| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 14087.54 | 12044 |
| Intrinsic value (DCF) | 132.86 | 15 |
| Graham-Dodd Method | 231.56 | 100 |
| Graham Formula | 111.78 | -4 |
Courtois S.A. is a French real estate company specializing in the renovation and sale of properties in the Midi-Pyrenees and Paris regions. Headquartered in Toulouse, France, the company focuses on revitalizing residential and commercial real estate, catering to both local and broader French markets. Operating in the competitive real estate services sector, Courtois S.A. leverages its regional expertise to identify undervalued properties, renovate them, and sell them at a profit. Despite its small market capitalization (€8.39M), the company plays a niche role in France's real estate market, particularly in urban renewal projects. With a presence in high-demand areas like Paris, Courtois S.A. benefits from France's steady real estate appreciation trends. However, its financial performance has been challenged, as reflected in recent net losses and negative operating cash flow. Investors interested in micro-cap real estate opportunities with exposure to French property markets may find Courtois S.A. worth monitoring.
Courtois S.A. presents a high-risk, speculative investment opportunity due to its small size, negative earnings (€-347K net income in the latest period), and negative operating cash flow (€-2.81M). The company’s low beta (0.161) suggests minimal correlation with broader market movements, which could appeal to investors seeking niche real estate exposure. However, its lack of profitability and dividend payments (€0 per share) may deter income-focused investors. The company’s €7.19M cash reserves provide some liquidity, but its €3.9M debt load could constrain growth. Investors should weigh Courtois S.A.’s regional market expertise against its financial instability before considering a position.
Courtois S.A. operates in a highly fragmented real estate renovation and sales market, competing with both local developers and larger national firms. Its competitive advantage lies in its deep regional knowledge of the Midi-Pyrenees and Paris markets, allowing it to identify undervalued properties with renovation potential. However, the company lacks scale compared to larger French real estate firms, limiting its ability to undertake major projects or diversify geographically. Its financial struggles (negative EPS of €-4.77) further weaken its competitive position, as it may lack resources for aggressive acquisitions or marketing. Unlike publicly traded competitors with diversified portfolios, Courtois S.A. focuses narrowly on renovation and resale, which exposes it to cyclical real estate downturns. Its small size could make it an acquisition target for larger firms seeking regional footholds, but its current financial performance may deter potential buyers. The company’s ability to compete depends heavily on improving operational efficiency and securing profitable projects in high-demand areas.