Arverne Group (ARVEN.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

-383.0%

-€17.27

vs €6.10 price

Levered DCF

-€17.52

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.91

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
P/E	-9.61×	-16.08×	-4.06×	-89.55×	-0.08×	0.07×
P/B	1.41×	1.03×	1.29×	-26.11×	255.93×	41.75×
P/S	10.82×	11.31×	15.92×	13.73×	15.17×	68.98×
EV / EBITDA	-7.9×	-3.93×	-1.54×	-258.04×	-307.59×	-171.94×
Gross margin	131.1%	129.8%	93.0%	98.3%	99.8%	90.9%
Operating margin	-137.3%	-146.8%	-462.4%	-24.9%	-18.6%	94.4%
Net margin	-113.3%	-70.6%	-405.8%	-17.5%	-18.4%	92.8%
Current ratio	2.75×	3.74×	6.71×	0.41×	1,391.15×	1.01×
Debt / equity	0.26×	0.25×	0.07×	-0.92×	268.26×	1.55×
Interest coverage	-29.46×	-31.51×	-76×	-21.34×	0×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-14.7%	-6.4%	-32.8%	33.2%	-309.8%	56.1%
Return on invested capital	-11.3%	-9.2%	-30.7%	41.8%	-1.1%	22.1%
Return on assets	-8.6%	-3.9%	-24.2%	-9.1%	-1.1%	15.3%
Free cash flow yield	-26.2%	-10.3%	-17.5%	-4.6%	-0.7%	-1.4%
Earnings yield	-10.5%	-6.2%	-25.5%	-1.3%	-1.2%	1.3%
Enterprise value	€156.9M	€74.5M	€79.6M	€152.2M	€402.6M	€194.8M
Net debt / EBITDA	2.06×	4.51×	2.54×	-8.22×	-157.24×	-5.26×
Cash conversion cycle (days)	796	-521	-1,400	-118	-1,205	-2,587