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⚠️ Not investment advice. Past performance does not guarantee future results.
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Exosens EXENS.PA

FranceIndustrials · Aerospace & DefenseEuronext París · EUR
5.1AI score
Rank 1,645 of 2,130
better than 21% of companies
56.00EUR
▲ 29.5% in one year
EXENS.PA MSCI World +22.1%
Average analyst target
69.70 EUR (+24.5%)
10 analysts
52-wk low 40.00High 74.00
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Exosens is a French technology company that designs and manufactures image sensors, photodetectors, and vision systems for defense, security, and industrial and medical applications.

Listed on Euronext París · Symbol EXENS.PA · EPA: EXENS · Currency EUR

Key points

from its scores
  • ✓Good share-price trend8.0
  • ✕Demanding valuation2.3
  • ✕Little or no dividend4.1
  • ✕Weak growth4.2

AI analysis

bottom line, main risk, context and news
Bottom line

The defense business has structural tailwinds, but the valuation already discounts an earnings recovery that has not yet materialized; wait for cash conversion and profit to improve before adding to the position.

Exosens presents a mixed profile: revenue growth of 15.30% and a gross margin of 60.13% show a business with solid demand, but the -45.10% drop in profit and a demanding valuation (P/E 133.33, EV/EBITDA 29.09) weigh on its attractiveness. The balance sheet is sound (Net Debt/EBITDA 1.91) and momentum is strong (26.71% over 12 months), but the 28.04% free cash flow conversion and the 76.63% payout ratio limit financial flexibility.

⚠ Main risk

The -45.10% drop in profit and weak free cash flow conversion (28.04%) suggest that revenue growth is not translating into profitability; if the margin recovery does not arrive, the current valuation (P/E 133.33) is unsustainable.

Context and risks

Exosens has no material exposure to current macro factors: its business of sensors and vision systems for defense and industrial applications does not depend on interest rates, oil prices, or conflict shipping routes. Its net debt is moderate (Net Debt/EBITDA of 1.91) and its activity is tied to European defense demand, not commodity cycles.

Is Exosens stock cheap or expensive?

at the analysis date
Pricier than its sector

On P/E and EV / EBITDA, it trades 263% above the Industrials median on average.

MultipleCompanySectorDifference
P/E133.325.4+424%
EV / EBITDA29.114.5+101%
Price / book6.34.1+56%
Price / sales5.72.1+176%

Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.

Valuation score: 2.3 out of 10 (median for Industrials: 5.0).

Average analyst target: 69.70 EUR, +24.5% versus the price.

A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.4 (sector 5.8), Growth 4.2 (sector 6.6).

Indicative fair value · EUR
Graham11.97▼ −79% vs price
Cash flow (DCF)13.59▼ −76% vs price
Dividends10.50▼ −81% vs price
Price56.00at the analysis date

Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy EXENS.PACheapest · France (Euronext) · sample 200.00 € orderCheapest · France (Euronext) · sample 200.00 € orderAvailable in your country · France (Euronext) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiFair6.8Industrials median: 6.4
Quality / MoatiFair5.4Industrials median: 5.8
ValuationiPoor2.3Industrials median: 5.0
GrowthiWeak4.2Industrials median: 6.6
DividendiWeak4.1Industrials median: 5.4
MomentumiGood8.0Industrials median: 5.9
Risk & ContextiFair6.5Industrials median: 6.0
Industrials median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Industrials median
P/Ei
133.3
Industrials: 25.4above
EV / EBITDAi
29.1
Industrials: 14.5above
ROEi
12.7%
Industrials: 16.9%below
Operating margini
12.9%
Industrials: 12.4%in line
Net debt / EBITDAi
1.91
Industrials: 1.58above
Revenue growthi
+15.3%
Industrials: +9.2%above

Valuation

P/E
133.3
Forward P/E
23.2
EV / EBITDA
29.1
Price / book
6.3
Price / sales
5.7
Market cap
2.9B EUR
Enterprise value
3.1B EUR

Profitability

ROE
12.7%
ROA
6.2%
ROIC (approx.)
9.0%
Gross margin
60.1%
Operating margin
12.9%
Net margin
6.0%
Free cash flow
29.4M EUR
FCF yield
1.0%
Cash conversion
28%

Solvency

Total debt
269.5M EUR
Net debt
200.2M EUR
Cash
69.2M EUR
EBITDA
104.9M EUR
Net debt / EBITDA
1.91
Debt / equity
59.77
Current ratio
2.35
Quick ratio
1.32

Growth

Revenue growth
+15.3%
Earnings growth
−45.1%
EPS (TTM)
0.42 EUR
EPS (forward)
2.41 EUR

Dividend

Dividend yield
0.5%
Payout
76.6%

Risk and market

Beta
0.81
Analyst consensus
Buy (10)
Target price
69.70 EUR
52-week range
40.00 – 74.00

Compare it with its sector

All 388 in Industrials →
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Frequently asked questions about Exosens

Is Exosens stock cheap or expensive?

On P/E and EV / EBITDA, it trades 263% above the Industrials median on average. Valuation score: 2.3 out of 10 (median for Industrials: 5.0). Average analyst target: 69.70 EUR, +24.5% versus the price. This is not investment advice.

What score does Exosens get on MeridIAn Screener?

It scores 5.1 out of 10, rank 1,645 of 2,130 (better than 21% of the companies analysed). Its strongest category is Momentum (8.0) and its weakest, Valuation (2.3). Analysis of 08/10/2026.

What is Exosens's P/E ratio?

Its P/E is 133.3: the share price equals 133.3 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 23.2.

How much is Exosens worth on the stock market?

Its market capitalisation is 2.9B EUR and its enterprise value, debt included, is 3.1B EUR.

How much debt does Exosens have?

Its net debt (debt minus cash) is 200.2M EUR. That is 1.91 times its EBITDA; the Industrials median is 1.58.

Does Exosens pay a dividend?

Yes: its dividend yield is 0.54% and it pays out 77% of its earnings.

How has Exosens stock performed over the last year?

It has risen 29.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 40.00 and 74.00 EUR. Past performance does not guarantee future results.

What do analysts think of Exosens?

10 analysts cover it; their average recommendation is “Buy” and their average target is 69.70 EUR (+24.5% versus the price). It is an estimate, not market data.