OVH OVH.PA
FranceTechnology · Software - InfrastructureEuronext París · EUR
13.50 EUR (−14.5%)
9 analysts
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OVH is a French provider of cloud computing and infrastructure-as-a-service (IaaS) services, offering dedicated servers, storage and hosting solutions to businesses and individuals.
Listed on Euronext París · Symbol OVH.PA · EPA: OVH · Currency EUR
Key points
from its scores- ✓Good share-price trend7.8
- ✕Little or no dividend1.5
- ✕Fragile balance sheet2.3
- ✕Little competitive advantage3.5
AI analysis
bottom line, main risk, context and newsThe combination of high leverage, low profitability and demanding valuation does not justify an entry at the current time.
OVH presents a weak financial profile: net debt of 4.16x EBITDA, operating margin of 6.59%, negative ROE (-2.20%) and negative free cash flow conversion (-14.95%). Despite positive momentum (28.53%), the valuation is demanding (forward P/E 53.8) and revenue growth is low (1.90%), suggesting the current price discounts expectations that the business has not yet confirmed.
The main risk is high leverage (Net Debt/EBITDA of 4.16) combined with negative free cash flow generation, which limits its investment capacity and makes it vulnerable to a rising interest rate environment in Europe.
Context and risks
OVH is a cloud provider headquartered in France, a country with elevated governance risk according to the reference. Although there are no specific news, exposure to European data regulation and competition from US hyperscalers with greater scale represent a structural risk to its business model.
Is OVH stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 42% below the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 11.8 | 20.4 | −42% |
| Price / book | 87.7 | 6.3 | +1,293% |
| Price / sales | 2.2 | 5.3 | −59% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.2 out of 10 (median for Technology: 5.3).
Average analyst target: 13.50 EUR, −14.5% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.3 (sector 6.9), Growth 4.4 (sector 7.5).
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.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- 53.8
- EV / EBITDA
- 11.8
- Price / book
- 87.7
- Price / sales
- 2.2
- Market cap
- 2.4B EUR
- Enterprise value
- 3.6B EUR
Profitability
- ROE
- −2.2%
- ROA
- 2.2%
- ROIC (approx.)
- 5.5%
- Gross margin
- 73.4%
- Operating margin
- 6.6%
- Net margin
- −0.1%
- Free cash flow
- −45.6M EUR
- FCF yield
- −1.9%
- Cash conversion
- −15%
Solvency
- Total debt
- 1.3B EUR
- Net debt
- 1.3B EUR
- Cash
- 36.4M EUR
- EBITDA
- 304.8M EUR
- Net debt / EBITDA
- 4.16
- Debt / equity
- 4,927.17
- Current ratio
- 0.36
- Quick ratio
- 0.28
Growth
- Revenue growth
- +1.9%
- Earnings growth
- +0.0%
- EPS (TTM)
- 0.00 EUR
- EPS (forward)
- 0.29 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.09
- Analyst consensus
- Hold (9)
- Target price
- 13.50 EUR
- 52-week range
- 6.67 – 18.74
Recent news
All OVH.PA news →Compare it with its sector
All 283 in Technology →Frequently asked questions about OVH
Is OVH stock cheap or expensive?
On EV / EBITDA, it trades 42% below the Technology median. Valuation score: 4.2 out of 10 (median for Technology: 5.3). Average analyst target: 13.50 EUR, −14.5% versus the price. This is not investment advice.
What score does OVH get on MeridIAn Screener?
It scores 4.1 out of 10, rank 1,957 of 2,130 (better than 8% of the companies analysed). Its strongest category is Momentum (7.8) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
How much is OVH worth on the stock market?
Its market capitalisation is 2.4B EUR and its enterprise value, debt included, is 3.6B EUR.
How much debt does OVH have?
Its net debt (debt minus cash) is 1.3B EUR. That is 4.16 times its EBITDA; the Technology median is 0.20.
Does OVH pay a dividend?
It pays no dividend, or almost none.
How has OVH stock performed over the last year?
It has risen 36.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 6.67 and 18.74 EUR. Past performance does not guarantee future results.
What do analysts think of OVH?
9 analysts cover it; their average recommendation is “Hold” and their average target is 13.50 EUR (−14.5% versus the price). It is an estimate, not market data.