Hitechpros S.A. (ALHIT.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

+145.2%

€26.72

vs €10.90 price

Levered DCF

€0.60

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

4.22

Safe 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	15.82×	14.09×	11.88×	10.98×	13.31×	13.76×	14.03×	11.31×
P/B	4.72×	4.7×	4.7×	4.34×	5.31×	5.51×	5.75×	4.96×
P/S	0.96×	0.93×	0.87×	0.88×	1.23×	1.45×	1.57×	1.3×
EV / EBITDA	12.2×	9.14×	7.97×	7.29×	9.27×	9.58×	9.31×	7.44×
Gross margin	7.1%	11.0%	11.7%	10.2%	12.7%	14.8%	16.3%	15.0%
Operating margin	7.1%	8.8%	9.7%	10.4%	12.4%	14.6%	16.3%	16.8%
Net margin	6.0%	6.6%	7.3%	8.0%	9.2%	10.5%	11.2%	11.6%
Current ratio	1.47×	1.86×	1.57×	1.8×	1.65×	1.88×	1.76×	2.18×
Debt / equity	0.01×	0×	0.03×	0.06×	0.12×	0.2×	0.24×	0.35×
Interest coverage	1,666.96×	4,751.34×	647×	1,228.43×	1,494.32×	1,066.55×	588.67×	386.01×
Dividend yield	6.5%	8.4%	7.6%	6.8%	6.8%	7.1%	7.5%	8.5%
Payout ratio	102.0%	118.0%	90.8%	75.3%	90.9%	98.2%	105.3%	95.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	29.9%	33.4%	39.5%	39.5%	39.9%	40.1%	40.9%	43.9%
Return on invested capital	24.5%	26.2%	36.5%	29.6%	34.6%	33.1%	32.8%	30.1%
Return on assets	11.6%	13.5%	15.7%	15.0%	16.2%	17.6%	16.0%	18.1%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.3%	0.3%	0.2%	0.0%
Earnings yield	6.3%	7.1%	8.4%	9.1%	7.5%	7.3%	7.1%	8.9%
Enterprise value	€24.9M	€23.4M	€25.2M	€21.9M	€25.8M	€26M	€26.8M	€23.6M
Net debt / EBITDA	-0.28×	-0.8×	-0.55×	-0.71×	-0.25×	-0.15×	-0.24×	-0.17×
Cash conversion cycle (days)	13	-12	-12	-11	-8	3	3	-0