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LACROIX Group (LACR) Fair Value & Analysis

Technology · FR · Market cap €79.6M

LG LACROIX Group LACR · PA
Price€18.00
Fair Value€50.85
Upside+182.5%
Quality48/100
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Mixed Growth
Loss-making · -8.9% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 29/100
Evidence: High Range €35.18 – €66.57 Share as image

Fair value as of: Jul 12, 2026

From 15 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from €61.04 to €50.85 (−16.7%) since Jun 25, 2026. Share price +6.2% over the past month.

Below-average quality, screening 183% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€35.18). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€35.18 to €66.57) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€46.61 €6.28 Fair Value €50.85 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €6.28 – €46.61 · fair‑value band €35.18 – €66.57 · the €18.00 price screens below the €50.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

LACROIX Group (LACR) currently trades at €18.00, while our model-based Fair Value estimate is €50.85, implying the stock looks roughly 182.5% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, LACROIX Group generated revenue of €445M at a net margin of -8.9%. Revenue declined 0.1% year over year. It earns a return on equity of 7.6%. Net debt stands at €88.7M. Fundamentals as of Jul 12, 2026

Our scenario range runs from €35.18 (bear case) to €66.57 (bull case); at €18.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 149% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 183%, LACR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF €47.58 €61.96 €77.96 80
Rev-Margin DCF €39.53 €58.90 €80.08 74
ROIC Compounder €20.06 €23.80 €27.60 72
All 15 models by family
DCF Models
FCF DCF €47.05 €63.08 €81.76 38
5Y Revenue Exit €39.53 €58.01 €80.38 39
5Y EBITDA Exit €52.40 €80.99 €112.77 41
10Y Revenue Exit €41.61 €57.16 €75.85 36
10Y EBITDA Exit €49.37 €70.46 €96.07 37
Earnings-Based
EPV €20.00 €22.97 €25.38 59
Dividend Discount
Gordon GGM €0.2400 €0.3600 €0.4700 70
DDM Multi-Stage €0.2400 €0.3200 €0.4000 61
Multiples
EV/EBIT €55.83 €76.03 €96.24 53
EV/EBITDA €65.86 €89.41 €112.95 54
EV/Revenue €36.07 €53.58 €71.09 43
Asset-Based
NCAV (Graham) €9.74 €13.05 €19.47 50
Growth DCF
Growth DCF €47.58 €61.96 €77.96 80
Rev-Margin DCF €39.53 €58.90 €80.08 74
Economic Profit
ROIC Compounder €20.06 €23.80 €27.60 72

Widest divergence: Multiples (€76.03) versus Dividend Discount (€0.3200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €445M
Revenue growth (YoY) -0.1%
Net margin -8.9%
Return on equity 7.6%
Free cash flow €30.8M FY2025
P/E ratio 5.0
More key figures
Operating margin 3.6%
EPS (TTM) €3.45
EPS growth (YoY) +43.4%
Net debt €88.7M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 72

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 91
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€445M
Avg. growth/yr (3Y) 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.
+8.2%
Avg. growth/yr (5Y) 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.
+5.7%
Avg. growth/yr (20Y) 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.
+7.0%
Revenue −2.9%/yr
FY21 €501M
FY22 €708M
FY23 €761M
FY24 €636M
FY25 €445M
Net income
FY21 €21.6M
FY22 €11.9M
FY23 €4.3M
FY24 −€33.8M
FY25 −€39.7M

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

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Scientific & Technical Instruments · 161 stocks

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.

Quality Score 48 · Below median
Fair Value upside +183% · Top 25%
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
Revenue growth -0% · Below median
Debt / equity 0.66× · Higher than 75% of peers

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 4.9× · Cheaper than 75% of peers
P/B 1.01× · Cheaper than 75% of peers
P/S (TTM) 0.21× · Cheaper than 75% of peers
P/FCF 3.0× · Cheaper than median
EV/EBITDA 3.3× · Cheaper than 75% of peers
PEG 0.73× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 0 · sector 34
PAST 30 · sector 25
HEALTH 67 · sector 98
DIVIDEND 0 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

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Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
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Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is LACROIX Group (LACR) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €50.85 versus a price of €18.00, about +183% (undervalued).
What is the fair value of LACR?
Our model-based fair value for LACROIX Group is €50.85 (as of Jul 12, 2026), built from audited fundamentals. The current price is €18.00.
What is the quality score of LACR?
LACROIX Group 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 revenue of LACROIX Group (LACR)?
LACROIX Group reported trailing-twelve-month revenue of about €445M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of LACR?
The net profit margin of LACROIX Group is about -8.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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