Entech S.A. (ALESE.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

-4755.6%

-€391.07

vs €8.40 price

Levered DCF

-€190.72

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.24

Grey zone

Rating

C+

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
P/E	163.92×	-108.73×	-23.8×	-166.99×	-338.07×	-192.09×	171.72×
P/B	4.18×	3.4×	2.61×	4.19×	3.44×	29.38×	25.81×
P/S	1.56×	1.86×	1.52×	3.6×	4.51×	10.14×	16.91×
EV / EBITDA	22.91×	52.21×	-74.28×	-238.16×	104.83×	-296.44×	339.57×
Gross margin	30.0%	7.9%	17.8%	3.9%	19.0%	14.3%	48.2%
Operating margin	5.2%	-1.3%	-7.0%	-3.3%	-2.4%	-17.6%	-2.0%
Net margin	3.1%	-1.7%	-6.4%	-2.2%	-1.3%	-5.3%	9.8%
Current ratio	1.46×	1.8×	1.73×	3.72×	7.35×	4.06×	4.5×
Debt / equity	1.42×	0.57×	0.64×	0.22×	0.38×	3.11×	1.07×
Interest coverage	2.59×	-0.39×	-10.77×	-11.34×	-1.46×	-13.78×	-1.72×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-14.4%	89.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	8.2%	-3.1%	-11.0%	-2.5%	-1.0%	-15.3%	15.0%
Return on invested capital	5.2%	-1.0%	-6.2%	-1.8%	-1.2%	-5.5%	3.1%
Return on assets	2.3%	-1.5%	-4.8%	-1.6%	-0.6%	-2.9%	5.5%
Free cash flow yield	8.0%	8.6%	-16.5%	-4.6%	-8.5%	-4.6%	-3.0%
Earnings yield	2.0%	-0.9%	-4.2%	-0.6%	-0.3%	-0.5%	0.6%
Enterprise value	€125.3M	€89.1M	€76.3M	€119M	€86.5M	€103.9M	€99.2M
Net debt / EBITDA	1.58×	1.14×	-6.84×	9.22×	-8.93×	-23.77×	12.31×
Cash conversion cycle (days)	110	221	251	273	350	408	261