Ecoslops SA (ALESA) AI Stock Analysis

• Market Cap: €4.61M
• Dividend Yield: N/A
• Average Volume (3M): 3.96K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: FR
• Employees: 47
• Sector: Energy
• Sector Strength: 52
• Industry: Waste Management
• EPS (TTM): -0.19
• Shares Outstanding: 5,189,566
• 10 Day Avg. Volume: 3,754
• 30 Day Avg. Volume: 3,962
• PEG Ratio: 0.02
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.30
• P/FCF Ratio: 0.00
• 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: 48 Neutral
• Price Target: €0.85 ▲(15.00% Upside)

Overall score is constrained primarily by weak financial performance: persistent losses, negative operating cash flow, and high leverage with declining equity. Technicals are a relative positive with price above key moving averages and positive MACD, but valuation remains challenged due to negative earnings and no dividend yield data.

Positive Factors

Circular waste-to-resources business model

The core business converts maritime slops and oily residues into commercial petroleum outputs, aligning revenue with ongoing port activity and regulatory waste management needs. This creates durable demand and strategic relevance as regulators and operators prioritize compliant waste handling.

Dual revenue streams: services and product sales

Having both service fees for waste treatment and sales of recovered products diversifies cash generation sources. Throughput-driven economics mean utilization gains lift both fee and product margins, providing structural resilience versus single-source business models.

Operational improvement signaled in 2024

A narrower loss and move to slightly positive EBITDA indicate operating leverage can kick in as volumes or efficiency improve. If sustained, this supports internal cash generation, reduces reliance on external funding, and helps rebuild profitability over the medium term.

Negative Factors

Persistent negative profitability

Chronic negative gross and net margins undermine the firm's ability to fund operations from earnings. Persistent losses erode retained capital, impede reinvestment, and make achieving sustainable returns difficult without structural cost or revenue improvements.

Elevated leverage and shrinking equity

High and rising leverage with a reduced equity base increases refinancing and solvency risk. A weak capital cushion raises interest and covenant vulnerability, limiting strategic flexibility and raising the cost of future funding for growth or working capital.

Weak, deteriorating cash generation

Negative operating and free cash flows mean the company cannot consistently self-fund operations or investment. This structural cash shortfall forces reliance on external financing, increasing dilution or leverage risk and constraining capital allocation and resilience.

Ecoslops SA Business Overview & Revenue Model

Company Description

Ecoslops SA regenerate oil residues into new fuels and light bitumen in France and Portugal. It uses a micro-refining industrial process that transforms these residues into commercial products. The company offers an economic and ecological solution to port infrastructure, waste collectors, and ship owners through its processing plants. Ecoslops SA was founded in 2005 and is based in Paris, France.

How the Company Makes Money

Ecoslops SA Financial Statement Overview

Summary

Financial health is weak: profitability is structurally negative (negative gross profit and recurring net losses), leverage is elevated with a shrinking equity base (debt-to-equity ~4.7x in 2024), and operating cash flow is negative and deteriorating in 2024. Some 2024 improvement (narrower loss and slightly positive EBITDA) is not yet sufficient to offset funding and execution risk.

Income Statement

Revenue has been volatile (down sharply in 2023, then +5.6% in 2024), but profitability remains weak: gross profit is negative across all years, and net income has been consistently negative. 2024 shows some improvement versus 2023 (loss narrowed and EBITDA turned slightly positive), but the business still lacks a durable path to positive margins.

Balance Sheet

Leverage is the key constraint. Total debt remains high while equity has fallen materially from 2022 to 2024, pushing debt-to-equity up to ~4.7x in 2024 versus ~2.5x in 2023. Returns on equity are deeply negative, reflecting persistent losses and weakening capital cushion, which increases refinancing and financial flexibility risk.

Cash Flow

Cash generation is inconsistent and currently pressured: operating cash flow turned negative again in 2023 and deteriorated further in 2024. Free cash flow has also been weak (negative in multiple years and shown as zero in 2024), suggesting the company is not consistently self-funding operations and investment needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.69M	11.50M	10.27M	19.03M	12.45M	5.75M
Gross Profit	-1.01M	-700.00K	-154.00K	-810.00K	-3.07M	-4.19M
EBITDA	-35.00K	181.00K	-2.86M	830.00K	-1.60M	-3.26M
Net Income	-3.07M	-3.10M	-7.35M	-1.79M	-3.72M	-5.07M
Balance Sheet
Total Assets	23.81M	26.85M	34.07M	51.42M	53.01M	47.91M
Cash, Cash Equivalents and Short-Term Investments	5.30M	6.59M	3.20M	6.87M	6.34M	7.96M
Total Debt	16.44M	17.77M	20.61M	29.21M	28.95M	26.55M
Total Liabilities	19.81M	21.81M	26.61M	35.82M	34.85M	31.51M
Stockholders Equity	2.78M	3.77M	8.24M	15.68M	17.57M	13.61M
Cash Flow
Free Cash Flow	75.00K	0.00	-1.43M	393.00K	-8.25M	-10.65M
Operating Cash Flow	-37.00K	-2.82M	-1.03M	1.35M	-4.84M	-1.90M
Investing Cash Flow	-774.00K	-714.00K	-401.00K	-2.09M	-4.49M	-9.36M
Financing Cash Flow	-1.70M	4.75M	-1.79M	1.27M	6.87M	12.64M

Ecoslops SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
AURE	64 Neutral	€52.94M	-33.08	―	2.59%	-11.23%	43.27%
ALTUV	50 Neutral	€18.74M	21.40	―	―	-7.99%	―
ALESA	48 Neutral	€4.61M	-1.50	-71.22%	―	―	―
OREGE	40 Underperform	€13.53M	-1.14	―	―	103.54%	-19.23%
ALEUP	37 Underperform	€413.50K	―	―	―	151.29%	99.50%