BN · rank #14 · 2026-10-23
EXENS
PARIS · EUR · $3.25B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.36 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +13.2% |
| Forward net margin Consensus forward net margin. | +6.6% |
| Net margin TTM Trailing twelve month net margin. | +6.0% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.6% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | — |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 2.58× |
| Analyst upside Spread between the consensus 12m target and the current price. | +22.1% |
| Last EPS surprise Most recent reported EPS versus consensus. | — |
| Market cap (USD) | $3.25B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Exosens is a French industrial technology company manufacturing ITAR-free 5G image-intensifier tubes, thermal/cooled infrared cameras, and nuclear instrumentation for European defense, surveillance, drone, and next-generation SMR markets.
Rationale
The quant bottleneck-solver thesis is supported by Exosens's unique position as the sole sizeable ITAR-free supplier of 5G night-vision tubes to NATO, driving a raised FY2026 revenue guidance to €558–570M alongside 13.2% forward sales growth.
Material risks
- 1Defense integrators or competitors such as Lynred, Theon, or Hensoldt Optronics could establish viable alternative supply chains or prompt key customers to dual-source, eroding Exosens's high-performance component bottleneck and pricing power.
- 2Execution risk surrounding the aggressive tripling of thermal and doubling of cooled-infrared camera capacity through 2026, combined with near-term event volatility ahead of nine-month earnings on October 27, 2026.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.