Lacroix Group SA (LACR) AI Stock Analysis

Lacroix Group SA

(Paris:LACR)

Select Model

Rating:51Neutral

Price Target:EUR 16.00▼(-3.90% Downside)

Action:reiterated

Date:10/15/26

The score is held back primarily by weakening financial performance (declining revenue, sustained and worsening net losses) and an elevated leverage profile, which increases sensitivity if earnings softness persists. Offsetting these risks, cash flow improved meaningfully in 2025 with solid free cash flow, and technical indicators show mildly positive momentum. Valuation remains a downside factor given negative earnings and no provided dividend yield.

Positive Factors

Cash GenerationImproved operating cash flow and solid free cash flow provide internally generated funding for operations and investment, even while accounting earnings remain weak. If sustained, better cash conversion can support liquidity and reduce reliance on external financing over the next several quarters.

Negative Factors

Revenue DeclineTwo consecutive years of falling revenue point to a sustained demand, execution, or program-volume challenge rather than a single-quarter fluctuation. Continued top-line weakness can reduce factory utilization, dilute operating leverage, and make recovery in profitability more difficult.

Lacroix Group SA (LACR) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 77.96M
Dividend Yield: ―
Average Volume (3M): 2,689
Price to Earnings (P/E): -5.0
Beta (1Y): 1.07
Revenue Growth: -11.77%
EPS Growth: 56.74%
Country: France
Employees: 2,807
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Lacroix Group SA Business Overview & Revenue Model

Company Description

LACROIX Group SA engages in the conception and supply of electronic equipment and industrial IoT solutions in France, Germany, the United States, Poland, and Tunisia. It operates through two segments, LACROIX Electronics and LACROIX Environment. The...

How the Company Makes Money

Lacroix Group SA primarily makes money by selling electronic products and services to business and public-sector customers through two main mechanisms: (1) electronics manufacturing services (EMS) and (2) sales of its own connected solutions for infr...

Lacroix Group SA Financial Statement Overview

Summary

Overall fundamentals are mixed but tilted weak: revenue has declined for two straight years and net losses widened (net margin around -9% in 2025). The balance sheet is strained with elevated and rising leverage (debt-to-equity ~1.38x in 2025) and very weak ROE, though operating/free cash flow is a bright spot with solid 2025 FCF (~31M) despite a volatile multi-year history.

Income Statement

34Negative

Balance Sheet

46Neutral

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	680.65M	445.50M	635.52M	761.18M	707.76M	501.45M
Gross Profit	42.24M	27.54M	194.48M	21.63M	212.10M	161.72M
EBITDA	64.34M	34.03M	16.01M	40.55M	39.96M	36.57M
Net Income	-36.96M	-39.67M	-33.76M	4.27M	11.88M	21.61M
Balance Sheet
Total Assets	379.35M	390.22M	537.73M	607.10M	591.44M	543.22M
Cash, Cash Equivalents and Short-Term Investments	44.27M	38.54M	43.20M	44.91M	24.89M	33.38M
Total Debt	122.86M	126.17M	169.50M	172.28M	174.61M	150.39M
Total Liabilities	285.28M	296.10M	397.34M	417.04M	397.55M	362.84M
Stockholders Equity	91.97M	91.45M	136.32M	177.91M	174.11M	154.06M
Cash Flow
Free Cash Flow	38.45M	30.84M	12.60M	19.45M	-18.05M	-25.62M
Operating Cash Flow	49.78M	39.39M	29.30M	36.30M	1.47M	4.87M
Investing Cash Flow	-2.10M	-2.80M	-14.12M	-13.71M	-18.47M	-102.26M
Financing Cash Flow	-25.16M	-23.69M	-12.35M	10.15M	-2.37M	56.38M

Lacroix Group SA Technical Analysis

Technical Analysis SentimentNeutral

Last Price16.65

Price Trends

50DMA17.45Negative

100DMA18.05Negative

200DMA16.15Positive

Market Momentum

MACD-0.39Positive

RSI46.28Neutral

STOCH53.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:LACR, the sentiment is Neutral. The current price of 16.65 is below the 20-day moving average (MA) of 16.96, below the 50-day MA of 17.45, and above the 200-day MA of 16.15, indicating a neutral trend. The MACD of -0.39 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 53.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:LACR.

Lacroix Group SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

FR:LACR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FR:MEMS	56Neutral	EUR 38.13M	35.14	5.66%	1.33%	10.87%	46.41%
FR:LACR	51Neutral	EUR 77.96M	-5.00	-18.93%	―	-11.77%	56.74%
FR:ALGID	40Underperform	EUR 13.33M	-6.82	-69.65%	―	―	―
FR:S30	38Underperform	EUR 49.83M	-0.73	-402.35%	―	-12.76%	-156.13%

* Technology Sector Average

Performance Comparison

FR:LACR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:LACR	Lacroix Group SA	16.65	4.60	38.17%
FR:ALGID	Egide SA	0.67	0.23	53.18%
FR:S30	Solutions 30	0.47	-0.52	-52.94%
FR:MEMS	MEMSCAP SA	4.96	0.97	24.37%
FR:ALKLK	Kerlink SA	0.73	-0.22	-23.11%
FR:ALWEC	WE.CONNECT SA	24.30	3.52	16.94%

Lacroix Group SA Corporate Events

Lacroix lifts 2026 guidance after profit surge and deleveraging

Sep 30, 2026

Lacroix Group reported first-half 2026 revenue of €235.2m, up 3.2% year-on-year, with current EBITDA jumping 39.3% to €23.7m and a margin of 10.1%. The Environment division delivered double-digit revenue growth and an exceptional 28.7% EB...

Lacroix Rides Regulatory Wave With Rapid Growth in Water Quality Sensors

Sep 9, 2026

Lacroix is accelerating in water quality measurement, expanding its Environment division’s connected solutions across the full water cycle as climate change, public health concerns and stricter European regulations push utilities toward real-ti...

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: Oct 15, 2026

Lacroix Group SA AI Stock Analysis