Altea Green Power SpA

The company's capital structure is characterized by a low debt-to-equity ratio of 0.13, indicating a conservative leverage profile. However, its liquidity position is constrained, as evidenced by a negative net cash position after subtracting total debt. Free cash flow of 3.48 million EUR suggests some capacity to fund operations and investments, but the operating cash flow of -2.88 million EUR highlights ongoing cash outflows from operations.

Profitability metrics show a strong return on equity of 36.07% and a return on assets of 16.77%, both exceeding the typical thresholds for the Renewable Energy Equipment & Services industry. The gross profit margin of 55.37% (calculated as gross profit / revenue) is also robust, indicating efficient cost management in production and operations.

Geographically, the company's revenue is concentrated in a single market, with no disclosed diversification across regions. This concentration increases exposure to local regulatory, economic, and political risks. The company does not report segment-specific revenue, but its primary business activity is in renewable energy project development and operation.

The company's growth trajectory is mixed. While it has reported a net income of 4.17 million EUR, the operating cash flow is negative, and capital expenditures of -774,590 EUR suggest ongoing investment in infrastructure. Analysts have assigned a mean price target of 8.67 EUR, with a median of 8.60 EUR, indicating a generally positive outlook, though not strongly bullish.

Risk factors include medium liquidity risk due to the negative net cash position and the potential for dilution, though the risk is currently assessed as low. The company has not disclosed any recent share issuance or dilutive events, and the number of shares outstanding has remained unchanged between basic and diluted figures.

Recent events include the publication of the latest financial data, which shows a strong net income but a negative operating cash flow. No recent filings or transcripts have been disclosed that would indicate significant changes in strategy or operations. The company's performance is closely monitored by analysts, with a mean recommendation of 2.00, indicating a "buy" rating.

Analysts project 23.9% upside potential, with a mean price target of EUR 8.67 versus the current price.

Net income demonstrated strong historical growth, expanding at a 25.9% compound annual growth rate over three years.

The firm maintains a conservative debt-to-equity ratio of 0.13, well below the cohort median of 0.36.

Long-term debt surged to EUR 20.8 million in fiscal 2026, more than doubling from EUR 9.3 million prior.

The company faces medium liquidity risk, indicating potential challenges in meeting short-term financial obligations.

Revenue €21.7M, −37,8% YoY; Operating income −41,7% YoY.

• ▍Revenue €21.7M, −37,8% YoY
• ▍Operating income −41,7% YoY
• ▍Net income −48,3% YoY
• ▍Free cash flow −48,0% YoY
• ▍Net margin 38.3%

Revenue €34.9M, +125,6% YoY; Operating income +206,2% YoY.

• ▍Revenue €34.9M, +125,6% YoY
• ▍Operating income +206,2% YoY
• ▍Net income +226,7% YoY
• ▍Free cash flow +229,9% YoY
• ▍Net margin 46.0%

Revenue €15.5M, −2,5% YoY; Operating income +16,6% YoY.

• ▍Revenue €15.5M, −2,5% YoY
• ▍Operating income +16,6% YoY
• ▍Net income +18,1% YoY
• ▍Free cash flow +39,4% YoY
• ▍Net margin 31.8%

Revenue €15.9M; Operating income €6.1M.

• ▍Revenue €15.9M
• ▍Operating income €6.1M
• ▍Net margin 26.3%