Locasystem International S.A. (MLLOI.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

-138.5%

-€3.85

vs €10.00 price

Levered DCF

€1.00

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-7.74×	-3.38×	0×	0×	-16.15×	1.47×	21.88×	-15.91×
P/B	1.26×	1.03×	0×	0×	0.64×	0.4×	0.43×	0.56×
P/S	16.66×	19.33×	0×	0×	14.95×	12.11×	0.13×	0.07×
EV / EBITDA	-9.19×	-3.15×	0×	0×	-22.65×	0.83×	0.04×	1.63×
Gross margin	-68.2%	-110.0%	-87.8%	-128.6%	-86.5%	-123.3%	20.1%	30.6%
Operating margin	217.4%	-108.7%	-77.7%	-117.7%	-98.0%	129.9%	6.5%	3.1%
Net margin	-215.0%	-572.4%	-119.2%	474.7%	-92.0%	821.0%	0.5%	-0.5%
Current ratio	1.37×	4.64×	12.03×	15.65×	13.38×	25.28×	2.95×	2.22×
Debt / equity	0×	0.1×	0.09×	0.08×	0.09×	0.08×	0.27×	2.15×
Interest coverage	3.93×	-18.41×	0×	0×	-4.21×	7.47×	45.92×	3.54×
Dividend yield	4.2%	4.2%	0.0%	0.0%	14.1%	4.3%	7.1%	53.7%
Payout ratio	-32.3%	-14.2%	0.0%	0.0%	-229.1%	6.3%	186.5%	-843.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-16.3%	-30.5%	-4.9%	17.4%	-3.9%	27.2%	1.6%	-3.6%
Return on invested capital	16.5%	-5.2%	-2.9%	-4.0%	-3.8%	4.0%	5.4%	3.4%
Return on assets	-11.6%	-27.0%	-4.3%	15.5%	-3.5%	24.5%	0.6%	-0.7%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	98.2%	-32.2%
Earnings yield	-12.9%	-29.6%	0.0%	0.0%	-6.2%	67.8%	3.8%	-6.4%
Enterprise value	€4.2M	€4.2M	€490.8K	-€505K	€4M	€1.8M	€32K	€6.5M
Net debt / EBITDA	0.84×	0.24×	0×	0×	-0.12×	-0.62×	-2.16×	1.16×
Cash conversion cycle (days)	140	2,675	211	116	34	-3	150	20