Loading…
French media and publishing holding company spun off from Vivendi in 2024, controlling Lagardere's publishing, retail and press assets.
French media and publishing holding company spun off from Vivendi in 2024, controlling Lagardere's publishing, retail and press assets.
Earns from three very different engines: book sales through bookshops and online retailers, shop sales in airports and stations where it pays the operator a share of takings for the concession, and advertising and copy sales of magazines. Publishing is steadier, while travel retail rises and falls with passenger numbers.
In one line: A French holding version of a publishing conglomerate.
Moat: narrow (brand, scale, distribution). World-leading book publisher and airport retail concessions, but exposed to travel volumes and print-media decline.
Headquarters: Paris, France · Founded: 2024 · Employees: 33,957
Size Louis Hachette (ALHG.PA) is a France Industrials company (Miscellaneous) with a market value of $1.97B, the 105th largest of 206 France companies the cockpit tracks. Shares closed at €1.77 on 6 Nov 2026.
Performance Over six months the shares gained 11.9%, against -11.2% for the median peer and -0.4% for the France market (cap-weighted) — highest of 5 in its peer set.
Growth Revenue grew 3.0% over the last twelve months (peer median +12.6%); the operating margin is 4.1% (peer median 23.4%).
Valuation It trades at 12.1× forward earnings.
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +211%, so the hurdle is -212 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points below its cost of capital (5.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €9.67B | €9.62B | €9.23B | €979M | €320M |
| Revenue growth | — | +4% | +843% | +206% | — |
| Gross profit | €507M | €483M | €4.96B | €499M | €126M |
| EBITDA | €1.36B | €1.42B | €1.38B | €118M | €44.0M |
| Net income | €23.0M | €22.0M | €13.0M | €110M | €115M |
| Free cash flow | €1.00B | €980M | €863M | €147M | €20.0M |
| Capital expenditure | €263M | €277M | €295M | €58.0M | €3.00M |
| Total debt | n/a | €5.18B | €4.96B | €5.23B | €193M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Louis Hachette ALHG.PA | $1.97B | +12% | +3% | 4% | 12.1× | -1.2% |
| Avolta AVOL.SW | $8.03B | +8% | -1% | 7% | 13.8× | -1.6% |
| WH Smith SMWH.L | $851M | -10% | -31% | 8% | 11.0× | 9.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALHG.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | -1.9% | 3rd highest of 7 |
| 6-month return | +11.9% | -11.2% | highest of 5 |
| Distance from 52-week high | -7.8% | -30.5% | highest of 7 |
| Revenue growth (TTM) | +3.0% | +12.6% | 2nd lowest of 6 |
| Operating margin | 4.1% | 23.4% | 2nd lowest of 6 |
| Forward P/E | 12.1× | n/a | — |
| Growth the price implies (Req g, 7 yrs) | -1.2% | 18.2% | 2nd least demanding of 5 |
| Growth delivered (Del g) | +210.9% | +45.5% | highest of 5 |
| Hurdle (Req g minus delivered) | -212.2 pp | -37.7 pp | least demanding of 5 |
| ROIC minus cost of capital | -1.6 pp | -3.0 pp | 2nd highest of 5 |
| EV / EBITDA | 5.1× | 20.5× | 2nd cheapest of 6 |
| Net debt / EBITDA | 3.4× | 0.5× | 3rd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Louis Hachette ALHG.PA | France | $1.97B | +12% | +3% | 4% | 12.1× | -1.2% | +210.9% |
| Muninova 547A.T | Japan | $1.19B | -16% | +13% | 17% | 5.6× | n/a | n/a |
| Paratus Energy Services PLSV.OL | Norway | $833M | -6% | -58% | 23% | 11.4× | 15.9% | +3.8% |
| Queen's Road Capital Investment QRC.TO | Canada | $523M | -16% | +33% | 759% | n/a | 20.4% | +83.0% |
| Hanwha Machinery & Service 0220W0.KS | South Korea | $436M | n/a | n/a | n/a | n/a | n/a | n/a |
| Ashika Global Securities ASHIKAG.NS | India | $339M | -6% | +4,121% | 49% | n/a | 26.7% | +186.3% |
| SHEIN Global 0625.HK | Hong Kong | $22.0B | n/a | +8% | 4% | n/a | -4.8% | +7.9% |