Ekinops SA (FR:EKI)
:EKI
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Ekinops
(EKI)
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Select Model
Rating:46Neutral
Price Target:
€2.00
▲(6.95% Upside)
Action:ReiteratedDate:04/13/26
The score is primarily weighed down by deteriorating financial performance—contracting revenue, a sharp 2025 operating loss, and near-zero free cash flow—despite a comparatively manageable leverage profile. Technical signals are mixed with neutral RSI but the price remains below several key longer-term moving averages, while valuation support is limited due to negative earnings and no dividend data.
Positive Factors
Improving gross margin
A rising gross margin to ~57% suggests product mix shifts or lower unit costs that support underlying profitability. If sustained, higher gross margins provide structural capacity to absorb fixed operating costs and fund software and service investments that drive recurring revenue.
Negative Factors
Falling revenue trend
A multi-year revenue decline reduces scale benefits and weakens bargaining power with suppliers and channel partners. Persistent top-line contraction makes it harder to recover operating leverage, fund R&D or expand software attach rates without meaningful commercial turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving gross margin
A rising gross margin to ~57% suggests product mix shifts or lower unit costs that support underlying profitability. If sustained, higher gross margins provide structural capacity to absorb fixed operating costs and fund software and service investments that drive recurring revenue.
Read all positive factors
Ekinops (EKI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€52.49M
Dividend YieldN/A
Average Volume (3M)215.35K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth1.56%
EPS Growth-910.94%
CountryFR
Employees520
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.25
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)-0.13
Revenue Forecast (FY)€109.58M
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
Neutral
1.87
Price Trends
2.02
Negative
1.96
Negative
2.50
Negative
Market Momentum
-0.02
Negative
52.50
Neutral
72.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EKI, the sentiment is Neutral. The current price of 1.87 is above the 20-day moving average (MA) of 1.80, below the 50-day MA of 2.02, and below the 200-day MA of 2.50, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 52.50 is Neutral, neither overbought nor oversold. The STOCH value of 72.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | €24.35M | 19.77 | 6.35% | 6.46% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €106.09M | -4.02 | -1.34% | ― | 3.26% | 95.41% | |
50 Neutral | €2.65B | -1.03 | -13.89% | ― | 2.53% | -192.58% | |
50 Neutral | €26.59M | -3.86 | ― | ― | 15.01% | 79.05% | |
46 Neutral | €52.49M | -7.25 | -7.69% | ― | 1.56% | -910.94% |
* General Sector Average
FR:EKI
Ekinops
1.93
-1.20
-38.21%
FR:ETL
Eutelsat Communications
2.28
-0.94
-29.13%
FR:ATEME
Ateme SA
9.46
5.26
125.24%
FR:ALNTG
Netgem SA
0.74
-0.19
-20.34%
FR:ALNN6
ENENSYS Technologies SA
0.87
-0.22
-19.82%
FR:ALBPK
Broadpeak SA
2.11
0.71
50.71%
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.