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Supplies automotive electronics, driver-assistance sensors, electrification and thermal systems to automakers.
Supplies automotive electronics, driver-assistance sensors, electrification and thermal systems to automakers.
Wins supply contracts before a car launches, then ships to the automaker for the life of the model, so revenue follows global car production and the content it fits per vehicle. Replacement parts sold for repairs through independent distributors add a steadier business apart from carmakers.
Moat: narrow (IP / patents, customer qualification, scale). Deep automotive-grade engineering and long OEM qualification cycles create sticky, multi-year supply contracts.
Headquarters: Paris, France · Founded: 1923 · Employees: 100,216
Size Valeo (FR.PA) is a France Consumer Discretionary company (Auto Parts: OEM) with a market value of $3.00B, the 87th largest of 206 France companies the cockpit tracks. Shares closed at €10.96 on 6 Nov 2026.
Performance Over six months the shares fell 14.6%, against -11.6% for the median peer and -0.4% for the France market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 2.0% over the last twelve months (peer median +8.9%); the operating margin is 4.5% (peer median 7.5%).
Valuation It trades at 7.3× forward earnings against a peer median of 22.7× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points above its cost of capital (7.4% WACC).
Credit Valeo has 6 bonds outstanding ($4.34B), rated BB by the agencies and trading like BB+ at a weighted spread of 167 bp.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €20.6B | €20.9B | €21.5B | €22.0B | €20.0B |
| Revenue growth | — | -3% | -3% | +10% | — |
| Gross profit | €3.18B | €3.13B | €3.11B | €3.13B | €2.62B |
| EBITDA | €3.00B | €2.93B | €2.76B | €2.51B | €2.25B |
| Net income | €201M | €200M | €162M | €221M | €230M |
| Free cash flow | €1.48B | €1.28B | €1.31B | €1.29B | €1.00B |
| Capital expenditure | €1.70B | €1.76B | €2.22B | €2.00B | €1.49B |
| Total debt | n/a | €6.44B | €6.93B | €6.99B | €7.28B |
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 |
|---|---|---|---|---|---|---|
| Valeo FR.PA | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% |
| Forvia FRVIA.PA | $1.93B | -20% | -32% | 5% | n/a | -8.3% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
| Denso 6902.T | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% |
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 | FR.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -4.7% | 3rd lowest of 21 |
| 6-month return | -14.6% | -11.6% | 9th lowest of 21 |
| Distance from 52-week high | -36.7% | -31.2% | 9th lowest of 21 |
| Revenue growth (TTM) | -2.0% | +8.9% | 4th lowest of 21 |
| Operating margin | 4.5% | 7.5% | 4th lowest of 21 |
| Forward P/E | 7.3× | 22.7× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -8.2% | 13.0% | least demanding of 16 |
| Growth delivered (Del g) | +4.9% | +11.5% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | -13.1 pp | +0.3 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +0.5 pp | -1.4 pp | 9th highest of 21 |
| EV / EBITDA | 2.4× | 14.0× | cheapest of 11 |
| Net debt / EBITDA | 1.3× | 0.3× | 4th most indebted of 11 |
| Bond spread | 167 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Valeo FR.PA | France | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% | +4.9% |
| Changzhou Xingyu Automotive Lighting Systems 601799.SS | China | $2.92B | -45% | +2% | 9% | 13.4× | -0.6% | +15.8% |
| Shanghai Daimay Automotive Interior 603730.SS | China | $2.90B | -18% | -2% | 13% | 22.7× | 13.0% | +10.3% |
| WuHu Foresight Technology 301529.SZ | China | $2.89B | +66% | +4% | 9% | 113.6× | 55.9% | +29.9% |
| NSK 6471.T | Japan | $2.87B | -27% | +26% | 5% | 12.9× | 1.9% | +4.0% |
| Sansera Engineering SANSERA.NS | India | $2.86B | +70% | +23% | 13% | 61.5× | n/a | n/a |
| Escorts Kubota ESCORTS.NS | India | $2.84B | -27% | +19% | 9% | 21.8× | 21.0% | +10.7% |
| NHK Spring 5991.T | Japan | $3.18B | -14% | +3% | 6% | 9.8× | 5.2% | +7.4% |
| Exide Industries EXIDEIND.NS | India | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% | +11.7% |
| TVS TVSHLTD.NS | India | $2.78B | -10% | +35% | 14% | n/a | n/a | n/a |
| ZF Commercial Vehicle Control Systems India ZFCVINDIA.NS | India | $2.76B | -5% | +9% | 13% | 44.2× | 31.9% | +17.3% |
| Motherson Sumi Wiring India MSUMI.NS | India | $2.75B | -9% | +36% | 7% | 32.1× | 30.0% | +23.8% |
| Anhui Zhongding Sealing Parts 000887.SZ | China | $3.32B | -3% | +9% | 8% | 15.1× | 3.8% | +11.4% |
| Sensteed Hi-Tech 000981.SZ | China | $3.36B | -42% | -15% | -39% | n/a | n/a | n/a |
| Shanghai Beite Technology 603009.SS | China | $2.64B | +11% | +9% | 7% | 114.7× | n/a | n/a |
| Zhejiang Wanfeng Auto Wheel 002085.SZ | China | $2.64B | -36% | -2% | 7% | 19.5× | 3.7% | +8.4% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 35.4× | n/a | n/a |
| CIE Automotive CIE.MC | Spain | $3.46B | -11% | +4% | 14% | 8.5× | -6.7% | +6.5% |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| Zhejiang Yinlun Machinery 002126.SZ | China | $3.53B | -39% | +28% | 7% | 23.0× | 14.6% | +19.9% |
| Aumovio AMV0.DE | Germany | $3.57B | -12% | -6% | -6% | n/a | 10.2% | n/a |
Valeo has 6 bonds outstanding with $4.34B face value. The agencies rate it BB; its bonds trade like BB+. Weighted yield 4.80%, a spread of 167 bp over government bonds.