Macompta.fr (ALCPA.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

+159.7%

€14.80

vs €5.70 price

Levered DCF

-€3.49

After debt service

Piotroski score

—

Altman Z-score

—

Rating

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
P/E	16.6×	30.42×	26.09×	27.59×	15.63×
P/B	4.61×	8.19×	8.01×	7.83×	8.9×
P/S	2.88×	5.41×	5.21×	5.13×	7.22×
EV / EBITDA	45.84×	19.46×	16.78×	13.44×	16.04×
Gross margin	1.1%	63.8%	61.4%	63.5%	38.3%
Operating margin	-0.5%	19.5%	24.6%	31.6%	36.9%
Net margin	17.2%	18.1%	20.3%	18.8%	46.1%
Current ratio	2.1×	1.22×	1.2×	2.74×	4.1×
Debt / equity	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×
Dividend yield	4.4%	1.4%	1.4%	0.0%	0.0%
Payout ratio	74.2%	41.0%	35.6%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	27.5%	27.4%	31.2%	28.7%	56.8%
Return on invested capital	-0.6%	25.0%	28.4%	26.9%	39.4%
Return on assets	18.5%	18.1%	20.6%	19.0%	39.8%
Free cash flow yield	0.0%	0.0%	-3.9%	0.0%	0.0%
Earnings yield	6.0%	3.3%	3.9%	3.7%	6.4%
Enterprise value	€13.7M	€21M	€17.3M	€13.3M	€13.3M
Net debt / EBITDA	-4.47×	-0.9×	-0.66×	-0.73×	-0.88×
Cash conversion cycle (days)	5	18	17	-116	51