Atari S.A. (ALATA.PA)

Atari S.A. (ALATA.PA) — VMCI valuation read

Atari S.A. sits at VMCI 44/100, with the Technology sector median at 50. That 7-point spread is the first thing to note on ALATA.PA: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on ALATA.PA are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on ALATA.PA: ALATA.PA trades at 18.0x earnings, 0% above the Technology median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Technology median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 1.4x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

ALATA.PA fell 0.5% over the trailing 7 days, with a -2.2% read on a 30-day basis.