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

• Market Cap: €254.35M
• Dividend Yield: N/A
• Average Volume (3M): 51.60K
• Price to Earnings (P/E): 212.2
• Beta (1Y): -0.03
• 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: 55,310
• 30 Day Avg. Volume: 51,604
• PEG Ratio: -2.20
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.59
• 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: €15.01
• Price Target Upside: 70.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: €8.50 ▼(-3.63%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. is a leading Dutch manufacturer specializing in the production of large steel tubular structures, primarily used as foundations for offshore wind turbines and oil & gas platforms. The company operates within the renewable energy and oil & gas sectors, leveraging its expertise in engineering and production to deliver high-quality, customized solutions that meet the demands of these industries. Sif's core products include monopiles, transition pieces, and jacket legs, which are critical components in the construction of offshore energy infrastructure.

How the Company Makes Money

Sif Holding N.V. generates revenue primarily through the design, manufacture, and sale of steel tubular structures used in the offshore wind energy and oil & gas industries. The company's key revenue streams include contracts with major energy companies and engineering, procurement, construction, and installation (EPCI) contractors that develop offshore wind farms and oil & gas platforms. Sif benefits from the growing demand for renewable energy solutions, particularly in offshore wind, where it holds a significant market position. Additionally, the company may engage in strategic partnerships and collaborations to enhance its production capabilities and expand its market reach, contributing to its earnings.

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: Negative
• Last Price: 8.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:SIFG, the sentiment is Negative. The current price of 8.82 is above the 20-day moving average (MA) of 8.67, below the 50-day MA of 9.14, and below the 200-day MA of 10.81, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 38.05 is Neutral, neither overbought nor oversold. The STOCH value of 10.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
HEIJM	76 Outperform	€1.54B	13.74	25.34%	2.94%	11.67%	36.03%
FUR	75 Outperform	€1.25B	4.61	9.91%	6.65%	-7.57%	-51.86%
LIGHT	71 Outperform	€2.66B	7.72	12.63%	7.39%	-4.36%	42.05%
BAMNB	65 Neutral	€2.09B	15.53	11.89%	3.36%	3.64%	-22.13%
TWEKA	64 Neutral	€1.45B	14.20	11.59%	4.23%	-7.30%	-36.81%
Sector *	56 Neutral	$1.60B	-17.59	8.90%	4.58%	7.41%	-3.99%
SIFG	52 Neutral	€254.35M	212.22	0.50%	―	-5.57%	-89.46%