Groupe JAJ (GJAJ.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

-118.1%

-€0.22

vs €1.24 price

Levered DCF

-€0.94

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.92

Grey zone

Rating

B+

Overall 3 / 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	7.25×	13.78×	11.41×	11.36×	24.86×	2.41×	-14.53×	29.36×
P/B	0.59×	0.44×	0.63×	0.99×	1.12×	1.06×	0.88×	1.62×
P/S	0.12×	0.1×	0.14×	0.18×	0.25×	0.29×	0.12×	0.22×
EV / EBITDA	8.55×	21.44×	11.19×	10.58×	25.2×	2.92×	26.78×	84.05×
Gross margin	29.9%	19.2%	29.5%	28.8%	7.6%	27.9%	22.2%	23.6%
Operating margin	2.4%	1.1%	2.1%	2.9%	3.7%	0.6%	0.8%	-0.1%
Net margin	1.7%	0.7%	1.2%	1.6%	1.0%	12.0%	-0.8%	0.7%
Current ratio	1.38×	1.62×	1.46×	1.65×	1.84×	1.33×	1.16×	1.29×
Debt / equity	0.49×	0.55×	0.64×	0.78×	0.74×	0.59×	0.79×	0.74×
Interest coverage	0×	1.86×	4.15×	2.61×	17.49×	0.61×	1.22×	-0.14×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.1%	3.2%	5.5%	8.7%	4.5%	44.4%	-6.1%	5.5%
Return on invested capital	7.0%	2.3%	4.9%	6.6%	6.7%	1.4%	3.9%	-0.4%
Return on assets	2.2%	0.9%	1.5%	2.3%	1.2%	12.3%	-1.0%	1.2%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	3.6%	7.4%	2.3%
Earnings yield	13.7%	7.3%	8.8%	8.8%	4.0%	41.8%	-6.9%	3.4%
Enterprise value	€7.5M	€6.3M	€7.7M	€10.3M	€9.8M	€7.8M	€4.6M	€7.1M
Net debt / EBITDA	3.82×	11.7×	5.53×	4.59×	9.61×	0.87×	12.46×	25.75×
Cash conversion cycle (days)	145	154	170	136	140	186	137	68