olivLaw · European equity research
Acteos EOS.PA
France · Euronext Paris · ISIN FR0000076861 · Vertical: Listed companies from France
Acteos is a French supply chain software provider focused on logistics planning, warehouse management and transport optimisation. The company returned to a loss in fiscal 2021, with a net result of -859 K EUR, after growth and a return to profit in 2020, and it says it aims to return to profit from 2022.
At the close of 05 Nov 2026, Acteos (EOS.PA) stock was 0.76 EUR (+0.00% on the day), with market capitalisation 2.5 m EUR, beta 0.20, 52-week range 0.73–1.04 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)
- 39.9
- weak (30–45)
- Bollinger (20, 2)
- 0.74 – 0.83
- in the lower half of the band · %B 0.22 · band width 11.9%
- SMA 50 / 200
- 0.82 / 0.87
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.02 / -0.02
- 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 | −6.2% | −0.6% | −5.5 pp | — |
| 3 months | −10.6% | −4.2% | −6.4 pp | — |
| 6 months | −15.4% | +4.3% | −19.7 pp | — |
| Year to date | −22.3% | +7.5% | −29.8 pp | — |
| 1 year | −23.2% | +9.9% | −33.2 pp | −6.8% |
| 3 years | −41.5% | +49.8% | −91.4 pp | −15.9% |
| 5 years | −67.7% | +42.8% | −110.5 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 | 2020 | 2021 |
|---|---|---|
| Revenue | 16.0 m | 13.0 m |
| Revenue YoY | unavailable | −18.9% |
| Net income | 159.6 k | -735.4 k |
| Net income YoY | unavailable | −560.7% |
| Diluted EPS | 0.04 | -0.20 |
| Diluted EPS YoY | unavailable | −600.0% |
| net % | 1.0% | -5.7% |
| Free cash flow | -31.0 k | 2.2 m |
Balance sheet & financial health
Fiscal year 2021 · 31 Dec 2021
- Cash
- 4.1 m EUR
- Financial debt
- 4.9 m EUR
- Net debt
- 799.7 k EUR
- Equity
- -250.5 k EUR
- Total assets
- 15.9 m EUR
- Debt / equity
- unavailable
- Current ratio
- 1.07x
- ROE
- unavailable
- ROA
- -4.1%
- FCF margin
- 17.1%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Revenue | 16.0 m | 13.0 m | esef· 29 Mar 2022verified |
| Gross profit | 8.7 m | 8.1 m | esef· 29 Mar 2022verified |
| Operating income | 206.0 k | -898.5 k | esef· 29 Mar 2022verified |
| Depreciation & amortisation | 1.3 m | 1.2 m | esef· 29 Mar 2022verified |
| EBITDA | 1.5 m ≈ | 345.6 k ≈ | esef· 29 Mar 2022derived |
| Income tax | -36.8 k | 3.9 k | esef· 29 Mar 2022verified |
| Net income | 159.6 k | -735.4 k | esef· 29 Mar 2022verified |
| Diluted EPS | 0.04 | -0.20 | esef· 29 Mar 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 | 4.7 m | 4.1 m | esef· 29 Mar 2022verified |
| Inventories | 525.0 k | 390.5 k | esef· 29 Mar 2022verified |
| Current assets | 14.2 m | 10.8 m | esef· 29 Mar 2022verified |
| Property, plant & equipment, net | 1.4 m | 1.4 m | esef· 29 Mar 2022verified |
| Goodwill | 594.5 k | 594.5 k | esef· 29 Mar 2022verified |
| Intangibles (excl. goodwill) | 2.6 m | 2.4 m | esef· 29 Mar 2022verified |
| Total assets | 19.7 m | 15.9 m | esef· 29 Mar 2022verified |
| Long-term debt | 6.0 m | 4.9 m | esef· 29 Mar 2022verified |
| Current liabilities | 11.9 m | 10.1 m | esef· 29 Mar 2022verified |
| Equity | 409.7 k | -250.5 k | esef· 29 Mar 2022verified |
| Shares outstanding at year end | 4.0 m | 3.3 m | esef· 29 Mar 2022derived |
Cash flow · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | 10.4 k | 2.3 m | esef· 29 Mar 2022verified |
| Capex | 41.4 k | 66.5 k | esef· 29 Mar 2022verified |
| Free cash flow | -31.0 k ≈ | 2.2 m ≈ | esef· 29 Mar 2022derived |
| Investing cash flow | -987.7 k | -796.0 k | esef· 29 Mar 2022verified |
| Financing cash flow | 4.8 m | -2.2 m | esef· 29 Mar 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
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: 5 of at least 6
- score weight coverage: 39.6% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 2.5 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
40% · 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: 0.40 – 0.90 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/EBITDA0.40 – 0.90 (Mid 0.57)4 companies used · median multiple 7.9x · quartiles 6.2x – 11.0xABEO.PA, AI.PA, ANTIN.PA, ATE.PA
- 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
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: 5 of at least 6; score weight coverage: 39.6% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -5.7% | 31 (vs peers) | 16% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 2.3x | 29 (vs peers) | 26% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.1x | 23 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 9.7x | 20 (vs peers) | 26% |
| FCF yield · Valuation | 87.2% | 100 (on a fixed band) | 21% |
| 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 sheet27/100 · 2/3 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
- Valuation56/100 · 2/3 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
ACTEOS (EOS.PA). Latest full fiscal year: 2021; data up to 2021-12-31.
Figures computed from the financial statements: revenue 13.0 m EUR in 2021; YoY growth -18.9%; net margin -5.7%; ROE -923.7%; net debt/EBITDA 2.3x.
The estimated value range is 0.40–0.90 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.57 EUR, the price of 0.76 EUR leaves a potential of -24.6% (value / price − 1) and a margin of safety of -32.6% (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: 5 of at least 6; score weight coverage: 39.6% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF yield: 87.2%
What contradicts it
- Net debt / EBITDA: 2.3x
- Current ratio: 1.1x
- EV/EBITDA: 9.7x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Interest coverage, P/E (TTM), 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 EOS.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
Acteos is a French supply chain software provider focused on logistics planning, warehouse management and transport optimisation. The company returned to a loss in fiscal 2021, with a net result of -859 K EUR 1, after growth and a return to profit in 2020, and it says it aims to return to profit from 2022.
SWOT
Strengths
- The integrated Acteos SCM suite covers procurement, warehouse and transport in one product, and the company has its own calculation engines 1.
- The R&D team works with leading European universities and has been recognised several times, supporting its technology reputation 1.
- A history of more than thirty years and relationships with banks helped the firm through a difficult period 1.
Weaknesses
- The company reported a net loss in 2021 and a negative EBIT, after a year of return to profitability 1.
- Shareholders' equity has deteriorated because of repeated losses, which may affect the confidence of clients and suppliers 1.
- Working capital management is sensitive, and large orders can cause significant swings in cash 1.
Opportunities
Risks
- Repeated operating losseshigh
Losses in recent years have reduced equity, and the company may need clear evidence of a return to profit to keep partners' confidence 1.
- Liquidity and working capital riskmedium
Working capital swings can be large, and cash tensions may appear in the second half of the year, although banking facilities are available but unused 1.
- Goodwill impairment riskmedium
If subsidiary performance falls, the company could be required to record partial or full impairment of goodwill or investments 1.
- Currency riskmedium
A significant part of flows is in dollars, and an unfavourable currency move could affect margins, although the company has hedged part of the exposure 1.
- Technology riskhigh
A lack of R&D investment could make products obsolete quickly against competitors, which could affect long-term sales 1.
Investment thesis
What would need to be true (bull case)
- If the recovery in supply chain tenders is confirmed, Acteos could return to profit faster than management has announced, using its integrated suite.
- The technological profile of the products and the recurring revenue model through maintenance and SaaS could support steadier growth.
- Development of predictive analytics and business intelligence products could open new markets for existing clients.
What would break the thesis
- Repeated losses and shrinking equity could make clients and banks more cautious about new contracts.
- Economic uncertainty and the conflict in Ukraine could prolong the postponement of supply chain client investment.
- The constant R&D effort could remain hard to fund if the return to profit is delayed.
What to watch
- Return to profitability announced by management, with a positive net result2022
- Development of consolidated shareholders' equity after the 2021 loss2022
- Level of orders from supply chain tenders after the recovery from September 20212022
- Effects of the Ukraine conflict on clients and on the dollar exchange rate2022
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 Acteos group develops and sells the modular, integrated Acteos SCM suite, covering multi-level procurement management and optimisation, warehouse management and transport optimisation 1. The company presents itself as a forerunner in real-time steering of supply chain flows and bases its model on technological and organisational innovation 1. R&D spending in fiscal 2021 was 1,038 K EUR gross, or 8.0% of consolidated revenue 1.
Segments
Acteos SCM suite (WMS, TMS, FPS)
The software includes WMS for warehouses, TMS for transport and FPS, plus in-house engines for forecasting, route optimisation and dynamic resource planning 1. In 2021 the company worked on a mobile application for transport and warehouse and on a multi-level forecasting engine based on machine learning 1.
Business intelligence and predictive analytics
Acteos developed Acteos BI & Analytics for the supply chain so that clients can exploit their data and track logistics KPIs 1. The company links this product to the trend towards predictive analytics and big data, which is reshaping traditional business intelligence systems 1.
Market context
The company says that from September 2021 the exit from the Covid-19 crisis was visible in a strong recovery of tender phases in the supply chain market 1. Its products are usually significant investments for clients, who in periods of uncertainty tend to reduce, defer or cancel spending, which can hit annual orders and revenue 1. Acteos mainly invoices in euros, but part of its flows are in dollars, linked to its Lebanese subsidiary and US suppliers 1.
The sources do not give the size of the global supply chain software market. Views on demand rest on the company's own statements about tenders and client investment 1.
Trends
- Demand recovery after the pandemictailwind
The company notes a resumption of tenders in the supply chain market from September 2021, which could support orders if the trend holds 1.
- Geopolitical uncertainty after the war in Ukraineheadwind
The conflict that began in February 2022 could have macroeconomic effects that are not yet clear, and a slowdown in global activity could weigh on supply chain clients 1.
- Digitalisation and predictive analyticsmixed
Demand for predictive analytics, big data and machine learning could create openings for advanced software, but it requires continuous R&D investment 1.
- High cost of innovationheadwind
The company says development effort cannot be slowed without risking being overtaken by competitors, yet the investment weighs on financial balance 1.
Competitive position
The document describes a dynamic competitive market and says Acteos hopes to differentiate through technological lead and a complete product range 1. No specific competitors are named in the sources provided.
- Unnamed supply chain software vendors
The source only states the market is competitive and dynamic; no firms are identified.
- Other logistics software providers
The company refers to its competitors generically, without names, in the context of technological lead.
- Business intelligence providers for supply chain
The company implicitly compares its solutions with traditional business intelligence systems, without naming firms.
- Logistics solution integrators
The company argues isolated solutions cannot optimise processes globally, positioning its integrated suite as an alternative.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202129 Mar 2022
Sources
- [1] Annual report, fiscal year ended 2021-12-31 (ESEF) · SEC / Acteos · 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.