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Sword Group SESWP.PACompetitor analysis, valuation and peers

France · EUR·Information Technology›Information Technology Services
Momentum leader 82
Mkt cap
$360M
US dollars, full cap
Free float
61%
of shares outstanding
$/day
$420,779
20-day average traded
Fwd P/E
12.0×
forward earnings
ROIC−WACC
+8.4 pp
WACC 8.2%
Hurdle
-11 pp
Req g minus delivered
Official | Implied
B+ / BB
agencies · bond market
Next earnings
124 days
10 Mar 2027
Close · EUR€33.65
1D-3.4%
1W-0.4%
1M+16.0%
3M+5.3%
6M+4.3%
YTD-6.3%
1Y-5.9%
ATR %2.8%
52w lowhigh15.2% off high

What Sword does

Employees: 3,610

Sword at a glance

Size Sword (SWP.PA) is a France Information Technology company (Information Technology Services) with a market value of $360M, the 196th largest of 206 France companies the cockpit tracks. Shares closed at €33.65 on 6 Nov 2026.

Performance Over six months the shares gained 4.3%, against -16.6% for the median peer and -0.4% for the France market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 8.1% over the last twelve months (peer median +7.9%); the operating margin is 8.8% (peer median 1.5%).

Valuation It trades at 12.0× forward earnings against a peer median of 14.7× (5th cheapest of 13).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -11 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 8.4 points above its cost of capital (8.2% WACC).

Credit Sword has 2 bonds outstanding ($1.08B), rated B+ by the agencies and trading like BB at a weighted spread of 416 bp.

Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026SWP.PA 105Peer median 82
Six months, rebased to 100: Sword against the median of its 20 peers (local-currency closes).

Sword financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€370M€358M€323M€288M€272M
Revenue growth—+11%+12%+6%—
Gross profit€40.2M€39.4M€29.9M€26.8M€27.0M
EBITDA€44.3M€42.9M€38.8M€34.9M€35.1M
Net income€21.4M€19.0M€21.8M€22.8M€110M
Free cash flow€35.7M€18.6M€19.4M€19.3M€12.7M
Capital expenditure€4.72M€4.49M€4.15M€2.89M€6.03M
Total debtn/a€103M€67.3M€47.4M€31.2M

Quarterly statements and history in the cockpit →

Sword 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

-40%-20%0%+20%-10%0%+10%TLS385438174832301208301378300578ALIT6533AURIONPRORSYSTEMS6885002158CINT81573371002248CARL300051NCCSWP.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Sword is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×50×100×TLS38543817300578ALIT6533AURIONPRORSYSTEMS2158CINT300051NCCSWP.PARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sword is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%TLS385438174832ALIT6533RSYSTEMS2158CINT81573371002248SWP.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. Sword is the large dot.

Sword competitors and peer comparison

How Sword 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.

Sword against its 20 peers (data as of 6 Nov 2026)
MeasureSWP.PAPeer medianRank in peer set
1-month return+16.0%-2.5%2nd highest of 21
6-month return+4.3%-16.6%6th highest of 21
Distance from 52-week high-15.2%-43.6%3rd highest of 21
Revenue growth (TTM)+8.1%+7.9%11th highest of 21
Operating margin8.8%1.5%8th highest of 21
Forward P/E12.0×14.7×5th cheapest of 13
Growth the price implies (Req g, 7 yrs)-0.1%-4.1%6th most demanding of 14
Growth delivered (Del g)+11.0%+6.2%4th highest of 14
Hurdle (Req g minus delivered)-11.1 pp-2.7 pp6th least demanding of 14
ROIC minus cost of capital+8.4 pp-8.3 pp7th highest of 21
EV / EBITDA9.0×6.0×4th most expensive of 10
Net debt / EBITDA1.7×-0.7×3rd most indebted of 11
Bond spread416 bpn/a—

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
Sword SWP.PAFrance$360M+4%+8%9%12.0×-0.1%+11.0%
Telos TLSUnited States$360M+8%+66%-2%38.1×-2.3%-1.7%
I'LL 3854.TJapan$357M-6%+8%27%15.5×-11.5%+9.6%
SRA 3817.TJapan$352M0%-5%16%10.3×-20.2%+6.2%
JFE Systems 4832.TJapan$369M-2%-14%11%n/a-19.0%+4.3%
ChinaEtek Service and Technology 301208.SZChina$369M-25%+47%3%n/an/an/a
Nanjing TDH Technology 301378.SZChina$347M-26%-2%-39%n/an/an/a
BizConf Technology 300578.SZChina$373M-41%-3%-13%97.8×n/an/a
Alight ALITUnited States$347M-31%-4%0%3.4×29.4%-3.7%
Andes Technology 6533.TWTaiwan$343M-12%+26%-21%61.3×24.6%+20.5%
Aurionpro Solutions AURIONPRO.NSIndia$338M-33%+12%15%13.8×n/an/a
R Systems International RSYSTEMS.NSIndia$336M-11%+24%13%13.6×14.7%+17.3%
HCR 688500.SSChina$391M-28%+5%-17%n/an/an/a
Yidu Tech 2158.HKHong Kong$392M-53%+17%-11%30.6×2.9%-1.9%
CI&T CINTUnited States$394M-21%+20%11%7.6×-4.4%+21.4%
Tsuzuki Denki 8157.TJapan$395M+9%+8%7%n/a-9.2%-2.9%
Softcreate 3371.TJapan$328M+9%+12%18%n/a-12.5%+7.2%
Weihai Huadong Automation 002248.SZChina$396M-34%+1%8%n/a36.8%+10.1%
Carlsmed CARLUnited States$396M+48%+65%-61%n/an/an/a
Lians Technology 300051.SZChina$399M-57%-50%-114%7.6×n/an/a
NCC NCC.LUnited Kingdom$324M+18%-38%-10%28.9×-4.1%-2.0%

Sword bonds and credit

Sword has 2 bonds outstanding with $1.08B face value. The agencies rate it B+; its bonds trade like BB. Weighted yield 7.89%, a spread of 416 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Sword's closest peers?
The cockpit's peer set: Telos (TLS), I'LL (3854.T), SRA (3817.T), JFE Systems (4832.T), ChinaEtek Service and Technology (301208.SZ), Nanjing TDH Technology (301378.SZ), BizConf Technology (300578.SZ), Alight (ALIT).
Is Sword expensive compared with its peers?
On forward p/e it trades at 12.0× against a peer median of 14.7×, 5th cheapest of 13 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -11 pp: the price already allows for a slowdown.
How has Sword stock performed?
Over six months to 6 Nov 2026 the shares returned +4.3% against -16.6% for the median peer; over one year -5.9%.

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.