Caisse Regionale de Credit Agricole Mutuel de la Touraine et du Poitou Cert.Coop.d'Invt. (CRTO.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

-44.2%

€59.68

vs €107.00 price

Levered DCF

€71.35

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.06

Distress 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	9.8×	6.14×	4.03×	3.86×	7.11×	13.58×	10.27×	8.88×
P/B	0.26×	0.21×	0.17×	0.15×	0.21×	0.28×	0.37×	0.35×
P/S	1.3×	2×	1.36×	0.71×	1.12×	2.55×	2.86×	2.58×
EV / EBITDA	8.28×	88.6×	68.57×	78.07×	88.8×	115.27×	71.48×	71.48×
Gross margin	48.9%	100.0%	214.9%	63.3%	62.4%	169.1%	100.0%	100.0%
Operating margin	14.7%	28.5%	36.4%	21.1%	20.5%	95.8%	36.2%	35.7%
Net margin	13.3%	27.1%	33.7%	18.4%	15.8%	18.8%	27.9%	29.0%
Current ratio	0.01×	0.02×	0.01×	0.04×	0.04×	0.08×	1.28×	0.7×
Debt / equity	0.04×	2.86×	3.25×	3.6×	3.37×	3.59×	3.22×	3.34×
Interest coverage	0.29×	0.22×	0.37×	0.83×	0.84×	2.02×	0.72×	0.72×
Dividend yield	2.5%	3.4%	4.1%	3.8%	2.5%	2.1%	1.7%	1.8%
Payout ratio	24.0%	25.4%	16.4%	14.7%	17.7%	28.8%	17.1%	15.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.6%	2.8%	4.2%	3.8%	2.9%	2.1%	3.6%	3.9%
Return on invested capital	1.4%	1.4%	0.8%	0.8%	0.6%	1.5%	108.8%	191.9%
Return on assets	0.5%	0.5%	0.7%	0.6%	0.4%	0.3%	0.6%	0.6%
Free cash flow yield	-17.4%	17.1%	-71.0%	118.6%	120.7%	13.1%	13.9%	-21.0%
Earnings yield	10.2%	13.5%	24.8%	25.9%	14.1%	7.4%	9.7%	11.3%
Enterprise value	€836.9M	€8.6B	€9B	€9.2B	€8.9B	€8.6B	€7.9B	€7.5B
Net debt / EBITDA	0.31×	82.49×	65.14×	74.99×	83.65×	106.89×	64.14×	64.74×
Cash conversion cycle (days)	35	219	200	-517	-902	729	0	0