Blue Shark Power System (MLBSP.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

-69.1%

€1.21

vs €3.92 price

Levered DCF

-€0.09

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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	0×	0×	21.85×	-37.8×	27×	-338.62×	-401.41×	0×
P/B	0×	0×	6.71×	4.54×	4.05×	40.29×	32.06×	0×
P/S	0×	0×	25.11×	38.18×	16.59×	-313.03×	218.59×	0×
EV / EBITDA	5.82×	1.74×	20.42×	-47.15×	23.98×	-168.42×	-578.25×	4.15×
Gross margin	15.3%	30.4%	47.1%	6.4%	48.1%	192.9%	7.5%	-8.2%
Operating margin	12.2%	28.6%	49.3%	-103.0%	33.5%	206.8%	-53.5%	-10.0%
Net margin	16.1%	24.2%	115.8%	-103.1%	60.5%	92.7%	-54.4%	-16.5%
Current ratio	7.62×	6.69×	2.03×	1.63×	5.45×	5.03×	6.09×	10.23×
Debt / equity	0.09×	0.08×	0.11×	0.12×	0.13×	0.15×	0.22×	0.08×
Interest coverage	0×	338.45×	270.62×	-206.11×	277.68×	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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.6%	3.1%	31.0%	-12.3%	14.7%	-11.9%	-8.0%	-2.0%
Return on invested capital	1.0%	3.2%	9.7%	-10.9%	6.1%	-19.0%	-6.4%	-1.1%
Return on assets	1.3%	2.5%	19.8%	-8.9%	10.8%	-8.6%	-6.1%	-1.8%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	0.0%	0.0%	4.6%	-2.7%	3.6%	-0.3%	-0.2%	0.0%
Enterprise value	€97.8K	€83.6K	€6.6M	€4.2M	€4.1M	€35.3M	€31.5M	-€49.3K
Net debt / EBITDA	5.82×	1.74×	0.25×	-0.76×	-0.05×	-0.57×	-3.17×	4.15×
Cash conversion cycle (days)	1,209	861	708	959	452	-489	665	584