Wiener Privatbank SE (WPB.VI) 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

+32.9%

€17.54

vs €13.20 price

Levered DCF

€17.73

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.41

Distress 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	-83.08×	-2.84×	9.47×	11.89×	7.61×	-3.35×	13.92×	113.49×
P/B	1.67×	1.05×	0.61×	0.63×	0.66×	0.71×	0.79×	1.04×
P/S	2.42×	1.53×	1.03×	1.19×	1.14×	1.48×	1.48×	2.13×
EV / EBITDA	-308.44×	1.38×	-5.29×	2.92×	-0.04×	2.72×	-4.99×	-4.22×
Gross margin	78.6%	75.8%	85.1%	90.3%	90.3%	86.7%	87.1%	84.4%
Operating margin	-3.2%	-62.2%	14.7%	15.1%	21.4%	-56.6%	15.6%	4.8%
Net margin	-3.0%	-53.9%	10.8%	10.1%	15.0%	-44.1%	10.6%	1.9%
Current ratio	0.49×	0.38×	0.38×	123.59×	105.48×	0.26×	0.23×	0.25×
Debt / equity	1.26×	1.17×	0.86×	0.83×	1.42×	0.52×	0.51×	0.48×
Interest coverage	-0.15×	-2.57×	0.99×	1.56×	2.2×	-4.26×	1.21×	0.31×
Dividend yield	0.0%	0.1%	5.1%	0.6%	0.3%	0.5%	3.5%	36.8%
Payout ratio	0.0%	-0.4%	48.3%	7.1%	2.4%	-1.7%	49.1%	4176.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.1%	-36.9%	6.4%	5.3%	8.7%	-21.0%	5.7%	0.9%
Return on invested capital	-0.9%	-15.7%	3.2%	1.5%	2.1%	-12.2%	3.5%	0.8%
Return on assets	-0.2%	-3.7%	0.8%	0.7%	1.0%	-2.2%	0.6%	0.1%
Free cash flow yield	57.9%	4.2%	-21.4%	-23.3%	-40.2%	-126.4%	149.5%	-114.2%
Earnings yield	-1.2%	-35.2%	10.5%	8.5%	13.2%	-29.8%	7.2%	0.9%
Enterprise value	-€35M	-€18M	-€25.4M	€13.1M	-€253.3K	-€24.3M	-€24.1M	-€6.4M
Net debt / EBITDA	-785.03×	4×	-10.93×	-3.06×	-4.35×	5.68×	-12.36×	-33.72×
Cash conversion cycle (days)	-20	29	17	-14,956	-20,589	-9	8	93