Weaccess Group, S.A. (MLWEA.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

+54.4%

€2.01

vs €1.30 price

Levered DCF

€1.22

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.92

Grey zone

Rating

C-

Overall 1 / 5

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	-113.77×	-2.25×	-18.62×	-11.43×	-9.57×	-11.11×	-14.33×	-44×
P/B	2.39×	0.26×	3.74×	4.15×	4.31×	2.21×	1.59×	4.04×
P/S	3.01×	0.28×	1.78×	2.08×	1.99×	0.99×	0.85×	2.67×
EV / EBITDA	7.52×	-8.05×	64.39×	89.54×	-446.12×	15.81×	11.04×	18.52×
Gross margin	-14.0%	39.0%	44.7%	52.6%	32.5%	29.3%	29.2%	44.2%
Operating margin	-17.7%	-14.1%	-12.3%	-19.5%	-25.1%	-11.5%	-9.3%	-6.5%
Net margin	-2.6%	-12.0%	-9.7%	-18.0%	-20.9%	-8.7%	-5.9%	-6.0%
Current ratio	2.56×	2.89×	1.41×	1.95×	2.28×	2.03×	1.71×	2.19×
Debt / equity	0.7×	0.68×	0.62×	0.64×	0.64×	0.52×	0.11×	0.11×
Interest coverage	-11.28×	-31.47×	0×	-66.29×	-268.02×	-19.1×	-15.08×	-9.31×
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	-2.1%	-11.3%	-20.3%	-36.0%	-45.2%	-19.4%	-11.0%	-9.2%
Return on invested capital	-2.8%	-6.4%	-11.7%	-19.5%	-27.6%	-12.1%	-8.7%	-6.9%
Return on assets	-1.1%	-5.8%	-9.2%	-15.9%	-19.7%	-9.0%	-6.6%	-6.1%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	23.4%	35.2%	0.0%	0.0%
Earnings yield	-0.9%	-43.2%	-5.4%	-8.7%	-10.5%	-8.8%	-6.9%	-2.3%
Enterprise value	€3.3M	€253.4K	€2.4M	€2.2M	€2.4M	€1.7M	€1.4M	€4.2M
Net debt / EBITDA	0.88×	2.82×	7.46×	3.13×	2.26×	-1.2×	-1.1×	-0.57×
Cash conversion cycle (days)	166	71	82	80	77	41	19	96