Atos SE

ENXTPA:ATO Stock Report

Market Cap: €736.1m

Atos Future Growth

Future criteria checks 3/6

Atos's revenue is forecast to decline at 5.5% per annum while its annual earnings are expected to grow at 125% per year. EPS is expected to grow by 122.2% per annum. Return on equity is forecast to be -11.9% in 3 years.

Key information

125.0%

Earnings growth rate

122.16%

EPS growth rate

IT earnings growth9.8%
Revenue growth rate-5.5%
Future return on equity-11.90%
Analyst coverage

Low

Last updated14 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 29

ATO: Future Cybersecurity Services And Margin Targets Will Support Balanced Risk Profile

Analysts have slightly reduced Atos's fair value estimate, lowering the price target from €35.00 to €34.00 to reflect updated views on expected revenue trends, margins and future P/E levels. What's in the News Atos set an operating margin target of around 10% for fiscal 2028, supported by cost reduction measures, profitable growth and higher R&D investments (Corporate guidance).
Narrative Update • Apr 14

ATO: Future AI Services And Governance Events Will Support Balanced Risk Profile

Analysts have maintained their price target for Atos at €35.0, citing only minor adjustments to expected revenue declines and a slightly higher implied future P/E ratio in their updated models. What's in the News Atos supported Alsea, a large restaurant operator in Latin America and Europe, in migrating and modernizing its SAP environments to SAP RISE on AWS.
Narrative Update • Mar 31

ATO: Future AI Services And Events Will Support Measured Risk Balance

Analysts have reduced their price target on Atos from €45 to €35, citing updated assumptions that reflect softer revenue trends, slightly stronger profit margins and a lower forward P/E multiple. What's in the News Atos has scheduled a Special and Extraordinary Shareholders Meeting for May 22, 2026, at the River Ouest auditorium in Bezons, France, giving investors a clear date to watch for potential corporate decisions (Key Developments).
Narrative Update • Mar 17

ATO: Agentic AI And Cybersecurity Focus Will Support Future Upside Potential

Analysts have raised their price target on Atos from €55.00 to €59.00, citing updated assumptions for a smaller revenue decline, a lower projected profit margin, and a higher future P/E multiple in their models. What's in the News Atos launched Atos Sovereign Agentic Studios, a new operating model aimed at helping organizations move agentic AI from pilots to production with a focus on security, governance and digital sovereignty (Key Developments).
Narrative Update • Mar 03

ATO: Future AI Forensics And Event Services Will Support Bullish Thesis

Analysts have reduced their Atos price target to €45.0. This reflects slightly weaker revenue and margin assumptions, along with a lower future P/E multiple, which together indicate a more cautious earnings profile. What's in the News Atos issued earnings guidance for the fourth quarter of 2025, estimating Group revenue of €2,004 million for the period.
Narrative Update • Feb 16

ATO: AI Alliances And Agentic Solutions Will Support Future Upside

Analysts have raised their price target on Atos from €46.50 to €51.40. The change reflects updated assumptions that include softer revenue growth, a slightly lower profit margin outlook, and a marginally lower future P/E multiple.
Narrative Update • Feb 02

ATO: Future AI Contracts And Guidance Will Not Justify Current Optimism

Analysts have revised their fair value estimate for Atos from €20.60 to €45.00, citing updated assumptions on the discount rate, revenue trajectory, profit margin, and future P/E as key drivers behind the new target. What's in the News Atos issued earnings guidance for the fourth quarter of 2025, with group revenue estimated at €2,004 million and full year 2025 revenue estimated at €8,001 million, or €8,030 million at September 30, 2025 currency, described as in line with a previously communicated target of above €8b (Corporate guidance).
Analysis Article • Jan 22

Atos SE (EPA:ATO) Stock Catapults 26% Though Its Price And Business Still Lag The Industry

Atos SE ( EPA:ATO ) shareholders would be excited to see that the share price has had a great month, posting a 26% gain...
Narrative Update • Jan 19

ATO: AI Partnerships And Cybersecurity Expansion Will Support Balanced Future Outlook

Analysts have kept their price target on Atos unchanged at €55.00. Their updated models now factor in a revenue decline of about 3.2% and a profit margin assumption of roughly 6.27%, along with a much lower future P/E estimate compared with prior assumptions.
Narrative Update • Jan 05

ATO: AI And Data Initiatives Will Mask Weakening Revenue Outlook

Analysts have increased their fair value estimate for Atos from €43.00 to €46.50, citing updated assumptions around revenue trends, profit margins, and forward P/E multiples. What's in the News Atos is participating in the Forensics of Intelligent Systems research project with several German academic and research institutions, focusing on tools to detect and investigate manipulation of AI systems and aligning with its focus on trustworthy AI and European data sovereignty (Key Developments).
Narrative Update • Dec 15

ATO: Cybersecurity Contracts And AI Expansion Will Support Balanced Outlook

Analysts have raised their price target for Atos from approximately €41 to €55 per share, reflecting a higher fair value assessment despite more cautious assumptions on revenue growth and profitability. What's in the News Atos confirmed full year 2025 guidance, expecting revenue of over €8 billion, which supports the upgraded valuation narrative.
Narrative Update • Dec 01

ATO: Cybersecurity Expansion And AI Service Delivery Will Sustain Stable Performance

Analysts have maintained their fair value price target for Atos at €43.00, citing unchanged expectations for the company's revenue growth, profit margin, and discount rate in their latest assessment. What's in the News Atos introduced an Agentic AI solution, the Autonomous Data and AI Engineer, to automate and accelerate data and AI engineering tasks.
Narrative Update • Nov 17

ATO: New Cybersecurity Wins And EU Contracts Will Support Steady Outlook

Analysts have maintained Atos’s fair value estimate at €43.00. This reflects continued caution on the company’s outlook, as minor shifts in discount rate, revenue growth, and profit margin forecasts result in no change to the price target.
Narrative Update • Nov 02

ATO: Declining Revenue Forecasts Will Weigh On Future Profitability

Analysts have raised their price target for Atos from €39.40 to €43.00. They cited updated margin expectations and minor adjustments to revenue forecasts as key factors behind the revision.
Narrative Update • Oct 18

Rising AI And Automation Will Undermine Traditional IT Services

Analysts have increased their price target for Atos from €37.15 to €39.40, citing updated financial forecasts and valuation adjustments. What's in the News Atos announced a global strategic partnership with Qevlar AI to enhance its use of artificial intelligence in cybersecurity operations.
Narrative Update • Oct 04

Rising AI And Automation Will Undermine Traditional IT Services

Analysts have raised their fair value estimate for Atos from €30.15 to €37.15. This change reflects improved expectations for revenue growth and profit margins.
Analysis Article • Aug 26

Atos SE (EPA:ATO) Stock Catapults 73% Though Its Price And Business Still Lag The Industry

Atos SE ( EPA:ATO ) shares have had a really impressive month, gaining 73% after a shaky period beforehand. But the...
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New Narrative • Apr 04

Q4 Success Will Secure Liquidity Amid North America Challenges

Strong Q4 performance and restructuring efforts may improve financial stability, boost net margins, and enhance future revenue streams.
Analysis Article • Mar 21

Atos' (EPA:ATO) Earnings Might Be Weaker Than You Think

Following the release of a positive earnings report recently, Atos SE's ( EPA:ATO ) stock performed well. Despite this...
Analysis Article • Mar 16

Is There Now An Opportunity In Atos SE (EPA:ATO)?

Atos SE ( EPA:ATO ), is not the largest company out there, but it received a lot of attention from a substantial price...
Analysis Article • Jun 01

Is Atos SE (EPA:ATO) Potentially Undervalued?

Atos SE ( EPA:ATO ), is not the largest company out there, but it saw significant share price movement during recent...
Analysis Article • Mar 23

Atos SE's (EPA:ATO) Intrinsic Value Is Potentially 67% Above Its Share Price

Key Insights Atos' estimated fair value is €2.93 based on 2 Stage Free Cash Flow to Equity Atos' €1.76 share price...

Earnings and Revenue Growth Forecasts

ENXTPA:ATO - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20286,85231883313
12/31/20276,81457791625
12/31/20266,711-43-41294
12/31/20258,001-1,40469239N/A
9/30/20258,31745-76138N/A
6/30/20258,6331,493-22237N/A
3/31/20259,105871-1,034-682N/A
12/31/20249,577248-1,846-1,402N/A
9/30/20249,860-2,267-1,712-1,304N/A
6/30/202410,142-4,782-1,579-1,206N/A
3/31/202410,418-4,111-1,098-809N/A
12/31/202310,693-3,441-618-413N/A
9/30/202310,958-2,275-396-174N/A
6/30/202311,222-1,109-17464N/A
3/31/202311,246-1,0601246N/A
12/31/202211,270-1,012176427N/A
9/30/202211,124-2,17443289N/A
6/30/202210,978-3,336-90151N/A
3/31/202210,909-3,1499265N/A
12/31/202110,839-2,962107379N/A
9/30/202110,909-1,435405685N/A
6/30/202110,97892702990N/A
3/31/202111,0803218011,105N/A
12/31/202011,1815508991,219N/A
9/30/202011,3265568681,197N/A
6/30/202011,4715618371,174N/A
3/31/202011,5304438891,220N/A
12/31/201911,5883249411,265N/A
9/30/201911,370376N/A1,054N/A
6/30/201911,151428N/A843N/A
3/31/201910,900460N/A653N/A
12/31/201810,648491N/A463N/A
9/30/201810,939518N/A568N/A
6/30/201811,230545N/A672N/A
3/31/201811,613573N/A955N/A
12/31/201711,996601N/A1,237N/A
9/30/201712,222593N/A1,187N/A
6/30/201712,448585N/A1,138N/A
3/31/201712,293582N/A1,078N/A
12/31/201612,138579N/A1,019N/A
9/30/201611,790534N/AN/AN/A
6/30/201611,441488N/A879N/A
3/31/201611,063447N/A839N/A
12/31/201510,686406N/A800N/A
9/30/201510,251359N/AN/AN/A
6/30/20159,816312N/A705N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.5%).

Earnings vs Market: ATO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ATO is expected to become profitable in the next 3 years.

Revenue vs Market: ATO's revenue is expected to decline over the next 3 years (-5.5% per year).

High Growth Revenue: ATO's revenue is forecast to decline over the next 3 years (-5.5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ATO is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 20:57
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Atos SE is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander ToutArete Research Services LLP
Raimo LenschowBarclays
Georgios KertsosBerenberg