HERIGE SA (ALHRG) AI Stock Analysis

• Market Cap: €59.81M
• Dividend Yield: 8.6%
• Average Volume (3M): 850.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: -45.62%
• EPS Growth: -174.71%
• Country: FR
• Employees: 1,607
• Sector: Services
• Sector Strength: N/A
• Industry: Construction Materials
• EPS (TTM): -1.41
• Shares Outstanding: 2,993,643
• 10 Day Avg. Volume: 724
• 30 Day Avg. Volume: 850
• PEG Ratio: 0.35
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 7.21
• 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): 3.99
• Revenue Forecast (FY): €413.00M

• Rating: 58 Neutral
• Price Target: €22.50 ▲(3.69% Upside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

HERIGE SA's overall stock score is driven by mixed financial performance, with strengths in cash flow and balance sheet stability offset by revenue challenges. Technical analysis suggests a neutral trend with mild bullish momentum. Valuation is a concern due to the negative P/E ratio, but the high dividend yield provides some appeal. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Cash Flow Improvements

Improved cash flow indicates better cash management, enhancing the company's ability to fund operations and invest in growth opportunities.

Balance Sheet Stability

Improved leverage ratios and equity growth suggest a solid financial base, providing stability and flexibility for future investments.

Operational Efficiency

Maintaining a positive EBITDA margin shows operational efficiency, which can support profitability even amid revenue challenges.

Negative Factors

Revenue Decline

A decline in revenue can hinder growth and profitability, necessitating strategic initiatives to reverse the trend and sustain long-term success.

Asset Reduction

A reduction in total assets can constrain the company's ability to expand and invest in new projects, potentially impacting future growth.

Negative EBIT

Negative EBIT reflects operational challenges and may pressure the company to improve cost management and revenue generation strategies.

HERIGE SA Business Overview & Revenue Model

Company Description

Herige engages in the trading of building materials for professional and DIY customers primarily in France. It also manufactures ready-mix concrete, industrial precast concrete, and insulated concrete forms, as well as industrial joinery under the BtoC brand. The company was formerly known as VM Matériaux and changed its name to Herige in May 2015. Herige was founded in 1907 and is based in L'Herbergement, France.

How the Company Makes Money

HERIGE SA generates revenue through the sale of construction materials and prefabricated concrete products. The company's revenue model is largely based on direct sales to construction companies, contractors, and builders, as well as through distribution networks. Key revenue streams include the production of ready-mix concrete, precast concrete elements, and other building materials. Additionally, HERIGE SA may benefit from strategic partnerships with construction firms and local governments, which can provide stable contracts and ongoing projects. Factors such as market demand for construction activities, infrastructure development, and housing projects significantly contribute to the company's earnings.

HERIGE SA Financial Statement Overview

Summary

HERIGE SA shows mixed financial results. The income statement indicates revenue challenges, but the company maintains a positive net income. The balance sheet strength is evident in improved leverage ratios and equity growth. Cash flow improvements are promising, suggesting better cash generation capabilities. The company needs to focus on revenue growth to enhance profitability further.

Income Statement

The income statement shows a decline in total revenue from 2023 to 2024, significantly impacting gross profit and EBIT, which turned negative. However, the net income improved slightly compared to the previous year. The EBITDA margin remains positive, indicating some operational efficiency despite the challenges. Overall, the revenue trend is concerning, but the company managed to maintain a positive net income.

Balance Sheet

HERIGE SA's balance sheet reflects a stable equity position with stockholders' equity growing over the years. The debt-to-equity ratio has improved, indicating better leverage management. The equity ratio is healthy, suggesting a solid financial base. However, total assets have decreased, which might limit growth opportunities.

Cash Flow

The cash flow statement highlights a significant improvement in free cash flow, turning positive in 2024 after negative values in previous years. The operating cash flow has increased, reflecting better cash management. The free cash flow to net income ratio indicates that the company is generating adequate cash relative to its profit.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	389.25M	525.71M	835.64M	792.94M	712.02M	600.41M
Gross Profit	36.34M	-15.81M	337.41M	33.68M	40.65M	26.45M
EBITDA	-90.37M	58.84M	52.03M	60.89M	44.13M	34.75M
Net Income	-18.06M	10.93M	9.25M	21.88M	19.12M	10.55M
Balance Sheet
Total Assets	331.91M	342.77M	490.22M	535.94M	445.32M	436.96M
Cash, Cash Equivalents and Short-Term Investments	52.98M	88.40M	21.53M	57.55M	76.51M	131.38M
Total Debt	79.04M	98.81M	178.17M	202.33M	157.50M	182.96M
Total Liabilities	184.83M	191.51M	344.78M	395.73M	321.45M	327.14M
Stockholders Equity	145.81M	150.06M	144.35M	139.25M	122.86M	108.81M
Cash Flow
Free Cash Flow	-4.01M	9.43M	-7.78M	1.80M	-21.43M	15.36M
Operating Cash Flow	10.04M	24.50M	16.99M	28.05M	10.00M	38.02M
Investing Cash Flow	-11.78M	84.26M	-21.74M	-74.43M	-30.51M	-21.25M
Financing Cash Flow	-22.90M	-33.44M	-29.59M	24.16M	-36.50M	69.25M

HERIGE SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 21.70
• 50DMA: Negative
• 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:ALHRG, the sentiment is Negative. The current price of 21.7 is above the 20-day moving average (MA) of 21.42, above the 50-day MA of 21.59, and above the 200-day MA of 21.66, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 46.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALHRG.

HERIGE SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VCT	64 Neutral	€2.76B	4.89	9.78%	2.66%	-3.29%	0.92%
ALHRG	58 Neutral	€59.81M	-3.94	―	8.60%	-45.62%	-174.71%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SEFER	55 Neutral	€78.22M	17.22	0.68%	1.60%	8.43%	―
NK	47 Neutral	€1.85B	-4.95	-11.01%	6.28%	-7.71%	-451.19%