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HighCo SA
(HCO)
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Rating:63Neutral
Price Target:
€4.00
▼(-0.25% Downside)
Action:Downgraded
Date:04/24/26
The score is driven mainly by resilient cash flow and a still-manageable balance sheet, but it is held back by the 2025 revenue/profit pressure and debt increase. Technically, the stock shows constructive momentum, while valuation remains a key constraint due to the high P/E despite the attractive dividend yield.
Positive Factors
Consistent strong free cash flow
HighCo's multi-year positive free cash flow provides durable internal funding for operations, dividends, and investment. Even with a 2025 decline, absolute FCF remains sizable for the company's scale, supporting resilience through cycles and reducing reliance on external financing.
Negative Factors
2025 top-line and margin pressure
A material 2025 revenue drop and weaker gross profit signal structural demand or pricing pressure in the core promotional services market. Persistent top-line and margin volatility risks erode earnings durability, constrain reinvestment, and may force margin remediation or cost actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent strong free cash flow
HighCo's multi-year positive free cash flow provides durable internal funding for operations, dividends, and investment. Even with a 2025 decline, absolute FCF remains sizable for the company's scale, supporting resilience through cycles and reducing reliance on external financing.
Read all positive factors
HighCo SA (HCO) vs. iShares MSCI France ETF (EWQ)
Market Cap
€67.39M
Dividend Yield5.16%
Average Volume (3M)48.28K
Price to Earnings (P/E)19.8
Beta (1Y)0.40
Revenue Growth-32.60%
EPS Growth-34.73%
CountryFR
Employees548
SectorGeneral
Sector StrengthN/A
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.18
Shares Outstanding20,455,402
10 Day Avg. Volume48,419
30 Day Avg. Volume48,278
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)1.06
Price to Sales (P/S)0.79
P/FCF Ratio4.39
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)0.18
Revenue Forecast (FY)€128.70M
HighCo SA Business Overview & Revenue Model
Company Description
High Co. S.A. is a global marketing firm that provides comprehensive solutions to a variety of retailers and brands across the world. The company offers a broad spectrum of services, including strategic brand development, communication planning, a...
How the Company Makes Money
HighCo makes money mainly by providing promotional marketing solutions and related technology/services to retailers and consumer goods brands. Its core revenues typically come from (1) fees paid by brands and retailers for the creation, execution,...
HighCo SA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
73
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 98.65M | 146.38M | 145.44M | 144.57M | 137.45M |
| Gross Profit | 9.53M | 57.64M | 24.61M | 20.76M | 67.15M |
| EBITDA | 10.59M | 18.90M | 21.38M | 13.25M | 24.96M |
| Net Income | 4.85M | 7.46M | 11.12M | 1.79M | 11.19M |
Balance Sheet | |||||
| Total Assets | 211.04M | 206.82M | 203.79M | 214.75M | 218.65M |
| Cash, Cash Equivalents and Short-Term Investments | 94.97M | 80.69M | 66.13M | 70.00M | 73.72M |
| Total Debt | 21.80M | 6.10M | 12.56M | 15.04M | 15.88M |
| Total Liabilities | 137.53M | 111.92M | 111.94M | 123.48M | 119.69M |
| Stockholders Equity | 73.64M | 93.03M | 89.86M | 89.15M | 96.56M |
Cash Flow | |||||
| Free Cash Flow | 17.73M | 24.10M | 10.85M | 9.81M | 9.68M |
| Operating Cash Flow | 18.51M | 24.60M | 12.78M | 10.96M | 10.74M |
| Investing Cash Flow | 7.57M | -712.00K | -1.87M | -1.32M | -986.00K |
| Financing Cash Flow | -11.79M | -9.32M | -14.78M | -13.36M | -47.67M |
HighCo SA Technical Analysis
Neutral
4.01
Price Trends
3.57
Positive
3.49
Positive
3.57
Positive
Market Momentum
<0.01
Positive
47.65
Neutral
27.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:HCO, the sentiment is Neutral. The current price of 4.01 is above the 20-day moving average (MA) of 3.62, above the 50-day MA of 3.57, and above the 200-day MA of 3.57, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 27.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:HCO.
HighCo SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €22.04B | 13.21 | 17.51% | 4.10% | 8.54% | -0.58% | |
63 Neutral | €67.39M | 19.83 | 4.71% | 5.16% | -32.60% | -34.73% | |
57 Neutral | €47.42M | 21.18 | ― | 4.85% | -15.11% | -57.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €71.77M | 23.82 | ― | ― | 42.19% | -33.69% | |
45 Neutral | €66.78M | 7.91 | ― | ― | -2.99% | ― |
* General Sector Average
FR:HCO
HighCo SA
3.57
0.40
12.51%
FR:PUB
Publicis Groupe
86.94
0.96
1.12%
FR:LOCAL
Solocal
4.09
1.34
48.55%
FR:ALBLD
Bilendi SA
15.48
-7.92
-33.85%
FR:ALHOP
Hopscotch Groupe SA
14.90
-1.62
-9.82%
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.