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Haulotte
(PIG)
Select Model
Select Model
Rating:54Neutral
Price Target:
€2.50
▲(13.12% Upside)
Action:Reiterated
Date:07/10/26
The score is held back primarily by weakened 2025 profitability and a pressured revenue trajectory alongside meaningful leverage, despite supportive recent cash flow. Technicals are mildly constructive with price holding above major moving averages and neutral momentum. Valuation is mixed: the very high dividend yield helps, but a negative P/E underscores loss-driven risk.
Positive Factors
Aftermarket / Recurring Services
Aftermarket parts, maintenance and technical support generate recurring, higher-frequency revenue tied to the installed base. This stream smooths new-equipment cyclicality, boosts lifetime customer value and typically carries higher margins, supporting more durable cash flow.
Negative Factors
Revenue Decline
A sharp revenue decline (~20%) undermines scale advantages and reduces the installed base growth that feeds parts and service revenue. Lower top-line volumes pressure gross margins, limit pricing power, and make fixed costs a larger burden across machinery cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Aftermarket / Recurring Services
Aftermarket parts, maintenance and technical support generate recurring, higher-frequency revenue tied to the installed base. This stream smooths new-equipment cyclicality, boosts lifetime customer value and typically carries higher margins, supporting more durable cash flow.
Read all positive factors
Haulotte (PIG) vs. iShares MSCI France ETF (EWQ)
Market Cap
€69.10M
Dividend Yield9.4%
Average Volume (3M)14.64K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth-20.01%
EPS Growth-336.58%
CountryFR
Employees1,659
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)-1.21
Shares Outstanding31,371,275
10 Day Avg. Volume6,428
30 Day Avg. Volume14,637
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.49
Price to Sales (P/S)0.14
P/FCF Ratio1.79
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)0.85
Revenue Forecast (FY)€561.78M
Haulotte Business Overview & Revenue Model
Company Description
Haulotte Group S.A., operating through its subsidiaries, specializes in the development, production, and global distribution of advanced machinery for elevating both personnel and materials. Their comprehensive product portfolio includes a variety...
How the Company Makes Money
Haulotte primarily makes money by selling equipment and by providing aftermarket services that support the installed base of machines.
1) New equipment sales (core revenue stream): The largest source of revenue is the sale of new access equipment...
Haulotte Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 512.00M | 640.10M | 759.38M | 608.25M | 497.27M |
| Gross Profit | 0.00 | 162.66M | 141.36M | 97.64M | 104.20M |
| EBITDA | -6.00M | 51.66M | 46.15M | 12.11M | 37.31M |
| Net Income | -38.00M | 15.09M | 186.00K | -15.28M | 7.93M |
Balance Sheet | |||||
| Total Assets | 512.79M | 602.50M | 647.83M | 693.73M | 583.84M |
| Cash, Cash Equivalents and Short-Term Investments | 28.76M | 34.81M | 41.42M | 37.45M | 33.20M |
| Total Debt | 247.16M | 254.60M | 318.62M | 322.84M | 219.12M |
| Total Liabilities | 370.14M | 396.95M | 462.63M | 494.91M | 359.78M |
| Stockholders Equity | 143.15M | 205.79M | 185.49M | 199.15M | 224.19M |
Cash Flow | |||||
| Free Cash Flow | 39.13M | 62.83M | 20.95M | -87.54M | -128.00K |
| Operating Cash Flow | 46.20M | 75.31M | 35.27M | -69.36M | 35.60M |
| Investing Cash Flow | -3.60M | -11.01M | -7.60M | -15.69M | -33.84M |
| Financing Cash Flow | -55.56M | -46.99M | -12.63M | 89.56M | 3.97M |
Haulotte Technical Analysis
Positive
2.21
Price Trends
2.23
Positive
2.19
Positive
2.18
Positive
Market Momentum
0.05
Negative
56.36
Neutral
45.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PIG, the sentiment is Positive. The current price of 2.21 is below the 20-day moving average (MA) of 2.30, below the 50-day MA of 2.23, and above the 200-day MA of 2.18, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 56.36 is Neutral, neither overbought nor oversold. The STOCH value of 45.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:PIG.
Haulotte Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €257.71M | 9.68 | 10.27% | 2.10% | -2.61% | -12.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €69.10M | -1.94 | -24.78% | 9.95% | -20.01% | -336.58% | |
49 Neutral | €135.05M | -34.74 | -0.86% | 3.14% | -12.33% | -113.67% |
* General Sector Average
FR:PIG
Haulotte
2.37
-0.22
-8.49%
FR:ALDLT
Delta Plus
36.20
-14.65
-28.81%
FR:EXE
EXEL INDUSTRIES
19.60
-17.74
-47.51%
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.