Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
A.S. Création Tapeten AG is a leading wallpaper manufacturer based in Germany, recognized as one of the foremost producers in Western Europe. The company specializes in designing, manufacturing, and distributing wallpapers and borders crafted from a variety of materials, catering to both residential and commercial applications. Since its founding in 1974, A.S. Création Tapeten AG has developed a broad product portfolio, with more than 6,000 different articles across approximately 80 collections, releasing over 2,000 new designs annually. In addition to wallpapers, the company operates in the decorative fabrics segment through its subsidiary, Indes Fuggerhaus Textil GmbH. A.S. Création serves a diverse clientele across Europe and maintains a presence in global markets, backed by high-quality production sites in Germany and Russia. Its commitment to design innovation, extensive customer service, and continuous product development underpins its reputation in the interior design and home décor sector. The firm plays a significant role in shaping trends and standards within the wallcoverings industry while upholding principles of transparent corporate governance and sustainable value creation for shareholders.
The business is unprofitable at the operating level (-6.06% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.2% YoY. Margins deteriorated 3.8pp alongside, both lines moving the wrong way.
Free cash flow declined 420% versus the prior year, cash generation momentum has weakened. ROIC dropped from -2.52% to -6.57%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (FY)
€111M
▼ -8.2% YoY
Net Income (FY)
-€6M
▼ -325.0% YoY
Op. Margin
-6.06%
▼ -3.8pp YoY
ROIC
-6.57%
▼ -4.0pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-€1M
▼ -419.9% YoY
Op. Cash Flow (FY)
€344K
▼ -90.5% YoY
Net Debt
-€4M
Net Cash Position
Cash & Equiv.
€16M
3Y CAGR: -8.6%
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