Iproeb SA

Iproeb maintains a strong liquidity position with a current ratio of 6.93, supported by €37.2 million in cash and equivalents, which exceeds its total liabilities of €20.3 million. The company's debt-to-equity ratio is effectively zero, indicating a conservative capital structure with no long-term debt obligations.

Profitability metrics show a return on equity (ROE) of 4.67% and a return on assets (ROA) of 4.13%, which are below the industry median for electrical equipment manufacturers. The gross margin of 44.1% (€19.7 million gross profit on €44.7 million revenue) is in line with industry norms, but operating margin of 19.4% (€8.7 million operating income) suggests room for improvement in cost control.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification beyond its primary European markets. This concentration increases exposure to regional economic fluctuations and regulatory changes.

Recent financial performance shows a stable revenue base of €44.7 million, with no significant year-over-year growth. The outlook for the current fiscal year indicates a modest revenue increase, with capital expenditures remaining low at -€725,000, suggesting a focus on maintaining rather than expanding operations.

Risk factors are minimal, with no immediate liquidity or dilution concerns. The company has not issued new shares in the past year, and no dilution sources were identified in recent filings. However, the lack of long-term debt also limits financial flexibility in capital-intensive expansion scenarios.

No recent material events or filings have been disclosed that would significantly alter the company's strategic direction or financial position. The most recent 10-K filing did not highlight any new product launches, major contracts, or regulatory changes that would impact near-term performance.

The company maintains a zero debt-to-equity ratio, placing it above the 75th percentile of peers and indicating a conservative capital structure.

Cash conversion of 3.58 is best-in-class, significantly outperforming the cohort median of 0.89 and highlighting superior cash generation efficiency.

Revenue grew at a 6.7% compound annual growth rate over four years, showing consistent top-line expansion despite recent volatility.

Long-term debt surged to 33.2 million RON in the latest period, a significant increase from just 7.3 million RON in the prior year.

Net income declined 2.1% year-over-year to 19.5 million RON, indicating stagnation in bottom-line profitability despite revenue growth.

Operating income fell 3.8% year-over-year to 21.0 million RON, suggesting margin pressure or increased operational costs in the latest period.

Return on equity of 4.67% remains relatively low, despite being above the cohort median, indicating modest returns on shareholder capital.

Revenue RON 148.8M; Operating income RON 5.0M.

• ▍Revenue RON 148.8M
• ▍Operating income RON 5.0M
• ▍Net margin 2.6%