Compagnie Lebon (ALBON.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

+199.7%

€290.13

vs €96.80 price

Levered DCF

€423.83

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.85

Distress 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	26.69×	-721.54×	13.09×	9.49×	13.64×	-7.53×	12.34×	30×
P/B	0.64×	0.62×	0.62×	0.56×	0.56×	0.57×	0.85×	0.81×
P/S	0.95×	0.85×	0.76×	0.71×	1.1×	0.93×	1.48×	2.34×
EV / EBITDA	12.86×	15.39×	8.44×	7.01×	9.53×	60.74×	23.68×	79.74×
Gross margin	18.5%	21.4%	17.8%	49.4%	40.6%	-3.9%	22.2%	5.2%
Operating margin	13.1%	2.6%	9.2%	12.6%	12.8%	-7.1%	18.3%	7.3%
Net margin	3.5%	-0.1%	5.8%	7.4%	8.1%	-12.3%	12.0%	7.8%
Current ratio	0.85×	1.07×	0.92×	1.35×	1.78×	1.27×	1.42×	1.37×
Debt / equity	0.82×	0.78×	0.75×	0.9×	1.08×	1.12×	1.03×	0.64×
Interest coverage	2.6×	0×	0×	0×	0×	0×	4.9×	2.53×
Dividend yield	3.1%	3.8%	4.2%	2.9%	0.2%	6.0%	2.1%	60.2%
Payout ratio	83.3%	-2728.2%	55.5%	27.3%	2.7%	-45.2%	25.4%	1806.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.4%	-0.1%	4.7%	5.9%	4.1%	-7.5%	6.9%	2.7%
Return on invested capital	0.1%	1.0%	3.6%	3.5%	0.9%	-1.7%	3.5%	1.5%
Return on assets	1.1%	-0.0%	2.2%	2.6%	1.7%	-2.9%	2.7%	1.4%
Free cash flow yield	1.3%	5.4%	15.0%	23.9%	6.7%	4.3%	-5.8%	-36.1%
Earnings yield	3.7%	-0.1%	7.6%	10.5%	7.3%	-13.3%	8.1%	3.3%
Enterprise value	€236.1M	€219.5M	€208.6M	€195.1M	€200.3M	€221.2M	€262.3M	€225.2M
Net debt / EBITDA	6.91×	7.89×	4.02×	3.52×	5.13×	36.41×	11.15×	32.44×
Cash conversion cycle (days)	35	32	-14	29	10	44	200	258