Desarrollos Especiales de Sistemas de Anclaje SA

The company maintains a debt-to-equity ratio of 0.53, indicating a moderate reliance on debt financing, and a current ratio of 1.58, suggesting adequate short-term liquidity to cover its obligations. However, its net cash position is negative after subtracting total debt, signaling potential liquidity constraints. The return on equity (ROE) of 4.82% and return on assets (ROA) of 2.34% are below the industry median for industrial machinery firms, indicating weaker capital efficiency and asset utilization.

Profitability metrics show a gross margin of 43.1% and an operating margin of 10.9%, both of which are in line with the industry median for industrial machinery firms. However, the net margin of 7.37% is slightly below the median, suggesting higher operating expenses or tax burdens relative to peers. The company's operating income of EUR 1.41 million and net income of EUR 0.95 million reflect a stable but modest profit generation capacity.

The company operates as a single business segment, with no disclosed geographic diversification in revenue. This lack of segmental or geographic diversification increases exposure to regional economic or regulatory risks. The absence of detailed segmental data limits the ability to assess the performance of individual product lines or markets.

Outlook data is not available for the company, but based on historical revenue growth, the company has demonstrated a stable revenue trajectory. The trailing twelve months (TTM) revenue of EUR 12.90 million suggests a consistent revenue base, though no significant growth has been reported. Analysts have assigned a mean price target of EUR 20.30, with a strong buy recommendation, indicating positive sentiment despite the company's moderate financial performance.

The risk assessment highlights medium liquidity risk due to the negative net cash position and a low dilution risk, as the company has not issued additional shares recently. The absence of dilution pressure is a positive signal for shareholders, but the liquidity risk could constrain the company's ability to invest in growth opportunities. No recent filings or transcripts have been disclosed that would indicate material changes in the company's operations or strategy.

The company has not disclosed any recent events, such as earnings calls, investor presentations, or regulatory filings, that would provide insight into its strategic direction or operational performance. This lack of transparency may limit the ability to assess the company's long-term prospects.

Operating and net margins exceed the Industrial Machinery cohort median, indicating superior profitability relative to peers.

Return on equity surpasses the cohort median, demonstrating efficient capital utilization compared to industry competitors.

Net income grew at a 7.9% CAGR over four years, showing consistent earnings expansion despite revenue volatility.

Gross profit increased to EUR 21.3 million in FY2026, reflecting improved top-line efficiency and cost management.

Long-term debt decreased significantly from EUR 16.2 million in FY2023 to EUR 6.8 million in FY2025.

The company faces high credit risk, signaling potential difficulties in meeting financial obligations or servicing debt.

Debt-to-equity ratio of 0.53 is significantly above the cohort median of 0.2, indicating higher leverage risk.

Revenue declined by 1.2% CAGR over four years, suggesting a shrinking market or loss of competitive share.

Free cash flow dropped sharply to EUR 128,460 in FY2024, raising concerns about liquidity and operational cash generation.

Revenue €49.0M, +2,2% YoY; Operating income +33,6% YoY.

• ▍Revenue €49.0M, +2,2% YoY
• ▍Operating income +33,6% YoY
• ▍Net income +60,4% YoY
• ▍Net margin 8.0%

Revenue €47.9M, +0,5% YoY; Operating income +10,9% YoY.

• ▍Revenue €47.9M, +0,5% YoY
• ▍Operating income +10,9% YoY
• ▍Net income +14,2% YoY
• ▍Free cash flow +372,0% YoY
• ▍Net margin 5.1%

Revenue €47.7M, −5,5% YoY; Operating income −15,3% YoY.

• ▍Revenue €47.7M, −5,5% YoY
• ▍Operating income −15,3% YoY
• ▍Net income −23,5% YoY
• ▍Free cash flow −91,1% YoY
• ▍Net margin 4.5%

Revenue €50.4M, +4,8% YoY; Operating income −12,8% YoY.

• ▍Revenue €50.4M, +4,8% YoY
• ▍Operating income −12,8% YoY
• ▍Net income −26,1% YoY
• ▍Free cash flow −49,0% YoY
• ▍Net margin 5.5%