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Chargeurs SA
(BGO)
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Rating:41Neutral
Price Target:
€7.00
▼(-20.27% Downside)
Action:Reiterated
Date:10/09/26
The score is primarily dragged down by weak financial performance (loss in 2025, elevated leverage, and volatile/free cash flow turning negative). Technicals are also bearish with price below key moving averages and negative MACD, with only mild support from near-oversold RSI/Stoch. Valuation offers limited offset because the negative P/E reflects losses and the dividend yield is modest.
Positive Factors
Niche, value-added positioning
Chargeurs operates in specialized industrial, apparel, luxury, and heritage niches where technical products and services can support differentiation. This positioning may help preserve customer relationships and pricing relevance over the next several quarters.
Negative Factors
Revenue stagnation and decline
Broadly flat-to-declining revenue points to limited recent expansion in the underlying business. Continued top-line weakness can reduce operating leverage, constrain investment capacity, and make a durable return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche, value-added positioning
Chargeurs operates in specialized industrial, apparel, luxury, and heritage niches where technical products and services can support differentiation. This positioning may help preserve customer relationships and pricing relevance over the next several quarters.
Read all positive factors
Chargeurs SA (BGO) vs. iShares MSCI France ETF (EWQ)
Market Cap
€171.12M
Dividend Yield1.77%
Average Volume (3M)9.71K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-67.53%
EPS Growth231.56%
CountryFR
Employees1,441
SectorIndustrials
Sector Strength72
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)-0.96
Shares Outstanding24,933,990
10 Day Avg. Volume9,409
30 Day Avg. Volume9,710
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.02
Price to Sales (P/S)0.59
P/FCF Ratio-67.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.58
Revenue Forecast (FY)€416.18M
Chargeurs SA Business Overview & Revenue Model
Company Description
Belgrano operates as an industrial and financial company in France, Italy, Germany, the United States, Mainland China, Hong Kong, the United Kingdom, and internationally. It operates through three segments: Culture & Education, Fashion & Know how,...
How the Company Makes Money
Chargeurs makes money primarily by selling specialty manufactured products and related services to business customers across apparel, industrial, and luxury/heritage markets. Its revenue model is largely B2B and is driven by: (1) Sales of specialt...
Chargeurs SA Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
42
Neutral
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 419.70M | 729.60M | 653.20M | 733.90M | 736.60M |
| Gross Profit | 121.30M | 206.80M | 171.70M | 193.30M | 186.30M |
| EBITDA | 220.40M | 65.40M | 42.60M | 77.20M | 73.20M |
| Net Income | -24.00M | 7.30M | 1.50M | 22.10M | 30.60M |
Balance Sheet | |||||
| Total Assets | 963.10M | 1.01B | 857.20M | 885.20M | 932.30M |
| Cash, Cash Equivalents and Short-Term Investments | 111.60M | 121.90M | 95.00M | 133.20M | 225.90M |
| Total Debt | 446.50M | 424.20M | 384.70M | 345.00M | 375.10M |
| Total Liabilities | 717.90M | 691.80M | 604.80M | 605.30M | 665.50M |
| Stockholders Equity | 243.10M | 313.40M | 252.50M | 279.70M | 267.40M |
Cash Flow | |||||
| Free Cash Flow | -3.70M | 27.80M | -36.70M | -18.20M | 51.90M |
| Operating Cash Flow | 21.60M | 43.60M | -18.40M | -7.40M | 64.90M |
| Investing Cash Flow | -37.50M | -28.70M | -29.00M | -23.10M | -16.90M |
| Financing Cash Flow | 15.40M | 12.30M | 27.50M | -66.80M | -41.00M |
Chargeurs SA Technical Analysis
Negative
8.78
Price Trends
8.01
Negative
8.24
Negative
8.73
Negative
Market Momentum
-0.22
Negative
38.33
Neutral
26.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:BGO, the sentiment is Negative. The current price of 8.78 is above the 20-day moving average (MA) of 7.38, above the 50-day MA of 8.01, and above the 200-day MA of 8.73, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 38.33 is Neutral, neither overbought nor oversold. The STOCH value of 26.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:BGO.
Chargeurs SA Peers Comparison
UnderperformOutperform
Sector (63)
FR:BGO
Chargeurs SA
7.20
-2.82
-28.14%
FR:ELIS
Elis SA
22.18
-2.28
-9.33%
FR:ALEXA
Exacompta Clairefontaine SA
147.00
-13.94
-8.66%
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.