Envipco Holding NV Class B (NL:ENVI)
:ENVI
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Envipco Holding
(ENVI)
Select Model
Select Model
Rating:50Neutral
Price Target:
€5.00
Action:ReiteratedDate:03/20/26
The score is held back mainly by weakened 2025 fundamentals—profitability reversal and notably negative operating/free cash flow—despite a reasonably flexible balance sheet. Technicals are a supporting factor with positive momentum, but valuation is constrained by losses (negative P/E) and no indicated dividend yield.
Positive Factors
Recurring revenue from installed base
Envipco's business generates recurring aftermarket revenue (service, maintenance, parts, software) from its installed reverse-vending machine base. Durable service streams improve revenue visibility and margin stability over time, supporting lifecycle monetization even if new-machine sales fluctuate.
Negative Factors
Weak operating cash flow
A sharp swing to negative operating cash flow raises durable funding risk: continued negative cash conversion limits the company's ability to self-fund growth, maintenance of the installed base and working capital, forcing reliance on balance sheet or external financing if losses persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue from installed base
Envipco's business generates recurring aftermarket revenue (service, maintenance, parts, software) from its installed reverse-vending machine base. Durable service streams improve revenue visibility and margin stability over time, supporting lifecycle monetization even if new-machine sales fluctuate.
Read all positive factors
Envipco Holding (ENVI) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€346.72M
Dividend YieldN/A
Average Volume (3M)71.89K
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue GrowthN/A
EPS GrowthN/A
CountryNL
Employees455
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.03
Shares Outstanding66,090,380
10 Day Avg. Volume62,533
30 Day Avg. Volume71,890
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.14
Price to Sales (P/S)3.58
P/FCF Ratio-20.31
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)0.15
Revenue Forecast (FY)€155.77M
Envipco Holding Business Overview & Revenue Model
Company Description
Envipco Holding N.V., together with its subsidiaries, designs, develops, manufactures, and sells or leases reverse vending machines (RVM) for the collection and processing of used beverage containers primarily in the North America and Europe. The ...
How the Company Makes Money
Envipco primarily makes money by selling and deploying reverse vending machines and associated recycling/collection systems to customers that operate or support container return programs (e.g., retailers and organizations running deposit return sc...
Envipco Holding Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
68
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 90.35M | 117.85M | 87.61M | 56.37M | 38.44M |
| Gross Profit | 30.13M | 43.10M | 30.27M | 18.46M | 13.41M |
| EBITDA | -2.82M | 12.84M | 6.94M | 286.00K | 1.51M |
| Net Income | -10.76M | -643.00K | 603.00K | -4.18M | 586.00K |
Balance Sheet | |||||
| Total Assets | 158.47M | 129.40M | 99.23M | 78.89M | 51.70M |
| Cash, Cash Equivalents and Short-Term Investments | 59.86M | 30.75M | 12.46M | 16.12M | 3.06M |
| Total Debt | 25.47M | 24.57M | 20.10M | 16.52M | 8.02M |
| Total Liabilities | 55.32M | 61.84M | 57.26M | 50.95M | 21.21M |
| Stockholders Equity | 103.12M | 67.53M | 41.93M | 27.90M | 30.45M |
Cash Flow | |||||
| Free Cash Flow | -15.93M | -5.31M | -2.93M | -10.17M | -3.77M |
| Operating Cash Flow | -9.70M | 1.22M | 2.78M | -1.76M | 497.00K |
| Investing Cash Flow | -8.95M | -8.00M | -7.41M | -8.41M | -4.61M |
| Financing Cash Flow | 48.28M | 25.03M | 986.00K | 23.27M | 6.13M |
Envipco Holding Peers Comparison
UnderperformOutperform
Sector (63)
NL:ENVI
Envipco Holding
―
―
―
LSCC
Lattice Semiconductor
106.10
62.40
142.79%
DSGR
Distribution Solutions Group
27.34
0.21
0.77%
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
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