Added to YB: 2026-05-18
Pitch date: 2026-05-15
LACR.PA [neutral]
LACROIX Group SA
Author Info
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Company Info
LACROIX Group SA engages in the design and manufacture of electronic equipment and industrial IoT solutions in France, Germany, the United States, Poland, and Tunisia.
Market Cap
EUR 73.7M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.48
P/E
4.51
EV/Sales
0.37
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
The Arithmetic of the Absurd: When Structure Creates a 90% Valuation Discount. - LACROIX Group SA
LACR.PA (deep dive): French family conglomerate w/ 2 divisions: SOFREL (Environment) - IoT telemetry for water/energy infrastructure, 50K+ installed RTUs, 23% EBITDA margin, 78% ROIC, 14% CAGR; Electronics - 9th largest EMS in Europe, defense certified. Firstronic US acquisition 2021-25 destroyed €80-120M. Entire group EV €160M vs Environment alone worth €430M at 13x peer median. Trading 4.7x EV/EBITDA vs peer median 11x. Analyst advocates separation to unlock 270-330M conglomerate discount.
Read full article (37 min)