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.
Altheora S.A. is an industrial company specializing in advanced composite materials and plastics technology. With its expertise in designing, manufacturing, and supplying composite parts, Altheora serves several key sectors including automotive, aerospace, and construction. The company leverages cutting-edge research and development to offer innovative solutions that meet the demanding requirements of these industries, focusing on sustainability and efficiency. Altheora's product portfolio includes high-performance components that enhance durability and reduce weight, crucial for energy conservation and performance optimization. Recognized for its technical capabilities and pioneering spirit, Altheora plays a vital role in promoting the adoption of advanced materials, contributing to the evolution of manufacturing processes and supporting industry trends towards more sustainable practices. Through its strategic partnerships and investments in technology, Altheora strengthens its position in both European and global markets as a leader in composite materials innovation.
The business is unprofitable at the operating level (-5.00% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 7.4% YoY. Margins deteriorated 2.6pp alongside, both lines moving the wrong way.
ROIC dropped from -2.45% to -5.63%, capital efficiency is deteriorating. Net debt of €11M represents 10.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€34M
▼ -7.4% YoY
Net Income (TTM)
-€2M
▼ -36.7% YoY
Op. Margin
-5.00%
▼ -2.6pp YoY
ROIC
-5.63%
▼ -3.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€997K
▲ +494.1% YoY
Op. Cash Flow (TTM)
€2M
▲ +10.7% YoY
Net Debt
€11M
Cash & Equiv.
€1M
3Y CAGR: -0.7%
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