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Amper SA
(BME:AMP)
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Rating:45Neutral
Price Target:
€4.50
▼(-4.26% 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
Positive TTM revenue growth indicates continued demand for Amper’s engineering and technology offerings. If sustained, expanding sales can improve operating leverage, support larger project capacity, and strengthen the company’s position across defense, communications, and industrial customers over coming quarters.
Negative Factors
Deeply Negative Free Cash Flow
Persistently negative free cash flow limits the company’s ability to fund investment and contractual activity from internally generated cash. Even with improved operating cash flow, continued cash deficits can increase reliance on financing and constrain flexibility when project spending remains elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Positive TTM revenue growth indicates continued demand for Amper’s engineering and technology offerings. If sustained, expanding sales can improve operating leverage, support larger project capacity, and strengthen the company’s position across defense, communications, and industrial customers over coming quarters.
Read all positive factors
Amper SA (AMP) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€384.05M
Dividend Yield21.74%
Average Volume (3M)212.39K
Price to Earnings (P/E)46500.0
Beta (1Y)0.57
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. Volume186,712
30 Day Avg. Volume212,394
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 | 82.82M | 40.78M | 37.11M | 28.69M | 19.63M | 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
4.64
Positive
4.89
Negative
4.63
Positive
Market Momentum
0.01
Negative
52.53
Neutral
73.23
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 4.53, above the 50-day MA of 4.64, and above the 200-day MA of 4.63, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.53 is Neutral, neither overbought nor oversold. The STOCH value of 73.23 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 | €10.33B | 23.10 | 25.11% | 0.52% | 23.99% | 16.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €285.06M | 55.29 | 4.21% | ― | 21.31% | -12.38% | |
46 Neutral | €390.71M | 37.82 | 4.81% | 1.99% | -10.49% | -38.69% | |
45 Neutral | €384.05M | 46,500.00 | -1.12% | 21.74% | -37.43% | -109.98% |
* General Sector Average
ES:AMP
Amper SA
4.65
1.37
41.55%
ES:IDR
Indra Sistemas
57.98
18.66
47.47%
ES:DOM
Global Dominion Access SA
2.66
-0.70
-20.89%
ES:ALC
Altia Consultores S.A.
6.00
0.05
0.89%
ES:IZER
Izertis SA
7.74
-1.68
-17.83%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
3.84
-0.42
-9.86%
Amper SA Corporate Events
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...
Amper Completes Capital Reduction and Reverse Share Split on Spanish Bourses
Jul 22, 2026
Amper has completed a capital reorganisation involving a minor capital reduction through the cancellation of twelve treasury shares and a reverse split of its entire share capital. The move consolidates existing shares into new ordinary shares on ...
Amper Restructures Share Capital With Reverse Split and New Listing
Jul 21, 2026
Amper, S.A. has completed a capital reorganization involving a small reduction of share capital through the cancellation of treasury shares and a reverse stock split consolidating existing shares into new ordinary shares with a higher nominal valu...
Amper Completes Capital Reduction and Reverse Split to Restructure Share Base
Jul 21, 2026
Amper S.A. has completed a capital restructuring that reduces the number of shares in issue while significantly increasing their nominal value. The company cancelled a small number of treasury shares and carried out a reverse split at a ratio of o...
Amper Reshapes Capital Structure With Reverse Share Split on Spanish Bourses
Jul 21, 2026
Amper S.A. has completed a capital restructuring that reduces the number of outstanding shares and increases their nominal value, while maintaining its listing across Spain’s main stock exchanges and the SIBE platform. The move underscores t...
Amper Implements Reverse Share Split and Technical Capital Reduction
Jul 7, 2026
Amper S.A. has announced that its board of directors will execute shareholder-approved changes to its capital structure, including a technical reduction of share capital via the cancellation of a small number of treasury shares to enable a reverse...
Amper Warns Shareholders on Limits of Meeting Presentation and Data
Jul 1, 2026
Amper, S.A. used its 2026 General Shareholders’ Meeting presentation to clarify that the materials provided are solely informational and do not constitute any form of offer or solicitation for its financial instruments. The company specifies...
Amper Board Member and Audit Chair to Step Down After 2026 Shareholders’ Meeting
Jul 1, 2026
Amper, S.A. has announced that independent director Ana López de Mendoza Laburu has voluntarily resigned from its Board of Directors, as well as from her roles as Chair of the Audit and Control Committee and member of the Sustainability Commi...
Amper Reshapes Board Committees and Confirms CEO in Governance Overhaul
Jul 1, 2026
Amper has overhauled the composition of its key board committees, appointing María del Rosario Casero Echeverri as chair of the Audit and Control Committee and adding María Luisa Poncela García as a member, following the resignation...
Amper shareholders back all board proposals at 2026 general meeting
Jul 1, 2026
Amper, S.A. reported that its 2026 Ordinary General Shareholders’ Meeting was held on second call in Pozuelo de Alarcón, with shareholders present or represented holding 33.26% of the company’s share capital. The meeting combined ...
Amper Wins €14 Million Contract to Support Brazil’s Universal Power Access Program
Jun 25, 2026
Amper, through its Brazilian subsidiary ELINSA do Brasil, has secured a contract worth more than €14 million from Equatorial Energía to deliver electrical services in the State of Pará under Brazil’s Programa Luz para Todos. ...
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.