Artea S.A. (ARTE.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

-602.7%

-€26.39

vs €5.25 price

Levered DCF

-€35.46

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-0.34

Distress zone

Rating

C-

Overall 1 / 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	-2.44×	-7.74×	-2.52×	13.96×	6.77×	5.37×	5.24×	7.28×
P/B	0.65×	0.28×	0.82×	0.99×	0.81×	0.56×	0.67×	1×
P/S	0.7×	0.22×	0.69×	1.43×	0.81×	1.55×	2.22×	1×
EV / EBITDA	-41.85×	11.64×	-22.26×	17.8×	12.15×	8.24×	7.79×	7.94×
Gross margin	-5.3%	92.4%	102.4%	17.8%	20.9%	46.2%	49.8%	21.4%
Operating margin	-14.4%	-1.5%	-9.4%	3.9%	18.1%	50.6%	18.4%	20.0%
Net margin	-28.7%	-5.3%	-27.2%	10.2%	12.5%	30.4%	42.4%	13.8%
Current ratio	0.47×	0.86×	0.75×	0.82×	1.05×	1.11×	1.07×	1.98×
Debt / equity	2.06×	1.68×	2.52×	1.73×	1.45×	1.35×	1.82×	1.68×
Interest coverage	-1.15×	-0.22×	-1.22×	0.73×	4.41×	3.89×	0.99×	3.69×
Dividend yield	0.0%	0.0%	2.2%	1.3%	1.7%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-5.4%	18.7%	11.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-26.7%	-6.9%	-32.7%	7.1%	12.5%	11.0%	12.8%	13.7%
Return on invested capital	-3.7%	-0.4%	-2.8%	1.0%	5.9%	5.5%	1.3%	17.4%
Return on assets	-5.7%	-1.4%	-6.6%	1.8%	3.6%	2.8%	3.5%	3.9%
Free cash flow yield	-65.1%	59.7%	-2.4%	-1.9%	18.0%	21.6%	-16.5%	50.5%
Earnings yield	-41.0%	-24.7%	-39.6%	7.1%	15.5%	19.6%	19.1%	13.7%
Enterprise value	€165M	€152.1M	€275.7M	€292M	€217.4M	€164.4M	€192.4M	€178.9M
Net debt / EBITDA	-31.52×	9.94×	-16.68×	10.98×	7.38×	5.63×	5.51×	4.69×
Cash conversion cycle (days)	141	-1,142	50	228	192	15	245	122