Professional
Added to YB: 2026-06-05
Pitch date: 2026-06-03
LBIRD.PA [neutral]
Lumibird SA
+0.59%
current return
Author Info
Norbury Capital manages a concentrated Europe-focused investment fund, focused on entrepreneurial small and midcap companies. Sign up for the newsletter.
Company Info
Lumibird SA designs, manufactures, and sells various lasers for scientific, industrial, and medical applications in France, Hong Kong, the United States, Germany, South Korea, China, and Austria.
Market Cap
EUR 575.9M
Pitch Price
EUR 25.35
Price Target
51.40 (+97%)
Dividend
N/A
EV/EBITDA
18.46
P/E
41.04
EV/Sales
2.89
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
Norbury Capital Portfolio Holding: Lumibird SA
LBIRD.PA (holding update): French small-cap (~€650m EV) laser maker led by founder/majority owner. Selling medical eye-treatment div (~€300m, ~15x precedent). Remaining photonics div exposed to defense (exclusive laser supplier for Rheinmetall Skyranger anti-drone), semi (new Japanese contract), space. Sees >€250m rev & >€60m EBIT in 2-3yrs, ~6x 2028E EBIT ex-medical. Shares could double. Risks: illiquidity, sale process may fail.
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