Wirtek A/S (WIRTEK.CO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-72.1%

DKK 0.87

vs DKK 3.10 price

Levered DCF

-DKK 0.92

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.05

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-14.18×	25.19×	18.45×	17.97×	27.06×	18.45×	32.95×	39.67×
P/B	2.64×	2.74×	3.99×	5.83×	13.83×	12.11×	13.45×	13.38×
P/S	0.59×	0.75×	1.05×	1.38×	2.87×	3.25×	2.13×	1.93×
EV / EBITDA	147.04×	10.5×	11.65×	11.27×	19.42×	27.03×	29.36×	25.02×
Gross margin	-1.1%	7.5%	52.6%	56.2%	14.6%	20.8%	60.5%	54.9%
Operating margin	-2.4%	4.3%	6.6%	9.2%	12.0%	11.0%	6.0%	6.5%
Net margin	-4.1%	3.0%	5.7%	7.7%	10.6%	17.6%	6.5%	4.9%
Current ratio	0.97×	1.35×	1.62×	1.43×	0.96×	2.08×	1.74×	1.59×
Debt / equity	0.73×	0.37×	0.11×	0.19×	0.42×	0.01×	0.97×	0.85×
Interest coverage	-1.23×	5.44×	27.53×	7.9×	9.07×	110.79×	26.4×	33.77×
Dividend yield	4.7%	5.5%	4.2%	2.9%	1.1%	1.2%	1.5%	1.6%
Payout ratio	-67.3%	135.4%	78.2%	52.8%	28.8%	22.6%	50.2%	61.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-18.5%	11.0%	21.6%	32.5%	50.9%	65.7%	40.8%	33.7%
Return on invested capital	-6.2%	8.6%	20.1%	29.0%	36.8%	40.8%	19.0%	18.2%
Return on assets	-8.1%	5.7%	13.3%	16.8%	18.0%	34.9%	18.7%	14.7%
Free cash flow yield	2.8%	2.8%	3.0%	1.7%	-3.1%	2.9%	2.1%	1.9%
Earnings yield	-7.0%	4.0%	5.4%	5.6%	3.7%	5.4%	3.0%	2.5%
Enterprise value	DKK 46.2M	DKK 57.3M	DKK 73.5M	DKK 89.1M	DKK 129.3M	DKK 86.4M	DKK 51.1M	DKK 40.3M
Net debt / EBITDA	26.47×	0.62×	-0.08×	-0.27×	-0.12×	-1.2×	0.72×	0.29×
Cash conversion cycle (days)	53	63	31	27	-17	70	22	-100