Groupe Carnivor S.A. (MLGRC.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

+9594.5%

€2,617.51

vs €27.00 price

Levered DCF

-€229.09

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×	50×	59.58×	35.95×	4.62×	12.06×	18.42×	100×
P/B	0×	0.79×	3.82×	1.58×	1.05×	1.27×	1.44×	1.71×
P/S	0×	0.07×	41.52×	0.16×	0.11×	0.16×	0.19×	0.27×
EV / EBITDA	4.11×	8.55×	7.74×	9.73×	4.04×	9.42×	12.88×	18.21×
Gross margin	20.4%	20.1%	21.8%	10.6%	14.0%	12.9%	11.4%	17.9%
Operating margin	1.7%	1.2%	-118.3%	1.3%	3.7%	2.2%	0.8%	1.5%
Net margin	0.8%	0.1%	162.2%	0.4%	2.4%	1.3%	1.1%	0.3%
Current ratio	1.5×	2.03×	9.67×	1.18×	1.41×	1.28×	1.18×	1.24×
Debt / equity	1.64×	1.93×	0.14×	2.22×	1.85×	2.38×	2.45×	2.52×
Interest coverage	2.41×	1.34×	-4.19×	3.57×	7.55×	3.81×	0.96×	1.36×
Dividend yield	0.0%	0.0%	2.8%	3.0%	4.7%	4.7%	4.6%	4.4%
Payout ratio	0.0%	0.0%	71.6%	107.5%	21.8%	56.6%	84.3%	429.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.2%	1.6%	14.9%	4.4%	22.8%	10.6%	7.8%	1.8%
Return on invested capital	3.9%	2.6%	-3.0%	2.2%	8.4%	4.8%	1.2%	2.0%
Return on assets	2.0%	0.3%	4.1%	0.9%	4.9%	1.9%	1.4%	0.3%
Free cash flow yield	0.0%	-33.1%	-20.3%	-23.9%	12.1%	0.3%	-3.2%	-1.1%
Earnings yield	0.0%	2.0%	3.9%	2.8%	21.6%	8.3%	5.4%	1.0%
Enterprise value	€83.8M	€124.8M	€69.5M	€130.3M	€92.9M	€105.1M	€107.1M	€92.3M
Net debt / EBITDA	4.11×	5.97×	0.25×	5.06×	2.3×	5.84×	7.93×	9.86×
Cash conversion cycle (days)	23	37	4,842	47	49	76	90	52