Compagnie du Bois Sauvage S.A. (COMB.BR) 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

+215.1%

€853.83

vs €271.00 price

Levered DCF

€761.67

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.3

Grey zone

Rating

Overall 4 / 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	12.26×	-5.35×	-16.58×	5.07×	7.84×	38.55×	10.29×	-38.59×
P/B	0.88×	0.74×	0.77×	0.85×	0.99×	1.11×	1.29×	1.41×
P/S	1.36×	1.16×	1.52×	2.04×	2.28×	2.88×	2.69×	2.85×
EV / EBITDA	5.58×	-25.53×	13.24×	3.73×	7.08×	27.06×	12.11×	14.17×
Gross margin	53.6%	40.5%	56.0%	36.0%	43.3%	36.1%	42.4%	43.7%
Operating margin	22.1%	-5.2%	10.8%	15.3%	26.3%	1.8%	17.0%	20.2%
Net margin	11.1%	-21.6%	-9.2%	40.3%	29.1%	7.5%	26.1%	-7.4%
Current ratio	3.16×	2.15×	2.04×	1.74×	3.32×	1.66×	2.29×	2.61×
Debt / equity	0.27×	0.23×	0.16×	0.29×	0.38×	0.47×	0.33×	0.18×
Interest coverage	11.13×	-8.45×	12.67×	6.66×	14.8×	1.11×	11.63×	14.66×
Dividend yield	2.9%	3.6%	2.9%	4.8%	2.3%	2.4%	2.0%	2.0%
Payout ratio	35.7%	-19.3%	-47.7%	24.5%	18.4%	91.2%	20.7%	-77.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.2%	-13.8%	-4.7%	16.8%	12.7%	2.9%	12.6%	-3.6%
Return on invested capital	7.4%	-2.5%	4.5%	5.0%	7.4%	0.5%	5.7%	8.6%
Return on assets	4.9%	-9.6%	-3.5%	11.7%	8.2%	1.8%	8.5%	-2.7%
Free cash flow yield	10.1%	6.0%	7.2%	6.6%	10.9%	4.2%	4.9%	6.1%
Earnings yield	8.2%	-18.6%	-6.0%	19.7%	12.8%	2.6%	9.7%	-2.6%
Enterprise value	€532.7M	€448.4M	€513.3M	€583M	€713.4M	€739.4M	€769.1M	€664.7M
Net debt / EBITDA	0.72×	-4.23×	1.34×	0.23×	1.54×	6.81×	1.94×	0.64×
Cash conversion cycle (days)	104	104	59	78	78	104	79	57