Groupe Partouche S.A. (PARP.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

+1642.9%

€302.40

vs €17.35 price

Levered DCF

-€56.16

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.01

Distress zone

Rating

Overall 4 / 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	3.51×	190.91×	8.88×	5.24×	-3.7×	-9.14×	13.25×	33.85×
P/B	0.46×	0.59×	0.49×	0.54×	0.65×	0.45×	0.67×	0.61×
P/S	0.39×	0.47×	0.4×	0.46×	0.75×	0.46×	0.57×	0.51×
EV / EBITDA	3.81×	5.01×	3.55×	3.01×	24.85×	5.3×	3.61×	4.41×
Gross margin	14.0%	23.9%	33.9%	29.9%	4.9%	19.7%	32.4%	31.2%
Operating margin	6.7%	3.5%	6.5%	10.5%	-17.8%	-3.5%	7.4%	5.1%
Net margin	11.1%	0.3%	4.5%	8.8%	-20.3%	-5.1%	4.3%	1.5%
Current ratio	0.88×	0.81×	1.04×	1.15×	1.28×	1.17×	1.13×	1.02×
Debt / equity	1.4×	0.87×	0.78×	0.83×	0.96×	0.7×	0.44×	0.51×
Interest coverage	4.74×	1.12×	3.57×	5.13×	-9.36×	-2.7×	8.1×	5.18×
Dividend yield	1.7%	1.5%	1.8%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	6.0%	279.7%	16.3%	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	13.1%	0.3%	5.5%	10.3%	-17.4%	-5.0%	5.1%	1.8%
Return on invested capital	2.4%	0.8%	4.0%	6.0%	-7.1%	-1.8%	4.4%	3.4%
Return on assets	5.0%	0.1%	2.3%	4.3%	-6.5%	-2.2%	2.6%	0.9%
Free cash flow yield	-33.3%	-14.3%	6.8%	20.6%	1.9%	8.7%	7.0%	-7.5%
Earnings yield	28.5%	0.5%	11.2%	19.1%	-27.0%	-10.9%	7.5%	2.9%
Enterprise value	€561.3M	€382.8M	€288.2M	€289.7M	€300.4M	€267.4M	€289.5M	€281.1M
Net debt / EBITDA	2.59×	2.37×	1.48×	1.15×	8.95×	2.15×	0.53×	1.09×
Cash conversion cycle (days)	24	8	9	11	22	25	9	1