Added to YB: 2026-06-04
Pitch date: 2026-06-01
AKW.PA [neutral]
Akwel SA
+0.57%
current return
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
Company Info
Akwel SA manufactures and sells automotive and heavy goods vehicle components in Europe, the Middle East, Africa, the United States, and Asia.
Market Cap
EUR 186.3M
Pitch Price
EUR 6.98
Price Target
19.60 (+179%)
Dividend
4.27%
EV/EBITDA
0.96
P/E
11.51
EV/Sales
0.09
Sector
Automobile Components
Category
value
Akwel (AKW) – A French Family-Controlled Net-Net at c. 1x EBITDA Facing Strong Automotive Headwinds
AKW.PA: French family-controlled (68% cap/80% votes) auto fluid supplier at 0.34x P/TB, 0.72x P/NCAV, ~1x EBITDA. Net cash €144m (€5.2/sh), cash-adj P/TB 0.14x. Headwinds: SCR/diesel decline (sales -12-15% in 2026), customer concentration. Normalization to 6% EBIT + re-rate = 141-173% upside, 34-38% CAGR by 2028. 4.2% yield, hidden RE value. Author owns.
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