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exceet Group SA
(XETRA:H2A)
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Rating:42Neutral
Price Target:
€0.97
▼(-3.56% Downside)
Action:N/A
Date:09/22/26
The score is primarily weighed down by very weak financial performance, including steep revenue contraction, severely negative profitability, and heavy multi-year cash burn that increases funding risk. Technical indicators are mixed and do not provide a strong offset, while valuation remains constrained by ongoing losses (negative P/E) and no provided dividend yield.
Positive Factors
Positive Equity Base
Positive equity provides some residual balance-sheet support despite losses and debt. This cushion is limited, but the company has not yet exhausted book capital, offering more flexibility than a negative-equity position over the next several months.
Negative Factors
Severe Revenue Contraction
The sharp revenue contraction indicates a substantial loss of business scale and weak near-term demand or execution. A smaller revenue base reduces operating leverage, limits resources for investment, and makes recovery more dependent on winning meaningful new contracts or rebuilding existing activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Equity Base
Positive equity provides some residual balance-sheet support despite losses and debt. This cushion is limited, but the company has not yet exhausted book capital, offering more flexibility than a negative-equity position over the next several months.
Read all positive factors
exceet Group SA (H2A) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€51.16M
Dividend Yield106.5%
Average Volume (3M)13.22K
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth-46.92%
EPS Growth3.25%
CountryDE
Employees144
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.58
Shares Outstanding50,152,435
10 Day Avg. Volume12,651
30 Day Avg. Volume13,225
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)1.84
Price to Sales (P/S)4.94
P/FCF Ratio-1.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.54
Revenue Forecast (FY)€14.36M
exceet Group SA Business Overview & Revenue Model
Company Description
H2APEX Group SCA is a developer, builder, and operator of green hydrogen plants used for the decarbonization of industry, infrastructure, and mobility. The company provides turnkey solutions, including planning and ongoing production, and is activ...
exceet Group SA Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
28
Negative
Cash Flow
6
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.84M | 9.96M | 29.57M | 15.30M | 3.85M | 1.28M |
| Gross Profit | -2.59M | -7.06M | 892.00K | 1.66M | 3.83M | 1.24M |
| EBITDA | -13.20M | -28.90M | -16.55M | -16.73M | -3.42M | -1.10M |
| Net Income | -16.10M | -33.76M | -27.90M | -24.69M | -3.87M | 87.05M |
Balance Sheet | ||||||
| Total Assets | 118.97M | 83.27M | 91.25M | 122.45M | 118.63M | 122.47M |
| Cash, Cash Equivalents and Short-Term Investments | 40.10M | 7.50M | 16.07M | 44.47M | 117.39M | 116.75M |
| Total Debt | 56.00K | 36.47M | 34.49M | 44.59M | 9.00K | 27.00K |
| Total Liabilities | 50.78M | 56.39M | 60.92M | 64.58M | 2.84M | 4.31M |
| Stockholders Equity | 68.15M | 26.70M | 30.13M | 57.74M | 115.79M | 118.16M |
Cash Flow | ||||||
| Free Cash Flow | -4.30M | -47.94M | -21.56M | -26.49M | -4.09M | 2.43M |
| Operating Cash Flow | -4.30M | -38.26M | -18.45M | -14.81M | -4.08M | 4.08M |
| Investing Cash Flow | -573.00K | 1.43M | -3.06M | 76.45M | 4.04M | 97.58M |
| Financing Cash Flow | 164.00K | 28.84M | -6.92M | -17.43M | -46.00K | -3.19M |
exceet Group SA Technical Analysis
Negative
1.01
Price Trends
0.99
Positive
0.97
Positive
1.12
Negative
Market Momentum
0.01
Positive
43.53
Neutral
29.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:H2A, the sentiment is Negative. The current price of 1.01 is below the 20-day moving average (MA) of 1.15, above the 50-day MA of 0.99, and below the 200-day MA of 1.12, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 43.53 is Neutral, neither overbought nor oversold. The STOCH value of 29.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:H2A.
exceet Group SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €5.19B | 16.48 | 17.00% | 3.30% | 5.53% | 17.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | €8.38B | 70.11 | 1.49% | 5.52% | -4.03% | -71.46% | |
57 Neutral | €4.39B | -10.20 | -11.14% | 2.83% | ― | ― | |
50 Neutral | €12.46B | -17.76 | -9.70% | 8.20% | -8.72% | -140.66% | |
48 Neutral | €1.13B | -1.66 | -18.62% | 0.78% | -9.81% | -305.46% | |
42 Neutral | €51.16M | -1.41 | -158.35% | 106.50% | -46.92% | 3.25% |
* Basic Materials Sector Average
DE:H2A
exceet Group SA
1.02
-0.86
-45.74%
DE:1COV
Covestro
60.00
2.76
4.82%
DE:EVK
Evonik
18.13
3.95
27.85%
DE:FPE
Fuchs Petrolub
36.95
7.51
25.49%
DE:LXS
LANXESS
12.87
-9.50
-42.47%
DE:WCH
Wacker Chemie AG
90.05
24.75
37.90%
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.