Savencia S.A. (SAVE.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

+1074.2%

€669.31

vs €57.00 price

Levered DCF

€235.22

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.07

Grey zone

Rating

A-

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	10.89×	6.63×	7.67×	11.66×	10.12×	10.56×	11.52×	14.16×
P/B	0.52×	0.41×	0.47×	0.5×	0.57×	0.62×	0.62×	0.6×
P/S	0.13×	0.1×	0.11×	0.12×	0.15×	0.16×	0.17×	0.16×
EV / EBITDA	3.92×	2.56×	3.23×	3.55×	3.67×	3.51×	4.39×	5.87×
Gross margin	33.9%	33.8%	32.5%	4.3%	5.2%	4.9%	4.4%	34.4%
Operating margin	2.3%	2.9%	3.1%	3.5%	4.3%	4.0%	3.7%	3.7%
Net margin	1.1%	1.5%	1.4%	1.0%	1.5%	1.5%	1.5%	1.1%
Current ratio	1.12×	1.17×	1.22×	1.16×	1.13×	1.11×	1.06×	1.12×
Debt / equity	0.74×	0.7×	0.75×	0.68×	0.73×	0.84×	0.85×	0.82×
Interest coverage	2.69×	2.89×	3.48×	6.04×	8.82×	6.19×	6.69×	6.67×
Dividend yield	3.1%	3.1%	2.4%	2.6%	3.2%	0.2%	1.6%	2.5%
Payout ratio	36.8%	20.5%	18.1%	30.1%	32.5%	1.6%	18.7%	35.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.4%	6.2%	6.1%	4.3%	5.6%	5.8%	5.4%	4.2%
Return on invested capital	3.0%	4.3%	4.4%	4.5%	4.8%	4.4%	4.0%	4.5%
Return on assets	1.5%	2.2%	2.1%	1.5%	1.9%	1.9%	1.9%	1.5%
Free cash flow yield	6.8%	19.6%	11.0%	8.4%	8.6%	22.4%	3.7%	3.7%
Earnings yield	8.5%	15.1%	13.0%	8.6%	9.9%	9.5%	8.7%	7.1%
Enterprise value	€1.6B	€1.2B	€1.3B	€1.3B	€1.4B	€1.4B	€1.5B	€1.4B
Net debt / EBITDA	1.76×	1.04×	1.44×	1.42×	1.42×	1.39×	1.98×	2.51×
Cash conversion cycle (days)	6	13	60	63	62	54	60	41