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.
Envipco Holding N.V. is a leading recycling technology company specializing in the design, development, manufacture, assembly, marketing, sales, leasing, and servicing of reverse vending machines (RVMs). These automated systems collect and process used beverage containers, supporting deposit return schemes (DRS) to promote material reuse and the circular economy. With over four decades of experience, the company offers innovative solutions like the compact Flex, multi-material Flex Tri, versatile Optima, high-capacity Modula, and advanced Quantum bulk-feed models, handling PET bottles, cans, and glass. Envipco provides comprehensive services including technical support, maintenance, materials handling, deposit accounting, and commodity brokerage to retailers, bottlers, and distributors. Operating in 14 markets with a strong foothold in North America and rapid expansion across Europe—such as Greece, Hungary, Romania, Ireland, and Sweden—the firm employs 411 people globally and is headquartered in Amersfoort, Netherlands, since its incorporation in 1998. Envipco plays a pivotal role in the industrials sector, particularly pollution and treatment controls, enabling higher recycling rates and sustainable waste management worldwide.
The business is unprofitable at the operating level (-8.47% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 20.8% YoY. Margins deteriorated 11.7pp alongside, both lines moving the wrong way.
ROIC dropped from 2.28% to -5.32%, capital efficiency is deteriorating. Negative free cash flow of -€19M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€89M
▼ -20.8% YoY
Net Income (TTM)
-€13M
▼ -261.6% YoY
Op. Margin
-11.35%
▼ -11.7pp YoY
ROIC
-5.32%
▼ -7.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€30M
▼ -44.8% YoY
Op. Cash Flow (TTM)
-€15M
▲ +4.2% YoY
Net Debt
-€34M
Net Cash Position
Cash & Equiv.
€60M
3Y CAGR: +17.0%
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