Poujoulat S.A. (ALPJT.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

-56.1%

€2.57

vs €5.86 price

Levered DCF

-€23.55

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.39

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	-15.02×	49.05×	14.36×	7.96×	11.32×	10.36×	21.4×	108.21×
P/B	0.47×	0.62×	1×	1.54×	1.54×	0.76×	0.5×	0.8×
P/S	0.17×	0.23×	0.37×	0.48×	0.52×	0.28×	0.17×	0.29×
EV / EBITDA	13.82×	9.38×	8.28×	5.68×	6.34×	6.16×	7.93×	11.1×
Gross margin	12.1%	50.8%	49.9%	19.6%	19.6%	17.2%	15.6%	34.2%
Operating margin	-0.8%	1.2%	4.1%	8.4%	6.9%	4.0%	1.0%	1.0%
Net margin	-1.1%	0.5%	2.6%	6.1%	4.6%	2.7%	0.8%	0.3%
Current ratio	1.56×	1.64×	2.28×	2.37×	2.11×	2.64×	2.5×	1.54×
Debt / equity	0.97×	0.85×	0.85×	0.64×	0.7×	0.86×	0.85×	0.64×
Interest coverage	-0.7×	1.15×	4.58×	20.25×	15.8×	9.55×	2.52×	2.82×
Dividend yield	1.5%	1.9%	1.9%	0.9%	0.7%	1.2%	1.9%	1.5%
Payout ratio	-23.0%	92.0%	26.8%	7.1%	8.3%	12.0%	40.4%	162.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-3.1%	1.3%	7.0%	19.7%	13.6%	7.4%	2.3%	0.7%
Return on invested capital	-0.7%	1.1%	4.0%	11.3%	7.5%	3.9%	1.0%	1.1%
Return on assets	-1.2%	0.5%	3.0%	8.5%	5.5%	2.9%	0.9%	0.3%
Free cash flow yield	8.9%	14.5%	-21.9%	-8.3%	7.1%	5.4%	-27.1%	-2.4%
Earnings yield	-6.7%	2.1%	7.1%	12.8%	8.8%	9.7%	4.6%	0.9%
Enterprise value	€170.3M	€186.3M	€234.8M	€262.4M	€205.6M	€127.9M	€103.8M	€116.5M
Net debt / EBITDA	9.08×	5.31×	3.67×	1.5×	1.47×	2.91×	4.73×	4.8×
Cash conversion cycle (days)	117	160	187	106	95	124	115	114