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.
Bassac SA is a prominent French real estate development company founded in 1972 and headquartered in Boulogne-Billancourt, near Paris. It specializes in the promotion and construction of new medium-priced residential properties, including condominiums and individual houses, primarily targeting large population centers across Europe. The company operates under key brands such as Les Nouveaux Constructeurs, Premier, and Concept Bau, focusing 94.4% of its activities on real estate assets like new homes and commercial properties including offices and tertiary facilities. Additionally, Bassac SA manufactures and sells prefabricated garages through its Zapf division, accounting for 5.6% of operations. With a workforce of approximately 1,092 to 1,177 employees, it maintains a significant presence in France, Germany, Spain, Poland, and other markets. Sales are diversified, with strong contributions from French operations like Les Nouveaux Constructeurs at over 1 billion euros in recent years, alongside international segments in Germany and Spain. Led by CEO and Chairman Moïse Mitterrand, who holds a majority 80.63% stake, Bassac SA plays a vital role in the European real estate sector by delivering accessible housing and commercial spaces.
11.76% operating margin is respectable but not wide. ROIC at 8.88%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.2%, steady but not accelerating. Free cash flow declined 79% despite revenue growth, conversion is weakening.
Free cash flow declined 79% versus the prior year, cash generation momentum has weakened. ROIC dropped from 13.88% to 8.88%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€1.30B
▲ +7.2% YoY
Net Income (TTM)
€104M
▼ -35.2% YoY
Op. Margin
11.76%
▼ -1.7pp YoY
ROIC
8.88%
▼ -5.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€39M
▼ -79.1% YoY
Op. Cash Flow (TTM)
€39M
▼ -82.5% YoY
Net Debt
€169M
Cash & Equiv.
€464M
3Y CAGR: +11.1%
3Y CAGR: -40.8%
Continue Research