ABCA — ABC arbitrage SA Financial Services · Asset Management EURONEXT
€5.27
1D 5D 1M 3M 6M YTD 1Y 5Y MAX
Income Statement Balance Sheet Cash Flow
Annual · All values in Euros (EUR)
EUR FY2025 FY2024 FY2023 FY2022 Revenue 59.90M 51.41M 39.75M 61.37M YoY Growth +16.5% +29.4% -35.2% — Gross Profit — — — — Gross Margin — — — — R&D — — — — SG&A 9.51M 7.50M 7.47M 7.50M EBIT — — — — EBIT Margin — — — — D&A 1.88M 2.85M 1.99M 1.76M EBITDA — — — — EBITDA Margin — — — — Net Income 25.09M 26.84M 16.48M 29.15M Net Margin 41.9% 52.2% 41.5% 47.5% EPS (diluted) €0.42 €0.45 €0.28 €0.49 Shares (dil., M) 60 60 59 60
Company Brief
ABC arbitrage SA, together with its subsidiaries, develops arbitrage strategies for liquid assets in Europe, North America, Asia, and internationally. It develops liquidity, statistical, risk, and derivatives arbitrage strategies, as well as provides asset and portfolio management services. The company was incorporated in 1995 and is headquartered in Paris, France.
Margins (TTM)
Gross Margin — EBITDA Margin — EBIT Margin — Net Margin 41.9% FCF Margin —
Returns on Capital
ROIC — ROCE — ROE 14.8% ROA 13.6% Asset Turnover 0.32×
Earnings Quality
FCF / Net Income — SBC / Net Income — SBC / Revenue — Capex / D&A —
Growth (CAGR)
Metric 3yr Revenue -0.8% EPS -5.0% FCF — Dividend —
Ownership
Float 54.6% Shares Out. 59.4M Insiders % — Institutions % — Institutions (of float) — Institution holders — Insider net buy 6M —
Balance Sheet
Cash & ST Invest. €169.7M Total Debt €2.6M Net Cash / (Debt) €7.5M Total Assets €185.1M Total Equity €169.6M Goodwill & Intang. €126K Tangible Book Value €169.5M NCAV (Graham) — Tangible Book/sh €2.85 NCAV/sh —
Leverage
D/E Ratio 0.02× Net Debt / EBITDA — Interest Coverage — Current Ratio — Quick Ratio —
Capital Allocation (last FY)
Capex — Capex / Revenue — SBC — Dividends Paid €20.2M Buybacks —
Dividends
Annual DPS €0.40 Yield (fwd) 7.59% Payout Ratio 81.0% Ex-div Date 2026-04-14
Valuation vs History
P/E vs 4Y 12.6× vs 13.0× median Div yield vs 10Y 746.0% vs 6.2% median
Buyback History
FY 2025 — +0.2%
FY 2024 — -0.3%
FY 2023 — +0.5%
FY 2022 — —
Margins (TTM)
Gross Margin — EBITDA Margin — EBIT Margin — Net Margin 41.9% FCF Margin —
Returns on Capital
ROIC — ROCE — ROE 14.8% ROA 13.6% Asset Turnover 0.32×
Earnings Quality
FCF / Net Income — SBC / Net Income — SBC / Revenue — Capex / D&A —
Growth (CAGR)
Metric 3yr Revenue -0.8% EPS -5.0% FCF — Dividend —
Ownership
Float 54.6% Shares Out. 59.4M Insiders % — Institutions % — Institutions (of float) — Institution holders — Insider net buy 6M —
€5.27
1D 5D 1M 3M 6M YTD 1Y 5Y MAX
Income Statement Balance Sheet Cash Flow
Annual · All values in Euros (EUR)
EUR FY2025 FY2024 FY2023 FY2022 Revenue 59.90M 51.41M 39.75M 61.37M YoY Growth +16.5% +29.4% -35.2% — Gross Profit — — — — Gross Margin — — — — R&D — — — — SG&A 9.51M 7.50M 7.47M 7.50M EBIT — — — — EBIT Margin — — — — D&A 1.88M 2.85M 1.99M 1.76M EBITDA — — — — EBITDA Margin — — — — Net Income 25.09M 26.84M 16.48M 29.15M Net Margin 41.9% 52.2% 41.5% 47.5% EPS (diluted) €0.42 €0.45 €0.28 €0.49 Shares (dil., M) 60 60 59 60
Company Brief
ABC arbitrage SA, together with its subsidiaries, develops arbitrage strategies for liquid assets in Europe, North America, Asia, and internationally. It develops liquidity, statistical, risk, and derivatives arbitrage strategies, as well as provides asset and portfolio management services. The company was incorporated in 1995 and is headquartered in Paris, France.
Balance Sheet
Cash & ST Invest. €169.7M Total Debt €2.6M Net Cash / (Debt) €7.5M Total Assets €185.1M Total Equity €169.6M Goodwill & Intang. €126K Tangible Book Value €169.5M NCAV (Graham) — Tangible Book/sh €2.85 NCAV/sh —
Leverage
D/E Ratio 0.02× Net Debt / EBITDA — Interest Coverage — Current Ratio — Quick Ratio —
Capital Allocation (last FY)
Capex — Capex / Revenue — SBC — Dividends Paid €20.2M Buybacks —
Dividends
Annual DPS €0.40 Yield (fwd) 7.59% Payout Ratio 81.0% Ex-div Date 2026-04-14
Valuation vs History
P/E vs 4Y 12.6× vs 13.0× median Div yield vs 10Y 746.0% vs 6.2% median
Buyback History
FY 2025 — +0.2%
FY 2024 — -0.3%
FY 2023 — +0.5%
FY 2022 — —
Not investment advice Updated 4/17/2026
