Roche Bobois S.A. (RBO.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

+1018.5%

€152.11

vs €13.60 price

Levered DCF

€102.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.22

Distress zone

Rating

B-

Overall 3 / 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	31.52×	25×	16.99×	11.34×	19.74×	19.31×	18.62×	27.03×
P/B	3.44×	4.13×	5.17×	3.82×	4.52×	2.97×	3.03×	3.27×
P/S	0.79×	0.94×	1.24×	0.87×	1.11×	0.72×	0.63×	0.66×
EV / EBITDA	7×	7.59×	7.65×	5.12×	6.93×	5.91×	6.18×	10.3×
Gross margin	65.0%	65.2%	64.9%	34.4%	30.4%	28.7%	62.5%	61.7%
Operating margin	5.4%	6.3%	10.8%	12.0%	8.4%	7.7%	6.1%	4.5%
Net margin	2.5%	3.8%	7.3%	7.7%	5.6%	3.7%	3.4%	2.4%
Current ratio	0.9×	0.96×	0.98×	1.07×	1.09×	0.96×	0.99×	1.25×
Debt / equity	2.2×	2.4×	2×	1.79×	2.12×	2.79×	2.27×	0.4×
Interest coverage	4.21×	4.77×	11.16×	6.07×	4.39×	4.13×	7.85×	49.59×
Dividend yield	4.0%	3.2%	4.2%	5.6%	1.3%	0.5%	1.6%	8.8%
Payout ratio	125.0%	81.0%	72.0%	63.3%	26.3%	9.9%	29.7%	239.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.0%	16.5%	30.4%	33.6%	22.9%	15.4%	16.3%	12.0%
Return on invested capital	5.2%	5.7%	10.9%	13.7%	7.7%	6.0%	6.3%	9.8%
Return on assets	2.3%	3.2%	6.9%	7.4%	4.6%	2.8%	3.2%	3.9%
Free cash flow yield	14.4%	11.2%	5.2%	14.9%	19.0%	27.0%	24.7%	1.2%
Earnings yield	3.2%	4.0%	5.9%	8.8%	5.1%	5.2%	5.4%	3.7%
Enterprise value	€471.2M	€561.4M	€671.7M	€445.2M	€458.3M	€299.9M	€271M	€175.9M
Net debt / EBITDA	2.3×	2.32×	1.59×	1.04×	1.34×	2.12×	2.24×	0.31×
Cash conversion cycle (days)	178	175	153	89	90	98	154	158