Delfingen Industry S.A. (ALDEL.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

+1346.5%

€455.65

vs €31.50 price

Levered DCF

€707.23

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.63

Distress zone

Rating

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	6.99×	-384.82×	18.64×	14.31×	7.8×	1.79×	5.66×	8.03×
P/B	0.61×	0.26×	0.88×	0.8×	0.91×	0.69×	0.64×	0.68×
P/S	0.22×	0.09×	0.28×	0.28×	0.35×	0.34×	0.21×	0.22×
EV / EBITDA	3.91×	4.7×	6.35×	6.37×	5.2×	2.75×	4.28×	5.85×
Gross margin	16.5%	37.6%	37.5%	34.0%	50.5%	57.0%	54.3%	51.8%
Operating margin	7.7%	3.8%	5.2%	4.3%	6.7%	22.2%	6.7%	5.3%
Net margin	3.1%	-0.0%	1.5%	2.0%	4.4%	15.8%	3.7%	2.7%
Current ratio	1.55×	1.52×	1.52×	1.72×	1.71×	1.54×	1.47×	1.51×
Debt / equity	1.05×	1.14×	1.15×	0.99×	0.94×	1.1×	1.09×	0.95×
Interest coverage	3.15×	1.72×	2.93×	4.87×	6.29×	7.89×	5.07×	3.97×
Dividend yield	2.3%	7.8%	1.3%	2.5%	0.8%	0.0%	2.8%	4.9%
Payout ratio	15.9%	-2537.3%	24.2%	36.2%	6.2%	0.0%	16.1%	39.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.7%	-0.1%	4.7%	5.6%	11.7%	32.7%	11.3%	8.5%
Return on invested capital	6.5%	-0.0%	3.6%	3.5%	6.7%	19.3%	6.8%	5.6%
Return on assets	3.5%	-0.0%	1.8%	2.3%	4.9%	11.6%	4.2%	3.3%
Free cash flow yield	35.7%	58.8%	24.1%	-10.6%	9.6%	4.4%	26.2%	3.3%
Earnings yield	14.3%	-0.3%	5.4%	7.0%	12.8%	47.3%	17.7%	12.4%
Enterprise value	€213.9M	€184.4M	€275.9M	€244.5M	€229.6M	€184.8M	€117.8M	€101.5M
Net debt / EBITDA	2.3×	3.72×	3.39×	3.34×	2.35×	1.54×	2.52×	3.18×
Cash conversion cycle (days)	76	84	83	107	106	92	79	80