L Agence Automobiliere (MLAA.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

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Levered DCF

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After debt service

Piotroski score

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Altman Z-score

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Rating

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Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2020	FY2019
P/E	0×	47.93×	91.3×	70.42×	80.91×
P/B	0×	2.87×	22.45×	18.32×	24.77×
P/S	0×	0.33×	2.49×	2.56×	2.44×
EV / EBITDA	8.4×	27.31×	29.03×	33.88×	44.11×
Gross margin	43.5%	41.5%	38.3%	75.6%	76.1%
Operating margin	5.0%	-1.9%	5.0%	4.4%	1.1%
Net margin	0.6%	0.7%	2.7%	3.6%	3.0%
Current ratio	1.03×	1.03×	1.69×	2.12×	1.2×
Debt / equity	4.06×	3.99×	4.35×	2.12×	0.33×
Interest coverage	3.41×	-1.41×	3.48×	18.15×	5.35×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2020	FY2019
Return on equity	6.0%	6.0%	24.7%	26.0%	30.6%
Return on invested capital	-4.7%	-1.8%	6.9%	9.1%	8.1%
Return on assets	0.8%	0.9%	3.6%	4.9%	9.0%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	0.0%	2.1%	1.1%	1.4%	1.2%
Enterprise value	€695.7K	€1.3M	€5M	€2.5M	€2.5M
Net debt / EBITDA	8.4×	15.39×	4.45×	-0.65×	0.35×
Cash conversion cycle (days)	-20	8	6	-78	-113