ACTIA Group S.A. (ALATI.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

+469.9%

€21.54

vs €3.78 price

Levered DCF

€230.88

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.17

Distress zone

Rating

A-

Overall 4 / 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	-11.21×	3.01×	9.95×	4.21×	-11.41×	-2.86×	10.02×	7.51×
P/B	0.47×	0.37×	0.55×	0.62×	0.65×	0.47×	0.62×	0.51×
P/S	0.12×	0.1×	0.13×	0.17×	0.16×	0.12×	0.17×	0.14×
EV / EBITDA	5.48×	2.94×	5.86×	9.18×	7.63×	7.75×	6.64×	6.47×
Gross margin	1.6%	49.9%	46.7%	46.1%	46.6%	46.1%	47.0%	46.4%
Operating margin	0.6%	6.0%	2.7%	2.0%	1.3%	-1.6%	3.2%	4.0%
Net margin	-1.0%	2.6%	1.3%	4.0%	-1.4%	-4.3%	1.7%	1.9%
Current ratio	1.28×	1.33×	1.32×	1.39×	1.43×	1.37×	1.34×	1.22×
Debt / equity	1.47×	1.42×	1.66×	1.91×	2.44×	2.19×	1.71×	1.53×
Interest coverage	0.33×	3.63×	1.93×	1.96×	1.52×	-0.46×	3.94×	5.83×
Dividend yield	3.7%	4.4%	3.2%	0.0%	0.0%	5.5%	2.3%	3.6%
Payout ratio	-47.2%	17.3%	32.1%	0.0%	0.0%	-15.8%	23.3%	26.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-3.7%	9.4%	5.4%	14.9%	-5.6%	-16.4%	6.2%	6.8%
Return on invested capital	0.4%	5.5%	3.7%	2.0%	1.4%	-1.8%	2.9%	4.1%
Return on assets	-0.8%	2.2%	1.2%	3.2%	-1.1%	-3.4%	1.5%	1.7%
Free cash flow yield	52.7%	51.2%	54.3%	-41.8%	-5.3%	3.9%	0.6%	-68.1%
Earnings yield	-7.8%	25.3%	9.9%	23.8%	-8.7%	-34.8%	9.9%	13.3%
Enterprise value	€183.2M	€193.3M	€262.6M	€291.1M	€292.6M	€254.9M	€279M	€233.1M
Net debt / EBITDA	3.52×	2.1×	4.17×	6.54×	5.72×	6.09×	4.58×	4.59×
Cash conversion cycle (days)	178	254	243	260	242	241	199	197