Abéo S.A. (ABEO.PA) 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

+1108.7%

€95.97

vs €7.94 price

Levered DCF

€60.26

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.08

Distress zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.98×	11.02×	45×	19.78×	17.55×	-152.33×	103.16×	31.67×
P/B	0.51×	0.61×	0.71×	1.19×	1.19×	0.98×	0.73×	2.29×
P/S	0.24×	0.28×	0.31×	0.55×	0.61×	0.53×	0.3×	0.99×
EV / EBITDA	5.68×	6.4×	6.44×	8.29×	7.97×	11.99×	8.29×	17.59×
Gross margin	17.5%	6.7%	61.6%	7.4%	7.7%	5.8%	4.5%	19.3%
Operating margin	6.6%	6.1%	5.5%	6.3%	7.4%	4.6%	4.2%	5.5%
Net margin	3.0%	2.6%	0.7%	2.8%	3.5%	-0.4%	0.3%	3.1%
Current ratio	0.97×	1.03×	0.95×	1.23×	1.41×	1.62×	1.36×	1.48×
Debt / equity	1.05×	0.88×	0.99×	1.07×	1.39×	1.76×	1.59×	1.08×
Interest coverage	2.66×	3.14×	3.16×	3.92×	3.22×	1.74×	2.84×	5.42×
Dividend yield	3.8%	2.2%	3.2%	2.3%	0.0%	0.0%	3.4%	1.0%
Payout ratio	30.5%	23.8%	146.4%	44.9%	0.0%	0.0%	348.4%	32.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.5%	5.6%	1.5%	6.0%	6.8%	-0.6%	0.7%	7.2%
Return on invested capital	5.0%	4.9%	1.1%	4.1%	3.9%	2.9%	0.4%	4.3%
Return on assets	2.3%	2.1%	0.6%	2.1%	2.1%	-0.2%	0.2%	2.5%
Free cash flow yield	13.5%	24.3%	10.4%	1.1%	14.2%	12.9%	34.0%	-1.5%
Earnings yield	12.6%	9.1%	2.2%	5.1%	5.7%	-0.7%	1.0%	3.2%
Enterprise value	€188.1M	€161.5M	€175.7M	€219.3M	€207.1M	€187.6M	€169.2M	€307.8M
Net debt / EBITDA	3.68×	3.64×	3.58×	3.29×	3.11×	6.05×	4.8×	4.54×
Cash conversion cycle (days)	91	77	113	87	78	70	68	89