Parlem Telecom Companyia de Telecomunicacions, S.A. (PAR.MC) 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

+387.2%

€3.99

vs €0.82 price

Levered DCF

-€8.13

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.43

Distress zone

Rating

Overall 2 / 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
P/E	-11.74×	-17.5×	-13.4×	-5.58×	-15.23×	3,722.22×	-124.07×
P/B	-23.57×	21.61×	103.64×	8.73×	4.09×	20.15×	0×
P/S	1.09×	1.26×	1.33×	1.68×	2.48×	2.88×	4.78×
EV / EBITDA	46.09×	30.15×	30.15×	-22.3×	-79.97×	80.77×	722.13×
Gross margin	40.3%	28.2%	26.9%	41.2%	45.2%	25.7%	38.2%
Operating margin	-3.2%	-2.6%	-4.9%	23.4%	-11.7%	0.9%	-3.8%
Net margin	-9.1%	-9.9%	-15.6%	-30.5%	-16.4%	0.1%	-3.8%
Current ratio	0.37×	0.76×	0.53×	0.77×	0.88×	1.09×	0×
Debt / equity	-16.24×	9.62×	48.51×	3.46×	0.48×	0.36×	0×
Interest coverage	-0.66×	-0.53×	-0.88×	10.2×	-2.73×	1.07×	-3.47×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	196.8%	-169.1%	-1218.8%	-158.5%	-27.0%	0.4%	0.0%
Return on invested capital	-3.7%	-3.7%	-6.7%	24.4%	-9.8%	3.2%	-69.3%
Return on assets	-9.6%	-10.5%	-16.0%	-21.9%	-9.3%	0.1%	0.0%
Free cash flow yield	-11.9%	-6.3%	-5.4%	-11.2%	-10.7%	0.3%	0.0%
Earnings yield	-8.4%	-7.8%	-11.8%	-18.2%	-6.6%	0.0%	-0.8%
Enterprise value	€88.6M	€88.1M	€86.6M	€75.2M	€54.2M	€53.7M	€54.3M
Net debt / EBITDA	18.4×	8.73×	9.43×	-5.86×	0.14×	-0.94×	0×
Cash conversion cycle (days)	-4	-9	57	79	41	37	-50