Syensqo SA/NV (SYENS.BR) 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

-32.5%

€51.31

vs €76.00 price

Levered DCF

€56.99

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.07

Grey zone

Rating

C+

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	-114.27×	-1,479.25×	50.27×	11.03×	23.61×	-8.15×	0×
P/B	1.17×	0.99×	1.28×	2.13×	2.43×	3.42×	0×
P/S	1.23×	1.08×	1.37×	1.29×	1.74×	1.95×	0×
EV / EBITDA	8.2×	7.7×	9.22×	9.36×	13.71×	-56.59×	0×
Gross margin	28.4%	32.4%	33.6%	32.1%	31.2%	29.0%	0.0%
Operating margin	7.4%	10.4%	15.3%	16.1%	12.2%	8.4%	0.0%
Net margin	-1.1%	-0.1%	2.7%	11.7%	7.4%	-23.9%	0.0%
Current ratio	2.04×	1.71×	2.05×	0.82×	0.78×	0.68×	0.67×
Debt / equity	0.49×	0.28×	0.3×	1.19×	1.34×	1.87×	1.53×
Interest coverage	3.46×	5.43×	4.97×	9.8×	6.46×	2.35×	0×
Dividend yield	2.3%	2.3%	4.5%	2.3%	2.6%	3.2%	0.0%
Payout ratio	-267.7%	-3400.0%	225.9%	24.9%	61.0%	-26.3%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-1.0%	-0.1%	2.6%	19.3%	10.3%	-41.9%	0.0%
Return on invested capital	-8.6%	-0.1%	4.9%	10.9%	6.3%	4.4%	0.0%
Return on assets	-0.5%	-0.0%	1.5%	7.0%	3.5%	-11.3%	0.0%
Free cash flow yield	3.8%	2.9%	4.4%	7.1%	2.6%	7.4%	0.0%
Earnings yield	-0.9%	-0.1%	2.0%	9.1%	4.2%	-12.3%	0.0%
Enterprise value	€9.2B	€8.8B	€10.8B	€16.1B	€16.1B	€16B	€6.6B
Net debt / EBITDA	1.88×	1.27×	0.97×	3.27×	4.8×	-19.58×	0×
Cash conversion cycle (days)	92	88	26	163	186	165	0