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

• Market Cap: €201.75M
• Dividend Yield: N/A
• Average Volume (3M): 49.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: -2.34%
• EPS Growth: -334.31%
• Country: NL
• Employees: 677
• Sector: Services
• Sector Strength: N/A
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.87
• Shares Outstanding: 29,888,613
• 10 Day Avg. Volume: 40,967
• 30 Day Avg. Volume: 49,118
• PEG Ratio: -2.60
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 0.85
• P/FCF Ratio: -3.57
• 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: €8.75
• Price Target Upside: 43.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: €7.00 ▲(14.57% Upside)

Sif Holding N.V. has a moderate overall stock score of 55, primarily due to financial performance challenges, including declining margins and high capital expenditures leading to negative free cash flow. The technical analysis indicates a bearish trend, and the valuation reflects potential financial distress with a negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Market Position

Sif Holding's leadership in offshore wind energy positions it well to benefit from the global shift towards renewable energy, ensuring long-term demand for its products.

Operational Cash Flow

Strong operational cash flow suggests that the company can sustain its operations and potentially fund future growth initiatives despite current financial challenges.

Industry Trends

The growing investment in offshore wind energy supports Sif Holding's long-term revenue prospects, aligning with global sustainability goals and energy transition trends.

Negative Factors

Declining Margins

Declining margins indicate pressure on profitability, which could affect the company's ability to reinvest in its business and maintain competitive pricing.

Negative Free Cash Flow

Negative free cash flow poses risks for future investments and liquidity, potentially limiting the company's ability to capitalize on growth opportunities.

Leverage and Equity Ratios

Moderate leverage and declining equity ratios could constrain financial flexibility, impacting the company's ability to manage debt and invest in growth.

Sif Holding N.V. Business Overview & Revenue Model

Company Description

Sif Holding N.V. (SIFG) is a leading manufacturer of large steel foundations for the offshore renewable energy sector, particularly focusing on the wind energy market. The company specializes in producing monopiles and transition pieces, which are essential components for offshore wind farms. SIFG operates primarily in the Netherlands and has expanded its capabilities to support the global shift towards renewable energy, catering to both the construction and installation phases of offshore wind projects.

How the Company Makes Money

Sif Holding N.V. generates revenue primarily through the production and sale of monopiles and transition pieces to offshore wind farm developers and contractors. Their revenue model is largely project-based, where income is derived from contracts for the manufacture and supply of these large steel structures. Key revenue streams include long-term contracts with major energy companies and project developers, as well as spot sales in response to market demand. Significant partnerships with leading players in the renewable energy sector further bolster their earnings, while the increasing global investment in offshore wind energy provides a favorable market environment for sustained revenue growth.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	456.23M	428.99M	454.30M	374.54M	422.54M	335.43M
Gross Profit	58.27M	60.59M	81.94M	75.42M	70.78M	63.11M
EBITDA	-5.50M	26.24M	26.04M	36.42M	39.08M	31.75M
Net Income	-32.17M	1.20M	10.86M	7.22M	11.59M	7.27M
Balance Sheet
Total Assets	721.81M	739.31M	600.02M	357.30M	321.18M	241.85M
Cash, Cash Equivalents and Short-Term Investments	82.47M	113.76M	131.39M	89.83M	73.20M	2.66M
Total Debt	250.02M	238.01M	131.81M	107.40M	105.68M	54.76M
Total Liabilities	509.24M	501.00M	353.01M	251.54M	218.08M	147.58M
Stockholders Equity	210.52M	236.47M	245.53M	104.64M	102.28M	93.75M
Cash Flow
Free Cash Flow	-44.21M	-101.75M	-62.32M	30.08M	80.30M	29.41M
Operating Cash Flow	63.10M	67.87M	106.48M	50.36M	91.23M	34.34M
Investing Cash Flow	-109.08M	-171.54M	-169.86M	-20.28M	-11.49M	-4.93M
Financing Cash Flow	35.71M	86.05M	104.93M	-13.45M	-9.18M	-28.34M

Sif Holding N.V. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.11
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:SIFG, the sentiment is Positive. The current price of 6.11 is below the 20-day moving average (MA) of 6.37, below the 50-day MA of 6.69, and below the 200-day MA of 8.36, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 59.82 is Neutral, neither overbought nor oversold. The STOCH value of 63.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
LIGHT	63 Neutral	€2.45B	8.12	11.48%	7.67%	-4.73%	17.93%
BRNL	59 Neutral	€387.58M	25.51	5.36%	7.15%	-7.16%	-50.45%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SIFG	55 Neutral	€201.75M	-6.27	-14.18%	―	-2.34%	-334.31%
PNL	51 Neutral	€530.05M	-35.93	-12.23%	6.71%	2.44%	-179.02%
FAST	46 Neutral	€394.72M	-11.76	―	―	48.95%	-64.87%
AZRN	41 Neutral	€138.93M	-14.40	―	―	-0.63%	74.14%