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← CockpitCompetitor Analysis › FGA.PA Figeac Aero SAOpen in the cockpit ↗

Figeac Aero SAFGA.PACompetitor analysis, valuation and peers

France · EUR·Industrials›Aerospace & Defense
Momentum neutral 43
Mkt cap
$506M
US dollars, full cap
Free float
24%
of shares outstanding
$/day
$213,577
20-day average traded
Fwd P/E
20.5×
forward earnings
ROIC−WACC
-0.9 pp
WACC 7.2%
Hurdle
-4 pp
Req g minus delivered
Next earnings
32 days
8 Dec 2026
Close · EUR€10.28
1D+2.8%
1W+2.4%
1M-3.6%
3M-9.3%
6M-3.0%
YTD-6.5%
1Y-13.6%
ATR %3.4%
52w lowhigh19.7% off high

What Figeac Aero does

Employees: 3,807

Figeac Aero at a glance

Size Figeac Aero (FGA.PA) is a France Industrials company (Aerospace & Defense) with a market value of $506M, the 176th largest of 206 France companies the cockpit tracks. Shares closed at €10.28 on 6 Nov 2026.

Performance Over six months the shares fell 3.0%, against -30.4% for the median peer and -0.4% for the France market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 12.6% over the last twelve months (peer median +5.2%); the operating margin is 6.0% (peer median -3.7%).

Valuation It trades at 20.5× forward earnings against a peer median of 21.2× (5th cheapest of 12).

Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -4 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.9 points below its cost of capital (7.2% WACC).

Next results Next results expected around 8 Dec 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026FGA.PA 96Peer median 68
Six months, rebased to 100: Figeac Aero against the median of its 20 peers (local-currency closes).

Figeac Aero financials

Reported figures in EUR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€487M€487M€432M€397M€342M
Revenue growth—+13%+9%+16%—
Gross profit€20.9M€20.9M€23.4M€465,000-€17.0M
EBITDA€78.0M€78.0M€69.5M€49.8M€48.5M
Net income€916,000€916,000€3.60M-€12.2M-€18.1M
Free cash flow€10.7M€10.7M€19.2M€7.62M-€27.5M
Capital expenditure€52.6M€52.6M€41.1M€49.4M€50.5M
Total debtn/a€380M€354M€382M€407M

Quarterly statements and history in the cockpit →

Figeac Aero competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-20%0%6946PKE7721TATTSATL603261688282SPCE002933688685300719688070EVEX600990300397IDEAFORGEMSI300696FGA.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Figeac Aero is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%50×100×6946PKE7721TATT688685688070600990300397IDEAFORGE300696FGA.PARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Figeac Aero is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%PKETATT6009907224MSIIAFGA.PAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Figeac Aero is the large dot.

Figeac Aero competitors and peer comparison

How Figeac Aero compares with its peers

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.

Figeac Aero against its 20 peers (data as of 6 Nov 2026)
MeasureFGA.PAPeer medianRank in peer set
1-month return-3.6%-9.4%5th highest of 21
6-month return-3.0%-30.4%3rd highest of 20
Distance from 52-week high-19.7%-48.5%2nd highest of 21
Revenue growth (TTM)+12.6%+5.2%9th highest of 20
Operating margin6.0%-3.7%9th highest of 20
Forward P/E20.5×21.2×5th cheapest of 12
Growth the price implies (Req g, 7 yrs)14.7%3.7%3rd most demanding of 7
Growth delivered (Del g)+18.9%+11.5%2nd highest of 7
Hurdle (Req g minus delivered)-4.3 pp-8.4 pp3rd most demanding of 7
ROIC minus cost of capital-0.9 pp-5.1 pp7th highest of 19
EV / EBITDA9.2×13.2×2nd cheapest of 7
Net debt / EBITDA3.4×-0.2×2nd most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Figeac Aero FGA.PAFrance$506M-3%+13%6%20.5×14.7%+18.9%
Nippon Avionics 6946.TJapan$505M-26%+45%21%12.8×n/an/a
Park Aerospace PKEUnited States$515M-30%+28%21%31.2×4.8%+9.6%
Tokyo Keiki 7721.TJapan$494M-37%+5%9%14.1×n/an/a
TAT Technologies TATTUnited States$481M+2%+14%11%20.6×16.8%+18.8%
Satellogic SATLUnited States$535M-54%+369%-67%n/an/an/a
Chengdu Lihang Technology 603261.SSChina$458M+19%+35%-52%n/an/an/a
Beijing Navigation Control Technology 688282.SSChina$564M-42%-4%-26%n/an/an/a
Virgin Galactic SPCEUnited States$420M-6%-39%-24,588%n/an/an/a
Beijing Emerging Eastern Aviation Equipment 002933.SZChina$420M-20%-6%6%n/an/an/a
Jiangsu Maixinlin Aviation Science and Technology 688685.SSChina$620M-42%-36%-18%21.2×n/an/a
Beijing Andawell Science & Technology 300719.SZChina$400M-32%-3%-4%n/an/an/a
Chengdu Jouav Automation Tech 688070.SSChina$399M-34%+5%2%17.6×n/an/a
Eve EVEXUnited States$645M-43%n/an/an/an/an/a
Sun-Create Electronics 600990.SSChina$669M-28%-13%-30%57.1×35.7%-15.1%
Xi'An Tian He Defense Technology 300397.SZChina$713M-28%+69%-5%31.7×n/an/a
Shinmaywa Industries,Ltd 7224.TJapan$721M-32%+12%6%n/a-5.6%+6.4%
Ideaforge Technology IDEAFORGE.NSIndia$353M-15%+221%-8%101.5×n/an/a
MS International MSI.LUnited Kingdom$350M-8%-2%13%n/a-7.8%+13.3%
Chengdu ALD Aviation Manufacturing 300696.SZChina$733M-58%-18%-12%79.0×n/an/a
Innovative Solutions and Support IAUnited States$348Mn/a+20%27%18.8×2.6%+31.3%

Questions

Which companies are Figeac Aero's closest peers?
The cockpit's peer set: Nippon Avionics (6946.T), Park Aerospace (PKE), Tokyo Keiki (7721.T), TAT Technologies (TATT), Satellogic (SATL), Chengdu Lihang Technology (603261.SS), Beijing Navigation Control Technology (688282.SS), Virgin Galactic (SPCE).
Is Figeac Aero expensive compared with its peers?
On forward p/e it trades at 20.5× against a peer median of 21.2×, 5th cheapest of 12 in its peer set. For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -4 pp: the price already allows for a slowdown.
How has Figeac Aero stock performed?
Over six months to 6 Nov 2026 the shares returned -3.0% against -30.4% for the median peer; over one year -13.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.