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« Those who spend too much time with their noses glued to maps will tend to mistake the map for the territory.
Nassim Nicholas Taleb


Our products are designed to reconcile responsible investment and performance. They are actionable tools for reasoned decision-makers. They stand out by a fair-minded systemic approach that specifically looks at a company’s Governance, Strategy and Financials. Experience has taught us that strong governance and strategy are a both necessary and sufficient condition to generate free cash flow and create value over the long term.

We offer complementary Reports, whether providing comprehensive overviews, turning points, ideas generation or case studies. Over and above our Reports, we also offer forecasting and valuation tools, based on time-tested proprietary models.

Our Reports are available under single-user license in PDF format but are also readable in HTML. They are written in English. On occasion, French-language versions may be available, identified by the French flag symbol

Our Forecasting and Valuation Documents are distinct from our Reports and will not be published on the Website. They are exclusively available upon approved request, and can be purchased only as part of an assignment of communication and non-personalized presentation.

All listed companies are eligible for our research but we favor French midcap companies, in coherence with our experience and expertise in this field.

We are truly independent. For more information, have a look at our Code of Ethics and Conflicts of Interest policy.

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Far-sighted and fair-minded systemic analysis. Independent corporate research for institutional investors and professional stakeholders. Three-pillar architecture: Governance, Strategy and Financials. Integrated fundamental analysis. Quality ratings and risk maps. Tracking turning points. Idea-driven research. Focus on French Small & Midcaps. Direct access to valuable, targeted information.

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