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Atos SE

AEXAY
21
Information Technology Services · Technology
Price
$9.08
+0.00 (+0.00%)
Market Cap
$5.09B
Exchange
Other OTC
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 13, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+1216.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.4M (2021) → 97.1M (2025)

Winston Score History

The full picture

Atos SE is a French technology company that helps large organizations run their computer systems, manage data, and keep their digital operations secure. Its main services include cloud computing, cybersecurity, and IT infrastructure management, sold mostly to governments, healthcare systems, banks, and large corporations. Atos is one of Europe's largest IT services companies and operates the supercomputers used by several major scientific and government institutions.

Atos earns money primarily through long-term service contracts, where clients pay ongoing fees to have Atos manage their technology needs. The company operates in more than 60 countries, with its strongest presence in Europe, particularly France, Germany, and the United Kingdom. Atos has faced serious financial difficulties in recent years, including heavy debt loads and restructuring efforts, which have raised questions about its long-term stability. The key risk going forward is whether the company can successfully complete its restructuring and return to consistent profitability without losing major clients to competitors.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-13.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+30.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

89.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$2.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$2.0B cash & investments at current burn rate

Revenue declining

Atos SE's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
22.3%
Thin — 22.3% gross margin
Operating Margin
4.0%
Thin — 4.0% operating margin
ROCE
7.3%
Weak — 7.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
-13.9%
Shrinking sales (-13.9% YoY)
EPS YoY
-104.6%
Earnings shrinking (-104.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-1.9%
Burning cash (-1.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
1.75x
Dangerous — barely covers interest (1.7x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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