Groupe Pizzorno Environnement (GPE.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

+129.4%

€143.36

vs €62.50 price

Levered DCF

€163.89

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.59

Distress 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	9.54×	21.66×	14.77×	7.93×	11.84×	-10.73×	28.62×	-142×
P/B	2.19×	2.94×	2.09×	1.69×	1.56×	1.19×	0.74×	0.79×
P/S	0.82×	1.11×	0.76×	0.64×	0.54×	0.37×	0.24×	0.24×
EV / EBITDA	5.12×	6.91×	5.79×	3.72×	3.74×	7.4×	3.83×	2.31×
Gross margin	6.5%	94.9%	40.8%	11.5%	11.6%	2.6%	4.3%	92.7%
Operating margin	9.2%	7.8%	7.1%	6.1%	9.7%	-2.4%	0.4%	-3.5%
Net margin	8.6%	5.1%	5.5%	8.1%	4.5%	-3.5%	0.8%	-0.2%
Current ratio	1.26×	1.27×	1.5×	1.34×	1.31×	1.22×	1.12×	1.1×
Debt / equity	1.07×	0.97×	1.07×	0.94×	1.08×	1.6×	1.15×	1.14×
Interest coverage	9.46×	9.54×	12.38×	13.97×	19.11×	-3.61×	0.7×	-6.17×
Dividend yield	10.8%	1.6%	1.9%	2.6%	0.0%	0.0%	1.9%	3.5%
Payout ratio	102.8%	34.6%	26.4%	21.0%	0.0%	0.0%	53.7%	-496.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	22.9%	13.6%	15.3%	21.3%	13.2%	-11.1%	2.6%	-0.6%
Return on invested capital	7.9%	5.7%	5.2%	4.6%	5.9%	-2.1%	0.3%	-2.1%
Return on assets	6.7%	3.9%	4.2%	6.1%	3.5%	-2.5%	0.7%	-0.1%
Free cash flow yield	8.7%	1.6%	3.0%	16.9%	35.8%	-17.4%	-13.2%	38.7%
Earnings yield	10.5%	4.6%	7.3%	12.6%	8.4%	-9.3%	3.5%	-0.7%
Enterprise value	€311.4M	€384.4M	€285.6M	€185M	€152.1M	€154.5M	€117.4M	€79.6M
Net debt / EBITDA	1.43×	1.46×	1.72×	0.78×	0.99×	3.87×	2.14×	0.72×
Cash conversion cycle (days)	56	-751	56	55	69	89	66	-584