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Stock Bourse Direct S.A. BSD.PA

Bourse Direct S.A. — Investlytic score 4/5 on the five criteria.

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80/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 4/5 criteria met. Data as of 04/11/2026.

  • ✅ Price trend passed
  • ✅ Growth passed
  • ❌ Debt failed
  • ✅ P/E passed
  • ✅ Correction passed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: 15.58%

Price change 2019 → 2020: 155.65%

Price change 2020 → 2021: -7.48%

Price change 2021 → 2022: 25.74%

Price change 2022 → 2023: 53.80%

Price change 2023 → 2024: -17.30%

Price change 2024 → 2025: 1.38%

Price change 2025 → 2026: 19.73%

Price change 2026 (year to date): 17.33%

Financial growth

Revenue CAGR (8 years): 12.81%

Earnings CAGR (8 years): 35.72%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.60

Debt/equity > 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 12.45

P/E < 25.0 (maximum threshold).

Correction (6 months)

Current correction: 10.81% from the high over 6 months.

Correction between 10.0% and 20.0% (target range).

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Criteria of the Investlytic model

- / 5
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Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

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StockP/EDette/FPRevenue growthRating
Bourse Direct S.A.11.70.59+8.3 %🔒
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Casa Inc.–0.09+6.0 %–
Crypto Blockchain Industries–27.88+31.0 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Bourse Direct S.A. over the latest fiscal years.

Revenue
86.3 m USD
fiscal year 2025
Net income
22.0 m USD
fiscal year 2025
Net margin
25.5 %
fiscal year 2025
Average annual growth
+11.5 %
Revenue growth over 5 years
Average annual growth
+7.6 %
Revenue growth over 10 years
Market cap
306 m USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
202050.2 m6.8 m13.6 %n/a
202152.0 m8.0 m15.4 %+3.5 %
202254.2 m6.4 m11.7 %+4.3 %
202374.3 m17.8 m24.0 %+37.1 %
202485.4 m21.4 m25.1 %+15.0 %
202586.3 m22.0 m25.5 %+1.1 %

Amounts converted to USD. Source: published annual accounts, collected on 30/10/2026.

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Accounts and financial health

Balance sheet and cash flow published by Bourse Direct S.A. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
solid accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
n/a
not applicable to banks and insurance
Piotroski Score
7 / 9
7 to 9: solid accounts
DCF Value
8.32 EUR
DCF above share price · share price 5.30 EUR, gap +57.1 %
Net Debt / EBITDA
-2.75 x
net cash
Fiscal year20212022202320242025
Cash and investments313 m231 m158 m53.9 m223 m
Total Debt104 m57.8 m60.6 m42.6 m52.8 m
Net Debt-210 m-173 m-94.6 m42.6 m-164 m
Equity66.2 m67.6 m76.4 m80.1 m88.7 m
Total assets1.4 bn1.3 bn1.3 bn1.2 bn1.4 bn
Operating cash flow-538,00012.8 m23.2 m20.8 m19.7 m
Investments (capex)2.0 m3.3 m2.0 m4.5 m3.8 m
Free cash-flow-2.5 m9.4 m21.1 m16.3 m16.0 m
Share buybacks2.7 m3.8 m4.4 m8.3 m10.3 m
Dividends paid2.7 m04.3 m8.3 m0

Amounts in EUR, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)12.62 x
Price / book value3.11 x
Return on Equity (ROE)24.8 %
Return on Invested Capital (ROIC)2.0 %
Net margin26.0 %
Debt / equity0.88 x
Current ratio21.60 x
Interest coverage4.07 x
Free cash-flow yield7.2 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 03/11/2026.

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Valuation and competitors

Bourse Direct S.A. compared with its sector on the same exchange and with its main competitors.

Company P/E
12.5
close to the sector
Sector median P/E
12.6
financial services, Euronext Paris
Sector over 10 years
10.3
10-year median, range 8.0 to 17.4

Direct competitors

CompanyMarket cap (USD)P/ENet margin
Bourse Direct S.A.306 m12.525.5 %
VIEL & Cie, S.A. VIL.PA1.2 bn7.99.9 %
ABC arbitrage S.A. ABCA.PA380 m10.242.0 %
Amundi S.A. AMUN.PA20.6 bn13.722.6 %
Sector median (Euronext Paris)12.6

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 02/11/2026. Competitors: comparable companies named by the data provider.

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Dividends and earnings

Bourse Direct S.A.: dividend history, last distributions, stock splits and earnings releases.

Frequency
annual
Last dividend
0.240 EUR
ex-dividend on 20/05/2026
Last 12 months
0.240 EUR
number of payments: 1
Yield
4.5 %
on the last known price
Years of increases
6
consecutive
Years of payments
7
uninterrupted
00.060.120.180.242009 : 0.0400 EUR2010 : 0.0400 EUR20102011 : 0.0400 EUR2012 : 0.0400 EUR20122013 : 0.0000 EUR2014 : 0.0000 EUR20142015 : 0.0000 EUR2016 : 0.0000 EUR20162017 : 0.0000 EUR2018 : 0.0000 EUR20182019 : 0.0200 EUR2020 : 0.0200 EUR20202021 : 0.0500 EUR2022 : 0.0700 EUR20222023 : 0.0800 EUR2024 : 0.160 EUR20242025 : 0.200 EUR2026 : 0.240 EUR2026

Annual dividend per share (EUR), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
20/05/20260.240 EUR22/05/2026
26/05/20250.200 EUR28/05/2025
22/05/20240.160 EUR24/05/2024
22/05/20230.0800 EUR24/05/2023
19/05/20220.0700 EUR19/05/2022
17/05/20210.0500 EUR19/05/2021
20/05/20200.0200 EUR22/05/2020
17/05/20190.0200 EUR21/05/2019

Stock splits

DateOperation
06/06/2000split: 2 shares for 1

Factual data: ex-dividend history and earnings calendar, as of 03/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in Bourse Direct S.A.

Free float
14.5 %
share of freely traded shares

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 31/10/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
likely
head office in the EU or EEA, listed on a European exchange
Listing exchange
Euronext Paris
IPO: 08/04/1999
ISIN code
FR0000074254
Workforce
145
full-time employees
Chief executive
Catherine Nini

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Bourse Direct S.A.

What is the Bourse Direct S.A. share price?

Latest recorded price: 5.30 EUR on 30/10/2026, for a market cap of 306 m USD.

What is the revenue of Bourse Direct S.A.?

86.3 m USD for fiscal year 2025, with net income of 22.0 m USD (net margin 25.5 %).

Does Bourse Direct S.A. pay a dividend?

Yes. Latest dividend: 0.240 EUR per share, ex-dividend on 20/05/2026. Over 12 months: 0.240 EUR. Yield on the latest known price: 4.5 %.

What is the P/E ratio of Bourse Direct S.A.?

Trailing 12-month P/E of 12.5, against 12.6 for the sector median on the same exchange (10-year median: 10.3).

Is Bourse Direct S.A. stock eligible for the French PEA?

Likely: the company is headquartered in the European Union or the European Economic Area (ISIN FR0000074254) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.

How many employees does Bourse Direct S.A. have?

145 full-time employees according to the latest published profile.

Who runs Bourse Direct S.A.?

Catherine Nini is the company's chief executive.

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