Exail Technologies (EXA.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

-511.4%

-€517.54

vs €125.80 price

Levered DCF

€195.72

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.44

Distress zone

Rating

C-

Overall 1 / 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	452.78×	-82.67×	20.75×	-37.7×	6.11×	-29.44×	10.99×	-60.07×
P/B	3.35×	2.46×	2.51×	2.66×	4.76×	1.8×	2.12×	1.18×
P/S	2.89×	0.79×	1.02×	1.61×	2.43×	1.13×	0.84×	0.38×
EV / EBITDA	25.17×	13.86×	22.46×	16.77×	17.46×	9.85×	10.34×	11.72×
Gross margin	53.8%	55.4%	57.3%	57.0%	89.7%	80.2%	48.3%	46.7%
Operating margin	5.6%	4.8%	2.2%	0.6%	9.7%	7.3%	1.8%	0.5%
Net margin	0.6%	-1.0%	5.2%	-4.3%	39.9%	-3.9%	7.6%	-0.6%
Current ratio	1.79×	1.25×	1.31×	1.36×	1.31×	1.22×	1.54×	1.47×
Debt / equity	0.89×	2.91×	2.58×	3.19×	2.41×	1.46×	0.93×	0.96×
Interest coverage	0.99×	0.65×	0.26×	0.13×	5.45×	11.16×	3.66×	0.97×
Dividend yield	0.0%	0.1%	0.0%	0.0%	2.0%	2.5%	1.9%	3.8%
Payout ratio	19.6%	-10.1%	0.8%	-0.4%	12.3%	-74.3%	20.7%	-231.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.7%	-3.0%	12.8%	-7.0%	77.9%	-6.1%	19.2%	-1.9%
Return on invested capital	2.5%	1.5%	1.0%	0.2%	4.1%	3.6%	0.7%	-2.6%
Return on assets	0.2%	-0.4%	2.1%	-1.0%	13.1%	-1.4%	5.0%	-0.5%
Free cash flow yield	5.4%	19.2%	14.1%	15.8%	-13.2%	11.2%	5.5%	-15.0%
Earnings yield	0.2%	-1.2%	5.1%	-2.6%	16.4%	-3.4%	9.1%	-1.6%
Enterprise value	€1.4B	€593.5M	€642.2M	€615M	€382.2M	€227.3M	€267.4M	€163.6M
Net debt / EBITDA	0.7×	6.97×	10.96×	8.42×	4.58×	2.43×	1.44×	3.58×
Cash conversion cycle (days)	206	200	238	429	448	337	155	156