| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 855.10 | 48485 |
| Intrinsic value (DCF) | 302.00 | 17059 |
| Graham-Dodd Method | 1.16 | -34 |
| Graham Formula | 10.35 | 488 |
Logic Instrument S.A. (ALLOG.PA) is a French technology company specializing in the design, manufacture, and distribution of rugged mobile computing solutions for professional and military applications. Founded in 1987 and headquartered in Igny, France, the company offers a range of durable fieldbook tablets, smartphones, military servers, notebooks, and handheld devices designed to withstand harsh environments. Operating in the computer hardware sector, Logic Instrument serves industries requiring robust, high-performance mobile computing, including defense, logistics, and field services. With a market capitalization of approximately €15.8 million, the company focuses on niche markets where durability and reliability are critical. Its products are tailored for professionals working in extreme conditions, positioning Logic Instrument as a key player in the rugged computing segment. The company’s commitment to innovation and quality has enabled it to maintain a stable presence in a competitive industry dominated by larger multinational players.
Logic Instrument S.A. presents a niche investment opportunity in the rugged mobile computing market, with a stable financial position and modest profitability. The company reported €27.95 million in revenue and €1.23 million in net income for the latest fiscal period, with a diluted EPS of €0.14. Its strong operating cash flow (€2.08 million) and minimal capital expenditures (-€920) suggest efficient operations. However, its small market cap (€15.8 million) and lack of dividend payouts may limit appeal to growth-focused investors. The low beta (0.493) indicates lower volatility compared to the broader market, which could attract conservative investors. Risks include competition from larger firms and dependence on specialized markets. The company’s financial health is supported by €5.37 million in cash and €3.80 million in total debt, providing a reasonable liquidity cushion.
Logic Instrument S.A. competes in the rugged mobile computing segment, a niche within the broader computer hardware industry. Its competitive advantage lies in its specialization in durable, high-performance devices tailored for professional and military use. Unlike mainstream consumer electronics firms, Logic Instrument focuses on reliability in extreme conditions, which allows it to command premium pricing in its target markets. However, the company faces intense competition from larger players with greater R&D budgets and global distribution networks. Its French base provides regional strength but limits international reach compared to multinational rivals. The company’s small scale may hinder its ability to compete on price or innovation speed against industry giants. That said, its deep expertise in ruggedized technology and strong relationships with defense and industrial clients provide a defensible market position. The lack of significant debt and positive cash flow suggest operational stability, but long-term growth may depend on expanding into adjacent markets or forming strategic partnerships.