Witted Megacorp Oyj (WITTED.HE) 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

+107.6%

€3.21

vs €1.55 price

Levered DCF

€0.18

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.31

Safe zone

Rating

C-

Overall 1 / 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
P/E	-30.39×	-57.92×	-21.3×	-97.99×	125.63×	142.65×	204.55×
P/B	1.55×	1.57×	2.22×	3.11×	28.61×	61.41×	101.37×
P/S	0.4×	0.43×	0.51×	1.02×	2.31×	4.42×	7.85×
EV / EBITDA	55.1×	18.34×	128.11×	-146.95×	93.24×	106.83×	150.56×
Gross margin	4.4%	5.2%	3.7%	99.7%	99.9%	99.9%	99.5%
Operating margin	-1.5%	-0.7%	-2.8%	-0.8%	2.3%	4.1%	4.3%
Net margin	-1.3%	-0.7%	-2.5%	-1.0%	1.8%	3.1%	3.8%
Current ratio	1.39×	1.61×	1.43×	1.5×	1.18×	1.3×	1.35×
Debt / equity	0.01×	0×	0×	0.07×	0.12×	0×	0.07×
Interest coverage	0×	-2.84×	-8.41×	-4.46×	28.34×	42.32×	92.27×
Dividend yield	1.5%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%
Payout ratio	-46.6%	0.0%	0.0%	0.0%	18.1%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-5.1%	-2.7%	-10.7%	-3.2%	22.8%	43.0%	49.6%
Return on invested capital	-5.8%	-2.5%	-11.9%	-2.1%	19.9%	41.1%	38.3%
Return on assets	-2.9%	-1.6%	-5.7%	-1.7%	6.3%	12.1%	16.9%
Free cash flow yield	-2.9%	2.5%	-7.7%	-1.6%	2.1%	-0.0%	0.0%
Earnings yield	-3.3%	-1.7%	-4.8%	-1.0%	0.8%	0.7%	0.5%
Enterprise value	€16.1M	€15.1M	€25.6M	€44.9M	€67.9M	€68.7M	€69M
Net debt / EBITDA	-16.41×	-9.63×	-36.23×	30.19×	-1.91×	-0.84×	-0.47×
Cash conversion cycle (days)	20	13	17	-20,860	-45,714	-59,517	-5,310