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.
Aubay Société Anonyme is a French digital services company (ESN) specializing in IT consulting and professional services. Founded in 1998 by Christian Aubert, it supports clients through their digital transformation, focusing on mission-critical applications across their full life cycle, from architecture design to maintenance and development. The company excels in high-value sectors such as banking, finance, insurance, telecommunications, and engineering, offering expertise in systems information architecture, secure network development, content management, software engineering, audits, and outsourced R&D projects. Operating as a pan-European pure player, Aubay maintains a presence in France, Belgium, Luxembourg, Spain, Portugal, and Italy, with its headquarters in Boulogne-Billancourt and approximately 2,000 to 4,999 employees. Notable for its sustainable growth strategy and innovation, Aubay achieved €534.1 million in revenue in 2023, emphasizing prudent expansion through strategic acquisitions that bolstered its capabilities in key markets. As a Société Anonyme, it plays a vital role in the technology services industry, delivering tailored solutions to major corporations and public entities.
Operating margin is thin at 8.80%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 11.3%, still solid. Free cash flow declined 20% despite revenue growth, conversion is weakening.
Free cash flow declined 20% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€602M
▲ +11.3% YoY
Net Income (TTM)
€38M
▲ +1.3% YoY
Op. Margin
8.80%
▼ -0.2pp YoY
ROIC
12.34%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€43M
▼ -19.8% YoY
Op. Cash Flow (TTM)
€45M
▼ -18.6% YoY
Net Debt
-€25M
Net Cash Position
Cash & Equiv.
€88M
3Y CAGR: +5.4%
3Y CAGR: +10.6%
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