Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Alfen N.V. is a Netherlands-based energy solutions specialist founded in 1937 and headquartered in Almere, focusing on the core infrastructure of Europe's energy transition. The company designs, develops, and produces three primary product lines: smart grid solutions including transformer substations and grid automation equipment, energy storage systems such as battery energy storage and mobile battery solutions, and electric vehicle charging equipment ranging from public chargers to customized business solutions. Alfen provides integrated, end-to-end energy solutions that address electricity challenges for grid operators, utilities, businesses, and EV infrastructure providers across Europe. Operating with deep expertise in electrical infrastructure, the company serves multiple European markets with a particularly strong presence in the Netherlands, while experiencing rapid international expansion. Alfen combines hardware manufacturing with intelligent software and automation capabilities to support grid stability, renewable energy integration, and electrification of transportation across the continent.
Operating margin is thin at 0.74%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 10.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 41% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€436M
▼ -10.7% YoY
Net Income (TTM)
-€189K
▲ +99.3% YoY
Op. Margin
0.74%
▲ +7.0pp YoY
ROIC
0.81%
▲ +11.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€19M
▼ -40.6% YoY
Op. Cash Flow (TTM)
€50M
▲ +5.5% YoY
Net Debt
€21M
Cash & Equiv.
€27M
3Y CAGR: -0.3%
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