SU.PA · US
SU.PA: Electrification, data centers, industrial software
Schneider electrification + data centers.
Cite a section with a deep link, e.g. /en/r/schneider-su-research#thesis
Snapshot
- Price
- EUR 334
- Mkt cap
- EUR 188.0B
- Revenue
- EUR 38.0B
- Data-center related momentum
- 1.25
Thesis
Schneider Electric Electrification/automation hardware with software/digital (AVEVA-related) uplift; AI data-center power/cooling is near-term catalyst.
Business
Model: electrical + automation + software/services. Flagships: power distribution; DC power architectures; industrial software. Edge: channel + project delivery. Strategy: electrification + digitalization.
Value chain
Mid electrical equipment/software; upstream copper/components; downstream buildings/industry/DCs. Risks: copper; project slips; DC capex; geopolitics.
Valuation
Quality industrial growth; software mix supports PE.
Financial trend (~24 months)
Illustrative 8Q with YoY/QoQ (reconstructed from public disclosures; not audit-line):
Revenue · last 8Q
Interactive chart available in the reader.
Gross margin · last 8Q
Interactive chart available in the reader.
Operations
Volume: orders/shipments; price: project pricing + software attach; cost: commodities/manufacturing.
Key financials
| Item | Value | YoY | Note |
|---|---|---|---|
| Group rev (approx) | ~€36-40B | +high-single | Energy management heavy |
| Data center | Strong | — | AI power demand |
| Software/digital | Growing mix | — | Multiple support |
| Adj. EBITA margin | Mid-teens+ | — | Operating leverage |
Competition
Peer strengths/weaknesses:
Peer map
| Company | Share/role | Margin | Strength | Weakness |
|---|---|---|---|---|
| Schneider (self) | Electrification | ~42% GM | DC exposure | Hardware cyclicality |
| ABB | Electrification peer | Mid | Robotics/electr. | Mix differences |
| Eaton | Electrical | Mid | N.America DC | Less software |
| Siemens | Digital industries | Mid-high | Software depth | Conglomerate |
Management
Management (24m)
| Role | Name | Since | 24m change |
|---|---|---|---|
| CEO | Peter Herweck | 2023+ | CEO transition in window |
| CFO | CFO office | ongoing | Monitor disclosures |
| Strategy / digital | Digital leads | ongoing | Software push |
Stability: Transition: watch CEO-era orders guidance and software integration.
Outlook
Track DC orders, electrification backlog, software recurring revenue.
Scenarios
| Scenario | Condition | Implication |
|---|---|---|
| Bull | Demand/execution beats | Upside |
| Base | Trend continues | Hold/watch |
| Bear | Cycle/competition worsens | Drawdown/reassess |
Risks
Not investment advice; defer to latest company filings.