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.
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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.
Texaf S.A. is a Belgian investment holding company, established in 1925 as Société Textile Africaine in the then-Belgian Congo, now focusing its diversified operations exclusively in the Democratic Republic of Congo. Listed on Euronext with headquarters in Brussels, it manages a portfolio across three primary sectors: real estate, industry, and digital, providing technical, administrative, and financial assistance to its subsidiaries. In real estate, Texaf S.A. owns and leases residential and commercial properties through entities like UTEXAFRICA and Anagest, alongside full ownership of Cotex and ESTAGRICO. The industry segment features quarrying via wholly-owned Carrigrès for construction materials and a 35% stake in Congotex, rooted in its historical textile legacy that once dominated regional cotton production. The digital sector supports modern ventures, reflecting adaptation from its origins in textiles, energy, agriculture, and logistics. As the sole exchange-listed entity operating entirely in Congo, Texaf S.A. leverages longstanding local expertise to invest in real estate development, industrial materials, and emerging digital opportunities, contributing to economic activities in key Congolese regions. Recent financials indicate steady revenue growth, with 2024 revenues at €32.3 million and recurring EBITDA at €16.2 million.
€40.00
€0.20 (-0.50%)
EOD Jun 23, 2026 · Twelve Data
32.41% operating margin is above average. ROIC at 6.55%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 8.4%, steady but not accelerating. Free cash flow declined 54% despite revenue growth, conversion is weakening.
Free cash flow declined 54% versus the prior year, cash generation momentum has weakened. Net debt of €27M represents 11.8x FCF, leverage limits flexibility.
16.3x earnings, 64.1x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€35M
▲ +8.4% YoY
Net Income (TTM)
€9M
▲ +19.9% YoY
Op. Margin
32.41%
▲ +1.1pp YoY
ROIC
6.55%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2M
▼ -53.9% YoY
Op. Cash Flow (TTM)
€8M
▼ -10.8% YoY
Net Debt
€27M
Cash & Equiv.
€5M
3Y CAGR: +8.5%
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At a P/E of 16.3 and a price-to-free-cash-flow of 64.1, Texaf (TEXF.XBRU) trades above a two-stage DCF intrinsic value of about €19.89 per share, so at €40.00 the stock looks overvalued (50.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Texaf scores 47/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €19.89 per share for TEXF.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €14.92. At today's €40.00, that puts the stock about 50.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Texaf scores 47 out of 100 on Intrinsiqq's quality score, passing 2 of 8 checks, which makes it a mixed business on these measures. Recent fundamentals include a 32.4% operating margin and a 6.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Texaf pays a regular dividend of about €1.76 per share per year (typically in quarterly installments), a yield of roughly 4.4% at the current price. That is a payout ratio of about 71.8% of earnings, so the dividend is covered, with less cushion. Texaf has grown the dividend at roughly 26.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TEXF.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. TEXF.XBRU currently trades above its estimated intrinsic value and scores 47/100 on quality (mixed). It also yields about 4.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.