Nacon SASU (NACON) AI Stock Analysis

• Market Cap: €54.79M
• Dividend Yield: N/A
• Average Volume (3M): 146.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.37
• Revenue Growth: -4.48%
• EPS Growth: -105.25%
• Country: FR
• Employees: 1,070
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.02
• Shares Outstanding: 109,172,490
• 10 Day Avg. Volume: 135,591
• 30 Day Avg. Volume: 146,490
• PEG Ratio: 0.42
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 1.01
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: €0.50 ▼(-13.79% Downside)

Nacon SASU's overall stock score is primarily impacted by its financial performance challenges and bearish technical indicators. The negative P/E ratio and lack of dividend yield further weigh on its valuation. The absence of earnings call data and corporate events leaves these areas unaddressed.

Positive Factors

Stable Gross Profit Margin

A stable gross profit margin indicates effective cost management, which can support long-term profitability despite revenue fluctuations.

Diverse Revenue Streams

Diverse revenue streams reduce dependency on a single segment, providing resilience against market volatility and supporting sustainable growth.

Healthy Capital Structure

A moderate debt-to-equity ratio suggests a balanced approach to leveraging, providing financial stability and flexibility for future investments.

Negative Factors

Declining Revenue Trend

A declining revenue trend poses a risk to long-term growth and profitability, necessitating strategic adjustments to reverse the trend.

Negative Net Profit Margin

A negative net profit margin indicates challenges in maintaining profitability, which could impact long-term financial health if not addressed.

Cash Flow Challenges

Declining free cash flow growth suggests potential liquidity issues, which could limit the company's ability to invest in growth opportunities.

Nacon SASU Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

NACON generates revenue through multiple streams, primarily from the sale of video games, which includes both physical and digital formats. The company publishes its own titles and collaborates with various developers to bring games to market, earning royalties and sales revenue. Additionally, NACON profits from the sale of gaming accessories, which cater to both casual and professional gamers. Partnerships with leading gaming platforms and participation in licensing deals further enhance its revenue potential. The company also benefits from seasonal sales and promotional events, which boost sales figures during peak gaming periods.

Nacon SASU Financial Statement Overview

Summary

Nacon SASU faces challenges in maintaining profitability and cash flow growth amidst a declining revenue trend. While the company has a stable capital structure, operational inefficiencies and negative returns on equity pose risks. Continued focus on improving operational margins and cash flow generation is crucial for future stability.

Income Statement

Nacon SASU has experienced fluctuating revenue growth, with a recent decline of 5.09% in the latest period. The gross profit margin remains relatively stable at 63.22%, indicating efficient cost management. However, the net profit margin has turned negative, reflecting challenges in maintaining profitability. The EBIT and EBITDA margins have also deteriorated, suggesting operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.50, indicating a balanced approach to leveraging. However, the return on equity has turned negative, highlighting issues in generating returns for shareholders. The equity ratio remains healthy, suggesting a solid capital structure.

Cash Flow

Nacon SASU's free cash flow growth has declined by 5.34%, indicating potential cash flow challenges. The operating cash flow to net income ratio is below 1, suggesting that cash flow generation is not fully supporting net income. However, the free cash flow to net income ratio is close to 1, indicating that free cash flow is almost covering net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	167.94M	167.94M	167.71M	155.98M	155.91M	177.83M
Gross Profit	68.30M	106.18M	28.14M	40.52M	37.61M	49.93M
EBITDA	2.67M	-1.28M	70.54M	48.56M	39.84M	54.96M
Net Income	-1.34M	-1.34M	17.53M	12.77M	9.96M	18.30M
Balance Sheet
Total Assets	512.93M	512.93M	478.96M	483.31M	412.25M	317.51M
Cash, Cash Equivalents and Short-Term Investments	29.27M	29.27M	26.24M	47.60M	82.15M	96.75M
Total Debt	143.48M	143.48M	142.80M	168.85M	145.00M	59.45M
Total Liabilities	228.57M	228.57M	215.41M	240.76M	183.84M	107.05M
Stockholders Equity	284.36M	284.36M	263.55M	242.55M	228.41M	210.72M
Cash Flow
Free Cash Flow	56.87M	59.34M	71.88M	-34.60M	-27.17M	-258.00K
Operating Cash Flow	57.99M	60.46M	73.09M	45.84M	31.59M	54.68M
Investing Cash Flow	-79.99M	-79.99M	-87.30M	-115.94M	-81.35M	-53.70M
Financing Cash Flow	23.97M	19.14M	-8.55M	33.89M	35.28M	-15.58M

Nacon SASU Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NACON, the sentiment is Neutral. The current price of 0.58 is above the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.65, and below the 200-day MA of 0.67, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 43.04 is Neutral, neither overbought nor oversold. The STOCH value of 49.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:NACON.

Nacon SASU Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALREW	66 Neutral	€83.37M	3.38	12.60%	1.31%	-3.53%	28.87%
ALPUL	62 Neutral	€141.42M	6.84	13.78%	5.80%	108.18%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
UBI	43 Neutral	€899.33M	-5.25	-4.52%	―	-11.78%	-28.61%
NACON	42 Neutral	€54.79M	―	-0.36%	―	-4.48%	-105.25%
ALDNE	38 Underperform	€10.30M	-0.24	-77.09%	―	90.92%	24.05%
ALATA	38 Underperform	€65.03M	―	-514.29%	―	63.11%	10.97%