Baikowski SA (ALBKK) AI Stock Analysis

Baikowski SA

(Paris:ALBKK)

Select Model

Rating:55Neutral

Price Target:EUR 21.00▲(2.94% Upside)

Action:reiterated

Date:09/29/26

The score is held up by improving but still cyclical financial performance (stable profitability and manageable leverage), but is meaningfully dragged down by weak technicals (price below all key moving averages and negative MACD). Valuation is neutral, with a moderate P/E and a modest dividend yield offering limited support.

Positive Factors

Specialized HPA PositioningBaikowski operates in specialized alumina markets where customers require controlled particle characteristics and high chemical purity. This technical positioning can support differentiated products, customer qualification, and recurring demand from applications where material consistency is important.

Negative Factors

Cyclical Revenue BaseRevenue remains exposed to meaningful business-cycle swings, as shown by the sharp 2023 decline and the incomplete recovery through 2025. A top line still below its prior peak can limit operating leverage and make medium-term earnings less predictable when industrial demand weakens.

Baikowski SA (ALBKK) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 74.86M
Dividend Yield: 1.47%
Average Volume (3M): 1,358
Price to Earnings (P/E): 45.3
Beta (1Y): 0.40
Revenue Growth: 6.97%
EPS Growth: -73.50%
Country: France
Employees: 161
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals - Specialty

Baikowski SA Business Overview & Revenue Model

Company Description

Baikowski SA, alongside its affiliated companies, specializes in the design, manufacturing, and worldwide distribution of ultra-pure alumina powders and various specialized formulations. The firm's extensive product range also includes a variety of m...

How the Company Makes Money

Baikowski makes money primarily by manufacturing and selling high-purity alumina (HPA) and engineered alumina-based powders/materials to industrial customers. Revenue is generated through (1) product sales of alumina powders and grades tailored to cu...

Baikowski SA Financial Statement Overview

Summary

Financials show a rebound after the 2023 downturn, with 2024–2025 profitability staying positive (net margin ~7–8%) and leverage remaining manageable (debt-to-equity ~0.36). Offsetting this, revenue remains below the 2022 peak, operating profit softened in 2025 despite higher revenue (cost/mix pressure), cash flow has been volatile across the cycle, and debt increased from 2024 to 2025.

Income Statement

62Positive

Balance Sheet

70Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.75M	50.66M	47.68M	35.95M	52.98M	44.85M
Gross Profit	-294.00K	12.28M	10.83M	8.75M	14.49M	12.74M
EBITDA	7.15M	8.63M	8.28M	2.33M	9.75M	9.58M
Net Income	1.65M	3.75M	3.79M	938.00K	6.54M	6.78M
Balance Sheet
Total Assets	76.45M	74.16M	69.32M	65.30M	68.22M	64.99M
Cash, Cash Equivalents and Short-Term Investments	6.47M	8.09M	5.59M	7.15M	9.38M	9.39M
Total Debt	14.32M	16.53M	13.39M	15.64M	14.26M	13.96M
Total Liabilities	28.54M	27.90M	23.54M	23.43M	23.93M	24.18M
Stockholders Equity	47.91M	46.26M	45.78M	41.86M	44.28M	40.82M
Cash Flow
Free Cash Flow	617.00K	1.07M	6.39M	-2.40M	2.92M	8.96M
Operating Cash Flow	5.31M	5.29M	6.55M	785.00K	5.67M	10.62M
Investing Cash Flow	-4.42M	-3.60M	-3.93M	-1.91M	-2.36M	-1.19M
Financing Cash Flow	-3.80M	1.07M	-4.31M	-954.00K	-3.23M	-7.01M

Baikowski SA Technical Analysis

Technical Analysis SentimentNegative

Last Price20.40

Price Trends

50DMA21.39Negative

100DMA23.04Negative

200DMA22.45Negative

Market Momentum

MACD-0.34Negative

RSI53.71Neutral

STOCH95.45Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALBKK, the sentiment is Negative. The current price of 20.40 is above the 20-day moving average (MA) of 19.28, below the 50-day MA of 21.39, and below the 200-day MA of 22.45, indicating a neutral trend. The MACD of -0.34 indicates Negative momentum. The RSI at 53.71 is Neutral, neither overbought nor oversold. The STOCH value of 95.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALBKK.

Baikowski SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

FR:ALBKK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:RBT	67Neutral	EUR 1.57B	16.03	15.86%	1.51%	0.30%	0.78%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FR:ALBKK	55Neutral	EUR 74.86M	45.33	3.51%	1.47%	6.97%	-73.50%
FR:ALAFY	39Underperform	EUR 87.81M	-11.44	-7.49%	―	-13.62%	54.46%

* Basic Materials Sector Average

Performance Comparison

FR:ALBKK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:ALBKK	Baikowski SA	20.40	-2.32	-10.23%
FR:RBT	Robertet SA	795.00	-12.94	-1.60%
FR:ALAFY	AFYREN	2.26	0.14	6.60%

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 29, 2026

Baikowski SA AI Stock Analysis