Uniti S.A. (ALUNT.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

+3690.9%

€38.29

vs €1.01 price

Levered DCF

-€107.45

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.44

Distress zone

Rating

C+

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	3,300×	18.74×	39.47×	116.13×	80.59×	41.84×	19.08×	36.6×
P/B	0.72×	0.66×	1.8×	1.74×	3.21×	2.75×	3.11×	14.47×
P/S	0.3×	0.23×	0.18×	0.18×	0.27×	0.31×	0.44×	0.72×
EV / EBITDA	57.78×	7.38×	11.27×	10.09×	18.72×	10.51×	19.39×	23.97×
Gross margin	10.9%	11.0%	8.3%	6.6%	6.6%	11.2%	7.1%	7.8%
Operating margin	1.4%	6.8%	4.9%	4.7%	3.7%	6.9%	3.9%	9.1%
Net margin	0.0%	1.2%	0.5%	0.2%	0.3%	0.7%	2.3%	2.0%
Current ratio	9.09×	1.67×	1.42×	1.41×	1.55×	1.5×	1.56×	1.59×
Debt / equity	1.73×	1.73×	6.89×	5.7×	9.48×	7.41×	5.69×	12.07×
Interest coverage	0.78×	2.15×	2.04×	5.12×	3.01×	16.96×	2.72×	0×
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	0.0%	3.5%	4.6%	1.5%	4.0%	6.6%	16.1%	39.5%
Return on invested capital	-0.2%	4.4%	3.8%	6.0%	3.6%	7.3%	3.1%	5.3%
Return on assets	0.0%	0.6%	0.3%	0.1%	0.2%	0.4%	1.4%	1.4%
Free cash flow yield	-35.5%	-50.2%	-40.8%	-53.8%	-24.4%	19.7%	-84.8%	-18.5%
Earnings yield	0.0%	5.3%	2.5%	0.9%	1.2%	2.4%	5.2%	2.7%
Enterprise value	€107.2M	€83M	€95.7M	€80.1M	€73.3M	€59.4M	€71.5M	€60.9M
Net debt / EBITDA	35.23×	4.02×	7.78×	6.64×	11.76×	6.13×	11.05×	9.39×
Cash conversion cycle (days)	407	315	283	268	289	343	362	255