Bilendi S.A. (ALBLD.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

+928.9%

€80.46

vs €7.82 price

Levered DCF

€123.79

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.02

Distress zone

Rating

C+

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	FY2018
P/E	27.92×	18.67×	25.57×	23.56×	19.55×	20.33×	19.44×	20.19×
P/B	1.94×	2.07×	1.99×	2.97×	3.26×	1.78×	2.33×	2.16×
P/S	0.92×	1.3×	1.13×	1.58×	2.14×	1.21×	1.47×	1.33×
EV / EBITDA	6.39×	6.01×	7.03×	8.66×	10.12×	5.91×	7.47×	7.17×
Gross margin	14.3%	67.3%	27.8%	20.0%	22.7%	20.3%	20.9%	27.7%
Operating margin	6.1%	10.8%	7.7%	10.1%	13.3%	8.2%	10.3%	11.2%
Net margin	3.3%	6.9%	4.5%	6.4%	10.9%	6.0%	6.6%	6.7%
Current ratio	1.46×	1.93×	1.68×	1.51×	1.33×	1.93×	1.58×	1.91×
Debt / equity	1.34×	0.28×	0.39×	0.41×	0.54×	0.2×	0.11×	0.18×
Interest coverage	1.94×	16.74×	14.29×	23.07×	38.76×	27.12×	13.9×	30.7×
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	6.9%	11.0%	7.9%	11.9%	16.6%	8.8%	10.5%	10.8%
Return on invested capital	4.7%	7.5%	5.6%	8.8%	9.5%	6.5%	9.8%	10.3%
Return on assets	2.1%	5.6%	3.6%	5.0%	6.5%	4.6%	5.7%	5.7%
Free cash flow yield	5.9%	9.8%	4.1%	2.1%	3.7%	8.9%	0.4%	6.3%
Earnings yield	3.6%	5.3%	3.9%	4.0%	5.1%	4.9%	4.5%	5.0%
Enterprise value	€132.1M	€79.4M	€72.1M	€98M	€96.6M	€35.6M	€46M	€36.6M
Net debt / EBITDA	2.32×	-0.32×	0.09×	0.05×	0.25×	-0.92×	-0.23×	-0.47×
Cash conversion cycle (days)	85	23	80	89	68	63	65	57