olivLaw · European equity research
UTI GROUP. FPG.PA
France · Euronext Paris · ISIN FR0000074197 · Vertical: Listed companies from France
UTI GROUP. is a French digital services company (ESN) specialised in technical and functional assistance for large corporate clients in banking, insurance and industry. The group is in a transformation phase after majority control passed to EEKEM Group, which held 91,12 % of the capital after the June 2025 capital increase.
At the close of 05 Nov 2026, UTI GROUP. (FPG.PA) stock was 0.08 EUR (−12.22% on the day), with market capitalisation 3.5 m EUR, beta 0.04, 52-week range 0.08–0.14 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)
- 23.6
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.08 – 0.11
- below the lower band · %B -0.17 · band width 28.8%
- SMA 50 / 200
- 0.11 / 0.12
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD below 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 | −21.0% | −0.6% | −20.4 pp | — |
| 3 months | −34.2% | −4.2% | −30.0 pp | — |
| 6 months | −31.9% | +4.3% | −36.2 pp | — |
| Year to date | −36.8% | +7.5% | −44.3 pp | — |
| 1 year | −28.2% | +9.9% | −38.1 pp | −6.8% |
| 3 years | −84.5% | +49.8% | −134.4 pp | −15.9% |
| 5 years | −85.8% | +42.8% | −128.6 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 21.2 m | 20.8 m | 21.6 m |
| Revenue YoY | unavailable | −1.7% | +4.0% |
| Net income | -183.0 k | -6.7 m | -668.0 k |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | -0.02 | -0.62 | -0.02 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -0.9% | -32.4% | -3.1% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.5 m EUR
- Financial debt
- 500.0 k EUR
- Net debt
- -965.0 k EUR
- Equity
- 518.0 k EUR
- Total assets
- 12.9 m EUR
- Debt / equity
- 0.97x
- Current ratio
- 0.46x
- ROE
- unavailable
- ROA
- -6.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 21.2 m | 20.8 m | 21.6 m | esef· 12 May 2026verified |
| Operating income | 30.0 k | -6.9 m | -712.0 k | esef· 12 May 2026verified |
| Pre-tax income | -227.0 k | -7.1 m | -871.0 k | esef· 12 May 2026verified |
| Income tax | -44.0 k | -382.0 k | -203.0 k | esef· 12 May 2026verified |
| Net income | -183.0 k | -6.7 m | -668.0 k | esef· 12 May 2026verified |
| Diluted EPS | -0.02 | -0.62 | -0.02 | esef· 12 May 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 785.0 k | 1.2 m | 1.5 m | esef· 12 May 2026verified |
| Current assets | 2.6 m | 2.8 m | 4.3 m | esef· 12 May 2026verified |
| Property, plant & equipment, net | 36.0 k | 12.0 k | 22.0 k | esef· 12 May 2026verified |
| Goodwill | 10.0 m | 4.5 m | 5.2 m | esef· 12 May 2026verified |
| Intangibles (excl. goodwill) | 3.0 k | 1.0 k | 0 | esef· 12 May 2026verified |
| Total assets | 14.8 m | 9.5 m | 12.9 m | esef· 12 May 2026verified |
| Long-term debt | — | 593.0 k | 500.0 k | esef· 12 May 2026verified |
| Current liabilities | 8.2 m | 7.7 m | 9.3 m | esef· 12 May 2026verified |
| Equity | 3.8 m | -516.0 k | 518.0 k | esef· 12 May 2026verified |
| Shares outstanding at year end | 8.7 m | 11.0 m | 44.5 m | esef· 12 May 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: 2 of at least 6
- score weight coverage: 10.4% 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: 3.5 m EUR
Key indicators
Coverage and freshness
Score by group
10% · 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 · input data missing
- 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: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -3.1% | 31 (vs peers) | 60% |
| 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 | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 40% |
| 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 sheet· partial0/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial31/100 · 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
UTI GROUP (FPG.PA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 21.6 m EUR in 2025; YoY growth 4.0%; net margin -3.1%; ROE -66,800.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% 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
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Current ratio: 0.5x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, 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% |
| 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% |
| ABNX.PAAbionyx Pharma | 53.5 m | — | -92.3% | -136.6% | −10.7% | −62% / +19% |
1- and 3-year price returns: for FPG.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
UTI GROUP. is a French digital services company (ESN) specialised in technical and functional assistance for large corporate clients in banking, insurance and industry. The group is in a transformation phase after majority control passed to EEKEM Group, which held 91,12 % of the capital after the June 2025 capital increase 1.
SWOT
Strengths
- Clear positioning in proximity technical assistance, with a very high share of revenue from this activity 1.
- Large corporate client base with durable contracts that support recurring revenue and recognised sector expertise in banking and insurance 1.
- Financial and strategic backing from majority shareholder EEKEM Group, which led the restructuring and capital increase 1.
Weaknesses
- Dependence on a limited number of key managers, whose departure could affect management of the group 1.
- Concentration of activity on one type of service, which makes the group vulnerable to lower demand for technical assistance 1.
- No business interruption insurance cover, given that activity depends largely on consultants placed at client sites 1.
Opportunities
- Expansion into Big Data and artificial intelligence, a field with scarce specialists, could diversify the offer 1.
- The AZZURA CONSEIL acquisition could strengthen the position in consulting for financial institutions, a segment with high added value 1.
- Selling additional services to existing clients, moving from assistance to project ownership, could increase the value of each account 1.
Threats
- A tougher IT services market and pressure from larger competitors could affect margins and the win rate of new contracts 1.
- Cuts to large accounts' IT budgets could reduce the volume of consultants requested 1.
- Faster automation and artificial intelligence could reduce demand for some traditional technical assistance services 1.
Risks
- Dependence on key managershigh
The group's management relies on a limited number of key managers, and the loss of some of them could affect operations 1.
- Concentration on large accountsmedium
A small number of large clients could expose the group to sudden budget cuts or non-renewal of contracts 1.
- Technology risklow
The group updates its technologies regularly, but rapid changes in standards could require additional investment in training 1.
- Tax audit risklow
The company was subject to a tax audit in 2011, and any later reassessment of earlier periods could affect the financial position 1.
- Dominant majority shareholdermedium
EEKEM Group holds the majority of the capital and voting rights, which could limit the influence of minority shareholders on strategic decisions 1.
Investment thesis
What would need to be true (bull case)
- If expertise in technology niches and relationships with large accounts hold, the group could benefit from recurring revenue and a stable market position 1.
- Support from the majority shareholder and the AZZURA CONSEIL acquisition could accelerate the shift toward higher value-added services 1.
- If Big Data and artificial intelligence grow within client projects, the group could make use of its specialised consultants 1.
What would break the thesis
- Heavy focus on technical assistance could expose the group to falling demand for this type of service 1.
- Dependence on a few key managers and a small number of large clients could create operational vulnerabilities 1.
- Competition from much larger ESNs could squeeze margins and limit growth in some segments 1.
What to watch
- Integration of AZZURA CONSEIL and its effect on revenue in banking and insurance2026
- Trend in the share of technical assistance versus systems integration and product publishingnext 10-K
- Capital increase policy and shareholding structure after EEKEM Group's entry2026
- Stability of the large-account portfolio and contract renewal rate2026
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
UTI GROUP. is a proximity ESN with three decades of experience, based in Paris, Lyon and Strasbourg, providing specialised consultants to clients through technical and functional assistance contracts 1. In fiscal 2025, technical assistance accounted for 98,8 % of activity, with the remainder from systems integration and software publishing and distribution 1. The company has been listed in Paris since November 1999 and holds ISO 9001 : 2015 certification 1.
The group's strategy relies on niches: established technologies such as IBM mainframes, AS/400, Java and .NET, with large corporate clients. It does not compete with large strategy consultancies or with major outsourcing providers, targeting durable and mature projects instead 1.
In October 2025, the group acquired the business of AZZURA CONSEIL, a consultancy for financial institutions, aiming to strengthen its position in high value-added expertise in the banking and insurance sector 1. The deal fits the transformation strategy started after EEKEM Group entered the capital 1.
Segments
Technical and functional assistance
This is the main revenue engine, where consultants work directly on client projects for design, development, testing and deployment 1. Its share rose from 95,8 % in fiscal 2023 to 98,8 % in fiscal 2025 1.
Back Office, Front Office and Big Data offering
The offer is organised into three poles: back office operations on IBM mainframes, front office for relations with customers and third parties, and Big Data and artificial intelligence, a field still in development 1. The portfolio also reflects progress in agile methodologies 1.
Systems integration and product publishing
This segment is a small share of revenue, declining compared with earlier years, and includes application maintenance outsourcing and software products the group publishes or distributes 1.
Market context
The group operates in the IT services market alongside large ESNs such as CAP GEMINI, CGI, SOPRA - STERIA and GFI, and smaller players such as AUBAY and INFOTEL 1. Its clientele is mainly large corporate accounts in banking, insurance, industry, distribution and telecoms 1.
The referencing policy with large accounts limits client concentration and could reduce the effects of market fluctuations and tightening, since durable contracts support recurring revenue 1.
Trends
- Digitalisation and Big Datatailwind
Big data and artificial intelligence are seen as a future sector but require highly specialised teams, which could open opportunities for a provider with technical expertise 1.
- Concentration on large accountsmixed
Dependence on a limited number of large clients brings stable contracts but exposes the group to changes in those clients' IT budgets 1.
- Shift to agile methodologiestailwind
The adoption of Agile, Scrum and Kanban changes team organisation and the integration of business, development and testing, which could favour providers able to adapt quickly 1.
- Consolidation around bankingmixed
The AZZURA CONSEIL acquisition points to a focus on consulting for financial institutions, a segment with steady demand but intense competition 1.
Competitive position
UTI GROUP. competes with large ESNs such as CAP GEMINI, CGI, SOPRA - STERIA and GFI, as well as smaller players such as AUBAY and INFOTEL 1. Its focus on technology niches and proximity assistance could limit direct confrontation with large strategy consultancies 1.
The group avoids competing with ACCENTURE and the former CSC in large consulting and systems integration, as well as in outsourcing dominated by providers comparable in size to major clients, which defines and narrows its competitive ground 1.
- CAP GEMINI
Large European ESN cited as a direct competitor in IT services for large accounts 1.
- CGI
IT services and consulting company cited among the major ESN competitors 1.
- SOPRA - STERIA
European digital services group, also active in outsourcing, cited as a competitive reference 1.
- AUBAY
Smaller IT services provider active in the same French market 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202512 May 2026
- Annual report 202407 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / UTI GROUP. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.