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Exosens
(EXENS)
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Rating:58Neutral
Price Target:
€61.00
▲(3.92% Upside)
Action:Reiterated
Date:09/18/26
The score is driven primarily by above-average financial performance (growth, profitability turnaround, and deleveraging), tempered by notable 2025 margin and cash-conversion volatility. Technical signals are mixed with subdued momentum, and the very high P/E with a low dividend yield materially drags the overall score.
Positive Factors
Consistent revenue growth
A sustained multi-year revenue expansion indicates recurring demand for Exosens’s optoelectronic and imaging offerings. Continued growth broadens the operating base, supports investment in product capabilities, and provides a durable foundation for future earnings progression.
Negative Factors
Sharp gross-margin compression
The steep gross-margin decline raises questions about the durability of Exosens’s profitability, whether driven by mix, pricing, or costs. If the lower margin persists, it could reduce operating leverage and limit how much revenue growth translates into earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
A sustained multi-year revenue expansion indicates recurring demand for Exosens’s optoelectronic and imaging offerings. Continued growth broadens the operating base, supports investment in product capabilities, and provides a durable foundation for future earnings progression.
Read all positive factors
Exosens (EXENS) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.89B
Dividend Yield0.53%
Average Volume (3M)86.58K
Price to Earnings (P/E)96.3
Beta (1Y)0.76
Revenue Growth15.06%
EPS Growth-4.54%
CountryFR
Employees2,000
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.59
Shares Outstanding50,936,750
10 Day Avg. Volume69,151
30 Day Avg. Volume86,576
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)5.54
Price to Sales (P/S)5.27
P/FCF Ratio50.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€70.75Price Target Upside20.53% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.88
Revenue Forecast (FY)€565.28M
Exosens Business Overview & Revenue Model
Company Description
Exosens specializes in the development, production, and global distribution of advanced electro-optical technologies. Its core expertise lies in amplification, detection, and imaging solutions, catering to markets across France, the rest of Europe...
How the Company Makes Money
Exosens makes money primarily by selling optoelectronic components and imaging-related products/systems to customers that integrate them into larger platforms (e.g., night-vision devices and other sensing/imaging solutions) and to end users requir...
Exosens Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 496.79M | 468.20M | 394.10M | 318.80M | 200.75M | 166.17M |
| Gross Profit | 86.56M | 102.20M | 225.60M | 176.81M | 113.95M | 100.03M |
| EBITDA | 152.40M | 142.10M | 108.61M | 77.84M | 51.25M | -101.18M |
| Net Income | 57.59M | 42.70M | 30.70M | 17.14M | 11.21M | -148.97M |
Balance Sheet | ||||||
| Total Assets | 895.00M | 878.90M | 817.00M | 656.41M | 529.25M | 460.52M |
| Cash, Cash Equivalents and Short-Term Investments | 105.20M | 101.90M | 150.20M | 15.53M | 29.00M | 15.93M |
| Total Debt | 269.50M | 280.00M | 261.28M | 311.77M | 255.28M | 208.11M |
| Total Liabilities | 444.20M | 433.30M | 404.40M | 452.35M | 346.20M | 288.41M |
| Stockholders Equity | 450.90M | 445.70M | 412.60M | 204.06M | 183.05M | 172.11M |
Cash Flow | ||||||
| Free Cash Flow | 56.51M | 48.50M | 96.20M | 19.53M | 25.69M | 23.07M |
| Operating Cash Flow | 118.06M | 98.60M | 96.20M | 50.46M | 47.48M | 42.66M |
| Investing Cash Flow | -103.20M | -121.20M | -72.70M | -99.64M | -55.48M | -21.26M |
| Financing Cash Flow | -27.98M | -16.40M | 76.30M | 35.49M | 20.26M | -36.83M |
Exosens Technical Analysis
Negative
58.70
Price Trends
58.44
Negative
59.03
Negative
60.15
Negative
Market Momentum
-0.28
Positive
45.70
Neutral
58.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EXENS, the sentiment is Negative. The current price of 58.7 is above the 20-day moving average (MA) of 58.04, above the 50-day MA of 58.44, and below the 200-day MA of 60.15, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 45.70 is Neutral, neither overbought nor oversold. The STOCH value of 58.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:EXENS.
Exosens Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | €2.89B | 96.27 | ― | 0.53% | 15.06% | -4.54% | |
56 Neutral | €38.87M | 35.82 | 5.66% | 1.31% | 10.87% | 46.41% | |
51 Neutral | €73.28M | -4.70 | -18.93% | 3.35% | -11.77% | 56.74% | |
48 Neutral | €707.37M | 149.58 | 0.45% | ― | -3.09% | -86.76% |
* Industrials Sector Average
FR:EXENS
Exosens
57.20
10.42
22.26%
FR:XFAB
X-Fab Silicon Foundries SE
5.46
-1.01
-15.62%
FR:MEMS
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5.03
0.99
24.41%
FR:LACR
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15.75
4.90
45.16%
Exosens Corporate Events
Exosens Lifts 2026 Outlook on Rapid Capacity Ramp and Strong Demand
Sep 17, 2026
Exosens has raised its full‑year 2026 revenue and adjusted EBITDA guidance following a faster‑than‑expected ramp‑up of European production capacity for high‑performance image intensifier tubes. The company maintained ...
Exosens Wins First U.S. Army BiNOD Production Order via Photonis Defense
Aug 25, 2026
Exosens’ U.S. subsidiary Photonis Defense has secured its first order under the U.S. Army’s BiNOD binocular night vision program, covering 1,600 complete systems in the Low‑Rate Initial Production phase. Manufacturing and testing...
Exosens Files 2026 Half-Year Financial Report With AMF
Jul 28, 2026
Exosens, the France-based high-tech group focused on mission- and performance-critical electro-optical amplification, detection and imaging technologies, operates 13 production and RD sites across Europe and North America and employs more than 2,0...
Exosens to Triple Thermal Camera Output as Drone Defense Demand Surges
Jul 28, 2026
Exosens, a specialist in mission-critical amplification, detection and imaging technologies, is expanding its role in the defense and autonomous systems market with a focus on compact thermal cameras and cooled infrared solutions. The company targ...
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.