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Oeneo SASBT.PACompetitor analysis, valuation and peers

France · EUR·Materials›Containers/Packaging
Momentum neutral 58
Mkt cap
$617M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$22,643
20-day average traded
Fwd P/E
25.4×
forward earnings
ROIC−WACC
+1.5 pp
WACC 6.2%
Hurdle
+1 pp
Req g minus delivered
Next earnings
27 days
3 Dec 2026
Close · EUR€8.78
1D-0.5%
1W-0.7%
1M+0.5%
3M-3.3%
6M-0.7%
YTD-5.2%
1Y-5.0%
ATR %1.6%
52w lowhigh7.4% off high

What Oeneo does

Employees: 1,066

Oeneo at a glance

Size Oeneo (SBT.PA) is a France Materials company (Containers/Packaging) with a market value of $617M, the 163rd largest of 206 France companies the cockpit tracks. Shares closed at €8.78 on 6 Nov 2026.

Performance Over six months the shares fell 0.7%, against -15.5% for the median peer and -0.4% for the France market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue fell 9.7% over the last twelve months (peer median +2.8%); the operating margin is 13.8% (peer median 5.6%).

Valuation It trades at 25.4× forward earnings against a peer median of 18.2× (3rd most expensive of 13).

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 0%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.5 points above its cost of capital (6.2% WACC).

Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026SBT.PA 99Peer median 86
Six months, rebased to 100: Oeneo against the median of its 20 peers (local-currency closes).

Oeneo financials

Reported figures in EUR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€275M€275M€305M€306M€348M
Revenue growth—-10%0%-12%—
Gross profit€74.4M€74.4M€84.6M€82.5M€53.8M
EBITDA€58.4M€58.4M€65.8M€62.0M€72.5M
Net income€26.8M€26.8M€29.8M€28.9M€41.2M
Free cash flow€40.5M€40.5M€33.3M€24.7M€20.6M
Capital expenditure€23.5M€23.5M€15.1M€21.5M€19.3M
Total debtn/a€107M€96.5M€105M€60.1M

Quarterly statements and history in the cockpit →

Oeneo 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

0%+50%-20%-10%0%ZV75043011932519705122688683002522KRT603499990739503015953005660022280613688680002735EPL301501SBT.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Oeneo is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%20×40×60×80×ZV7504251970KRT9907301595300566002735688299EPL301501SBT.PARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Oeneo is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%-10%0%10%20%ZV251970002522KRT60349999073950300566688680688299EPLSBT.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. Oeneo is the large dot.

Oeneo competitors and peer comparison

How Oeneo 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.

Oeneo against its 20 peers (data as of 6 Nov 2026)
MeasureSBT.PAPeer medianRank in peer set
1-month return+0.5%-8.1%4th highest of 21
6-month return-0.7%-15.5%7th highest of 21
Distance from 52-week high-7.4%-42.4%4th highest of 21
Revenue growth (TTM)-9.7%+2.8%5th lowest of 21
Operating margin13.8%5.6%3rd highest of 21
Forward P/E25.4×18.2×3rd most expensive of 13
Growth the price implies (Req g, 7 yrs)1.0%12.7%5th least demanding of 12
Growth delivered (Del g)+0.2%+8.4%2nd lowest of 12
Hurdle (Req g minus delivered)+0.8 pp+5.0 pp6th least demanding of 12
ROIC minus cost of capital+1.5 pp+0.7 pp7th highest of 21
EV / EBITDA10.4×8.5×5th most expensive of 10
Net debt / EBITDA1.0×0.0×4th most indebted of 11

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
Oeneo SBT.PAFrance$617M-1%-10%14%25.4×1.0%+0.2%
Zignago Vetro ZV.MIItaly$628M-10%0%8%16.8×12.7%+7.7%
Kohsoku 7504.TJapan$629M+75%+8%4%21.6×n/an/a
Ningbo Homelink Eco-iTech 301193.SZChina$602M-38%+44%-4%n/an/an/a
Pum-tech Korea 251970.KSSouth Korea$642M+70%+3%15%15.0×-4.2%+13.6%
Okamoto Industries 5122.TJapan$648M+6%0%6%n/an/an/a
GuangDong Leary New Material Technology 688683.SSChina$586M-45%+83%5%n/an/an/a
Zhejiang Zhongcheng Packing Material 002522.SZChina$658M-24%+4%5%n/a14.5%+2.1%
Karat Packaging KRTUnited States$669M+19%+12%13%20.5×-2.4%+9.6%
Shanghai Sunglow Packaging Technology 603499.SSChina$669M-29%+9%10%n/a24.1%+16.4%
Ton Yi Industrial 9907.TWTaiwan$678M-19%-11%4%16.9×-6.3%+8.8%
Pack 3950.TJapan$550M+13%+4%7%n/a-8.4%+5.6%
Guangdong Taili Technology 301595.SZChina$536M-12%+2%3%74.4×n/an/a
Ningbo Exciton Technology 300566.SZChina$730M-2%-2%9%17.9×8.4%+8.4%
Xiamen Hexing Packaging Printing 002228.SZChina$520M-25%+2%1%15.4×n/an/a
Planetree International Development 0613.HKHong Kong$733M+151%-62%1,735%n/an/an/a
Shanghai HIUV New Materials 688680.SSChina$518M-28%-34%-29%n/a25.4%-4.7%
Shenzhen Prince New Materials 002735.SZChina$514M-34%+2%-8%79.7×n/an/a
Ningbo Solartron Technology 688299.SSChina$507M-34%-15%-11%20.5×16.7%+0.9%
EPL EPL.NSIndia$752M-6%+17%12%15.7×16.0%+8.8%
Hefei Hengxin Life Science and Technology 301501.SZChina$499M-29%+16%8%18.5×n/an/a

Questions

Which companies are Oeneo's closest peers?
The cockpit's peer set: Zignago Vetro (ZV.MI), Kohsoku (7504.T), Ningbo Homelink Eco-iTech (301193.SZ), Pum-tech Korea (251970.KS), Okamoto Industries (5122.T), GuangDong Leary New Material Technology (688683.SS), Zhejiang Zhongcheng Packing Material (002522.SZ), Karat Packaging (KRT).
Is Oeneo expensive compared with its peers?
On forward p/e it trades at 25.4× against a peer median of 18.2×, 3rd most expensive of 13 in its peer set. For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Oeneo stock performed?
Over six months to 6 Nov 2026 the shares returned -0.7% against -15.5% for the median peer; over one year -5.0%.

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.