Forsee Power SA (FORSE) AI Stock Analysis

• Market Cap: €47.04M
• Dividend Yield: N/A
• Average Volume (3M): 173.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.42
• Revenue Growth: -11.37%
• EPS Growth: 61.59%
• Country: FR
• Employees: 732
• Sector: Industrials
• Sector Strength: 91
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.17
• Shares Outstanding: 117,299,760
• 10 Day Avg. Volume: 93,100
• 30 Day Avg. Volume: 173,804
• PEG Ratio: 0.36
• Price to Book (P/B): 4.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.28
• 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: €0.57
• Price Target Upside: 42.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 38 Underperform
• Price Target: €0.50 ▲(25.00%Upside)

Forsee Power SA faces significant financial and technical challenges. The company's negative profitability and high leverage pose substantial risks. Technical indicators suggest bearish momentum, further impacting the stock's outlook. Valuation metrics are also unfavorable due to negative earnings and lack of dividends.

Forsee Power SA Business Overview & Revenue Model

Company Description

Forsee Power SAS designs, manufactures, assembles, and supplies lithium-ion battery systems for mobility applications in Europe, Asia, and North America. It offers high-energy battery solutions, such as ZEN 35, ZEN 42, ZEN slim, FLEX 7, PULSE 2.5, and PULSE 15; portable battery solutions, such as GO 1.6 energy, GO 1.6 power, GO 10, GO 8, and custom-made batteries; and smart battery systems for industrial devices. The company's products have applications in autonomous vehicles and robotics, light urban and utility vehicles, buses and trucks, rails, and marine vessels, as well as agricultural, construction, and industrial vehicles. It is also involved in the installation, commissioning, and on-site or remote maintenance of energy management systems. In addition, the company offers financing products, which include battery rental solutions; and second life solutions for transport batteries. Forsee Power SAS was incorporated in 2007 and is headquartered in Ivry-sur-Seine, France.

How the Company Makes Money

Forsee Power SA generates revenue primarily through the sale of its advanced battery systems and energy storage solutions to manufacturers in the transportation industry. The company's key revenue streams include the production and sale of lithium-ion battery packs, battery management systems, and related components. Additionally, Forsee Power engages in strategic partnerships with automotive and industrial vehicle manufacturers to integrate its battery technologies into their electric vehicle platforms, enhancing its market reach and revenue potential. The company's focus on innovation and sustainable energy solutions also attracts government contracts and subsidies aimed at promoting clean transportation. These partnerships and incentives significantly contribute to Forsee Power's earnings.

Forsee Power SA Financial Statement Overview

Summary

Forsee Power SA faces significant financial challenges. Despite revenue growth, persistent negative net incomes, decreasing gross profit margins, high debt levels, and a low equity ratio present substantial financial risks.

Income Statement

Forsee Power SA has experienced revenue growth over the years, notably with a 55% increase from 2020 to 2022. However, the company has consistently reported negative net incomes and EBIT, indicating ongoing profitability challenges. The gross profit margin also decreased from 21% in 2022 to 1.5% in 2023, suggesting pressure on costs or pricing.

Balance Sheet

The company's debt-to-equity ratio has improved as equity turned positive, reaching 1.33 in 2023 from previous negative equity levels. Nonetheless, total debt remains high, contributing to financial risk. Equity ratio is low at 25%, indicating reliance on liabilities to finance assets.

Cash Flow

Operating cash flow improved to €7.38 million in 2023 from negative figures in prior years, reflecting better cash management. However, the free cash flow remains negative, impacting liquidity. The free cash flow to net income ratio is unfavorable due to ongoing losses.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	151.77M	171.24M	111.02M	72.42M	62.06M
Gross Profit	2.30M	23.59M	28.05M	15.58M	11.77M
EBITDA	3.88M	-13.50M	-19.17M	-23.96M	-16.46M
Net Income	-12.07M	-27.96M	-32.57M	-38.10M	-29.41M
Balance Sheet
Total Assets	169.39M	187.44M	146.53M	166.60M	94.45M
Cash, Cash Equivalents and Short-Term Investments	5.37M	25.90M	31.01M	70.77M	11.27M
Total Debt	63.31M	67.10M	60.17M	53.67M	92.32M
Total Liabilities	121.84M	128.20M	106.88M	97.37M	126.86M
Stockholders Equity	47.55M	59.24M	39.65M	69.22M	-32.41M
Cash Flow
Free Cash Flow	-13.14M	-51.90M	-33.65M	-27.68M	-28.51M
Operating Cash Flow	7.38M	-27.28M	-24.49M	-18.32M	-22.01M
Investing Cash Flow	-20.40M	-24.48M	-9.12M	-10.18M	-10.03M
Financing Cash Flow	-7.58M	46.79M	-6.02M	87.92M	40.42M

Forsee Power SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:FORSE, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.48, and below the 200-day MA of 0.64, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.26 is Neutral, neither overbought nor oversold. The STOCH value of 55.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:FORSE.

Forsee Power SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$2.54B	12.66	9.94%	4.17%	-2.21%	31.02%
FORSE	38 Underperform	€47.04M	―		―	-11.37%	61.59%
ALTUV		€27.25M	624.38		3.26%	―	―
MLGAI		€30.15M	―		―	―	―
ALNSC		€34.15M	8.32		1.69%	―	―
MLHOP		€16.93M	―		―	―	―
ALUVI		€9.26M	12.92		―	―	―