Equasens S.A. (EQS.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

+193.8%

€79.70

vs €27.13 price

Levered DCF

€76.05

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.06

Safe zone

Rating

A+

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	16.48×	18.51×	19.52×	24.25×	36.15×	54.61×	32.06×	30.06×
P/B	2.68×	2.9×	4.18×	5.92×	8.88×	11.72×	7.14×	6.72×
P/S	2.86×	3.1×	4.17×	5.25×	7.31×	9.77×	5.74×	5.15×
EV / EBITDA	10.66×	11.84×	14.11×	17.01×	23.5×	30.62×	19.43×	17.59×
Gross margin	21.0%	21.7%	25.8%	27.6%	27.9%	28.8%	28.1%	28.3%
Operating margin	20.2%	20.6%	25.2%	26.3%	26.0%	27.2%	25.8%	26.2%
Net margin	16.6%	16.7%	21.4%	21.6%	20.3%	17.9%	17.9%	17.1%
Current ratio	1.44×	1.21×	1.22×	1.4×	1.3×	1.36×	1.35×	1.65×
Debt / equity	0.21×	0.21×	0.32×	0.35×	0.53×	0.45×	0.38×	0.38×
Interest coverage	43.82×	40.58×	82.82×	82.81×	85.34×	81.7×	98.67×	132.37×
Dividend yield	1.5%	2.8%	1.9%	1.4%	1.0%	0.8%	1.4%	1.5%
Payout ratio	26.4%	51.9%	36.7%	34.1%	36.5%	44.1%	44.9%	44.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.6%	15.7%	21.5%	24.4%	24.6%	21.4%	22.3%	22.3%
Return on invested capital	11.1%	11.3%	15.0%	18.4%	15.6%	14.3%	14.2%	16.3%
Return on assets	9.0%	9.1%	11.9%	13.2%	11.9%	10.4%	11.0%	11.4%
Free cash flow yield	7.0%	5.3%	4.7%	4.2%	2.6%	1.6%	2.6%	2.3%
Earnings yield	5.8%	5.4%	5.1%	4.1%	2.8%	1.8%	3.1%	3.3%
Enterprise value	€696.1M	€703.9M	€968.3M	€1.2B	€1.5B	€1.7B	€938.1M	€775.5M
Net debt / EBITDA	0.3×	0.55×	0.74×	0.63×	0.79×	0.55×	0.57×	0.24×
Cash conversion cycle (days)	76	92	90	75	72	65	69	-23