Altheora SA (ALORA) AI Stock Analysis

• Market Cap: €6.40M
• Dividend Yield: N/A
• Average Volume (3M): 8.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -12.60%
• EPS Growth: 16.97%
• Country: FR
• Employees: 279
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.06
• Shares Outstanding: 13,528,334
• 10 Day Avg. Volume: 4,759
• 30 Day Avg. Volume: 8,980
• PEG Ratio: 0.22
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.14
• P/FCF Ratio: -19.82
• 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): -0.09
• Revenue Forecast (FY): €30.66M

• Rating: 42 Neutral
• Price Target: €0.50 ▲(4.17% Upside)

Altheora SA's overall stock score is primarily impacted by its financial performance challenges, including high leverage and inconsistent cash flows. The technical analysis indicates a bearish trend, with the stock being oversold, suggesting potential for a short-term rebound but overall weak momentum. Valuation concerns are significant due to negative earnings and lack of dividends, further weighing down the stock's attractiveness.

Positive Factors

Business Model

The diversified revenue streams, including project-based contracts and subscription services, provide a stable income base and potential for growth.

Gross Margin

A strong gross margin indicates operational efficiency, which can support profitability improvements if revenue stabilizes or grows.

Industry Position

Operating in the growing field of digital transformation positions Altheora well to capitalize on increasing demand for tech solutions.

Negative Factors

Revenue Decline

Consistent revenue decline challenges growth prospects and can hinder the ability to invest in new opportunities or innovations.

High Leverage

High leverage poses financial risks, especially if earnings do not improve, potentially limiting strategic flexibility.

Inconsistent Cash Flow

Inconsistent cash flow generation can lead to liquidity issues, affecting the company's ability to fund operations and growth initiatives.

Altheora SA Business Overview & Revenue Model

Company Description

Altheora SA manufactures and sells composite materials worldwide. The company offers composite materials for use in various sectors, including aeronautics, railways, and motorized equipment, as well as sports, recreation, marine, and medical. It also provides painting and industrial coatings. The company was formerly known as Mecelec Composites SA and changed its name to Altheora SA in June 2021. Altheora SA was founded in 1934 and is headquartered in Mauves, France.

How the Company Makes Money

Altheora generates revenue through several key streams, primarily from project-based contracts for custom software development and consulting services. The company charges clients based on the scope and complexity of the projects undertaken. Additionally, Altheora offers subscription-based services for its cloud computing solutions and data analytics platforms, providing ongoing support and updates. Strategic partnerships with technology providers and industry leaders enhance its offerings and expand its market reach, contributing to a steady flow of income. Furthermore, Altheora may also benefit from maintenance contracts and ongoing service agreements, ensuring a recurring revenue model.

Altheora SA Financial Statement Overview

Summary

Altheora SA faces challenges in achieving consistent revenue growth and profitability, with high leverage and fluctuating cash flows presenting risks. While there are strengths in gross margins and some operational efficiencies, the company needs to focus on improving its profitability and financial stability to enhance overall performance.

Income Statement

Altheora SA has experienced fluctuating revenue growth over the years, with a recent decline in total revenue. The gross profit margin remains relatively strong, but consistent negative net income and declining EBIT margins indicate challenges in achieving profitability. The EBITDA margin is positive, suggesting some operational efficiency, but overall profitability remains a concern.

Balance Sheet

The company exhibits a high debt-to-equity ratio, indicating significant leverage, which could pose risks if earnings do not improve. Stockholders' equity has been declining, reducing the equity ratio. The ability to manage liabilities effectively while improving equity levels will be crucial for financial stability.

Cash Flow

Altheora's operating cash flow is positive but has been inconsistent, impacting free cash flow generation negatively. The free cash flow to net income ratio indicates difficulties in translating profits into cash, highlighting potential liquidity concerns. Improving cash flow management will be key to enhancing financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.34M	36.99M	41.34M	35.03M	31.97M	25.54M
Gross Profit	16.44M	22.23M	23.63M	16.92M	17.36M	13.38M
EBITDA	1.78M	1.42M	1.57M	987.00K	1.68M	987.00K
Net Income	-2.02M	-1.74M	-2.02M	-1.69M	-228.00K	-314.00K
Balance Sheet
Total Assets	37.84M	32.97M	37.84M	45.18M	35.11M	32.79M
Cash, Cash Equivalents and Short-Term Investments	3.76M	1.73M	3.76M	5.80M	3.72M	8.06M
Total Debt	15.37M	13.44M	15.37M	18.52M	9.80M	11.30M
Total Liabilities	25.66M	22.72M	25.66M	31.09M	26.25M	22.57M
Stockholders Equity	12.18M	10.25M	12.18M	14.09M	8.86M	10.21M
Cash Flow
Free Cash Flow	84.00K	-253.00K	84.00K	-3.54M	-3.77M	-2.27M
Operating Cash Flow	1.26M	888.00K	1.26M	-621.00K	864.00K	-294.00K
Investing Cash Flow	-1.18M	-999.00K	-1.18M	-8.81M	-4.15M	-1.47M
Financing Cash Flow	-2.13M	-2.92M	-2.13M	11.52M	-1.60M	5.71M

Altheora SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALORA, the sentiment is Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.42, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 80.60 is Negative, neither overbought nor oversold. The STOCH value of 74.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALORA.

Altheora 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%
ALORA	42 Neutral	€6.40M	-4.12	―	―	-12.60%	16.97%
FORSE	40 Underperform	€32.40M	-0.98	―	―	-16.19%	-32.43%