Bluelinea S.A. (ALBLU.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

-11724.4%

-€6.39

vs €0.06 price

Levered DCF

-€6.71

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.15

Distress zone

Rating

D+

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	-5.99×	-10×	-13,000×	-12.33×	-3.83×	-7.78×	-6.9×	-6.48×
P/B	3.16×	8.7×	5.95×	4.23×	-6.79×	23.8×	8.47×	3.5×
P/S	0.87×	1.3×	1.62×	1.75×	1.67×	3.09×	3.04×	2.87×
EV / EBITDA	14.65×	24.76×	-48.69×	91.78×	-6.11×	-14.2×	-11.66×	-9.73×
Gross margin	-13.0%	-11.5%	61.0%	-7.0%	-40.3%	-43.3%	-47.7%	-43.0%
Operating margin	-12.5%	-12.6%	-16.3%	-8.1%	-43.1%	-46.0%	-50.4%	-45.8%
Net margin	-14.5%	-13.4%	-16.4%	-14.8%	-43.9%	-39.6%	-44.2%	-44.5%
Current ratio	0.74×	0.47×	0.59×	1.22×	0.62×	0.94×	0.54×	1.21×
Debt / equity	1.15×	3.04×	1.36×	0.84×	-2.15×	3.39×	0.45×	0.09×
Interest coverage	-12.12×	-6.22×	-11.6×	-5.71×	-142.87×	-141.3×	-151.12×	-156.4×
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	-52.8%	-89.9%	-60.4%	-35.9%	178.2%	-304.7%	-123.1%	-54.2%
Return on invested capital	-19.0%	-17.6%	-21.6%	-9.7%	-106.1%	-65.3%	-79.2%	-38.0%
Return on assets	-16.3%	-13.5%	-14.9%	-11.7%	-40.9%	-36.3%	-40.2%	-30.9%
Free cash flow yield	-19.3%	-9.3%	-22.7%	-14.6%	-11.2%	-13.7%	-4.9%	-10.7%
Earnings yield	-16.7%	-10.3%	-10.1%	-8.5%	-26.2%	-12.8%	-14.5%	-15.5%
Enterprise value	€11.5M	€16.1M	€18.7M	€17.3M	€16M	€23.6M	€20.1M	€17.6M
Net debt / EBITDA	3.19×	5.87×	-7.17×	-4.62×	-1.31×	-1.49×	-0.5×	0.04×
Cash conversion cycle (days)	-14	-17	-68	47	27	77	-35	7