SQLI S.a. (SQI.PA)

SQLI S.a. (SQI.PA) — VMCI valuation read

SQI.PA screens at VMCI 48/100, a 2-point gap below the Technology sector median (50). For a mid-cap SQLI S.a. share, that placement says the multi-pillar composite is richer or lower quality than the typical peer on a like-for-like basis.

SQI.PA has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: SQI.PA trades at 26.0x earnings, 44% above the Technology median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Technology group. Quality: ROIC of 8.0% trails the Technology median (10.0%) by 2.0pp, the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 3.1x is the binding constraint on the bear case, which sets the rate-cycle exposure for SQLI S.a..

SQI.PA fell 3.2% over the trailing 7 days, with a -5.0% read on a 30-day basis.