olivLaw · European equity research
Avenir Telecom AVT.PA
France · Euronext Paris · ISIN FR001400CFI7 · Vertical: Listed companies from France
Avenir Telecom is a French group active in sourcing, industrial steering and distribution of consumer electronics, under the Energizer® licence and its own Wonder brand. Consolidated revenue fell in the year ended 31 March 2026 to 10.402 million EUR from 11.019 million EUR.
At the close of 05 Nov 2026, Avenir Telecom (AVT.PA) stock was 0.06 EUR (−8.96% on the day), with market capitalisation 4.5 m EUR, beta 0.32, 52-week range 0.03–0.15 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 37.0
- weak (30–45)
- Bollinger (20, 2)
- 0.06 – 0.08
- below the lower band · %B -0.01 · band width 23.1%
- SMA 50 / 200
- 0.07 / 0.09
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +10.9% | −0.6% | +11.6 pp | — |
| 3 months | −34.3% | −4.2% | −30.1 pp | — |
| 6 months | −31.8% | +4.3% | −36.1 pp | — |
| Year to date | +84.8% | +7.5% | +77.3 pp | — |
| 1 year | +70.4% | +9.9% | +60.5 pp | −10.8% |
| 3 years | −59.1% | +49.8% | −108.9 pp | −4.2% |
| 5 years | −98.8% | +42.8% | −141.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 14.1 m | 11.0 m | 10.4 m |
| Revenue YoY | unavailable | −21.9% | −5.6% |
| Net income | -7.0 m | -10.2 m | -4.9 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | -0.10 | -0.14 | -0.07 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -49.7% | -92.3% | -46.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2026 · 31 Mar 2026
- Cash
- 8.6 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- -1.2 m EUR
- Total assets
- 16.3 m EUR
- Debt / equity
- unavailable
- Current ratio
- 3.13x
- ROE
- unavailable
- ROA
- -24.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 14.1 m | 11.0 m | 10.4 m | esef· 21 Jul 2026verified |
| Operating income | -7.0 m | -7.9 m | -4.2 m | esef· 21 Jul 2026verified |
| Interest expense | 721.0 k | 906.0 k | 493.0 k | esef· 21 Jul 2026verified |
| Pre-tax income | -7.0 m | -8.7 m | -4.6 m | esef· 21 Jul 2026verified |
| Income tax | 0 | 0 | 0 | esef· 21 Jul 2026verified |
| Net income | -7.0 m | -10.2 m | -4.9 m | esef· 21 Jul 2026verified |
| Diluted EPS | -0.10 | -0.14 | -0.07 | esef· 21 Jul 2026verified |
| Weighted average diluted shares | 68.4 m | 73.9 m | 73.9 m | esef· 21 Jul 2026verified |
Balance sheet · EUR
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Cash | 20.2 m | 13.3 m | 8.6 m | esef· 21 Jul 2026verified |
| Inventories | 5.1 m | 3.5 m | 2.1 m | esef· 21 Jul 2026verified |
| Current assets | 28.7 m | 20.6 m | 14.5 m | esef· 21 Jul 2026verified |
| Property, plant & equipment, net | 72.0 k | 73.0 k | 66.0 k | esef· 21 Jul 2026verified |
| Intangibles (excl. goodwill) | 1.0 k | 0 | 5.0 k | esef· 21 Jul 2026verified |
| Total assets | 31.7 m | 23.0 m | 16.3 m | esef· 21 Jul 2026verified |
| Current liabilities | 3.5 m | 5.2 m | 4.6 m | esef· 21 Jul 2026verified |
| Equity | 13.7 m | 3.6 m | -1.2 m | esef· 21 Jul 2026verified |
| Shares outstanding at year end | 68.6 m | 73.7 m | 73.8 m | esef· 21 Jul 2026derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 16.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 4.5 m EUR
Key indicators
Coverage and freshness
Score by group
17% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -46.8% | 21 (vs peers) | 38% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -8.5x | 0 (on a fixed band) | 38% |
| Current ratio · Balance sheet | 3.1x | 100 (on a fixed band) | 25% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial21/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AVENIR TELECOM (AVT.PA). Latest full fiscal year: 2026; data up to 2026-03-31.
Figures computed from the financial statements: revenue 10.4 m EUR in 2026; YoY growth -5.6%; net margin -46.8%; ROE -415.6%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 3.1x
What contradicts it
- Net margin: -46.8%
- Interest coverage: -8.5x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from France · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude | 109.3 bn | 33.2 | 12.9% | 12.2% | −2.0% | +26% / +32% |
| BN.PADanone | 44.1 bn | 21.9 | 11.9% | 7.4% | −0.9% | −11% / +16% |
| AC.PAAccor | 13.8 bn | 30.7 | 9.6% | 8.0% | +0.6% | +6% / +56% |
| ADP.PAAeroports De Paris | 11.7 bn | 34.1 | 7.8% | 5.6% | +12.1% | −7% / +4% |
| AKE.PAArkema | 7.1 bn | 115.4 | 0.9% | 0.7% | −5.0% | +12% / −37% |
| ALO.PAAlstom | 5.8 bn | 18.3 | 3.1% | 1.7% | +3.7% | −51% / −4% |
| AF.PAAir France - Klm | 4.3 bn | 13.6 | — | 1.0% | +4.8% | +20% / +9% |
| ATE.PAAlten | 3.1 bn | 29.5 | 4.8% | 2.6% | −1.1% | +33% / −29% |
| BB.PASociete Bic | 2.7 bn | 31.3 | 5.0% | 4.1% | −4.8% | +32% / +5% |
| ANTIN.PAAntin Infrastructure Partners | 1.4 bn | 13.0 | 21.9% | 36.6% | −8.1% | −24% / −35% |
| 74SW.PA74software | 792.7 m | 20.9 | 8.9% | 8.5% | +44.8% | −13% / +41% |
| AUB.PAAubay | 667.4 m | 17.8 | 13.6% | 6.3% | +11.3% | +3% / +45% |
| ASY.PAAssystem | 507.1 m | 69.9 | 2.5% | 1.1% | +7.4% | −19% / −18% |
| ATO.PAAtos Se | 483.0 m | — | -23,400.0% | -17.5% | −16.5% | −45% / −94% |
| ARAMI.PAAramis Group | 298.8 m | 15.0 | 10.0% | 0.8% | +6.3% | −33% / −16% |
| ARVEN.PAArverne Group | 246.1 m | — | -14.0% | -115.3% | +27.0% | +20% / −35% |
| BGO.PACompagnie Chargeurs Invest | 189.4 m | — | -8.6% | -5.7% | −2.9% | unavailable / unavailable |
| ALCIS.PACatering International & Services | 145.0 m | 28.4 | 9.3% | 1.9% | +5.8% | +39% / +107% |
| ALCGM.PACegedim | 144.6 m | — | -2.6% | -1.2% | +10.9% | −26% / −49% |
| ATEME.PAAteme | 144.0 m | 151.3 | 2.8% | 1.0% | +2.2% | +82% / +77% |
| ALHEX.PAHexaom | 144.0 m | 6.7 | 9.9% | 2.2% | +13.1% | −32% / +7% |
| ALBON.PACompagnie Lebon | 111.7 m | 16.5 | 4.2% | 8.8% | −17.9% | +6% / +8% |
| ALHYF.PALhyfe | 75.8 m | — | -33.4% | -570.5% | +287.2% | unavailable / unavailable |
| ALFER.PASergeferrari Group | 61.5 m | 11.5 | 5.1% | 1.5% | +7.4% | −33% / −27% |
| ABEO.PAAbeo | 60.8 m | 7.3 | 6.9% | 3.0% | +12.6% | −13% / −54% |
1- and 3-year price returns: for AVT.PA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Avenir Telecom is a French group active in sourcing, industrial steering and distribution of consumer electronics, under the Energizer® licence and its own Wonder brand. Consolidated revenue fell in the year ended 31 March 2026 to 10.402 million EUR from 11.019 million EUR 1.
SWOT
Strengths
- Exclusive worldwide Energizer® licence and a long-term contractual relationship with the brand owner 1.
- Integrated manufacturer–distributor model giving control over sourcing, quality and logistics 1.
- Over three decades of experience and an international distribution network with diversified partners 1.
Weaknesses
Opportunities
Risks
- Energizer® licencehigh
Termination or unfavourable modification of the licence could affect activity, inventories and prospects 1. The company rates this risk as high after mitigation 1.
- Dependence on Chinahigh
Production concentrated in China may expose the group to tariffs, restrictions and geopolitical tensions, with no immediate operational alternative 1.
- Dependence on subcontractorshigh
Failure of a strategic supplier could lead to supply disruption or non-compliant products 1.
- Inventory obsolescencehigh
Short product life cycles can lead to inventory write-downs, especially in technology categories 1.
- Customer concentrationmedium
A large share held by certain customers could amplify the impact of lost or reduced orders 1.
Investment thesis
What would need to be true (bull case)
What to watch
- Revenue trend by category, especially new categoriesnext annual report
- Status of the Energizer® licence and any contract changes2027
- Component price trends and their effect on margins2027
- Share of largest customers in revenuenext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Founded in 1989 in France, Avenir Telecom evolved from wholesaler to an integrated manufacturer–distributor model controlling the value chain from sourcing to market 1. The group designs products under the exclusive worldwide Energizer® licence for mobile accessories and develops the Wonder brand, focused on accessible energy and portable lighting 1. Manufacturing is subcontracted mainly in Asia, and the company focuses on entry and mid-range segments 1.
Activity relies on an international network of specialised, generalist and online distribution partners, supported by sales assistance, merchandising and after-sales services 1. The company is diversifying beyond historical telephony to reduce dependence on one product category 1. It has been listed on Euronext Paris since 1998 and is headquartered in Marseille 1. The Energizer® licence was extended to 31 December 2030 and widened to new categories, central to medium-term prospects 1.
Segments
Market context
The mobile market is stabilising after several years of declining volumes, with a split between premium and accessible offers 1. Accessories benefit from demand driven by connected devices and online sales 1. In IT, DRAM and NAND memory prices rose in 2026, a pressure the source attributes to production capacity tensions linked to artificial intelligence infrastructure 1.
Portable energy and home tool markets have structural growth, supported by mobility, energy resilience and home DIY 1. Both depend on supply chains concentrated in Asia, with risk of cost volatility 1.
Trends
- Rising component costsheadwind
Memory prices rose from 2026, which lifts selling prices and could reduce demand in price-sensitive segments 1. If the pressure persists, margins could be affected 1.
- Demand for accessories and portable energytailwind
The growing number of connected devices and the need for mobile charging support demand for accessories and powerbanks 1. This is a favourable factor for existing categories 1.
- Trade tensions with Chinaheadwind
Harder trade relations between large economic zones, observed since 2025, could affect tariffs and market access, given dependence on Chinese production 1.
- Diversification into new categoriesmixed
Extending the range into IT and tools may reduce dependence on telephony but requires investment and management of inventory risk 1.
Competitive position
Competition is intense and fragmented by category: telephony includes Apple, Samsung, Xiaomi, OPPO, vivo, Honor and Transsion, accessories include Anker, Belkin and Sony, and tools include Stanley Black & Decker, Bosch, TTI and Makita 1. Avenir Telecom differentiates through value-chain integration and quality control 1.
In portable energy, competitors include Anker, Xiaomi, Samsung, UGREEN and Aukey, with capacity, safety and brand reputation as key criteria 1. Price pressure and online channels intensify competition 1.
- AppleAAPL
Dominant player in smartphones, tablets and premium accessories, named in the source as a main competitor in several categories 1.
- Anker
Accessories and portable energy specialist, identified as an important player in powerbanks 1.
- Stanley Black & DeckerSWK
International power tool industrial group, present in entry and mid-range segments 1.
- Transsion Holdings
Global leader in non-smartphones under TECNO, itel and Infinix, active especially in emerging markets 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202621 Jul 2026
- Annual report 202521 Aug 2025
Sources
- [1] Annual report, fiscal year ended 2026-03-31 (ESEF) · SEC / Avenir Telecom · 31 Mar 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.