ABC arbitrage SA

ABC arbitrage SA

5.50
EUR
+0.03
(+0.55%)
Mar 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.46
0.74
0.73
0.82
0.56
0.69
0.64
1.19
1.08
1.04
0.67
0.86
1.01
- -
Basic EPS, GAAP
0.19
0.34
0.43
0.53
0.32
0.34
0.31
0.6
0.47
0.49
0.28
0.45
0.42
- -
Free Cash Flow per Basic Share
-0.4
0.16
0.21
0.22
0.47
0.39
0.46
0.42
0.57
0.41
0.34
0.35
0.38
- -
Dividend per Share
0.46
0.14
0.26
0.26
0.44
0.4
0.43
0.33
0.42
0.4
0.41
0.3
0.34
- -
Book Value per Share
2.32
2.42
2.53
2.76
2.6
2.52
2.4
2.65
2.7
2.73
2.61
2.77
2.85
2.85
Tangible Book Value per Share
2.32
2.41
2.53
2.76
2.59
2.52
2.4
2.65
2.7
2.73
2.61
2.77
2.85
2.85
Basic Weighted Avg Shares
52
55
57
58
58
59
59
58
59
59
59
60
59
59
Sales/Revenue/Turnover
24
41
41
48
32
40
37
69
64
61
40
51
60
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
1
1
1
1
2
2
2
2
2
2
- -
Net Income, GAAP
10
19
24
31
18
20
18
35
28
29
16
27
25
- -
Effective Tax Rate (%)
29.54
32.58
7.91
- -
- -
- -
- -
0.98
20.69
- -
- -
- -
- -
- -
Profit Margin (%)
42.1
46.11
58.84
64.1
56.63
48.91
49.28
50.8
43.59
47.5
41.46
52.21
41.9
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
- -
- -
2
1
5
6
5
4
3
3
Total Equity
119
131
141
158
149
146
140
154
160
162
155
164
170
170
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
7.82
15.06
17.8
- -
- -
- -
- -
23.61
17.49
- -
- -
- -
- -
- -
Return on Common Equity (%)
7.83
15.07
17.81
20.4
11.93
13.33
12.82
23.88
17.86
18.12
10.4
16.8
15.04
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
60
59
Market Capitalization
- -
- -
- -

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
10
14
10
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.01%
2%
3.34%
Free Cash Flow
12.3%
1.24%
7.03%
Net Income, GAAP
7.47%
-0.65%
-6.52%
Sales/Revenue/Turnover
8.52%
-0.17%
16.5%
Total Cash Common Dividend
6.13%
2.94%
13.57%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
40
2024
- -
- -
51
2025
- -
- -
60

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.28
2024
- -
- -
0.45
2025
- -
- -
0.42

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.41
2024
- -
- -
0.3
2025
- -
- -
0.34

Company Description

CEO
Dominique Ceolin
Full Time Employees
108
Sector
Finance
Industry
Investment managers
Address
18, rue du Quatre Septembre Paris IF France 75002
IPO Date
Feb 13, 2003
Business
ABC arbitrage S.A. (ABCA.PA) is a France-based investment firm that specializes in developing and executing arbitrage strategies on liquid financial assets across European, North American, Asian, and international markets. Founded in 1995 and headquartered at 18 Rue du Quatre Septembre in Paris, the company operates two principal categories of arbitrage: strategies without market risks that exploit opportunities independent of directional or event risks; and strategies with market risks where risks are systematically identified and hedged using appropriate instruments, including liquidity, statistical, risk, and derivatives arbitrage; it also provides proprietary asset management, third-party asset management via its wholly-owned subsidiary ABC Arbitrage Asset Management, and advisory services to institutional clients and qualified investors. The firm targets opportunities in equities, mergers and acquisitions, corporate actions, and digital assets such as Bitcoin, with assets under management totaling approximately €251 million as of early 2025. Recent strategic developments include the resumption of digital assets trading in March 2024, which benefited from heightened volatility during the US presidential elections and contributed positively to 2024 results; ongoing advancements under the ABC 2022 and Springboard 2025 plans, featuring a new flagship multi-asset, multi-strategy ABCA Opportunities fund launched in 2024 with a rolling one-year return of +13.5% as of August 31, 2025; and extensions to its AMF license in February 2024 enabling expanded crypto activities amid the 2024 "Crypto Summer." In its final Springboard 2025 year, the group sustains R&D investments for strategy diversification, plans AI investments in core operations, and targets €6.5-7 million in 2025 capital expenditures excluding AI, up 15-30% from 2024, while preparing a new three-year strategic plan for unveiling in March 2026. Financially, ABC arbitrage reported HY 2025 net revenues of €36.5 million (up 60%) and net income of €17.7 million (up 99%), alongside full-year 2024 net income of €26.8 million (up 63% with ROE at 16.4%), supporting a €0.34 per share distribution representing a payout ratio near 80%.