Technip Energies N.V. (TE.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

+38.8%

€45.83

vs €33.02 price

Levered DCF

€58.34

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.63

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	15.69×	11.63×	12.52×	8.53×	9.36×	11.04×	15.68×	-27.02×
P/B	2.6×	2.18×	1.96×	1.51×	1.55×	1.26×	1.27×	1.34×
P/S	0.8×	0.68×	0.62×	0.41×	0.36×	0.4×	0.4×	0.43×
EV / EBITDA	5.8×	2.38×	2.21×	0.13×	-0.69×	-0.55×	-0.84×	-4.85×
Gross margin	13.4%	13.7%	15.4%	14.1%	14.2%	17.6%	21.7%	17.8%
Operating margin	6.4%	6.7%	7.5%	8.0%	8.6%	8.9%	11.6%	6.0%
Net margin	5.0%	5.8%	4.9%	4.8%	3.8%	3.6%	2.5%	-1.6%
Current ratio	0.99×	1.05×	1.03×	0.98×	0.96×	0.93×	0.91×	0.93×
Debt / equity	0.56×	0.47×	0.52×	0.58×	0.67×	0.36×	0.48×	0.37×
Interest coverage	15.11×	15.89×	16.44×	2.7×	2.56×	2.47×	1.69×	1.11×
Dividend yield	2.6%	2.2%	2.5%	3.1%	0.0%	0.0%	18.1%	30.2%
Payout ratio	41.3%	26.0%	30.7%	26.3%	0.0%	0.2%	282.2%	-816.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.3%	18.8%	15.7%	17.6%	16.6%	11.4%	8.2%	-5.0%
Return on invested capital	8.5%	9.1%	9.3%	12.1%	13.5%	12.3%	9.9%	256.3%
Return on assets	3.7%	4.2%	3.4%	3.5%	2.9%	2.6%	1.7%	-1.1%
Free cash flow yield	9.9%	16.8%	8.9%	5.4%	38.6%	35.3%	42.4%	21.5%
Earnings yield	6.3%	8.6%	8.0%	11.7%	10.7%	9.1%	6.4%	-3.7%
Enterprise value	€3.4B	€1.7B	€1.3B	€77.7M	-€360.2M	-€259.4M	-€411.9M	-€732M
Net debt / EBITDA	-4.1×	-4.08×	-3.92×	-4.2×	-5.05×	-5.44×	-5.5×	-20.16×
Cash conversion cycle (days)	8	-6	32	21	5	2	-12	1