Innelec Multimédia S.A. (ALINN.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

-997.7%

-€16.56

vs €1.85 price

Levered DCF

-€43.72

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.81

Grey 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	-1.79×	-2.17×	19.22×	11.57×	13.46×	2.83×	-11.4×	8.93×
P/B	0.46×	0.5×	0.79×	0.65×	0.68×	0.85×	0.44×	0.7×
P/S	0.06×	0.08×	0.1×	0.09×	0.12×	0.16×	0.08×	0.13×
EV / EBITDA	-38.12×	-28.24×	4.63×	5.25×	8.58×	1.86×	8.99×	4.45×
Gross margin	0.3%	12.8%	12.0%	14.0%	15.9%	15.4%	15.6%	15.7%
Operating margin	-2.6%	-1.8%	1.4%	1.6%	1.1%	1.9%	-0.4%	1.6%
Net margin	-3.6%	-3.6%	0.5%	0.8%	0.9%	5.6%	-0.7%	1.4%
Current ratio	1.1×	1.22×	1.23×	1.25×	1.29×	1.29×	1.23×	1.26×
Debt / equity	1.87×	1.43×	1.05×	1.2×	1.26×	1.21×	0.83×	0.48×
Interest coverage	-3.07×	-1.93×	1.9×	2.76×	2.68×	5.53×	-1.23×	5.78×
Dividend yield	0.0%	0.0%	8.0%	6.3%	14.8%	0.0%	7.0%	0.0%
Payout ratio	0.0%	0.0%	152.6%	71.4%	199.3%	0.0%	-78.2%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-25.9%	-22.9%	4.1%	5.7%	5.0%	30.0%	-4.0%	7.8%
Return on invested capital	-6.3%	-4.7%	3.7%	3.8%	2.8%	4.5%	-1.1%	5.0%
Return on assets	-6.6%	-6.6%	1.1%	1.6%	1.4%	8.9%	-1.4%	2.9%
Free cash flow yield	-20.6%	-123.1%	35.5%	-6.0%	-77.0%	4.8%	-54.5%	12.3%
Earnings yield	-56.1%	-46.1%	5.2%	8.8%	7.4%	35.4%	-8.9%	11.2%
Enterprise value	€22.1M	€23M	€20.5M	€24.8M	€25.5M	€15.7M	€11.1M	€12.4M
Net debt / EBITDA	-26.16×	-16.8×	0.51×	2.02×	3.27×	-0.51×	2.55×	-0.56×
Cash conversion cycle (days)	65	71	26	29	38	36	37	40