UBISOFT Entertainment (UBI.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

+2039.0%

€82.72

vs €3.87 price

Levered DCF

-€22.17

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.84

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-0.34×	-8.93×	15.82×	-6×	60.53×	74.57×	-59.98×	420.32×
P/B	0.35×	0.79×	1.34×	2×	2.64×	4.66×	5.73×	46.66×
P/S	0.36×	0.75×	1.09×	1.63×	2.25×	3.47×	4.72×	23.26×
EV / EBITDA	2.52×	3.87×	3.46×	5.47×	6.75×	10.17×	17.16×	61.37×
Gross margin	-25.7%	89.3%	91.1%	88.1%	87.3%	85.4%	84.1%	82.2%
Operating margin	-86.7%	-4.3%	13.6%	-32.3%	11.4%	13.0%	-3.7%	8.6%
Net margin	-105.7%	-8.4%	6.9%	-27.2%	3.7%	4.6%	-7.9%	5.4%
Current ratio	2.55×	1.68×	2.17×	2.78×	1.49×	2.3×	1.71×	1.33×
Debt / equity	1.22×	1.21×	1.34×	1.66×	1.15×	1.27×	1.08×	1.46×
Interest coverage	-13.22×	-0.78×	4.19×	-13.04×	9.86×	15.73×	-3.28×	7.6×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-100.5%	-8.9%	8.4%	-33.4%	4.4%	6.2%	-9.6%	10.9%
Return on invested capital	-36.8%	-2.0%	4.3%	-11.8%	2.4%	3.2%	-2.0%	4.4%
Return on assets	-37.4%	-3.4%	3.1%	-10.6%	1.6%	2.1%	-3.5%	3.0%
Free cash flow yield	48.4%	8.9%	-18.5%	-14.4%	-5.9%	1.4%	-2.1%	0.7%
Earnings yield	-290.6%	-11.2%	6.3%	-16.7%	1.7%	1.3%	-1.7%	0.2%
Enterprise value	€956.9M	€2.6B	€3.8B	€3.9B	€5.4B	€8.2B	€7.9B	€43.2B
Net debt / EBITDA	1.18×	1.75×	1.18×	1.35×	0.77×	0.58×	0.75×	0.42×
Cash conversion cycle (days)	105	-210	-133	9	16	-8	-61	-69