Want to see ES:AMP full AI Analyst Report?
Top Page
Amper SA
(BME:AMP)
Select Model
Select Model
Rating:41Neutral
Price Target:
€4.50
▼(-1.96% Downside)
Action:N/A
Date:07/31/26
The score is held down primarily by weak financial performance—especially deeply negative free cash flow and a sharp revenue decline—alongside thin net profitability and elevated leverage. Technicals are mixed with the stock below key shorter-term moving averages, and valuation is a headwind given the high P/E with no dividend yield data to offset it.
Positive Factors
Project-driven B2B/B2G revenue
Amper’s model of project delivery plus installation, maintenance and lifecycle services for B2B/B2G clients creates contracted and repeatable revenue streams. Milestone billing and service tails support more predictable cashflow and durable customer relationships in mission‑critical implementations.
Negative Factors
Sharp revenue decline
A ~36.6% revenue drop materially reduces scale and the company’s ability to absorb fixed costs. Large top‑line contractions heighten earnings and cashflow volatility, weaken negotiating leverage with suppliers, and increase execution risk for sustaining long‑term margins and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Project-driven B2B/B2G revenue
Amper’s model of project delivery plus installation, maintenance and lifecycle services for B2B/B2G clients creates contracted and repeatable revenue streams. Milestone billing and service tails support more predictable cashflow and durable customer relationships in mission‑critical implementations.
Read all positive factors
Amper SA (AMP) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€388.81M
Dividend YieldN/A
Average Volume (3M)6.30M
Price to Earnings (P/E)57.4
Beta (1Y)0.53
Revenue Growth-32.84%
EPS Growth1095.83%
CountryES
Employees2,827
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding91,044,960
10 Day Avg. Volume6,142,165
30 Day Avg. Volume6,298,436
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.13
Price to Sales (P/S)1.10
P/FCF Ratio-5.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Amper SA Business Overview & Revenue Model
Company Description
Amper, S.A., established in Madrid, Spain, in 1956, delivers a broad spectrum of industrial and technological solutions to clients both within Spain and globally. The company specializes in the deployment of FTTH fiber optic and mobile telecommuni...
How the Company Makes Money
Amper makes money mainly by delivering engineering and technology projects and related services under customer contracts. Its revenue model is primarily business-to-business/business-to-government and is typically driven by: (1) project and system...
Amper SA Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 293.75M | 281.73M | 419.47M | 369.38M | 323.37M | 307.71M |
| Gross Profit | 84.93M | 37.59M | 234.40M | 202.05M | 177.71M | 174.58M |
| EBITDA | 70.43M | 40.78M | 37.11M | 28.69M | 19.63M | 22.88M |
| Net Income | -1.92M | 1.38M | 142.00K | -1.49M | -4.73M | 7.07M |
Balance Sheet | ||||||
| Total Assets | 584.99M | 552.18M | 408.41M | 374.71M | 358.73M | 312.85M |
| Cash, Cash Equivalents and Short-Term Investments | 106.57M | 132.07M | 37.73M | 30.14M | 30.28M | 34.19M |
| Total Debt | 219.81M | 208.26M | 122.82M | 110.66M | 118.74M | 105.33M |
| Total Liabilities | 438.93M | 403.79M | 345.11M | 297.61M | 293.25M | 245.73M |
| Stockholders Equity | 145.58M | 146.22M | 61.65M | 75.06M | 50.03M | 64.03M |
Cash Flow | ||||||
| Free Cash Flow | -64.83M | -57.90M | -14.27M | -21.23M | -11.39M | -22.80M |
| Operating Cash Flow | 31.38M | 909.00K | 15.79M | 4.80M | -143.00K | -12.84M |
| Investing Cash Flow | -117.71M | -75.51M | -24.74M | -26.23M | -12.72M | -15.16M |
| Financing Cash Flow | 199.17M | 170.94M | 22.23M | 23.86M | 28.68M | 24.62M |
Amper SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €10.01B | 22.63 | 25.11% | 0.56% | 23.99% | 16.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €305.68M | 61.43 | 4.21% | ― | 21.31% | -12.38% | |
47 Neutral | €424.45M | 40.31 | 4.81% | 1.89% | -10.49% | -38.69% | |
41 Neutral | €388.81M | 57.43 | 0.54% | ― | -32.84% | 1095.83% |
* General Sector Average
ES:AMP
Amper SA
4.88
1.46
42.78%
ES:IDR
Indra Sistemas
63.16
28.70
83.29%
ES:DOM
Global Dominion Access SA
2.80
-0.40
-12.49%
ES:ALC
Altia Consultores S.A.
6.90
0.66
10.51%
ES:IZER
Izertis SA
8.44
-1.66
-16.44%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
4.02
-0.22
-5.19%
Amper SA Corporate Events
Amper buys Freqcon unit to boost energy resilience and expand in Central Europe
Jul 31, 2026
Amper S.A. has acquired the productive unit of German firm Freqcon GmbH, which specializes in energy management and storage equipment, including its assets and technological platform. The €1.7 million transaction, completed within Freqcon...
COFIDES Invests €20 Million in Amper’s Offshore Windwaves Unit
Jul 30, 2026
Amper has agreed a 20 million euro investment from Spanish development finance institution COFIDES into its offshore wind subsidiary Offshore Windwaves, S.L., giving COFIDES a 30% stake via a capital increase. The funding will underpin new offshor...
Amper Completes Capital Reduction and Reverse Share Split on Spanish Bourses
Jul 22, 2026
Amper has completed a capital reorganisation involving a minor capital reduction through the cancellation of twelve treasury shares and a reverse split of its entire share capital. The move consolidates existing shares into new ordinary shares on ...
Amper Restructures Share Capital With Reverse Split and New Listing
Jul 21, 2026
Amper, S.A. has completed a capital reorganization involving a small reduction of share capital through the cancellation of treasury shares and a reverse stock split consolidating existing shares into new ordinary shares with a higher nominal valu...
Amper Completes Capital Reduction and Reverse Split to Restructure Share Base
Jul 21, 2026
Amper S.A. has completed a capital restructuring that reduces the number of shares in issue while significantly increasing their nominal value. The company cancelled a small number of treasury shares and carried out a reverse split at a ratio of o...
Amper Reshapes Capital Structure With Reverse Share Split on Spanish Bourses
Jul 21, 2026
Amper S.A. has completed a capital restructuring that reduces the number of outstanding shares and increases their nominal value, while maintaining its listing across Spain’s main stock exchanges and the SIBE platform. The move underscores t...
Amper Implements Reverse Share Split and Technical Capital Reduction
Jul 7, 2026
Amper S.A. has announced that its board of directors will execute shareholder-approved changes to its capital structure, including a technical reduction of share capital via the cancellation of a small number of treasury shares to enable a reverse...
Amper Warns Shareholders on Limits of Meeting Presentation and Data
Jul 1, 2026
Amper, S.A. used its 2026 General Shareholders’ Meeting presentation to clarify that the materials provided are solely informational and do not constitute any form of offer or solicitation for its financial instruments. The company specifies...
Amper Board Member and Audit Chair to Step Down After 2026 Shareholders’ Meeting
Jul 1, 2026
Amper, S.A. has announced that independent director Ana López de Mendoza Laburu has voluntarily resigned from its Board of Directors, as well as from her roles as Chair of the Audit and Control Committee and member of the Sustainability Commi...
Amper Reshapes Board Committees and Confirms CEO in Governance Overhaul
Jul 1, 2026
Amper has overhauled the composition of its key board committees, appointing María del Rosario Casero Echeverri as chair of the Audit and Control Committee and adding María Luisa Poncela García as a member, following the resignation...
Amper shareholders back all board proposals at 2026 general meeting
Jul 1, 2026
Amper, S.A. reported that its 2026 Ordinary General Shareholders’ Meeting was held on second call in Pozuelo de Alarcón, with shareholders present or represented holding 33.26% of the company’s share capital. The meeting combined ...
Amper Wins €14 Million Contract to Support Brazil’s Universal Power Access Program
Jun 25, 2026
Amper, through its Brazilian subsidiary ELINSA do Brasil, has secured a contract worth more than €14 million from Equatorial Energía to deliver electrical services in the State of Pará under Brazil’s Programa Luz para Todos. ...
Amper Strikes €155 Million Deal to Acquire Teltronic Owner and Bolster Critical Communications
Jun 16, 2026
Amper, S.A. has signed a purchase agreement with Nazca Capital funds to acquire 100% of Next Gen Critical Comms, S.L.U., owner of Spanish mission‑critical radiocommunications specialist Teltronic, S.A.U. The deal strengthens Amper’s po...
Amper Calls 2026 Shareholders’ Meeting With Reverse Stock Split on Agenda
May 29, 2026
Amper, S.A. has called its Ordinary General Shareholders’ Meeting for 29 June 2026 on first call, or 30 June 2026 on second call, to be held in Pozuelo de Alarcón with both in-person and online attendance options. Shareholders will revi...
Amper Buys Zeleros Assets to Bolster Defense Tech Capabilities
May 26, 2026
Amper, S.A. has acquired the assets and technological capabilities of Zeleros Global, a Spanish specialist in dual-use energy storage and high-power electromagnetic systems for military applications, for approximately one million euros in the cont...
Amper Wins Key Contracts in Spanish Navy F-110 Frigate Program
May 22, 2026
Amper has secured two confidential-value contracts tied to the Spanish Navy’s F-110 frigate modernization program, covering manufacturing, structural integration and assembly of steel blocks and piping for the last three ships of the series....
Amper moves to acquire Teltronic owner in €155 million defence communications expansion
May 8, 2026
Amper, S.A. has signed a binding offer with Nazca Capital-managed funds to acquire 100% of Next Gen Critical Comms, S.L.U., owner of Spanish mission-critical radiocommunications specialist Teltronic, S.A.U. The deal targets expansion in strategic ...
Amper Launches First Capital Markets Day to Boost Investor Engagement
Apr 30, 2026
Amper, S.A. has convened its first Capital Markets Day, making the event accessible to investors and the public via a live online presentation in both Spanish and English. The company will also publish a recording of the session on its corporate w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.