Added to YB: 2025-09-12
Pitch date: 2025-09-11
ALWEC.PA [bullish]
We.Connect SA
+17.1%
current return
Author Info
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Company Info
We.Connect SA designs, manufactures, assembles, and distributes hardware and computers, and peripheral and electronic equipment in France.
Market Cap
EUR 55.8M
Pitch Price
EUR 19.30
Price Target
45.00 (+99%)
Dividend
2.11%
EV/EBITDA
3.37
P/E
6.83
EV/Sales
0.14
Sector
Electronic Equipment, Instruments and Components
Category
value
A High-ROIC French distributor hiding in plain sight - We.Connect SA
ALWEC.PA: French IT distributor w/ 13.7% revenue CAGR since 2016, 15%+ ROE, founder-owned (73%). Just acquired Exertis France for €1 w/ Xbox/Meta/Starlink exclusives. Trading 4.8x EV/EBIT vs peers at 7.5-15x. Bear case: PC cyclicality, French economy exposure, succession risk.
Read full article (8 min)