Arcure SA (ALCUR) AI Stock Analysis

• Market Cap: €16.95M
• Dividend Yield: N/A
• Average Volume (3M): 22.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: -26.18%
• EPS Growth: -119.92%
• Country: FR
• Employees: 44
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.19
• Shares Outstanding: 5,927,903
• 10 Day Avg. Volume: 17,094
• 30 Day Avg. Volume: 22,740
• PEG Ratio: -4.71
• Price to Book (P/B): 3.16
• Price to Sales (P/S): 1.42
• P/FCF Ratio: -18.13
• 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: 59 Neutral
• Price Target: €3.00 ▲(22.45% Upside)

The score is primarily supported by improving financial performance (revenue growth and better profitability), but is held back by negative free cash flow and a relatively liability-heavy balance sheet. Technicals remain mixed with price still below key longer-term averages, and valuation is less attractive/less reliable due to a negative P/E and no dividend support.

Positive Factors

Margin improvement

Improving gross and net margins in 2024 indicate the company has tightened cost structure and increased pricing or mix power. Durable margin expansion supports reinvestment in R&D and sales, enhances resilience through cycles, and increases the odds of sustained profitability.

Multi-year revenue growth

Consistent revenue growth over several years signals product-market fit and scalable demand for Arcure's sensors and software. A multi-year top-line uptrend supports operating leverage, long-term planning, and stronger customer relationships versus one-off sales spikes.

Partnerships and diversified revenue streams

Established partnerships and a mix of hardware sales, software licensing, and maintenance create diversified, recurring revenue channels. Structural partnerships expand distribution, enable joint projects, and reduce customer concentration, improving long-term revenue predictability.

Negative Factors

Negative free cash flow

Persistently negative free cash flow limits the firm's ability to self-fund growth, R&D, and capex. Over months to years this can force external financing, increase dilution or leverage, and constrain strategic flexibility if operating cash conversion does not improve.

Elevated liabilities vs equity

A liability-heavy balance sheet raises refinancing and interest-rate sensitivity, reducing financial headroom. In capital-intensive industrial markets this structural leverage can limit investment in product development and make the company more vulnerable to demand shocks.

Historical profitability volatility

Volatile past profitability and prior losses increase execution risk: durable improvement must be sustained to validate management strategy. Earnings variability complicates budgeting, raises forecast risk, and may necessitate conservative planning to lock in operational gains.

Arcure SA Business Overview & Revenue Model

Company Description

Arcure S.A. develops detection solutions for enhancing the autonomy of industrial machinery worldwide. The company provides Blaxtair, which offers solutions for securing the perimeter around mobile industrial machinery and robots. It also offers Omega, a smart and robust stereoscopic camera that calculates the disparity map and provides metadata to the user. Arcure S.A. was founded in 2009 and is headquartered in Pantin, France.

How the Company Makes Money

Arcure generates revenue through the sale of its advanced sensor technologies and software solutions to businesses in sectors such as logistics, manufacturing, and construction. The company's primary revenue streams include direct sales of hardware products, licensing fees for its software solutions, and ongoing maintenance and support services. Additionally, Arcure has established partnerships with key players in the automation and robotics industries, which help to expand its market reach and enhance its product offerings. These collaborations often lead to joint projects and increased sales opportunities, contributing significantly to the company's overall earnings.

Arcure SA Financial Statement Overview

Summary

Improving fundamentals with revenue growth and a return to positive net margin in 2024, alongside better gross/EBIT/EBITDA margins. Offsetting this, free cash flow is still negative and historical profitability has been volatile; liabilities remain relatively high versus equity.

Income Statement

Arcure SA has shown a positive trend with revenue increasing from 2020 to 2024, demonstrating strong growth. The gross profit margin improved markedly in 2024 compared to previous years, indicating efficient production and operational processes. The net profit margin was positive in 2024, a significant turnaround from prior losses. EBIT and EBITDA margins also showed improvement, reflecting operational efficiency. However, past losses and fluctuations in profitability present some risk.

Balance Sheet

The company's balance sheet reflects a stable equity position with an improving debt-to-equity ratio, suggesting manageable leverage. The return on equity has improved as profitability increased, indicating better returns for shareholders. However, the company has a relatively high level of liabilities compared to equity, which could pose risks if not managed carefully.

Cash Flow

Arcure SA's cash flow presents a mixed picture. The operating cash flow to net income ratio indicates a reasonable conversion of profits to cash, but free cash flow remains negative, which could be a concern for long-term sustainability. The free cash flow growth rate is negative, indicating challenges in generating sufficient cash after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.90M	18.70M	18.20M	13.03M	10.43M	7.84M
Gross Profit	2.79M	8.22M	4.86M	1.90M	78.38K	-2.36M
EBITDA	3.56M	14.45M	3.31M	986.31K	-857.80K	-1.77M
Net Income	-590.00K	1.75M	1.80M	55.36K	-2.23M	-4.33M
Balance Sheet
Total Assets	19.77M	20.93M	18.83M	18.85M	13.76M	15.45M
Cash, Cash Equivalents and Short-Term Investments	2.97M	3.30M	3.73M	4.89M	1.81M	5.47M
Total Debt	8.14M	8.60M	7.77M	8.91M	5.49M	5.97M
Total Liabilities	12.70M	12.53M	12.01M	13.75M	10.22M	9.85M
Stockholders Equity	7.08M	8.40M	6.82M	5.10M	3.54M	5.60M
Cash Flow
Free Cash Flow	-1.26M	-1.47M	-40.06K	-1.90M	-3.56M	-3.08M
Operating Cash Flow	2.60M	1.14M	2.19M	593.89K	-1.43M	-1.19M
Investing Cash Flow	-2.50M	-2.54M	-2.22M	-2.47M	-2.12M	-1.88M
Financing Cash Flow	930.00K	904.00K	-1.08M	4.94M	-163.45K	1.74M

Arcure SA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.45
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALCUR, the sentiment is Neutral. The current price of 2.45 is below the 20-day moving average (MA) of 2.87, below the 50-day MA of 2.79, and below the 200-day MA of 3.73, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 51.54 is Neutral, neither overbought nor oversold. The STOCH value of 29.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALCUR.

Arcure SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ALNSC	61 Neutral	€34.15M	3.62	―	1.69%	1.45%	91.07%
ALCUR	59 Neutral	€16.95M	-28.67	―	―	-26.18%	-119.92%