Sif Holding N.V. (SIFG) AI Stock Analysis

• Market Cap: €263.02M
• Dividend Yield: N/A
• Average Volume (3M): 46.33K
• Price to Earnings (P/E): 221.9
• Beta (1Y): -0.05
• Revenue Growth: -5.57%
• EPS Growth: -89.46%
• Country: NL
• Employees: 677
• Sector: Services
• Sector Strength: N/A
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.21
• Shares Outstanding: 29,888,613
• 10 Day Avg. Volume: 39,075
• 30 Day Avg. Volume: 46,329
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: €8.50
• Price Target Upside: -5.76% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: €8.50 ▼(-5.76% Downside)

Sif Holding N.V. has a challenging financial performance with declining margins and high capital expenditures leading to negative free cash flow. The technical indicators suggest weak market momentum, while the high P/E ratio indicates overvaluation. These factors combined suggest caution for investors, with a need for focus on enhancing profitability and financial stability.

Sif Holding N.V. Business Overview & Revenue Model

Company Description

Sif Holding N.V. manufactures and sells tubular steel foundations for offshore wind farms and metal structures, for the offshore industry in the Netherlands and internationally. The company operates through three segments: Wind, Marshalling, and Other. It engages in the production and delivery of monopiles, parts of metal structures, pipes, pipe structures, and components, as well as cans and cones, transition pieces, pin piles, jacket legs, and pile sleeves. The company rents logistical area and facilities; and delivers logistical services to the offshore wind industry. It serves energy companies, developers, and fabricators, as well as engineering, procurement, construction, and installation contractors. Sif Holding N.V. was founded in 1948 and is headquartered in Roermond, the Netherlands.

How the Company Makes Money

Sif Holding N.V. generates revenue primarily through the sale of large steel foundations, known as monopiles, which are essential for the construction of offshore wind farms. The company earns money by entering into long-term contracts with energy developers and contractors, providing both the manufacturing and installation of these structures. Key revenue streams include direct sales to clients in the renewable energy sector, as well as additional services such as logistics and project management. SIFG has established significant partnerships with major players in the wind energy market, which contribute to a steady flow of orders and enhance its market position. Additionally, the company benefits from government incentives and policies promoting renewable energy, which further drives demand for its products.

Sif Holding N.V. Financial Statement Overview

Summary

Sif Holding N.V. faces challenges in revenue and net income growth, with declining margins and increased leverage. While operational cash flow remains robust, high capital expenditures have led to a significant negative free cash flow. The balance sheet shows moderate leverage, but declining equity ratios may pose a risk. The company needs to focus on improving profitability and managing capital expenditures to enhance financial stability.

Income Statement

The company's revenue has shown fluctuations, with a recent decline from 2023 to 2024. Gross profit margins have decreased from 18.0% in 2023 to 14.1% in 2024, indicating pressure on profitability. The net profit margin significantly dropped in 2024 to 0.3% from 2.4% in 2023, highlighting challenges in maintaining net income. EBITDA margin remained relatively stable, reflecting consistent operational efficiency.

Balance Sheet

Sif Holding N.V. has maintained a moderately stable balance sheet with a debt-to-equity ratio of 1.01 in 2024, indicating moderate leverage. The equity ratio has slightly decreased to 32.0% in 2024 from 40.9% in 2023, suggesting decreased equity relative to assets. Return on Equity (ROE) has dropped to 0.5%, reflecting lower profitability for shareholders.

Cash Flow

The company experienced a decline in free cash flow from -€62.32 million in 2023 to -€101.75 million in 2024, driven by high capital expenditures. The operating cash flow to net income ratio remains strong, indicating good cash generation capacity relative to net income. However, the negative free cash flow poses potential risks for future investments and liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	428.99M	454.30M	374.54M	422.54M	335.43M
Gross Profit	60.59M	81.94M	75.42M	70.78M	63.11M
EBITDA	26.24M	26.04M	36.42M	39.08M	31.75M
Net Income	1.20M	10.86M	7.22M	11.59M	7.27M
Balance Sheet
Total Assets	739.31M	600.02M	357.30M	321.18M	241.85M
Cash, Cash Equivalents and Short-Term Investments	113.76M	131.39M	89.83M	73.20M	2.66M
Total Debt	238.01M	131.81M	107.40M	105.68M	54.76M
Total Liabilities	501.00M	353.01M	251.54M	218.08M	147.58M
Stockholders Equity	236.47M	245.53M	104.64M	102.28M	93.75M
Cash Flow
Free Cash Flow	-101.75M	-62.32M	30.08M	80.30M	29.41M
Operating Cash Flow	67.87M	106.48M	50.36M	91.23M	34.34M
Investing Cash Flow	-171.54M	-169.86M	-20.28M	-11.49M	-4.93M
Financing Cash Flow	86.05M	104.93M	-13.45M	-9.18M	-28.34M

Sif Holding N.V. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.02
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:SIFG, the sentiment is Neutral. The current price of 9.02 is above the 20-day moving average (MA) of 8.50, above the 50-day MA of 8.79, and below the 200-day MA of 10.44, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 61.10 is Neutral, neither overbought nor oversold. The STOCH value of 80.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:SIFG.

Sif Holding N.V. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	kr27.29B	-5.65	-7.45%	3.49%	6.20%	-105.50%
SIFG	52 Neutral	€263.02M	221.95	0.50%	―	-5.57%	-89.46%
0QUM	―	€424.38M	27.87	5.36%	―	―	―
0RHI	―	€2.88B	8.38	12.63%	―	―	―
0P47	―	€478.41M	23.47	-9.01%	―	―	―
FAST	51 Neutral	€430.60M	―		―	48.95%	-64.87%
AZRN	48 Neutral	€165.39M	―		―	7.18%	-212.25%