High Gross Profit MarginA sustained gross margin of ~63% indicates structural product-level profitability, reflecting efficient sourcing for accessories and favorable economics on game sales. This margin buffer helps absorb SG&A and development cost swings, supporting long-term margin recovery if overheads are controlled.

Diversified Business Lines (games And Accessories)Operating both publishing/development and branded peripherals reduces revenue concentration risk inherent to hit-driven game releases. Accessories provide steadier hardware revenue and margins, while games offer upside from IP and DLC, creating complementary cashflow streams across cycles.

Moderate Leverage With Healthy Equity RatioA moderate debt-to-equity (~0.5) and healthy equity ratio give the company financial flexibility to fund development cycles and product launches without excessive refinancing risk. This capital structure supports investment optionality while limiting leverage-driven fragility.

Bears Say

Declining Revenue TrendA recent revenue decline of ~5% signals weakening top-line momentum for both games and accessories. Persistent revenue contraction can erode scale, reduce bargaining power with distributors and platforms, and limit funds available for content investment and marketing over the medium term.

Negative Profitability And Eroding Operating MarginsNegative net margins and deteriorating EBIT/EBITDA margins indicate operations are not covering fixed and overhead costs. This undermines retained earnings, depresses ROE, and may force cost cuts or lower investment in studios and IP, harming long-term content competitiveness.

Weak Cash Flow Growth And Suboptimal Cash ConversionDeclining free cash flow growth and operating cash conversion below 1 show earnings aren't reliably turning into cash. This reduces internal funding for development, marketing, and M&A, increases reliance on external financing, and raises vulnerability during cyclical downturns.

NACON FAQ

What was Nacon SASU’s price range in the past 12 months?

Nacon SASU lowest stock price was €0.25 and its highest was €0.97 in the past 12 months.

What is Nacon SASU’s market cap?

Nacon SASU’s market cap is €30.56M.

When is Nacon SASU’s upcoming earnings report date?

Nacon SASU’s upcoming earnings report date is Jun 01, 2026 which is in 101 days.

How were Nacon SASU’s earnings last quarter?

Nacon SASU released its earnings results on Nov 24, 2025. The company reported €0 earnings per share for the quarter, the consensus estimate of N/A by €0.

Is Nacon SASU overvalued?

According to Wall Street analysts Nacon SASU’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Nacon SASU pay dividends?

Nacon SASU does not currently pay dividends.

What is Nacon SASU’s EPS estimate?

Nacon SASU’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Nacon SASU have?

Nacon SASU has 109,172,490 shares outstanding.

What happened to Nacon SASU’s price movement after its last earnings report?

Nacon SASU reported an EPS of €0 in its last earnings report, expectations of N/A. Following the earnings report the stock price went down -3.462%.

Which hedge fund is a major shareholder of Nacon SASU?

Currently, no hedge funds are holding shares in FR:NACON

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Nacon SASU

Nacon S.A. designs and distributes gaming accessories in France and internationally. The company offers accessories, including headsets, microphones, controllers, racing wheels, gaming chairs, keyboards, mice, mats, audio accessories, and console accessories. It also develops and publishes video games in various categories, such as action-adventure, racing, sport, and simulation. The company was founded in 2019 and is based in Fretin, France. Nacon S.A. is a subsidiary of BigBen Interactive SA.