ABL Texcell Diagnostics S.A. (ABLD.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

+329.5%

€10.57

vs €2.46 price

Levered DCF

€10.78

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

230.99

Safe zone

Rating

—

Ratios by fiscal year

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

Metric	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
P/E	-3.55×	-4.23×	-17.17×	-2.23×	-31.3×	-2.08×	-2.35×	1.1×
P/B	0.19×	0.16×	0.14×	0.14×	0.11×	0.15×	0.1×	0.11×
P/S	0×	0×	0×	2.94×	1.2×	1.89×	2.05×	20.68×
EV / EBITDA	-7.44×	22.26×	93.41×	-13.54×	-1.1×	-3.01×	-1.96×	0.67×
Gross margin	0.0%	0.0%	0.0%	17.4%	30.3%	70.2%	59.5%	-174.1%
Operating margin	0.0%	0.0%	0.0%	623.0%	-3.8%	-90.7%	-129.8%	2839.0%
Net margin	0.0%	0.0%	0.0%	-132.5%	-3.8%	-90.7%	-87.2%	1885.4%
Current ratio	28.79×	131.37×	393.63×	13.05×	26.51×	18.15×	3.95×	31.91×
Debt / equity	0×	0×	0.01×	0×	0×	0×	0×	0×
Interest coverage	-9,331.09×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.0%	1250.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	-5307.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Return on equity	-5.4%	-3.7%	-0.8%	-6.4%	-0.3%	-7.4%	-4.2%	10.3%
Return on invested capital	-3.9%	-3.8%	-0.9%	-221.1%	0.0%	-7.3%	-4.2%	10.2%
Return on assets	-5.2%	-3.7%	-0.8%	-5.9%	-0.3%	-7.2%	-3.8%	10.0%
Free cash flow yield	-11.4%	0.0%	-28.1%	-55.7%	47.2%	0.0%	0.0%	0.0%
Earnings yield	-28.2%	-23.6%	-5.7%	-45.0%	-3.2%	-48.1%	-42.6%	91.2%
Enterprise value	-€2.2M	-€2M	-€5.9M	-€6.2M	-€990.5K	€819.8K	€553.3K	€675.9K
Net debt / EBITDA	-9.13×	26.42×	109.15×	-15.73×	-1.97×	0.8×	0.38×	-0.05×
Cash conversion cycle (days)	-201	-70	-100	-24	-35	-102	-2,017	-63