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Bourse Direct S.A. (BSD.PA)

EUR5.18 +0.06 (+1.17%)
FR PAR Financial Services Financial - Capital Markets
Address 374 rue Saint-Honoré 75001
Paris, FR
CEO Catherine Nini
Website boursedirect.fr
IPO 1999-04-08
ISIN FR0000074254

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Description

Bourse Direct SA is a prominent French online brokerage firm, specializing in internet-based stock trading services. The company provides a comprehensive digital platform that offers clients a wide spectrum of financial instruments and investment solutions. These include both domestic and international equities, alongside various derivatives, exchange-traded funds (ETFs), warrants, certificates, turbos, collective investment schemes such as mutual funds and UCITS, and Contracts for Difference (CFDs). Furthermore, Bourse Direct facilitates access to tax-advantaged savings products, real estate investments, and life insurance policies. These diverse offerings are accessible through its network of dedicated online portals, including Boursedirect.fr, Capitol.fr, Tradebox.fr, Absysteme.fr, Wargny.com, and Mesactions.com. Established in 1996, the firm maintains its principal office in Paris, France, and operates as a subsidiary of E-VIEL SA.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR5.18 +0.06 (+1.17%)
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Volume Profile
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Liquidity & share structure
Average Volume
6.9K
Beta
0.58
Float Shares
7.47M
Free Float %
14.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.37% +0.75% +6.75% +5.08% +29.95% +22.00% +26.59% +29.64% +44.24% +320.31% +85.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5.18
DCF (Unlevered) 9.14 +76.4%
DCF (Levered) 11.75 +126.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.52
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Financial - Capital Markets: +19.7%
    +1.1% Q4'25: +73.5% (vs Q4'23)
  • ✓
    EPS growth Financial - Capital Markets: +35.3%
    +2.7% Q4'25: +33.3% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Financial - Capital Markets: +29.5%
    +20.9% Q4'25: +16.7% (vs Q4'23)
  • ✓
    EBIT margin Financial - Capital Markets: +33.5%
    +43.5% ★ Q4'25: +33.9% (vs Q4'23)
  • ✓
    ROIC Financial - Capital Markets: +4.0%
    — Q4'25: +92.6% (vs Q4'23)
  • ✓
    Share dilution Financial - Capital Markets: +0.0%
    -0.4% ★ Q4'25: -2.2% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    1.57× ★ Q4'25: 0.66× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.58) × ERP
WACC = 84% × Ke + 16% × Kd (13.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 9.14 Current price: 5.18
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 1999
actual 		Dec 2000
actual 		Dec 2001
actual 		Dec 2002
actual 		Dec 2003
actual 		Dec 2004
actual 		Dec 2005
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
1 Rev. Ana.
1 EPS Ana. 		Dec 2027
1 Rev. Ana.
1 EPS Ana. 		Dec 2028
1 Rev. Ana.
Revenue
4.82M
est.
11.92M
est.
8.95M
est.
8.72M
est.
7.54M
est.
8.05M
est: 6.83M (+17.8%)
15.01M
est: 6.29M (+138.7%)
46.45M
est: 39.80M (+16.7%)
48.46M
est: 41.00M (+18.2%)
66.44M
est: 71.58M (-7.2%)
76.39M
est: 73.05M (+4.6%)
77.20M
est: 73.30M (+5.3%)
77.15M
77.15M – 77.15M
+5.3% YoY
79.00M
79.00M – 79.00M
+2.4% YoY
69.00M
69.00M – 69.00M
-12.7% YoY
EBITDA
1.51M
est.
1.38M
est.
-5.74M
est.
-3.68M
est.
-1.65M
est.
-3.02M
est: -4.10M (+26.5%)
-3.30M
est: -3.38M (+2.3%)
12.59M
est: 12.49M (+0.8%)
11.16M
est: 12.87M (-13.3%)
26.94M
est: 25.05M (+7.5%)
31.16M
est: 25.57M (+21.9%)
33.60M
est: 25.66M (+31.0%)
27.00M
27.00M – 27.00M
+5.3% YoY
27.65M
27.65M – 27.65M
+2.4% YoY
24.15M
24.15M – 24.15M
-12.7% YoY
EBIT
1.28M
est.
1.36M
est.
-5.74M
est.
-3.76M
est.
-1.75M
est.
-3.67M
est: -4.13M (+11.0%)
-3.99M
est: 1.67M (-338.8%)
10.00M
est: 10.53M (-5.0%)
8.25M
est: 10.84M (-24.0%)
23.71M
est: 22.06M (+7.5%)
27.73M
est: 22.51M (+23.2%)
33.60M
est: 22.59M (+48.8%)
23.77M
23.77M – 23.77M
+5.3% YoY
24.34M
24.34M – 24.34M
+2.4% YoY
21.26M
21.26M – 21.26M
-12.7% YoY
Net Income
2.08M
est.
815.6K
est.
-5.72M
est.
-3.72M
est.
-1.69M
est.
5.34M
est: -4.13M (+229.3%)
-2.62M
est: -84.55M (+96.9%)
7.16M
est: 6.74M (+6.3%)
5.69M
est: 5.18M (+9.7%)
15.93M
est: 18.10M (-12.0%)
19.13M
est: 19.35M (-1.1%)
19.70M
est: 18.58M (+6.0%)
21.42M
21.42M – 21.42M
+15.3% YoY
22.19M
22.19M – 22.19M
+3.6% YoY
—
— – —
-100.0% YoY
SGA
1.49M
est.
3.69M
est.
2.77M
est.
2.70M
est.
2.34M
est.
—
est: 2.12M (-100.0%)
—
est: 1.96M (-100.0%)
13.08M
est: 12.34M (+6.0%)
12.26M
est: 12.71M (-3.5%)
13.65M
est: 18.28M (-25.3%)
40.99M
est: 18.65M (+119.7%)
—
est: 18.72M (-100.0%)
19.70M
19.70M – 19.70M
+5.3% YoY
20.17M
20.17M – 20.17M
+2.4% YoY
17.62M
17.62M – 17.62M
-12.7% YoY
EPS
0.04
est.
-0.40
est.
-0.28
est.
-0.17
est.
-0.50
est.
0.10
est: -0.90 (+110.8%)
-0.05
est: -1.62 (+97.1%)
0.13
est: 0.13 (+0.0%)
0.11
est: 0.10 (+10.0%)
0.30
est: 0.35 (-14.5%)
0.37
est: 0.38 (-1.3%)
0.38
est: 0.36 (+5.6%)
0.42
0.42 – 0.42
+15.3% YoY
0.43
0.43 – 0.43
+3.6% YoY
—
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-28 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-27 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-26 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-25 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-22 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-21 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-20 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-19 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-18 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-15 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-14 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-13 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-12 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-11 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-08 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-07 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-06 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-05-05 A- 4/5 5/5 5/5 4/5 2/5 3/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
45.84M
OE per share TTM
0.88
Owner's Yield
16.51%
Maintenance CapEx ratio
4.87%
Maint CapEx / Avg PPE
9.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
231.7K
Shares Outstanding
51.61M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Catherine Nini Chairperson of the Management Board & Chief Executive Officer 573.7K female
Virginie de Vichet Deputy MD & Member of the Management Board 326.6K female
Matthieu Vaysse Member of Management Board 175.2K male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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