EPC Groupe (EXPL.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

+52.7%

€441.43

vs €289.00 price

Levered DCF

€542.72

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.31

Grey 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	16.12×	16.77×	11.22×	11.43×	21.14×	-5.38×	-28.11×	21.59×
P/B	2.45×	2.33×	1.71×	1.66×	1.2×	1.25×	1.52×	1.37×
P/S	0.85×	0.79×	0.5×	0.43×	0.33×	0.29×	0.45×	0.47×
EV / EBITDA	8.43×	8.96×	5.21×	6.8×	5.83×	30.87×	16.92×	8.27×
Gross margin	23.6%	3.8%	32.5%	19.7%	20.8%	19.6%	19.0%	35.4%
Operating margin	6.3%	4.2%	6.7%	5.4%	4.7%	1.0%	1.9%	2.2%
Net margin	5.3%	4.8%	4.4%	3.8%	1.6%	-5.5%	-1.6%	2.2%
Current ratio	1.42×	1.26×	1.34×	1.26×	1.21×	1.14×	1.22×	1.25×
Debt / equity	0.62×	0.7×	0.77×	0.95×	0.89×	1.2×	1×	0.6×
Interest coverage	5.28×	3.52×	5.22×	6.04×	5.57×	1.15×	2.37×	2.58×
Dividend yield	0.7%	0.5%	0.0%	0.0%	0.0%	0.0%	1.3%	1.4%
Payout ratio	11.2%	9.0%	0.4%	0.0%	0.0%	0.0%	-35.8%	30.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.2%	14.0%	15.3%	14.5%	5.7%	-23.3%	-5.4%	6.3%
Return on invested capital	8.1%	5.4%	9.6%	7.7%	4.2%	1.5%	2.7%	2.7%
Return on assets	5.6%	5.0%	4.8%	4.1%	1.6%	-5.5%	-1.6%	2.3%
Free cash flow yield	5.4%	8.9%	4.4%	-6.3%	6.2%	20.9%	-0.6%	2.1%
Earnings yield	6.2%	6.0%	8.9%	8.8%	4.7%	-18.6%	-3.6%	4.6%
Enterprise value	€536.8M	€473.9M	€320.6M	€289.8M	€192.8M	€175.4M	€246.2M	€210.6M
Net debt / EBITDA	1.21×	1.63×	1.32×	2.06×	2.09×	13.36×	6.25×	2.26×
Cash conversion cycle (days)	34	46	85	73	72	75	83	54