Groupe Airwell SAS (ALAIR.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

-488.0%

-€3.38

vs €0.87 price

Levered DCF

-€4.40

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.72

Distress zone

Rating

Overall 2 / 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
P/E	-1.4×	-5.21×	17.42×	15×	14.04×	191.49×	62.61×
P/B	2.08×	1×	2.33×	4.09×	11.34×	-27.22×	59.73×
P/S	0.17×	0.18×	0.38×	0.29×	0.4×	1.02×	0.37×
EV / EBITDA	-4.16×	-15.64×	7.67×	7.44×	10.53×	105.3×	53.45×
Gross margin	3.9%	15.0%	32.7%	15.0%	16.8%	17.4%	26.3%
Operating margin	-12.1%	-2.8%	4.2%	3.2%	4.6%	1.3%	1.0%
Net margin	-12.4%	-3.4%	2.2%	1.9%	2.9%	0.5%	4.8%
Current ratio	1.23×	2.5×	2.39×	1.98×	2.07×	1.96×	1.84×
Debt / equity	2.28×	0.82×	0.36×	0.98×	4.62×	-21.26×	45.13×
Interest coverage	-4.48×	-1.58×	3.05×	5.46×	5.67×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-149.0%	-19.2%	13.4%	26.7%	81.2%	-14.2%	761.1%
Return on invested capital	-36.0%	-3.2%	7.7%	5.4%	6.3%	1.3%	0.0%
Return on assets	-17.3%	-3.7%	3.0%	2.6%	3.4%	0.4%	8.4%
Free cash flow yield	-20.1%	-16.9%	-29.8%	1.9%	3.2%	-15.2%	20.4%
Earnings yield	-71.6%	-19.2%	5.7%	6.5%	7.2%	0.5%	12.7%
Enterprise value	€15.4M	€14.3M	€26.7M	€17.8M	€20.3M	€25M	€26.5M
Net debt / EBITDA	-2.16×	-5.96×	0.51×	0.74×	2.35×	39.51×	21.94×
Cash conversion cycle (days)	129	157	140	104	111	182	-34