Added to YB: 2026-08-26
Pitch date: 2026-08-18
NRO.PA [neutral]
Neurones S.A.
-0.4%
current return
Author Info
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Company Info
Neurones S.A. provides infrastructure, application, and consulting services in France and internationally.
Market Cap
EUR 910.5M
Pitch Price
EUR 37.90
Price Target
58.00 (+54%)
Dividend
3.67%
EV/EBITDA
7.16
P/E
17.83
EV/Sales
0.80
Sector
IT Services
Category
growth
Monthly SpreadHunters Monitoring - Neurones S.A.
NRO.PA (earnings): H1'26 rev €454.8M, +6.9% organic, with Q2 accelerating to +8.0% (vs +5.6% Q1); operating margin expanded to 8.7% from 7.8%—operating leverage, not just growth. FY guidance raised to '>€900M' rev, ~9% margin confirmed. Reinforces 6-10% growth thesis supporting a re-rate to 16-20x P/E (base case +53% over 2yrs) off 8x FCF with €14/sh net cash. Next catalyst: full H1 report 9/09/2026 with updated net cash.
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