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Amper SA
(BME:AMP)
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Rating:45Neutral
Price Target:
€4.00
▼(-14.89% Downside)
Action:Reiterated
Date:08/09/26
The score is held back primarily by weak cash generation (deeply negative free cash flow) and elevated leverage alongside inconsistent net profitability, despite improving operating margins and solid TTM revenue growth. Technical signals are mildly negative and valuation is not supportive given the high P/E and lack of dividend yield data.
Positive Factors
Revenue Growth
TTM revenue growth of 12.0% indicates continued demand for Amper’s engineering and technology solutions. Sustained top-line expansion can broaden the customer base, support greater operating scale, and provide a foundation for improving earnings if project execution remains disciplined.
Negative Factors
Deeply Negative Free Cash Flow
Persistent negative free cash flow is a major constraint because Amper is not currently converting operations into cash after investment requirements. Continued deficits can increase reliance on financing, reduce flexibility for growth initiatives, and make the business more vulnerable to execution or contract-timing pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
TTM revenue growth of 12.0% indicates continued demand for Amper’s engineering and technology solutions. Sustained top-line expansion can broaden the customer base, support greater operating scale, and provide a foundation for improving earnings if project execution remains disciplined.
Read all positive factors
Amper SA (AMP) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€381.59M
Dividend Yield21.74%
Average Volume (3M)219.31K
Price to Earnings (P/E)46500.0
Beta (1Y)0.67
Revenue Growth-37.43%
EPS Growth-109.98%
CountryES
Employees3,873
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding91,044,960
10 Day Avg. Volume180,971
30 Day Avg. Volume219,313
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.13
Price to Sales (P/S)1.10
P/FCF Ratio-5.38
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)N/A
Revenue Forecast (FY)N/A
Amper SA Business Overview & Revenue Model
Company Description
Amper, S.A., established in Madrid, Spain, in 1956, delivers a broad spectrum of industrial and technological solutions to clients both within Spain and globally. The company specializes in the deployment of FTTH fiber optic and mobile telecommuni...
How the Company Makes Money
Amper makes money mainly by delivering engineering and technology projects and related services under customer contracts. Its revenue model is primarily business-to-business/business-to-government and is typically driven by: (1) project and system...
Amper SA Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 360.66M | 281.73M | 419.47M | 369.38M | 323.37M | 307.71M |
| Gross Profit | 136.42M | 37.59M | 234.40M | 202.05M | 177.71M | 174.58M |
| EBITDA | 88.48M | 40.78M | 37.11M | 28.69M | 19.73M | 22.88M |
| Net Income | -1.64M | 1.38M | 142.00K | -1.49M | -4.73M | 7.07M |
Balance Sheet | ||||||
| Total Assets | 584.99M | 552.18M | 408.41M | 374.71M | 358.73M | 312.85M |
| Cash, Cash Equivalents and Short-Term Investments | 106.57M | 132.07M | 37.73M | 30.14M | 30.28M | 34.19M |
| Total Debt | 219.81M | 208.26M | 122.82M | 110.66M | 118.74M | 105.33M |
| Total Liabilities | 438.93M | 403.79M | 345.11M | 297.61M | 293.25M | 245.73M |
| Stockholders Equity | 145.58M | 146.22M | 61.65M | 75.06M | 50.03M | 64.03M |
Cash Flow | ||||||
| Free Cash Flow | -88.04M | -57.90M | -14.27M | -21.23M | -11.39M | -22.80M |
| Operating Cash Flow | 21.26M | 909.00K | 15.79M | 4.80M | -143.00K | -12.84M |
| Investing Cash Flow | -131.20M | -75.51M | -24.74M | -26.23M | -12.72M | -15.16M |
| Financing Cash Flow | 209.94M | 170.94M | 22.23M | 23.86M | 28.68M | 24.62M |
Amper SA Technical Analysis
Positive
4.70
Price Trends
4.53
Positive
4.78
Negative
4.64
Positive
Market Momentum
-0.02
Negative
57.47
Neutral
72.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:AMP, the sentiment is Positive. The current price of 4.7 is above the 20-day moving average (MA) of 4.49, above the 50-day MA of 4.53, and above the 200-day MA of 4.64, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.47 is Neutral, neither overbought nor oversold. The STOCH value of 72.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:AMP.
Amper SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €11.14B | 25.19 | 25.11% | 0.47% | 23.99% | 16.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €255.21M | 106.21 | 1.68% | ― | 25.36% | -66.56% | |
46 Neutral | €397.45M | 37.75 | 4.81% | 1.99% | -10.49% | -38.69% | |
45 Neutral | €381.59M | 46,500.00 | -1.12% | 21.74% | -37.43% | -109.98% |
* General Sector Average
ES:AMP
Amper SA
4.65
0.99
26.91%
ES:IDR
Indra Sistemas
63.22
13.49
27.13%
ES:DOM
Global Dominion Access SA
2.65
-0.50
-15.98%
ES:ALC
Altia Consultores S.A.
5.80
-0.44
-7.11%
ES:IZER
Izertis SA
7.18
-2.28
-24.10%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
3.56
-0.78
-17.97%
Amper SA Corporate Events
Amper Confirms Non-Binding Talks to Acquire Advanced Radar Technologies
Oct 15, 2026
Amper, S.A. has confirmed it is in negotiations to acquire Advanced Radar Technologies, responding to recent media reports about a potential deal between the two companies. The talks remain non-binding at this stage, underscoring that no definitiv...
Amper Issues Cautionary Notice With Extraordinary Shareholders’ Meeting Materials
Oct 2, 2026
Amper, S.A. convened an extraordinary general meeting of shareholders accompanied by an informational presentation that clarifies the material is not a solicitation to buy or sell securities in any jurisdiction. The company underscores that the pr...
Amper Wins €9.2 Million Contract for Spanish Navy Support Ship
Oct 1, 2026
Amper, via its subsidiary Offshore Windwaves, has secured a €9.2 million contract from Navantia to manufacture the aft superstructure for a new combat support ship for the Spanish Navy. The project, part of Spain’s Special Modernizatio...
Amper buys Freqcon unit to boost energy resilience and expand in Central Europe
Jul 31, 2026
Amper S.A. has acquired the productive unit of German firm Freqcon GmbH, which specializes in energy management and storage equipment, including its assets and technological platform. The €1.7 million transaction, completed within Freqcon...
COFIDES Invests €20 Million in Amper’s Offshore Windwaves Unit
Jul 30, 2026
Amper has agreed a 20 million euro investment from Spanish development finance institution COFIDES into its offshore wind subsidiary Offshore Windwaves, S.L., giving COFIDES a 30% stake via a capital increase. The funding will underpin new offshor...
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.