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.
Tractial S.A. is a French company specializing in payment solution services and telecommunication. Founded in 1986 and formerly known as BD Multimedia, it delivers a diversified portfolio of digital payment products including StarPass, a micropayment system widely used in online gaming, Toneo First, a prepaid payment card, PayDuo, a mobile payment app, and Payment.net, an online payment processing platform. The company also publishes community websites, especially internet meeting sites, reflecting its broader digital services scope. As a registered Payment Service Provider and Payment Institution, Tractial offers secure bankcard payment solutions tailored for e-commerce and financial transaction management. With a history of adapting to evolving fintech trends, such as launching a secure prepaid card and registering as a Crypto-Asset Service Provider in 2023, Tractial plays an important role in France’s digital payment and online financial services market. Headquartered in Paris, it operates with a focus on client-specific financial flow management and scalable payment infrastructures to support business growth.
The business is unprofitable at the operating level (-52.79% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 23.0% YoY with margins expanding 11.4pp.
ROIC dropped from -33.49% to -38.89%, capital efficiency is deteriorating. Negative free cash flow of -€1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€3M
▲ +23.0% YoY
Net Income (TTM)
-€126K
▲ +90.4% YoY
Op. Margin
-52.79%
▲ +11.4pp YoY
ROIC
-38.89%
▼ -5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€1M
▲ +27.2% YoY
Op. Cash Flow (TTM)
-€873K
▲ +31.1% YoY
Net Debt
€504K
Cash & Equiv.
€681K
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