Ekinops SA (FR:EKI)
:EKI
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Ekinops
(EKI)
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Rating:48Neutral
Price Target:
€3.50
▲(87.17% Upside)
Action:Reiterated
Date:05/27/26
The score is held down primarily by deteriorating financial performance—shrinking revenue, a large 2025 operating loss, and a sharp drop in cash generation—despite moderate balance-sheet leverage. Technicals are a key offset with strong trend strength above major moving averages, but overbought signals raise pullback risk. Valuation is constrained by loss-making results (negative P/E) and no dividend support.
Positive Factors
Product and revenue mix (hardware + software + services)
Ekinops' mix of optical hardware, network access equipment and growing software/subscription and maintenance streams creates more recurring revenue and customer stickiness. Over months this reduces reliance on lumpy capex projects, improving revenue predictability and lifetime customer value.
Negative Factors
Sustained revenue decline
A multi-year top-line contraction reduces economies of scale and weakens the company's ability to cover fixed costs. Persistent revenue shrinkage undermines competitive investment capacity and makes medium-term recovery harder absent clear demand restoration or new product traction.
Read all positive and negative factors
Positive Factors
Negative Factors
Product and revenue mix (hardware + software + services)
Ekinops' mix of optical hardware, network access equipment and growing software/subscription and maintenance streams creates more recurring revenue and customer stickiness. Over months this reduces reliance on lumpy capex projects, improving revenue predictability and lifetime customer value.
Read all positive factors
Ekinops (EKI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€92.31M
Dividend YieldN/A
Average Volume (3M)215.35K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth-10.73%
EPS Growth-4.03%
CountryFR
Employees520
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.27
Shares Outstanding27,034,998
10 Day Avg. Volume77,523
30 Day Avg. Volume215,352
Financial Highlights & Ratios
PEG Ratio-1.88
Price to Book (P/B)0.49
Price to Sales (P/S)0.50
P/FCF Ratio13.05K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.12
Revenue Forecast (FY)€111.15M
Ekinops Business Overview & Revenue Model
Company Description
EKINOPS S.A. provides telecommunications solutions for telecom operators and businesses in France and internationally. The company offers Ekinops360, an optical transport and OTN switch solution; OneAccess, which provides physical and virtualized ...
How the Company Makes Money
Ekinops primarily makes money by selling networking hardware and associated software to service providers and enterprises, then adding recurring and follow-on revenue through software licenses, subscriptions, maintenance, and professional services...
Ekinops Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 105.00M | 117.67M | 129.10M | 127.62M | 103.57M |
| Gross Profit | 50.40M | 64.51M | 67.31M | 56.54M | 44.07M |
| EBITDA | -15.16M | 10.85M | 16.57M | 17.01M | 13.58M |
| Net Income | -7.20M | -6.95M | 3.63M | 12.02M | 5.17M |
Balance Sheet | |||||
| Total Assets | 194.30M | 185.38M | 192.61M | 182.71M | 170.89M |
| Cash, Cash Equivalents and Short-Term Investments | 32.10M | 46.37M | 47.18M | 39.35M | 45.39M |
| Total Debt | 36.80M | 31.40M | 33.52M | 28.37M | 33.35M |
| Total Liabilities | 88.40M | 73.28M | 73.23M | 69.13M | 71.74M |
| Stockholders Equity | 105.90M | 112.10M | 119.39M | 113.58M | 99.14M |
Cash Flow | |||||
| Free Cash Flow | 4.00K | 10.86M | 5.50M | 2.00M | 7.17M |
| Operating Cash Flow | 2.41M | 20.78M | 13.53M | 9.17M | 12.22M |
| Investing Cash Flow | -20.35M | -9.98M | -8.19M | -7.41M | -6.10M |
| Financing Cash Flow | 3.91M | -11.62M | 2.51M | -7.96M | -10.49M |
Ekinops Technical Analysis
Positive
1.87
Price Trends
2.30
Positive
2.24
Positive
2.30
Positive
Market Momentum
0.19
Negative
73.72
Negative
89.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EKI, the sentiment is Positive. The current price of 1.87 is below the 20-day moving average (MA) of 2.70, below the 50-day MA of 2.30, and below the 200-day MA of 2.30, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 73.72 is Negative, neither overbought nor oversold. The STOCH value of 89.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:EKI.
Ekinops Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | €26.80M | 19.77 | 6.35% | 6.46% | -6.01% | -21.51% | |
56 Neutral | €29.60M | -120.52 | ― | ― | 12.69% | 94.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €161.00M | 4.73 | -1.34% | ― | 2.22% | ― | |
52 Neutral | €4.70B | -1.03 | -13.89% | ― | -1.40% | 53.37% | |
48 Neutral | €92.31M | -1.95 | -7.69% | ― | -10.73% | -4.03% |
* General Sector Average
FR:EKI
Ekinops
3.68
-0.23
-5.89%
FR:ETL
Eutelsat Communications
4.21
1.60
61.33%
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Ateme SA
13.55
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237.06%
FR:ALNTG
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0.84
-0.06
-6.58%
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ENENSYS Technologies SA
1.16
0.13
12.08%
FR:ALBPK
Broadpeak SA
2.40
1.15
92.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.