Kreuzmann’s Ideas

Kreuzmann’s Ideas

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Kreuzmann’s Ideas
Kreuzmann’s Ideas
STIF France - Update

STIF France - Update

Accumulated knowledge on STIF France

Jakub Kreuzmann's avatar
Jakub Kreuzmann
Jun 01, 2025
∙ Paid
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Kreuzmann’s Ideas
Kreuzmann’s Ideas
STIF France - Update
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Hi,

And welcome to the new article. Alsti has so far been a brilliant investment for me and my clients. If you do not know this company this is my analysis of it from February. I was not expecting such quick price discovery but when you combine high growth with cheap valuation and underlying growth potential, good things can happen. It will always remind me that >50% growers for forward P/E of 10x exist. And these are the situations I will hunt.

In this article I discuss these things complemented by conversation with management:

  • Understanding BESS better

  • Opportunity and risks with Tesla

  • Unit Economics

  • Assymetry remains but also high risks!

  • Building moat?

  • Industry participants

  • Datacenters and BESS

  • TAM

  • Valuation + Model

  • Buyback at €100/share?

  • Key Takeaways

  • New risks

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