Lumibird: the stock outperforms after a positive note

(CercleFinance.com) - Lumibird shares gained ground on the Paris Bourse on Monday, following positive comments from Euroland, which named the industrial laser specialist its "nugget of the week".


At around 3.30pm, the share gained 1.8%, clearly outperforming a slightly lower Paris market (-0.1%).

After the recent drop in its share price, Lumibird currently offers an attractive entry point, trading at an EV/Ebitda multiple of 7.4x for FY 2024, well below its five-year historical average of 12.4x, explains Edouard Poulle, manager at Homa Capital, quoted in the note.

This discount offers investors an attractive opportunity to invest in a high-quality French technology company that is a leader in its target markets, profitable and growing", he emphasizes.

According to the professional, the former Quantel benefits from "solid" fundamentals and "promising" growth prospects for 2024.

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