YIT Oyj (YIT.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

-2753.1%

-€93.26

vs €3.52 price

Levered DCF

-€11.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.46

Distress 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	FY2018
P/E	-31.2×	-4.88×	139.16×	8.2×	128.66×	-114.39×	278.5×	27.47×
P/B	1.11×	0.71×	0.5×	0.58×	0.89×	1.12×	1.18×	1.01×
P/S	0.41×	0.3×	0.19×	0.21×	0.32×	0.34×	0.37×	0.29×
EV / EBITDA	25.39×	-100.22×	16.1×	9.51×	15.61×	23.02×	15.56×	17.13×
Gross margin	8.7%	74.1%	8.8%	86.2%	78.5%	81.3%	78.5%	78.7%
Operating margin	2.1%	-3.0%	2.4%	4.2%	2.3%	1.6%	0.0%	2.6%
Net margin	-1.4%	-6.2%	0.1%	2.6%	0.2%	-0.3%	0.1%	1.1%
Current ratio	1.87×	1.87×	1.56×	1.5×	1.74×	1.43×	1.5×	1.43×
Debt / equity	1.77×	1.16×	1.18×	0.94×	0.74×	1.21×	0.99×	0.85×
Interest coverage	0.62×	-0.81×	0.91×	3.64×	1.81×	1.11×	0.01×	2.35×
Dividend yield	0.0%	0.0%	9.1%	6.6%	3.3%	8.2%	4.5%	4.9%
Payout ratio	0.0%	0.0%	1266.7%	54.0%	428.6%	-933.3%	1260.0%	133.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-3.7%	-14.5%	0.4%	7.1%	0.7%	-1.0%	0.4%	3.7%
Return on invested capital	2.2%	-2.9%	-1.6%	4.8%	0.7%	2.3%	0.0%	3.0%
Return on assets	-1.0%	-4.5%	0.1%	2.2%	0.2%	-0.3%	0.1%	1.1%
Free cash flow yield	2.2%	9.7%	-34.2%	-55.2%	29.5%	4.0%	4.0%	13.4%
Earnings yield	-3.3%	-20.5%	0.7%	12.3%	0.8%	-0.9%	0.4%	3.7%
Enterprise value	€1.8B	€1.3B	€1.3B	€1.1B	€1.3B	€1.7B	€2.2B	€1.7B
Net debt / EBITDA	14.96×	-58.15×	10.88×	5.23×	4.49×	9.28×	6.58×	6.38×
Cash conversion cycle (days)	297	973	302	1,493	770	847	861	772