Allane SE (LNSX) AI Stock Analysis

• Market Cap: €187.57M
• Dividend Yield: N/A
• Average Volume (3M): 86.00
• Price to Earnings (P/E): 6.3
• Beta (1Y): -0.11
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 703
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.42
• Shares Outstanding: 20,611,591
• 10 Day Avg. Volume: 53
• 30 Day Avg. Volume: 86
• PEG Ratio: <0.01
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.25
• P/FCF Ratio: -0.24
• 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): 0.35
• Revenue Forecast (FY): €677.49M

• Rating: 41 Neutral
• Price Target: €8.50 ▼(-4.49% Downside)
• Action: N/A Date: 01/14/26
• Date: Action: N/A 01/14/26

The score is primarily held back by weak financial quality: a 2024 net loss, sharply increased leverage, and severe negative operating/free cash flow that elevates balance-sheet risk. Technicals are also unfavorable with a clear downtrend, despite oversold readings. Valuation provides limited offset because the negative P/E is driven by losses and no dividend yield is available.

Positive Factors

Revenue Growth

A very large 2024 revenue upswing evidences strong demand traction and successful customer or fleet origination initiatives. Durable top-line momentum can support scale economics, better supplier terms and larger remarketing pools over the next several quarters.

Improving Gross and EBITDA Margins

Margin improvement signals pricing power, better contract mix, or operational leverage as the fleet and contract base grows. Sustained higher gross/EBITDA margins would enhance resilience to cost pressures and provide room to cover financing costs over time.

Recurring Leasing Business Model

Core leasing contracts generate recurring monthly cash flows, plus service and remarketing income. This multi‑stream model yields predictable contract revenue, aids customer retention and provides long‑term optionality from used‑car remarketing and ancillary services.

Negative Factors

Very High Leverage

Debt towering over equity creates material refinancing and solvency risk if earnings or used‑car prices deteriorate. Elevated leverage limits strategic flexibility, raises interest sensitivity, and reduces the company’s ability to absorb further operational setbacks over months.

Severely Negative Operating and Free Cash Flow

Deep cash outflows despite EBITDA strength imply cash-intensive fleet growth or working capital stress. Persistent negative OCF/FCF heightens refinancing needs, forces higher borrowing or asset sales, and can impair investment in remarketing or service capabilities over the medium term.

Net Loss and Weak Bottom‑Line Conversion

Despite strong revenue growth and better EBITDA margins, the net loss indicates heavy non‑operating charges, depreciation or financing costs that erode equity. Continued negative net income will impede rebuilding reserves and constrain capital structure repair over upcoming quarters.

Allane SE Business Overview & Revenue Model

Company Description

Allane SE, together with its subsidiaries, engages in the vehicle leasing business in Germany, Austria, Switzerland, France, and the Netherlands. It operates in four segments: Online Retail, Fleet Leasing, Captive Leasing, and Fleet Management. The company provides lease financing and related services for corporate customers that include cross-manufacturer online configuration, vehicle selection advisory, online approval procedure, vehicle procurement, vehicle maintenance, tire changing, breakdown and claims assistance, and claims management comprising insurance processing; and manages fuel cards, vehicle taxes, and radio license fees. It also operates an online retail business that serves private and commercial customers through sixt-neuwagen.de and autohaus24.de websites, as well as offers maintenance, wear and tear, inspection, tire, and insurance packages. In addition, the company manages vehicle fleets for medium-sized companies and international corporations; and sells used vehicles. Further, it provides FleetIntelligence, a cloud application for vehicle fleet analysis; Multibid Configurator for configuring fleet vehicles, comparing them with alternative vehicles, and carrying out tenders for vehicles; and My-Allane application for performing vehicle-related tasks, such as booking workshop appointments, as well as supports digital communication between fleet managers and company car users. The company was formerly known as Sixt Leasing SE and changed its name to Allane SE in August 2021. The company was founded in 1967 and is based in Garching bei München, Germany. Allane SE is a subsidiary of Hyundai Capital Bank Europe GmbH.

How the Company Makes Money

Allane SE primarily makes money by arranging and managing vehicle leasing contracts and earning income over the contract term. Key revenue streams typically include: (1) leasing-related income generated from monthly payments under operating or financial leasing arrangements, where pricing reflects vehicle cost, depreciation assumptions, and financing costs; (2) service and fee income from additional mobility-related services bundled with or sold alongside leasing (e.g., contract administration and customer support services), where applicable; and (3) proceeds from the remarketing (sale) of vehicles at the end of lease terms, where the realized resale value versus expected residual value can positively or negatively affect earnings. The company’s results are influenced by factors such as vehicle procurement conditions, financing costs, credit performance of customers, used-car market prices (residual values), and the mix of B2B versus retail customers. Specific material partnerships, exact segment revenue splits, and named counterparties are null.

Allane SE Financial Statement Overview

Summary

Despite a sharp 2024 revenue acceleration and improved gross/EBITDA margins, results are weighed down by a swing to a sizable net loss, materially higher leverage (debt up while equity fell), and very large negative operating and free cash flow in 2023–2024, which increases financing/refinancing risk.

Income Statement

Revenue accelerated sharply in 2024 (up ~288% YoY), and gross and EBITDA margins improved versus prior years, indicating stronger pricing/mix and operating scale. However, profitability deteriorated meaningfully: the company swung from a small profit in 2023 to a sizable net loss in 2024 (net margin ~-5.2%) and operating profit was essentially breakeven/negative, suggesting costs, depreciation/lease economics, or one-offs overwhelmed the revenue step-up. Overall: strong top-line momentum and solid gross/EBITDA profile, but weak bottom-line conversion and a notable 2024 setback.

Balance Sheet

Leverage increased materially: total debt rose to ~€2.0B in 2024 (from ~€1.17B in 2023), while equity declined to ~€195M, pushing debt relative to equity to very high levels (~10.1x vs ~5.0x in 2023). Returns to shareholders also turned negative in 2024 due to the net loss. Asset growth is substantial, but the capital structure is aggressive and leaves limited cushion if earnings and cash flows remain pressured.

Cash Flow

Cash generation deteriorated sharply: operating cash flow was deeply negative in 2024 (~-€773M) and free cash flow was also significantly negative (~-€781M), worsening from already negative levels in 2023. The negative operating cash flow despite reported EBITDA strength suggests heavy working-capital/lease fleet dynamics or cash costs not reflected in EBITDA, and it heightens financing/refinancing risk given the high debt load. Earlier periods show the business can generate cash (notably 2021 and modestly 2022), but the last two years are a major red flag.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	824.20M	747.28M	619.24M	571.12M	740.45M
Gross Profit	478.53M	403.42M	301.15M	270.18M	270.72M
EBITDA	392.86M	322.33M	221.38M	185.60M	184.46M
Net Income	-3.15M	-39.21M	8.85M	9.02M	5.84M
Balance Sheet
Total Assets	2.76B	2.44B	1.67B	1.22B	1.19B
Cash, Cash Equivalents and Short-Term Investments	14.58M	8.08M	5.19M	5.17M	1.66M
Total Debt	2.25B	1.96B	1.17B	805.91M	802.00M
Total Liabilities	2.56B	2.25B	1.44B	983.09M	974.63M
Stockholders Equity	206.58M	194.52M	235.90M	228.03M	219.45M
Cash Flow
Free Cash Flow	-466.08M	-781.43M	-353.01M	7.39M	141.81M
Operating Cash Flow	-459.45M	-772.96M	-339.24M	14.13M	157.91M
Investing Cash Flow	-3.97M	-6.93M	-12.58M	-6.73M	-16.09M
Financing Cash Flow	444.26M	782.08M	351.80M	-1.87M	-142.20M

Allane SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIH1	81 Outperform	€248.57M	4.42	5.20%	0.39%	20.83%	-54.40%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
LNSX	41 Neutral	€187.57M	6.31	-8.97%	―	―	―