VIEL & Cie, S.A. (VIL.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

+640.7%

€127.40

vs €17.20 price

Levered DCF

€95.16

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.8

Distress 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	8.37×	5.99×	5.48×	5.13×	7.46×	8.03×	7.46×	6.77×
P/B	1.93×	1.4×	1.13×	0.86×	0.95×	1.06×	0.87×	0.81×
P/S	0.89×	0.67×	0.5×	0.38×	0.44×	0.44×	0.37×	0.37×
EV / EBITDA	4.49×	4.01×	3.13×	3.79×	5.23×	4.05×	5.7×	4.26×
Gross margin	98.0%	13.2%	32.0%	31.4%	28.8%	29.2%	29.6%	29.4%
Operating margin	15.3%	13.2%	11.7%	9.6%	8.6%	9.3%	7.2%	5.2%
Net margin	9.9%	10.4%	9.1%	7.3%	5.9%	5.5%	5.0%	5.5%
Current ratio	48.42×	1.32×	1.34×	2.97×	3.46×	3.04×	3.36×	3.27×
Debt / equity	0.86×	0.92×	0.94×	1.07×	1.45×	1.12×	1.52×	1.11×
Interest coverage	10.5×	0×	6.98×	6.43×	6.24×	0×	4.7×	4.71×
Dividend yield	2.6%	3.3%	4.1%	5.1%	4.8%	4.2%	5.3%	4.9%
Payout ratio	23.2%	20.9%	22.7%	26.3%	35.9%	33.7%	39.8%	33.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	21.6%	21.8%	20.7%	16.7%	12.7%	13.2%	11.6%	11.9%
Return on invested capital	5.1%	9.8%	9.3%	14.2%	9.2%	13.7%	7.6%	7.2%
Return on assets	4.3%	4.3%	3.7%	2.8%	1.6%	2.0%	1.6%	2.0%
Free cash flow yield	12.9%	15.4%	22.6%	39.3%	14.6%	21.9%	26.2%	-9.4%
Earnings yield	11.2%	15.6%	18.2%	19.4%	13.4%	12.5%	13.3%	14.7%
Enterprise value	€1.2B	€729.2M	€490.5M	€482.9M	€536M	€458.2M	€516.9M	€317.9M
Net debt / EBITDA	0.36×	-0.25×	-0.3×	0.82×	1.51×	0.58×	2.13×	0.31×
Cash conversion cycle (days)	-18,335	63	-77	-113	-175	-102	-147	-420