Wielton S.A. (WLT.WA) 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

-266.5%

-PLN 7.52

vs PLN 4.52 price

Levered DCF

-PLN 15.61

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.05

Distress zone

Rating

C+

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	-2.75×	-1.98×	5.43×	3.77×	11.54×	12.98×	6.26×	9.88×
P/B	1.14×	0.59×	0.93×	0.78×	1.23×	1.01×	0.95×	2.04×
P/S	0.2×	0.13×	0.18×	0.13×	0.2×	0.22×	0.15×	0.33×
EV / EBITDA	-41.22×	-52.8×	4.39×	4.09×	6.56×	8.64×	5.29×	8.24×
Gross margin	7.7%	9.3%	13.4%	12.1%	11.4%	10.4%	11.4%	13.7%
Operating margin	-5.6%	-5.0%	4.0%	3.8%	2.9%	2.0%	3.8%	4.6%
Net margin	-7.3%	-6.7%	3.3%	3.3%	1.8%	1.7%	2.5%	3.4%
Current ratio	0.71×	0.76×	0.99×	1.08×	1.21×	1.15×	1.23×	1.16×
Debt / equity	2.02×	1.45×	0.84×	1.1×	1.08×	1.12×	1.21×	1.14×
Interest coverage	-2.51×	-2.53×	3.59×	5.36×	6.54×	1.97×	7.35×	11.97×
Dividend yield	0.0%	0.0%	4.2%	2.8%	3.7%	0.0%	5.5%	2.2%
Payout ratio	0.0%	0.0%	22.8%	10.6%	42.2%	0.0%	34.6%	21.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-41.3%	-29.6%	17.1%	20.6%	10.7%	7.7%	15.3%	20.6%
Return on invested capital	-9.8%	-8.2%	9.4%	9.4%	6.4%	4.1%	6.9%	9.9%
Return on assets	-8.2%	-7.6%	5.3%	5.4%	2.5%	2.1%	4.1%	4.9%
Free cash flow yield	-17.2%	-40.3%	15.7%	-21.2%	7.6%	18.9%	5.2%	-2.8%
Earnings yield	-36.3%	-50.4%	18.5%	26.5%	8.7%	7.6%	16.0%	10.1%
Enterprise value	PLN 1.1B	PLN 894.4M	PLN 1B	PLN 921.3M	PLN 895.1M	PLN 772.4M	PLN 757.6M	PLN 1B
Net debt / EBITDA	-24.89×	-36.19×	1.89×	2.18×	2.58×	4.08×	2.78×	2.77×
Cash conversion cycle (days)	54	46	33	46	39	57	41	42