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Stock Analysis & ValuationInstallux S.A. (ALLUX.PA)

Professional Stock Screener
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302.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, Upside, %
Artificial intelligence (AI)529.9475
Intrinsic value (DCF)151.63-50
Graham-Dodd Method446.4748
Graham Formula204.86-32

Strategic Investment Analysis

Company Overview

Installux S.A. is a France-based company specializing in the design, manufacture, and distribution of aluminum profiles and accessories for the building finishing industry. Founded in 1923 and headquartered in Saint-Bonnet-de-Mure, the company serves both domestic and international markets with a diverse product portfolio, including aluminum systems for residential and commercial buildings, ready-to-install products, and demountable partition walls for tertiary spaces. As a subsidiary of CEC Financial, Installux operates in the Basic Materials sector, focusing on high-quality aluminum solutions that cater to modern construction needs. The company’s expertise in aluminum systems positions it as a key player in sustainable building solutions, leveraging lightweight, durable, and recyclable materials. With a strong presence in France and expanding international reach, Installux continues to innovate in architectural aluminum applications, supporting energy-efficient and aesthetically driven construction projects.

Investment Summary

Installux S.A. presents a stable investment opportunity with a niche focus on aluminum building solutions. The company’s €84.4M market cap and €147.6M revenue (FY 2024) reflect steady performance, supported by a net income of €8.4M and a diluted EPS of €30.16. Its strong cash position (€54.9M) and manageable debt (€34.9M) suggest financial resilience, while a dividend of €8 per share underscores shareholder returns. However, the low beta (0.072) indicates minimal correlation with broader market volatility, which may appeal to conservative investors but limits upside potential. Risks include exposure to cyclical construction demand and raw material price fluctuations. The company’s specialization in aluminum systems offers differentiation, but competition from larger industrial players could pressure margins.

Competitive Analysis

Installux S.A. competes in the aluminum building products segment with a focus on customization and high-quality finishes. Its competitive advantage lies in its vertically integrated operations, enabling control over production and distribution. The company’s niche expertise in demountable partition walls and slot-channel systems differentiates it from generic aluminum suppliers. However, its smaller scale compared to global players limits economies of scale in procurement and R&D. Installux’s strength in the French market provides regional stability, but international growth is constrained by competition from larger multinationals. The company’s subsidiary status under CEC Financial offers financial backing but may limit strategic agility. Sustainability trends favoring aluminum as a recyclable material could benefit Installux, but reliance on the construction sector’s health remains a vulnerability. Competitors with broader product lines or lower-cost manufacturing bases pose challenges, particularly in price-sensitive segments.

Major Competitors

  • UPMIFA (ALUVI.PA): UPMIFA specializes in aluminum and PVC building systems, competing directly with Installux in France. Its broader product range includes windows and facades, giving it an edge in full-building solutions. However, Installux’s focus on niche interior applications may offer higher margins in specific segments.
  • Nexans S.A. (NEXS.L): Nexans operates in broader construction materials, including aluminum cables and wiring systems. Its larger scale and diversified operations reduce reliance on building finishes, but Installux’s specialization in profiles and partitions provides deeper expertise in its niche.
  • Kadant Inc. (KAI): Kadant’s advanced material processing solutions compete indirectly with Installux in industrial aluminum applications. Its global reach and technological R&D are strengths, but Installux’s regional focus and tailored building products better serve localized construction needs.
  • Aperam (APY.V): Aperam is a major stainless steel and aluminum producer with significant scale advantages. Its commodity-focused model contrasts with Installux’s specialized building systems, though Aperam’s pricing power in raw materials could pressure smaller players.
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