(AYV) ALD - Overview
Sector: Industrials | Industry: Rental & Leasing Services | Exchange: PA (France) | Market Cap: 8.838m EUR | Total Return: 36.9% in 12m
Avg Turnover: 6.08M
EPS Trend: -47.9%
Qual. Beats: 0
Rev. Trend: 94.8%
Warnings
High Debt/EBITDA (7.7) with thin interest coverage (1.2)
High Debt while negative Cash Flow
Altman Z'' 0.26 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Ayvens, a subsidiary of Société Générale, is a global provider of vehicle fleet management and full-service leasing solutions headquartered in France. The company offers a comprehensive suite of mobility products, including consultancy, car auctions, and sale-and-leaseback arrangements for corporate and individual clients. Formerly known as ALD S.A., the firm rebranded to Ayvens in 2024 following its large-scale acquisition of LeasePlan.
The vehicle leasing sector operates on a capital-intensive model where profitability depends heavily on the residual value of assets at the end of the contract term. By managing the entire lifecycle of a vehicle-from procurement and maintenance to secondary market resale-fleet managers aim to mitigate depreciation risks while generating recurring service revenue. You can further examine the companys valuation metrics and dividend history on ValueRay.
- Used car market price volatility impacts residual value disposal gains
- Synergy realization from LeasePlan integration dictates operational margin efficiency
- High interest rate environment pressures net financing income and funding costs
- European electric vehicle adoption rates influence fleet depreciation and tax incentives
- Parent company Société Générale’s strategic capital allocation affects dividend payout capacity
| Net Income: 1.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -2.93 > 1.0 |
| NWC/Revenue: -10.11% < 20% (prev -37.98%; Δ 27.87% < -1%) |
| CFO/TA 0.34 > 3% & CFO 24.3b > Net Income 1.48b |
| Net Debt (34.6b) to EBITDA (4.51b): 7.68 < 3 |
| Current Ratio: 0.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (834.0m) vs 12m ago -14.73% < -2% |
| Gross Margin: 16.39% > 18% (prev 0.20%; Δ 1.62k% > 0.5%) |
| Asset Turnover: 34.20% > 50% (prev 16.78%; Δ 17.42% > 0%) |
| Interest Coverage Ratio: 1.23 > 6 (EBITDA TTM 4.51b / Interest Expense TTM 3.31b) |
| A: -0.05 (Total Current Assets 2.04b - Total Current Liabilities 5.87b) / Total Assets 70.9b |
| B: 0.08 (Retained Earnings 5.49b / Total Assets 70.9b) |
| C: 0.04 (EBIT TTM 4.09b / Avg Total Assets 111b) |
| D: 0.11 (Book Value of Equity 6.67b / Total Liabilities 59.8b) |
| Altman-Z'' = 0.26 = B |
| DSRI: 0.16 (Receivables 2.39b/9.94b, Revenue 37.8b/25.2b) |
| GMI: 1.20 (GM 16.39% / 19.62%) |
| AQI: 0.48 (AQ_t 0.25 / AQ_t-1 0.51) |
| SGI: 1.50 (Revenue 37.8b / 25.2b) |
| TATA: -0.32 (NI 1.48b - CFO 24.3b) / TA 70.9b) |
| Beneish M = -3.82 (Cap -4..+1) = AAA |
As of May 30, 2026, the stock is trading at EUR 11.58 with a total of 5,543,717 shares traded.
Over the past week, the price has changed by +3.53%,
over one month by +4.83%,
over three months by +5.78% and
over the past year by +36.87%.
ALD has no consensus analysts rating.
P/E Trailing = 10.1622
P/E Forward = 8.5985
P/S = 0.353
P/B = 0.7697
Revenue TTM = 37.8b EUR
EBIT TTM = 4.09b EUR
EBITDA TTM = 4.51b EUR
Long Term Debt = 36.4b EUR (from longTermDebt, last quarter)
Short Term Debt = 244.1m EUR (from shortTermDebt, last quarter)
Debt = 36.6b EUR (from shortLongTermDebtTotal, last quarter) + Leases 265.1m
Net Debt = 34.6b EUR (calculated: Debt 36.6b - CCE 2.04b)
Enterprise Value = 43.4b EUR (8.84b + Debt 36.6b - CCE 2.04b)
Interest Coverage Ratio = 1.23 (Ebit TTM 4.09b / Interest Expense TTM 3.31b)
EV/FCF = -5.98x (Enterprise Value 43.4b / FCF TTM -7.27b)
FCF Yield = -16.73% (FCF TTM -7.27b / Enterprise Value 43.4b)
FCF Margin = -19.22% (FCF TTM -7.27b / Revenue TTM 37.8b)
Net Margin = 3.91% (Net Income TTM 1.48b / Revenue TTM 37.8b)
Gross Margin = 16.39% ((Revenue TTM 37.8b - Cost of Revenue TTM 31.6b) / Revenue TTM)
Gross Margin QoQ = 9.69% (prev 13.53%)
Tobins Q-Ratio = 0.61 (Enterprise Value 43.4b / Total Assets 70.9b)
Interest Expense / Debt = 9.04% (Interest Expense 3.31b / Debt 36.6b)
Taxrate = 28.45% (201.4m / 708.0m)
NOPAT = 2.93b (EBIT 4.09b * (1 - 28.45%))
Current Ratio = 0.35 (Total Current Assets 2.04b / Total Current Liabilities 5.87b)
Debt / Equity = 3.33 (Debt 36.6b / totalStockholderEquity, last quarter 11.0b)
Debt / EBITDA = 7.68 (Net Debt 34.6b / EBITDA 4.51b)
Debt / FCF = -4.76 (negative FCF - burning cash) (Net Debt 34.6b / FCF TTM -7.27b)
Total Stockholder Equity = 11.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.34% (Net Income 1.48b / Total Assets 70.9b)
RoE = 13.19% (Net Income TTM 1.48b / Total Stockholder Equity 11.2b)
RoCE = 8.59% (EBIT 4.09b / Capital Employed (Equity 11.2b + L.T.Debt 36.4b))
RoIC = 4.50% (NOPAT 2.93b / Invested Capital 65.0b)
WACC = 6.46% (E(8.84b)/V(45.5b) * Re(6.44%) + D(36.6b)/V(45.5b) * Rd(9.04%) * (1-Tc(0.28)))
Discount Rate = 6.44% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 23.00 | Cagr: 9.08%
[DCF] Fair Price = unknown (Cash Flow -7.27b)
EPS Correlation: -47.88 | EPS CAGR: -19.28% | SUE: 0.23 | # QB: 0
Revenue Correlation: 94.83 | Revenue CAGR: 40.27% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.31 | Chg30d=-7.00% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.35 | Chg30d=+5.65% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.25 | Chg30d=-5.73% | Revisions=-14% | GrowthEPS=+21.2% | GrowthRev=+0.2%
EPS next Year (2027-12-31): EPS=1.40 | Chg30d=-1.11% | Revisions=-25% | GrowthEPS=+12.6% | GrowthRev=-2.1%
[Analyst] Revisions Ratio: -25%