Centrale d'Achat Française pour l'Outre-Mer Société Anonyme (ALCAF.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

+1020.0%

€129.92

vs €11.60 price

Levered DCF

€113.53

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.58

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	8.18×	5.25×	9.5×	8.07×	15.6×	-2.79×	-2.15×	5.69×
P/B	0.69×	0.55×	0.69×	0.73×	1.26×	0.33×	0.44×	0.53×
P/S	0.24×	0.19×	0.22×	0.22×	0.33×	0.1×	0.15×	0.22×
EV / EBITDA	3.2×	3.1×	4.64×	4.7×	4.43×	3.79×	7.9×	5.31×
Gross margin	52.1%	50.7%	28.0%	49.7%	33.8%	27.3%	29.8%	43.3%
Operating margin	6.2%	6.0%	4.7%	5.0%	10.0%	4.9%	3.5%	5.2%
Net margin	2.9%	3.6%	2.3%	2.7%	2.1%	-3.6%	-6.8%	3.9%
Current ratio	1.37×	1.26×	1.3×	1.27×	1.16×	1.18×	1.25×	1.1×
Debt / equity	0.71×	0.92×	1.29×	1.5×	1.8×	1.56×	0.77×	0.51×
Interest coverage	6.71×	3.15×	5.01×	5.5×	13.68×	4.98×	5.83×	6.91×
Dividend yield	1.5%	6.7%	2.2%	0.3%	1.9%	3.6%	4.0%	0.5%
Payout ratio	11.9%	35.2%	20.9%	2.3%	29.7%	-10.0%	-8.7%	2.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.4%	10.5%	7.3%	9.1%	8.1%	-11.7%	-20.4%	9.3%
Return on invested capital	6.8%	6.2%	5.3%	4.1%	10.1%	4.5%	3.7%	8.3%
Return on assets	3.3%	3.7%	2.3%	2.6%	2.0%	-2.5%	-6.0%	3.3%
Free cash flow yield	38.5%	42.2%	52.3%	22.9%	13.0%	110.6%	4.4%	5.3%
Earnings yield	12.2%	19.0%	10.5%	12.3%	6.4%	-35.9%	-46.5%	17.6%
Enterprise value	€171.9M	€176.7M	€213.4M	€235.4M	€293.9M	€146.6M	€107.9M	€112.4M
Net debt / EBITDA	1.24×	1.72×	2.71×	2.97×	2.44×	2.98×	4.63×	2.18×
Cash conversion cycle (days)	111	119	87	130	103	99	115	141