Aurea S.A. (AURE.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

+1245.3%

€64.57

vs €4.80 price

Levered DCF

€26.14

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.15

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	-10.17×	49.27×	10.9×	21.48×	6.86×	-12.12×	-46.13×	22.92×
P/B	0.83×	0.69×	0.69×	0.92×	1.16×	1.01×	1.07×	0.8×
P/S	0.25×	0.21×	0.2×	0.25×	0.35×	0.39×	0.35×	0.29×
EV / EBITDA	6.26×	4.37×	3.53×	5.91×	3.8×	12.39×	9.74×	5.77×
Gross margin	18.8%	20.8%	5.5%	3.0%	6.3%	-0.3%	1.7%	6.8%
Operating margin	-1.1%	1.8%	2.9%	2.1%	6.4%	-2.1%	0.5%	2.3%
Net margin	-2.4%	0.4%	1.9%	1.2%	5.1%	-3.2%	-0.8%	1.3%
Current ratio	1.37×	1.34×	1.27×	1.82×	1.86×	1.42×	1.68×	1.61×
Debt / equity	0.7×	0.72×	0.88×	0.83×	0.81×	1.1×	0.66×	0.43×
Interest coverage	-1.67×	2.3×	4.02×	5.36×	28.61×	-3.81×	0.83×	4.92×
Dividend yield	2.5%	0.0%	0.0%	2.2%	1.2%	0.0%	2.7%	2.8%
Payout ratio	-25.8%	0.0%	0.0%	47.6%	8.3%	0.0%	-121.4%	63.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-8.1%	1.4%	6.4%	4.3%	16.9%	-8.4%	-2.4%	3.5%
Return on invested capital	-2.1%	1.2%	3.9%	2.6%	9.1%	-2.2%	0.8%	3.2%
Return on assets	-2.9%	0.5%	2.2%	1.6%	6.4%	-2.8%	-1.0%	1.7%
Free cash flow yield	5.2%	13.5%	17.1%	1.9%	5.3%	8.1%	10.2%	0.3%
Earnings yield	-9.8%	2.1%	9.3%	4.7%	14.6%	-8.3%	-2.2%	4.4%
Enterprise value	€65.3M	€73.3M	€75.8M	€80.2M	€91.8M	€72M	€83.6M	€64.7M
Net debt / EBITDA	0.95×	1.33×	1.2×	1.21×	0.61×	2.8×	2.28×	0.13×
Cash conversion cycle (days)	61	67	64	67	76	91	83	38