Omer - Decugis & Cie SA (ALODC) AI Stock Analysis

• Market Cap: €81.30M
• Dividend Yield: 1.07%
• Average Volume (3M): 3.68K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.19
• Revenue Growth: 16.88%
• EPS Growth: -15.24%
• Country: FR
• Employees: 29
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Distribution
• EPS (TTM): 0.30
• Shares Outstanding: 8,594,383
• 10 Day Avg. Volume: 5,478
• 30 Day Avg. Volume: 3,684
• PEG Ratio: 0.09
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 122.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.73
• Revenue Forecast (FY): €321.17M

• Rating: 68 Neutral
• Price Target: €10.00 ▲(22.55% Upside)
• Action: Downgraded Date: 02/04/26
• Date: Action: Downgraded 02/04/26

Score is driven primarily by improving profitability and a strengthening (de-leveraging) balance sheet, tempered by weaker and historically volatile cash conversion—especially the sharp 2025 free cash flow step-down. Technicals add support due to a clear uptrend, while valuation is reasonable at ~12x earnings with a modest dividend yield.

Positive Factors

Sustained Revenue Growth

Multi-year revenue expansion to ~€285M signals durable commercial traction in sourcing and distribution. Scaling sales improves purchasing leverage, supports fixed-cost absorption and creates a larger base for margin improvement and service expansion, strengthening long-term competitive position.

De-leveraging Balance Sheet

Material debt reduction and rising equity enhance financial resilience and optionality. Lower leverage reduces interest and refinancing risk, increases capacity for targeted investment or working-capital cycles in produce distribution, and improves ability to withstand seasonal or market shocks.

Margin Expansion

Sharp margin improvement suggests better pricing, cost control or mix shift toward higher-value SKUs and services. Sustained margin recovery increases cash flow potential per unit sold, enabling reinvestment and cushioning cyclical swings common in fresh-produce distribution.

Negative Factors

Volatile Cash Conversion

Material free-cash-flow deterioration and a meaningful drop in operating cash flow indicate weak cash conversion. For a working-capital intensive fresh-produce business, this raises funding pressure for inventory and seasonal needs, limiting capacity for capex or dividend stability over cycles.

Historical Profitability Volatility

Past years of losses and very low profits point to sensitivity to input costs, pricing and supply disruptions. Such volatility undermines forecasting reliability, complicates long-term planning and makes retained-earnings accumulation and predictable capital allocation more difficult.

Low Absolute Margin Buffer

Even after improvement, low single-digit net margins offer limited buffer against cost or price shocks. In a low-margin, volume-driven distribution model, small adverse changes in procurement or logistics costs can quickly erode profitability and strain liquidity.

Omer - Decugis & Cie SA Business Overview & Revenue Model

Company Description

Omer-Decugis & Cie SA produces and sells fresh fruits and vegetables in France and Europe. It offers bananas, pineapples, and mango and ripened fruits, as well as various exotic and ethnic, and premium fruits and vegetables. The company also provides tomatoes, apples, citrus fruits, beans, pears, and seasonal fruits and vegetables. It offers its products under the DIBRA, TERRASOL, SELVATICA, LE MARCHE, DON ED'S, FINE, ELIT, and CROQ'APY brand names. The company was founded in 1850 and is based in Rungis, France. Omer-Decugis & Cie SA is a subsidiary of Lescot SAS.

How the Company Makes Money

Omer - Decugis & Cie SA generates revenue primarily through management fees and performance-based fees from its asset management services. The company charges clients a percentage of the assets under management (AUM), which provides a steady income stream. In addition to management fees, ALOD may earn performance fees when investment returns exceed predefined benchmarks, incentivizing the firm to achieve superior performance for clients. The company may also engage in advisory services for mergers and acquisitions, earning fees based on the transaction size. Strategic partnerships with financial institutions and private equity firms may further enhance revenue opportunities through collaborative investment ventures and access to a broader client base.

Omer - Decugis & Cie SA Financial Statement Overview

Summary

Income statement shows a strong recovery with meaningful multi-year revenue growth and sharply improved 2025 margins, and the balance sheet is de-leveraging with rising equity. The main offset is cash-flow quality: 2025 operating cash flow declined year over year and free cash flow dropped materially, following historically unstable/negative cash years.

Income Statement

Revenue has scaled meaningfully over the period (from ~€120M in 2020 to ~€285M in 2025), with growth remaining positive in 2025. Profitability has improved sharply: gross margin expanded to ~14.5% in 2025 (vs ~8.9% in 2024), and operating and net margins rose to ~3.1% and ~2.2% respectively (up from ~1.6% and ~1.2% in 2024). A key weakness is the business’s history of volatility—2022 posted losses and very thin profits in 2023—indicating sensitivity to costs/pricing and a still-modest margin profile for the sector.

Balance Sheet

Leverage appears manageable and improving: total debt declined versus earlier years (from ~€17.2M in 2021 to ~€4.4M in 2025) while equity increased (to ~€37.4M in 2025), supporting a stronger capital position. Total assets also rose to ~€80.9M in 2025, consistent with business expansion. The main drawback is that some provided leverage/return figures for 2025 are shown as 0.0 (which limits ratio-based validation), and the company’s historical profitability swings (including a negative year in 2022) suggest balance-sheet strength should still be monitored through cycles.

Cash Flow

Cash generation is mixed. Operating cash flow was positive in 2023–2025, but it fell in 2025 (~€4.7M vs ~€6.4M in 2024). Free cash flow weakened materially in 2025 to ~€0.5M (down ~82% year over year), after being stronger in 2023–2024. Earlier years also showed instability with negative operating cash flow and deeply negative free cash flow in 2021–2022, pointing to working-capital and investment-driven swings that can pressure liquidity during weaker periods.

Breakdown	Dec 2025	Sep 2024	Dec 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	284.85M	246.95M	206.27M	188.55M	137.60M
Gross Profit	41.37M	21.87M	16.56M	11.84M	12.37M
EBITDA	11.65M	6.76M	2.95M	1.18M	3.11M
Net Income	6.32M	2.97M	93.09K	-1.23M	1.07M
Balance Sheet
Total Assets	80.94M	72.42M	61.61M	64.56M	68.68M
Cash, Cash Equivalents and Short-Term Investments	3.48M	3.83M	2.75M	2.05M	18.32M
Total Debt	4.42M	5.89M	6.87M	12.41M	17.21M
Total Liabilities	43.31M	40.24M	32.10M	34.69M	37.18M
Stockholders Equity	37.44M	31.79M	29.54M	29.86M	31.50M
Cash Flow
Free Cash Flow	517.48K	2.83M	3.57M	-12.08M	-6.15M
Operating Cash Flow	4.67M	6.41M	8.91M	-7.85M	-2.56M
Investing Cash Flow	-2.90M	-2.81M	-2.30M	-3.16M	-3.06M
Financing Cash Flow	-2.10M	-2.53M	1.11M	-2.57M	15.65M

Omer - Decugis & Cie SA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALODC, the sentiment is Neutral. The current price of 8.16 is below the 20-day moving average (MA) of 9.62, below the 50-day MA of 8.92, and above the 200-day MA of 7.54, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 50.74 is Neutral, neither overbought nor oversold. The STOCH value of 55.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALODC.

Omer - Decugis & Cie SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALODC	68 Neutral	€81.30M	12.73	13.04%	1.07%	16.88%	-15.24%
AURE	64 Neutral	€50.46M	-31.53	―	2.59%	-11.23%	43.27%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ALECO	47 Neutral	€11.38M	-3.13	-63.95%	―	-2.10%	64.37%