genOway S.A. (ALGEN.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

+268.5%

€7.52

vs €2.04 price

Levered DCF

-€6.42

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

1.16

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	36.38×	19.74×	27.06×	45.35×	-117.21×	-31×	-6.94×	22.2×
P/B	1.35×	1.91×	2.39×	2.18×	2.57×	2.34×	1.07×	1.61×
P/S	1.61×	1.61×	2.07×	2.07×	2.7×	1.91×	0.51×	0.85×
EV / EBITDA	9.46×	8.46×	7.01×	42.07×	-22.94×	-11.33×	20.24×	-12.75×
Gross margin	48.9%	-8.5%	93.8%	-7.7%	-26.7%	-26.9%	57.1%	57.6%
Operating margin	3.2%	8.2%	10.3%	5.6%	-32.8%	-34.8%	-4.0%	3.9%
Net margin	4.4%	8.3%	7.8%	4.6%	-2.3%	-6.2%	-7.3%	3.8%
Current ratio	3.14×	2.03×	2.11×	2.83×	2.99×	1.83×	1.48×	1.82×
Debt / equity	0.55×	0.3×	0.42×	0.56×	0.74×	1.2×	0.88×	0.59×
Interest coverage	2.18×	12.37×	18.94×	7.78×	-16.73×	-22.18×	-2.34×	1.29×
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	3.7%	9.9%	9.0%	4.8%	-2.2%	-7.6%	-15.1%	7.2%
Return on invested capital	1.7%	-6.9%	8.2%	3.7%	-1.4%	-18.8%	-4.5%	4.5%
Return on assets	2.0%	5.8%	4.9%	2.4%	-1.0%	-2.5%	-5.4%	2.9%
Free cash flow yield	-36.6%	8.4%	3.1%	1.2%	-7.5%	-22.3%	16.1%	6.7%
Earnings yield	2.7%	5.1%	3.8%	2.2%	-0.9%	-3.3%	-14.2%	4.5%
Enterprise value	€47M	€36.2M	€44.5M	€39.4M	€43.1M	€29.1M	€12.2M	€14.3M
Net debt / EBITDA	2.66×	0.15×	0.47×	4.44×	-2.78×	-3.13×	8.15×	-1.44×
Cash conversion cycle (days)	110	65	-367	262	141	149	1	-31