| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Macompta.fr SA is a French software company specializing in online accounting, tax, and social management solutions for businesses and professionals. Founded in 2007 by Sylvain Heurtier and Éric Pham, the company provides tailored software applications for various business types, including commercial societies, traders, craftsmen, liberal professionals, farmers, microbusinesses, associations, real estate companies, and accountants. Headquartered in Lagord, France, Macompta.fr operates in the competitive Software - Application sector, leveraging cloud-based technology to simplify financial management for its clients. With a market capitalization of approximately €22.6 million, the company serves a niche but essential segment of the French SME market, offering compliance-focused tools that cater to local regulatory requirements. Its SaaS-based model ensures recurring revenue streams while maintaining low overhead costs.
Macompta.fr presents a specialized investment opportunity in the French accounting software market, with a focus on small and medium-sized enterprises (SMEs). The company's profitability (net income of €701K in the latest period) and positive operating cash flow (€1.05M) suggest a stable financial position. However, its small market cap and negative beta (-0.61) indicate low liquidity and potential volatility risks. The dividend yield (€0.1 per share) may appeal to income-focused investors, but growth prospects depend on expanding its SaaS user base in a competitive landscape dominated by larger players. The lack of debt is a positive, but high capital expenditures (€-1.75M) suggest ongoing investment needs. Investors should weigh its niche positioning against scalability challenges.
Macompta.fr competes in the French accounting software market, which is dominated by both global players and local specialists. Its competitive advantage lies in its hyper-localized solutions tailored to French tax and regulatory requirements, making it a preferred choice for SMEs and professionals needing compliance-ready tools. Unlike generic accounting software, Macompta.fr offers industry-specific modules (e.g., for farmers or real estate companies), enhancing its value proposition. However, its small scale limits R&D resources compared to multinational competitors like Sage or Cegid. The company’s cloud-first approach aligns with industry trends, but it faces stiff competition from freemium models and vertically integrated financial platforms. Its lack of international presence restricts growth potential, while larger rivals benefit from economies of scale. Macompta.fr’s differentiation hinges on deep localization and customer service, but sustaining this against well-funded competitors remains a challenge.