COIL (ALCOI) AI Stock Analysis

• Market Cap: €3.29M
• Dividend Yield: N/A
• Average Volume (3M): 1.16K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: -7.28%
• EPS Growth: -332.12%
• Country: FR
• Employees: 110
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): -1.27
• Shares Outstanding: 1,802,222
• 10 Day Avg. Volume: 911
• 30 Day Avg. Volume: 1,161
• PEG Ratio: -0.06
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 14.10
• 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: 44 Neutral
• Price Target: €1.00 ▼(-19.35% Downside)

The overall stock score of 44 reflects significant challenges. Financial performance is mixed with positive revenue growth but weak profitability. Technical analysis indicates bearish momentum with oversold conditions. Valuation is a major concern due to negative earnings and lack of dividends. These factors collectively suggest caution for potential investors.

Positive Factors

Revenue Growth

Consistent year-over-year revenue growth (10.53% from 2023 to 2024) indicates sustained demand or successful commercial traction in COIL's aluminum operations. Durable top-line expansion supports scaling, improves operating leverage potential, and underpins longer-term margin recovery if costs are controlled.

High Gross Margin

A 61.87% gross profit margin in 2024 implies favorable direct production economics or pricing power, creating a durable buffer to absorb SG&A and fixed costs. Strong gross margins provide structural capacity to invest in efficiency and withstand commodity price swings over the medium term.

Balance Sheet Strength & Cash Generation

A high equity ratio (63.27%) and manageable leverage (debt-to-equity ~0.28), combined with a return to positive free cash flow in 2024, give COIL durable financial flexibility. This capital structure and improving cash generation reduce refinancing risk and support necessary investments or deleveraging over the medium term.

Negative Factors

Persistent Unprofitability

Ongoing net losses and negative EBIT point to structural profitability issues. Persistent operating deficits erode equity, constrain reinvestment, and may force reliance on external funding, limiting strategic flexibility and putting long-term value creation at risk unless margins sustainably improve.

Eroding Operational Margins

The sharp fall in EBITDA margin from 9.61% to 0.98% signals worsening operational efficiency or cost pressures. Such margin erosion reduces internal cash flow capacity, heightens vulnerability to aluminum price cycles, and makes sustained margin recovery critical for long-term solvency and investment ability.

Shrinking Asset Base & Cash Volatility

Declining assets and shareholder equity suggest shrinking scale or possible write-downs, weakening the company's balance sheet depth. Coupled with historical cash flow volatility, this raises execution and financing risk for capital projects, debt servicing, and consistent operational planning over the medium term.

COIL Business Overview & Revenue Model

Company Description

Coil S.A./N.V. provides anodizing services on aluminum flat rolled products in coil form, sheets, and panels in Europe. Its products are used in various applications, which include architectural, public works, welded tubes, automotive, consumer goods, medical, aerospace, and signage. The company offers its products under the ALOXIDE, X-ICONIC, X-WALL, X-BOND, X-FLEX, X-DECO, X-TECH, X-TREAD, X-3D, X-MED, and X-SKY brand names. It serves customers through a network of distributors. The company was founded in 1972 and is headquartered in Landen, Belgium.

How the Company Makes Money

COIL generates revenue through multiple channels, primarily by selling its proprietary energy storage systems and charging solutions to businesses and consumers. The company also earns income from service contracts related to the installation and maintenance of its products. Additionally, COIL engages in strategic partnerships with energy providers and technology firms, allowing it to expand its market reach and enhance its product offerings. These collaborations not only contribute to direct sales but also facilitate access to new customer segments and enhance brand visibility, ultimately driving revenue growth.

COIL Financial Statement Overview

Summary

COIL's financial performance is mixed. Revenue growth is positive, but profitability is weak due to continuous net losses and negative EBIT margins. The balance sheet is stable with good equity levels and manageable debt, but declining assets and equity pose risks. Cash flow stability is improving, yet historical volatility suggests caution.

Income Statement

The company shows mixed performance in the income statement. The revenue growth from 2023 to 2024 is positive, indicating a 10.53% increase. However, profitability margins are concerning as the company has negative EBIT and net income consistently, with a declining EBITDA margin from 9.61% in 2023 to 0.98% in 2024. The gross profit margin in 2024 is strong at 61.87%, but overall profitability remains weak due to high operational losses.

Balance Sheet

The balance sheet reflects a stable equity position with a high equity ratio of 63.27% in 2024. Despite a reduction in total assets, the company maintains a reasonable debt-to-equity ratio of 0.28, which indicates prudent financial leverage. However, the declining stockholders' equity and the presence of net debt highlight potential long-term financial risks.

Cash Flow

Cash flow analysis shows improvement with positive free cash flow in 2024, a significant turnaround from negative free cash flow in 2023. The operating cash flow to net income ratio has improved, albeit from a negative base, indicating better cash management. However, fluctuations in cash flows from previous years indicate potential volatility in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.64M	24.15M	21.85M	26.66M	25.23M	23.00M
Gross Profit	12.96M	14.94M	14.19M	4.44M	8.43M	4.71M
EBITDA	-4.87M	236.00K	2.10M	2.94M	6.30M	1.09M
Net Income	-7.17M	-3.16M	-2.22M	-2.98M	2.06M	-3.25M
Balance Sheet
Total Assets	28.18M	28.81M	31.33M	37.51M	43.46M	45.13M
Cash, Cash Equivalents and Short-Term Investments	294.00K	496.00K	187.00K	990.00K	2.22M	759.00K
Total Debt	4.74M	5.10M	5.38M	7.11M	6.13M	9.39M
Total Liabilities	13.52M	10.59M	9.94M	13.90M	14.23M	18.03M
Stockholders Equity	14.67M	18.22M	21.39M	23.61M	29.23M	27.10M
Cash Flow
Free Cash Flow	-1.06M	592.00K	-1.55M	420.00K	4.66M	-165.00K
Operating Cash Flow	-514.00K	1.26M	-936.00K	1.20M	5.54M	435.00K
Investing Cash Flow	-549.00K	-667.00K	1.86M	-777.00K	-887.00K	-600.00K
Financing Cash Flow	-212.00K	-282.00K	-1.73M	-1.66M	-3.19M	631.00K

COIL Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALCOI, the sentiment is Negative. The current price of 1.24 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.24, and below the 200-day MA of 1.83, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 37.14 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALCOI.

COIL Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALLUX	70 Outperform	€83.64M	11.95	5.86%	2.61%	5.52%	-22.32%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALCOI	44 Neutral	€3.29M	-0.46	―	―	-7.28%	-332.12%