Soditech (ALSEC.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

-308.5%

-€10.55

vs €5.06 price

Levered DCF

€0.62

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.35

Safe 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	6.22×	-246.84×	267.12×	45×	48.75×	251.07×	154.76×	30.79×
P/B	3.07×	4.75×	4.6×	4.73×	6.46×	8.89×	9.42×	10.03×
P/S	1.17×	2.35×	2.9×	2.9×	3.32×	3.54×	3.41×	2.74×
EV / EBITDA	8.78×	-94.98×	-202.49×	589.52×	135.65×	127.33×	167.04×	45.43×
Gross margin	68.4%	80.1%	95.2%	97.6%	98.5%	0.7%	-3.6%	9.3%
Operating margin	10.3%	-6.4%	-4.7%	3.1%	-0.4%	0.7%	0.0%	4.6%
Net margin	18.9%	-1.0%	1.1%	6.4%	7.0%	1.4%	2.2%	9.1%
Current ratio	1.48×	1.33×	1.3×	1.74×	2.12×	2.11×	0.91×	1.02×
Debt / equity	0.14×	0.69×	0.56×	0.65×	0.78×	1.23×	0.46×	0.23×
Interest coverage	11.34×	-4.07×	-8.16×	5.5×	-1.36×	0.86×	0.07×	17.19×
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	49.5%	-1.9%	1.7%	10.4%	13.6%	3.5%	6.1%	33.1%
Return on invested capital	17.9%	-0.9%	0.9%	-36.6%	-0.4%	-0.2%	-0.0%	10.5%
Return on assets	19.0%	-0.7%	0.8%	4.8%	5.9%	1.2%	2.6%	11.3%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	16.1%	-0.4%	0.4%	2.2%	2.1%	0.4%	0.6%	3.3%
Enterprise value	€11.9M	€15.1M	€14.6M	€14.5M	€15.5M	€15.2M	€15M	€14.3M
Net debt / EBITDA	-1.04×	-11.11×	-18.33×	47.34×	8.87×	8.08×	4.93×	-0.8×
Cash conversion cycle (days)	108	233	490	89	2,464	112	59	74