Mare Nostrum SA (FR) (FR:ALMAR)
:ALMAR
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Mare Nostrum SA (FR)
(ALMAR)
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Rating:59Neutral
Price Target:
€0.63
▲(109.67% Upside)
Action:Reiterated
Date:06/01/26
The score is held back mainly by weak underlying operating profitability, volatile revenue trends, and a still-constrained balance sheet with high leverage despite deleveraging. Support comes from consistently positive operating cash flow, constructive technical momentum, and an exceptionally low P/E valuation.
Positive Factors
Operating Cash Flow
Consistently positive operating cash flow over 2021–2025 provides a durable liquidity buffer for payroll-driven staffing operations. Steady OCF supports working capital cycles, funds capital spending and debt reduction, and gives management room to stabilize operations despite volatile accounting earnings.
Negative Factors
Weak Operating Profitability
Negative EBIT/EBITDA margins show the underlying operations fail to cover operating costs, implying the business relies on non-operating items or one-offs for reported net profit. Persistent operating losses constrain reinvestment, margin recovery and make business performance sensitive to labor cost or utilization shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cash Flow
Consistently positive operating cash flow over 2021–2025 provides a durable liquidity buffer for payroll-driven staffing operations. Steady OCF supports working capital cycles, funds capital spending and debt reduction, and gives management room to stabilize operations despite volatile accounting earnings.
Read all positive factors
Mare Nostrum SA (FR) (ALMAR) vs. iShares MSCI France ETF (EWQ)
Market Cap
€4.56M
Dividend YieldN/A
Average Volume (3M)2.29K
Price to Earnings (P/E)0.2
Beta (1Y)-0.30
Revenue Growth-8.98%
EPS GrowthN/A
CountryFR
Employees345
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)3.06
Shares Outstanding7,574,968
10 Day Avg. Volume4,820
30 Day Avg. Volume2,292
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.05
Price to Sales (P/S)0.02
P/FCF Ratio0.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mare Nostrum SA (FR) Business Overview & Revenue Model
Company Description
Mare Nostrum Société anonyme is a firm specializing in providing human capital management services to small and medium-sized businesses, with operations extending across France and internationally. Its services include temporary staffing, comprehe...
How the Company Makes Money
Mare Nostrum makes money mainly by supplying workforce and outsourced HR services to client companies. Its core revenue typically comes from (1) staffing/temporary work assignments where the company invoices clients for hours worked (or mission-ba...
Mare Nostrum SA (FR) Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
36
Negative
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 109.70M | 120.52M | 169.58M | 172.22M | 155.59M |
| Gross Profit | 1.00M | 44.46M | 35.49M | 66.74M | 36.69M |
| EBITDA | 15.30M | -7.35M | -6.24M | 893.00K | 2.39M |
| Net Income | 23.40M | -9.95M | -11.72M | -2.12M | -536.00K |
Balance Sheet | |||||
| Total Assets | 48.22M | 64.27M | 74.89M | 85.12M | 80.53M |
| Cash, Cash Equivalents and Short-Term Investments | 8.13M | 8.00M | 7.29M | 12.04M | 14.43M |
| Total Debt | 5.71M | 21.16M | 21.05M | 30.03M | 28.25M |
| Total Liabilities | 47.59M | 77.07M | 77.34M | 75.30M | 68.40M |
| Stockholders Equity | 769.00K | -13.40M | -3.48M | 8.10M | 10.48M |
Cash Flow | |||||
| Free Cash Flow | 4.94M | 6.35M | 5.04M | -1.78M | 191.00K |
| Operating Cash Flow | 5.25M | 6.52M | 5.88M | -14.00K | 1.98M |
| Investing Cash Flow | -3.97M | -6.52M | -1.98M | -2.83M | -2.43M |
| Financing Cash Flow | -118.00K | 422.00K | -1.10M | -4.53M | -289.00K |
Mare Nostrum SA (FR) Technical Analysis
Neutral
0.30
Price Trends
0.64
Negative
0.60
Positive
0.52
Positive
Market Momentum
>-0.01
Positive
43.09
Neutral
38.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALMAR, the sentiment is Neutral. The current price of 0.3 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.64, and below the 200-day MA of 0.52, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.09 is Neutral, neither overbought nor oversold. The STOCH value of 38.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALMAR.
Mare Nostrum SA (FR) Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | €4.56M | 0.19 | ― | ― | -8.98% | ― | |
57 Neutral | €18.55M | 21.15 | ― | ― | -9.27% | 1858.06% | |
56 Neutral | €9.66M | 150.51 | ― | ― | ― | ― | |
50 Neutral | €19.43M | -8.96 | ― | ― | -3.47% | 73.36% |
* Industrials 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.