Touax (ALTOU.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

+6445.5%

€198.33

vs €3.03 price

Levered DCF

€131.54

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.4

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	16.4×	6.59×	10.81×	7.51×	3.78×	10.98×	-13.59×	-10.61×
P/B	0.4×	0.32×	0.51×	0.62×	0.58×	0.97×	0.38×	0.33×
P/S	0.15×	0.13×	0.2×	0.27×	0.28×	0.4×	0.22×	0.22×
EV / EBITDA	6.76×	5.77×	5.94×	6.06×	5.95×	6.43×	7.2×	8.97×
Gross margin	37.8%	26.8%	40.2%	31.9%	37.8%	38.8%	40.3%	91.2%
Operating margin	20.4%	13.2%	13.2%	14.8%	16.9%	14.2%	8.7%	5.1%
Net margin	0.9%	2.0%	1.8%	3.5%	7.5%	3.6%	-1.6%	-2.1%
Current ratio	1.17×	0.71×	1.59×	1.73×	1.25×	1.67×	0.63×	0.95×
Debt / equity	5.35×	4.49×	4.43×	3.86×	3.92×	4.36×	2.57×	2.15×
Interest coverage	1.73×	1.19×	1.25×	2.03×	2.38×	1.96×	1.2×	0.78×
Dividend yield	3.8%	3.3%	1.8%	3.2%	5.1%	7.7%	14.1%	11.8%
Payout ratio	61.1%	21.8%	19.6%	24.1%	19.3%	84.5%	-193.8%	-126.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.5%	4.8%	4.7%	8.2%	15.3%	8.8%	-2.8%	-3.0%
Return on invested capital	-16.4%	3.3%	4.2%	3.6%	5.7%	5.0%	-4.5%	2.2%
Return on assets	0.3%	0.6%	0.6%	1.3%	2.3%	1.2%	-0.6%	-0.7%
Free cash flow yield	11.5%	-15.8%	49.1%	-25.4%	-76.9%	-18.1%	-10.2%	12.1%
Earnings yield	6.1%	15.1%	9.2%	13.3%	26.5%	9.1%	-7.3%	-9.4%
Enterprise value	€353.6M	€342.7M	€340.7M	€350.5M	€314.8M	€291.7M	€249.4M	€230.4M
Net debt / EBITDA	6.23×	5.34×	5.25×	5.09×	5.05×	5.01×	6.13×	7.64×
Cash conversion cycle (days)	242	281	278	246	387	171	173	1,500