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HighCo SA
(HCO)
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Rating:69Neutral
Price Target:
€4.00
▲(9.29% Upside)
Action:Reiterated
Date:08/04/26
The score is anchored by decent underlying financial quality (strong cash flow history and a still-manageable balance sheet) but reduced by the 2025 fundamental slowdown and higher debt. Technicals add support with price trading above major moving averages and positive momentum indicators. Valuation is helped by an exceptionally high dividend yield, though the P/E is only moderate.
Positive Factors
Strong cash generation
Consistently positive free cash flow indicates effective cash conversion and supports investment, debt servicing and shareholder returns. Although 2025 cash generation cooled, the accumulated record provides resilience through periods of weaker operating performance.
Negative Factors
Sharp revenue contraction
The 2025 top-line decline signals weaker demand, client spending or campaign volumes across HighCo’s promotional-services activities. Sustained contraction would reduce operating leverage and make it harder to maintain recent profitability and cash-generation levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently positive free cash flow indicates effective cash conversion and supports investment, debt servicing and shareholder returns. Although 2025 cash generation cooled, the accumulated record provides resilience through periods of weaker operating performance.
Read all positive factors
HighCo SA (HCO) vs. iShares MSCI France ETF (EWQ)
Market Cap
€66.64M
Dividend Yield35.26%
Average Volume (3M)9.37K
Price to Earnings (P/E)14.2
Beta (1Y)0.40
Revenue Growth-32.60%
EPS Growth-34.73%
CountryFR
Employees548
SectorGeneral
Sector StrengthN/A
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.25
Shares Outstanding20,455,402
10 Day Avg. Volume7,262
30 Day Avg. Volume9,370
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)1.06
Price to Sales (P/S)0.79
P/FCF Ratio4.39
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)0.18
Revenue Forecast (FY)€128.70M
HighCo SA Business Overview & Revenue Model
Company Description
High Co. S.A. is a global marketing firm that provides comprehensive solutions to a variety of retailers and brands across the world. The company offers a broad spectrum of services, including strategic brand development, communication planning, a...
How the Company Makes Money
HighCo generally makes money by providing promotional-marketing services and technology that enable retailers and brands to run sales promotions and couponing campaigns. Revenue is typically generated through fees paid by consumer-goods manufactur...
HighCo SA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
73
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 98.65M | 146.38M | 145.44M | 144.57M | 137.45M |
| Gross Profit | 9.53M | 57.64M | 24.61M | 20.76M | 67.15M |
| EBITDA | 10.59M | 18.90M | 21.38M | 13.25M | 24.96M |
| Net Income | 4.85M | 7.46M | 11.12M | 1.79M | 11.19M |
Balance Sheet | |||||
| Total Assets | 211.04M | 206.82M | 203.79M | 214.75M | 218.65M |
| Cash, Cash Equivalents and Short-Term Investments | 94.97M | 80.69M | 66.13M | 70.00M | 73.72M |
| Total Debt | 21.80M | 6.10M | 12.56M | 15.04M | 15.88M |
| Total Liabilities | 137.53M | 111.92M | 111.94M | 123.48M | 119.69M |
| Stockholders Equity | 73.64M | 93.03M | 89.86M | 89.15M | 96.56M |
Cash Flow | |||||
| Free Cash Flow | 17.73M | 24.10M | 10.85M | 9.81M | 9.68M |
| Operating Cash Flow | 18.51M | 24.60M | 12.78M | 10.96M | 10.74M |
| Investing Cash Flow | 7.57M | -712.00K | -1.87M | -1.32M | -986.00K |
| Financing Cash Flow | -11.79M | -9.32M | -14.78M | -13.36M | -47.67M |
HighCo SA Technical Analysis
Negative
3.66
Price Trends
3.65
Negative
3.60
Negative
3.56
Negative
Market Momentum
-0.03
Positive
36.26
Neutral
11.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:HCO, the sentiment is Negative. The current price of 3.66 is below the 20-day moving average (MA) of 3.67, above the 50-day MA of 3.65, and above the 200-day MA of 3.56, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 36.26 is Neutral, neither overbought nor oversold. The STOCH value of 11.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:HCO.
HighCo SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €25.36B | 15.63 | 15.47% | 3.71% | 4.67% | -4.98% | |
69 Neutral | €66.64M | 14.16 | 5.82% | 35.26% | -32.60% | -34.73% | |
56 Neutral | €68.73M | 4.14 | -390.46% | 10.80% | -7.42% | -90.88% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €52.79M | 17.54 | ― | ― | 42.19% | -33.69% | |
44 Neutral | €44.02M | 20.26 | ― | 3.51% | -15.11% | -57.04% |
* General Sector Average
FR:HCO
HighCo SA
3.57
0.11
3.15%
FR:PUB
Publicis Groupe
100.05
20.82
26.28%
FR:LOCAL
Solocal
4.27
0.46
12.22%
FR:ALBLD
Bilendi SA
11.40
-7.00
-38.04%
FR:ALHOP
Hopscotch Groupe SA
13.75
-0.73
-5.05%
HighCo SA Corporate Events
HighCo Updates Voting Rights and Sets Key 2026 Financial Dates
Aug 4, 2026
HighCo SA has published its monthly statement of share capital and voting rights as of 31 July 2026, confirming a stable share capital of 20,455,403 shares, of which 638,338 are treasury shares without voting rights. The theoretical voting rights ...
HighCo lifts H1 2026 profit guidance as French retail drives growth
Jul 22, 2026
HighCo SA reported strong business growth in the second quarter and first half of 2026, fuelled by its French operations and recent acquisitions. Reported gross profit rose 27% in Q2 to €19.29 million and 26.7% in H1 to €39.21 million,...
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.