NetMedia Group société anonyme (ALNMG.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

-267.3%

-€0.56

vs €0.33 price

Levered DCF

-€0.41

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-1.19

Distress zone

Rating

—

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
P/E	-1,806.31×	-300×	-106.12×	-1,522.22×	-2,775×	-1,891.43×	3,582.52×	5,716.94×
P/B	67.66×	139×	204.26×	89.93×	141.29×	170.19×	126.19×	174.25×
P/S	62.88×	96.47×	73.93×	67.3×	99.45×	99.23×	64.69×	86.18×
EV / EBITDA	-3,039.05×	-661.96×	-127.1×	-1,826.38×	-4,145.04×	-1,365.74×	2,130.69×	2,848.57×
Gross margin	78.8%	75.8%	77.2%	82.7%	60.0%	61.0%	66.0%	64.0%
Operating margin	-3.5%	-22.4%	-32.1%	-5.7%	-3.5%	-5.2%	2.2%	1.6%
Net margin	-3.5%	-32.2%	-69.7%	-4.4%	-3.6%	-5.2%	1.9%	1.5%
Current ratio	0.69×	0.55×	0.48×	0.93×	1.3×	1.05×	0.97×	0.98×
Debt / equity	0.1×	0.29×	1.09×	0.35×	0.37×	0.45×	0.35×	0.36×
Interest coverage	-14.83×	-2.97×	-19.08×	-4.85×	-3.3×	-6.16×	3.3×	2.06×
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	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Return on equity	-3.8%	-46.3%	-192.5%	-5.9%	-5.1%	-9.0%	3.7%	3.0%
Return on invested capital	-3.1%	-24.2%	-41.5%	-3.5%	-2.8%	-3.7%	3.1%	2.4%
Return on assets	-2.2%	-20.2%	-53.9%	-3.1%	-2.7%	-4.1%	1.7%	1.3%
Free cash flow yield	-0.2%	-0.1%	-0.3%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%
Earnings yield	-0.1%	-0.3%	-0.9%	-0.1%	-0.0%	-0.1%	0.0%	0.0%
Enterprise value	€610.8M	€946.6M	€1B	€1.2B	€1.9B	€1.9B	€1.4B	€1.9B
Net debt / EBITDA	4.65×	-0.49×	-0.6×	-5.73×	-6.15×	-2.46×	5.03×	3.78×
Cash conversion cycle (days)	-181	-336	-239	-367	12	-151	-140	-151