Fountaine Pajot S.A. (ALFPC.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

+289.2%

€332.41

vs €85.40 price

Levered DCF

€409.31

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.62

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	5.79×	5.06×	17.27×	10.68×	16.81×	15.64×	14.72×	22.66×
P/B	1.29×	1.57×	2.51×	2.4×	3.37×	2.05×	3.56×	6.22×
P/S	0.54×	0.48×	0.71×	0.77×	0.96×	0.64×	0.78×	1.71×
EV / EBITDA	1.51×	1.99×	3.67×	3.86×	5.92×	4.33×	6.17×	12.34×
Gross margin	15.8%	51.5%	17.4%	16.9%	18.0%	51.3%	47.8%	55.4%
Operating margin	10.3%	12.7%	7.4%	11.8%	11.6%	7.2%	9.9%	11.4%
Net margin	9.3%	9.5%	4.1%	7.2%	5.7%	4.1%	5.3%	7.5%
Current ratio	7.3×	1.42×	1.22×	1.18×	0.99×	1.29×	1.12×	1.1×
Debt / equity	0.31×	0.33×	0.34×	0.42×	0.6×	0.78×	0.92×	1.13×
Interest coverage	22.28×	-406.94×	23.54×	19.64×	25.9×	12.89×	16.18×	29.1×
Dividend yield	2.4%	2.2%	1.7%	1.8%	1.4%	2.5%	1.4%	0.8%
Payout ratio	13.8%	10.9%	29.2%	19.2%	23.4%	39.3%	21.3%	19.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	22.3%	31.0%	14.5%	22.5%	20.0%	13.1%	24.2%	27.4%
Return on invested capital	7.1%	20.5%	9.4%	15.9%	13.1%	7.3%	13.8%	11.7%
Return on assets	9.3%	10.9%	3.9%	5.9%	5.3%	4.0%	6.1%	6.3%
Free cash flow yield	-8.0%	-5.7%	9.7%	27.3%	26.3%	11.7%	9.3%	11.9%
Earnings yield	17.3%	19.8%	5.8%	9.4%	5.9%	6.4%	6.8%	4.4%
Enterprise value	€86.7M	€133.1M	€156M	€130.8M	€193.4M	€118.6M	€185.1M	€260.8M
Net debt / EBITDA	-1.5×	-0.54×	-0.98×	-1.16×	-0.05×	0.26×	0.75×	1.27×
Cash conversion cycle (days)	87	81	42	47	28	59	41	96