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2CRSI SA (AL2SI) AI Stock Analysis

FR:AL2SI

2CRSI SA

(Paris:AL2SI)

Select Model
Rating:52Neutral
Price Target:EUR 24.50â–²(11.77% Upside)
Action:reiterated
Date:07/17/26

The overall score reflects a balance between a promising but still early-stage financial turnaround and clearly weak technical momentum, with an expensive valuation adding further caution. The most positive factor is the company’s improving financial profile: profitability has returned, margins and ROE have strengthened, and leverage has been reduced, signaling meaningful progress after a period of losses and high debt. However, the share price is in a pronounced downtrend, trading well below key moving averages with negative momentum indicators, which points to ongoing selling pressure and elevated volatility risk. On top of this, the high P/E ratio and lack of dividend support suggest that investors are paying a premium for a recovery that is not yet fully stable, keeping the overall attractiveness in the lower-middle part of the scoring range.

Positive Factors
Revenue GrowthA ~950% reported revenue surge indicates the company is capturing demand and scaling sales capacity. Durable top-line growth supports longer-term investment in R&D, manufacturing scale and commercial capabilities, improving prospects for sustained customer traction beyond a single quarter.
Negative Factors
Very low marginsExtremely thin gross and net margins limit the firm’s ability to reinvest in product development, cover fixed costs, or withstand input-cost shocks. Low unit economics mean growth must be very high to generate durable profitability, raising long-term sustainability concerns if margins cannot improve.

2CRSI SA (AL2SI) vs. iShares MSCI France ETF (EWQ)

-100%0%100%200%300%400%500%FR:AL2SI+98.19%EWQ-1.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 494.51M
Dividend Yield
―
Average Volume (3M)
232.70K
Price to Earnings (P/E)
39.8
Beta (1Y)
2.42
Revenue Growth
―
EPS Growth
―
Country
France
Employees
112
Sector
Technology
Sector Strength
61
Industry
Computer Hardware

2CRSI SA Business Overview & Revenue Model

Company Description

Headquartered in Strasbourg, France, and established in 2005, 2CRSI S.A. operates as a global entity specializing in the creation, production, and distribution of advanced computing solutions. Their product line features a variety of hardware, includ...

How the Company Makes Money

2CRSI primarily makes money by selling server hardware systems and integrated IT infrastructure solutions. Its core revenue stream is the commercialisation of high-performance and energy-efficient servers (often configured to customer requirements),...

2CRSI SA Financial Statement Overview

Summary

Overall financial performance is moderately strong, reflecting a clear turnaround from losses to profitability, improving margins, and reduced leverage, but still marked by thin gross margins and volatile revenue and cash flow patterns. The income statement is the main strength, with sharply better revenue, EBIT, and net income, while the balance sheet is meaningfully improved yet still carries notable leverage and only recently restored resilience. Cash flow quality is more mixed, with positive but modest and historically volatile operating and free cash flows, which temper the overall financial strength despite the promising recovery.

Income Statement

72Positive

Balance Sheet

63Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMJun 2025Feb 2023Feb 2023Feb 2022Feb 2021
Income Statement
Total Revenue607.19M220.70M188.32M131.05M183.64M163.34M
Gross Profit26.66M5.03M43.69M13.85M40.44M33.63M
EBITDA207.62M7.50M-15.23M1.90M7.88M5.81M
Net Income12.21M2.13M-12.63M-4.89M-1.06M-4.19M
Balance Sheet
Total Assets108.41M90.08M139.92M73.17M163.40M161.02M
Cash, Cash Equivalents and Short-Term Investments8.93M1.15M6.40M1.09M4.72M4.54M
Total Debt11.20M12.90M67.08M10.41M71.60M73.81M
Total Liabilities69.81M60.89M105.31M46.90M123.13M120.34M
Stockholders Equity38.69M29.19M24.42M26.41M40.54M40.75M
Cash Flow
Free Cash Flow19.29M331.00K3.40M-4.02M7.54M-6.42M
Operating Cash Flow22.74M2.37M7.47M-2.20M10.19M-2.16M
Investing Cash Flow-595.50K284.00K-3.00M9.88M-3.93M-4.83M
Financing Cash Flow-6.03M-3.28M-5.12M-8.61M-7.21M395.00K

2CRSI SA Technical Analysis

Technical Analysis SentimentNegative
Last Price21.92

Price Trends

50DMA27.54Negative
100DMA28.45Negative
200DMA29.75Negative

Market Momentum

MACD-0.53Positive
RSI34.32Neutral
STOCH41.93Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:AL2SI, the sentiment is Negative. The current price of 21.92 is below the 20-day moving average (MA) of 26.66, below the 50-day MA of 27.54, and below the 200-day MA of 29.75, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 34.32 is Neutral, neither overbought nor oversold. The STOCH value of 41.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:AL2SI.

2CRSI SA Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

FR:AL2SI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
FR:ALPWGFR:ALPWG56NeutralEUR 19.24M2.03――-47.88%―
FR:AL2SIFR:AL2SI52NeutralEUR 494.51M39.7934.98%―――
FR:ALCBXFR:ALCBX40UnderperformEUR 8.38M-2.42-74.21%―114.76%60.55%

* Technology Sector Average

Performance Comparison

0%200%400%FR:AL2SIFR:ALCBXFR:MLACTFR:ALDRVFR:ALLOGFR:ALPWGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
FR:AL2SI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
FR:AL2SI2CRSI SA21.9211.98120.52%
FR:ALCBXCibox Inter@ctive SA0.01-0.01-37.50%
FR:MLACTActivium Group SA1.21-0.29-19.33%
FR:ALDRVDRONE VOLT SA0.19-0.54-74.11%
FR:ALLOGLogic Instrument SA Class A1.68-0.24-12.40%
FR:ALPWGProdways Group SA0.57-0.05-7.72%

2CRSI SA Corporate Events

2CRSi updates market on May 2026 share capital and voting rights

Jul 24, 2026

2CRSi has reported its monthly capital and voting rights structure as of 31 May 2026, disclosing a share capital composed of 22,596,441 shares. The company also detailed 28,856,568 theoretical voting rights and 28,856,544 exercisable voting rights, r...

2CRSi Revenue Soars 88% as AI Strategy Drives Record Year and €1 Billion Ambition

Jul 23, 2026

2CRSi SA reported annual revenue of €416.2 million for fiscal 2025/26, an 88% increase from the prior year, reflecting strong commercial momentum and its strategic pivot toward the global artificial intelligence infrastructure market. The compa...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Jul 17, 2026