Graines Voltz S.A. (GRVO.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

-228.5%

-€18.31

vs €14.25 price

Levered DCF

€444.73

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.96

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	18.18×	-6.35×	67×	18.51×	16.99×	25×	8.33×	9.92×
P/B	0.43×	0.55×	0.62×	1.26×	3.7×	3.17×	2×	1.51×
P/S	0.21×	0.28×	0.34×	0.69×	1.3×	1.22×	0.92×	0.69×
EV / EBITDA	9.33×	76.78×	15.06×	12.92×	12.51×	16.27×	6.65×	5.28×
Gross margin	4.7%	53.2%	52.2%	51.5%	49.4%	10.1%	48.4%	50.6%
Operating margin	2.6%	-2.2%	1.7%	4.8%	10.6%	7.7%	13.8%	11.6%
Net margin	1.2%	-4.3%	0.5%	3.9%	7.7%	4.9%	11.0%	7.0%
Current ratio	2.22×	1.94×	2.04×	2.1×	1.66×	1.59×	1.89×	2.48×
Debt / equity	0.66×	0.88×	0.87×	0.81×	1.01×	1.26×	0.63×	0.3×
Interest coverage	2.59×	-1.56×	1.48×	10.07×	36.67×	21.22×	50.18×	26.56×
Dividend yield	0.0%	0.0%	0.0%	3.2%	0.0%	8.6%	10.2%	16.5%
Payout ratio	0.0%	0.0%	0.0%	57.1%	0.0%	214.9%	84.7%	163.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.4%	-8.7%	0.9%	7.2%	21.8%	12.7%	24.0%	15.2%
Return on invested capital	2.1%	-2.3%	1.6%	4.1%	10.6%	6.1%	13.6%	13.3%
Return on assets	1.2%	-4.1%	0.4%	3.4%	8.7%	4.9%	12.1%	9.2%
Free cash flow yield	42.6%	9.8%	-13.5%	-22.2%	3.9%	-10.9%	-0.1%	11.4%
Earnings yield	5.5%	-15.8%	1.5%	5.7%	5.9%	4.0%	12.0%	10.1%
Enterprise value	€70.3M	€87.5M	€97.1M	€135.8M	€195.4M	€140.7M	€85.8M	€54.5M
Net debt / EBITDA	5.4×	44.29×	8.14×	4.24×	2.31×	4.06×	0.72×	0.1×
Cash conversion cycle (days)	226	346	361	323	207	193	223	180