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.
Ateme SA is a France-based multinational company specializing in advanced video compression and delivery solutions for broadcasters, telecom operators, content providers, and streaming platforms. Founded in 1991 and headquartered in Vélizy-Villacoublay near Paris, it develops hardware and software products that enable high-quality video processing, including low-latency encoding and decoding through its TITAN and KYRION suites, OTT and CDN services via NEA, and cloud-native management with PILOT. These solutions support key standards like HEVC, AV1, and VVC, powering applications from Ultra High-Definition TV and live sports streaming to Over-The-Top distribution and dynamic ad insertion. Ateme SA serves over a thousand customers globally across Europe, North America, Latin America, Asia-Pacific, and the Middle East, with more than 90% of its €100 million annual revenue generated outside France. Employing around 580 people in 20 offices worldwide, the company emphasizes sustainability, cost optimization, immersive viewing experiences, and innovations like ATSC 3.0 deployments and Emmy Award-winning technologies, playing a pivotal role in the evolving video ecosystem.
Operating margin is thin at 4.08%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.2%, essentially flat. This is a business that needs a catalyst.
Net debt of €23M represents 5.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€96M
▲ +2.2% YoY
Net Income (TTM)
€952K
▲ +117.7% YoY
Op. Margin
4.08%
▲ +8.3pp YoY
ROIC
5.99%
▲ +10.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€4M
▲ +302.9% YoY
Op. Cash Flow (TTM)
€6M
▲ +121.8% YoY
Net Debt
€23M
Cash & Equiv.
€5M
3Y CAGR: +1.8%
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