Derichebourg S.A. (DBG.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

+78.4%

€14.20

vs €7.96 price

Levered DCF

€8.37

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.03

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	6.83×	11.23×	5.56×	2.77×	9.17×	19.46×	9.14×	10.39×
P/B	0.75×	0.82×	0.77×	0.71×	2.26×	0.77×	0.98×	1.47×
P/S	0.25×	0.23×	0.21×	0.15×	0.44×	0.16×	0.19×	0.26×
EV / EBITDA	4.8×	4.7×	3.82×	2.86×	4.61×	4.32×	3.44×	4.73×
Gross margin	5.5%	24.0%	5.8%	8.3%	8.5%	4.8%	23.5%	22.2%
Operating margin	4.8%	4.9%	6.8%	7.4%	7.3%	2.5%	3.5%	3.8%
Net margin	3.7%	2.1%	3.8%	5.5%	4.8%	0.9%	2.1%	2.5%
Current ratio	1.1×	1.08×	1.04×	1.07×	1.74×	1.29×	1.19×	1×
Debt / equity	0.76×	0.88×	0.94×	1.06×	1.4×	1.35×	0.78×	0.47×
Interest coverage	4.84×	3.95×	7.18×	16.16×	16.12×	5.09×	10.32×	10.29×
Dividend yield	2.5%	3.0%	6.7%	7.8%	0.0%	4.3%	4.4%	3.1%
Payout ratio	17.0%	34.1%	37.3%	21.5%	0.0%	82.2%	40.3%	31.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.9%	7.3%	13.8%	25.9%	24.7%	4.1%	10.6%	14.3%
Return on invested capital	5.7%	5.8%	9.1%	11.4%	10.4%	2.4%	6.4%	11.2%
Return on assets	4.8%	2.9%	5.3%	8.3%	7.1%	1.1%	3.6%	5.1%
Free cash flow yield	15.5%	21.6%	9.2%	39.6%	15.3%	23.7%	14.8%	10.7%
Earnings yield	14.6%	8.9%	18.0%	36.2%	10.9%	5.3%	10.9%	9.7%
Enterprise value	€1.5B	€1.6B	€1.5B	€1.3B	€1.8B	€744.5M	€635.1M	€843.7M
Net debt / EBITDA	2.16×	2.16×	1.92×	1.43×	0.5×	1.98×	0.68×	0.53×
Cash conversion cycle (days)	12	3	19	16	20	30	12	12