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French group operating temperature-controlled trucking, warehousing and logistics for food and perishable products across Europe.
French group operating temperature-controlled trucking, warehousing and logistics for food and perishable products across Europe.
Charges customers for moving and storing chilled and frozen goods, mostly under multi-year contracts with food makers and supermarket chains, so volumes are steady and follow food consumption more than the economy. Its network is concentrated in France, with sites also across southern Europe.
In one line: A European Americold logistics combo, focused on cold-chain.
Moat: narrow (scale, installed base, switching costs). Dense refrigerated network and long-term retailer contracts across France/Iberia/Italy give scale edge in a niche logistics segment.
Headquarters: Paris, France · Founded: 1920 · Employees: 26,019
Size STEF (STF.PA) is a France Industrials company (Trucking) with a market value of $1.79B, the 112th largest of 206 France companies the cockpit tracks. Shares closed at €130.20 on 6 Nov 2026.
Performance Over six months the shares gained 11.7%, against -8.6% for the median peer and -0.4% for the France market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +6.5%); the operating margin is 3.9% (peer median 5.1%).
Valuation It trades at 11.0× forward earnings against a peer median of 15.2× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points below its cost of capital (7.1% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.33B | €5.12B | €4.80B | €4.44B | €4.16B |
| Revenue growth | — | +7% | +8% | +7% | — |
| Gross profit | €904M | €854M | €795M | €716M | €698M |
| EBITDA | €483M | €415M | €455M | €448M | €419M |
| Net income | €124M | €84.3M | €149M | €175M | €178M |
| Free cash flow | €68.4M | €5.52M | €49.5M | €29.8M | €44.5M |
| Capital expenditure | €295M | €307M | €355M | €336M | €225M |
| Total debt | n/a | €1.65B | €1.43B | €1.19B | €1.16B |
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 |
|---|---|---|---|---|---|---|
| STEF STF.PA | $1.79B | +12% | +8% | 4% | 11.0× | 7.1% |
| Americold Realty Trust COLD | $4.57B | +8% | 0% | 6% | n/a | n/a |
| Kuehne & Nagel International KNIN.SW | $34.3B | +35% | +1% | 5% | 25.4× | 3.2% |
| Deutsche Post DHL.DE | $72.8B | +21% | +1% | 8% | 16.0× | 3.3% |
| XPO XPO | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% |
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 | STF.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | -3.1% | 3rd highest of 21 |
| 6-month return | +11.7% | -8.6% | 5th highest of 21 |
| Distance from 52-week high | -5.9% | -33.1% | 3rd highest of 21 |
| Revenue growth (TTM) | +7.7% | +6.5% | 9th highest of 21 |
| Operating margin | 3.9% | 5.1% | 9th lowest of 21 |
| Forward P/E | 11.0× | 15.2× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 7.1% | 5.1% | 6th most demanding of 16 |
| Growth delivered (Del g) | +10.2% | +4.5% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | -3.2 pp | +3.0 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | -1.9 pp | -0.5 pp | 9th lowest of 21 |
| EV / EBITDA | 6.6× | 8.9× | 5th cheapest of 16 |
| Net debt / EBITDA | 3.3× | 0.7× | 2nd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| STEF STF.PA | France | $1.79B | +12% | +8% | 4% | 11.0× | 7.1% | +10.2% |
| Werner Enterprises WERN | United States | $1.62B | -26% | +15% | 2% | 18.8× | n/a | n/a |
| Mullen MTL.TO | Canada | $1.98B | +36% | +12% | 9% | 18.2× | 6.5% | +12.9% |
| Seino 9076.T | Japan | $2.48B | +9% | +7% | 5% | 14.5× | -3.2% | +6.5% |
| ArcBest ARCB | United States | $2.86B | +6% | +8% | 3% | 13.6× | 16.5% | +6.4% |
| NTG Nordic Transport Group A/S NTG.CO | Denmark | $1.09B | +71% | +16% | 5% | 20.6× | -0.4% | +16.4% |
| NIKKON 9072.T | Japan | $3.25B | -19% | +7% | 9% | 26.9× | 12.0% | +8.1% |
| Marten Transport MRTN | United States | $959M | -25% | -5% | 1% | 27.1× | n/a | n/a |
| Logwin TGHN.DE | Germany | $942M | +5% | -6% | 5% | 15.2× | -16.0% | +3.9% |
| Maruzen Showa Unyu 9068.T | Japan | $922M | -15% | +3% | 10% | 10.5× | -7.4% | +4.2% |
| Fujian Highton Development 603162.SS | China | $3.60B | +3% | +72% | 17% | 11.4× | 3.8% | +45.6% |
| Shanghai Juss Sports and Entertainment 600676.SS | China | $802M | -36% | -14% | -15% | n/a | 5.1% | -11.0% |
| Covenant Logistics CVLG | United States | $801M | -5% | +12% | 1% | 12.3× | n/a | n/a |
| Sakai Moving Service 9039.T | Japan | $785M | +2% | +4% | 10% | 13.7× | -11.2% | +4.5% |
| Heartland Express HTLD | United States | $780M | -24% | -17% | -6% | 28.2× | n/a | n/a |
| Fulongma 603686.SS | China | $743M | -37% | +6% | 6% | 27.8× | 2.4% | -2.0% |
| Shibusawa Logistics 9304.T | Japan | $723M | +48% | +2% | 5% | n/a | 16.9% | +4.1% |
| Universal Logistics ULH | United States | $715M | +108% | -7% | 4% | 13.9× | n/a | n/a |
| Shanghai Jin Jiang Online Network Service 600650.SS | China | $705M | -14% | -19% | -2% | n/a | 5.6% | -10.8% |
| Transport Corporation of India TCI.NS | India | $700M | -12% | +12% | 8% | 14.2× | 14.9% | +11.9% |
| Landstar System LSTR | United States | $4.83B | -22% | +11% | 4% | 19.8× | 12.0% | +2.8% |