Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
EEM.PAthis companyElectricité et Eaux de Madagascar S.A.	€1.80	5.84×	1.21×	0×	-130.4×	-22.4%	0.0%	0.0%	0.0%	20.8%	-3.4%	-23.6%	0.07×	93.63×	-15×	4.14×	0.0%	4	1.39	2	B-
ALAUD.PAAudacia S.A.	€3.40	88.91×	9.7×	6.32×	40.91×	-35.3%	85.0%	8.8%	7.1%	10.9%	5.7%	0.1%	0.07×	-1.54×	18.59×	18.95×	0.0%	4	2.94	1	C-
MLMLPHO.PAPhotonike Capital S.A.	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Peer median	—	88.91×	9.7×	6.32×	40.91×	-35.3%	85.0%	8.8%	7.1%	10.9%	5.7%	0.1%	0.07×	-1.54×	18.59×	18.95×	0.0%	4	2.94	1	—