olivLaw · European equity research
Sopra Steria Group SOP.PA
France · Euronext Paris · ISIN FR0000050809 · Vertical: Listed companies from France
Sopra Steria Group is a European digital services group that delivers consulting, integration and IT system management projects for clients in regulated sectors. For the group, the current stake is combining growth with control of execution risks, talent acquisition and compliance, against a backdrop of digital and artificial intelligence transformation. The annual report for fiscal 2025 shows a recruitment pace of over 8,313 employees and a turnover rate of 14.3 percent, indicators that support its growth ambitions.
At the close of 05 Nov 2026, Sopra Steria Group (SOP.PA) stock was 197.20 EUR (−0.50% on the day), with market capitalisation 3.8 bn EUR, P/E 13.0 on diluted EPS of 15.16 EUR over the last 12 months, dividend yield 2.36%, beta 0.59, 52-week range 112.00–198.20 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)
- 74.6
- overbought (≥ 70)
- Bollinger (20, 2)
- 165.56 – 200.47
- in the upper half of the band · %B 0.91 · band width 19.1%
- SMA 50 / 200
- 172.28 / 150.36
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 7.13 / 5.71
- 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 | +18.4% | −0.6% | +19.1 pp | — |
| 3 months | +3.4% | −4.2% | +7.6 pp | — |
| 6 months | +41.3% | +4.3% | +36.9 pp | — |
| Year to date | +27.6% | +7.5% | +20.0 pp | — |
| 1 year | +51.8% | +9.9% | +41.9 pp | −6.8% |
| 3 years | +12.9% | +49.8% | −37.0 pp | −15.9% |
| 5 years | +15.5% | +42.8% | −27.4 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 33 percentile of its own 3-quarter history (min 10.2, median 13.9, max 22.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5.5 bn | 5.8 bn | 5.6 bn |
| Revenue YoY | unavailable | +5.6% | −2.2% |
| Net income | 183.7 m | 251.0 m | 296.8 m |
| Net income YoY | unavailable | +36.6% | +18.2% |
| Diluted EPS | 8.94 | 12.34 | 15.16 |
| Diluted EPS YoY | unavailable | +38.0% | +22.9% |
| net % | 3.4% | 4.3% | 5.3% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 511.8 m EUR
- Financial debt
- 520.5 m EUR
- Net debt
- 8.7 m EUR
- Equity
- 2.1 bn EUR
- Total assets
- 5.7 bn EUR
- Debt / equity
- 0.24x
- Current ratio
- unavailable
- ROE
- 14.4%
- ROA
- 5.2%
- 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 | 5.5 bn | 5.8 bn | 5.6 bn | esef· 18 Mar 2026verified |
| Operating income | 384.3 m | 460.3 m | 441.2 m | esef· 18 Mar 2026verified |
| Income tax | 114.2 m | 96.8 m | 96.7 m | esef· 18 Mar 2026verified |
| Net income | 183.7 m | 251.0 m | 296.8 m | esef· 18 Mar 2026verified |
| Diluted EPS | 8.94 | 12.34 | 15.16 | esef· 18 Mar 2026verified |
| Dividend per share | 4.30 | 4.65 | 4.65 | esef· 18 Mar 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 191.7 m | 423.4 m | 511.8 m | esef· 18 Mar 2026verified |
| Property, plant & equipment, net | 164.6 m | 148.7 m | 125.8 m | esef· 18 Mar 2026verified |
| Goodwill | 2.6 bn | 2.3 bn | 2.4 bn | esef· 18 Mar 2026verified |
| Intangibles (excl. goodwill) | 322.6 m | 238.5 m | 233.6 m | esef· 18 Mar 2026verified |
| Total assets | 6.1 bn | 5.6 bn | 5.7 bn | esef· 18 Mar 2026verified |
| Long-term debt | 619.5 m | 616.7 m | 520.5 m | esef· 18 Mar 2026verified |
| Total liabilities | 4.2 bn | 3.7 bn | 3.5 bn | esef· 18 Mar 2026verified |
| Equity | 1.9 bn | 2.0 bn | 2.1 bn | esef· 18 Mar 2026verified |
| Shares outstanding at year end | 20.2 m | 20.1 m | 19.5 m | esef· 18 Mar 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: 27.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 3.8 bn EUR
Key indicators
Coverage and freshness
Score by group
27% · 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: 63.24 – 451.78 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/E168.15 – 451.78 (Mid 259.70)20 companies used · median multiple 17.1x · quartiles 11.1x – 29.8x74SW.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
- Dividend discount (DDM)63.24 – 86.24 (Mid 72.97)
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: 27.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 17.1% | 76 (vs peers) | 38% |
| Net margin · Quality | 5.3% | 77 (vs peers) | 23% |
| 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 | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 13.0x | 70 (vs peers) | 38% |
| 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· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality76/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial70/100 · 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
SOPRA STERIA GROUP (SOP.PA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 5.6 bn EUR in 2025; YoY growth -2.2%; net margin 5.3%; ROE 14.8%.
The estimated value range is 115.69–269.01 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 166.33 EUR, the price of 197.20 EUR leaves a potential of -15.7% (value / price − 1) and a margin of safety of -18.6% (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: 3 of at least 6; score weight coverage: 27.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 17.1%
- Net margin: 5.3%
What contradicts it
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, 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% |
| SOP.PASopra Steria Group | 3.8 bn | 13.0 | 14.8% | 5.3% | −2.2% | +50% / +4% |
| 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 SOP.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 | 109.18 Total return -43% · Per year -43% | 193.69 Total return 1% · Per year 1% | 292.67 Total return 51% · Per year 51% |
| 3 years | 92.11 Total return -48% · Per year -20% | 185.15 Total return 1% · Per year 0% | 309.11 Total return 65% · Per year 18% |
| 5 years | 77.71 Total return -53% · Per year -14% | 176.99 Total return 1% · Per year 0% | 326.48 Total return 80% · Per year 13% |
- Exit P/E± 46.29
- Net margin± 32.40
- Annual revenue growth± 28.43
- Annual dilution± 2.72
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
Sopra Steria Group is a European digital services group that delivers consulting, integration and IT system management projects for clients in regulated sectors. For the group, the current stake is combining growth with control of execution risks, talent acquisition and compliance, against a backdrop of digital and artificial intelligence transformation. The annual report for fiscal 2025 shows a recruitment pace of over 8,313 employees and a turnover rate of 14.3 percent, indicators that support its growth ambitions.
SWOT
Strengths
- The group has an internal control structure based on the AMF framework and a common steering system that links risks to management 1.
- Investments in implementation platforms and the rAIse programme strengthen delivery capacity 1.
- The training and skills development policy supports the technical expertise clients require 1.
Weaknesses
- Projects with outcome obligations expose the group to cost and deadline overruns, with impact on margins 1.
- Dependence on attracting and keeping scarce experts makes the business vulnerable to turnover among key staff 1.
- The regulatory complexity of international activity increases the compliance burden 1.
Opportunities
Risks
- Project executionhigh
A mistaken assessment of workload or technical solutions can lead to cost and deadline overruns, with penalties and margin impact 1.
- Talent acquisitionhigh
If recruitment mechanisms are not optimised, the group could struggle to obtain the skills its growth strategy requires 1.
- Retention of key staffmedium
Uncontrolled turnover of experts and managers could affect delivery and project continuity 1.
- Compliance and regulationmedium
Legislative changes or breaches by employees could affect activities and operating results 1.
- Business continuitylow
Losses linked to business interruption are covered by insurance programmes, but uninsured risks may remain 1.
Investment thesis
What would need to be true (bull case)
- If demand for cloud and artificial intelligence stays high, the group could turn its industrialisation investments into better margins.
- A common steering system and robust internal control could reduce the risk of overruns on large projects.
- Hiring and training policies could strengthen the group's skills advantage against competitors.
What would break the thesis
- If the talent shortage intensifies, growth could be limited by higher salary costs.
- Projects with outcome obligations can erode margins if initial estimates prove wrong.
- Regulatory changes in the countries where the group operates could raise compliance costs.
What to watch
- Trend in staff turnover and recruitment rate2026
- Development of revenue from projects with outcome obligations2026
- Regulatory changes affecting international activities2027
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
The group acts as an IT solutions provider for large clients, especially in the financial sector and other regulated industries. According to the annual report, project-based commitments with outcome obligations account for more than two thirds of consolidated revenue, which makes managing delivery quality and costs essential. The group invests in platforms and implementation accelerators, such as the Digital Enablement Platform, and in the rAIse programme, which integrates artificial intelligence into its technology activity 1.
The business model depends on the ability to recruit and retain specialists in cloud, digitalisation and artificial intelligence. The company reported a steady training effort, with 25.1 average training hours per employee in 2025, and kept its target of five training days per employee for 2026 1. These human resources are the main driver of the group's value and growth.
The group operates through an operational organisation at four levels, supported by centralised functions, and its internal control framework is based on the reference framework of the French financial markets authority (AMF) 1. This steering system links business and project risks to general management.
Segments
Projects with outcome obligations
This segment accounts for more than two thirds of consolidated revenue. The main risk is over- or underestimating costs and technical solutions, which could lead to budget overruns and missed contractual deadlines, with penalties and margin impact 1.
Consulting and integration services
Separate figures for this segment cannot be deduced from the available source. The report does describe client demand for rapid, agile delivery in regulated environments, which increases the complexity of integration work 1.
Market context
Demand for digital services is driven by migration to the cloud, IT system modernisation and artificial intelligence. The annual report notes, however, that the talent market is tight, and clients increasingly demand environmental responsibility from the IT systems developed or managed 1.
Clients in regulated sectors, such as finance, impose high standards of compliance and data protection, which could favour providers with solid control structures. The group continuously monitors legislative developments in the countries where it operates 1.
Trends
- Artificial intelligence in deliverytailwind
The rAIse programme aims to integrate artificial intelligence systematically into the technology activity, and the AI assistant made available to project managers could raise productivity, if adoption expands 1.
- Scarcity of talentheadwind
A shortage of technical expertise and higher candidate expectations regarding quality of working life could slow growth, if recruitment policies are not optimised 1.
- Migration to the cloudmixed
Demand for moving IT systems to the cloud and for modernisation supports project volume, but also brings execution and cost risks on complex projects 1.
- Regulation and environmental responsibilitymixed
New rules on data protection, international sanctions and reducing the environmental footprint could create additional requirements, but also opportunities for compliance offerings 1.
Competitive position
The annual report does not identify the group's named competitors in the available source. A direct comparison with other digital services providers cannot be made on the basis of this document alone.
The competitive advantage described by the company rests on its delivery methodology, the Delivery Rule Book and its industrialisation investments. These could differentiate the group, if they remain effective on large projects 1.
- Unnamed competitors in the source
The source does not name competitors, so no ticker can be stated with certainty.
- Global IT services providers
General competitor category, described only in market terms without names from the source.
- Digital consulting firms
Competition for talent and transformation projects, without named identification in the report.
- Regional integrators
Local competition in national markets, not detailed in the document reviewed.
News & filings
In the press
- Sopra Steria widens legal challenge to Capita's Whitehall outsourcing dealThe Register · 01 Oct 2026 · EN
- Sopra Steria's £370M Capita spat heads for 2028 courtroom showdownThe Register · 26 Aug 2026 · EN
- NATO va proteja sediul din Bruxelles cu sisteme anti-drone BOREADES dezvoltate de compania franceză Sopra SteriaG4Media · 20 May 2026 · RO
- NATO va proteja sediul din Bruxelles cu sisteme anti-drone BOREADES dezvoltate de compania franceză Sopra SteriaMediafax · 20 May 2026 · RO
Annual reports (ESEF)
- Annual report 202518 Mar 2026
- Annual report 202424 Sept 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Sopra Steria 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.