Enogia SAS (ALENO.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

-1184.3%

-€57.68

vs €5.32 price

Levered DCF

-€22.67

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.59

Distress zone

Rating

C-

Overall 1 / 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	192.86×	-12.87×	-4.44×	-3.86×	-18.1×	-20.76×	-58.33×	0×
P/B	4.76×	1.62×	1.38×	3.38×	5.3×	101.68×	18.47×	0×
P/S	2.7×	1.21×	1.53×	3.28×	11.47×	14.88×	10.07×	0×
EV / EBITDA	49.63×	65.3×	-10.02×	-4.79×	-23.48×	-29.84×	-1,640.54×	0×
Gross margin	12.4%	42.4%	31.1%	-67.6%	16.7%	2.5%	31.8%	0.0%
Operating margin	-5.3%	-12.1%	-39.1%	-100.2%	-69.6%	-84.8%	-14.3%	0.0%
Net margin	1.4%	-9.6%	-34.7%	-85.2%	-62.8%	-71.6%	-12.4%	0.0%
Current ratio	2.74×	2.09×	2.06×	1.56×	2.65×	1.12×	1.16×	2.89×
Debt / equity	1.02×	0.93×	0.51×	0.93×	0.42×	13.33×	1.51×	0.75×
Interest coverage	-2.56×	-3.77×	-19.02×	-79.64×	-8.65×	-24.07×	-8.39×	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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.5%	-12.9%	-31.4%	-88.0%	-29.0%	-489.2%	-22.8%	0.0%
Return on invested capital	1.5%	-4.6%	-17.6%	-39.8%	-20.2%	-34.2%	-8.2%	0.0%
Return on assets	0.7%	-4.4%	-14.7%	-26.3%	-15.9%	-20.1%	-5.9%	0.0%
Free cash flow yield	0.0%	0.0%	0.0%	8.7%	-8.9%	-5.3%	-3.9%	0.0%
Earnings yield	0.5%	-8.0%	-22.7%	-26.0%	-5.5%	-4.8%	-1.2%	0.0%
Enterprise value	€37.2M	€16.6M	€13.4M	€19.2M	€46.2M	€46.1M	€44.3M	€1.5M
Net debt / EBITDA	4.37×	17.53×	-1.91×	-0.64×	1.31×	-3.07×	-107.85×	0×
Cash conversion cycle (days)	225	268	270	413	296	474	147	0