(AL2SI) 2CRSI S.A. - Overview
Sector: Technology | Industry: Computer Hardware | Exchange: PA (France) | Market Cap: 873m EUR | Total Return: 897.6% in 12m
Industry Rotation: -18.5
Avg Turnover: 7.83M
EPS Trend: 61.2%
Qual. Beats: 0
Rev. Trend: 1.8%
Warnings
P/E ratio 104.5
Share dilution 56.0% YoY
Tailwinds
Leader, Tailwind, Avwap Ph Week
2CRSI S.A. (AL2SI) is a French technology provider specializing in the design and manufacture of high-performance computing infrastructure. The company’s portfolio includes GPU-optimized AI servers, ruggedized workstations, and Open Compute Project (OCP) compliant rack solutions for international markets.
The business model focuses on custom hardware engineering, specifically addressing the thermal challenges of high-density computing through air, direct liquid, and immersion cooling technologies. As a player in the Technology Hardware sector, 2CRSI operates at the intersection of edge computing and artificial intelligence, where specialized hardware is increasingly required to process data-intensive workloads outside of traditional centralized data centers.
Investors can evaluate the companys long-term valuation metrics and growth drivers on ValueRay. 2CRSI remains headquartered in Strasbourg, serving a global client base across the cloud gaming, data science, and high-performance computing (HPC) industries.
- Global demand for high-performance GPU and AI servers drives revenue growth
- Expansion of liquid and immersion cooling solutions improves hardware efficiency margins
- Adoption of Open Compute Project standards influences market share in data centers
- European sovereign cloud initiatives increase demand for localized computing infrastructure
- Supply chain volatility for advanced semiconductors impacts manufacturing lead times and costs
| Net Income: 10.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -8.21 > 1.0 |
| NWC/Revenue: 5.31% < 20% (prev 14.25%; Δ -8.94% < -1%) |
| CFO/TA 0.01 > 3% & CFO 1.39m > Net Income 10.7m |
| Net Debt (2.27m) to EBITDA (203.8m): 0.01 < 3 |
| Current Ratio: 1.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (22.3m) vs 12m ago 56.03% < -2% |
| Gross Margin: 50.65% > 18% (prev 0.11%; Δ 5.05k% > 0.5%) |
| Asset Turnover: 468.8% > 50% (prev 179.1%; Δ 289.7% > 0%) |
| Interest Coverage Ratio: 3.24 > 6 (EBITDA TTM 203.8m / Interest Expense TTM 813k) |
| A: 0.21 (Total Current Assets 80.7m - Total Current Liabilities 58.1m) / Total Assets 108.4m |
| B: 0.08 (Retained Earnings 8.59m / Total Assets 108.4m) |
| C: 0.03 (EBIT TTM 2.63m / Avg Total Assets 90.8m) |
| D: 0.12 (Book Value of Equity 8.59m / Total Liabilities 69.8m) |
| Altman-Z'' Score: 1.95 = BBB |
| DSRI: 0.41 (Receivables 24.7m/18.6m, Revenue 425.6m/131.1m) |
| GMI: 0.21 (GM 50.65% / 10.57%) |
| AQI: 1.64 (AQ_t 0.16 / AQ_t-1 0.10) |
| SGI: 3.25 (Revenue 425.6m / 131.1m) |
| TATA: 0.09 (NI 10.7m - CFO 1.39m) / TA 108.4m) |
| Beneish M-Score: -2.15 (Cap -4..+1) = BB |
Over the past week, the price has changed by +10.87%, over one month by +5.02%, over three months by +79.61% and over the past year by +897.59%.
| Analysts Target Price | - | - |
P/E Trailing = 104.4865
P/S = 2.1552
P/B = 22.6655
Revenue TTM = 425.6m EUR
EBIT TTM = 2.63m EUR
EBITDA TTM = 203.8m EUR
Long Term Debt = 11.2m EUR (from longTermDebt, last quarter)
Short Term Debt = 7.22m EUR (from shortTermDebt, last fiscal year)
Debt = 12.9m EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 2.27m EUR (from netDebt column, last quarter)
Enterprise Value = 877.3m EUR (873.3m + Debt 12.9m - CCE 8.93m)
Interest Coverage Ratio = 3.24 (Ebit TTM 2.63m / Interest Expense TTM 813k)
EV/FCF = 1000.0x (Enterprise Value 877.3m / FCF TTM 36.5k)
FCF Yield = 0.00% (FCF TTM 36.5k / Enterprise Value 877.3m)
FCF Margin = 0.01% (FCF TTM 36.5k / Revenue TTM 425.6m)
Net Margin = 2.51% (Net Income TTM 10.7m / Revenue TTM 425.6m)
Gross Margin = 50.65% ((Revenue TTM 425.6m - Cost of Revenue TTM 210.1m) / Revenue TTM)
Gross Margin QoQ = none% (prev 0.49%)
Tobins Q-Ratio = 8.09 (Enterprise Value 877.3m / Total Assets 108.4m)
Interest Expense / Debt = 3.69% (Interest Expense 476k / Debt 12.9m)
Taxrate = 21.50% (583k / 2.71m)
NOPAT = 2.07m (EBIT 2.63m * (1 - 21.50%))
Current Ratio = 1.39 (Total Current Assets 80.7m / Total Current Liabilities 58.1m)
Debt / Equity = 0.33 (Debt 12.9m / totalStockholderEquity, last quarter 38.7m)
Debt / EBITDA = 0.01 (Net Debt 2.27m / EBITDA 203.8m)
Debt / FCF = 62.22 (Net Debt 2.27m / FCF TTM 36.5k)
Total Stockholder Equity = 31.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.78% (Net Income 10.7m / Total Assets 108.4m)
RoE = 34.23% (Net Income TTM 10.7m / Total Stockholder Equity 31.2m)
RoCE = 6.20% (EBIT 2.63m / Capital Employed (Equity 31.2m + L.T.Debt 11.2m))
RoIC = 4.62% (NOPAT 2.07m / Invested Capital 44.8m)
WACC = 9.80% (E(873.3m)/V(886.2m) * Re(9.90%) + D(12.9m)/V(886.2m) * Rd(3.69%) * (1-Tc(0.22)))
Discount Rate = 9.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 43.55 | Cagr: 21.74%
[DCF] Terminal Value 62.96% ; FCFF base≈2.44m ; Y1≈1.60m ; Y5≈731k
[DCF] Fair Price = 0.39 (EV 11.0m - Net Debt 2.27m = Equity 8.76m / Shares 22.6m; r=9.80% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 61.18 | EPS CAGR: 98.40% | SUE: 0.0 | # QB: 0
Revenue Correlation: 1.84 | Revenue CAGR: 57.56% | SUE: N/A | # QB: 0
EPS current Year (2026-06-30): EPS=1.20 | Chg30d=+0.00% | Revisions=-33% | GrowthEPS=+0.0% | GrowthRev=+100.1%
EPS next Year (2027-06-30): EPS=2.37 | Chg30d=+0.00% | Revisions=+14% | GrowthEPS=+97.7% | GrowthRev=+78.8%
[Analyst] Revisions Ratio: -33%