Arkema S.A. (AKE.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

+284.5%

€217.46

vs €56.55 price

Levered DCF

€67.29

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.63

Distress zone

Rating

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	62.83×	16.31×	19.11×	6.55×	7.22×	23.49×	14.68×	8.09×
P/B	0.65×	0.73×	1.07×	0.85×	1.48×	1.38×	1.37×	1.15×
P/S	0.43×	0.58×	0.81×	0.54×	0.98×	0.91×	0.83×	0.65×
EV / EBITDA	5.68×	6.16×	7.48×	3.99×	3.86×	7.04×	6.69×	4.94×
Gross margin	17.8%	20.3%	20.6%	22.3%	22.5%	19.6%	21.8%	22.4%
Operating margin	4.6%	6.1%	7.2%	11.1%	11.0%	6.0%	9.2%	10.5%
Net margin	0.7%	3.7%	4.2%	8.4%	13.8%	4.2%	6.2%	8.0%
Current ratio	2.13×	2.01×	2.34×	1.98×	2.7×	2.57×	1.98×	2.45×
Debt / equity	0.89×	0.61×	0.59×	0.45×	0.44×	0.54×	0.58×	0.49×
Interest coverage	3.36×	19.53×	9.73×	29.25×	21.43×	8.17×	13.66×	15.47×
Dividend yield	6.9%	4.7%	3.3%	3.6%	2.0%	2.4%	2.6%	3.1%
Payout ratio	431.7%	73.7%	62.9%	23.0%	14.6%	50.6%	35.0%	24.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.0%	4.7%	5.6%	13.2%	20.8%	6.4%	10.3%	14.2%
Return on invested capital	1.3%	3.0%	3.7%	8.6%	7.9%	3.3%	6.7%	9.3%
Return on assets	0.4%	2.3%	2.8%	7.1%	10.6%	3.1%	4.9%	7.0%
Free cash flow yield	8.6%	6.4%	8.1%	12.3%	1.6%	7.1%	8.9%	7.7%
Earnings yield	1.6%	6.4%	5.2%	15.5%	14.0%	4.6%	7.5%	12.4%
Enterprise value	€7.1B	€8B	€9.9B	€7.9B	€9.8B	€8.4B	€8.8B	€6.7B
Net debt / EBITDA	2.53×	1.95×	1.68×	0.84×	0.19×	1.02×	1.23×	0.74×
Cash conversion cycle (days)	68	67	59	56	63	49	66	60