Viridien (VIRI.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

+427.5%

€480.33

vs €91.05 price

Levered DCF

€471.23

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.69

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	11.21×	7.58×	36.77×	11.23×	-3.34×	-1.82×	-32.92×	-8.19×
P/B	0.73×	0.35×	0.51×	0.48×	0.61×	0.77×	1.66×	0.49×
P/S	0.77×	0.31×	0.44×	0.52×	0.57×	0.9×	1.68×	0.7×
EV / EBITDA	3.81×	4.64×	4.03×	3.04×	3.52×	-42.9×	4.4×	2.75×
Gross margin	32.7%	28.1%	24.0%	29.3%	19.7%	18.0%	28.7%	22.0%
Operating margin	19.7%	11.8%	11.1%	15.0%	7.7%	2.6%	17.2%	8.3%
Net margin	6.9%	4.1%	1.2%	4.9%	-17.2%	-49.7%	-5.1%	-8.5%
Current ratio	1.45×	1.83×	1.77×	1.83×	1.78×	1.72×	1.66×	1.66×
Debt / equity	0.94×	1.07×	1.4×	1.2×	1.34×	1.23×	0.84×	0.71×
Interest coverage	1.8×	1.31×	1.15×	1.32×	0.57×	0.15×	1.95×	0.76×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.5%	4.6%	1.4%	4.5%	-18.2%	-42.2%	-5.0%	-6.0%
Return on invested capital	7.0%	4.4%	1.2%	4.7%	3.2%	0.9%	8.8%	3.2%
Return on assets	2.7%	1.8%	0.4%	1.6%	-6.0%	-14.0%	-2.0%	-2.5%
Free cash flow yield	43.2%	45.6%	37.1%	41.0%	30.9%	15.0%	23.0%	23.1%
Earnings yield	8.9%	13.2%	2.7%	9.4%	-29.9%	-54.9%	-3.0%	-12.2%
Enterprise value	€1.7B	€1.2B	€1.5B	€1.3B	€1.4B	€1.5B	€2.9B	€1.5B
Net debt / EBITDA	1.97×	3.23×	2.75×	1.98×	2.19×	-22.87×	0.93×	1.28×
Cash conversion cycle (days)	166	120	162	215	192	209	138	212