Atos SE (AEXAY)
OTHER OTC:AEXAY
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Atos SE
(OTC:AEXAY)
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Rating:43Neutral
Price Target:
$7.50
▼(-43.48% Downside)
Action:ReiteratedDate:03/12/26
The score is held down primarily by weak financial performance (shrinking revenue, large FY2025 loss, negative equity, and negative free cash flow) and bearish technicals (below major moving averages with negative MACD). The earnings call provides partial offset via improving operating metrics and constructive FY2026 guidance, while valuation support is limited due to losses and no provided dividend yield.
Positive Factors
Strategic repositioning into AI and cyber
Atos' move to build sovereign Agentic Studios and launch Atos Amplify, plus Frontier partner status with Microsoft, represents a structural shift into high-growth, higher-margin areas (agentic AI, sovereignty, cyber). These capabilities expand addressable markets and strengthen enterprise/government go-to-market over multiple years.
Negative Factors
Sustained revenue contraction
Multi-year organic contraction weakens scale, reduces fixed-cost absorption and undermines margin recovery. Continued top-line declines, especially at the start of FY2026, mean profitability and cash-flow improvements depend on converting a reworked pipeline and large deals, a pace and durability that remain uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic repositioning into AI and cyber
Atos' move to build sovereign Agentic Studios and launch Atos Amplify, plus Frontier partner status with Microsoft, represents a structural shift into high-growth, higher-margin areas (agentic AI, sovereignty, cyber). These capabilities expand addressable markets and strengthen enterprise/government go-to-market over multiple years.
Read all positive factors
Atos SE (AEXAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$774.56M
Dividend YieldN/A
Average Volume (3M)45.00
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth-14.15%
EPS GrowthN/A
CountryUS
Employees71,279
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-8.51
Shares Outstanding98,750,890
10 Day Avg. Volume0
30 Day Avg. Volume45
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.09
Price to Sales (P/S)0.11
P/FCF Ratio-9.80
Enterprise Value/Market Cap2.80
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit1.29
Enterprise Value/Ebitda2.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.22
Revenue Forecast (FY)$7.87B
Atos SE Business Overview & Revenue Model
Company Description
Atos SE provides digital transformation solutions and services worldwide. It offers cloud, cybersecurity, and computing solutions, as well as end-to-end vertical solutions, data platforms, and infrastructure solutions. The company's solutions incl...
How the Company Makes Money
Atos primarily makes money by selling IT services and solutions under contracted commercial arrangements, with revenue generally coming from a mix of long-term managed services and project-based professional services.
Key revenue streams include:...
Atos SE Earnings Call Summary
Earnings Call Date:Mar 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The call balanced clear operational progress and cost discipline (margin improvement, strong Genesis savings execution, improved book-to-bill and liquidity) with significant residual challenges (material top-line decline, a substantial FY loss driven by restructuring/impairments and provisions, elevated net debt and refinancing sensitivity). Management provided a cautious but constructive 2026 outlook (targeting positive organic growth with a downside to -5%, operating margin ~7% and positive cash flow), and emphasized strategic repositioning into agentic AI, sovereignty and cyber. The tone was cautiously optimistic: strong evidence of a reset and structural recovery but with execution and market risks to monitor in 2026 before a full rebound/acceleration can be confirmed.Positive Updates
Revenue and FY 2025 Results
Reported revenues of EUR 8,001 million in FY2025, above the prior guidance; FY25 organic revenue decline of ~14% versus prior year, with Q4 organic decline narrowing to ~9% (inflection in trajectory).
Negative Updates
Significant revenue contraction in FY2025
Organic revenue decrease of ~14% in FY2025 versus prior year; management expects Q1 2026 still weak (around -9% to -10%) and includes a cautionary downside scenario for 2026 organic growth of up to -5%.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue and FY 2025 Results
Reported revenues of EUR 8,001 million in FY2025, above the prior guidance; FY25 organic revenue decline of ~14% versus prior year, with Q4 organic decline narrowing to ~9% (inflection in trajectory).
Read all positive updates
Company Guidance
Management guided for fiscal 2026 to deliver positive organic revenue growth (the internal budget is for growth, with a cautious downside scenario limited to -5%), with Q1 expected around -9%/‑10% and a stabilization in H2 leading to a rebound in Q3/Q4; an operating margin target of ~7% (c. €500m, ~+60% vs FY25’s €351m/4.4%); a positive net change in cash for the year; CapEx of roughly €100m+; headcount and perimeter after recent disposals ~57–58k people and ~54 countries to be reduced below ~40; Genesis savings execution to continue (88% of a €650m target achieved in FY25, ~€200m more to come in 2026); net debt was €1.8bn at 31/12/25 (cash €1.265bn; borrowings nominal €3.64bn; leverage 3.17x) with a goal to reduce leverage below 1.5x by end‑2028 and reach ~10% EBIT margin and 5–7% top‑line growth by 2028; guidance excludes debt repayments, FX and M&A.Atos SE Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.69B | 9.58B | 10.69B | 11.27B | 10.84B |
| Gross Profit | 1.68B | 3.22B | 3.49B | 3.40B | 3.51B |
| EBITDA | 876.01M | 1.41B | -2.32B | 238.00M | -343.00M |
| Net Income | -1.35B | 248.00M | -3.44B | -1.02B | -2.96B |
Balance Sheet | |||||
| Total Assets | 6.32B | 8.25B | 11.29B | 16.39B | 16.82B |
| Cash, Cash Equivalents and Short-Term Investments | 1.24B | 1.74B | 2.31B | 3.35B | 3.39B |
| Total Debt | 2.76B | 2.81B | 5.48B | 5.88B | 5.85B |
| Total Liabilities | 7.11B | 7.45B | 11.23B | 12.59B | 12.38B |
| Stockholders Equity | -786.67M | 799.00M | 55.00M | 3.79B | 4.44B |
Cash Flow | |||||
| Free Cash Flow | -87.41M | -1.85B | -618.00M | 176.00M | 107.00M |
| Operating Cash Flow | 75.88M | -1.40B | -413.00M | 427.00M | 379.00M |
| Investing Cash Flow | -170.01M | -203.00M | 213.00M | -251.00M | -656.00M |
| Financing Cash Flow | -270.87M | 1.02B | -622.00M | -304.00M | 300.00M |
Atos SE Technical Analysis
Negative
13.27
Price Trends
9.61
Negative
10.62
Negative
10.10
Negative
Market Momentum
-0.47
Negative
39.81
Neutral
27.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEXAY, the sentiment is Negative. The current price of 13.27 is above the 20-day moving average (MA) of 8.41, above the 50-day MA of 9.61, and above the 200-day MA of 10.10, indicating a bearish trend. The MACD of -0.47 indicates Negative momentum. The RSI at 39.81 is Neutral, neither overbought nor oversold. The STOCH value of 27.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AEXAY.
Atos SE Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $799.86M | -2,802.95 | 21.85% | ― | 12.94% | 356.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $849.58M | -82.49 | -2.13% | ― | 8.65% | -117.14% | |
59 Neutral | $2.10B | 6.07 | 13.41% | ― | -4.13% | 2143.48% | |
53 Neutral | $2.88B | 26.53 | 20.43% | ― | -1.90% | ― | |
52 Neutral | $1.74B | 23.28 | -37.51% | 3.38% | 3.40% | 53.13% | |
43 Neutral | $774.56M | -0.64 | 319.82% | ― | -14.15% | ― |
* Technology Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.