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DEOLEO S.A. (ES:OLE)
BME:OLE
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DEOLEO S.A. (OLE) AI Stock Analysis

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ES:OLE

DEOLEO S.A.

(BME:OLE)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
€0.35
▲(1.47% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by uneven financial performance: volatile profitability, a material 2025 revenue decline, and weakened free cash flow despite returning to profit. Offsetting this, the balance sheet has de-risked with improved leverage, and the technical setup is moderately positive with the price above key moving averages and neutral momentum. Valuation is reasonable at ~17.45x earnings, but the lack of a provided dividend yield limits support from income factors.
Positive Factors
Improved Balance Sheet Leverage
Deoleo's substantially lower debt-to-equity over the multi-year period reduces refinancing and liquidity risk and increases capital flexibility. A de-risked balance sheet supports durable investment in brands, working capital buffers, and weathering commodity cycles without forcing distressed asset sales.
Negative Factors
Volatile Revenue and Profitability
Large swings in revenue and profits indicate unstable demand, margin or cost pass-through dynamics. Such volatility undermines forecasting, weakens operating leverage, and can force cyclical cost cuts or promotional spending that erode long-term brand economics and margin sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet Leverage
Deoleo's substantially lower debt-to-equity over the multi-year period reduces refinancing and liquidity risk and increases capital flexibility. A de-risked balance sheet supports durable investment in brands, working capital buffers, and weathering commodity cycles without forcing distressed asset sales.
Read all positive factors

DEOLEO S.A. (OLE) vs. iShares MSCI Spain ETF (EWP)

DEOLEO S.A. Business Overview & Revenue Model

Company Description
Deoleo, S.A. is a Spain-based entity involved in the comprehensive cycle of producing, processing, and distributing vegetable oils, alongside a broad spectrum of other food and agricultural commodities. Its market reach extends across Spain, Italy...
How the Company Makes Money
Deoleo makes money mainly by selling branded bottled edible oils—primarily olive oil—through wholesale and retail distribution as well as foodservice and industrial channels. Its core revenue stream is the sale of finished, packaged products under...

DEOLEO S.A. Financial Statement Overview

Summary
Financials are mixed: profitability and revenue have been volatile (losses in 2023–2024, modest profit in 2025 with ~11% revenue decline). The balance sheet has improved with more manageable leverage (debt-to-equity down to ~0.57), but cash flow quality is a concern as free cash flow fell sharply in 2025 and was negative in 2023, indicating sensitivity in weaker operating environments.
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
41
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue820.95M996.65M837.62M827.45M703.08M
Gross Profit129.90M156.27M163.46M150.68M193.45M
EBITDA49.09M-23.18M-4.02M42.97M57.50M
Net Income9.40M-28.32M-17.98M2.71M30.86M
Balance Sheet
Total Assets804.54M840.04M832.96M880.82M901.02M
Cash, Cash Equivalents and Short-Term Investments32.59M54.13M31.93M68.31M13.45M
Total Debt126.79M166.05M149.03M167.07M203.42M
Total Liabilities373.28M424.52M361.68M375.70M404.20M
Stockholders Equity217.33M209.95M238.90M256.63M252.88M
Cash Flow
Free Cash Flow8.88M3.72M-15.85M13.36M23.58M
Operating Cash Flow16.80M8.80M-11.35M16.86M27.58M
Investing Cash Flow-7.53M-4.49M-4.25M3.71M5.24M
Financing Cash Flow-30.82M17.90M-19.24M-41.48M-18.96M

DEOLEO S.A. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.34
Price Trends
50DMA
0.32
Positive
100DMA
0.30
Positive
200DMA
0.26
Positive
Market Momentum
MACD
<0.01
Positive
RSI
50.87
Neutral
STOCH
36.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:OLE, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.32, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.87 is Neutral, neither overbought nor oversold. The STOCH value of 36.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:OLE.

DEOLEO S.A. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
€3.11B13.8715.03%1.84%-2.65%-22.92%
73
Outperform
€2.78B12.489.51%2.92%-4.44%13.17%
73
Outperform
€2.60B16.1517.35%5.82%2.71%2.06%
56
Neutral
€164.00M17.454.42%-15.27%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
45
Neutral
€6.90M-53.331.23%2.56%-117.93%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ES:OLE
DEOLEO S.A.
0.33
0.15
80.22%
ES:EBRO
EBRO FOODS
18.10
1.28
7.60%
ES:MCM
Miquel y Costas and Miquel
13.50
-0.49
-3.54%
ES:PVA
Pescanova
0.24
-0.07
-21.82%
ES:VID
Vidrala
88.60
0.57
0.64%
ES:VIS
Viscofan
56.70
-0.09
-0.16%

DEOLEO S.A. Corporate Events

Deoleo Board Approves 2026 Half-Year Financial Report
Jul 30, 2026
Deoleo S.A. has released its first half-year 2026 financial report, with management stating that the summarized accounts give a true and fair view of the group&#8217;s assets, financial position and results. The interim management report is also c...
Deoleo Sees Olive Oil Market Normalising After Two Tough Harvests
Jun 17, 2026
Deoleo informed shareholders that its chairman and CEO addressed the Ordinary General Shareholders&#8217; Meeting in Rivas Vaciamadrid, focusing on the sector backdrop and the company&#8217;s role in the olive oil market. Management highlighted th...
Deoleo Shareholders Approve 2025 Accounts and Allocate Losses to Accumulated Results
Jun 17, 2026
Deoleo&#8217;s ordinary general shareholders&#8217; meeting, held on 16 June 2026 with 58.878% of share capital present, approved the company&#8217;s individual and consolidated annual accounts and management reports for the 2025 financial year. T...
Deoleo Secures €4 Million Through Fully Subscribed 2026 Bond Issue
Jun 5, 2026
Deoleo S.A. has completed a four million euro bond issue consisting of 4,000 bonds with a nominal value of 1,000 euros each, identified by ISIN code ES0210047009. The bonds, referred to as Bonds 2026, were fully subscribed and paid up by 99 invest...
Deoleo Calls June 2026 Shareholders’ Meeting to Approve 2025 Accounts and Board Changes
May 13, 2026
Deoleo&#8217;s board has convened its Ordinary General Shareholders&#8217; Meeting for 16 June 2026 in Rivas Vaciamadrid, with a potential second call on 17 June if quorum is not met. The company has published the official notice, proposed resolut...
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.Date of analysis: Aug 04, 2026