Sogeclair S.A. (ALSOG.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

+327.1%

€114.46

vs €26.80 price

Levered DCF

€195.64

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

2.32

Grey 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	13.8×	12.03×	17.99×	30.62×	27.91×	-4.38×	14.95×	9.83×
P/B	1.61×	1.09×	1.15×	1.26×	1.51×	1.51×	1.44×	1.2×
P/S	0.52×	0.34×	0.38×	0.45×	0.61×	0.51×	0.47×	0.39×
EV / EBITDA	4.88×	3.76×	4.76×	6.1×	13.63×	41.71×	6.97×	5.37×
Gross margin	4.2%	56.7%	54.0%	-1.2%	-1.5%	-4.7%	58.0%	2.5%
Operating margin	5.8%	4.5%	4.7%	3.5%	3.4%	-10.8%	4.8%	3.8%
Net margin	3.6%	2.8%	2.1%	1.5%	2.2%	-11.6%	2.7%	4.0%
Current ratio	1.78×	1.69×	1.68×	1.59×	1.7×	1.32×	0.18×	1.66×
Debt / equity	0.51×	0.63×	0.79×	0.61×	0.66×	1.31×	0.68×	0.87×
Interest coverage	8.56×	5.7×	6.48×	4.55×	6.99×	-8.87×	8.18×	19.42×
Dividend yield	3.5%	5.4%	4.9%	4.5%	1.2%	4.3%	2.1%	2.8%
Payout ratio	51.3%	64.8%	88.6%	139.4%	33.9%	-18.6%	37.2%	27.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.1%	9.0%	6.4%	4.1%	5.4%	-34.5%	8.2%	12.3%
Return on invested capital	7.9%	6.6%	5.5%	3.5%	3.4%	-12.7%	397.8%	5.0%
Return on assets	3.9%	2.9%	2.0%	1.4%	1.8%	-8.7%	3.0%	4.0%
Free cash flow yield	18.3%	28.7%	7.0%	-4.3%	-4.0%	34.2%	5.8%	-8.1%
Earnings yield	6.9%	8.3%	5.5%	3.2%	3.6%	-22.8%	5.7%	10.2%
Enterprise value	€85.8M	€63.7M	€75.2M	€71.5M	€77.8M	€70.9M	€115.3M	€87.4M
Net debt / EBITDA	0.18×	0.62×	1.22×	0.9×	0.76×	4.89×	1.73×	1.56×
Cash conversion cycle (days)	96	112	113	124	122	120	98	123