Qwamplify (ALQWA.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

+689.5%

€12.63

vs €1.60 price

Levered DCF

€10.55

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.06

Distress zone

Rating

Overall 4 / 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	9.37×	13.94×	-1.61×	24.78×	12.11×	6.46×	12.6×	-71.15×
P/B	0.4×	0.55×	0.62×	0.95×	1.57×	1.23×	1.6×	1.57×
P/S	0.36×	0.39×	0.45×	1×	1.57×	1.36×	1.32×	1.29×
EV / EBITDA	-1.69×	1.31×	1.85×	9.68×	6.12×	4.2×	10.45×	13.39×
Gross margin	54.4%	11.7%	12.8%	18.4%	59.6%	21.9%	21.1%	17.9%
Operating margin	3.4%	3.5%	2.6%	9.0%	15.2%	12.1%	16.1%	9.2%
Net margin	3.7%	2.8%	-27.8%	4.0%	12.9%	21.1%	10.5%	-1.8%
Current ratio	1.15×	1.13×	3.05×	1.13×	1.23×	1.07×	0.94×	1×
Debt / equity	0.13×	0.09×	0.21×	0.18×	0.17×	0.43×	0.48×	0.67×
Interest coverage	14.65×	8.38×	13.61×	63.74×	81.11×	36.2×	18.59×	8.44×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-95.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.1%	4.0%	-38.2%	3.8%	13.0%	19.1%	12.8%	-2.2%
Return on invested capital	2.7%	2.6%	1.9%	4.3%	9.6%	6.3%	10.0%	-1.6%
Return on assets	1.9%	1.9%	-17.1%	1.9%	7.1%	8.5%	4.8%	-0.7%
Free cash flow yield	22.2%	18.5%	21.1%	4.8%	5.1%	3.6%	8.2%	5.2%
Earnings yield	10.4%	7.2%	-61.9%	4.0%	8.3%	15.6%	8.0%	-1.4%
Enterprise value	-€3.4M	€2.5M	€5.5M	€24.9M	€40.3M	€27.5M	€34.4M	€32.4M
Net debt / EBITDA	-6.71×	-5.82×	-3.08×	-2.64×	-1.52×	-1.1×	0.19×	0.78×
Cash conversion cycle (days)	60	107	150	199	116	147	157	175