Caisse Regionale de Credit Agricole Mutuel d'Ille-et-Vilaine Cert.coop.d'invt. (CIV.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

-276.7%

-€170.54

vs €96.50 price

Levered DCF

-€442.43

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.07

Distress zone

Rating

B-

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	FY2019	FY2018
P/E	9.74×	6.46×	6.03×	3.93×	6.78×	25.58×	11.46×	9.92×
P/B	0.23×	0.17×	0.16×	0.14×	0.2×	0.29×	0.38×	0.35×
P/S	0.65×	1.56×	1.43×	0.56×	0.92×	1.34×	2.91×	2.55×
EV / EBITDA	156.56×	-1.03×	-2.1×	120.28×	104.66×	227.38×	0×	0×
Gross margin	30.8%	100.0%	111.8%	55.7%	58.7%	100.0%	100.0%	100.0%
Operating margin	7.2%	24.2%	27.8%	16.2%	17.9%	7.8%	33.9%	33.3%
Net margin	6.7%	24.2%	23.7%	14.2%	13.5%	5.2%	25.4%	25.7%
Current ratio	0.05×	0.04×	0.29×	0.06×	0.04×	0.06×	6.1×	2.72×
Debt / equity	4.47×	0.02×	0.02×	5.91×	5×	5.22×	4.62×	4.53×
Interest coverage	0.11×	0.09×	0.12×	0.53×	0.63×	0.24×	0.65×	0.67×
Dividend yield	2.9%	3.4%	4.0%	4.5%	1.7%	1.8%	1.6%	1.8%
Payout ratio	28.4%	22.0%	23.8%	17.7%	11.7%	45.5%	18.5%	17.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.4%	2.7%	2.7%	3.6%	2.9%	1.1%	3.3%	3.5%
Return on invested capital	0.3%	0.9%	0.3%	0.5%	0.5%	0.2%	16.0%	32.6%
Return on assets	0.3%	0.3%	0.3%	0.4%	0.3%	0.1%	0.4%	0.5%
Free cash flow yield	29.1%	1.7%	-172.2%	328.8%	53.9%	9.9%	33.5%	10.8%
Earnings yield	10.3%	15.5%	16.6%	25.4%	14.7%	3.9%	8.7%	10.1%
Enterprise value	€12.6B	-€81.3M	-€161.1M	€11.3B	€9.5B	€9.8B	€9.1B	€8.5B
Net debt / EBITDA	148.68×	-6.28×	-6.86×	117.19×	100.07×	214.96×	0×	0×
Cash conversion cycle (days)	23	273	32,938,438	128	-4,452	0	0	0