KKO International S.A. (ALKKO.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

-40906.0%

-€22.12

vs €0.05 price

Levered DCF

-€61.69

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.9

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	FY2019	FY2018
P/E	209×	19.78×	-4.12×	-30×	-177.25×	-7.61×	-1.68×	-0.93×
P/B	1.53×	2.77×	2.08×	1.67×	2.03×	2.27×	0.77×	1.25×
P/S	0.9×	2.65×	5.12×	13.62×	24.03×	42.32×	12.3×	7.43×
EV / EBITDA	15.41×	10.09×	-12.06×	46.02×	18.22×	-11.47×	-3.93×	-4.28×
Gross margin	22.2%	81.5%	8.1%	-132.1%	-32.3%	-262.6%	-303.0%	-12.9%
Operating margin	3.3%	37.6%	-86.8%	-188.8%	-406.5%	-663.2%	-532.5%	-757.8%
Net margin	0.5%	13.2%	-124.3%	-45.0%	-14.2%	-555.1%	-732.9%	-800.4%
Current ratio	1.18×	0.9×	1.17×	0.38×	0.23×	0.27×	0.22×	0.08×
Debt / equity	0.65×	0.87×	1.62×	0.53×	0.6×	0.29×	0.31×	2.64×
Interest coverage	0.67×	6.23×	-3.46×	-117.28×	-200.66×	-38.83×	-3.25×	-7.36×
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	0.8%	13.8%	-50.5%	-5.5%	-1.2%	-29.8%	-45.7%	-134.1%
Return on invested capital	0.3%	10.8%	-11.8%	-12.9%	2.4%	-23.9%	-22.1%	-31.7%
Return on assets	0.3%	4.7%	-14.6%	-2.5%	-0.5%	-15.6%	-25.1%	-26.3%
Free cash flow yield	-10.1%	-1.3%	-28.2%	-13.7%	-21.7%	-17.8%	-66.4%	-106.8%
Earnings yield	0.5%	5.0%	-24.3%	-3.3%	-0.6%	-13.1%	-59.6%	-107.7%
Enterprise value	€23.5M	€32M	€19.5M	€19.8M	€19.4M	€17.6M	€7.4M	€7.5M
Net debt / EBITDA	4.51×	2.31×	-4.68×	10.8×	3.98×	-1.24×	-1.1×	-2.9×
Cash conversion cycle (days)	132	253	283	327	-13	436	368	-356