Euroapi S.A. (EAPI.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

-304.1%

-€1.67

vs €0.82 price

Levered DCF

-€4.06

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.66

Distress zone

Rating

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
P/E	-1.02×	-2.09×	-2.85×	-86.56×	-156.96×	-201.7×	508.05×
P/B	0.27×	0.28×	0.58×	1.18×	1.26×	1.28×	1.25×
P/S	0.25×	0.3×	0.53×	1.33×	1.42×	1.35×	1.39×
EV / EBITDA	1.17×	-7.73×	10.29×	11.27×	20.58×	21.89×	23.32×
Gross margin	16.6%	15.5%	16.2%	18.0%	12.2%	9.6%	9.6%
Operating margin	0.0%	-13.1%	-23.0%	-0.1%	0.3%	-1.1%	-0.2%
Net margin	-24.9%	-14.2%	-18.6%	-1.5%	-0.9%	-0.7%	0.3%
Current ratio	2.6×	2.53×	1.92×	2.24×	2.33×	2.69×	3.12×
Debt / equity	0.08×	0.07×	0.24×	0.11×	0.02×	0.07×	0.06×
Interest coverage	0.02×	-4.28×	-21.5×	-0.19×	1.29×	-9×	-1.64×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	0.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-74.6%	248.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-26.8%	-13.3%	-20.4%	-1.4%	-0.8%	-0.6%	0.2%
Return on invested capital	0.0%	-9.3%	-13.9%	0.3%	0.1%	-0.4%	0.1%
Return on assets	-16.2%	-8.8%	-11.8%	-0.9%	-0.5%	-0.4%	0.2%
Free cash flow yield	21.9%	5.5%	-23.7%	-9.4%	-1.3%	0.7%	-3.7%
Earnings yield	-98.2%	-48.0%	-35.1%	-1.1%	-0.6%	-0.5%	0.2%
Enterprise value	€166.6M	€268.3M	€730.8M	€1.4B	€1.3B	€1.3B	€1.4B
Net debt / EBITDA	-0.34×	0.11×	2.69×	0.39×	0.22×	1.19×	1.45×
Cash conversion cycle (days)	248	261	285	271	282	276	298