Added to YB: 2026-06-22
Pitch date: 2026-06-19
ALVAP.PA [bullish]
Kumulus Vape S.A.
-15.32%
current return
Author Info
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Company Info
Kumulus Vape S.A., an e-merchant, sells and distributes vaping products and related products in France.
Market Cap
EUR 8.4M
Pitch Price
EUR 3.29
Price Target
4.07 (+46%)
Dividend
3.58%
EV/EBITDA
1.86
P/E
8.45
EV/Sales
0.09
Sector
Specialty Retail
Category
value
Kumulus Vape S.A., a tiny beauty being misjudged as ugly
ALVAP.PA: French vape nano-cap deep-value net-net at €2.93, €8.9M cap. Trades 0.72x NCAV (€4.07/sh) & 0.63x TBV (€4.63/sh), positive net cash €3M, zero LT debt, 37% insider ownership, pays divs. FY25 rev -5% to €57.5M, GM 14.3%. Q1'26 stabilizing; French Article 23 vape bill defeated Jan'26. ~39% upside to NCAV, M&A target. Risks: disposables shift, EU regs, Chinese imports.
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