Baikowski SA (ALBKK) AI Stock Analysis

• Market Cap: €82.93M
• Dividend Yield: 1.28%
• Average Volume (3M): 1.02K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.34
• Revenue Growth: 23.97%
• EPS Growth: 833.08%
• Country: US
• Employees: 160
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): 1.26
• Shares Outstanding: 3,678,578
• 10 Day Avg. Volume: 1,004
• 30 Day Avg. Volume: 1,024
• PEG Ratio: 0.05
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 1.20
• P/FCF Ratio: 8.96
• 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: 76 Outperform
• Price Target: €24.50 ▲(4.70% Upside)

Baikowski SA's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's robust revenue growth and operational efficiency, combined with a bullish market trend, suggest a favorable outlook. The valuation is reasonable, though the dividend yield is modest. Overall, the stock presents a solid investment opportunity in the chemicals industry.

Positive Factors

Revenue growth and margin improvement

Sustained double-digit revenue growth coupled with expanding gross and net margins indicates durable demand and improved operational leverage. This supports reinvestment in capacity and R&D, enhances ability to win long-term contracts, and strengthens earnings resilience over the medium term.

Free cash flow turnaround

A material swing to positive free cash flow demonstrates the company’s improving cash conversion and capital discipline. Reliable cash generation reduces reliance on external funding, enables funding of R&D and capex, and supports stable execution of multi-year contracts.

Conservative leverage and strong equity base

Low leverage and a high equity ratio provide financial flexibility to invest through cycles and absorb shocks. This conservative balance sheet reduces refinancing risk, supports strategic investments or acquisitions, and underpins long-term stability and creditor confidence.

Negative Factors

Reduction in cash reserves / liquidity risk

Declining cash buffers can constrain the company’s ability to fund working capital, R&D or absorb revenue downturns without raising external capital. Increased liquidity pressure would limit tactical flexibility and could raise financing costs over a multi-quarter horizon.

Volatility in profitability and cash flow

Historical swings in EBIT, net income and cash flows reduce predictability of free cash generation and complicate capital allocation. Persistent volatility can hinder long-term planning, make covenant compliance riskier, and raise the cost of external financing.

Exposure to cyclical end markets

Concentration in cyclical industries leaves revenue and margins sensitive to macro cycles and capex trends. Downturns in aerospace or automotive investment could materially reduce order visibility and strain utilization, affecting earnings durability over several quarters.

Baikowski SA Business Overview & Revenue Model

Company Description

Baikowski SA, together with its subsidiaries, designs, develops, produces, and sells ultra-pure alumina powders and formulations. The company also produces mineral oxides and composites, such as zirconia, and spinel, as well as YAG, ZTA, and ceria for technical ceramics, precision polishing, crystals, additives, and coatings applications. It serves lighting, telephone and watches, electronics, automotive, defense, and medical industries in France, rest of Europe, the Americas, Asia, and internationally. The company was founded in 1904 and is headquartered in Poisy, France.

How the Company Makes Money

Baikowski SA generates revenue through multiple key streams, primarily by selling its advanced metal powders and material solutions to clients in various high-demand industries such as aerospace, automotive, and electronics. The company employs a direct sales model, where it engages with large manufacturers and industrial clients to supply customized material solutions tailored to specific applications. Additionally, Baikowski benefits from long-term contracts and partnerships with prominent manufacturers, ensuring a steady stream of income. The company also invests in research and development to innovate new products, which can lead to new revenue opportunities and partnerships, further enhancing its earnings potential.

Baikowski SA Financial Statement Overview

Summary

Baikowski SA shows strong financial health with significant revenue growth and improved profitability margins. The company maintains a solid operational efficiency and a conservative leverage profile. However, past volatility in profitability and cash reserves requires attention.

Income Statement

Baikowski SA has demonstrated strong revenue growth, with a significant increase from €35.95 million in 2023 to €47.68 million in 2024. The gross profit margin improved to 22.72%, and the net profit margin increased to 7.95% in 2024, indicating enhanced profitability. The company’s EBIT margin of 9.88% and EBITDA margin of 17.37% reflect solid operational efficiency. However, past fluctuations in EBIT and net income suggest some volatility.

Balance Sheet

The company's debt-to-equity ratio stands at 0.29, indicating a conservative approach to leveraging, which is a positive sign of financial stability. The return on equity (ROE) improved to 8.28%, showing effective use of shareholder equity to generate profits. The equity ratio of 66.05% highlights a strong equity base relative to total assets. However, the reduction in cash reserves over the years could pose liquidity concerns.

Cash Flow

Baikowski SA's cash flow is robust, with a substantial increase in free cash flow from negative in 2023 to €6.39 million in 2024. The operating cash flow to net income ratio is strong, indicating effective conversion of net income into cash. The free cash flow to net income ratio is favorable, reflecting efficient capital expenditure management and solid cash generation. However, past variability in cash flows warrants monitoring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	48.38M	47.68M	35.95M	52.98M	44.85M	35.57M
Gross Profit	24.40M	10.83M	8.75M	14.49M	12.74M	6.42M
EBITDA	8.30M	8.28M	2.68M	10.06M	9.91M	5.30M
Net Income	6.24M	3.79M	938.00K	6.54M	6.78M	1.28M
Balance Sheet
Total Assets	73.75M	69.32M	65.30M	68.22M	64.99M	65.30M
Cash, Cash Equivalents and Short-Term Investments	9.36M	5.59M	7.15M	9.38M	9.39M	7.24M
Total Debt	16.02M	13.39M	15.64M	14.26M	13.96M	21.76M
Total Liabilities	25.80M	23.54M	23.43M	23.93M	24.18M	31.82M
Stockholders Equity	47.94M	45.78M	41.86M	44.28M	40.82M	33.47M
Cash Flow
Free Cash Flow	4.35M	6.39M	-2.40M	2.92M	8.96M	4.77M
Operating Cash Flow	7.47M	6.55M	785.00K	5.67M	10.62M	6.54M
Investing Cash Flow	-3.70M	-3.93M	-1.91M	-2.36M	-1.19M	-1.77M
Financing Cash Flow	65.00K	-4.31M	-954.00K	-3.23M	-7.01M	-2.24M

Baikowski SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALBKK, the sentiment is Negative. The current price of 23.4 is above the 20-day moving average (MA) of 22.55, above the 50-day MA of 22.65, and above the 200-day MA of 21.33, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.99 is Neutral, neither overbought nor oversold. The STOCH value of 63.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALBKK.

Baikowski SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALBKK	76 Outperform	€82.93M	13.29	13.64%	1.28%	23.97%	833.08%
AKE	62 Neutral	€3.88B	27.07	2.27%	7.05%	-2.71%	-57.75%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALCRB	57 Neutral	€184.91M	-4.41	-19.12%	―	90.91%	-22.05%
ERA	56 Neutral	€2.25B	-22.45	-7.36%	2.83%	-6.91%	-222.35%
NK	56 Neutral	€2.22B	-13.45	-5.29%	6.28%	-7.71%	-451.19%
ALHGR	47 Neutral	€77.27M	-8.91	-14.10%	―	76.56%	13.26%