La Française de l'Energie S.A. (FDE.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

-650.1%

-€74.27

vs €13.50 price

Levered DCF

-€94.37

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.39

Distress zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-21.9×	54.07×	16.13×	20.91×	36.31×	410.55×	710.9×	112.81×
P/B	0×	2.32×	1.9×	3.38×	4.18×	2.03×	1.42×	1.71×
P/S	7.35×	6.58×	4.99×	6.38×	10.1×	10.98×	9.83×	11.74×
EV / EBITDA	0×	17.1×	10.21×	13.74×	17.92×	46.49×	90.6×	46.67×
Gross margin	65.6%	47.0%	64.5%	78.8%	67.8%	44.0%	34.6%	44.5%
Operating margin	-47.5%	6.8%	50.5%	41.1%	54.4%	13.9%	-1.8%	17.6%
Net margin	-33.5%	12.1%	30.9%	30.5%	27.9%	2.7%	1.4%	10.6%
Current ratio	0×	4.67×	2.84×	2.63×	1.63×	0.67×	0.61×	0.52×
Debt / equity	0×	1.45×	0.98×	0.92×	0.88×	0.49×	0.36×	0.25×
Interest coverage	-1.92×	0.29×	5.18×	6.37×	3×	1.07×	-0.18×	2.81×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.0%	4.3%	11.8%	16.2%	11.6%	0.5%	0.2%	1.6%
Return on invested capital	0.0%	0.5%	6.6%	8.7%	8.1%	1.5%	0.0%	1.7%
Return on assets	0.0%	1.4%	4.9%	7.3%	5.0%	0.3%	0.1%	1.0%
Free cash flow yield	0.0%	-9.3%	3.0%	3.6%	-1.7%	-4.8%	-2.8%	-2.4%
Earnings yield	-4.6%	1.8%	6.2%	4.8%	2.8%	0.2%	0.1%	0.9%
Enterprise value	€0	€262.3M	€190.4M	€275.4M	€296.5M	€132.5M	€92.8M	€105.2M
Net debt / EBITDA	0×	4.07×	1.8×	1.25×	1.92×	7.06×	15.25×	5.47×
Cash conversion cycle (days)	0	-21	-152	45	-43	-92	-22	-22