Leclanche SA (LECN) AI Stock Analysis

• Market Cap: CHF210.65M
• Dividend Yield: N/A
• Average Volume (3M): 73.47K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.13
• Revenue Growth: 0.92%
• EPS Growth: 26.73%
• Country: CH
• Employees: 390
• Sector: Energy
• Sector Strength: 52
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 1,138,628,900
• 10 Day Avg. Volume: 92,014
• 30 Day Avg. Volume: 73,474
• 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: CHF0.28
• Price Target Upside: 47.37% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: CHF0.00 ▼(-100.00% Downside)

Leclanche SA's overall stock score is heavily impacted by its weak financial performance, characterized by persistent losses and high leverage. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to negative earnings. The absence of earnings call insights and corporate events leaves these factors unaddressed.

Leclanche SA Business Overview & Revenue Model

Company Description

Leclanché SA designs, develops, manufactures, and sells customized turnkey energy storage solutions for electricity generation and transmission, mass transportation, heavy industrial machines, and specialty low voltage battery systems. The company operates through three segments: Stationary Business Unit, e-Transport Business Unit, and Specialty Battery Business Unit. The Stationary Business Unit segment sells customized systems to support customers in electricity generation markets, such as renewable energy integration, micro-grid, or distributed power; and transmission and distribution markets. The e-Transport Business Unit segment sells customized systems to support customers in the mass marine, road, and rail transportation. The Specialty Battery Business Unit segment develops and delivers turn-key customized solutions and off-the-shelf solutions incorporating battery storage and/or charging solutions use in-house and third-party technologies for civil, military, medical, and industrial machineries markets. It operates in Switzerland, Norway, the Netherlands, Canada, France, the United States, Germany, and internationally. Leclanché SA was incorporated in 1909 and is headquartered in Yverdon-les-Bains, Switzerland.

How the Company Makes Money

Leclanché SA generates revenue primarily through the sale of its energy storage systems and lithium-ion battery solutions. Key revenue streams include contracts with clients in the transportation sector for electric vehicle battery systems, as well as partnerships with utility companies and renewable energy providers for grid energy storage solutions. The company also engages in projects involving microgrid installations that integrate its battery technology with renewable energy sources. Strategic partnerships and collaborations with industry leaders further enhance its market presence and contribute to its revenue growth. Additionally, Leclanché often benefits from governmental incentives and subsidies aimed at promoting clean energy solutions, which can positively impact its financial performance.

Leclanche SA Financial Statement Overview

Summary

Leclanche SA faces significant financial challenges with persistent losses, high leverage, and negative cash flow. The company exhibits operational inefficiencies and high liabilities, with stagnant revenue growth indicating 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: Negative
• Last Price: 0.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.21, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 72.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:LECN.

Leclanche SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABBN	77 Outperform	CHF106.58B	29.19	29.75%	1.54%	0.98%	7.92%
LAND	59 Neutral	CHF1.87B	-19.14	-11.44%	1.77%	-11.84%	-201.10%
LEHN	45 Neutral	CHF551.48M	67.34	6.67%	―	-24.36%	-87.16%
LECN	39 Underperform	CHF210.65M	―	―	―	0.92%	26.73%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Leclanche SA Corporate Events

Leclanché SA Strengthens Financial Position with Key Approvals at 2025 General Meeting

Leclanché SA held its ordinary General Meeting in 2025, where shareholders approved key financial restructuring initiatives, including converting CHF 17.7 million of liabilities into equity, which strengthens the company’s balance sheet and positions it for growth in electromobility. The meeting also saw the re-election of board members and approval of a capital increase, enhancing the company’s strategic flexibility and commitment to sustainable growth.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

Leclanché SA Proposes Capital Increase to Strengthen Financial Position

Leclanché SA has announced an amendment to its Board of Directors’ proposal for a capital increase at the upcoming general meeting. The proposal involves increasing the company’s share capital by CHF 11,287,676.20 through an ordinary capital increase, with the issue price set within a specific range to align with the SEF Convertible Loan Agreements. This move is aimed at improving the company’s financial situation by converting debt into equity, which is expected to strengthen its balance sheet without providing additional advantages to SEF.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

Leclanché SA to Strengthen Board with New Appointments

Leclanché SA’s majority shareholder, SEF-LUX, intends to propose the appointment of two new members, Jean-Michel Pacaud and Raphaël Houillon, to the company’s Board of Directors at the upcoming Annual General Meeting. This move aims to enhance the board’s expertise in governance, strategic transactions, private equity, and operational restructuring, positioning Leclanché for sustainable growth and strengthening its corporate governance.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

Leclanché Secures EU Innovation Fund Grant for EV Battery Production

Leclanché has been selected to receive a grant from the EU Innovation Fund as part of an 852 million euro investment in six innovative projects for electric vehicle battery production across Europe. The company’s project, which involves expanding its plant in Willstätt, Germany, to scale water-based and PFAS-free cell production, was recognized for its high quality and technological maturity. This selection underscores Leclanché’s strategic importance in advancing sustainable manufacturing processes and supports Europe’s transition to a clean and competitive industrial base.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

Leclanché SA Announces General Meeting with Key Financial Restructuring Plans

Leclanché SA has announced its upcoming General Meeting scheduled for August 5, 2025, where significant financial restructuring measures will be discussed. The Board of Directors proposes converting CHF 18.0 million of debt into company shares to improve the balance sheet, reflecting ongoing efforts to address liquidity challenges and strengthen financial stability.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

Leclanché SA Reports 2024 Financial and ESG Progress

Leclanché SA published its 2024 Annual Report and ESG Report, showing a consolidated revenue of CHF 18.4 million and a reduced net loss of CHF 67.7 million. The company strengthened its balance sheet by converting CHF 84.7 million of debt into equity and plans further conversions. A patronage agreement and a strategic collaboration with Pinnacle International Venture Capital aim to support expansion and financial resilience. The ESG report highlights progress in emissions reduction and sustainability initiatives, aligning with key regulations and enhancing stakeholder engagement.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

Leclanché Unveils Certified Navius MRS-3 at Electric & Hybrid Marine Expo Europe 2025

Leclanché has introduced its certified Navius MRS-3 Marine Rack System at the Electric & Hybrid Marine Expo Europe 2025 in Amsterdam, a key event for the maritime industry’s shift towards electrification. The Navius MRS-3, designed for high energy density and safety, supports hybrid and fully electric ship applications, helping reduce emissions and improve fuel efficiency. The system’s certification by Lloyd’s Register, Bureau Veritas, and DNV underscores its compliance with top industry standards, positioning Leclanché as a leader in maritime decarbonization efforts.

Leclanché Launches Production of Advanced Marine Energy Systems

Leclanché SA has commenced series production of its Navius MRS-3 Marine Rack Systems, a significant advancement in maritime energy storage designed to meet the increasing demand for emission-free ship solutions. The Navius MRS-3, certified by leading maritime safety organizations, offers high energy density and modular scalability, playing a crucial role in the shipping industry’s shift towards hybrid and fully electric drives, thus enhancing Leclanché’s market position in sustainable maritime technology.