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EXEL INDUSTRIES SA (FR:EXE)
:EXE
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EXEL INDUSTRIES (EXE) AI Stock Analysis

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FR:EXE

EXEL INDUSTRIES

(EXE)

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Neutral 61 (OpenAI - 5.2)
Rating:61Neutral
Price Target:
€23.50
▼(-38.96% Downside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by financial performance: improving leverage and solid operating/free cash flow provide support, but the latest year shows weaker revenue and profitability (margin compression and lower ROE). With no technical indicators available, the technical input is neutral, and valuation is mixed due to a moderate dividend yield but a negative P/E.
Positive Factors
Improving leverage
Material debt reduction strengthens financial resilience and lowers interest service risk, giving management more optionality to fund working capital, capex, or acquisitions. Improved leverage supports stability through cycles and reduces refinancing exposure over the coming months.
Negative Factors
Revenue decline and volatility
A recent revenue drop following volatile growth impairs operating leverage and reduces headroom to absorb fixed costs. If demand weakness persists, the business may struggle to rebuild top-line momentum quickly, weighing on margins and reinvestment capability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Material debt reduction strengthens financial resilience and lowers interest service risk, giving management more optionality to fund working capital, capex, or acquisitions. Improved leverage supports stability through cycles and reduces refinancing exposure over the coming months.
Read all positive factors

EXEL INDUSTRIES (EXE) vs. iShares MSCI France ETF (EWQ)

EXEL INDUSTRIES Business Overview & Revenue Model

Company Description
Established in 1952 and headquartered in Paris, France, EXEL Industries S.A. is a global entity dedicated to the design, manufacturing, and marketing of agricultural spraying solutions. The company's diverse offerings extend beyond its primary foc...
How the Company Makes Money
EXEL Industries makes money primarily by selling application and spraying equipment and related solutions to professional customers. Key revenue streams typically include: (1) Sales of new equipment: revenue from manufacturing and selling complete...

EXEL INDUSTRIES Financial Statement Overview

Summary
Mixed fundamentals: leverage is improving with debt down materially (about €226M in 2022 to ~€140M in 2025) and cash generation is solid (2025 OCF ~€71M, FCF ~€46M). Offsetting this, 2025 shows a downturn in revenue (~6% decline) and clear margin compression (net margin ~1.7%, operating margin ~3.7%), with ROE cooling to ~3.5%.
Income Statement
55
Neutral
Balance Sheet
68
Positive
Cash Flow
72
Positive
BreakdownTTMSep 2025Sep 2024Sep 2023Sep 2022Sep 2021
Income Statement
Total Revenue920.50M983.00M1.10B1.09B977.03M876.77M
Gross Profit230.46M475.50M516.69M507.78M447.26M419.14M
EBITDA44.99M60.19M82.65M95.34M67.48M83.88M
Net Income-3.90M16.30M31.16M42.50M28.58M43.48M
Balance Sheet
Total Assets925.70M840.40M887.29M884.18M893.33M781.36M
Cash, Cash Equivalents and Short-Term Investments41.27M41.77M50.20M64.86M65.52M83.32M
Total Debt209.32M140.31M178.76M182.66M226.09M125.88M
Total Liabilities478.57M373.13M422.93M440.11M473.67M391.39M
Stockholders Equity445.83M465.90M463.14M442.86M419.64M389.95M
Cash Flow
Free Cash Flow20.27M45.92M19.31M62.34M-68.84M46.94M
Operating Cash Flow44.52M70.80M49.54M82.65M-41.88M62.95M
Investing Cash Flow-22.90M-24.23M-28.18M-20.51M-55.08M-14.37M
Financing Cash Flow-4.86M-53.36M-33.38M-57.52M85.44M-26.22M

EXEL INDUSTRIES Technical Analysis

Technical Analysis Sentiment
Negative
Last Price38.50
Price Trends
50DMA
26.81
Negative
100DMA
30.95
Negative
200DMA
33.77
Negative
Market Momentum
MACD
-1.66
Negative
RSI
41.08
Neutral
STOCH
63.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EXE, the sentiment is Negative. The current price of 38.5 is above the 20-day moving average (MA) of 22.61, above the 50-day MA of 26.81, and above the 200-day MA of 33.77, indicating a bearish trend. The MACD of -1.66 indicates Negative momentum. The RSI at 41.08 is Neutral, neither overbought nor oversold. The STOCH value of 63.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:EXE.

EXEL INDUSTRIES Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
€134.62M12.2711.66%2.03%0.05%0.42%
63
Neutral
€718.69M13.717.79%6.54%-3.45%-43.87%
61
Neutral
€153.37M-39.653.00%-12.33%-113.67%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
50
Neutral
€7.69M-9.17-10.88%6.14%78.00%
45
Neutral
€64.08M-1.79-10.74%9.91%-20.01%-336.58%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FR:EXE
EXEL INDUSTRIES
22.60
-18.88
-45.51%
FR:PIG
Haulotte
2.19
0.01
0.64%
FR:MTU
Manitou BF
18.92
-1.11
-5.54%
FR:ALPM
Precia SA
25.00
-3.66
-12.76%
FR:ALWF
Winfarm SA
3.85
-0.02
-0.52%
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.Date of analysis: Jul 01, 2026