Gascogne SA (ALBI) AI Stock Analysis

Gascogne SA

(Paris:ALBI)

Select Model

Rating:44Neutral

Price Target:EUR 2.00▼(-3.85% Downside)

Action:reiterated

Date:07/09/26

The score is primarily constrained by weak financial performance—losses, rising leverage, and negative operating/free cash flow—raising risk and limiting flexibility. Technicals are mixed with some short-term stabilization signals but weaker longer-term trend vs major moving averages. Valuation is not compelling on an earnings basis due to the negative P/E.

Positive Factors

Integrated business modelGascogne's vertical scope from forestry through wood processing to paper and packaging creates durable supply integration and customer linkage. Owning multiple stages reduces raw-material sourcing risk and allows capture of value across the chain, supporting resilience over economic cycles.

Negative Factors

Earnings deteriorationThe swing from profit to operating losses by 2025 signals persistent pressure on margins and/or volumes. Enduring operating losses erode internal funding, constrain reinvestment, and mean turnarounds may require material margin improvements or structural changes to restore sustainable profitability over multiple quarters.

Gascogne SA (ALBI) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 78.30M
Dividend Yield: ―
Average Volume (3M): 925
Price to Earnings (P/E): -3.6
Beta (1Y): 0.31
Revenue Growth: -2.83%
EPS Growth: -2426.94%
Country: France
Employees: 1,432
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Packaging & Containers

Gascogne SA Business Overview & Revenue Model

Company Description

Gascogne SA, headquartered in Mimizan, France, and established in 1925, is a global company specializing in the manufacturing and distribution of wood products, various types of paper, industrial and consumer packaging sacks, and laminates. The compa...

How the Company Makes Money

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Gascogne SA Financial Statement Overview

Summary

Financial quality is weak. Profitability deteriorated from positive net margins in 2022–2023 to operating losses and a deeper net loss in 2025, revenue has trended down/flat since 2022, leverage has risen (debt/equity above 1.0 and increasing), and cash generation worsened materially with negative operating cash flow in 2025 and deeply negative free cash flow in 2024–2025.

Income Statement

32Negative

Balance Sheet

41Neutral

Cash Flow

23Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	400.01M	400.00M	391.20M	411.25M	460.20M	398.85M
Gross Profit	628.00K	0	199.34M	201.12M	238.58M	18.66M
EBITDA	-191.89M	17.32M	29.01M	36.90M	51.84M	32.15M
Net Income	-10.30M	-10.30M	-600.00K	9.67M	22.52M	12.87M
Balance Sheet
Total Assets	651.48M	651.48M	647.82M	532.02M	466.54M	401.47M
Cash, Cash Equivalents and Short-Term Investments	37.11M	37.11M	105.14M	46.95M	32.72M	29.71M
Total Debt	253.79M	253.79M	254.00M	179.16M	138.39M	127.46M
Total Liabilities	446.35M	446.35M	433.43M	338.81M	281.71M	243.48M
Stockholders Equity	205.13M	205.13M	214.40M	193.22M	184.80M	145.93M
Cash Flow
Free Cash Flow	-62.87M	-62.87M	-42.76M	-48.02M	-8.14M	9.36M
Operating Cash Flow	-4.48M	-4.48M	21.88M	33.69M	38.30M	34.59M
Investing Cash Flow	-55.47M	-55.48M	-57.98M	-77.29M	-46.20M	-25.02M
Financing Cash Flow	-8.55M	-8.54M	94.38M	57.31M	11.00M	-18.13M

Gascogne SA Technical Analysis

Technical Analysis SentimentNeutral

Last Price2.08

Price Trends

50DMA2.07Positive

100DMA2.12Negative

200DMA2.16Negative

Market Momentum

MACD-0.00Negative

RSI51.62Neutral

STOCH74.44Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALBI, the sentiment is Neutral. The current price of 2.08 is above the 20-day moving average (MA) of 2.05, above the 50-day MA of 2.07, and below the 200-day MA of 2.16, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 74.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALBI.

Gascogne SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

FR:ALBI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:ALGIL	63Neutral	EUR 361.40M	7.01	8.00%	4.60%	3.96%	4.03%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FR:TFF	57Neutral	EUR 306.00M	34.44	―	3.54%	-26.49%	-71.33%
FR:ALBI	44Neutral	EUR 78.30M	-3.65	―	―	-2.83%	-2426.94%
FR:VRLA	40Underperform	EUR 2.25B	43.02	―	5.67%	-3.12%	-73.06%

* Consumer Cyclical Sector Average

Performance Comparison

FR:ALBI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:ALBI	Gascogne SA	2.08	-0.28	-11.86%
FR:AUGR	Augros Cosmetics Packaging	4.80	-0.60	-11.11%
FR:ALGIL	Groupe Guillin SA	19.55	-4.62	-19.13%
FR:TFF	TFF Group	14.12	-3.98	-21.99%
FR:VRLA	Verallia SAS	17.64	-3.56	-16.81%

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 09, 2026

Gascogne SA AI Stock Analysis