Aspocomp Group Oyj

Aspocomp Group Oyj has a liquidity ratio of 2.04, indicating a current ratio that is above 1 but not significantly so, suggesting moderate liquidity risk. The company's debt-to-equity ratio is 0.36, which is relatively low, indicating a conservative capital structure. However, the company has a negative net cash position after subtracting total debt, which raises concerns about its short-term liquidity.

The company's profitability metrics are weak, with a return on equity of -8.37% and a return on assets of -4.84%. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The operating income is negative at -1.23 million EUR, and the net income is also negative at -1.32 million EUR, reflecting a challenging operating environment.

Aspocomp Group Oyj's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to market-specific risks. The company's revenue of 7.04 million EUR is significantly lower than the median for its industry, indicating a smaller market presence.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year. The operating cash flow is negative at -3.11 million EUR, and the free cash flow is also negative at -0.88 million EUR, indicating that the company is not generating sufficient cash to fund its operations or growth initiatives.

The company's risk profile is characterized by medium liquidity risk and low dilution risk. The negative net cash position after subtracting total debt is a key flag, indicating potential liquidity constraints. The company has not issued additional shares recently, and there is no indication of near-term dilution pressure.

Recent events and disclosures indicate that the company is facing financial challenges, with negative operating and net income. The company's capital expenditure of -202,000 EUR suggests a reduction in investment in new projects or facilities. The company's financial performance has not met analyst expectations, as evidenced by the mean price target of 4.70 EUR and a mean recommendation of 4.00, which is neutral.

Free cash flow surged 147.4% year-over-year to EUR 955,000 in FY2026, signaling strong operational recovery.

Operating income expanded 122.8% year-over-year to EUR 905,000 in FY2026, demonstrating significant margin improvement.

Cash conversion ratio of 2.35 ranks in the top quartile among 544 semiconductor peers.

Debt-to-equity ratio of 0.36 is below the semiconductor cohort median of 0.24, indicating conservative leverage.

Revenue grew 38.3% year-over-year to EUR 38.15 million in FY2026, reversing prior declines.

The sole analyst recommendation is a sell, with a price target implying 5.4% downside.

Net income CAGR was -33.4% over four years, reflecting severe historical profitability volatility.

Liquidity risk is assessed as medium, posing potential challenges for short-term financial flexibility.

Revenue €9.7M, −6,0% YoY; Operating income −73,7% YoY.

• ▍Revenue €9.7M, −6,0% YoY
• ▍Operating income −73,7% YoY
• ▍Net income −74,8% YoY
• ▍Free cash flow −233,2% YoY
• ▍Net margin 1.8%

Revenue €8.9M, +11,8% YoY; Operating income −618,5% YoY.

• ▍Revenue €8.9M, +11,8% YoY
• ▍Operating income −618,5% YoY
• ▍Net income −138,1% YoY
• ▍Free cash flow −121,9% YoY
• ▍Net margin -3.7%

Revenue €8.8M, +38,8% YoY; Operating income +126,9% YoY.

• ▍Revenue €8.8M, +38,8% YoY
• ▍Operating income +126,9% YoY
• ▍Net income +113,0% YoY
• ▍Free cash flow +122,9% YoY
• ▍Net margin 2.0%

Revenue €10.1M, +43,4% YoY; Operating income +114,0% YoY.

• ▍Revenue €10.1M, +43,4% YoY
• ▍Operating income +114,0% YoY
• ▍Net income +89,4% YoY
• ▍Free cash flow +106,7% YoY
• ▍Net margin -1.4%

Revenue €10.3M; Operating income €831.0k.

• ▍Revenue €10.3M
• ▍Operating income €831.0k
• ▍Net margin 6.8%

Revenue €7.9M; Operating income €81.0k.

• ▍Revenue €7.9M
• ▍Operating income €81.0k
• ▍Net margin 10.8%

Revenue €6.4M; Operating income -€1.2M.

• ▍Revenue €6.4M
• ▍Operating income -€1.2M
• ▍Net margin -21.2%

Revenue €7.0M; Operating income -€1.2M.

• ▍Revenue €7.0M
• ▍Operating income -€1.2M
• ▍Net margin -18.7%

Revenue €38.2M, +38,3% YoY; Operating income +122,8% YoY.

• ▍Revenue €38.2M, +38,3% YoY
• ▍Operating income +122,8% YoY
• ▍Net income +111,9% YoY
• ▍Free cash flow +147,4% YoY
• ▍Net margin 1.1%

Revenue €27.6M, −14,6% YoY; Operating income −127,6% YoY.

• ▍Revenue €27.6M, −14,6% YoY
• ▍Operating income −127,6% YoY
• ▍Net income −112,3% YoY
• ▍Free cash flow +45,6% YoY
• ▍Net margin -12.6%

Revenue €32.3M, −17,4% YoY; Operating income −138,7% YoY.

• ▍Revenue €32.3M, −17,4% YoY
• ▍Operating income −138,7% YoY
• ▍Net income −146,2% YoY
• ▍Free cash flow −295,0% YoY
• ▍Net margin -5.1%

Revenue €39.1M, +18,0% YoY; Operating income +100,7% YoY.

• ▍Revenue €39.1M, +18,0% YoY
• ▍Operating income +100,7% YoY
• ▍Net income +68,3% YoY
• ▍Free cash flow −27,4% YoY
• ▍Net margin 9.1%