Claranova SE

0N6K.L

Software - Application · Technology

Price

0.60 GBp

-0.01 (-1.81%)

Market Cap

£234.9M

Exchange

London Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 12, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+43.7% over 4y

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

Diluted shares outstanding: 39.8M (2021) → 57.1M (2025)

Claranova SE is a French technology company that runs several software and digital services businesses. Its best-known unit is PlanetArt, which operates apps like FreePrints that let people turn their phone photos into printed products — such as photo books and cards — delivered to their homes. It also owns Avanquest, which sells downloadable software tools for everyday tasks like PDF editing and PC optimization.

Claranova makes money mainly through a mix of product sales and software subscriptions, selling directly to consumers in the United States, Europe, and other markets. The FreePrints model uses a "free prints, pay for shipping" approach that attracts a large user base and encourages repeat orders, giving it some stickiness with customers. The company is relatively small at around $300 million in market value, and its key growth challenge is scaling its consumer software and print businesses in a competitive market where larger tech platforms could easily replicate similar services.

Winston Score History

Growth Profile

For growth stock investors

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

Revenue Growth

-190.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-225.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$10M/ year

8.5% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

100.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Claranova SE has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

27.8%

Modest — 27.8% gross margin

Operating Margin

16.7%

Healthy — 16.7% operating margin

ROCE

8.6%

Below par — 8.6% return on capital

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

-126.0%

Shrinking sales (-126.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

-64%

Weak — only -64% of profit becomes cash

FCF Margin

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

1.20

Elevated debt (1.20)

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial