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.
Akwel SA is a France-based company specializing in the design, manufacturing, and marketing of automotive equipment and systems for cars, trucks, and heavy goods vehicles. Founded in 1972 as Coutier SARL and rebranded from MGI Coutier SA in 2018, it focuses on two primary areas: fluid management and mechanisms. Fluid management products include pipes, valves, sensors for cooling, fuel, oil, and air systems; washer systems with tanks, jets, and electronic controls; and solutions for emission control and battery ventilation. Mechanisms encompass door opening and hinging systems like hinges, locks, foot switches, and closure products. The company also produces structural parts for electric vehicles and maintains an aftermarket division. With approximately 8,700 employees across 34 production sites in 20 countries on five continents, Akwel SA generates the majority of its sales from Europe, Middle East, and Africa (65.4%), followed by the Americas (31.6%) and Asia (3%). As a family-controlled Tier 1 supplier, it serves a dozen global strategic customers, leveraging expertise in plastics, rubber, metal, and mechatronics to support innovations in electrification, decontamination, and autonomous driving.
Operating margin is thin at 4.72%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 5.1% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 66% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€938M
▼ -5.1% YoY
Net Income (TTM)
€16M
▼ -33.1% YoY
Op. Margin
4.72%
▲ +0.8pp YoY
ROIC
3.58%
Cash Flow & Balance Sheet
FCF (TTM)
€17M
▼ -66.4% YoY
Op. Cash Flow (TTM)
€54M
▼ -1.1% YoY
Net Debt
-€133M
Net Cash Position
Cash & Equiv.
€146M
3Y CAGR: -1.8%
3Y CAGR: +25.1%
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