Cofidur S.A. (ALCOF.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

+50.7%

€382.74

vs €254.00 price

Levered DCF

€20,144.88

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.91

Grey 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	10.65×	8.04×	5.63×	17.4×	10.8×	-8.69×	9.43×	4.03×
P/B	0.37×	0.45×	0.45×	0.48×	0.51×	0.44×	0.43×	0.52×
P/S	0.13×	0.16×	0.17×	0.22×	0.26×	0.22×	0.17×	0.16×
EV / EBITDA	5.54×	4.55×	2.55×	2.01×	0.5×	7.31×	-0.61×	3.33×
Gross margin	12.7%	37.6%	41.2%	8.2%	8.5%	4.1%	6.9%	36.7%
Operating margin	0.4%	1.8%	2.6%	1.9%	2.1%	-2.2%	2.1%	1.5%
Net margin	1.2%	2.0%	3.0%	1.3%	2.4%	-2.5%	1.8%	3.9%
Current ratio	2.09×	1.86×	1.99×	2.15×	2.99×	2.52×	2.74×	2.49×
Debt / equity	0.46×	0.43×	0.11×	0.15×	0.15×	0.28×	0.09×	0.15×
Interest coverage	0.7×	5.25×	42.18×	15.21×	25.27×	-14.75×	13.23×	7.64×
Dividend yield	5.2%	6.0%	4.7%	9.2%	0.0%	2.8%	2.7%	2.3%
Payout ratio	55.3%	48.1%	26.2%	160.8%	0.0%	-24.1%	25.3%	9.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.5%	5.6%	7.9%	2.8%	4.7%	-5.0%	4.5%	12.8%
Return on invested capital	0.6%	2.7%	4.2%	2.3%	2.4%	-2.8%	3.2%	2.7%
Return on assets	1.5%	2.2%	3.7%	1.3%	2.6%	-2.7%	2.5%	6.6%
Free cash flow yield	29.4%	30.4%	-40.5%	-18.3%	-21.6%	13.2%	61.5%	14.7%
Earnings yield	9.4%	12.4%	17.8%	5.7%	9.3%	-11.5%	10.6%	24.8%
Enterprise value	€12.1M	€17M	€9.8M	€3.9M	€1.4M	-€1.9M	-€1.8M	€9M
Net debt / EBITDA	0.44×	1.12×	-0.67×	-4.53×	-4.53×	49.5×	-4.54×	-1.68×
Cash conversion cycle (days)	129	237	244	146	132	115	104	133