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.
Courtois S.A. is a publicly listed family-owned company specializing in real estate renovation, development, and leasing, primarily in France. Its core business focuses on leasing business real estate properties situated in the Midi-Pyrenees and Paris regions, which constitutes the majority of its operations. The company also engages in real estate development projects and renovation activities through its subsidiary Foncière Immobilière Courtois, targeting properties mainly in the Paris area. Courtois S.A. manages a portfolio that emphasizes the promotion and management of real estate assets, including the purchase and refurbishment of older buildings, such as repairing common areas and installing elevators. Operating exclusively within France, it serves business clients through its leasing services and contributes to urban renewal via development and renovation initiatives. Headquartered in Toulouse, Courtois S.A. maintains a lean structure with leadership from the Courtois de Viçose family, underscoring its role in the French real estate sector.
The business is unprofitable at the operating level (-58.64% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 171.2% YoY with margins expanding 6.4pp.
ROIC dropped from -2.11% to -5.08%, capital efficiency is deteriorating. Negative free cash flow of -€4M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€3M
▲ +171.2% YoY
Net Income (TTM)
-€337K
▲ +13.6% YoY
Op. Margin
-58.64%
▲ +6.4pp YoY
ROIC
-5.08%
▼ -3.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€4M
▼ -285.3% YoY
Op. Cash Flow (TTM)
-€198K
▲ +48.3% YoY
Net Debt
€1M
Cash & Equiv.
€4M
3Y CAGR: -34.4%
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