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.
Lucibel SA is a French company specializing in the design, manufacture, and marketing of innovative lighting products and solutions based on LED technology. Founded in 2008 or 2009 by Frédéric Granotier, who serves as Chairman and CEO, the company is headquartered in Le Houlme, near Barentin in Normandy, France, with a manufacturing plant there ensuring high-quality production. Lucibel SA offers advanced solutions including LiFi for secure light-based internet access, VLC for precise geolocation and interactions via light modulation detectable by mobile devices, Cronos for well-being through circadian rhythm synchronization mimicking natural sunlight, and LuciConnect for integrated energy management of lighting, heating, ventilation, and more in partnership with Schneider Electric. These products serve diverse sectors such as offices and education, health facilities, retail shops and large stores, industry and logistics, as well as museums and luxury boutiques, both in France and internationally through subsidiaries in Africa, the Middle East, Switzerland, and Iberia. With around 38 employees, Lucibel SA focuses on sustainable, smart lighting that optimizes energy use, enhances security, and supports data transmission and user well-being in the digital era.
The business is unprofitable at the operating level (-41.75% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 29.9% YoY. Margins deteriorated 39.7pp alongside, both lines moving the wrong way.
ROIC dropped from -3.57% to -60.02%, capital efficiency is deteriorating. Negative free cash flow of -€1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€6M
▼ -29.9% YoY
Net Income (TTM)
-€3M
▼ -4419.2% YoY
Op. Margin
-41.75%
▼ -39.7pp YoY
ROIC
-60.02%
▼ -56.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€1M
▼ -109.6% YoY
Op. Cash Flow (TTM)
-€1M
▼ -122.8% YoY
Net Debt
€3M
Cash & Equiv.
€614K
3Y CAGR: -11.5%
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