olivLaw · European equity research
ACTIA Group ALATI.PA
France · Euronext Paris · ISIN FR0000076655 · Vertical: Listed companies from France
ACTIA Group is a European specialist in onboard electronics, vehicle diagnostics and vehicle connectivity, serving carmakers and the aftermarket. OEM activity recovered slightly in 2021, and the group plans asset disposals to strengthen its financial position.
At the close of 05 Nov 2026, ACTIA Group (ALATI.PA) stock was 3.96 EUR (+2.86% on the day), with beta 0.29, 52-week range 2.86–4.39 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)
- 57.2
- strong (55–70)
- Bollinger (20, 2)
- 3.65 – 3.97
- in the upper half of the band · %B 0.96 · band width 8.4%
- SMA 50 / 200
- 3.89 / 3.77
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- -0.01 / -0.03
- 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 | +8.2% | +0.4% | +7.8 pp | — |
| 3 months | −2.0% | −3.3% | +1.3 pp | — |
| 6 months | +6.5% | +4.0% | +2.5 pp | — |
| Year to date | +21.8% | +8.1% | +13.7 pp | — |
| 1 year | +27.7% | +10.7% | +17.0 pp | −10.8% |
| 3 years | +1.0% | +50.1% | −49.1 pp | −15.9% |
| 5 years | +2.6% | +43.6% | −41.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
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 | 2020 | 2021 |
|---|---|---|
| Revenue | 438.6 m | 462.8 m |
| Revenue YoY | unavailable | +5.5% |
| Net income | -19.0 m | -6.4 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable |
| net % | -4.3% | -1.4% |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2021 · 31 Dec 2021
- Cash
- 56.6 m EUR
- Financial debt
- 218.8 m EUR
- Net debt
- 162.2 m EUR
- Equity
- 113.6 m EUR
- Total assets
- 598.3 m EUR
- Debt / equity
- 1.93x
- Current ratio
- 1.38x
- ROE
- -5.6%
- ROA
- -1.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Revenue | 438.6 m | 462.8 m | esef· 03 May 2022verified |
| Operating income | -6.9 m | -9.9 m | esef· 03 May 2022verified |
| Depreciation & amortisation | 30.9 m | 32.8 m | esef· 03 May 2022verified |
| EBITDA | 24.1 m ≈ | 22.9 m ≈ | esef· 03 May 2022derived |
| Income tax | 308.0 k | -160.0 k | esef· 03 May 2022verified |
| Net income | -19.0 m | -6.4 m | esef· 03 May 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Cash | 53.4 m | 56.6 m | esef· 03 May 2022verified |
| Inventories | 149.6 m | 172.7 m | esef· 03 May 2022verified |
| Current assets | 366.4 m | 404.2 m | esef· 03 May 2022verified |
| Property, plant & equipment, net | 77.4 m | 70.0 m | esef· 03 May 2022verified |
| Goodwill | 24.1 m | 24.1 m | esef· 03 May 2022verified |
| Total assets | 556.7 m | 598.3 m | esef· 03 May 2022verified |
| Short-term debt | 49.5 m | 54.7 m | esef· 03 May 2022verified |
| Long-term debt | 144.0 m | 164.1 m | esef· 03 May 2022verified |
| Current liabilities | 266.6 m | 291.9 m | esef· 03 May 2022verified |
| Equity | 116.1 m | 113.6 m | esef· 03 May 2022verified |
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: 4 of at least 6
- score weight coverage: 31.2% 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: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
31% · 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 · input data missing
- 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: 4 of at least 6; score weight coverage: 31.2% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -3.1% | 10 (vs peers) | 33% |
| Net margin · Quality | -1.4% | 31 (vs peers) | 20% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 7.1x | 0 (vs peers) | 33% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.4x | 49 (on a fixed band) | 13% |
| 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 sheet14/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality17/100 · 2/3 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
ACTIA GROUP (ALATI.PA). Latest full fiscal year: 2021; data up to 2021-12-31.
Figures computed from the financial statements: revenue 462.8 m EUR in 2021; YoY growth 5.5%; net margin -1.4%; ROE -5.6%; net debt/EBITDA 7.1x.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 31.2% 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
- ROIC: -3.1%
- Net debt / EBITDA: 7.1x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, 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% |
| 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 ALATI.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
ACTIA Group is a European specialist in onboard electronics, vehicle diagnostics and vehicle connectivity, serving carmakers and the aftermarket. OEM activity recovered slightly in 2021, and the group plans asset disposals to strengthen its financial position 1.
SWOT
Strengths
- Proprietary know-how in electronic diagnostics and a knowledge base that supports multi-brand solutions.
- Multi-year contracts with carmakers, which give some visibility on revenue.
- Leading position in telematics for urban buses in France, according to the source.
Weaknesses
- Dependence on electronic components means deliveries are affected by shortages.
- Aftermarket offers little visibility because sales are not covered by multi-year contracts.
- High development costs and constant investment needs put pressure on the financial structure.
Opportunities
- Emerging markets adopting technical inspection regulations could generate new orders.
- Connectivity solutions for micro-mobility and electric vehicles could extend the offer.
- Software services and subscriptions could become a source of recurring income.
Threats
- Large integrated competitors could cut prices or win major tenders.
- Regulatory changes or postponed tenders could reduce technical inspection orders.
- Geopolitical tensions could delay the recovery of aeronautics and other sectors.
Risks
- Component shortagehigh
The shortage of electronic components could slow deliveries and reduce OEM revenue.
- Customer dependencemedium
If a major customer reduces orders, revenue could fall significantly, and the company has said it wants to limit the weight of any single customer.
- Asset disposalsmedium
Completing the planned disposals could be delayed or change the expected financial terms.
- Cyclicality of technical inspectionmedium
Technical inspection revenue depends on international tenders and regulatory changes, which are hard to forecast.
- R&D investmentlow
Developing new systems can be costly and may not deliver the expected results.
Investment thesis
What would need to be true (bull case)
- If OEM revenue recovers as components become available, growth could accelerate in the trucks and off-highway segments.
- If software services and telematics expand, the group could build a more stable recurring revenue stream.
- If the disposals are completed successfully, the company could focus investment on higher-potential onboard electronics.
What would break the thesis
- If the component shortage persists, deliveries to carmakers may remain below expectations.
- If technical inspection regulations are postponed, Aftermarket activity could stay volatile.
- If large competitors expand their offers, ACTIA could lose positions in tenders.
What to watch
- Completion of the disposals of the Power division and technical inspection activities2022
- Evolution of OEM revenue as component availability improves2022
- Reduction of debt compared with the previous level2022
- Timing of international technical inspection tendersnext 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
ACTIA Group designs and produces electronic equipment, diagnostic systems and connectivity solutions for vehicles. OEM activity, aimed at carmakers, generated revenue of 309.2 M EUR in 2021, while Aftermarket brought 42.8 M EUR 1. The group intends to focus its investment on onboard electronics and energy management, disposing of activities considered non-strategic 1.
The business model combines multi-year contracts with carmakers, which give some visibility, with recurring sales to workshops, garages and fleet operators. The company says product development is costly, which limits entry for new competitors 1.
In 2022 the group intends to complete the combination of its Power division with an industrial group and of its Technical Inspection and Garage Equipment activities, under the MULLER brand, to reinforce its financial position 1.
Segments
OEM - vehicle manufacturers
The OEM segment supplies diagnostic, multiplexing and telematics systems to carmakers, with revenue of 309.2 M EUR in 2021, up 0.5 % 1. Growth was held back by the shortage of electronic components, although trucks and off-highway grew strongly 1.
Market context
The vehicle diagnostics market grows as onboard electronics expand, making diagnostic functions strategic for carmakers 1. Technical inspection is a growing global market in countries adopting regulations, and European public transport increasingly requires ITxPT certification 1.
Demand for light-vehicle equipment is large in volume but competition is tougher, and in the fleet market competition is intense, so the group positions itself in niches 1.
Trends
- Electrification and micro-mobilitytailwind
The group has structured a Power division and an offer for micro-mobility, with connectivity and battery optimisation, which could open new markets if demand develops 1.
- Shortage of electronic componentsheadwind
The lack of components slowed the OEM recovery in 2021 and affected deliveries to customers 1.
- Technical inspection regulationsmixed
Regulatory changes could bring large technical inspection orders, but the timing of international tenders is hard to predict 1.
- Fleet digitalisation and connectivitytailwind
Cloud-based telematics and fleet management solutions can generate recurring revenue as the installed base grows 1.
Competitive position
Competition is split across compartmentalised markets: carmakers, independent garages, repair networks and technical inspection 1. The main barrier to entry is technological level and development cost, which can exceed several million euros for a new system 1.
In diagnostics competitors are Swedish, German and Italian companies, while in fleets the group competes with large generalist players and niche specialists 1.
- Bosch
Competitor in onboard electronics and diagnostics, cited in the source as a major integrated supplier.
- Continental
Integrated group competing with ACTIA in automotive electronics, according to the source.
- StoneridgeSRI
Company specialised in onboard electronics, named in the source as a direct rival.
- KPIT
Vehicle diagnostics supplier named in the source among the main competitors.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202103 May 2022
Sources
- [1] Annual report, fiscal year ended 2021-12-31 (ESEF) · SEC / ACTIA Group · 31 Dec 2021
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.