Solocal Group S.A. (LOCAL.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

+386.6%

€17.88

vs €3.68 price

Levered DCF

€8.29

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.82

Grey zone

Rating

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	10.35×	0.27×	-0.25×	-1,995.55×	551.44×	421.47×	811.32×	-291.91×
P/B	-8.29×	-6.02×	-3.34×	-28.1×	-53.96×	-100.82×	-40.79×	-34.93×
P/S	0.46×	0.91×	2.58×	16.2×	30.17×	63.64×	44.62×	35.37×
EV / EBITDA	2.15×	1.84×	21.11×	59.27×	100.26×	225.27×	288.61×	-14,263.6×
Gross margin	8.7%	-4.2%	50.4%	14.7%	71.7%	71.4%	75.4%	70.6%
Operating margin	8.7%	-4.2%	0.9%	14.6%	16.5%	11.3%	23.5%	-8.6%
Net margin	4.4%	35.8%	-12.7%	-0.8%	5.3%	15.0%	5.5%	-12.1%
Current ratio	0.58×	0.53×	0.26×	0.47×	0.53×	0.49×	0.34×	0.46×
Debt / equity	-3.23×	-1.59×	-1.06×	-1.25×	-1.31×	-1.2×	-0.89×	-0.01×
Interest coverage	5.36×	0×	0.09×	2.07×	2.48×	0.81×	3.57×	-1.63×
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%	-0.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-79.2%	-236.8%	16.5%	1.4%	-9.6%	-23.8%	-5.0%	12.0%
Return on invested capital	21.8%	-17.0%	4.3%	-5.6%	25.3%	27.9%	252.4%	36.2%
Return on assets	4.5%	36.2%	-14.6%	-0.9%	5.2%	13.3%	6.2%	-12.1%
Free cash flow yield	24.7%	2.2%	0.8%	0.3%	0.3%	-0.2%	-0.4%	0.0%
Earnings yield	9.6%	39.3%	-4.9%	-0.1%	0.2%	0.2%	0.1%	-0.3%
Enterprise value	€126.9M	€314.8M	€1.2B	€6.7B	€13.1B	€28.1B	€26.6B	€23.6B
Net debt / EBITDA	-0.37×	0.06×	4.33×	1.93×	1.78×	2.16×	5.71×	45.88×
Cash conversion cycle (days)	-11	-2	-59	-1	-254	-107	-113	-520