Streamwide S.A. (ALSTW.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

-95.6%

€2.74

vs €63.00 price

Levered DCF

€16.27

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.72

Safe zone

Rating

B+

Overall 3 / 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	32.65×	17.94×	14.03×	14.22×	24.39×	22.07×	29.5×	-22.5×
P/B	6.38×	3.36×	2.6×	2.29×	5.41×	4.53×	3.45×	2.13×
P/S	7.77×	3.97×	2.99×	2.75×	5.97×	5.18×	3.32×	3.22×
EV / EBITDA	13.49×	6.83×	4.75×	4.84×	9.86×	9.18×	8.38×	20.73×
Gross margin	36.5%	73.7%	67.0%	63.7%	34.2%	34.4%	62.6%	52.3%
Operating margin	25.7%	27.3%	28.9%	24.9%	29.4%	28.8%	11.9%	-14.8%
Net margin	23.8%	22.4%	21.4%	19.3%	24.5%	23.4%	11.2%	-14.4%
Current ratio	2.24×	2.22×	2.6×	2.13×	1.99×	1.94×	1.33×	1.76×
Debt / equity	0.3×	0.44×	0.52×	0.28×	0.2×	0.29×	0.27×	0.13×
Interest coverage	14.58×	12.33×	13.12×	41.71×	71.2×	42.36×	12.78×	-20×
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	19.6%	18.9%	18.6%	16.1%	22.2%	20.5%	11.6%	-9.5%
Return on invested capital	12.1%	10.7%	11.2%	11.1%	15.4%	15.9%	8.2%	-7.7%
Return on assets	10.0%	8.7%	8.6%	8.7%	11.9%	10.5%	5.6%	-5.2%
Free cash flow yield	2.6%	1.4%	-0.7%	0.3%	0.9%	0.6%	7.7%	-9.4%
Earnings yield	3.1%	5.6%	7.2%	7.0%	4.1%	4.5%	3.4%	-4.5%
Enterprise value	€198M	€79.3M	€54.4M	€42.9M	€95.4M	€67.4M	€32.6M	€20.4M
Net debt / EBITDA	-0.42×	-0.35×	-0.34×	-0.62×	-0.46×	-0.67×	-0.34×	-1.36×
Cash conversion cycle (days)	111	175	205	98	132	160	86	310