Sidetrade S.A. (ALBFR.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

-22.5%

€152.58

vs €197.00 price

Levered DCF

€244.97

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.17

Safe 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	40.27×	41.87×	42.08×	64.1×	51.97×	49.17×	43.35×	32.05×
P/B	7.22×	8.39×	7.55×	8.08×	10.52×	7.57×	5.77×	4.37×
P/S	5.9×	5.77×	5.12×	5.89×	7.53×	5.75×	3.66×	2.88×
EV / EBITDA	79.51×	41.08×	30.76×	46.36×	41.45×	35.78×	37.11×	23.47×
Gross margin	11.5%	27.8%	18.7%	-2.4%	3.6%	-0.2%	-6.1%	-4.4%
Operating margin	6.1%	10.1%	12.6%	10.0%	15.3%	12.2%	8.8%	9.7%
Net margin	14.7%	13.8%	12.2%	9.2%	14.5%	11.7%	8.5%	9.0%
Current ratio	2.01×	1.55×	1.96×	1.68×	1.73×	1.79×	3.65×	2.83×
Debt / equity	0.62×	0.2×	0.33×	0.45×	0.56×	0.01×	0.02×	0.02×
Interest coverage	15.85×	113.23×	73.76×	29.94×	54.76×	379.47×	139.08×	155.81×
Dividend yield	0.0%	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%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.9%	20.0%	18.0%	12.6%	20.2%	15.4%	13.4%	13.6%
Return on invested capital	3.8%	11.9%	11.5%	8.3%	12.6%	15.1%	9.5%	10.7%
Return on assets	8.0%	10.3%	8.7%	5.3%	8.4%	8.9%	7.3%	7.4%
Free cash flow yield	1.2%	2.6%	2.2%	1.5%	2.4%	3.9%	1.9%	-0.2%
Earnings yield	2.5%	2.4%	2.4%	1.6%	1.9%	2.0%	2.3%	3.1%
Enterprise value	€387.9M	€313.2M	€223M	€208.2M	€240.5M	€153.6M	€90M	€65.6M
Net debt / EBITDA	5.24×	-2.27×	-1.87×	-1.87×	-0.84×	-3.27×	-2.06×	-1.55×
Cash conversion cycle (days)	123	84	77	136	75	74	87	151