Floridienne S.A. (FLOB.BR) 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

+350.3%

€256.66

vs €57.00 price

Levered DCF

€961.16

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.77

Distress zone

Rating

B-

Overall 2 / 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	81.48×	42.31×	186.46×	56.14×	49.81×	77.98×	22.56×	20.66×
P/B	1.75×	1.76×	1.63×	4.19×	4.99×	2.84×	1.72×	1.52×
P/S	0.89×	0.96×	1.2×	1.3×	1.86×	0.89×	0.5×	0.45×
EV / EBITDA	9.99×	8.23×	17.37×	14.43×	16.12×	13.14×	8.59×	11.66×
Gross margin	52.4%	53.3%	22.8%	24.8%	29.2%	24.7%	23.4%	39.3%
Operating margin	8.5%	10.3%	5.1%	7.0%	8.6%	5.2%	4.2%	3.2%
Net margin	1.1%	2.3%	0.6%	2.3%	3.7%	1.1%	2.2%	2.2%
Current ratio	1.79×	2.04×	1.78×	1.63×	1.93×	1.82×	1.57×	1.73×
Debt / equity	1.08×	0.96×	0.78×	1.64×	1.23×	1.33×	0.99×	0.99×
Interest coverage	2.31×	1.85×	1.69×	2.8×	5.03×	4.43×	3.85×	2.59×
Dividend yield	0.5%	0.4%	0.4%	0.4%	0.3%	0.0%	1.0%	1.3%
Payout ratio	37.0%	15.6%	69.0%	20.3%	17.1%	0.0%	22.6%	27.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.1%	4.2%	0.9%	7.5%	10.0%	3.6%	7.6%	7.3%
Return on invested capital	3.7%	4.4%	1.5%	5.0%	6.0%	3.4%	4.4%	3.2%
Return on assets	0.6%	1.3%	0.3%	2.0%	3.2%	1.1%	2.6%	2.6%
Free cash flow yield	1.2%	3.5%	2.2%	-1.5%	-1.2%	2.0%	-2.0%	-0.3%
Earnings yield	1.2%	2.4%	0.5%	1.8%	2.0%	1.3%	4.4%	4.8%
Enterprise value	€950.1M	€912.9M	€888.2M	€883.7M	€765.5M	€439.9M	€302.3M	€253.7M
Net debt / EBITDA	3.2×	2.23×	4.44×	3.39×	2.3×	3.19×	2.75×	3.78×
Cash conversion cycle (days)	118	118	158	91	99	93	92	89