Louis Hachette Group S.A. (ALHG.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

+22139.6%

€391.42

vs €1.76 price

Levered DCF

€748.56

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.14

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	78×	115.27×	12.91×	11.83×	52.21×	0×
P/B	0.78×	0.64×	0.69×	0.71×	0.95×	0×
P/S	0.18×	0.16×	1.44×	4.4×	7.26×	0×
EV / EBITDA	4.51×	4.55×	51.37×	5.68×	57.49×	0×
Gross margin	45.6%	53.8%	51.0%	39.4%	41.8%	0.0%
Operating margin	5.9%	5.2%	3.5%	10.3%	10.3%	0.0%
Net margin	0.2%	0.1%	11.2%	35.9%	13.9%	0.0%
Current ratio	0.79×	0.72×	0.55×	0.32×	0.26×	0×
Debt / equity	2.33×	2.07×	2.51×	0.1×	0.14×	0×
Interest coverage	2.46×	1.78×	1.31×	11×	3.33×	0×
Dividend yield	3.4%	3.7%	0.0%	0.0%	0.0%	0.0%
Payout ratio	268.2%	423.1%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	1.0%	0.6%	5.4%	5.8%	1.8%	0.0%
Return on invested capital	3.7%	1.9%	0.3%	1.4%	1.0%	0.0%
Return on assets	0.2%	0.1%	0.9%	4.9%	1.5%	0.0%
Free cash flow yield	62.7%	66.8%	12.3%	1.6%	1.3%	0.0%
Earnings yield	1.3%	0.9%	7.8%	8.2%	1.9%	0.0%
Enterprise value	€6.2B	€5.9B	€6.1B	€1.6B	€1.6B	€0
Net debt / EBITDA	3.26×	3.41×	39.43×	0.68×	7.18×	0×
Cash conversion cycle (days)	-16	91	234	-6	20	0