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Gaussin

CR 		Bloomberg   ALGAU FP
Engineering-Heavy Constr.  /  France  Web Site   |   Investors Relation
Pioneer in green-powered closed space mobility but troubled by operational scares
Pros
  • First mover in the sustainable (electric and hydrogen) off-road vehicle space (autonomous and manned) with a broad and modular product portfolio that offers reliability and a shorter payback period versus competitors
  • Significant upside through the licensing model which will not only allow Gaussin to expand with limited capital but also drive profitability
  • Vast market demand across logistics and ports end-markets that are key to decarbonising the transport sector as well as increasing productivity and safety
Cons
  • In the near-term, as the operations ramp-up, increased working capital and capex requirements will lead to capital infusion(s)
  • With an imminent scale-up of operations, production execution will be key to ensuring timely delivery
  • As the peers catch-up on technology, competition will increase across geographies (e.g. China) and may lead to price wars
Updates
Key Data
Target
Upside 275%
Price (€) 0.22
Target Price (€) 0.81
Market Cap (€M) 9.49
Perf. 1W: 2.38%
Perf. 1M: -6.30%
Perf. 3M: -13.5%
Perf Ytd: -59.4%
10 day relative perf. to stoxx600: 12.4%
20 day relative perf. to stoxx600: -7.72%
Key Indicators