AudioValley SA (ALWIN) AI Stock Analysis

• Market Cap: €10.50M
• Dividend Yield: N/A
• Average Volume (3M): 95.71K
• Price to Earnings (P/E): ―
• Beta (1Y): >-0.01
• Revenue Growth: 12.71%
• EPS Growth: -433.73%
• Country: FR
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): -0.23
• Shares Outstanding: 24,465,000
• 10 Day Avg. Volume: 44,819
• 30 Day Avg. Volume: 95,712
• PEG Ratio: 0.06
• Price to Book (P/B): -11.95
• Price to Sales (P/S): 4.11
• P/FCF Ratio: -3.28
• 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: €0.31
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is held down primarily by weak financial performance—large losses, negative cash flow, and negative equity—despite strong revenue growth and gross margin. Technicals are constructive with the price above major moving averages, but overbought RSI adds near-term risk. Valuation remains challenged due to negative earnings and no dividend support.

Positive Factors

Diversified revenue model and partnerships

A multi-stream business model (programmatic ads, subscriptions, analytics) plus partnerships with major streaming providers creates recurring revenue and distribution scale. This reduces single-channel dependence and supports durable monetization and client retention over several quarters to years.

Strong revenue growth and high gross margin

Sustained ~21.8% revenue growth combined with a 77.7% gross margin indicates scalable unit economics and pricing power in the core platform. High gross margins provide room to invest in product and sales to support continued market-share gains if operating losses can be addressed.

Improving free cash flow growth trend

A near-doubling FCF growth rate signals operational improvements and better working-capital conversion even though levels remain negative. If the growth trend continues, it points to a credible path toward positive cash generation and lower external financing needs over the medium term.

Negative Factors

Negative shareholders' equity / solvency risk

Negative equity is a structural capital concern: it limits borrowing capacity, increases refinancing and covenant risk, and elevates the likelihood of dilutive equity raises. This materially constrains strategic flexibility and can persist until profitability or recapitalization restores positive equity.

Deep and persistent unprofitability

Very large net losses and negative operating margins undermine return on invested capital and the ability to self-fund growth. Persistent losses make long-term competitiveness dependent on external capital or rapid margin improvement, increasing execution risk over the next several quarters.

Negative operating and free cash flow requiring financing

Ongoing negative OCF and FCF mean the business structurally needs external funding to operate and grow. That elevates refinancing risk, increases cost of capital, and may force strategic compromises or dilution, constraining long-term investment and independence.

AudioValley SA Business Overview & Revenue Model

Company Description

AudioValley SA (ALWIN) is a leading player in the digital audio industry, specializing in the development and provision of innovative audio solutions. The company operates primarily in the fields of programmatic advertising, streaming technology, and audio content distribution. Its core products and services include a comprehensive digital audio advertising platform, data analytics solutions, and streaming services tailored for both publishers and advertisers, enhancing the monetization of audio content across various channels.

How the Company Makes Money

AudioValley generates revenue through multiple streams primarily centered around its digital audio advertising platform. The main revenue sources include programmatic advertising, where the company connects advertisers with audio content publishers to facilitate targeted ad placements, thus earning commissions on transactions. Additionally, AudioValley offers subscription-based services for premium features and analytics tools, allowing publishers to optimize their audio content and advertising strategies. Partnerships with major streaming services and content providers further enhance their offerings and reach, contributing to revenue growth. Overall, the company's diverse approach to monetizing audio content through both direct sales and subscription models solidifies its financial performance.

AudioValley SA Financial Statement Overview

Summary

Despite strong revenue growth (21.79%) and a high gross margin (77.72%), the company shows severe financial weakness with very large losses (net margin -89.88%), negative operating/free cash flow, and negative shareholders’ equity indicating elevated solvency risk.

Income Statement

AudioValley SA shows a mixed performance in its income statement. The company has achieved a significant revenue growth rate of 21.79% in the most recent year, indicating a positive trajectory. However, profitability remains a concern with negative net profit and EBIT margins, suggesting ongoing operational challenges. The gross profit margin is relatively strong at 77.72%, but the negative net profit margin of -89.88% highlights substantial losses.

Balance Sheet

The balance sheet of AudioValley SA reveals financial instability. The company has a negative stockholders' equity, indicating potential solvency issues. The debt-to-equity ratio is not calculable due to negative equity, but the high level of total debt suggests significant leverage. Return on equity is negative, reflecting the company's inability to generate profit from shareholders' investments.

Cash Flow

Cash flow analysis indicates some improvement, with a substantial free cash flow growth rate of 95.13%. However, both operating and free cash flows are negative, which raises concerns about the company's ability to sustain operations without external financing. The operating cash flow to net income ratio is not calculable due to negative figures, highlighting cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.09M	2.30M	1.89M	2.11M	28.30M	19.58M
Gross Profit	1.24M	1.79M	-989.00K	1.26M	13.73M	9.29M
EBITDA	-10.09M	521.00K	-8.23M	-2.45M	-408.00K	63.00K
Net Income	-6.79M	-2.07M	-10.72M	-6.77M	-6.37M	-4.75M
Balance Sheet
Total Assets	15.33M	17.18M	21.57M	37.00M	53.68M	44.96M
Cash, Cash Equivalents and Short-Term Investments	95.00K	221.00K	229.00K	403.00K	2.81M	847.00K
Total Debt	12.55M	12.29M	12.15M	19.21M	17.60M	15.37M
Total Liabilities	18.95M	17.87M	20.12M	27.11M	37.05M	30.12M
Stockholders Equity	-3.62M	-792.00K	1.49M	9.91M	16.47M	14.91M
Cash Flow
Free Cash Flow	-4.74M	-2.89M	-2.79M	-4.59M	-4.82M	-284.00K
Operating Cash Flow	-4.70M	-2.83M	-2.77M	1.11M	-3.97M	213.00K
Investing Cash Flow	4.70M	3.32M	2.74M	-4.68M	-115.00K	-495.00K
Financing Cash Flow	-220.00K	-503.00K	-138.00K	1.11M	6.00M	-704.00K

AudioValley SA Technical Analysis

• Last Price: ―

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

AudioValley SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%