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.
Latécoère S.A. is a French aerospace company specializing in the design, manufacture, assembly, and installation of aerostructures and interconnection systems. Founded in 1917 by aeronautical pioneer Pierre-Georges Latécoère, it pioneered intercontinental air routes and aircraft production in Toulouse, evolving from early airlines like Aéropostale to a Tier-1 supplier for global manufacturers including Airbus, Boeing, Dassault Aviation, and Lockheed Martin. The company operates through key segments: Aerostructures, producing doors, fuselage sections, wings, empennage, struts, and rods; Interconnection Systems, offering wiring harnesses, avionics racks, test benches, cameras, screens, and electronics; and additional areas like services, special products, and space components for satellites and launchers. Serving commercial, regional, business aviation, defense, freighters, helicopters, and space sectors, Latécoère contributes to iconic platforms such as the A320neo, 787 Dreamliner, F-35, and Eurostar Neo. With over 5,000 employees across 13 countries in EMEA-Asia and Americas regions, it upholds ISO 9001 and EN 9100 certifications, emphasizing quality, innovation, and sustainability in the aerospace supply chain.
Operating margin is thin at 0.48%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.2%, steady but not accelerating.
Net debt of €158M represents 83.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€757M
▲ +7.2% YoY
Net Income (TTM)
-€32M
▲ +46.9% YoY
Op. Margin
0.48%
▲ +0.8pp YoY
ROIC
0.94%
▲ +1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2M
▲ +104.8% YoY
Op. Cash Flow (TTM)
€19M
▲ +175.5% YoY
Net Debt
€158M
Cash & Equiv.
€57M
3Y CAGR: +17.5%
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