v3.25.2
Share-based Compensation (Tables)
9 Months Ended
Jun. 30, 2025
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Summary of Fair Value At Grant Date Estimate Using Discounted Cash Flow Model and Black-Scholes Option Pricing Model

The fair value at grant date was estimated using a DCF model and then a Black-Scholes option pricing model, weighted for the assigned probability of each exit event date scenario. The model takes into account, among other things, a self-investment as well as the potential development of Birkenstock's ordinary redeemable share price. The historical volatility was derived from a peer group. The ordinary redeemable share price of €72.23 was determined based on the following assumptions:

 

 

Grant date
March 10, 2023

 

Average revenue growth rates (2023-2027) (%)

 

16.5

%

Average EBITDA margin (2023-2027) (%)

 

31.0

%

Terminal growth rate (2023-2027) (%)

 

1.5

%

After-tax discount rate (%)

 

9.9

%

Average capital expenditure investments

85.8million

 

Dividend yield (%)

 

0.0

%

Expected volatility (%)

 

34.4

%

Expected time period (years) (weighted average of the assumed exit event date scenarios)

1.1

 

Risk free interest rate (%) (weighted average of the assumed exit event date scenarios)

 

3.2

%