It's a small french company that offers an attractive opportunity for investors looking for shares at low prices. With a price-to-earnings ratio below 5, the company is showing promising signs of recovery and growth, both in terms of profitability and revenue.
In recent years, Adux SA has significantly improved its financial position. In 2022, the company had a negative net worth of 3. 51 million euros, but by the end of 2023, this deficit had narrowed to -1. 27 million euros, with positive outlooks for 2024. This recovery is the result of a major restructuring that has strengthened the efficiency and profitability of the company. For example, the number of employees fell from 127 in 2019 to just 43 in 2023, keeping revenues stable. This reduction in staff has allowed Adux SA to become much more profitable.
During the general meeting on June 26, 2024, a share repurchase plan with a duration of 18 months was approved. This plan allows Adux SA to buy back up to 10 % of its own shares, with a total budget of 6. 28 million euros and a maximum price of 10 euros per share. This repurchase plan demonstrates the company's confidence in its intrinsic value and suggests that it believes its market value is undervalued. If Adux SA uses the entire budget allocated, it could buy back around 1,850 shares per day. In addition, the company has a liquidity agreement with BNP Paribas since October 2019 to ensure a minimum volume of daily transactions and help maintain liquidity in its shares.
One particularly interesting aspect is that the company buys back its own shares at a maximum price of 10 euros, while they are currently trading at only 1,465 euros. This suggests that the company considers its real value to be much higher than the current market price, and this strategy could attract the attention of potential buyers interested in an acquisition at a higher price.
Another element to consider is the participation of Azerion, a major player in the media and entertainment sector, which took control of Adux SA in 2018 when the company was facing financial difficulties. Azerion acquired a significant stake at an average price of EUR 1. 90 per share, reflecting the financial difficulties of Adux SA at the time. This acquisition began with the purchase of 10. 1 % of the capital at EUR 4. 20 per share, followed by the purchase of 510,000 shares at EUR 2. 90 per share, and finally the purchase of another 35 % of the capital at EUR 1 per share. Since then, Azerion has maintained and even increased its stake, demonstrating continued confidence in Adux SA’s recovery capacity and growth potential.
In short, Adux SA has taken significant steps to recover, including effective restructuring and a share buyback plan that reflects confidence in its undervalued value. Azerion's continued involvement in the company also adds credibility to Adux SA's future prospects.
In recent years, Adux SA has significantly improved its financial position. In 2022, the company had a negative net worth of 3. 51 million euros, but by the end of 2023, this deficit had narrowed to -1. 27 million euros, with positive outlooks for 2024. This recovery is the result of a major restructuring that has strengthened the efficiency and profitability of the company. For example, the number of employees fell from 127 in 2019 to just 43 in 2023, keeping revenues stable. This reduction in staff has allowed Adux SA to become much more profitable.
During the general meeting on June 26, 2024, a share repurchase plan with a duration of 18 months was approved. This plan allows Adux SA to buy back up to 10 % of its own shares, with a total budget of 6. 28 million euros and a maximum price of 10 euros per share. This repurchase plan demonstrates the company's confidence in its intrinsic value and suggests that it believes its market value is undervalued. If Adux SA uses the entire budget allocated, it could buy back around 1,850 shares per day. In addition, the company has a liquidity agreement with BNP Paribas since October 2019 to ensure a minimum volume of daily transactions and help maintain liquidity in its shares.
One particularly interesting aspect is that the company buys back its own shares at a maximum price of 10 euros, while they are currently trading at only 1,465 euros. This suggests that the company considers its real value to be much higher than the current market price, and this strategy could attract the attention of potential buyers interested in an acquisition at a higher price.
Another element to consider is the participation of Azerion, a major player in the media and entertainment sector, which took control of Adux SA in 2018 when the company was facing financial difficulties. Azerion acquired a significant stake at an average price of EUR 1. 90 per share, reflecting the financial difficulties of Adux SA at the time. This acquisition began with the purchase of 10. 1 % of the capital at EUR 4. 20 per share, followed by the purchase of 510,000 shares at EUR 2. 90 per share, and finally the purchase of another 35 % of the capital at EUR 1 per share. Since then, Azerion has maintained and even increased its stake, demonstrating continued confidence in Adux SA’s recovery capacity and growth potential.
In short, Adux SA has taken significant steps to recover, including effective restructuring and a share buyback plan that reflects confidence in its undervalued value. Azerion's continued involvement in the company also adds credibility to Adux SA's future prospects.
