Added to YB: 2025-12-13
Pitch date: 2025-12-11
FGA.PA [bullish]
Figeac Aero Société Anonyme
-1.4%
current return
Author Info
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Company Info
Figeac Aero Société Anonyme manufactures, supplies, and sells equipment and sub-assemblers for aeronautics sector in France.
Market Cap
EUR 518.2M
Pitch Price
EUR 10.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.91
P/E
N/A
EV/Sales
1.78
Sector
Aerospace and Defense
Category
value
Figeac Aéro (FGA France): operational leverage returning as Airbus ramps up
FGA.PA (update): H1 revenue €215M, EBITDA +19% to 14%+ margin on A320/A350 volume gains despite inflation/FX headwinds. 23% incremental margin shows cost control. FCF weak at €7M due to deliberate stock-building for H2 delivery ramp. Mgmt confident on upper EBITDA guidance ~€83M. Benefits from Airbus Spirit reshuffling, positioned for meaningful work share. Trading at peer discount despite improving fundamentals.
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