Market Cap €8.9M
Shares Outstanding 3.02M
52-Wk Range (est.) €2.40 – €4.80
EPS FY2025 €0.33
P/E (TTM) 8.9×
Price / NCAV 0.72×
Price / TBV 0.63×
Net Cash +€3.0M
Insider Ownership 37%
dividend: 3.4%
Kumulus Vape S.A. (EPA: ALVAP) presents a classic micro-cap contrarian setup that fits Benjamin Graham's "net-net" or a Walter Schloss-style deep tangible asset play. As of mid-June 2026, the stock trades at approximately €2.93, with a market capitalization of €8.9M, amid compressed earnings, intense regulatory scrutiny in the European vaping sector, and unregulated Chinese competition.
