Leclanche SA (LECN) AI Stock Analysis

• Market Cap: CHF160.71M
• Dividend Yield: N/A
• Average Volume (3M): 135.43K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.54
• Revenue Growth: 32.23%
• EPS Growth: 3.16%
• Country: CH
• Employees: 390
• Sector: Energy
• Sector Strength: 52
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 1,139,771,400
• 10 Day Avg. Volume: 161,848
• 30 Day Avg. Volume: 135,430
• PEG Ratio: 0.09
• Price to Book (P/B): -3.12
• Price to Sales (P/S): 8.08
• P/FCF Ratio: -2.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: CHF0.13 ▼(-21.88% Downside)

Leclanche SA's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis further supports a bearish outlook, with the stock trading below key moving averages and showing oversold conditions. The absence of earnings call insights and corporate events leaves the financial and technical factors as the primary determinants of the score.

Positive Factors

Revenue Growth

A strong revenue growth rate of 32.23% indicates robust demand for Leclanché's products, suggesting a solid market position and potential for future expansion.

Industry Position

Leclanché's specialization in advanced battery systems positions it well in the growing energy storage market, benefiting from increasing demand for sustainable energy solutions.

Recurring Revenue

Long-term contracts and partnerships provide a stable and recurring revenue stream, enhancing financial predictability and supporting long-term growth.

Negative Factors

Negative Margins

Negative margins indicate cost challenges and inefficiencies, which can hinder profitability and require strategic adjustments to improve financial health.

High Leverage

High leverage and negative equity suggest financial instability, limiting the company's ability to invest in growth and increasing vulnerability to economic downturns.

Negative Cash Flow

Negative free cash flow indicates challenges in generating sufficient operational cash, potentially impacting the company's ability to fund operations and growth initiatives.

Leclanche SA Business Overview & Revenue Model

Company Description

Leclanché SA (LECN) is a leading energy storage company based in Switzerland, specializing in the development and production of advanced battery systems and energy storage solutions. The company operates primarily in the electric mobility and stationary storage sectors, providing innovative products such as lithium-ion batteries and complete energy storage systems for various applications, including electric vehicles, marine, and grid-scale energy storage.

How the Company Makes Money

Leclanché generates revenue primarily through the sale of its battery systems and energy storage solutions. Key revenue streams include direct sales of lithium-ion batteries to manufacturers of electric vehicles and other transportation modes, as well as stationary energy storage systems for commercial and residential applications. The company also engages in long-term contracts and partnerships with various industries, including automotive and renewable energy sectors, which provide recurring revenue. Furthermore, Leclanché benefits from government incentives and subsidies for clean energy initiatives, enhancing its financial performance.

Leclanche SA Financial Statement Overview

Summary

Leclanche SA faces significant financial challenges with negative margins, high leverage, and negative cash flow. Persistent losses and operational inefficiencies highlight financial instability, while stagnant revenue growth suggests limited short-term improvement.

Income Statement

Leclanche SA exhibits a challenging financial position with persistent negative margins. The gross profit margin remains negative, indicating cost of goods sold exceeds total revenue. Net profit margin is significantly negative, reflecting substantial losses. Revenue growth is stagnant, with only minor fluctuations over the years. EBIT and EBITDA margins are also negative, suggesting operational inefficiencies.

Balance Sheet

The balance sheet reveals high leverage with a negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not applicable due to negative equity, but total debt is substantial. Return on equity is negative, further highlighting profitability issues. The equity ratio is negative, pointing to financial instability.

Cash Flow

Free cash flow remains negative, though it shows slight improvement in recent years. The operating cash flow to net income and free cash flow to net income ratios are unfavorable, reflecting cash flow challenges. Despite positive financing cash flow, the company faces difficulties in generating sufficient operational cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.36M	17.20M	17.97M	18.93M	21.64M
Gross Profit	-1.31M	2.40M	-45.14M	-41.30M	-54.72M
EBITDA	-49.63M	-46.20M	-51.50M	-55.97M	-61.83M
Net Income	-67.67M	-67.53M	-85.55M	-79.97M	-78.22M
Balance Sheet
Total Assets	108.94M	106.05M	90.82M	89.68M	73.23M
Cash, Cash Equivalents and Short-Term Investments	5.17M	2.81M	1.36M	2.87M	1.77M
Total Debt	50.17M	92.60M	97.25M	73.98M	47.19M
Total Liabilities	152.74M	160.81M	148.25M	116.54M	95.65M
Stockholders Equity	-44.93M	-57.41M	-57.42M	-26.86M	-22.41M
Cash Flow
Free Cash Flow	-48.54M	-61.43M	-53.32M	-57.23M	-53.00M
Operating Cash Flow	-39.06M	-45.25M	-46.51M	-51.92M	-45.37M
Investing Cash Flow	-9.43M	-15.34M	-6.28M	-5.75M	-9.78M
Financing Cash Flow	50.92M	62.10M	51.29M	59.17M	55.36M

Leclanche SA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LECN, the sentiment is Neutral. The current price of 0.16 is above the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.17, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 36.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CH:LECN.

Leclanche SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABBN	78 Outperform	CHF105.88B	28.28	31.76%	1.53%	1.93%	11.14%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
LAND	47 Neutral	CHF1.53B	―	-9.35%	2.17%	-32.13%	-386.99%
LEHN	45 Neutral	$495.08M	58.99	5.19%	―	-11.90%	-78.34%
LECN	38 Underperform	CHF160.71M	―	―	―	32.23%	3.16%

Leclanche SA Corporate Events

Leclanché Announces CFO Departure and Transition Plans

Leclanché SA has announced the departure of its Chief Financial Officer, Hubert Angleys, who left at the end of his contract on November 30, 2025. The company is in the final stages of selecting a new CFO and has engaged a renowned auditing firm to support the finance department during this transition. CEO Pierre Blanc expressed gratitude for Angleys’ contributions, highlighting his role in improving financial operations and aiding in fundraising efforts. The transition is expected to be smooth, with Angleys potentially assisting until a permanent successor is appointed.

Leclanché Reports Fire Incident at Module Assembly Line

Leclanché SA reported a fire incident at its module assembly line in Yverdon-les-Bains, affecting a single battery module but causing no injuries or building damage. The company is assessing the damage to resume production quickly, while the rest of the production remains unaffected. An investigation is ongoing with relevant authorities to determine the cause.

Leclanché Secures EU Funding for Sustainable Battery Production Expansion

Leclanché SA has secured a 74.2 million euro funding agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) to support sustainable battery production in Europe. This funding will enable the expansion of its production site in Willstätt to a capacity of 2 GWh, enhancing its lithium-ion cell production using environmentally friendly technology. This initiative is part of a broader EU effort to boost clean battery production and reduce reliance on imports, aligning with the European Green Deal. While the funding marks a significant milestone for Leclanché, the company must secure additional financing of 141.3 million euros by June 2026 to fully implement the project. Leclanché is actively engaging with potential partners to ensure the necessary capital structure and maintain operations amid current liquidity challenges.

Leclanché Ends Strategic Partnership with Pinnacle International

Leclanché SA announced the termination of its strategic partnership agreements with Pinnacle International Venture Capital Limited due to Pinnacle’s failure to disclose the final investment amount and structure. This decision impacts Leclanché’s strategic growth plans, as the partnership was intended to provide significant funding. The termination also affects an option agreement related to Leclanché shares, previously held by SEF-LUX, indicating a shift in the company’s financial strategy and potential implications for stakeholders.

Leclanché Expands Maritime Presence with Hybrid Cruise Ship Battery Installation

Leclanché SA has partnered with Century Ship Services to install 4 MWh Navius MRS-3 battery systems in a hybrid cruise ship, marking its first installation in the ocean cruise sector. This collaboration is a significant step for Leclanché’s maritime expansion and aligns with the industry’s shift towards sustainable cruising, supporting EU and IMO emission targets. The ship, part of a growing hybrid fleet, is designed for CO2-neutral operation, highlighting the increasing momentum towards electrification in the maritime industry.

Leclanché SA Reports Revenue Growth Amid Financial Challenges in H1 2025

Leclanché SA reported a 39% increase in revenue for the first half of 2025, reaching 7.0 million CHF, reflecting its strategic focus on growth. However, the company also faced a net loss of 38.8 million CHF, highlighting ongoing financial pressures and reliance on external financing. Despite these challenges, Leclanché is investing in research and development to strengthen its market position and expand its technological leadership. The company aims to achieve sustainable competitive advantages and improve financial performance by focusing on existing projects and innovation while postponing new market entries until long-term financing is secured.