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Alfen NV
(ALFEN)
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Rating:53Neutral
Price Target:
€15.00
▲(42.18% Upside)
Action:Reiterated
Date:05/26/26
The score is driven primarily by uneven financial performance (recent revenue softness and volatile profitability, partially offset by moderate leverage and improved but inconsistent cash generation). Technicals are supportive due to a strong uptrend, but overbought momentum signals add near-term risk. Valuation is a notable headwind with a high P/E and no dividend yield provided.
Positive Factors
Diversified energy-transition business model
Alfen's business spans smart grid equipment, EV chargers, and battery storage, providing multiple durable revenue streams tied to the energy transition. This diversification reduces single-market dependency, enables cross-selling, and aligns with long-term structural demand from utilities, fleets, and C/I customers.
Negative Factors
Stalled recent revenue growth
A reversal from prior strong expansion to flat/declining revenue in 2024–2025 signals weakening top-line momentum or execution headwinds. Sustained revenue stagnation reduces economies of scale, limits margin expansion, and makes multi-quarter recovery and long-term planning more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified energy-transition business model
Alfen's business spans smart grid equipment, EV chargers, and battery storage, providing multiple durable revenue streams tied to the energy transition. This diversification reduces single-market dependency, enables cross-selling, and aligns with long-term structural demand from utilities, fleets, and C/I customers.
Read all positive factors
Alfen NV (ALFEN) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€318.26M
Dividend YieldN/A
Average Volume (3M)276.86K
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth-10.67%
EPS Growth99.28%
CountryNL
Employees1,053
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding21,750,000
10 Day Avg. Volume332,264
30 Day Avg. Volume276,855
Financial Highlights & Ratios
PEG Ratio12.19
Price to Book (P/B)1.49
Price to Sales (P/S)0.52
P/FCF Ratio12.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€15.50Price Target Upside46.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.18
Revenue Forecast (FY)€450.17M
Alfen NV Business Overview & Revenue Model
Company Description
Alfen N.V., through its various subsidiaries, specializes in the full lifecycle of electricity grid-related solutions, from initial design and engineering to production and sales. Its diverse offerings include intelligent grid technologies such as...
How the Company Makes Money
Alfen makes money primarily by selling products and project-based systems across three main business areas: (1) Smart Grid Solutions: revenue from the engineering, manufacturing, and delivery of transformer substations (including prefabricated/com...
Alfen NV Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 435.62M | 487.64M | 504.48M | 439.88M | 249.68M |
| Gross Profit | 124.89M | 115.39M | 151.09M | 88.73M | 41.29M |
| EBITDA | 20.06M | -4.19M | 50.82M | 74.43M | 33.21M |
| Net Income | -189.00K | -27.01M | 29.68M | 53.05M | 21.45M |
Balance Sheet | |||||
| Total Assets | 312.53M | 362.75M | 395.97M | 321.07M | 194.18M |
| Cash, Cash Equivalents and Short-Term Investments | 26.67M | 17.07M | 2.07M | 22.84M | 47.28M |
| Total Debt | 47.37M | 49.75M | 57.17M | 18.40M | 18.40M |
| Total Liabilities | 159.77M | 210.51M | 216.36M | 170.49M | 97.86M |
| Stockholders Equity | 152.76M | 152.24M | 179.61M | 150.58M | 96.32M |
Cash Flow | |||||
| Free Cash Flow | 18.56M | 31.25M | -29.06M | -20.60M | -1.14M |
| Operating Cash Flow | 32.54M | 55.82M | 5.64M | 429.00K | 10.54M |
| Investing Cash Flow | -13.98M | 1.15M | -59.10M | -21.02M | -11.68M |
| Financing Cash Flow | -8.95M | -35.57M | 26.30M | -3.84M | -3.92M |
Alfen NV Technical Analysis
Neutral
10.55
Price Trends
14.71
Negative
12.03
Positive
11.20
Positive
Market Momentum
0.03
Positive
45.37
Neutral
31.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ALFEN, the sentiment is Neutral. The current price of 10.55 is below the 20-day moving average (MA) of 15.35, below the 50-day MA of 14.71, and below the 200-day MA of 11.20, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 45.37 is Neutral, neither overbought nor oversold. The STOCH value of 31.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:ALFEN.
Alfen NV Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €291.49M | 12.18 | ― | 3.43% | -2.62% | 32.15% | |
69 Neutral | €294.33M | 14.80 | 6.36% | 3.06% | -12.41% | ― | |
68 Neutral | €3.41B | 14.60 | 11.89% | 2.69% | 9.06% | 160.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | €1.95B | 10.24 | 11.48% | 7.57% | -8.69% | -42.98% | |
55 Neutral | €1.04B | -51.00 | -1.54% | 8.99% | -18.78% | -107.52% | |
53 Neutral | €318.26M | -1,607.69 | -10.80% | ― | -10.67% | 99.28% |
* Industrials Sector Average
NL:ALFEN
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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.