Nacon SASU (NACON) AI Stock Analysis

• Market Cap: €13.49M
• Dividend Yield: N/A
• Average Volume (3M): 146.49K
• Price to Earnings (P/E): 7.8
• Beta (1Y): 1.61
• 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): 0.00
• 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): 0.11
• Revenue Forecast (FY): €194.55M

• Rating: 47 Neutral
• Price Target: €0.11 ▼(-79.25% Downside)
• Action: Reiterated Date: 03/26/26
• Date: Action: Reiterated 03/26/26

The score is held back primarily by weak technicals (price far below key moving averages, negative MACD, very low RSI) and pressured fundamentals (declining revenue, negative profitability, and soft free cash flow trends). A comparatively low P/E provides some valuation support but is not enough to offset the trend and profitability risks.

Positive Factors

Diversified Business Lines

Operating both game publishing/development and gaming accessories reduces reliance on any single title or market cycle. This durable diversification smooths revenue, enables cross-selling between software and peripherals, and supports steadier reinvestment in IP and R&D over time.

Negative Factors

Declining Revenue Trend

A roughly 5% recent revenue decline signals weakening demand or underperforming releases. Sustained top-line contraction reduces scale advantages in distribution and accessories, constrains marketing and development budgets, and raises the risk of lost share versus better-funded peers over the medium term.

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 ...

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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 ...

How the Company Makes Money

Nacon primarily makes money through two main business lines: (1) video games and (2) gaming accessories. In video games, it earns revenue by publishing and distributing titles it owns or licenses, generating sales from physical game units sold thr...

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Nacon primarily makes money through two main business lines: (1) video games and (2) gaming accessories. In video games, it earns revenue by publishing and distributing titles it owns or licenses, generating sales from physical game units sold thr...

Nacon SASU Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	169.03M	167.94M	167.71M	155.98M	155.91M	177.83M
Gross Profit	64.26M	21.59M	28.14M	35.88M	37.61M	49.93M
EBITDA	2.84M	-1.28M	70.54M	48.56M	39.84M	54.96M
Net Income	-1.03M	-1.34M	17.53M	12.77M	9.96M	18.30M
Balance Sheet
Total Assets	516.51M	512.93M	478.96M	483.31M	412.25M	317.51M
Cash, Cash Equivalents and Short-Term Investments	16.48M	29.27M	26.24M	47.60M	82.15M	96.75M
Total Debt	136.16M	143.48M	142.80M	168.85M	145.00M	59.45M
Total Liabilities	233.26M	228.57M	215.41M	240.76M	183.84M	107.05M
Stockholders Equity	283.26M	284.36M	263.55M	242.55M	228.41M	210.72M
Cash Flow
Free Cash Flow	69.45M	59.34M	71.88M	45.04M	31.04M	54.46M
Operating Cash Flow	70.12M	60.46M	73.09M	47.35M	32.38M	55.66M
Investing Cash Flow	-78.66M	-79.99M	-87.30M	-115.94M	-81.35M	-53.70M
Financing Cash Flow	4.14M	19.14M	-8.55M	33.89M	35.28M	-15.58M

Nacon SASU Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NACON, the sentiment is Negative. The current price of 0.53 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.25, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 25.55 is Positive, neither overbought nor oversold. The STOCH value of 26.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:NACON.

Nacon SASU Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALREW	63 Neutral	€89.60M	6.57	12.60%	1.29%	-3.53%	28.87%
ALPUL	62 Neutral	€106.89M	―	-0.44%	6.54%	-14.35%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
NACON	47 Neutral	€13.49M	7.83	-0.36%	―	-4.48%	-105.25%
UBI	45 Neutral	€539.08M	-1.98	-4.52%	―	-11.78%	-28.61%
ALDNE	38 Underperform	€6.14M	-0.16	-97.87%	―	90.92%	24.05%
ALATA	38 Underperform	€56.16M	-2.54	-514.29%	―	63.11%	10.97%