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.
Mare Nostrum SA is a human resources management company specializing in customizable staffing and employment services. It provides a comprehensive range of solutions including temporary work, recruitment, training, wage portage, and occupational mobility services tailored to professionals across various fields. The company maintains a portfolio of specialized brands focused on training and temporary staffing for diverse sectors, alongside recruitment consulting and dedicated HR support. Mare Nostrum SA operates in multiple European countries, including France, Portugal, Poland, and Romania, serving businesses seeking flexible workforce solutions. Its services facilitate efficient human capital deployment, addressing needs from short-term placements to long-term talent acquisition and development. Founded in 2004 and headquartered in Grenoble, France, Mare Nostrum SA plays a vital role in the commercial services sector by enabling companies to adapt to dynamic labor market demands through innovative HR management practices.
The business is unprofitable at the operating level (-4.53% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 10.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 22% versus the prior year, cash generation momentum has weakened. ROIC dropped from -19.47% to -35.53%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€109M
▼ -10.0% YoY
Net Income (TTM)
€14M
▲ +234.2% YoY
Op. Margin
-4.53%
▼ -0.2pp YoY
ROIC
-35.53%
▼ -16.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€5M
▼ -22.2% YoY
Op. Cash Flow (TTM)
€6M
▼ -10.2% YoY
Net Debt
-€2M
Net Cash Position
Cash & Equiv.
€8M
3Y CAGR: -14.3%
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