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Nacon SASU (NACON) AI Stock Analysis
Nacon SASU
(Paris:NACON)
The overall score is driven primarily by weak financial performance, as declining revenue, heavy reported losses, high leverage, and negative equity outweigh the strength of cash generation and leave the company financially fragile. A clearly bearish technical picture, with the share price well below key moving averages and subdued momentum, adds further downside risk. Valuation offers limited support because a slightly negative P/E and absence of dividends point to a speculative turnaround profile rather than a stable, income-generating investment.
Nacon SASU (NACON) vs. iShares MSCI France ETF (EWQ)
- Market Cap
- EUR 5.22M
- Dividend Yield
- ―
- Average Volume (3M)
- 217.38K
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- 1.23
- Revenue Growth
- -4.27%
- EPS Growth
- -35654.26%
- Country
- France
- Employees
- 1,000
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Electronic Gaming & Multimedia
Nacon SASU Business Overview & Revenue Model
Company Description
Nacon S.A., together with its subsidiaries, designs, develops, and markets video game accessories in France and internationally. The company offers console controllers under the NACON brand; video game accessories for racing under the Revosim brand;...
How the Company Makes Money
Nacon makes money primarily through two business lines: (1) video game publishing and related services, and (2) gaming accessories/peripherals. In publishing, revenue is generated from sales of video games in both digital and physical formats. Digita...
Nacon SASU Financial Statement Overview
Summary
Solid operating and free cash flow partly offsets very weak revenue trends, large reported losses, high leverage, and negative equity, resulting in fragile overall financial health.
Income Statement
32NegativeBalance Sheet
28NegativeCash Flow
76Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 160.82M | 160.80M | 167.94M | 167.71M | 155.98M | 155.91M |
| Gross Profit | 74.07M | 43.10M | 21.59M | 28.14M | 35.88M | 37.61M |
| EBITDA | 79.58M | 103.70M | 55.91M | 70.54M | 48.56M | 39.84M |
| Net Income | -363.65M | -366.10M | -1.34M | 17.53M | 12.77M | 9.96M |
Balance Sheet | ||||||
| Total Assets | 163.80M | 163.80M | 512.93M | 478.96M | 483.31M | 412.25M |
| Cash, Cash Equivalents and Short-Term Investments | 20.70M | 20.70M | 29.27M | 26.24M | 47.60M | 82.15M |
| Total Debt | 134.90M | 134.90M | 143.48M | 142.80M | 168.85M | 145.00M |
| Total Liabilities | 245.10M | 245.10M | 228.57M | 215.41M | 240.76M | 183.84M |
| Stockholders Equity | -81.30M | -81.30M | 284.36M | 263.55M | 242.55M | 228.41M |
Cash Flow | ||||||
| Free Cash Flow | 78.53M | 81.20M | 59.34M | 71.88M | 45.04M | 31.04M |
| Operating Cash Flow | 78.73M | 81.40M | 60.46M | 73.09M | 47.35M | 32.38M |
| Investing Cash Flow | -72.30M | -72.30M | -79.99M | -87.30M | -115.94M | -81.35M |
| Financing Cash Flow | -20.43M | -23.10M | 19.14M | -8.55M | 33.89M | 35.28M |
Nacon SASU Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NACON, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 25.87 is Positive, neither overbought nor oversold. The STOCH value of 13.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:NACON.
Nacon SASU Peers Comparison
Overall Rating
FR:ALATA50Neutral- FR:NACON47Neutral
FR:UBI43Neutral
FR:ALPUL40Underperform
FR:ALDNE38Underperform
FR:BIG38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| FR:ALATA | 50Neutral | EUR 65.77M | -7.55 | -101.20% | ― | 66.67% | 74.66% |
| FR:NACON | 47Neutral | EUR 5.22M | -0.01 | -360.12% | ― | -4.27% | -35654.26% |
| FR:UBI | 43Neutral | EUR 570.57M | -0.37 | -97.34% | ― | -26.51% | -763.39% |
| FR:ALPUL | 40Underperform | EUR 53.52M | -4.02 | -8.99% | 15.36% | -27.85% | -163.53% |
| FR:ALDNE | 38Underperform | EUR 1.59M | -0.07 | -141.33% | ― | 49.69% | 48.57% |
| FR:BIG | 38Underperform | EUR 1.19M | -0.00 | -403.52% | ― | -1.22% | -101445.24% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FR:NACON | Nacon SASU | 0.05 | -0.59 | -92.60% | |
| FR:ALATA | Atari SA | 15.47 | -12.33 | -44.35% | |
| FR:BIG | Bigben Interactive | 0.07 | -1.00 | -93.91% | |
| FR:UBI | UBISOFT Entertainment | 4.10 | -2.82 | -40.69% | |
| FR:ALPUL | Focus Home Interactive SA | 6.51 | -11.83 | -64.50% | |
| FR:ALDNE | Don't Nod Entertainment SA | 0.12 | -0.67 | -84.56% |
Nacon SASU Corporate Events
Nacon Q2 Sales Dip as Catalogue Games Slow, Accessories Surge Amid Judicial Reorganisation
Nacon reported second-quarter 2026-2027 sales of €40.7 million, down 13 percent year-on-year, as new catalogue game revenue fell sharply against an unusually strong prior-year comparison, while back-catalogue sales were broadly stable. Accessor...
Nacon Deepens Gaming Hardware Push With New Licensed Xbox Precision Controller
Nacon has launched the REVOLUTION PRO X – Special Edition, an officially licensed wireless Xbox controller designed for competitive play on Xbox consoles, PC, and Smart TVs. Featuring adjustable joystick tension via a control ring, Hall Effect...
Nacon Reports September 2026 Share Capital and Voting Rights
Nacon SASU disclosed its monthly regulatory information on share capital and voting rights as of 30 September 2026, reporting 111,156,083 shares outstanding and identical gross and net voting rights figures. The update, published under Article 223-16...
Nacon Confirms 2025-2026 Results and Publishes Universal Registration Document
Nacon SASU, a listed French video game publisher and gaming accessories maker with more than 800 employees and global operations, reported IFRS revenue of €160.8 million for 2025/2026. The company leverages over three decades of experience in d...
Nacon Targets Esports Segment With High-End Revolution 5 Unlimited PS5 Controller
Nacon has introduced the Revolution 5 Unlimited, a new high-end asymmetric controller officially licensed for PlayStation 5 and compatible with PC and Android Smart TVs. The device targets competitive and professional players, extending Nacon’s...
Nacon Updates Share Capital and Voting Rights After Free Share Allocation
Nacon SASU has reported updated figures for its share capital as of September 21, 2026, disclosing a total of 111,156,083 shares and 177,236,557 net voting rights. The change follows the issuance of 1,983,593 new shares, recorded by the Board of Dire...
Nacon outlines court‑supervised restructuring that will heavily dilute shareholders
Nacon, the French video game publisher and gaming accessories maker controlled by Bigben Interactive, is undergoing court‑supervised restructuring in Lille as it works to stabilise its balance sheet. The process follows an extended observation...
Nacon Reports August 2026 Share Capital and Voting Rights Structure
Nacon SASU reported that as of 31 August 2026, its share capital consisted of 109,172,490 shares, corresponding to 174,986,674 gross voting rights and 174,715,161 net voting rights. The discrepancy between share count and voting rights is driven by t...
Nacon Flags Heavy Shareholder Dilution Risk in Bigben-Led Debt Restructuring
Nacon has acknowledged the financial restructuring plans of its majority shareholder Bigben Interactive, which has secured an agreement in principle from its main creditors and sought accelerated safeguard proceedings in Lille. A portion of new money...
Nacon Flags Heavy Shareholder Dilution Risk as Bigben-Led Debt Rescue Advances
Nacon, a mid-cap French video game publisher and gaming accessories maker within the Bigben group, is navigating a court-supervised judicial restructuring process opened in March 2026. The company, which runs 16 studios and sells AA titles and premiu...
Nacon Reports July 2026 Voting Rights and Share Capital
Nacon SASU has reported its monthly shareholder structure, confirming a share capital composed of 109,172,490 shares as of July 31, 2026. The company disclosed 172,986,062 gross voting rights and 172,764,042 net voting rights, providing transparency...
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: Sep 25, 2026