EDAP TMS S.A. (FOCL) Key Metrics
FOCL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $193.1M
- Enterprise value
- $242.3M
- P/E (TTM)
- — 10-yr median 77.5
- Forward P/E
- 38.9
- PEG ratio
- —
- Price / sales
- 2.4 10-yr median 2.5
- Price / book
- 17.2 10-yr median 4.0
- EV / EBITDA
- — 10-yr median 57.2
- Dividend yield
- —
- Beta
- −0.05
FOCL key metrics, 2015–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFOCL valuation Price multiples at each fiscal year-end price.
Price / sales−53.3%
1.7
2025 · hover or tap a bar for each year
20152025
Price / book+86.0%
6.3
2025 · hover or tap a bar for each year
20152025
Free cash flow yield−19.8 pts
−17.4%
2025 · hover or tap a bar for each year
20152025
FOCL returns How much profit the business earns on the capital it uses.
Return on equity−153.0 pts
−151.1%
2025 · hover or tap a bar for each year
20152025
Return on invested capital−51.5 pts
−74.7%
2025 · hover or tap a bar for each year
20152025
Return on assets−38.2 pts
−37.1%
2025 · hover or tap a bar for each year
20152025
Free cash flow margin−39.5 pts
−30.3%
2025 · hover or tap a bar for each year
20152025
Asset turnover+33.6%
0.90
2025 · hover or tap a bar for each year
20152025
FOCL per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+17.6%
$1.89
2025 · hover or tap a bar for each year
20152025
Earnings per share
−$0.78
2025 · hover or tap a bar for each year
20152025
Free cash flow per share
−$0.57
2025 · hover or tap a bar for each year
20152025
Book value per share−70.5%
$0.52
2025 · hover or tap a bar for each year
20152025
Shares outstanding+15.5%
37.4M
2025 · hover or tap a bar for each year
20152025
FOCL financial health Debt, liquidity and how easily interest is covered.
Debt / equity+613.4%
1.43
2025 · hover or tap a bar for each year
20152025
Net debt+$49.5M
$7.2M
2025 · hover or tap a bar for each year
20152025
Current ratio−59.0%
1.54
2025 · hover or tap a bar for each year
20152025
Interest coverage
-31.9
2025 · hover or tap a bar for each year
20152025
Debt / assets+170.5%
0.35
2025 · hover or tap a bar for each year
20152025
FOCL efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+15 days
117 days
2025 · hover or tap a bar for each year
20152025
Days of inventory+5 days
115 days
2025 · hover or tap a bar for each year
20152025
Days payables outstanding+26 days
106 days
2025 · hover or tap a bar for each year
20152025
Cash conversion cycle−6 days
126 days
2025 · hover or tap a bar for each year
20152025
Capex / revenue+6.1 pts
7.0%
2025 · hover or tap a bar for each year
20152025
FOCL valuation history
Fiscal year-endToday8-year median
FOCL returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FOCL debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FOCL price vs earnings per share
Share price at year-endEPS (right axis)
FOCL key metrics
2015–2025| 2025 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $123.2M | $194.2M | $150.7M | $131.2M | $53.6M | $83.1M | $96.3M | $103.3M |
| Enterprise value | $130.4M | $151.9M | $134.1M | $117.5M | $39.1M | $64.8M | $76.0M | $92.0M |
| P/E ratio | — | 234.7 | — | 77.5 | — | — | 22.7 | — |
| Price / sales | 1.7 | 3.7 | 3.2 | 2.6 | 1.2 | 2.1 | 2.4 | 2.9 |
| Price / book | 6.3 | 3.4 | 4.7 | 4.3 | 1.9 | 2.8 | 3.7 | 6.6 |
| Price / free cash flow | — | 40.5 | 91.4 | 34.4 | — | — | 98.1 | 79.1 |
| Price / operating cash flow | — | 37.0 | 66.9 | 30.8 | 259.8 | — | 72.0 | 69.6 |
| EV / sales | 1.8 | 2.9 | 2.8 | 2.3 | 0.8 | 1.6 | 1.9 | 2.6 |
| EV / EBITDA | — | 57.2 | 65.3 | 32.0 | — | — | 48.5 | 79.6 |
| EV / free cash flow | — | 31.7 | 81.3 | 30.8 | — | — | 77.4 | 70.4 |
| Earnings yield | −23.8% | 0.4% | −1.3% | 1.3% | −0.7% | −0.9% | 4.4% | −1.8% |
| Free cash flow yield | −17.4% | 2.5% | 1.1% | 2.9% | −0.9% | −5.0% | 1.0% | 1.3% |
| Share price at fiscal year-end | $3.29 | $5.99 | $5.17 | $4.43 | $1.85 | $2.87 | $3.28 | $4.13 |
| Per share | ||||||||
| Revenue per share | $1.89 | $1.61 | $1.63 | $1.70 | $1.59 | $1.39 | $1.34 | $1.43 |
| Earnings per share | −$0.78 | $0.03 | −$0.07 | $0.06 | −$0.01 | −$0.03 | $0.14 | −$0.07 |
| Operating cash flow per share | −$0.44 | $0.16 | $0.08 | $0.14 | $0.01 | −$0.12 | $0.05 | $0.06 |
| Free cash flow per share | −$0.57 | $0.15 | $0.06 | $0.13 | −$0.02 | −$0.14 | $0.03 | $0.05 |
| Cash per share | $0.55 | $1.65 | $1.04 | $0.79 | $0.77 | $0.83 | $0.79 | $0.63 |
| Book value per share | $0.52 | $1.76 | $1.10 | $1.04 | $0.98 | $1.04 | $0.88 | $0.63 |
| Tangible book value per share | $0.39 | $1.65 | $0.97 | $0.92 | $0.86 | $0.92 | $0.79 | $0.52 |
| Capex per share | $0.13 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 |
| Debt per share | $0.74 | $0.35 | $0.47 | $0.33 | $0.27 | $0.20 | $0.10 | $0.18 |
| Shares outstanding | 37.4M | 32.4M | 29.1M | 29.6M | 29.0M | 29.0M | 29.4M | 25.0M |
| Change in shares outstanding | +15.5% | +11.2% | −1.6% | +2.1% | +0.1% | −1.4% | +17.4% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −151.1% | 1.9% | −6.2% | 5.7% | −1.4% | −2.7% | 20.5% | −11.8% |
| Return on invested capital (ROIC) | −74.7% | −23.3% | −2.3% | 8.7% | −14.4% | −20.8% | 7.6% | 0.8% |
| Return on assets (ROA) | −37.1% | 1.1% | −3.1% | 2.9% | −0.7% | −1.5% | 9.3% | −4.4% |
| Return on tangible assets | −39.4% | 1.0% | −3.1% | 3.0% | −0.8% | −1.5% | 9.2% | −4.7% |
| Free cash flow margin | −30.3% | 9.2% | 3.5% | 7.6% | −1.1% | −10.3% | 2.5% | 3.7% |
| Income quality (OCF / net income) | — | 6.35 | — | 2.51 | — | — | 0.31 | — |
| Financial health | ||||||||
| Total debt | $27.7M | $11.4M | $13.6M | $9.7M | $7.7M | $5.7M | $2.9M | $4.5M |
| Cash & short-term investments | $20.5M | $53.7M | $30.2M | $23.4M | $22.3M | $24.0M | $23.2M | $15.8M |
| Net debt | $7.2M | −$42.3M | −$16.6M | −$13.7M | −$14.5M | −$18.4M | −$20.3M | −$11.3M |
| Debt / equity | 1.43 | 0.20 | 0.42 | 0.32 | 0.27 | 0.19 | 0.11 | 0.29 |
| Debt / assets | 0.35 | 0.13 | 0.20 | 0.16 | 0.14 | 0.10 | 0.06 | 0.11 |
| Net debt / EBITDA | — | −15.90 | −8.09 | −3.74 | — | — | −12.95 | −9.81 |
| Current ratio | 1.54 | 3.75 | 2.11 | 2.41 | 2.40 | 2.45 | 2.70 | 2.03 |
| Quick ratio | 1.19 | 3.34 | 1.74 | 1.94 | 1.97 | 2.04 | 2.16 | 1.65 |
| Interest coverage | -31.9 | -57.1 | -3.8 | 7.2 | -18.0 | -46.1 | 6.9 | 0.6 |
| Working capital | $20.0M | $56.2M | $29.2M | $27.6M | $26.9M | $28.1M | $26.9M | $18.2M |
| Invested capital | $26.6M | $14.6M | $15.5M | $17.0M | $14.0M | $11.9M | $5.5M | $4.3M |
| Tangible asset value | $14.8M | $53.4M | $29.6M | $28.3M | $26.0M | $27.9M | $23.3M | $13.3M |
| Net current asset value | −$2.4M | $45.7M | $21.5M | $19.6M | $20.2M | $22.7M | $19.6M | $9.9M |
| Graham number | — | $1.00 | — | $1.15 | — | — | $1.69 | — |
| Graham net-net per share | −$0.42 | $1.15 | $0.42 | $0.37 | $0.41 | $0.49 | $0.42 | $0.11 |
| Capital allocation | ||||||||
| Capex / revenue | 7.0% | 0.9% | 1.3% | 0.9% | 1.5% | 1.8% | 0.9% | 0.5% |
| Capex / operating cash flow | — | 8.8% | 26.9% | 10.4% | 345.1% | — | 26.6% | 12.0% |
| Capex / depreciation | 1.44 | 0.20 | 0.24 | 0.19 | 0.41 | 0.40 | 0.31 | 0.16 |
| Stock-based compensation / revenue | 3.6% | — | — | — | — | — | — | — |
| R&D / revenue | 14.3% | 10.8% | 12.4% | 10.5% | 12.2% | 10.9% | 10.9% | 10.3% |
| SG&A / revenue | 63.7% | — | — | — | — | — | — | — |
| Efficiency | ||||||||
| Days sales outstanding | 116.5 | 101.2 | 112.3 | 106.6 | 118.6 | 114.9 | 108.2 | 130.4 |
| Days of inventory on hand | 115.2 | 110.2 | 130.3 | 118.8 | 113.5 | 128.0 | 130.2 | 119.1 |
| Days payables outstanding | 105.8 | 79.8 | 94.7 | 95.4 | 102.7 | 107.1 | 110.9 | 118.1 |
| Cash conversion cycle (days) | 125.9 | 131.6 | 147.9 | 130.0 | 129.5 | 135.8 | 127.4 | 131.4 |
| Receivables turnover | 3.13 | 3.61 | 3.25 | 3.43 | 3.08 | 3.18 | 3.37 | 2.80 |
| Payables turnover | 3.45 | 4.57 | 3.85 | 3.83 | 3.56 | 3.41 | 3.29 | 3.09 |
| Inventory turnover | 3.17 | 3.31 | 2.80 | 3.07 | 3.22 | 2.85 | 2.80 | 3.06 |
| Asset turnover | 0.90 | 0.67 | 0.75 | 0.87 | 0.83 | 0.76 | 0.87 | 0.85 |
| Average receivables | $22.6M | $14.4M | $14.6M | $14.7M | $15.0M | $12.7M | $11.7M | $12.8M |
| Average payables | $11.8M | $6.6M | $6.9M | $7.0M | $7.4M | $6.9M | $6.5M | $6.6M |
| Average inventory | $12.8M | $9.2M | $9.5M | $8.7M | $8.2M | $8.3M | $7.6M | $6.7M |
| Intangibles / total assets | 5.9% | 4.1% | 5.7% | 6.0% | 6.7% | 6.3% | 5.5% | 6.4% |
Computed from FOCL's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FOCL valuation and financial ratios
EDAP TMS earned a return on equity of −151.1% and a return on invested capital of −74.7% in fiscal 2025. It ended the year with $27.7 million of debt and $20.5 million in cash and short-term investments, net debt of $7.2 million. The share count rose 49.6% from 25.0M to 37.4M over 7 years.
See the FOCL income statement, the FOCL chart for price history, or the FOCL stock overview for the latest quote and news.
FOCL key metrics FAQ
What is EDAP TMS's return on equity?
EDAP TMS's return on equity (ROE) was −151.1% in fiscal 2025: net income of -$29.3 million on average shareholders' equity of $38.2 million.
What is EDAP TMS's ROIC?
EDAP TMS's return on invested capital was −74.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does EDAP TMS have?
EDAP TMS had total debt of $27.7 million at the end of fiscal 2025, a debt-to-equity ratio of 1.43.
What is EDAP TMS's free cash flow yield?
EDAP TMS generated -$21.4 million of free cash flow in fiscal 2025, a free cash flow yield of −17.4% on its market value at year-end ($123.2 million).
What is EDAP TMS's current ratio?
EDAP TMS's current ratio was 1.54 at the end of fiscal 2025: current assets were 1.54 times current liabilities.