Audacia S.A. (ALAUD.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

-35.3%

€2.31

vs €3.58 price

Levered DCF

-€6.40

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.94

Grey zone

Rating

C-

Overall 1 / 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	88.91×	18.22×	86.28×	98.63×	8.35×	29.65×	18.94×	62×
P/B	9.7×	1.21×	1.78×	2.16×	2.36×	4.12×	4.78×	6.39×
P/S	6.32×	1.25×	2.1×	2.78×	3.59×	3×	2.39×	1.96×
EV / EBITDA	40.91×	4.74×	10.29×	35.17×	392.74×	7.69×	12.19×	5.71×
Gross margin	85.0%	40.6%	39.5%	46.1%	51.3%	99.3%	87.5%	90.9%
Operating margin	8.8%	3.5%	0.1%	4.9%	16.3%	16.9%	40.5%	40.1%
Net margin	7.1%	6.9%	2.4%	2.8%	42.9%	10.0%	-0.1%	3.1%
Current ratio	18.95×	1.37×	1.2×	1.21×	1.42×	0.91×	0.79×	0.98×
Debt / equity	0.07×	0.06×	0.05×	0.07×	0.09×	1.05×	1.1×	1.7×
Interest coverage	18.59×	0×	0×	54.15×	66.26×	0×	34.36×	37.36×
Dividend yield	0.0%	0.0%	0.0%	0.0%	18.5%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	154.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.9%	6.7%	2.1%	2.2%	28.3%	13.7%	-0.1%	10.1%
Return on invested capital	5.7%	3.0%	0.1%	2.7%	7.3%	7.7%	27.1%	35.4%
Return on assets	5.5%	3.6%	1.1%	1.1%	12.4%	3.3%	-0.0%	1.9%
Free cash flow yield	0.1%	-4.1%	-2.7%	-4.2%	-9.1%	-4.2%	0.0%	0.0%
Earnings yield	1.1%	5.5%	1.2%	1.0%	12.0%	3.3%	-0.0%	1.6%
Enterprise value	€128.5M	€12.9M	€19.8M	€25M	€21.4M	€39.5M	€36.5M	€39M
Net debt / EBITDA	-1.54×	-1.23×	-1.54×	-3.02×	-143.86×	1.38×	1.35×	0.96×
Cash conversion cycle (days)	-254	36	-29	-132	-262	-54,825	-2,250	-1,863