Theraclion
Alther is a company in the Advanced Medical Equipment & Technology industry, specializing in the development and provision of advanced medical equipment and technology solutions.
Business. ALTHER.PA is a healthcare company operating in the Advanced Medical Equipment & Technology industry, primarily engaged in the sale of medical products. The firm is headquartered in France and is listed on the Euronext Paris exchange under the ticker ALTHER.PA. Specific details regarding its operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
ALTHER.PA is a healthcare company operating in the Advanced Medical Equipment & Technology industry, primarily engaged in the sale of medical products. The firm is headquartered in France and is listed on the Euronext Paris exchange under the ticker ALTHER.PA. Specific details regarding its operating segments and geographic revenue mix are not available.
Alther's capital structure is marked by a negative total equity of EUR -2,588,000 and a debt-to-equity ratio of -1.91, indicating a significant reliance on debt financing. The company's liquidity position is characterized by a current ratio of 2.21, suggesting it has enough current assets to cover its current liabilities. However, the operating cash flow of EUR -7,159,000 and free cash flow of EUR -5,299,000 indicate a cash outflow from operations, which could pose liquidity challenges.
In terms of profitability, Alther's return on equity is 2.1986, which is a positive figure but must be considered in the context of its negative equity. The return on assets is -0.4548, indicating that the company is not generating a positive return on its asset base. These metrics are below the industry norms for profitability and returns, suggesting that the company is underperforming relative to its peers.
The company's revenue is concentrated in a single segment, as disclosed in its financials, with no specific geographic breakdown provided. This lack of diversification could expose the company to higher risks if the segment or region experiences a downturn.
Alther's growth trajectory is currently negative, with a net income of EUR -5,690,000 and an operating income of EUR -6,373,000. The company's revenue of EUR 1,186,000 is not sufficient to cover its operating expenses, indicating a need for strategic adjustments to improve its financial performance.
The risk assessment for Alther highlights a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could affect its ability to meet short-term obligations. The dilution risk is low, as there is no indication of significant share issuance or dilution potential.
Recent events and filings have not been disclosed in the provided data, so there is no specific information on recent developments that could impact the company's financial position or strategic direction.
- Alther is experiencing significant financial losses, with a net income of EUR -5,690,000 and an operating income of EUR -6,373,000.
- The company's capital structure is heavily reliant on debt, with a debt-to-equity ratio of -1.91.
- Alther's return on assets is negative, indicating poor asset utilization and underperformance relative to industry standards.
- The company's liquidity position is medium, with a current ratio of 2.21, but its negative operating and free cash flows could pose challenges.
- There is a low dilution risk, but the company's net cash is negative after subtracting total debt, which could affect its ability to meet short-term obligations.
- **margin_outlook_rationale**: The company's negative operating and net income suggest a deteriorating margin outlook driven by high operating expenses relative to revenue.
- **rd_outlook_rationale**: No specific information is available to assess the outlook for research and development activities.
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consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
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- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- ALTHER.PA Market data — financials · 2026-05-27
Ownership & reference
Leadership
- Yann DuchesneExecutive Chairman of the Board