| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 215.05 | 1988 |
| Intrinsic value (DCF) | 7.36 | -29 |
| Graham-Dodd Method | 5.34 | -48 |
| Graham Formula | 5.83 | -43 |
Chargeurs SA is a diversified manufacturing and services company headquartered in Paris, France, with a rich history dating back to 1872. Operating across four key segments—Protective Films, PCC Fashion Technologies, Museum Solutions, and Luxury Materials—the company serves a global clientele in Europe, the Americas, Asia, Oceania, and Africa. Chargeurs' Protective Films segment specializes in self-adhesive films that safeguard surfaces during industrial processes, while PCC Fashion Technologies provides high-quality interlining for apparel. The Museum Solutions segment offers innovative visual communication and printed textiles for retail, exhibitions, and advertising. Additionally, the Luxury Materials segment supplies premium combed wool, including the renowned Nativa Precious Fiber. As a leader in niche markets, Chargeurs SA combines heritage with innovation, positioning itself strategically in the consumer cyclical sector. Its diversified portfolio and global footprint make it a resilient player in the apparel manufacturing and specialty materials industries.
Chargeurs SA presents a mixed investment profile. The company operates in niche markets with diversified revenue streams, which may offer stability. However, its financials reveal challenges, including modest net income (€7.3M) relative to revenue (€729.6M) and significant total debt (€424.2M). The absence of dividends may deter income-focused investors. The company's beta of 1.397 suggests higher volatility compared to the broader market, which could appeal to risk-tolerant investors seeking cyclical exposure. Positive operating cash flow (€43.6M) and a solid cash position (€121.9M) provide some financial flexibility, but investors should monitor debt levels and profitability trends closely.
Chargeurs SA competes in specialized segments where differentiation and technological expertise are critical. In Protective Films, its self-adhesive solutions face competition from global industrial material suppliers, but its focus on high-performance applications provides a niche advantage. The PCC Fashion Technologies segment competes with interlining manufacturers, where Chargeurs' long-standing relationships in the apparel industry offer stability. The Museum Solutions segment benefits from unique visual communication offerings, though it operates in a fragmented market with smaller regional players. The Luxury Materials segment, particularly its Nativa Precious Fiber, competes with premium wool suppliers, where sustainability and traceability are growing differentiators. Chargeurs' competitive edge lies in its diversified portfolio and ability to serve high-value niche markets. However, its relatively small market cap (€278.7M) limits economies of scale compared to larger industrial or textile conglomerates. The company's success hinges on maintaining innovation and cost efficiency across its segments while navigating cyclical demand in apparel and industrial markets.