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Lacroix Group SA
(LACR)
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Rating:53Neutral
Price Target:
€20.50
▲(72.27% Upside)
Action:Reiterated
Date:07/15/26
The score is held back primarily by weakening fundamentals (revenue decline, continued net losses, and elevated leverage), partially offset by strong 2025 cash flow and a positive technical trend with supportive momentum. Valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
Cash generation
Improved operating cash flow (~€39M) and solid free cash flow (~€31M) in 2025 provide durable liquidity to fund operations, working capital and targeted investments despite accounting losses. Strong cash conversion cushions earnings volatility and supports gradual deleveraging or reinvestment over the medium term.
Negative Factors
Revenue deterioration
Sustained top-line decline (consecutive yearly drops, ~13% in 2025) erodes operating scale and fixed-cost absorption. Lower volumes reduce bargaining leverage with suppliers, pressure gross margins and constrain reinvestment capacity, making a durable earnings recovery dependent on new contract wins or meaningful volume stabilization.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Improved operating cash flow (~€39M) and solid free cash flow (~€31M) in 2025 provide durable liquidity to fund operations, working capital and targeted investments despite accounting losses. Strong cash conversion cushions earnings volatility and supports gradual deleveraging or reinvestment over the medium term.
Read all positive factors
Lacroix Group SA (LACR) vs. iShares MSCI France ETF (EWQ)
Market Cap
€96.92M
Dividend Yield5.91%
Average Volume (3M)9.74K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth-29.90%
EPS Growth-17.13%
CountryFR
Employees2,807
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-8.44
Shares Outstanding4,829,096
10 Day Avg. Volume6,126
30 Day Avg. Volume9,740
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.60
Price to Sales (P/S)0.12
P/FCF Ratio1.77
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)2.43
Revenue Forecast (FY)€450.50M
Lacroix Group SA Business Overview & Revenue Model
Company Description
LACROIX Group SA engages in the conception and supply of electronic equipment and industrial IoT solutions in France, Germany, the United States, Poland, and Tunisia. It operates through two segments, LACROIX Electronics and LACROIX Environment. T...
How the Company Makes Money
Lacroix Group primarily makes money through (1) electronics manufacturing services (EMS) and (2) connected/smart infrastructure solutions. In EMS, Lacroix generates revenue by producing electronic boards, modules, and assembled products for corpor...
Lacroix Group SA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 445.50M | 635.52M | 761.18M | 707.76M | 501.45M |
| Gross Profit | 27.54M | 194.48M | 21.63M | 212.10M | 161.72M |
| EBITDA | 34.03M | 16.01M | 40.55M | 41.76M | 36.34M |
| Net Income | -39.67M | -33.76M | 4.27M | 11.88M | 21.61M |
Balance Sheet | |||||
| Total Assets | 390.22M | 537.73M | 607.10M | 591.44M | 543.22M |
| Cash, Cash Equivalents and Short-Term Investments | 38.54M | 43.20M | 44.91M | 24.89M | 33.38M |
| Total Debt | 126.17M | 169.50M | 172.28M | 174.61M | 150.39M |
| Total Liabilities | 296.10M | 397.34M | 417.04M | 397.55M | 362.84M |
| Stockholders Equity | 91.45M | 136.32M | 177.91M | 174.11M | 154.06M |
Cash Flow | |||||
| Free Cash Flow | 30.84M | 12.60M | 19.45M | -18.05M | -25.62M |
| Operating Cash Flow | 39.39M | 29.30M | 36.30M | 1.47M | 4.87M |
| Investing Cash Flow | -2.80M | -14.12M | -13.71M | -18.47M | -102.26M |
| Financing Cash Flow | -23.69M | -12.35M | 10.15M | -2.37M | 56.38M |
Lacroix Group SA Technical Analysis
Positive
11.90
Price Trends
17.96
Positive
15.62
Positive
13.81
Positive
Market Momentum
0.39
Negative
66.79
Neutral
93.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:LACR, the sentiment is Positive. The current price of 11.9 is below the 20-day moving average (MA) of 18.63, below the 50-day MA of 17.96, and below the 200-day MA of 13.81, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 66.79 is Neutral, neither overbought nor oversold. The STOCH value of 93.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:LACR.
Lacroix Group SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €36.75M | 39.45 | ― | ― | -5.32% | -34.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | €96.92M | -2.37 | -4.96% | 5.91% | -29.90% | -17.13% | |
44 Neutral | €61.13M | -0.96 | -31.94% | ― | -10.40% | -284.08% | |
43 Neutral | €20.27M | -6.54 | -59.96% | ― | ― | ― |
* Technology Sector Average
FR:LACR
Lacroix Group SA
20.00
12.00
150.00%
FR:ALGID
Egide SA
1.01
0.40
66.67%
FR:S30
Solutions 30 SE
0.55
-1.36
-71.13%
FR:MEMS
MEMSCAP SA
4.60
0.60
14.91%
FR:ALKLK
Kerlink SA
1.01
0.08
9.07%
FR:ALWEC
WE.CONNECT SA
25.80
5.91
29.70%
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.