ABC Arbitrage SA (FR:ABCA)
:ABCA
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ABC Arbitrage
(ABCA)
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Rating:72Outperform
Price Target:
€6.00
▲(13.64% Upside)
Action:UpgradedDate:03/25/26
The score is primarily supported by solid underlying financial quality (strong profitability and very low leverage) and an attractive valuation (low P/E and high dividend yield). Offsetting these positives are weaker technicals (below key moving averages) and some financial comparability/data-quality concerns (2024 EBITDA inconsistency and 2025 free cash flow reported as 0).
Positive Factors
Conservative balance sheet / Low leverage
ABC maintains very low leverage and a stable equity base, which materially reduces refinancing and margin-call risk for a capital-intensive trading business. This conservatism preserves optionality to deploy capital into trading strategies, weather drawdowns, and sustain distributions over the medium term.
Negative Factors
Choppy revenue / uneven growth
Top-line volatility reflects the firm's exposure to variable arbitrage opportunities and market liquidity. Such uneven revenue complicates forward planning, increases forecast risk for earnings and cash returns, and can force procyclical capital moves during weaker market windows.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / Low leverage
ABC maintains very low leverage and a stable equity base, which materially reduces refinancing and margin-call risk for a capital-intensive trading business. This conservatism preserves optionality to deploy capital into trading strategies, weather drawdowns, and sustain distributions over the medium term.
Read all positive factors
ABC Arbitrage (ABCA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€316.37M
Dividend Yield6.43%
Average Volume (3M)43.48K
Price to Earnings (P/E)11.0
Beta (1Y)0.33
Revenue Growth53.67%
EPS Growth116.00%
CountryFR
Employees108
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.13
Shares Outstanding59,608,880
10 Day Avg. Volume57,982
30 Day Avg. Volume43,476
Financial Highlights & Ratios
PEG Ratio-1.92
Price to Book (P/B)1.89
Price to Sales (P/S)5.38
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€7.40Price Target Upside40.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.37
Revenue Forecast (FY)€56.60M
ABC Arbitrage Business Overview & Revenue Model
Company Description
ABC arbitrage SA, together with its subsidiaries, develops arbitrage strategies for liquid assets worldwide. It develops liquidity, statistical, risk, and derivatives arbitrage strategies; and provides asset and portfolio management services. The ...
How the Company Makes Money
ABC Arbitrage primarily makes money by trading its own capital using systematic, algorithmic strategies intended to capture small price discrepancies (arbitrage) and other quantitative signals while keeping overall market exposure low. Its main re...
ABC Arbitrage Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
84
Very Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 59.70M | 51.41M | 39.81M | 61.44M | 64.34M |
| Gross Profit | 57.86M | 48.54M | 19.02M | 45.92M | 50.00M |
| EBITDA | 26.82M | -882.00K | 18.39M | 30.85M | 37.11M |
| Net Income | 25.10M | 26.84M | 16.48M | 29.15M | 28.04M |
Balance Sheet | |||||
| Total Assets | 185.09M | 178.36M | 172.11M | 187.33M | 185.20M |
| Cash, Cash Equivalents and Short-Term Investments | 169.28M | 161.39M | 156.95M | 168.40M | 152.24M |
| Total Debt | 2.63M | 4.04M | 4.84M | 5.70M | 5.39M |
| Total Liabilities | 15.48M | 14.23M | 16.70M | 25.67M | 25.18M |
| Stockholders Equity | 170.00M | 164.13M | 155.41M | 161.66M | 160.02M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 21.11M | 19.98M | 24.40M | 34.05M |
| Operating Cash Flow | 22.56M | 21.11M | 19.98M | 24.40M | 34.05M |
| Investing Cash Flow | -763.00K | -1.20M | -2.06M | -890.00K | -707.00K |
| Financing Cash Flow | -21.35M | -19.40M | -22.93M | -27.54M | -23.86M |
ABC Arbitrage Technical Analysis
Negative
5.28
Price Trends
5.43
Negative
5.36
Negative
5.47
Negative
Market Momentum
-0.04
Negative
46.15
Neutral
13.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ABCA, the sentiment is Negative. The current price of 5.28 is below the 20-day moving average (MA) of 5.29, below the 50-day MA of 5.43, and below the 200-day MA of 5.47, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 46.15 is Neutral, neither overbought nor oversold. The STOCH value of 13.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ABCA.
ABC Arbitrage Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €316.37M | 11.03 | 21.06% | 6.43% | 53.67% | 116.00% | |
70 Outperform | €1.99B | 18.19 | 23.08% | 6.77% | 9.60% | 5.96% | |
63 Neutral | €3.42B | 20.35 | 2.94% | 5.10% | 12.44% | 12.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €3.66B | -7.17 | -2.85% | 7.66% | 9.86% | -118.70% | |
49 Neutral | €3.16B | -7.37 | -5.82% | 4.99% | 11.76% | -735.88% |
* General Sector Average
FR:ABCA
ABC Arbitrage
5.33
-0.29
-5.09%
FR:RF
Eurazeo
47.48
-8.96
-15.87%
FR:IDIP
Institut de Developpement Industriel SA IDI
70.60
2.60
3.82%
FR:MF
Wendel SE
87.85
9.07
11.52%
FR:TKO
Tikehau Capital SCA
19.20
1.96
11.36%
FR:ANTIN
Antin Infrastructure Partners
11.20
2.28
25.56%
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.