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AFYREN (ALAFY) AI Stock Analysis

FR:ALAFY

AFYREN

(Paris:ALAFY)

Select Model
Rating:44.75Neutral
Price Target:EUR 2.00â–¼(-11.50% Downside)
Action:reiterated
Date:09/17/26

The score is driven primarily by weak financial performance—shrinking revenue, deep losses, and persistent cash burn—partly cushioned by a relatively strong, low-debt balance sheet. Technical indicators also lean bearish with the stock trading below key moving averages and negative MACD. Valuation provides limited support because earnings are negative and there is no dividend yield provided.

Positive Factors
Low financial leverageThe substantial reduction in debt and low leverage provide AFYREN with greater financial flexibility than a highly indebted industrial business. This can reduce refinancing pressure, preserve capacity to fund operations, and give management more room to pursue commercialization while losses remain elevated.
Negative Factors
Sustained revenue contractionRepeated revenue declines indicate that commercial scale-up and customer offtake are not yet producing durable top-line expansion. Continued contraction can weaken operating leverage, delay efficient plant utilization, and make it harder for AFYREN to absorb fixed costs or establish a self-sustaining growth trajectory.

AFYREN (ALAFY) vs. iShares MSCI France ETF (EWQ)

-10%0%10%20%30%40%50%FR:ALAFY+6.35%EWQ-1.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 87.81M
Dividend Yield
―
Average Volume (3M)
11.60K
Price to Earnings (P/E)
-11.4
Beta (1Y)
0.04
Revenue Growth
-13.62%
EPS Growth
54.46%
Country
France
Employees
149
Sector
Basic Materials
Sector Strength
61
Industry
Chemicals - Specialty

AFYREN Business Overview & Revenue Model

Company Description

AFYREN SAS provides biobased products to replace petroleum-based molecules in France. The company offers acetic, propionic, butyric and isobutyric, valeric and isovaleric, and caproic acids. Its products are used in the flavors and fragrances, lubric...

How the Company Makes Money

AFYREN makes money primarily by selling bio-based organic acids produced via its proprietary fermentation technology and associated downstream purification at industrial scale. The company’s core revenue model is product sales: it supplies customers...

AFYREN Financial Statement Overview

Summary

Overall fundamentals are weak due to declining revenue, sharply negative profitability (including a large gross loss in 2025), and consistently negative operating/free cash flow. The main offset is a comparatively stronger balance sheet with materially reduced debt and low leverage, which provides some financial flexibility despite ongoing losses.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.33M2.27M2.86M3.38M3.46M3.04M
Gross Profit-10.71M-5.49M-174.00K645.00K1.06M1.47M
EBITDA-11.42M-6.81M-8.81M-8.59M-4.71M-2.78M
Net Income-5.01M-14.37M-9.75M-9.59M-9.20M-3.61M
Balance Sheet
Total Assets139.25M67.14M58.56M70.43M84.82M93.15M
Cash, Cash Equivalents and Short-Term Investments17.30M35.16M33.65M49.66M62.40M67.36M
Total Debt40.90M2.42M3.31M4.79M8.54M8.95M
Total Liabilities67.49M4.19M5.86M8.63M13.84M15.29M
Stockholders Equity71.76M62.10M52.70M61.80M70.98M77.86M
Cash Flow
Free Cash Flow-15.31M-5.29M-5.84M-5.60M-3.83M-3.06M
Operating Cash Flow-9.84M-5.09M-5.62M-5.04M-3.30M-2.71M
Investing Cash Flow-27.49M-15.25M-9.11M-3.08M-362.00K-436.00K
Financing Cash Flow27.17M21.96M-1.28M-4.66M-1.14M60.77M

AFYREN Technical Analysis

Technical Analysis SentimentNegative
Last Price2.26

Price Trends

50DMA2.51Negative
100DMA2.65Negative
200DMA2.68Negative

Market Momentum

MACD-0.07Negative
RSI42.54Neutral
STOCH64.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALAFY, the sentiment is Negative. The current price of 2.26 is below the 20-day moving average (MA) of 2.29, below the 50-day MA of 2.51, and below the 200-day MA of 2.68, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 42.54 is Neutral, neither overbought nor oversold. The STOCH value of 64.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALAFY.

AFYREN Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

FR:ALAFY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
FR:AIFR:AI73OutperformEUR 115.22B30.9813.42%1.69%-1.30%3.05%
FR:CBEFR:CBE63NeutralEUR 1.57B16.03―1.92%0.30%0.78%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
FR:AKEFR:AKE56NeutralEUR 4.30B329.700.92%6.42%-5.73%-73.67%
FR:ALBKKFR:ALBKK55NeutralEUR 74.86M45.333.51%1.47%6.97%-73.50%
FR:ALCRBFR:ALCRB46NeutralEUR 87.05M-4.33-10.62%―――
FR:ALAFYFR:ALAFY45NeutralEUR 87.81M-11.44-7.49%―-13.62%54.46%

* Basic Materials Sector Average

Performance Comparison

0%50%100%FR:ALAFYFR:AIFR:AKEFR:ALCRBFR:ALBKKFR:CBEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
FR:ALAFY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
FR:ALAFYAFYREN2.260.146.60%
FR:AIAir Liquide (UK)180.9031.5921.16%
FR:AKEArkema SA (UK)56.058.7618.51%
FR:ALCRBCarbios SA5.15-1.96-27.62%
FR:ALBKKBaikowski SA20.40-2.32-10.23%
FR:CBERobertet SA Cert.d'Invest. Em.87625.00-82.39-11.65%

AFYREN Corporate Events

AFYREN’s biosourced propionic acid powers first-of-its-kind skincare launch

Oct 1, 2026

AFYREN is reinforcing its role in sustainable industrial biotechnology by supplying 100% biosourced, COSMOS‑certified propionic acid produced via a low‑carbon, circular fermentation process at its AFYREN NEOXY biorefinery in France. The c...

AFYREN and Terrial Renew Multi‑Year Potassium Fertilizer Alliance

Sep 29, 2026

AFYREN and Terrial have renewed their strategic partnership with a new multi‑year fertilizer supply contract worth several tens of millions of euros, centered on AFYREN’s potassium‑rich fertilizer processed by Terrial and marketed i...

AFYREN Takes Full Control of Flagship Plant as Production and Pre-Sold Volumes Surge

Sep 24, 2026

AFYREN has strengthened its industrial profile by acquiring the remaining 49% of its AFYREN NEOXY plant, becoming its sole owner and gaining full control over ramp-up and performance investments. The company successfully executed an optimization prog...

AFYREN scales bio-based acid output and strengthens climate-resilient positioning

Aug 27, 2026

AFYREN has crossed the milestone of 1,000 tonnes of bio-based acids produced at its AFYREN NEOXY biorefinery since ramp-up began in mid-2025, including more than 200 tonnes since operations resumed in July 2026, signalling its transition to full indu...

AFYREN Details Share Capital and Voting Rights Structure as of July 31, 2026

Aug 6, 2026

AFYREN, a French greentech company listed on Euronext Growth Paris, develops biobased, low-carbon carboxylic acids through a circular, biomass-based fermentation process aimed at reducing reliance on fossil resources. Its technology serves a broad se...

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: Sep 17, 2026