| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 47.69 | 56006 |
| Intrinsic value (DCF) | 0.15 | 76 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 2.45 | 2786 |
Lepermislibre SA (ALLPL.PA) is a pioneering online driving school based in Lyon, France, offering a digital-first approach to driver education. Founded in 2014, the company leverages technology to provide flexible, affordable, and accessible driving courses, primarily targeting the French market. Operating in the Consumer Cyclical sector under Personal Products & Services, Lepermislibre SA disrupts traditional driving schools by eliminating physical infrastructure costs and enabling students to learn at their own pace. The company's innovative platform includes e-learning modules, virtual simulations, and remote exam preparation, catering to the growing demand for digital education solutions. Despite its niche focus, Lepermislibre SA plays a significant role in modernizing driver training in France, a market with steady demand due to mandatory licensing requirements. With a market capitalization of approximately €3.62 million, the company remains a small but notable player in the evolving edtech and mobility sectors.
Lepermislibre SA presents a high-risk, high-reward investment opportunity due to its niche market focus and digital disruption potential. The company reported a net loss of €3.84 million in FY 2023, with negative operating cash flow (-€3.48 million), signaling financial challenges. However, its €4.93 million cash reserve provides a short-term buffer. The negative beta (-0.35) suggests low correlation with broader markets, potentially offering diversification benefits. Revenue of €16.8 million indicates market traction, but profitability remains elusive. Investors should weigh the company's innovative model against execution risks, regulatory dependencies, and competition from traditional driving schools transitioning online. The lack of dividends aligns with its growth-stage focus, but sustained losses may necessitate further capital raises.
Lepermislibre SA's competitive advantage lies in its pure-play digital model, which reduces overhead costs associated with physical driving schools. Its platform offers scalability and convenience, appealing to tech-savvy learners. However, the company faces intense competition from both traditional driving schools expanding online (e.g., École de Conduite Française) and hybrid players combining physical and digital instruction. Regulatory hurdles in France's standardized driving exam system limit differentiation opportunities. The company's negative operating cash flow (-€3.48 million) raises sustainability concerns compared to capital-intensive competitors with diversified revenue streams. Its small market cap (€3.62 million) restricts R&D and marketing capabilities relative to larger peers. Strengths include first-mover brand recognition in online driving education and a capital-light structure, but weaknesses encompass dependence on a single market (France) and lack of profitability. The competitive landscape demands continuous innovation to maintain relevance as legacy players digitize.