EuropaCorp (ALECP.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

-99.2%

€0.00

vs €0.22 price

Levered DCF

-€0.07

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.27

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-23.5×	-11.68×	49×	1,180×	3.78×	0.63×	-0.23×	-0.36×
P/B	-11.24×	-24.87×	15.11×	93.07×	744.38×	-4.37×	-0.11×	-0.4×
P/S	1.8×	1.84×	1.19×	1.94×	1.83×	1.86×	0.31×	0.27×
EV / EBITDA	6.93×	4.49×	3.15×	5.17×	4.66×	0.83×	-7.94×	1.26×
Gross margin	33.7%	13.8%	35.2%	46.1%	53.6%	45.7%	30.7%	18.3%
Operating margin	1.1%	-10.8%	3.4%	9.2%	53.8%	8.9%	-84.7%	-47.9%
Net margin	-7.7%	-15.7%	2.4%	0.2%	47.2%	295.5%	-136.2%	-73.9%
Current ratio	1.04×	1.37×	2.15×	1.96×	1.99×	1.34×	0.28×	0.32×
Debt / equity	-13.3×	-30.5×	26.9×	105.4×	1,085.89×	-5.68×	-1.11×	-1.82×
Interest coverage	0.19×	-1.06×	0.27×	1.08×	7.35×	0.85×	-3.2×	0×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	47.8%	211.9%	30.7%	7.4%	19140.2%	-693.3%	48.5%	109.9%
Return on invested capital	0.5%	-4.5%	1.4%	0.7%	18.1%	3.7%	-172.4%	-75.9%
Return on assets	-2.6%	-4.6%	0.8%	0.0%	12.8%	87.1%	-49.2%	-48.7%
Free cash flow yield	3.7%	-14.6%	-11.7%	7.5%	27.3%	3.1%	143.1%	222.0%
Earnings yield	-4.3%	-8.5%	2.0%	0.1%	25.7%	158.6%	-434.3%	-274.8%
Enterprise value	€81.8M	€89.3M	€71M	€99.1M	€98.7M	€130.8M	€189.3M	€199.3M
Net debt / EBITDA	2.95×	1.57×	1.28×	1.38×	1.6×	0.34×	-7.02×	1.01×
Cash conversion cycle (days)	-196	-147	-28	-87	-161	-245	-164	16