U10 Corp (ALU10.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

+745.0%

€10.82

vs €1.28 price

Levered DCF

€1.74

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.39

Grey 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	16.3×	40.65×	117.02×	-1,366.67×	12.73×	-8.69×	10.88×	31.67×
P/B	0.55×	0.63×	0.47×	0.51×	0.79×	0.62×	0.72×	0.93×
P/S	0.13×	0.15×	0.11×	0.11×	0.18×	0.16×	0.17×	0.2×
EV / EBITDA	6.32×	4.64×	6.19×	14.93×	10.64×	-80.03×	10.15×	21.06×
Gross margin	17.7%	28.8%	28.1%	15.2%	17.5%	16.0%	17.6%	30.9%
Operating margin	2.7%	2.5%	1.9%	0.9%	2.8%	0.1%	2.2%	1.2%
Net margin	0.8%	0.4%	0.1%	-0.0%	1.4%	-1.9%	1.6%	0.6%
Current ratio	1.64×	1.59×	1.58×	1.68×	1.87×	2.23×	1.52×	1.65×
Debt / equity	0.84×	0.91×	1.08×	1.18×	1.04×	0.99×	1.36×	1.7×
Interest coverage	1.92×	1.4×	1.19×	1.73×	4.26×	0.19×	3.77×	1.75×
Dividend yield	0.7%	0.7%	7.2%	0.0%	0.6%	0.7%	0.4%	8.5%
Payout ratio	11.0%	27.0%	845.3%	-25.0%	7.3%	-6.2%	4.4%	270.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.4%	1.6%	0.4%	-0.0%	6.2%	-7.1%	6.7%	2.9%
Return on invested capital	3.8%	5.1%	4.0%	1.8%	4.3%	0.2%	3.3%	1.5%
Return on assets	1.2%	0.5%	0.1%	-0.0%	2.0%	-2.3%	2.1%	0.8%
Free cash flow yield	21.2%	14.0%	61.9%	23.6%	-47.9%	62.6%	53.2%	-12.5%
Earnings yield	6.1%	2.5%	0.9%	-0.1%	7.9%	-11.5%	9.3%	3.2%
Enterprise value	€37.4M	€44.4M	€40.1M	€52.3M	€68.8M	€44.4M	€65.7M	€90.7M
Net debt / EBITDA	2.52×	1.96×	3.29×	8.93×	5.6×	-37.05×	5.52×	12.62×
Cash conversion cycle (days)	124	131	157	159	166	152	154	198