Séché Environnement S.A. (SCHP.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

+967.2%

€823.88

vs €77.20 price

Levered DCF

€984.79

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.25

Distress zone

Rating

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	26.5×	17×	17.94×	15.7×	19.73×	22.49×	16.49×	13.3×
P/B	0.85×	1.66×	2.54×	2.26×	2.08×	1.23×	1.15×	0.83×
P/S	0.45×	0.51×	0.79×	0.72×	0.71×	0.46×	0.41×	0.35×
EV / EBITDA	5.07×	6.89×	7.55×	6.73×	6.43×	5.79×	5.74×	5.52×
Gross margin	13.8%	57.0%	58.0%	26.1%	25.6%	23.5%	22.2%	59.2%
Operating margin	6.5%	7.7%	9.3%	8.9%	8.7%	7.2%	6.7%	7.6%
Net margin	1.7%	3.0%	4.4%	4.6%	3.6%	2.1%	2.5%	2.7%
Current ratio	2.04×	0.8×	1.09×	1.03×	1.32×	1.07×	1.04×	1.03×
Debt / equity	1.88×	2.8×	2.36×	2.27×	2.4×	2.2×	2.15×	1.66×
Interest coverage	1.81×	2.65×	4.21×	4.58×	3.02×	2.68×	2.93×	3.21×
Dividend yield	1.6%	1.5%	1.0%	1.1%	1.3%	2.4%	2.5%	3.6%
Payout ratio	43.4%	26.3%	18.0%	17.5%	26.1%	53.7%	41.6%	47.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.2%	9.8%	14.1%	14.4%	10.5%	5.5%	7.0%	6.2%
Return on invested capital	2.8%	3.6%	6.1%	5.7%	4.8%	3.6%	3.6%	4.7%
Return on assets	0.8%	1.7%	3.0%	3.2%	2.3%	1.3%	1.6%	1.7%
Free cash flow yield	14.5%	19.3%	11.1%	4.8%	6.7%	12.8%	7.8%	15.2%
Earnings yield	3.8%	5.9%	5.6%	6.4%	5.1%	4.5%	6.1%	7.5%
Enterprise value	€1.1B	€1.5B	€1.5B	€1.3B	€1B	€760.7M	€749.6M	€557M
Net debt / EBITDA	2.49×	4.03×	3.21×	3.04×	2.95×	3.43×	3.49×	3.46×
Cash conversion cycle (days)	48	-55	-51	37	17	26	41	-28