Bernard Loiseau S.A. (ALDBL.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

+359.3%

€15.25

vs €3.32 price

Levered DCF

-€3.56

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.8

Distress 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	28×	3.29×	47.28×	-8.44×	19.22×	-6.59×	-98.64×	-12×
P/B	1.64×	1.34×	2.29×	2.65×	1.84×	0.45×	0.57×	0.45×
P/S	0.77×	0.77×	0.72×	0.86×	1.01×	0.62×	0.47×	0.4×
EV / EBITDA	32.35×	4.46×	16.19×	-64.45×	6.68×	8.8×	8.66×	17.11×
Gross margin	6.3%	50.2%	51.5%	-1.6%	1.5%	-4.1%	2.1%	78.0%
Operating margin	-2.0%	0.6%	-1.5%	-7.1%	2.0%	-7.5%	0.1%	-4.3%
Net margin	2.7%	23.5%	1.5%	-10.2%	5.2%	-9.4%	-0.5%	-3.4%
Current ratio	1.24×	2.44×	2.46×	0.96×	0.83×	1.1×	0.58×	0.62×
Debt / equity	1.8×	1.45×	3.14×	3.49×	0.74×	0.88×	0.6×	0.59×
Interest coverage	0×	0.26×	-0.46×	-3.22×	0.31×	-5.41×	0.08×	-3.92×
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	5.7%	40.8%	4.8%	-31.6%	9.5%	-6.8%	-0.6%	-3.8%
Return on invested capital	2.7%	0.4%	-1.1%	-6.2%	2.1%	-2.4%	0.0%	-2.3%
Return on assets	1.7%	14.3%	1.0%	-5.8%	4.0%	-2.8%	-0.3%	-1.8%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	-7.5%	21.0%	2.3%
Earnings yield	3.5%	30.4%	2.1%	-11.9%	5.2%	-15.2%	-1.0%	-8.4%
Enterprise value	€13.1M	€11.4M	€13.1M	€12.8M	€6.4M	€7.5M	€8.8M	€8M
Net debt / EBITDA	15.99×	2.02×	8.37×	-29.7×	0.12×	4.33×	3.59×	8.48×
Cash conversion cycle (days)	17	25	24	60	62	33	4	23