Societe Nationale de Propriete d'Immeubles (MLPRI.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

+29.4%

€25.87

vs €20.00 price

Levered DCF

-€0.83

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	FY2016
P/E	14.68×	49.78×	15.63×	30.16×	14.8×	17.57×	9.41×	0×
P/B	1.01×	1.19×	1.36×	1.08×	0.84×	0.79×	0.81×	0×
P/S	22.28×	23.67×	27.35×	23.75×	19.03×	16.07×	19.04×	0×
EV / EBITDA	12.57×	25.32×	15.08×	24.96×	12.51×	22.99×	7.13×	0×
Gross margin	52.8%	92.9%	69.0%	88.7%	55.7%	58.4%	48.5%	0.0%
Operating margin	43.3%	50.6%	39.7%	0.7%	40.8%	44.2%	35.9%	0.0%
Net margin	152.2%	47.7%	175.5%	79.4%	129.0%	91.3%	202.0%	0.0%
Current ratio	30.68×	39.64×	4.33×	40.14×	90.88×	262.02×	12×	1.12×
Debt / equity	0.08×	0.31×	0.3×	0.44×	0.17×	0.36×	0.23×	0.89×
Interest coverage	2.78×	2.75×	2.12×	0.08×	6.51×	6.99×	2.39×	0×
Dividend yield	0.0%	0.0%	0.0%	1.3%	1.7%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	39.4%	25.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2016
Return on equity	6.9%	2.4%	8.7%	3.6%	5.7%	4.5%	8.6%	0.0%
Return on invested capital	1.4%	1.0%	1.4%	0.0%	1.0%	0.9%	0.9%	0.0%
Return on assets	5.4%	1.8%	6.6%	2.7%	4.3%	3.2%	6.1%	0.0%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.4%	0.5%	0.5%	0.0%
Earnings yield	6.8%	2.0%	6.4%	3.3%	6.8%	5.7%	10.6%	0.0%
Enterprise value	€19.2M	€24.6M	€26.4M	€25M	€15.2M	€15.2M	€11.2M	€6M
Net debt / EBITDA	0.68×	4.84×	2.37×	5.98×	0.6×	3.31×	-0.98×	0×
Cash conversion cycle (days)	4,738	34,866	11,080	24,098	9,488	-167	-143	0