Lanson-BCC (ALLAN.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

+616.7%

€186.35

vs €26.00 price

Levered DCF

€1.57

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.13

Distress zone

Rating

B-

Overall 3 / 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	13.06×	9.75×	7.41×	5.63×	10.36×	23.78×	18.59×	16.65×
P/B	0.56×	0.62×	0.77×	0.67×	0.66×	0.53×	0.65×	0.75×
P/S	0.93×	0.91×	1×	0.75×	0.74×	0.68×	0.75×	0.76×
EV / EBITDA	16.4×	13.02×	11.47×	10.71×	17.47×	35.03×	29×	26.41×
Gross margin	50.6%	48.8%	51.4%	45.5%	37.4%	35.4%	37.1%	35.5%
Operating margin	16.6%	19.0%	21.7%	19.3%	11.5%	6.0%	7.0%	7.9%
Net margin	6.9%	9.3%	13.5%	13.4%	7.1%	2.9%	4.0%	4.6%
Current ratio	1.81×	2.4×	2.13×	1.64×	2.31×	1.89×	1.84×	1.56×
Debt / equity	1.45×	1.41×	1.44×	1.5×	1.62×	1.88×	1.93×	1.89×
Interest coverage	2.23×	2.96×	5.74×	12.81×	7.91×	3.35×	4.41×	5.55×
Dividend yield	2.8%	3.1%	2.4%	2.2%	0.7%	0.0%	1.9%	1.7%
Payout ratio	36.9%	30.6%	18.1%	12.6%	7.3%	0.0%	35.1%	28.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.2%	6.4%	10.4%	12.0%	6.4%	2.2%	3.5%	4.5%
Return on invested capital	2.9%	3.8%	4.9%	5.0%	2.6%	1.0%	1.4%	1.8%
Return on assets	1.5%	2.3%	3.6%	3.9%	2.1%	0.7%	1.0%	1.2%
Free cash flow yield	-2.3%	3.6%	-5.4%	18.3%	28.6%	10.7%	-4.2%	-0.2%
Earnings yield	7.5%	10.3%	13.5%	17.8%	9.6%	4.2%	5.4%	6.0%
Enterprise value	€772.2M	€750.2M	€773.9M	€684.8M	€682.9M	€684.9M	€731.9M	€741.7M
Net debt / EBITDA	11.81×	8.99×	7.44×	7.3×	12.33×	27.26×	21.58×	18.87×
Cash conversion cycle (days)	1,768	1,539	1,439	1,104	1,031	1,315	1,208	1,029