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ALAN ALLMAN ASSOCIATES (AAA.PA) Stock Fundamental Analysis

EPA:AAA - Euronext Paris - Matif - FR0000062465 - Common Stock - Currency: EUR

3.93  -0.07 (-1.75%)

Fundamental Rating

2

Taking everything into account, AAA scores 2 out of 10 in our fundamental rating. AAA was compared to 30 industry peers in the Professional Services industry. Both the profitability and financial health of AAA have multiple concerns. AAA has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

AAA had negative earnings in the past year.
In the past year AAA had a positive cash flow from operations.
Of the past 5 years AAA 4 years were profitable.
AAA had a positive operating cash flow in each of the past 5 years.
AAA.PA Yearly Net Income VS EBIT VS OCF VS FCFAAA.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M

1.2 Ratios

AAA's Return On Assets of -3.53% is on the low side compared to the rest of the industry. AAA is outperformed by 84.38% of its industry peers.
The Return On Equity of AAA (-22.95%) is worse than 84.38% of its industry peers.
The Return On Invested Capital of AAA (0.27%) is worse than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AAA is significantly below the industry average of 10.91%.
Industry RankSector Rank
ROA -3.53%
ROE -22.95%
ROIC 0.27%
ROA(3y)0.31%
ROA(5y)1.09%
ROE(3y)1.79%
ROE(5y)7.06%
ROIC(3y)3.06%
ROIC(5y)3.77%
AAA.PA Yearly ROA, ROE, ROICAAA.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 400

1.3 Margins

Looking at the Operating Margin, with a value of 0.31%, AAA is doing worse than 75.00% of the companies in the same industry.
AAA's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 56.09%, AAA perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
In the last couple of years the Gross Margin of AAA has remained more or less at the same level.
Industry RankSector Rank
OM 0.31%
PM (TTM) N/A
GM 56.09%
OM growth 3Y-63.01%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.16%
GM growth 5YN/A
AAA.PA Yearly Profit, Operating, Gross MarginsAAA.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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0

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AAA is destroying value.
AAA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AAA has more shares outstanding
AAA has a worse debt/assets ratio than last year.
AAA.PA Yearly Shares OutstandingAAA.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
AAA.PA Yearly Total Debt VS Total AssetsAAA.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

AAA has an Altman-Z score of 1.47. This is a bad value and indicates that AAA is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.47, AAA is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
The Debt to FCF ratio of AAA is 10.42, which is on the high side as it means it would take AAA, 10.42 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 10.42, AAA is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
AAA has a Debt/Equity ratio of 3.47. This is a high value indicating a heavy dependency on external financing.
AAA has a Debt to Equity ratio of 3.47. This is amonst the worse of the industry: AAA underperforms 81.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.47
Debt/FCF 10.42
Altman-Z 1.47
ROIC/WACC0.05
WACC5.27%
AAA.PA Yearly LT Debt VS Equity VS FCFAAA.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

2.3 Liquidity

AAA has a Current Ratio of 0.67. This is a bad value and indicates that AAA is not financially healthy enough and could expect problems in meeting its short term obligations.
AAA's Current ratio of 0.67 is on the low side compared to the rest of the industry. AAA is outperformed by 81.25% of its industry peers.
A Quick Ratio of 0.66 indicates that AAA may have some problems paying its short term obligations.
With a Quick ratio value of 0.66, AAA is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.66
AAA.PA Yearly Current Assets VS Current LiabilitesAAA.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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4

3. Growth

3.1 Past

AAA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -310.17%.
The Revenue has been growing slightly by 2.39% in the past year.
The Revenue has been growing by 25.74% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-310.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1752.2%
Revenue 1Y (TTM)2.39%
Revenue growth 3Y25.74%
Revenue growth 5YN/A
Sales Q2Q%-0.89%

3.2 Future

Based on estimates for the next years, AAA will show a very strong growth in Earnings Per Share. The EPS will grow by 45.41% on average per year.
AAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.81% yearly.
EPS Next Y57.14%
EPS Next 2Y45.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-5.56%
Revenue Next 2Y-0.8%
Revenue Next 3Y1.81%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AAA.PA Yearly Revenue VS EstimatesAAA.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
AAA.PA Yearly EPS VS EstimatesAAA.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

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4. Valuation

4.1 Price/Earnings Ratio

AAA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 14.15, the valuation of AAA can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AAA is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of AAA to the average of the S&P500 Index (34.09), we can say AAA is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 14.15
AAA.PA Price Earnings VS Forward Price EarningsAAA.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

AAA's Enterprise Value to EBITDA ratio is in line with the industry average.
75.00% of the companies in the same industry are more expensive than AAA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.98
EV/EBITDA 9.65
AAA.PA Per share dataAAA.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6 8

4.3 Compensation for Growth

AAA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AAA's earnings are expected to grow with 45.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.41%
EPS Next 3YN/A

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1

5. Dividend

5.1 Amount

AAA has a Yearly Dividend Yield of 1.13%.
Compared to an average industry Dividend Yield of 3.14, AAA is paying slightly less dividend.
With a Dividend Yield of 1.13, AAA pays less dividend than the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.13%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
AAA.PA Yearly Dividends per shareAAA.PA Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 0.02 0.04 0.06 0.08

5.3 Sustainability

The earnings of AAA are negative and hence is the payout ratio. AAA will probably not be able to sustain this dividend level.
DP-16.73%
EPS Next 2Y45.41%
EPS Next 3YN/A
AAA.PA Yearly Income VS Free CF VS DividendAAA.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M

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ALAN ALLMAN ASSOCIATES

EPA:AAA (8/8/2025, 7:00:00 PM)

3.93

-0.07 (-1.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)N/A N/A
Earnings (Next)08-27 2025-08-27
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners87.86%
Ins Owner ChangeN/A
Market Cap180.15M
Analysts50
Price Target4.79 (21.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.13%
Yearly Dividend0.05
Dividend Growth(5Y)N/A
DP-16.73%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-10.48%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.94%
Revenue NY rev (3m)-9.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 14.15
P/S 0.48
P/FCF 9.98
P/OCF 8.11
P/B 3.39
P/tB N/A
EV/EBITDA 9.65
EPS(TTM)-0.27
EYN/A
EPS(NY)0.28
Fwd EY7.07%
FCF(TTM)0.39
FCFY10.02%
OCF(TTM)0.48
OCFY12.33%
SpS8.17
BVpS1.16
TBVpS-3.87
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.53%
ROE -22.95%
ROCE 0.56%
ROIC 0.27%
ROICexc 0.28%
ROICexgc 3.49%
OM 0.31%
PM (TTM) N/A
GM 56.09%
FCFM 4.82%
ROA(3y)0.31%
ROA(5y)1.09%
ROE(3y)1.79%
ROE(5y)7.06%
ROIC(3y)3.06%
ROIC(5y)3.77%
ROICexc(3y)3.35%
ROICexc(5y)3.96%
ROICexgc(3y)36.15%
ROICexgc(5y)29.97%
ROCE(3y)6%
ROCE(5y)7.28%
ROICexcg growth 3Y-44.26%
ROICexcg growth 5Y-8.26%
ROICexc growth 3Y-60.72%
ROICexc growth 5Y-44.71%
OM growth 3Y-63.01%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.16%
GM growth 5YN/A
F-Score5
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 3.47
Debt/FCF 10.42
Debt/EBITDA 5.86
Cap/Depr 13.68%
Cap/Sales 1.11%
Interest Coverage 0.14
Cash Conversion 70.42%
Profit Quality N/A
Current Ratio 0.67
Quick Ratio 0.66
Altman-Z 1.47
F-Score5
WACC5.27%
ROIC/WACC0.05
Cap/Depr(3y)34.59%
Cap/Depr(5y)51.52%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-310.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1752.2%
EPS Next Y57.14%
EPS Next 2Y45.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.39%
Revenue growth 3Y25.74%
Revenue growth 5YN/A
Sales Q2Q%-0.89%
Revenue Next Year-5.56%
Revenue Next 2Y-0.8%
Revenue Next 3Y1.81%
Revenue Next 5YN/A
EBIT growth 1Y-94.41%
EBIT growth 3Y-53.49%
EBIT growth 5Y42.54%
EBIT Next Year67.45%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-28.48%
FCF growth 3Y4.2%
FCF growth 5YN/A
OCF growth 1Y-25.86%
OCF growth 3Y5.84%
OCF growth 5YN/A