Added to YB: 2026-10-13
Pitch date: 2026-10-09
QDT.PA [bullish]
Quadient S.A.
-4.71%
current return
Author Info
Finding mispriced companies before the crowd. Independent research on global small-cap and mid-cap stocks. Sign up for the newsletter.
Company Info
Quadient S.A. provides digital, mail, and lockers for customers through digital and physical channels in North America, Austria, Benelux, France, Germany, Ireland, Italy, Switzerland, and the United Kingdom, and internationally.
Market Cap
EUR 515.3M
Pitch Price
EUR 15.28
Price Target
20.86 (+43%)
Dividend
4.93%
EV/EBITDA
6.97
P/E
-6.98
EV/Sales
1.19
Sector
Technology Hardware, Storage and Peripherals
Category
turnaround
2x EBITDA, 2x ARR and a Strengthening Narrative - Quadient S.A.
QDT.PA: Quadient’s mix is improving as its digital business reaches €264m ARR with 12.9% annualized organic growth and it exits capital-hungry lockers, including the agreed €65m UK sale to Royal Mail’s parent. Headline €683m net debt overstates corporate leverage because roughly €440m funds leasing receivables; estimated corporate net debt is ~€240m. A conservative €20.86 SOTP implies 39.4% upside from €14.96, but depends on managing mail decline and lifting weak digital margins.
Read full article (11 min)