Alan Allman Associates (AAA.PA)

Alan Allman Associates (AAA.PA) — VMCI valuation read

Alan Allman Associates (AAA.PA) carries a VMCI composite of 47/100, 3 points below the Industrials sector median of 50. Among mid-cap names, that gap places AAA.PA in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The AAA.PA insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads AAA.PA trades at 14.0x earnings, 22% below the Industrials median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Industrials 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Industrials median (10.0%). Risk: net debt to EBITDA of 1.1x leaves covenant headroom, the line to track on Alan Allman Associates's next 10-Q.

AAA.PA fell 2.2% over the trailing 7 days, with a -14.4% read on a 30-day basis.