Added to YB: 2026-08-07
Pitch date: 2026-08-04
EXE.PA [bullish]
EXEL Industries SA
-2.42%
current return
Author Info
Price to Tangible Bruce is a deep value investor. Buying what most investors don't like across global public markets. Sign up for the newsletter.
Company Info
EXEL Industries SA engages in the manufacture and sale of agricultural spraying equipment in France and internationally.
Market Cap
EUR 141.1M
Pitch Price
EUR 20.70
Price Target
52.00 (+150%)
Dividend
2.88%
EV/EBITDA
8.47
P/E
-35.64
EV/Sales
0.34
Sector
Machinery
Category
value
A 130m Claim on 362m - EXEL Industries SA
EXE.PA: French precision-spray machinery maker (crops/auto/gardens) at 20yr-low 0.36x TBV (€362M TBV vs €130M mcap), 1.14x NCAV. Cyclical ag/auto trough drove H1 €18.6M loss, stock -51%. Insider buying (CEO ~70k). Base 0.9x TBV=2.5x upside; bull cycle recovery=3.5x. Risk: prolonged downturn erodes inventory/book. Catalyst: 2027 cycle turn, Oct/Dec results.
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