Activium Group SAS (MLACT.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

-92.0%

€0.10

vs €1.20 price

Levered DCF

-€0.07

After debt service

Piotroski score

—

Altman Z-score

—

Rating

—

Ratios by fiscal year

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

Metric	FY2023	FY2022	FY2021	FY2020	FY2015	FY2014	FY2013	FY2012
P/E	-15.63×	-18.94×	-805.88×	372.73×	23,163.76×	-50,000×	50,000×	-344,016.18×
P/B	0.64×	0.48×	0.53×	0.47×	0×	0×	0×	0×
P/S	2.28×	1.63×	2.87×	2.57×	1,313.22×	6,232.81×	5,928.48×	4,303.19×
EV / EBITDA	-44.41×	-82.98×	43.83×	27.58×	0×	0×	0×	0×
Gross margin	-14.3%	-11.0%	-8.1%	6.2%	100.0%	100.0%	45.2%	34.3%
Operating margin	-13.6%	-10.1%	-8.5%	71.4%	5.7%	-12.0%	11.1%	6.0%
Net margin	-14.6%	-8.6%	-0.4%	0.7%	5.7%	-12.0%	14.5%	-1.3%
Current ratio	0.37×	0.49×	0.52×	1.59×	0×	0×	0×	0×
Debt / equity	0.03×	0.04×	0×	0.17×	0×	0×	0×	0×
Interest coverage	-3.77×	-3.79×	-3.35×	27.45×	0×	0×	0×	0×
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	FY2023	FY2022	FY2021	FY2020	FY2015	FY2014	FY2013	FY2012
Return on equity	-4.1%	-2.5%	-0.1%	0.1%	0.0%	0.0%	0.0%	0.0%
Return on invested capital	-3.7%	-2.8%	-1.6%	1.7%	0.0%	0.0%	0.0%	0.0%
Return on assets	-3.0%	-1.9%	-0.1%	0.1%	0.0%	0.0%	0.0%	0.0%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	-6.4%	-5.3%	-0.1%	0.3%	0.0%	-0.0%	0.0%	-0.0%
Enterprise value	€4M	€3.2M	€3.4M	€4.1M	€0	€0	€0	€0
Net debt / EBITDA	-2×	-4.65×	-0.08×	7.14×	0×	0×	0×	0×
Cash conversion cycle (days)	78	127	102	135	0	0	0	0