Xior Student Housing N.V. (XIOR.BR) 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

-28.4%

€17.96

vs €25.10 price

Levered DCF

€3.53

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.58

Distress zone

Rating

B+

Overall 3 / 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	19.56×	18.3×	-110×	4.65×	14.91×	-23.01×	100.94×	26.21×
P/B	0.76×	0.75×	0.73×	0.58×	1.23×	1.5×	1.24×	1.03×
P/S	5.98×	5.92×	5.98×	6.49×	12.73×	13.38×	13.86×	11.58×
EV / EBITDA	24×	21.57×	115.17×	58.91×	76.44×	61.39×	61.16×	34.43×
Gross margin	70.3%	70.2%	72.9%	70.9%	73.1%	74.1%	74.0%	75.8%
Operating margin	33.1%	63.9%	22.6%	102.7%	95.8%	-30.3%	56.8%	79.7%
Net margin	30.4%	32.1%	-5.4%	139.4%	85.5%	-58.5%	13.8%	44.2%
Current ratio	0.24×	0.56×	0.2×	0.28×	0.41×	0.43×	0.3×	1.39×
Debt / equity	1.01×	1.04×	1.11×	1.05×	0.93×	1.28×	0.82×	0.98×
Interest coverage	0×	2.25×	1.05×	11.25×	10.25×	0×	4.15×	7.12×
Dividend yield	3.7%	3.8%	4.5%	2.8%	2.2%	2.0%	1.0%	1.9%
Payout ratio	72.0%	70.2%	-502.0%	13.2%	33.0%	-46.4%	103.6%	51.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.9%	4.0%	-0.7%	12.5%	8.2%	-6.6%	1.2%	3.9%
Return on invested capital	1.7%	3.4%	0.7%	4.1%	4.0%	-1.4%	1.5%	2.9%
Return on assets	1.8%	1.9%	-0.3%	5.8%	3.9%	-2.6%	0.6%	1.9%
Free cash flow yield	6.3%	4.5%	2.2%	0.4%	2.2%	0.3%	-6.1%	-6.0%
Earnings yield	5.1%	5.4%	-0.9%	21.5%	6.7%	-4.4%	1.0%	3.8%
Enterprise value	€3.1B	€2.9B	€2.8B	€2.4B	€2.1B	€1.8B	€1.3B	€823.1M
Net debt / EBITDA	13.65×	12.52×	69.43×	37.8×	32.8×	28.15×	24.26×	16.78×
Cash conversion cycle (days)	-10	19	-10	-26	-27	-58	218	-208