Added to YB: 2026-05-12
Pitch date: 2026-05-08
ALGIR.PA [neutral]
Signaux Girod S.A.
Author Info
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Company Info
Signaux Girod S.A. designs, manufactures, and installs road and city planning products in France. The company offers police signaging, directional signage, construction site signage, signage, and street furniture.
Market Cap
EUR 15.8M
Pitch Price
N/A
Price Target
21.42
Dividend
9.38%
EV/EBITDA
1.99
P/E
21.62
EV/Sales
0.17
Sector
Transportation Infrastructure
Category
value
Signaux Girod (ALGIR) – A French Net-Net on the Roadside
ALGIR.PA (overview): French road signage co at 0.35x TB, 0.78x NCAV. €101.7M rev (flat 10yr), EBIT margin 1.3% vs -0.3% 10yr median. Opex cut to 10yr low 24% of sales. Net cash €0.7M; owns real estate worth €12.5M (€2M+ hidden surplus). 9.4% div yield. Just acquired Michat Electronique for €2.1M (€1.6M rev, 25% EBIT margin). 71% family-owned limits float. Risks: soft French municipal demand, tender pricing pressure, weak ROCE ~3%.
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