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Stock Analysis & ValuationACTIA Group S.A. (0OJJ.L)

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Previous Close
£3.41
Sector Valuation Confidence Level
Low
Valuation methodValue, £Upside, %
Artificial intelligence (AI)115.503287
Intrinsic value (DCF)1.52-55
Graham-Dodd Method6.8099
Graham Formula0.50-85

Strategic Investment Analysis

Company Overview

ACTIA Group S.A. is a France-based technology company specializing in electronic on-board systems for the automotive and telecommunications industries. With a history dating back to 1957, ACTIA operates in two key divisions: Automotive and Telecommunications. The Automotive division provides advanced electronic systems for vehicle connectivity, instrumentation, infotainment, telematics, and diagnostic tools, serving both original equipment manufacturers (OEMs) and aftermarket segments. The Telecommunications division offers ground station equipment, energy transmission control systems, and railway-specific solutions. ACTIA's expertise in embedded electronics positions it as a critical player in the evolving automotive and industrial IoT sectors. Headquartered in Toulouse, France, the company serves international markets with a focus on innovation and reliability. ACTIA's diversified portfolio and strong engineering capabilities make it a relevant player in the global automotive electronics and industrial communication markets.

Investment Summary

ACTIA Group presents a mixed investment profile. The company operates in growing segments like automotive electronics and industrial IoT, benefiting from increasing vehicle electrification and connectivity trends. With €535.1 million in revenue and €18.2 million net income (FY 2024), ACTIA demonstrates moderate profitability. However, investors should note its high total debt (€230.7 million) relative to its market capitalization (~€60.7 million), which raises leverage concerns. The company generates positive operating cash flow (€62.7 million) and maintains €43.6 million in cash reserves, providing some financial flexibility. ACTIA's beta of 1.048 suggests market-average volatility. The dividend yield appears modest (€0.12 per share). While the company has technological expertise in niche automotive and telecom applications, its small market cap and debt load may deter risk-averse investors. The stock could appeal to those bullish on European automotive tech suppliers with international exposure.

Competitive Analysis

ACTIA Group competes in the specialized automotive electronics and industrial communication markets, where it differentiates through its vertical integration and application-specific solutions. In automotive electronics, ACTIA's strength lies in its broad portfolio spanning instrument clusters, telematics, and diagnostic systems—areas experiencing growth due to increasing vehicle connectivity mandates. However, the company faces intense competition from larger automotive suppliers with greater R&D budgets and OEM relationships. ACTIA's telecom division competes in niche industrial communication segments, where its railway and energy transmission systems have established customer bases but limited scale compared to global industrial tech players. The company's competitive advantage stems from its French engineering heritage and ability to customize solutions for regulated industries like transportation and energy. Its main challenges include competing with better-capitalized multinationals and navigating the capital-intensive nature of automotive electronics. ACTIA's smaller size allows agility in serving specialized applications but limits its bargaining power with suppliers and customers. The company's future positioning will depend on its ability to capitalize on vehicle electrification trends while managing its debt load.

Major Competitors

  • Valeo SE (VLEEY): Valeo is a major French automotive supplier with strong positions in electrification, ADAS, and lighting systems. With significantly larger scale (€22 billion revenue) than ACTIA, Valeo benefits from direct OEM relationships and global manufacturing. However, Valeo's broader focus may leave niche electronics segments open for ACTIA. Valeo's higher R&D budget gives it an edge in advanced driver-assistance systems (ADAS).
  • Hallador Energy Company (HNRG): Not a direct competitor. Incorrectly listed due to data limitations—no clear public competitor found with matching profile.
  • STMicroelectronics N.V. (STM): STMicroelectronics is a global semiconductor leader supplying auto chips, including microcontrollers and sensors. While not a direct competitor in finished systems, STM's components underpin many automotive electronics where ACTIA operates. STM's scale and chip expertise give it supply chain advantages, but ACTIA differentiates through system integration and software capabilities.
  • Kontron AG (KNBWY): Kontron provides embedded computing solutions for industrial and transportation markets, overlapping with ACTIA's telecom division. Kontron's strength lies in standardized embedded modules, while ACTIA focuses more on customized systems. Kontron's larger size provides better economies of scale in hardware, but ACTIA may have deeper domain expertise in French rail and energy applications.
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