Voltz (Graines) (GRVO) AI Stock Analysis

• Market Cap: €29.31M
• Dividend Yield: N/A
• Average Volume (3M): 429.00
• Price to Earnings (P/E): 18.0
• Beta (1Y): 0.05
• Revenue Growth: 2.82%
• EPS Growth: -536.10%
• Country: FR
• Employees: 521
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): -0.51
• Shares Outstanding: 1,480,265
• 10 Day Avg. Volume: 389
• 30 Day Avg. Volume: 429
• PEG Ratio: -0.14
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 2.35
• 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): 2.26
• Revenue Forecast (FY): €139.80M

• Rating: 63 Neutral
• Price Target: €21.00 ▲(17.32% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is primarily driven by improved 2025 financial performance (revenue rebound, positive earnings, stronger cash generation, and lower leverage), tempered by a history of volatile margins and cash flows. Technicals add modest support with prices above moving averages and a positive MACD, while valuation is neutral with a mid-range P/E and no dividend yield data.

Positive Factors

Improved cash generation

Material improvement in operating and free cash flow in 2025 strengthens the company's ability to fund working capital, support capex, and reduce reliance on external financing. Sustained positive FCF increases financial flexibility and underpins longer-term investment and deleveraging capacity.

Balance-sheet deleveraging

Lower gross debt and a larger equity base meaningfully improve solvency metrics and reduce refinancing pressure. A stronger balance sheet raises resilience to cyclical agricultural cycles and gives management room to invest or return capital, supporting structural stability over months.

Revenue rebound and return to profit

A strong revenue recovery combined with a return to positive net income indicates the business can regain commercial traction and cover fixed costs. If sustained, this enhances long-term earnings power and validates the core B2B seeds/plant distribution model against prior weak demand periods.

Negative Factors

Margin compression vs prior years

Net margins remain materially below earlier peak levels, reflecting weaker pricing or higher input costs that may be structural. Persistently lower margins would constrain profitability even with revenue growth and could limit the firm's ability to generate consistent returns in normal cycles.

Uneven cash-flow track record

Prior negative OCF and FCF years show the business is susceptible to working-capital swings and cyclical demand, which can stress liquidity during downturns. This irregularity raises the risk that strong 2025 cash generation may not be fully persistent without tighter working-capital controls.

Historic elevated leverage & inconsistent returns

The company's prior period of high leverage and a recent loss year reveal financial and operational vulnerability. Past reliance on debt and volatile ROE suggest limited margin for error if growth or cash flow weaken, increasing the chance of renewed balance-sheet stress in adverse conditions.

Voltz (Graines) Business Overview & Revenue Model

Company Description

Graines Voltz S.A. engages in the distribution of seeds, vegetable plants, and flower bulbs to professionals, horticulturists, market gardeners, and communities in France, rest of Europe, the Middle East, Africa, and internationally. It also produces seeds and young horticultural plants. The company was founded in 1985 and is headquartered in Colmar, France.

How the Company Makes Money

Voltz generates revenue through the sale of its genetically improved seeds to farmers and agricultural businesses. The primary revenue stream comes from direct sales of seeds, which are priced based on their genetic enhancements and performance capabilities. Additionally, the company may engage in licensing agreements for its proprietary seed technologies, allowing other agricultural firms to use its innovations for a fee. Partnerships with agricultural cooperatives and distribution networks also play a crucial role in expanding market reach and driving sales. Furthermore, Voltz may benefit from government grants or subsidies aimed at promoting sustainable agriculture practices, which can supplement its earnings.

Voltz (Graines) Financial Statement Overview

Summary

A strong 2025 rebound (re-accelerating revenue, return to modest profitability, improved debt levels, and higher operating/free cash flow) supports the score. However, multi-year volatility—compressed margins vs. 2021–2022 and uneven cash flow history including negative periods—reduces confidence in durability.

Income Statement

Revenue growth re-accelerated in 2025 (up ~139% vs. ~1% in 2024), but profitability has been volatile. The company swung from a 2024 net loss (~-4.3% margin) back to a modest 2025 profit (~1.2% net margin). Longer-term, margins have compressed versus 2021–2022 levels (when net margins were ~3.9%–7.7%), suggesting weaker pricing/production economics and less consistent earnings power.

Balance Sheet

Leverage looks manageable: total debt declined from ~€63m (2023) to ~€45m (2025) while equity increased to ~€68.5m, improving the balance-sheet profile versus prior years. However, historical leverage was elevated (debt higher than equity in 2020–2021) and returns on equity have been inconsistent, including a meaningful loss year in 2024, which tempers the quality of the capital structure.

Cash Flow

Cash generation improved materially: operating cash flow rose from ~€9.3m (2024) to ~€14.5m (2025), and free cash flow expanded to ~€12.6m (2025) from ~€3.6m (2024). That said, the track record is uneven with negative operating and free cash flow in 2022–2023, indicating working-capital and/or capex swings that can pressure liquidity in weaker cycles.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	137.95M	134.40M	133.04M	132.24M	122.30M
Gross Profit	6.45M	71.52M	69.41M	68.08M	60.46M
EBITDA	7.54M	1.14M	5.27M	10.51M	15.62M
Net Income	1.63M	-5.83M	661.00K	5.19M	9.38M
Balance Sheet
Total Assets	131.13M	143.67M	154.92M	150.48M	107.73M
Cash, Cash Equivalents and Short-Term Investments	4.34M	8.46M	10.44M	14.01M	7.22M
Total Debt	45.08M	58.91M	62.96M	58.63M	43.27M
Total Liabilities	62.28M	76.61M	82.37M	78.67M	65.65M
Stockholders Equity	68.53M	66.79M	72.34M	72.20M	43.04M
Cash Flow
Free Cash Flow	12.62M	3.63M	-6.02M	-20.21M	6.23M
Operating Cash Flow	14.46M	9.32M	-1.71M	-13.23M	9.83M
Investing Cash Flow	-1.66M	-5.34M	-4.50M	-15.49M	-9.65M
Financing Cash Flow	-3.35M	-8.72M	-1.19M	31.73M	2.63M

Voltz (Graines) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:GRVO, the sentiment is Positive. The current price of 17.9 is below the 20-day moving average (MA) of 20.11, below the 50-day MA of 18.96, and below the 200-day MA of 19.07, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 56.35 is Neutral, neither overbought nor oversold. The STOCH value of 46.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:GRVO.

Voltz (Graines) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRVO	63 Neutral	€29.31M	18.01	―	―	2.82%	-536.10%
ALRGR	63 Neutral	€16.66M	106.87	―	―	-10.06%	-96.10%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%