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Stock Analysis & ValuationEthero (ALENT.PA)

Professional Stock Screener
Previous Close
1.30
Sector Valuation Confidence Level
Low
Valuation methodValue, Upside, %
Artificial intelligence (AI)47.053519
Intrinsic value (DCF)0.27-79
Graham-Dodd Method0.18-86
Graham Formulan/a

Strategic Investment Analysis

Company Overview

SA Entreparticuliers.com (ALENT.PA) is a French online platform specializing in real estate listings, connecting individuals for the sale and rental of apartments, land, houses, and villas across France. Founded in 2000 and headquartered in Paris, the company operates in the Internet Content & Information industry under the Communication Services sector. With a market capitalization of approximately €14.15 million, Entreparticuliers.com serves as a niche player in France's digital real estate marketplace, offering a streamlined alternative to traditional agencies. The platform's asset-light model and focus on peer-to-peer transactions position it uniquely in a competitive market dominated by larger classifieds and real estate portals. Despite its small scale, the company maintains profitability, with €622,849 in revenue and €133,440 in net income for the latest fiscal period, supported by strong operating cash flow of €162,145. Its zero-debt balance sheet and €234,265 in cash reserves underscore financial stability.

Investment Summary

SA Entreparticuliers.com presents a high-risk, high-potential investment due to its niche focus and small-cap status. The company's negative beta (-0.67) suggests low correlation with broader market movements, potentially offering diversification benefits. However, its limited scale and revenue base (€622,849) expose it to intense competition from larger platforms. Positives include profitability (net income of €133,440), robust operating cash flow (€162,145), and a debt-free balance sheet with €234,265 in cash. The absence of dividends may deter income-focused investors, but the company's asset-light model and focus on France's resilient real estate market could appeal to growth-oriented portfolios. Risks include reliance on domestic market conditions and vulnerability to digital disruption from global competitors.

Competitive Analysis

SA Entreparticuliers.com competes in France's crowded online real estate classifieds segment, differentiated by its peer-to-peer focus and absence of intermediary fees. Its competitive advantage lies in local market specialization and a lean cost structure, enabling profitability despite modest revenue. However, the company lacks the brand recognition and technological resources of larger rivals like Leboncoin (Adevinta) or SeLoger, which benefit from network effects and multinational parentage. Entreparticuliers.com's niche positioning shields it from direct competition with global giants but limits scalability. Its financial strength (positive cash flow, no debt) provides stability, but the platform's reliance on organic growth in a digitizing market poses long-term challenges. The company's ability to maintain its value proposition—simplicity and cost savings for users—will determine its sustainability against vertically integrated competitors offering ancillary services (mortgages, agent networks).

Major Competitors

  • Adevinta ASA (ADE.OL): Adevinta owns Leboncoin, France's leading classifieds platform, which dominates real estate listings with superior traffic and brand recognition. Its scale and multisector presence (jobs, autos) provide cross-selling opportunities but may dilute real estate focus. Weaknesses include high operational complexity post-eBay Classifieds acquisition.
  • SeLoger.com (SELOG.PA): SeLoger is a pure-play French real estate portal with advanced search tools and agent partnerships. Its strength lies in premium listings and professional network integration, but it faces margin pressure from high sales costs and competition from global platforms like Rightmove.
  • Groupe PAP (PAP.PA): Groupe PAP operates a hybrid model combining online listings with physical agencies. Its strength is a trusted brand and personalized service, but higher overheads from brick-and-mortar locations limit profitability compared to digital-only peers like Entreparticuliers.com.
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