| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 28.26 | 76 |
| Intrinsic value (DCF) | 14.30 | -11 |
| Graham-Dodd Method | 9.26 | -42 |
| Graham Formula | n/a |
Tikehau Capital (TKO.PA) is a leading Paris-based alternative asset management firm specializing in private equity, venture capital, and credit investments. Founded in 2004, the company provides a diversified range of financing solutions, including senior secured loans, mezzanine debt, and equity investments across Europe, North America, and Asia. With a strong focus on small and middle-market European corporates, Tikehau Capital manages long-term capital for institutional and private investors, deploying funds across credit, private equity, real estate, and listed assets. The firm operates globally, with key offices in Singapore, New York, and multiple European cities, positioning itself as a versatile player in the competitive asset management sector. Tikehau Capital’s investment strategy emphasizes flexibility, targeting deals between €0.41 million and €70 million, and leverages its deep industry expertise to generate value for stakeholders. As part of the broader financial services industry, the firm stands out for its multi-asset approach and strong international presence.
Tikehau Capital presents a compelling investment case with its diversified asset management platform and strong financial performance. The firm reported €557.8 million in revenue and €155.8 million in net income, with a diluted EPS of €0.86, reflecting solid profitability. Its operating cash flow of €184.1 million and a healthy cash position of €337 million provide financial stability, though its total debt of €1.64 billion warrants monitoring. The dividend yield, supported by a €0.8 per share payout, adds income appeal. However, the firm’s beta of 0.856 suggests moderate market sensitivity, making it relatively defensive but exposed to broader economic cycles. Investors should weigh its global diversification and sector expertise against potential risks in credit markets and private equity valuations.
Tikehau Capital competes in the crowded alternative asset management space, differentiating itself through a multi-strategy approach that spans private equity, credit, and real estate. Its focus on European middle-market deals provides niche opportunities often overlooked by larger competitors. The firm’s international footprint, particularly in Asia and North America, enhances deal flow diversification, though it faces stiff competition from global giants like Blackstone and KKR. Tikehau’s ability to offer flexible financing solutions—from senior debt to equity—gives it an edge in structuring bespoke deals for SMEs. However, its smaller scale compared to mega-funds limits its capacity for billion-dollar transactions. The firm’s strong balance sheet and institutional investor base bolster its competitive position, but rising interest rates and economic uncertainty could pressure credit performance. Its real estate and private equity segments benefit from sectoral tailwinds, though valuation multiples remain a risk.