Acanthe Développement (ACAN.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

-152.8%

-€0.10

vs €0.20 price

Levered DCF

€0.00

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.98

Distress zone

Rating

B-

Overall 3 / 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	-7.14×	-12.6×	-4.82×	10.39×	9.09×	-16.45×	5.45×	6.8×
P/B	0.34×	0.45×	0.47×	0.33×	0.5×	0.44×	0.48×	0.55×
P/S	10.32×	12.86×	14.24×	13.66×	19.01×	12.81×	12.61×	14.25×
EV / EBITDA	-53.13×	40.85×	-6.13×	96.47×	-13.86×	-49.62×	7.16×	7.24×
Gross margin	59.3%	73.6%	76.8%	75.5%	74.4%	76.7%	77.7%	72.7%
Operating margin	-2.6%	23.9%	-312.1%	153.0%	220.1%	-57.8%	251.4%	230.0%
Net margin	-144.4%	-102.0%	-295.2%	131.3%	209.1%	-77.8%	231.4%	209.6%
Current ratio	1,384.5×	2.11×	6.15×	12.23×	10.55×	1.22×	0.76×	2.84×
Debt / equity	0.01×	0.01×	0×	0.01×	0.01×	0.22×	0.28×	0.14×
Interest coverage	-23×	0×	-112.55×	0×	23.08×	0×	16.59×	20.84×
Dividend yield	0.0%	5.6%	39.1%	0.0%	0.0%	0.0%	1.9%	60.5%
Payout ratio	0.0%	-70.3%	-188.5%	0.0%	0.0%	0.0%	10.5%	411.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-4.7%	-3.6%	-9.8%	3.2%	5.5%	-2.7%	8.8%	8.1%
Return on invested capital	-0.1%	0.7%	-9.2%	3.0%	5.2%	-1.5%	7.1%	6.9%
Return on assets	-4.0%	-3.0%	-8.5%	3.0%	4.9%	-2.0%	6.3%	6.1%
Free cash flow yield	-14.8%	2.9%	7.4%	9.0%	-27.8%	0.9%	0.8%	-4.1%
Earnings yield	-14.0%	-7.9%	-20.7%	9.6%	11.0%	-6.1%	18.4%	14.7%
Enterprise value	€36.3M	€44.9M	€48.6M	€27M	€54.7M	€81.7M	€106.7M	€85.5M
Net debt / EBITDA	0.13×	-4.98×	1×	-85.86×	4.78×	-11.98×	2.52×	1.06×
Cash conversion cycle (days)	983	775	713	1,192	1,081	-412	-1,527	-569