WATCH Exacompta Clairefontaine S.A. (ALEXA.PA)
Industrials · Business Equipment & Supplies · PAR · France
69
Final Score
48.4%
Margin of Safety
37
Quality Score
€162.00
Current Price
€183.3M
Market Cap
Key Metrics
Pe Ratio
8.47
Pb Ratio
0.33
Ev Ebitda
2.31
Roe
4.0%
Gross Margin
51.2%
Operating Margin
6.1%
Net Margin
2.7%
Dividend Yield
438.0%
Debt To Equity
33.16
Current Ratio
3.14
Beta
0.19
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
€251.08
Base
€313.85
High
€376.62
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
8.47
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
3.00
Fcf Lookback
4.00
Debt To Equity
0.33
Current Ratio
3.14
Dilution Cagr
0.00
Stage B — Quality Score: 37/100
Stage C — Cyclicality: MED
Normalized EPS
€27.02
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 28.5 |
| Earnings Quality | 9.4 |
| Balance Sheet | 18.0 |
| Stability | 8.2 |
| Moat Proxies | 4.9 |
Top Drivers
- Deep discount: Exacompta Clairefontaine S.A. trades at €162.00, estimated intrinsic value is €313.85 — a 48% margin of safety. Graham requires ≥30%; this exceeds even the 45% strong-buy threshold.
- Low P/E of 8.5x — classic Graham deep-value territory. The market is pricing in pessimism, yet the business continues to generate positive earnings.
- Fortress balance sheet: D/E of 0.33x (conservative) and current ratio of 3.14x — ample liquidity and low financial risk. Graham emphasis on capital preservation.
Top Risks
- Moderate cyclicality (Cyclical sector: Industrials) — earnings may fluctuate.
- Quality concern: Operating margin in structural decline
Financial History
| Year | Revenue | Gross Profit | Operating Income | Net Income | EPS |
|---|---|---|---|---|---|
| 2021 | N/A | N/A | N/A | N/A | €18.27 |
| 2022 | €835.6M | €415.1M | €48.4M | €27.1M | €23.91 |
| 2023 | €843.2M | €436.9M | €72.1M | €43.1M | €38.11 |
| 2024 | €831.3M | €422.9M | €45.3M | €31.5M | €27.80 |
| 2025 | €802.5M | €410.7M | €32.4M | €21.6M | €N/A |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2021 | N/A | N/A | N/A |
| 2022 | €22.6M | €-30.3M | €-7.7M |
| 2023 | €126.4M | €-53.0M | €73.5M |
| 2024 | €87.6M | €-49.0M | €38.6M |
| 2025 | €71.8M | €-33.4M | €38.4M |