Bolloré SE (BOL.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

-49.4%

€1.91

vs €3.77 price

Levered DCF

€2.12

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

5.73

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	FY2018
P/E	39.92×	118.8×	60.86×	4.5×	2.38×	22.53×	48.02×	43.32×
P/B	0.59×	0.66×	0.71×	0.66×	0.74×	1.09×	1.25×	1.1×
P/S	4.85×	5.4×	1.19×	1.12×	0.87×	0.59×	0.46×	0.44×
EV / EBITDA	-68.87×	-75.43×	16.91×	44.36×	13.47×	12.07×	6.97×	5.07×
Gross margin	-0.4%	4.9%	31.1%	6.3%	2.0%	2.8%	6.0%	32.4%
Operating margin	-7.2%	0.3%	5.6%	6.0%	1.7%	3.4%	5.7%	5.6%
Net margin	11.9%	58.2%	2.0%	24.9%	36.4%	2.6%	1.0%	1.0%
Current ratio	6.93×	4.62×	1.02×	1.48×	1.1×	0.69×	0.82×	1.1×
Debt / equity	0.01×	0.02×	0.46×	0.33×	0.51×	1.47×	1.54×	1.11×
Interest coverage	-13.15×	0.15×	2.49×	3.17×	1.11×	1.61×	3.75×	4.06×
Dividend yield	1.6%	1.2%	1.0%	1.1%	1.2%	1.8%	1.2%	1.4%
Payout ratio	64.1%	10.9%	63.4%	5.2%	2.9%	41.3%	56.9%	61.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.4%	7.2%	1.2%	14.6%	31.1%	4.7%	2.6%	2.5%
Return on invested capital	-0.8%	0.0%	1.0%	1.7%	0.0%	0.6%	3.2%	2.1%
Return on assets	1.4%	6.6%	0.4%	5.9%	10.5%	0.7%	0.4%	0.4%
Free cash flow yield	2.1%	0.7%	5.9%	7.5%	5.2%	15.3%	9.7%	14.1%
Earnings yield	2.5%	10.8%	1.6%	22.2%	42.0%	4.3%	2.1%	2.3%
Enterprise value	€9.1B	€12.1B	€21.2B	€15.2B	€19.8B	€21B	€22.5B	€15.7B
Net debt / EBITDA	37.96×	29.6×	3.9×	-0.32×	3.65×	6.39×	3.43×	1.77×
Cash conversion cycle (days)	18	37	-3	91	51	49	53	16