Envipco Holding NV

Envipco Holding NV maintains a conservative capital structure with a debt-to-equity ratio of 0.26, indicating low leverage relative to its equity base of 103.4 million EUR. The company holds 99,000 EUR in cash and equivalents against 26.5 million EUR in long-term debt, resulting in a negative net cash position. Liquidity is supported by a current ratio of 2.48, suggesting sufficient short-term assets to cover liabilities, although operating cash flow is negative at -5.3 million EUR.

Profitability metrics are currently negative, with a return on equity of -10.37% and a return on assets of -6.71%. The company reported an operating loss of -7.6 million EUR and a net loss of -10.7 million EUR on revenues of 90.3 million EUR. The gross profit of 30.2 million EUR implies a gross margin of approximately 33.4%, but operating expenses exceed this margin, leading to the reported losses.

Revenue concentration and segment details are not provided in the available data, preventing an analysis of geographic or product-specific exposure. The company's total revenue of 90.3 million EUR serves as the primary top-line metric for valuation purposes.

Growth trajectory cannot be assessed due to the absence of historical period data. The current financial snapshot reflects a single normalized period, offering no trend analysis for revenue or net income over time.

Risk assessment indicates medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting reliance on external financing or future cash flow generation to service debt. The negative free cash flow of -9.0 million EUR further underscores the need for capital efficiency.

Recent analyst observations show a mean price target of 6.50 EUR, significantly higher than the current market price of 3.64 EUR. The mean recommendation is 2.00, with three buy ratings and no hold or strong buy ratings, suggesting moderate bullish sentiment among covering analysts.

Envipco generated EUR 90.3 million in revenue for fiscal year 2026, demonstrating significant scale in the machinery sector.

The company maintained a gross profit of EUR 30.2 million in 2026, indicating underlying pricing power despite operating losses.

Envipco holds a book value of EUR 103.4 million, providing a tangible asset base relative to its market position.

Long-term debt decreased to EUR 26.5 million in 2026 from EUR 33.4 million in 2025, showing deleveraging efforts.

The debt-to-equity ratio of 0.26 aligns with the machinery cohort median, suggesting manageable leverage levels.

Envipco reported a net loss of EUR 10.7 million in fiscal year 2026, worsening from a EUR 3.0 million loss in 2025.

Free cash flow deteriorated significantly to negative EUR 8.99 million in 2026, exacerbating liquidity concerns.

Operating income turned negative at EUR 7.6 million in 2026, marking a sharp reversal from positive operating income in 2025.

Revenue €23.8M, −27,0% YoY; Operating income −152,3% YoY.

• ▍Revenue €23.8M, −27,0% YoY
• ▍Operating income −152,3% YoY
• ▍Net income −1,9% YoY
• ▍Free cash flow +22,2% YoY
• ▍Net margin -8.7%

Revenue €22.5M, −17,9% YoY; Operating income −4 529,5% YoY.

• ▍Revenue €22.5M, −17,9% YoY
• ▍Operating income −4 529,5% YoY
• ▍Net income −662,4% YoY
• ▍Free cash flow −183,3% YoY
• ▍Net margin -17.9%

Revenue €23.1M, −13,2% YoY; Operating income −394,4% YoY.

• ▍Revenue €23.1M, −13,2% YoY
• ▍Operating income −394,4% YoY
• ▍Net income −373,2% YoY
• ▍Free cash flow −619,8% YoY
• ▍Net margin -10.9%

Revenue €21.0M; Operating income -€2.0M.

• ▍Revenue €21.0M
• ▍Operating income -€2.0M
• ▍Net margin -10.0%

Revenue €32.6M; Operating income €1.9M.

• ▍Revenue €32.6M
• ▍Operating income €1.9M
• ▍Net margin -6.2%

Revenue €27.4M; Operating income €61.0k.

• ▍Revenue €27.4M
• ▍Operating income €61.0k
• ▍Net margin -1.9%

Revenue €26.6M; Operating income €642.0k.

• ▍Revenue €26.6M
• ▍Operating income €642.0k
• ▍Net margin -2.0%

Revenue €90.3M, −20,8% YoY; Operating income −305,6% YoY.

• ▍Revenue €90.3M, −20,8% YoY
• ▍Operating income −305,6% YoY
• ▍Net income −261,5% YoY
• ▍Free cash flow −150,5% YoY
• ▍Net margin -11.9%

Revenue €114.0M, +30,1% YoY; Operating income +62,0% YoY.

• ▍Revenue €114.0M, +30,1% YoY
• ▍Operating income +62,0% YoY
• ▍Net income −592,0% YoY
• ▍Free cash flow −221,8% YoY
• ▍Net margin -2.6%

Revenue €87.6M, +55,4% YoY; Operating income +184,3% YoY.

• ▍Revenue €87.6M, +55,4% YoY
• ▍Operating income +184,3% YoY
• ▍Net income +114,4% YoY
• ▍Free cash flow +85,4% YoY
• ▍Net margin 0.7%