olivLaw · European equity research
Peugeot Invest PEUG.PA
France · Euronext Paris · ISIN FR0000064784 · Vertical: Listed companies from France
Peugeot Invest is a holding investor that takes stakes in private equity funds, real estate funds and direct co-investments, mainly in Europe and the United States. Its investment funds portfolio, valued at 1 101 mln EUR at the end of 2025, represents a significant part of its assets, and its recent strategy aims at greater concentration by sector and geography.
At the close of 05 Nov 2026, Peugeot Invest (PEUG.PA) stock was 56.20 EUR (−0.35% on the day), with market capitalisation 1.4 bn EUR, P/E 6.2 on diluted EPS of 9.01 EUR over the last 12 months, beta 0.92, 52-week range 50.50–79.00 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)
- 65.9
- strong (55–70)
- Bollinger (20, 2)
- 51.34 – 56.21
- in the upper half of the band · %B 1.00 · band width 9.0%
- SMA 50 / 200
- 53.67 / 60.33
- mixed trend
- MACD (12, 26, 9)
- 0.65 / 0.26
- 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 | +7.5% | −0.6% | +8.1 pp | — |
| 3 months | −1.9% | −4.2% | +2.2 pp | — |
| 6 months | −16.2% | +4.3% | −20.6 pp | — |
| Year to date | −25.9% | +7.5% | −33.4 pp | — |
| 1 year | −21.6% | +9.9% | −31.5 pp | −8.8% |
| 3 years | −40.1% | +49.8% | −90.0 pp | −10.0% |
| 5 years | −57.2% | +42.8% | −100.0 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.
Today's P/E sits at the 0 percentile of its own 3-quarter history (min 8.4, median 12.4, max 18.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | 136.6 m | 146.3 m | 223.5 m |
| Net income YoY | unavailable | +7.1% | +52.8% |
| Diluted EPS | 5.50 | 5.90 | 9.01 |
| Diluted EPS YoY | unavailable | +7.3% | +52.7% |
| net % | unavailable | unavailable | unavailable |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 197.0 m EUR
- Financial debt
- 1.1 bn EUR
- Net debt
- 909.8 m EUR
- Equity
- 4.7 bn EUR
- Total assets
- 5.9 bn EUR
- Debt / equity
- 0.24x
- Current ratio
- 1.19x
- ROE
- 4.5%
- ROA
- 3.6%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Interest expense | 27.8 m | 15.0 m | 18.5 m | esef· 09 Apr 2026verified |
| Pre-tax income | 185.3 m | 231.0 m | 232.7 m | esef· 09 Apr 2026verified |
| Income tax | -19.2 m | 6.1 m | -26.7 m | esef· 09 Apr 2026verified |
| Net income | 136.6 m | 146.3 m | 223.5 m | esef· 09 Apr 2026verified |
| Diluted EPS | 5.50 | 5.90 | 9.01 | esef· 09 Apr 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 122.4 m | 149.1 m | 197.0 m | esef· 09 Apr 2026verified |
| Current assets | 152.8 m | 168.6 m | 381.2 m | esef· 09 Apr 2026verified |
| Property, plant & equipment, net | 3.9 m | 3.4 m | 2.0 m | esef· 09 Apr 2026verified |
| Total assets | 8.9 bn | 6.7 bn | 5.9 bn | esef· 09 Apr 2026verified |
| Short-term debt | 16.3 m | 218.7 m | 305.9 m | esef· 09 Apr 2026verified |
| Long-term debt | 1.8 bn | 1.2 bn | 800.9 m | esef· 09 Apr 2026verified |
| Current liabilities | 34.2 m | 249.3 m | 321.7 m | esef· 09 Apr 2026verified |
| Equity | 6.9 bn | 5.2 bn | 4.7 bn | esef· 09 Apr 2026verified |
| Shares outstanding at year end | 24.9 m | 24.9 m | 24.9 m | esef· 09 Apr 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: 14.6% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 1.4 bn EUR
Key indicators
Coverage and freshness
Score by group
15% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 103.52 – 265.71 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E103.52 – 265.71 (Mid 160.35)21 companies used · median multiple 17.8x · quartiles 11.5x – 29.5x74SW.PA, ABEO.PA, AC.PA, ADP.PA, AF.PA, AI.PA, ALBON.PA, ALCIS.PA, ALCLA.PA, ALFER.PA, ALHEX.PA, ALO.PA, ALPWG.PA, ALSOG.PA, ANTIN.PA, ARAMI.PA, ATE.PA, AUB.PA, AURE.PA, BB.PA, BN.PA
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
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: 14.6% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| 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 | 1.2x | 32 (on a fixed band) | 29% |
| P/E (TTM) · Valuation | 6.2x | 92 (vs peers) | 71% |
| 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· partial32/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial92/100 · 1/3 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
PEUGEOT INVEST (PEUG.PA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: ROE 5.1%.
The estimated value range is 103.52–265.71 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 160.35 EUR, the price of 56.20 EUR leaves a potential of 185.3% (value / price − 1) and a margin of safety of 65.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 14.6% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 6.2x
- The price is below the estimated value range
What contradicts it
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.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from France · same country · compared with 40 companies
Multiples and returns vs the median
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 PEUG.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
Scenarios are not available. input data missing
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
Peugeot Invest is a holding investor that takes stakes in private equity funds, real estate funds and direct co-investments, mainly in Europe and the United States. Its investment funds portfolio, valued at 1 101 mln EUR at the end of 2025, represents a significant part of its assets, and its recent strategy aims at greater concentration by sector and geography 1.
SWOT
Strengths
- Diversified portfolio of funds and direct co-investments, with active management of disposals.
- Long-standing partnerships with specialised investment teams, such as ELV Associates.
- Ability to exit investments through secondary market transactions.
Weaknesses
- A large share of funds in gross assets can make company value sensitive to fund valuations.
- Undrawn commitments and capital calls make cash flows hard to anticipate.
- Reliance on external investment teams for real estate projects.
Opportunities
- A reorientation towards selected sectors and geographies could increase portfolio concentration.
- Impact funds under the ESG policy could open new categories of investment.
- Secondary markets could continue to provide liquidity for the fund portfolio.
Threats
- Falling real estate valuations could affect office and retail assets.
- Slower fund distributions could delay capital recovery.
- Competition for private equity deals could raise acquisition prices.
Risks
- Fund valuationhigh
The large share of investment funds in the revaluated gross asset means results depend on their valuations.
- Real estate riskmedium
Real estate projects in the US and France are exposed to the market cycle and to demand for offices and commercial space.
- Distribution timingmedium
Proceeds from disposals are spread over several payments, which can affect cash flow planning.
- Geographic concentrationlow
Exposure to the United States and Europe makes the company sensitive to macroeconomic developments in these regions.
- Reliance on third partieslow
Project management depends on external partners, which can limit direct control over execution.
Investment thesis
What would need to be true (bull case)
- If funds in the portfolio keep generating good performance and disposals on the secondary market remain accessible, the company could benefit from a recovery in the value of its assets.
- A shift towards sectors such as healthcare could create a more coherent portfolio with long-term growth opportunities.
- The experience of partner teams in real estate could support the value creation of projects under way.
What would break the thesis
- If fund valuations fall, the value of the revaluated gross asset could be significantly affected.
- Delays in distributions or in proceeds from disposals could limit the company's financial flexibility.
- A weak real estate cycle could reduce the returns of office and retail projects.
What to watch
- Development of the value of investment funds and their share of gross assets2026
- Collection of the three payments from the secondary portfolio sale2026
- Progress of the ELV Associates and Arboretum real estate projects2026
- Results of the new commitments to transmission private equity funds2027
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
Peugeot Invest invests mainly through private equity transmission funds, real estate assets and direct co-investments, with a long-term approach. According to the 2025 universal registration document, investment funds, including real estate funds and the Archimed Med Platform I and II funds, make up a significant share of the company's gross revaluated asset 1. The company reports both direct investments and commitments to funds managed by third parties.
Segments
Investment funds
This segment includes private equity transmission funds in Europe and the United States, impact funds under the ESG policy and real estate funds. In 2025 the company made five new commitments totalling 114 mln EUR, and part of the portfolio was sold on the secondary market for proceeds of 221 mln EUR 1.
Direct co-investments
Direct co-investments include real estate projects in the United States developed with ELV Associates, French assets such as Arboretum, and hotel or coliving projects. Individual commitments range from a few million euros up to 92 mln USD for the ELV Associates portfolio 1.
Market context
Peugeot Invest operates in the market for private equity funds and commercial and residential real estate, especially in Europe and North America. The company indicates a target allocation of 50-55% to North America and 45-50% to Europe for its transmission private equity portfolio 1.
Trends
- Secondary market salesmixed
The sale of 35 funds to a secondary fund shows that liquidity in secondary markets could open opportunities to reorganise the portfolio.
- Sector concentration in healthcaretailwind
Reclassifying the ArchiMed funds as investment funds reflects a move towards more concentrated sectors such as healthcare.
- Office and retail real estate marketheadwind
The office and retail real estate assets in the portfolio depend on rental demand and demand for commercial space, which can be influenced by the economic cycle.
- Distribution cyclemixed
The timing of fund distributions can vary from year to year, which makes cash flows harder to forecast.
Competitive position
Peugeot Invest competes with other holding investors and European and American private equity funds for access to deals and partners. The source documents do not explicitly name its competitors, so the list below reflects only the general context of the sector.
- European private equity funds
Compete for the same transmission private equity deals in Europe.
- American private equity funds
Operate in the same United States markets in which the company invests through funds.
- Real estate developers with co-investment models
Compete for partners and for residential and office projects.
- Value-add real estate funds
Compete for retail and office assets in urban centres.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202509 Apr 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Peugeot Invest · 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.