Tikehau Capital SCA (TKO) AI Stock Analysis

• Market Cap: €2.78B
• Dividend Yield: 5.1%
• Average Volume (3M): 28.11K
• Price to Earnings (P/E): 15.3
• Beta (1Y): 0.72
• Revenue Growth: 12.44%
• EPS Growth: 12.15%
• Country: FR
• Employees: 717
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.48
• Shares Outstanding: 175,247,830
• 10 Day Avg. Volume: 15,611
• 30 Day Avg. Volume: 28,115
• PEG Ratio: -1.95
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 6.46
• P/FCF Ratio: 19.56
• 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: €21.10
• Price Target Upside: 31.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: €17.00 ▲(5.59% Upside)

The score is driven primarily by solid underlying profitability and manageable leverage, tempered by earnings/cash-flow variability. Technicals are the main drag with the stock still below key longer-term moving averages, while valuation is a relative positive supported by a reasonable P/E and strong dividend yield.

Tikehau Capital SCA Business Overview & Revenue Model

Company Description

Tikehau Capital is a private equity and venture capital firm specializing in providing a full range of financing products including senior secured loans, equity, senior debt, unitranche, mezzanine, and preferred shares. The firm seeks to make early stage, mezzanine, and turnaround investments and manage long-term capital for institutional and private investors in various asset classes including credit, listed, private equity, and real estate. It invests in all sectors and all countries with a focus on Singapore. The firm prefers to invests between 0.41 million ($0.5 million) and 70 million ($82.1073 million). The firm seeks to invest in small and middle market European corporate. It makes balance sheet investments. Tikehau Capital was founded in June 2004 and is based in Paris, France with additional offices across Europe, North America and Asia.

How the Company Makes Money

Tikehau Capital generates revenue primarily through management fees and performance fees on the assets it manages across its various investment strategies. Management fees are typically a percentage of the assets under management (AUM) and provide a steady income stream based on the size of the funds it oversees. Performance fees are earned when the returns on investments exceed predefined benchmarks, incentivizing the firm's investment teams to achieve superior performance. Additionally, Tikehau Capital may earn income from the capital it invests alongside its clients, as well as from advisory and transaction-related services. Strategic partnerships and joint ventures also contribute to its revenue, allowing the firm to expand its investment capabilities and reach.

Tikehau Capital SCA Financial Statement Overview

Summary

Strong profitability for an asset manager (2024 gross margin ~63%, operating margin ~48%, net margin ~28%) and a reasonably levered balance sheet (debt-to-equity ~0.51). The score is held back by volatility/cyclicality in revenue and margins (notably weaker vs. 2021–2023 peaks) and inconsistent cash conversion (2024 operating cash flow ~0.60x net income; historically choppy cash flows).

Income Statement

Profitability remains strong for an asset manager, with high gross and operating profitability in 2024 (gross margin ~63%, operating margin ~48%) and solid net profitability (~28%). However, results have been volatile: revenue fell in 2023 (down ~23%) and 2024 revenue declined again versus 2023 despite a positive 2024 growth rate figure, while net margin compressed materially from 2021–2023 peaks. The 2020 loss year highlights earnings sensitivity to market cycles and valuation effects.

Balance Sheet

Leverage appears manageable with debt-to-equity around ~0.51 in 2024 (moderate for the sector) and equity steadily rising over time. Total debt has increased versus 2019–2021 levels, and returns on equity are modest in 2024 (~4.8%) versus stronger levels in 2021–2022 (~10%+), suggesting reduced efficiency in converting capital into profits recently.

Cash Flow

Cash generation is positive and improving in 2024, with operating cash flow and free cash flow around €184M and a very strong free-cash-flow growth figure. That said, cash conversion versus earnings weakened in 2024 (operating cash flow covers only ~0.60x of net income), and cash flows have been choppy historically (notably negative operating/free cash flow in 2020 and relatively low coverage in multiple years), consistent with a business tied to timing and market-driven items.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	465.24M	557.80M	620.27M	602.38M	567.69M	15.56M
Gross Profit	325.48M	352.70M	468.10M	476.26M	430.61M	-37.51M
EBITDA	0.00	0.00	241.48M	378.18M	407.05M	-223.67M
Net Income	141.50M	155.80M	176.67M	320.17M	318.65M	-168.58M
Balance Sheet
Total Assets	5.50B	5.20B	4.90B	4.89B	4.61B	4.02B
Cash, Cash Equivalents and Short-Term Investments	261.40M	337.00M	322.57M	631.41M	1.27B	957.95M
Total Debt	2.18B	1.64B	1.50B	1.50B	1.33B	998.54M
Total Liabilities	2.40B	1.95B	1.71B	1.74B	1.57B	1.23B
Stockholders Equity	3.09B	3.25B	3.18B	3.14B	3.04B	2.79B
Cash Flow
Free Cash Flow	-122.79M	184.15M	193.01M	187.38M	125.03M	-356.13M
Operating Cash Flow	-122.79M	184.15M	193.01M	187.38M	125.03M	-356.13M
Investing Cash Flow	-460.54M	-97.93M	-356.52M	-775.82M	11.75M	-87.79M
Financing Cash Flow	235.26M	-7.30M	-78.29M	22.67M	159.88M	-59.33M

Tikehau Capital SCA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.10
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TKO, the sentiment is Negative. The current price of 16.1 is below the 20-day moving average (MA) of 16.34, above the 50-day MA of 15.70, and below the 200-day MA of 18.07, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.85 is Neutral, neither overbought nor oversold. The STOCH value of 27.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:TKO.

Tikehau Capital SCA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ANTIN	76 Outperform	€1.86B	15.03	25.43%	6.77%	9.60%	5.96%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MF	65 Neutral	€3.39B	-38.36	-2.85%	7.66%	9.86%	-118.70%
PEUG	64 Neutral	€1.81B	45.42	0.83%	4.29%	-48.21%	-64.53%
TKO	62 Neutral	€2.78B	15.31	5.94%	5.10%	12.44%	12.15%
RF	46 Neutral	€3.38B	-5.70	-8.86%	4.99%	11.76%	-735.88%