Y/knot S.A. (YKNOT.AT) 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

-573.1%

-€6.96

vs €1.47 price

Levered DCF

-€14.50

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.66

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	-3.48×	-5.1×	-5.37×	-3.57×	-4.57×	-1.76×	39.59×	20.19×
P/B	4.74×	1.87×	1.36×	1.06×	0.76×	0.6×	1.02×	0.51×
P/S	1.24×	0.26×	0.26×	0.37×	0.47×	0.34×	0.59×	0.35×
EV / EBITDA	-22.34×	-112.74×	20.94×	-23.32×	76.3×	-6.77×	8.99×	6.65×
Gross margin	-1.8%	4.3%	8.2%	12.2%	8.2%	0.8%	11.0%	12.4%
Operating margin	-26.7%	-3.4%	-1.0%	-7.2%	-5.2%	-5.9%	4.2%	4.7%
Net margin	-36.0%	-5.2%	-5.0%	-10.1%	-10.3%	-19.2%	1.5%	1.8%
Current ratio	0.96×	0.85×	0.99×	1.16×	1.28×	1.47×	1.61×	1.74×
Debt / equity	7.71×	1.18×	0.96×	0.86×	0.91×	0.81×	0.46×	0.44×
Interest coverage	0×	-4.49×	-1.11×	-4.72×	-2.19×	0×	2.99×	1.95×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.0%	2.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	38.8%	39.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-137.0%	-37.2%	-25.3%	-29.3%	-16.6%	-34.2%	2.6%	2.5%
Return on invested capital	-9.2%	-6.5%	-1.7%	-7.1%	-3.0%	-4.1%	2.9%	2.7%
Return on assets	-10.9%	-6.1%	-4.1%	-6.1%	-3.9%	-10.0%	0.9%	1.0%
Free cash flow yield	-69.8%	0.2%	-4.6%	9.7%	-24.8%	-54.6%	-2.2%	-9.2%
Earnings yield	-28.9%	-19.9%	-18.7%	-27.6%	-21.9%	-57.0%	2.5%	5.0%
Enterprise value	€42.7M	€16.9M	€17.3M	€17.4M	€20.3M	€20M	€27.8M	€17.7M
Net debt / EBITDA	-13.08×	-41.13×	7.96×	-9.22×	39.82×	-3.74×	2.39×	2.84×
Cash conversion cycle (days)	145	-6	132	211	297	89	95	91