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Leclanche SA (LECN) AI Stock Analysis

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CH:LECN

Leclanche SA

(Six Swiss:LECN)

Select Model
Rating:16Underperform
Price Target:CHF 0.11â–²(30.95% Upside)
Action:reiterated
Date:11/28/25

Leclanche SA receives a critically low score of 16, reflecting severe financial distress across all measurable dimensions. Financial performance is the primary driver of concern (40% weight), with persistent operating losses, negative equity, and unsustainable cash burn indicating the company faces material solvency risk. Technical analysis (30% weight) reinforces weakness, showing the stock trading far below all moving averages with oversold momentum indicators offering little support. Valuation metrics (30% weight) are not applicable due to negative earnings, preventing meaningful fundamental analysis. The combination of structural unprofitability, negative balance sheet equity, and technical deterioration suggests extremely high risk with limited near-term recovery catalysts. This stock is appropriate only for highly risk-tolerant investors aware of potential total loss.

Positive Factors
Revenue GrowthA strong revenue growth rate of 32.23% indicates robust demand for Leclanché's products, suggesting a solid market position and potential for future expansion.
Negative Factors
Negative MarginsNegative margins indicate cost challenges and inefficiencies, which can hinder profitability and require strategic adjustments to improve financial health.

Leclanche SA (LECN) vs. iShares MSCI Switzerland ETF (EWL)

-50%-40%-30%-20%-10%0%10%20%CH:LECN-45.81%EWL+14.77%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CHF 89.29M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-0.9
Beta (1Y)
0.07
Revenue Growth
―
EPS Growth
―
Country
Switzerland
Employees
390
Sector
General
Sector Strength
55
Industry
Electrical Equipment & Parts

Leclanche SA Business Overview & Revenue Model

Company Description

Established in 1909 and headquartered in Yverdon-les-Bains, Switzerland, Leclanché S.A. specializes in engineering, manufacturing, and supplying tailored, ready-to-deploy energy storage systems. These innovative solutions cater to various demanding s...

How the Company Makes Money

Leclanché makes money primarily by selling lithium-ion battery products and complete energy storage solutions. Key revenue streams include: (1) Sales of battery cells, modules, and packs to customers that integrate these components into their own equ...

Leclanche SA Financial Statement Overview

Summary

Leclanche SA exhibits severe financial distress with persistent operating losses, negative profit margins across all metrics, and negative stockholders' equity (-1.12 debt-to-equity ratio). While revenue grew 18.1%, the company operates at a structural loss with negative gross profit, indicating fundamental business model challenges. Negative operating and free cash flows compound solvency concerns, making the financial position critically weak.

Income Statement

8Very Negative

Balance Sheet

3Very Negative

Cash Flow

11Very Negative
Financial statement breakdown
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue19.07M17.36M17.20M17.97M18.93M21.64M
Gross Profit-22.42M-1.31M2.40M-45.14M-41.30M-54.72M
EBITDA-51.01M-49.63M-46.19M-51.50M-55.97M-61.83M
Net Income-79.23M-67.67M-67.53M-85.55M-79.97M-78.22M
Balance Sheet
Total Assets118.73M108.94M106.05M90.82M89.68M73.23M
Cash, Cash Equivalents and Short-Term Investments10.17M5.17M2.81M1.36M2.87M1.77M
Total Debt111.08M50.17M92.60M97.25M73.98M47.19M
Total Liabilities166.92M152.74M160.81M148.25M116.54M95.65M
Stockholders Equity-49.31M-44.93M-57.41M-57.42M-26.86M-22.41M
Cash Flow
Free Cash Flow-50.16M-48.54M-61.43M-53.32M-57.23M-53.00M
Operating Cash Flow-46.43M-39.06M-45.25M-46.51M-51.92M-45.37M
Investing Cash Flow-11.36M-9.43M-15.34M-6.28M-5.75M-9.78M
Financing Cash Flow66.04M50.92M62.10M51.29M59.17M55.36M

Leclanche SA Technical Analysis

Technical Analysis SentimentNegative
Last Price0.08

Price Trends

50DMA0.08Positive
100DMA0.08Positive
200DMA0.09Negative

Market Momentum

MACD-0.00Negative
RSI35.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LECN, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 35.54 is Neutral, neither overbought nor oversold. The STOCH value of is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:LECN.

Leclanche SA Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

CH:LECN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
CH:ABBNCH:ABBN68NeutralCHF 127.06B30.5531.59%1.33%0.79%6.54%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
CH:LANDCH:LAND53NeutralCHF 1.60B22.418.02%2.17%-21.66%―
CH:LECNCH:LECN16UnderperformCHF 135.10M-0.86132.25%―――

* General Sector Average

Performance Comparison

-25%0%25%50%CH:LECNCH:ABBNCH:LANDCH:SWDCH:GOTIONDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
CH:LECN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
CH:LECNLeclanche Sa0.08-0.06-41.26%
CH:ABBNAbb Ltd (UK)70.4214.8226.66%
CH:LANDLandis+Gyr Group AG55.404.999.90%
CH:SWDSunwoda Electronic Co., Ltd. Sponsored GDR Class A RegS13.65-8.89-39.45%
CH:GOTIONGotion High-tech Co., Ltd Sponsored GDR Class A RegS45.008.0521.78%

Leclanche SA Corporate Events

Leclanché shareholders back full board slate at extraordinary meeting

Jul 22, 2026

Leclanché SA has announced that its extraordinary general meeting in Yverdon-les-Bains on 22 July 2026 concluded with shareholder approval for all board-related proposals. Investors backed the discharge of existing directors, signalling confidence in...

Leclanché Wins One-Year Extension to Close €74.2 Million EU Battery Funding

Jun 24, 2026

Leclanché SA has secured a one-year extension from the European Climate, Infrastructure and Environment Executive Agency for the financial closing of its €74.2 million funding agreement to support industrial-scale battery cell manufacturing in Europe...

Leclanché Wins Delay for 2025 Annual Report as Share Trading Stays Suspended

Jun 10, 2026

Leclanché SA has received a temporary exemption from its obligation to publish and file its 2025 annual report, with Swiss regulator SIX Exchange Regulation granting an extension to submit the report by 31 July 2026. This follows an earlier deadline...

Leclanché Trading Halted as Annual Report Delay Spurs Fresh Financing Push

Jun 1, 2026

Leclanché SA has disclosed that it cannot meet the extended 31 May 2026 deadline to publish its 2025 annual report and has requested a further extension to late July, a decision on which from SIX Exchange Regulation is still pending. As a direct cons...

Leclanché delays 2025 annual report as losses deepen and equity turns negative

Apr 30, 2026

Leclanché SA, the Swiss-listed battery and energy storage specialist, has secured an extension from SIX Exchange Regulation to publish its 2025 annual report by 31 May 2026, amid a challenging finance leadership transition and complex debt-to-equity...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 28, 2025