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Lacroix Group SA (LACR) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Lacroix Group SA €51.45, price €17.15, upside +200.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · FR · ISIN FR0000066607

LG Lacroix Group SA logo Thin data Sep 23, 2026

Lacroix Group SA

LACR · PA

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value €51.45 · Strongly undervalued (+200%)
!Quality 48/100
!Mixed Growth (revenue 5y +5.7 %/yr)
!Loss-making · -8.9% net margin (TTM)
✓Moderate debt · generates free cash flow
!Mixed vs. peers (8/15)
!Narrow moat 29/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 4 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€42.77 €6.28 Fair Value €51.45 Aug 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range €6.28 – €42.77 · fair‑value band €40.19 – €63.15 · the €17.15 price screens below the €51.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

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. It operates through two segments, LACROIX Electronics and LACROIX Environment.

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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. It operates through two segments, LACROIX Electronics and LACROIX Environment. The company designs and manufactures industrial IoT solutions comprising hardware equipment, embedded software, and cloud services; and electronic equipment for the automotive, industrial, home and building automation, aerospace and defense, and healthcare sectors. It also offers equipment and solutions to optimize the control, operation, and performance of water networks, heating, ventilation and air conditioning systems, and smart grids and lighting. LACROIX Group SA was founded in 1936 and is headquartered in Saint-Herblain, France.

Stock analysis

Lacroix Group SA (LACR) currently trades at €17.15, while our model-based Fair Value estimate is €51.45, implying the stock looks roughly 66.7% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €102.97 per share, and 12 of the 15 models we run sit above the €17.15 price.

Bear case: the Asset-Based group reads lowest at €13.05, and 3 of the 15 models stay below the price. Evidence for this calculation is low.

Scenario range: €40.19 (bear) to €63.15 (bull), the price of €17.15 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 48/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Lacroix Group SA reported revenue of €445M in FY2025 versus €501M in FY2021, a compound −2.9%/yr. Reported net income was −€39.7M in FY2025.

Key figures

Market cap €80.5M · P/E ratio 5.0 · P/S ratio 0.18 · EPS (TTM) €3.45 · Dividend yield 0.2% · Net margin −8.9% · Return on equity 7.6% · Return on assets (EBIT) 3.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 17% below its 52-week high and 132% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −35% fair-value upside, at 200%, LACR screens cheaper than that median.

Fair Value models

Bear €40.19 Fair Value €51.45 Bull €63.15
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (€3.40 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF €54.15 €72.36 €93.59 82
Growth DCF €54.75 €71.09 €89.28 80
5Y EBITDA Exit €68.61 €107.69 €151.32 75
All 15 models by family
DCF Models
FCF DCF €54.15 €72.36 €93.59 82
5Y Revenue Exit €42.72 €61.48 €84.07 73
5Y EBITDA Exit €68.61 €107.69 €151.32 75
10Y Revenue Exit €46.54 €62.67 €81.90 68
10Y EBITDA Exit €61.28 €89.43 €123.90 69
Earnings-Based
EPV €20.00 €22.97 €25.38 74
Dividend Discount
Gordon GGM €0.2400 €0.3600 €0.4700 69
DDM Multi-Stage €0.2400 €0.3200 €0.4000 67
Multiples
EV/EBIT €76.03 €102.97 €129.91 66
EV/EBITDA €93.03 €125.63 €158.24 67
EV/Revenue €36.07 €53.58 €71.09 53
Asset-Based
NCAV (Graham) €9.74 €13.05 €19.47 54
Growth DCF
Growth DCF €54.75 €71.09 €89.28 80
Rev-Margin DCF €42.72 €62.55 €84.29 73
Economic Profit
ROIC Compounder €20.06 €23.80 €27.60 72

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Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 65

Profitability 20
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 80
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
3.4% (2020) → 4.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−8.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −10.1% a year for the price.

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Earlier news

News mood ⓘNews mood, the average tone of recent news (55 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

Compare Lacroix Group SA with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Scientific & Technical Instruments · 160 stocks

Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside +200% · Top 25%
Profitability
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) −9% · Bottom 25%
Operating margin (TTM) 4% · Below median
Growth and dividend
Revenue growth 0% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Balance sheet
Debt / equity 0.66× · Highest 25%

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 5.0× · Cheapest 25%
P/B 0.99× · Cheapest 25%
P/S (TTM) 0.20× · Cheapest 25%
P/FCF 2.9× · Cheaper than median
EV/EBITDA 3.3× · Cheapest 25%
PEG 0.73× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 26
PAST (return on equity)30 · sector 24
HEALTH (low debt)67 · sector 98
DIVIDEND (yield)4 · sector 19

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $347.32 $115.39 −67%
Garmin Ltd GRMN $284.67 $304.44 +7%
Teledyne Technologies Incorporated TDY $612.74 $674.01 +10%
Chroma ATE Inc 2360 2,295 TWD 618.78 TWD −73%
MKS Inc MKSI $260.37 $201.24 −23%
AVIC Chengdu Aircraft Company 302132 ¥59.95 ¥19.61 −67%
Fortive Corporation FTV $55.95 $34.86 −38%
Trimble Inc TRMB $59.30 $29.11 −51%
Cognex Corporation CGNX $58.97 $38.50 −35%
Wuhan Guide Infrared Co 002414 ¥12.23 ¥9.52 −22%

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Cite: Fair Value Calculator (2026). "Lacroix Group SA Fair Value". https://www.fairvalue-calculator.com/stock/LACR

Frequently asked questions

Is Lacroix Group SA (LACR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €51.45 versus a price of €17.15, about +200% upside (undervalued).
What is the fair value of LACR?
Our model-based fair value for Lacroix Group SA is €51.45 (as of Sep 23, 2026), built from audited fundamentals. The current price: €17.15.
What is the quality score of LACR?
Lacroix Group SA has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lacroix Group SA (LACR)?
Our model-based price target is the fair value of €51.45 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario €40.19, optimistic scenario €63.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Lacroix Group SA stock forecast for 2026?
Our models put fair value at €51.45, about +200% upside versus a price of €17.15 (undervalued). Cautious scenario €40.19, optimistic scenario €63.15. The calculation is refreshed regularly with new filings.
What is the revenue of Lacroix Group SA (LACR)?
Lacroix Group SA reported trailing-twelve-month revenue of about €445M (latest available figure, as of Sep 23, 2026).
Does Lacroix Group SA pay a dividend?
Lacroix Group SA currently shows a dividend yield of about 0.20% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Lacroix Group SA (LACR)?
For today's price to be fair in a discounted-cash-flow model, Lacroix Group SA would have to grow free cash flow by -8.2 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of LACR use?
Our models discount Lacroix Group SA at 13.7 %: a base by market capitalisation (micro), damped by beta 1.14, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lacroix Group SA that is -8.2 % per year a year over ten years, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Lacroix Group SA (LACR) delivered so far?
Over the past 5 years revenue at Lacroix Group SA grew -4.7 % a year. The price currently implies -8.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lacroix Group SA (LACR) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Lacroix Group SA (-8.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lacroix Group SA (LACR)?
The free-cash-flow yield on the price is 38.29 %: that much free cash flow Lacroix Group SA produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lacroix Group SA (LACR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lacroix Group SA it is €51.45 per share (as of Sep 23, 2026), against a price of €17.15. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Lacroix Group SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LACR trades below its calculated fair value: price €17.15, fair value €51.45, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LACR?
No. The price is what the market pays today (€17.15); the fair value is what the company's own numbers justify (€51.45). For Lacroix Group SA the two are €34.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lacroix Group SA worth?
The market values Lacroix Group SA at about €80.5M (market capitalisation, as of Sep 23, 2026). Per share that is €17.15; our models calculate a fair value of €51.45 per share.
What do the bullish and bearish scenarios say about LACR?
Our models span a range for Lacroix Group SA: cautious scenario €40.19, base €51.45, optimistic €63.15 per share (as of Sep 23, 2026, price €17.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LACR?
Lacroix Group SA trades at a price-to-earnings ratio of 5.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €51.45 is built from several models across several years. Other multiples: PEG 0.7, P/B 1.0, P/S 0.2, EV/EBITDA 3.3.
What is the PEG ratio of LACR?
The PEG ratio of Lacroix Group SA is 0.73 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Lacroix Group SA (LACR)?
Balance-sheet figures for Lacroix Group SA (as of Sep 23, 2026): return on equity 7.6%, debt of 0.66 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is LACR from its 52-week high?
Lacroix Group SA trades at €17.15, about 17% below its 52-week high of €20.70 and 132% above the low of €7.40 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €51.45 is for.
Which stocks are comparable to Lacroix Group SA?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, Chroma ATE Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lacroix Group SA stock attractive at the current price?
The data as of Sep 23, 2026: price €17.15, calculated fair value €51.45 (+200%), Quality Score 48/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LACR calculated?
We run Lacroix Group SA through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €51.45, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Lacroix Group SA currently trades 200 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lacroix Group SA (LACR)?
The closing price on Sep 24, 2026 was €17.15. Our model-based fair value is €51.45, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lacroix Group SA right now?
The price is below even our cautious bear case (€40.19). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Lacroix Group SA

How large is the market capitalisation of Lacroix Group SA (LACR)?
The market capitalisation of Lacroix Group SA is €80.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lacroix Group SA (LACR)?
The price-to-sales ratio of Lacroix Group SA is 0.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lacroix Group SA (LACR)?
Earnings per share at Lacroix Group SA are €3.45 (price ÷ EPS = P/E 5.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lacroix Group SA (LACR)?
The dividend yield of Lacroix Group SA is 0.2% (payout 1.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lacroix Group SA (LACR)?
The net margin of Lacroix Group SA is −8.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lacroix Group SA (LACR)?
The return on equity (ROE) of Lacroix Group SA is 7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lacroix Group SA (LACR)?
On an EBIT basis the return on assets of Lacroix Group SA is 3.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lacroix Group SA (LACR)?
The operating margin of Lacroix Group SA is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lacroix Group SA (LACR)?
Revenue at Lacroix Group SA is growing −0.1% versus a year earlier (3y avg −14.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lacroix Group SA (LACR)?
Earnings per share at Lacroix Group SA are growing +43.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lacroix Group SA (LACR) carry?
The net debt of Lacroix Group SA is €88.7M (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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