Guerbet S.A. (GBT.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

+548.4%

€42.14

vs €6.50 price

Levered DCF

€12.26

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.4

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	-1.66×	20.94×	10.05×	-5.2×	14.4×	22.66×	13.91×	14.09×
P/B	0.68×	0.86×	0.63×	0.56×	1.16×	1.13×	1.34×	1.8×
P/S	0.23×	0.4×	0.3×	0.28×	0.64×	0.58×	0.64×	0.83×
EV / EBITDA	8.08×	7.12×	5.57×	15×	8.09×	8.47×	7.31×	8.55×
Gross margin	23.4%	26.0%	74.0%	24.6%	23.9%	22.1%	25.6%	73.1%
Operating margin	0.2%	5.0%	4.9%	4.0%	5.3%	4.9%	6.5%	8.3%
Net margin	-13.8%	1.9%	3.0%	-5.3%	4.4%	2.6%	4.6%	5.9%
Current ratio	2.49×	2.32×	2.54×	2.13×	2.09×	2.34×	2.39×	1.35×
Debt / equity	1.64×	1.02×	1.01×	0.82×	0.82×	0.96×	0.97×	1.13×
Interest coverage	0.07×	2.09×	3.64×	6.66×	7.24×	7.21×	6.95×	9.58×
Dividend yield	0.0%	1.9%	2.6%	5.0%	1.9%	2.1%	2.1%	1.6%
Payout ratio	0.0%	39.2%	26.4%	-26.1%	27.0%	48.4%	28.6%	22.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-40.6%	4.1%	6.3%	-10.8%	8.1%	5.0%	9.6%	12.8%
Return on invested capital	0.2%	4.8%	3.5%	4.2%	4.8%	4.5%	5.3%	5.7%
Return on assets	-11.6%	1.6%	2.3%	-4.4%	3.3%	1.9%	3.7%	4.3%
Free cash flow yield	17.4%	8.5%	-11.1%	-11.5%	13.1%	13.5%	12.5%	6.7%
Earnings yield	-60.0%	4.8%	10.0%	-19.2%	6.9%	4.4%	7.2%	7.1%
Enterprise value	€502.8M	€688.4M	€571.6M	€484.4M	€688.4M	€670.5M	€816.4M	€967.7M
Net debt / EBITDA	5.18×	3.63×	3.24×	8.37×	2.56×	3.24×	2.66×	2.73×
Cash conversion cycle (days)	208	214	443	169	138	150	182	407