Vaziva Société anonyme (ALVAZ.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

+169.5%

€67.37

vs €25.00 price

Levered DCF

€46.79

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

22.04

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
P/E	45.12×	88×	207.69×	274.06×	769.23×	282.89×	64.52×
P/B	4.78×	5.88×	3.87×	3.27×	11.06×	42.89×	0×
P/S	1.53×	2.7×	2.47×	3.9×	8.24×	11.74×	26.77×
EV / EBITDA	39.05×	67.3×	98.49×	169.62×	447.13×	197.47×	56.86×
Gross margin	7.7%	8.9%	100.0%	6.8%	100.0%	26.2%	83.8%
Operating margin	3.8%	2.9%	1.2%	0.6%	1.5%	6.1%	47.2%
Net margin	3.4%	3.0%	1.2%	1.4%	1.1%	4.2%	41.1%
Current ratio	1.57×	2.65×	4.21×	7.13×	4.99×	1.05×	0×
Debt / equity	0.03×	0.06×	0.1×	0.09×	0.07×	1.3×	0×
Interest coverage	146.13×	47.52×	62.31×	6.2×	0.59×	4.07×	10.88×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.6%	6.6%	1.8%	1.2%	1.4%	15.2%	0.0%
Return on invested capital	10.3%	5.5%	1.7%	0.5%	-2.5%	9.7%	73.5%
Return on assets	7.0%	5.0%	1.6%	1.1%	1.2%	5.7%	0.0%
Free cash flow yield	0.0%	0.0%	0.0%	-1.6%	-0.4%	0.0%	0.0%
Earnings yield	2.2%	1.1%	0.5%	0.4%	0.1%	0.4%	1.5%
Enterprise value	€95M	€105.5M	€66.2M	€56.9M	€48.1M	€51.1M	€48.5M
Net debt / EBITDA	-1.74×	-2.36×	-1.3×	3.17×	-14.98×	5.71×	-1.38×
Cash conversion cycle (days)	8	13	25	91	92	130	-44