Catering International & Services S.A. (ALCIS.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

+30.1%

€24.92

vs €19.15 price

Levered DCF

€20.42

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.12

Safe zone

Rating

A-

Overall 4 / 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	12.08×	14.76×	22.2×	8.49×	21.06×	-30.91×	19.56×	14.77×
P/B	1.75×	1.12×	1.12×	1.2×	1.99×	1.6×	1.76×	1.28×
P/S	0.25×	0.17×	0.22×	0.23×	0.4×	0.31×	0.39×	0.32×
EV / EBITDA	2.2×	1.78×	3.41×	2.07×	4.26×	5×	6.73×	5.49×
Gross margin	57.4%	22.8%	4.2%	57.9%	57.1%	57.6%	55.0%	56.5%
Operating margin	5.8%	4.5%	2.7%	3.6%	4.1%	5.0%	3.8%	4.3%
Net margin	1.9%	1.2%	1.0%	2.7%	1.9%	-1.0%	2.0%	2.2%
Current ratio	1.32×	1.39×	1.59×	1.53×	1.56×	1.61×	1.57×	2×
Debt / equity	0.39×	0.59×	0.72×	0.5×	0.63×	0.72×	0.62×	0.32×
Interest coverage	4.39×	4.08×	3.03×	6.2×	9.39×	9.5×	7.91×	3.19×
Dividend yield	1.1%	1.7%	1.8%	1.7%	0.0%	0.0%	0.9%	1.2%
Payout ratio	15.0%	25.9%	40.1%	14.5%	0.0%	0.0%	18.0%	18.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.9%	7.5%	5.0%	14.1%	9.4%	-5.2%	9.0%	8.7%
Return on invested capital	13.1%	8.0%	3.9%	8.1%	7.0%	-2.3%	6.1%	6.7%
Return on assets	3.4%	2.1%	1.5%	4.7%	2.8%	-1.6%	3.0%	3.8%
Free cash flow yield	31.1%	11.2%	-8.2%	14.2%	10.1%	15.5%	11.0%	6.3%
Earnings yield	7.4%	6.7%	4.5%	11.7%	4.7%	-3.3%	5.1%	6.8%
Enterprise value	€98M	€53.7M	€60.9M	€48.5M	€81.8M	€59.8M	€122M	€73.6M
Net debt / EBITDA	-0.56×	-0.62×	-0.59×	-1.15×	-1.38×	-1.69×	0.98×	0.13×
Cash conversion cycle (days)	49	52	65	27	21	9	3	-77