Hopscotch Global PR Group (ALHOP.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

+338.6%

€53.51

vs €12.20 price

Levered DCF

€47.13

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.58

Distress zone

Rating

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	FY2019	FY2018
P/E	18.84×	10.66×	10.98×	6.82×	5.39×	-2.26×	5.4×	5.61×
P/B	1.25×	1.66×	2.17×	1.91×	1.49×	2.16×	1.26×	0.9×
P/S	0.15×	0.17×	0.18×	0.15×	0.14×	0.16×	0.11×	0.11×
EV / EBITDA	5.44×	4.97×	4.66×	2.25×	2.15×	8.94×	3.93×	3.49×
Gross margin	36.5%	7.2%	10.9%	33.8%	42.9%	43.6%	34.6%	36.3%
Operating margin	2.4%	2.9%	3.7%	3.8%	5.7%	-1.7%	3.1%	3.2%
Net margin	0.8%	1.5%	1.7%	2.3%	2.6%	-7.1%	0.9%	2.0%
Current ratio	1.15×	1.22×	1.17×	1.25×	1.31×	1.32×	1.13×	0.99×
Debt / equity	1.65×	1.84×	2.64×	1.93×	2.92×	4.47×	1.89×	0.5×
Interest coverage	2.6×	3.21×	5.55×	8.33×	9.98×	-2.01×	5.9×	11.2×
Dividend yield	4.9%	3.5%	2.6%	0.0%	0.0%	0.0%	5.7%	6.3%
Payout ratio	92.3%	39.3%	28.9%	0.0%	0.0%	0.0%	69.9%	35.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.6%	14.7%	19.8%	28.0%	27.6%	-95.5%	10.4%	16.1%
Return on invested capital	4.6%	6.3%	7.3%	8.6%	8.3%	-2.8%	7.2%	11.5%
Return on assets	1.1%	2.4%	2.1%	3.2%	2.8%	-7.0%	1.3%	3.2%
Free cash flow yield	9.5%	10.8%	27.3%	22.0%	44.0%	38.3%	16.2%	17.2%
Earnings yield	5.3%	8.9%	9.1%	14.7%	18.6%	-44.3%	8.2%	17.8%
Enterprise value	€62.5M	€76.6M	€59.2M	€31.1M	€18.5M	€21.5M	€33.1M	€15.7M
Net debt / EBITDA	1.98×	1.44×	0.72×	-0.5×	-0.35×	0.79×	1.24×	-0.17×
Cash conversion cycle (days)	-15	22	11	6	106	104	36	5