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EXOSENS PROM (EXENS) Fair Value & Analysis

Industrials · FR · Market cap €2.8B · ISIN FR001400Q9V2

What is EXOSENS PROM really worth?

EP EXOSENS PROM EXENS · PA
Price€55.20
Fair Value€17.69
Upside−68.0%
Quality47/100

Below-average quality, and trading another 212% above our fair value of €17.69.

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Strengths

Healthy Growth (revenue 5y +25.6 %/yr)
Moderate debt · generates free cash flow

Risks

!Thin margins · 9.1% net margin
!Trails peers (5/14)
!Moderate moat 62/100
!Weak on dividend: 11 out of 100

For context

·0.54% dividend yield
Evidence: High Range €10.98 – €22.11

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −12.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€22.11). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€10.98 to €22.11) leaves room in how you read the outcome.

Price vs Fair Value (2 years)

€72.57 €16.97 Fair Value €17.69 Jun 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

27‑month range €16.97 – €72.57 · fair‑value band €10.98 – €22.11 · the €55.20 price screens above the €17.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

EXOSENS PROM (EXENS) currently trades at €55.20, while our model-based Fair Value estimate is €17.69, implying the stock looks roughly 212.0% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of €27.19 per share, and 0 of the 26 models we run sit above the €55.20 price. Bear case: the Asset-Based group reads lowest at €5.89, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, EXOSENS PROM generated revenue of €468M at a net margin of 9.1%. Revenue grew 20.1% year over year. It earns a return on equity of 16.4%. Net debt stands at €211M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €10.98 (bear case) to €22.11 (bull case); at €55.20, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 25% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −68%, EXENS screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.2504 per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence €7.49 €8.23 €12.04 76
FCF DCF €11.65 €19.86 €45.47 74
EPV €11.54 €13.92 €15.98 74
All 26 models by family
DCF Models
FCF DCF €11.65 €19.86 €45.47 74
Owner Earnings €5.96 €17.53 €40.94 69
5Y Revenue Exit €9.99 €20.17 €41.49 68
5Y EBITDA Exit €20.97 €42.35 €84.38 70
5Y P/E Exit €10.58 €27.54 €50.57 66
10Y Revenue Exit €10.19 €27.15 €38.10 65
10Y EBITDA Exit €18.52 €50.23 €107.00 62
10Y P/E Exit €11.12 €28.38 €56.56 59
Earnings-Based
Graham-Dodd €5.73 €39.94 €56.05 63
Lynch FV €14.85 €21.22 €27.58 61
PEG = 1.0 €14.85 €21.22 €27.58 57
EPV €11.54 €13.92 €15.98 74
Dividend Discount
Gordon GGM €0.8800 €1.76 €2.67 66
DDM Multi-Stage €0.8800 €1.52 €1.86 67
Multiples
P/E Multiple €13.27 €17.69 €22.11 63
P/S Multiple €10.74 €14.32 €17.90 58
P/B Multiple €10.74 €14.32 €17.90 55
EV/EBIT €22.14 €30.71 €39.28 66
EV/EBITDA €23.77 €32.88 €41.99 67
EV/Revenue €8.07 €13.06 €18.05 53
Asset-Based
NCAV (Graham) €4.40 €5.89 €8.79 54
Growth DCF
Growth DCF €10.73 €22.13 €44.43 73
Rev-Margin DCF €10.02 €23.57 €48.98 67
Economic Profit
Residual Income best evidence €7.49 €8.23 €12.04 76
ROIC Compounder €14.17 €21.23 €26.97 71
Growth Earnings
Growth-Adj P/E €19.03 €27.19 €35.35 67

Widest divergence: Growth Earnings (€27.19) versus Dividend Discount (€1.52). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 82.4
P/S ratio 7.51 P/E × margin
EPS (TTM) €0.6700 price ÷ EPS = P/E 82.4
Dividend yield 0.5% payout 44.8%
Net margin 9.1% FY2025
Return on equity 16.4% TTM
More key figures
Profitability
Return on assets (EBIT) 8.4% avg 5y
Operating margin 22.2% TTM
Growth
Revenue (TTM) €468M TTM
Revenue growth (YoY) +20.1% 3y avg +32.6%
Balance sheet & cash flow
Free cash flow €48.5M FY2025
Net debt €211M FY2025 · ≈ 4.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 56

Profitability 37
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 39
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Exosens, together with its subsidiaries, develops, manufactures, and sells electro-optical technologies in France, Europe, North America, Asia, and internationally. It operates in two segments, Amplification and Detection and Imaging.

Full company description

Exosens, together with its subsidiaries, develops, manufactures, and sells electro-optical technologies in France, Europe, North America, Asia, and internationally. It operates in two segments, Amplification and Detection and Imaging. The company offers image intensifier tubes; cameras, sensors, modules and cores, and imaging systems and solutions, including UV missile warning solution, atmospheric sounder, and spectroradiometer; and detection and imaging products for ions and electrons, photons, and neutrons, as well as micro pore optics and components, such as phosphor screens, resistive glass products, microchannel plates, and electron generator arrays. It also provides bare and energy compensated Geiger- Müller tubes; gamma and neutron detectors; mineral insulated extensions; and silicon photodiodes, as well as methane airborne detection solutions. The company sells its products under the Exosens, Photonis, Xenics, Telops, El-Mul, and Noxant brand names. It serves defense and surveillance, life sciences and environment, industrial control, and nuclear markets. The company was founded in 1937 and is headquartered in Mérignac, France.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EXOSENS PROM reported revenue of €468M in FY2025 versus €166M in FY2021, a compound +29.6%/yr. Reported net income was €42.7M in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€468M
Latest YoY
+18.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.6%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years, EBIT basis) plus dividend yield: value created per share and year.
+24.5% (24.0 + 0.5)
Revenue +29.6%/yr
FY21 €166M
FY22 €201M
FY23 €319M
FY24 €394M
FY25 €468M
Net income
FY21 −€149M
FY22 €11.2M
FY23 €17.1M
FY24 €30.7M
FY25 €42.7M

EXENS screens 212% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "EXOSENS PROM Fair Value". https://www.fairvalue-calculator.com/stock/EXENS

Peer Group

Electrical Equipment & Parts · 542 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside −68% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 22% · Top 25%
Revenue growth 20% · Above median
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.56× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 82.4× · Pricier than 75% of peers
P/B 7.39× · Pricier than 75% of peers
P/S (TTM) 7.04× · Pricier than 75% of peers
P/FCF 67.9× · Pricier than 75% of peers
EV/EBITDA 27.0× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 56
PAST65 · sector 26
HEALTH72 · sector 97
DIVIDEND11 · sector 23

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
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Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 −46%

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Frequently asked questions

Is EXOSENS PROM (EXENS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €17.69 versus a price of €55.20, about −68% upside (overvalued).
What is the fair value of EXENS?
Our model-based fair value for EXOSENS PROM is €17.69 (as of Aug 13, 2026), built from audited fundamentals. The current price: €55.20.
What is the quality score of EXENS?
EXOSENS PROM has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of EXOSENS PROM (EXENS)?
EXOSENS PROM reported trailing-twelve-month revenue of about €468M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EXENS?
The net profit margin of EXOSENS PROM is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does EXOSENS PROM pay a dividend?
EXOSENS PROM currently shows a dividend yield of about 0.54% relative to its recent price (as of Aug 13, 2026).
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