Cellectis S.A. (ALCLS.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

-443.6%

-€3.34

vs €0.97 price

Levered DCF

-€5.70

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-1.71

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	-7.05×	-4.12×	-1.46×	-0.98×	-4.39×	-17.43×	-8.22×	-8.94×
P/B	6.52×	1.16×	1.89×	0.82×	1.71×	4.58×	2.37×	1.72×
P/S	6.52×	3.65×	212.39×	5.05×	5.13×	17.08×	49.07×	55.27×
EV / EBITDA	-24.8×	-10.55×	-1.17×	-1.07×	-3.77×	-25.52×	-4.09×	-2.95×
Gross margin	72.5%	100.0%	2.4%	90.8%	50.9%	50.9%	25.0%	78.5%
Operating margin	-55.3%	-143.5%	-12887.7%	-467.7%	-115.5%	-115.5%	-813.4%	-825.5%
Net margin	-92.7%	-88.6%	-13385.3%	-514.8%	-116.7%	-98.1%	-597.0%	-618.1%
Current ratio	1.62×	1.73×	1.5×	2.28×	4.57×	6.06×	6.25×	10.4×
Debt / equity	1.2×	0.7×	1×	0.7×	0.46×	0.4×	0.15×	0×
Interest coverage	-4.98×	-7.99×	-18.33×	-5.77×	-23.12×	-7.09×	-46.72×	-2,284.59×
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	-92.7%	-28.1%	-119.3%	-83.7%	-39.0%	-26.3%	-28.8%	-19.2%
Return on invested capital	-19.9%	-21.6%	-50.5%	-42.5%	-22.0%	-15.0%	-24.0%	-23.1%
Return on assets	-21.7%	-9.6%	-30.2%	-37.8%	-22.6%	-15.5%	-19.4%	-15.7%
Free cash flow yield	-8.9%	12.6%	-16.1%	-92.8%	-32.8%	-10.0%	-11.0%	-10.4%
Earnings yield	-14.2%	-24.2%	-63.0%	-101.9%	-22.8%	-5.7%	-12.2%	-11.2%
Enterprise value	€523.9M	€99.9M	€108.7M	€82M	€295.3M	€1.1B	€432.1M	€253.2M
Net debt / EBITDA	-1.38×	5.47×	0.56×	0.19×	1.07×	3.62×	2.96×	5.24×
Cash conversion cycle (days)	-180	-539	1,738	79	-139	-206	-774	-1,995