Les Hôtels de Paris S.A. (HDP.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

+3034.8%

€61.13

vs €1.95 price

Levered DCF

-€86.56

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.67

Distress zone

Rating

C+

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	1.25×	-0.49×	-2.07×	-2.46×	3.02×	-2.11×	-2.69×	-2.26×
P/B	-0.42×	-0.18×	-0.8×	-0.71×	-1.49×	-1.54×	-9.51×	2.3×
P/S	0.32×	0.2×	0.56×	0.2×	0.67×	1.34×	0.74×	0.47×
EV / EBITDA	5.19×	24.85×	18.12×	10.19×	5.75×	16.52×	19.16×	36.48×
Gross margin	36.2%	35.5%	27.6%	45.3%	5.7%	-23.1%	32.3%	8.0%
Operating margin	68.8%	5.0%	6.8%	17.2%	-20.3%	-41.4%	-3.3%	0.6%
Net margin	25.9%	-40.4%	-26.9%	-11.1%	22.2%	-63.7%	-27.6%	-20.6%
Current ratio	0.76×	0.09×	0.08×	0.18×	0.22×	0.18×	0.29×	0.56×
Debt / equity	-5.89×	-3.56×	-5.22×	-12.46×	-16.96×	-12.79×	-46.63×	14.7×
Interest coverage	1.67×	0.13×	0.21×	0.56×	-0.29×	-0.55×	-0.1×	0.03×
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	-33.6%	37.5%	38.6%	40.0%	-49.9%	73.1%	353.2%	-101.8%
Return on invested capital	14.3%	1.8%	2.3%	4.2%	-2.8%	-3.9%	-0.9%	0.2%
Return on assets	5.8%	-11.1%	-7.0%	-2.9%	2.5%	-5.1%	-6.5%	-5.5%
Free cash flow yield	-359.9%	120.3%	-23.8%	112.2%	-57.5%	12.4%	-6.0%	-26.0%
Earnings yield	80.3%	-205.2%	-48.4%	-56.6%	33.4%	-47.6%	-37.1%	-44.2%
Enterprise value	€210M	€169.3M	€171.8M	€137.7M	€129.5M	€164M	€176.7M	€131.7M
Net debt / EBITDA	4.83×	23.59×	15.69×	9.58×	5.23×	14.73×	15.85×	31.17×
Cash conversion cycle (days)	211	-107	-122	-124	-155	-184	-61	-47