Atom Hoteles SOCIMI, S.A. (YATO.MC) 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

+62.9%

€28.66

vs €17.60 price

Levered DCF

€0.38

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.75

Distress zone

Rating

A-

Overall 4 / 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	9.64×	4.57×	34.82×	11.75×	26.25×	314.47×	105.52×	248.72×
P/B	1.56×	1.24×	0.99×	0.97×	0.97×	1.03×	0.98×	0.98×
P/S	7.98×	6.06×	6.02×	6.84×	8.38×	8.64×	9.43×	9.81×
EV / EBITDA	9.55×	5.54×	15.96×	12.98×	19.19×	29.43×	30.28×	25.84×
Gross margin	38.0%	98.6%	100.0%	99.4%	99.0%	99.8%	99.7%	99.7%
Operating margin	55.6%	161.6%	66.2%	68.2%	56.4%	30.2%	36.6%	47.0%
Net margin	83.0%	132.5%	17.6%	58.3%	32.2%	2.7%	8.9%	3.9%
Current ratio	2.01×	1.54×	2.26×	-75.94×	1.95×	0×	2.41×	4.57×
Debt / equity	0.84×	0.93×	1.05×	1.05×	1.04×	1.05×	0.96×	0.89×
Interest coverage	2.38×	5.57×	1.91×	2.89×	2.11×	1.14×	1.39×	1.55×
Dividend yield	7.9%	19.2%	5.2%	5.2%	3.3%	3.1%	2.4%	0.0%
Payout ratio	75.7%	88.0%	178.4%	61.1%	85.3%	975.0%	249.1%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.2%	27.2%	2.9%	8.3%	3.7%	0.3%	0.9%	0.4%
Return on invested capital	5.5%	16.5%	4.9%	3.4%	3.1%	1.3%	1.8%	0.9%
Return on assets	8.4%	13.2%	1.4%	3.9%	1.8%	0.2%	0.5%	0.2%
Free cash flow yield	0.1%	7.6%	8.7%	8.4%	4.1%	5.4%	6.3%	3.9%
Earnings yield	10.4%	21.9%	2.9%	8.5%	3.8%	0.3%	0.9%	0.4%
Enterprise value	€776.4M	€661.2M	€624.4M	€645.5M	€617.9M	€625.5M	€606M	€431.7M
Net debt / EBITDA	3.24×	2.24×	7.92×	6.65×	9.71×	14.24×	14.55×	11.35×
Cash conversion cycle (days)	56	46	42	-108	-77	-423	-262	-280