| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 36.56 | 65 |
| Intrinsic value (DCF) | 9.54 | -57 |
| Graham-Dodd Method | 16.25 | -27 |
| Graham Formula | 47.30 | 113 |
IT Link SA (ALITL.PA) is a France-based digitalization solutions provider specializing in IoT, embedded intelligence, and critical systems analysis. The company delivers a comprehensive suite of services, including industrial IoT solutions, data intelligence systems, mobile applications, and connected systems engineering. IT Link serves high-growth sectors such as automotive, aerospace, defense, energy, and healthcare, positioning itself as a key enabler of digital transformation. Headquartered in Le Kremlin-Bicêtre, the company leverages its expertise in dependability and big data analytics to support clients in optimizing operational efficiency and innovation. With a strong focus on industrial and scientific applications, IT Link plays a pivotal role in France's technology services sector, catering to both enterprise and public sector needs. Its diversified client base and engineering-driven approach make it a notable player in Europe's digital solutions landscape.
IT Link SA presents a niche investment opportunity in the European digitalization and IoT services market. The company's €82.68M revenue and €4.03M net income (FY 2024) reflect stable profitability, supported by a diversified sector exposure. With a market cap of €42.27M and a beta of 0.923, it exhibits lower volatility compared to broader tech peers. Key strengths include strong cash reserves (€13.03M) and manageable debt (€8.82M), though operating cash flow (€3.77M) suggests moderate liquidity. Risks include reliance on the French market and competition from larger IT service providers. The dividend yield (~0.83% at €0.35/share) adds modest income appeal. Investors should weigh its specialized industrial IoT focus against scalability challenges.
IT Link competes in the fragmented industrial IoT and digital services space, differentiating through sector-specific engineering expertise. Its focus on critical systems (e.g., aerospace, defense) provides sticky client relationships but limits mass-market scalability. The company's €82.68M revenue is modest compared to global IT service firms, though its profitability (4.9% net margin) outperforms many smaller peers. Strengths include deep domain knowledge in industrial big data and embedded systems—areas where larger competitors often lack specialization. However, its France-centric operations (~100% revenue likely domestic) expose it to regional economic cycles. Unlike SaaS-focused rivals, IT Link's hardware-integrated solutions (sensors, actuators) create higher-margin service bundling opportunities but require sustained R&D. Competitive threats include Capgemini's scale in enterprise IT and smaller agile firms in IoT analytics. Its ~€42M valuation suggests room for growth if international expansion materializes.