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.
Lhyfe SA is a French public limited company founded in 2017, specializing in the production and supply of renewable green hydrogen for mobility and industry markets. Dedicated to the energy transition, it designs, installs, and operates scalable onshore, on-site, and offshore production units directly connected to renewable energy sources like wind farms, producing hydrogen through electrolysis of water with zero CO2 emissions. Notable achievements include inaugurating the world’s first industrial green hydrogen site linked to a wind farm in 2021 and the first offshore pilot platform in 2022. Currently, six sites are operational or under construction across Europe, serving sectors such as chemicals, metallurgy, glass, cement, rail, and transport. Headquartered in Nantes, France, Lhyfe employs over 200 experts across 11 European countries, enabling industries to decarbonize through local, economical, and sustainable hydrogen supply via bulk deliveries, pipelines, and on-site options. As a key player, it supports a virtuous energy model for broader environmental goals.
The business is unprofitable at the operating level (-353.33% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 91.6% YoY with margins expanding 193.2pp.
ROIC dropped from -14.30% to -18.54%, capital efficiency is deteriorating. Negative free cash flow of -€47M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€10M
▲ +91.6% YoY
Net Income (TTM)
-€51M
▼ -74.6% YoY
Op. Margin
-353.33%
▲ +193.2pp YoY
ROIC
-18.54%
▼ -4.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€47M
▲ +24.1% YoY
Op. Cash Flow (TTM)
-€39M
▼ -11.6% YoY
Net Debt
€46M
Cash & Equiv.
€75M
3Y CAGR: +157.8%
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