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Blockchain Group SA
(ALCPB)
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Rating:47Neutral
Price Target:
€5.50
▲(900.00% Upside)
Action:Reiterated
Date:10/29/26
The score is held down primarily by very weak financial performance, including a sharp revenue decline, deeply negative margins, and continued cash burn. Technical indicators provide some support (price above key moving averages with positive MACD), but valuation remains difficult to justify due to negative earnings and no dividend yield data.
Positive Factors
Improving Leverage
The reduction in debt-to-equity indicates improved balance-sheet flexibility relative to 2025. Moderate leverage can leave the company better positioned to absorb operating volatility and fund necessary initiatives, although continued losses could still erode that flexibility over time.
Negative Factors
Revenue and Margin Decline
Falling revenue combined with negative gross and EBIT margins indicates that the business is not currently converting activity into sustainable operating profitability. Persistent margin pressure can restrict reinvestment, weaken competitive execution, and make a durable recovery dependent on substantial operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
The reduction in debt-to-equity indicates improved balance-sheet flexibility relative to 2025. Moderate leverage can leave the company better positioned to absorb operating volatility and fund necessary initiatives, although continued losses could still erode that flexibility over time.
Read all positive factors
Blockchain Group SA (ALCPB) vs. iShares MSCI France ETF (EWQ)
Market Cap
€223.15M
Dividend YieldN/A
Average Volume (3M)315.98K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth-6.28%
EPS Growth-3728.20%
CountryFR
Employees110
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding38,467,808
10 Day Avg. Volume180,326
30 Day Avg. Volume315,977
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.56
Price to Sales (P/S)15.24
P/FCF Ratio-44.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€9.00Price Target Upside1536.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Blockchain Group SA Business Overview & Revenue Model
Company Description
Capital B, along with its affiliated companies, is dedicated to crafting and promoting blockchain solutions globally, with operations spanning France and international markets. The firm also offers services for integrating blockchain technologies ...
Blockchain Group SA Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.99M | 11.21M | 13.86M | 20.41M | 21.29M | 15.82M |
| Gross Profit | -1.38M | -2.63M | 4.78M | 5.39M | -2.25M | 1.48M |
| EBITDA | 53.45M | -4.75M | 1.08M | -7.59M | -6.50M | -346.00K |
| Net Income | -159.98M | -62.17M | 1.36M | -21.17M | -5.02M | -516.00K |
Balance Sheet | ||||||
| Total Assets | 317.07M | 297.15M | 34.06M | 33.58M | 50.83M | 50.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.27M | 218.36M | 4.35M | 1.35M | 1.02M | 3.25M |
| Total Debt | 58.62M | 99.83M | 3.42M | 3.66M | 5.94M | 4.13M |
| Total Liabilities | 230.27M | 187.80M | 21.88M | 26.17M | 23.55M | 20.92M |
| Stockholders Equity | 86.81M | 109.35M | 12.18M | 7.42M | 26.72M | 29.17M |
Cash Flow | ||||||
| Free Cash Flow | -7.82M | -3.86M | -1.95M | 360.00K | -5.61M | -1.49M |
| Operating Cash Flow | -7.80M | -3.85M | 187.00K | 2.63M | -1.31M | 2.27M |
| Investing Cash Flow | -196.26M | -267.69M | -4.46M | -2.07M | -9.11M | -7.84M |
| Financing Cash Flow | 208.37M | 274.35M | 4.12M | 1.49M | 6.55M | 7.04M |
Blockchain Group SA Technical Analysis
Neutral
0.55
Price Trends
5.56
Positive
5.11
Positive
5.76
Positive
Market Momentum
0.10
Positive
52.83
Neutral
62.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALCPB, the sentiment is Neutral. The current price of 0.55 is below the 20-day moving average (MA) of 5.73, below the 50-day MA of 5.56, and below the 200-day MA of 5.76, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 62.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALCPB.
Blockchain Group SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | €1.86B | 25.97 | ― | 1.35% | 8.20% | 18.11% | |
70 Outperform | €299.07M | 31.89 | 18.29% | 1.77% | 12.55% | 13.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | €489.38M | -7.22 | -8.25% | 5.19% | -10.15% | -227.21% | |
56 Neutral | €222.37M | 16.44 | 11.82% | 2.50% | -8.39% | -44.63% | |
47 Neutral | €223.15M | -0.80 | -163.11% | ― | -6.28% | -3728.20% | |
42 Neutral | €25.89M | -0.25 | -47.32% | ― | -26.57% | 79.38% |
* Technology Sector Average
FR:ALCPB
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Blockchain Group SA Corporate Events
Capital B Boosts Bitcoin Treasury to 3,538 BTC After Premium-Priced Share Issue
Sep 28, 2026
Capital B has completed a series of “ATM” capital increases with asset manager TOBAM, issuing 172,978 new shares at an average price of €5.68 and raising approximately €0.98 million, which it used to purchase 13 additional ...
Capital B boosts bitcoin treasury after premium share offering
Sep 14, 2026
Capital B has completed a new share issue of 44,227 ordinary shares at an average price of €5.64 per share, raising about €0.25 million under its at-the-market program with asset manager TOBAM. The capital increase, carried out without...
Capital B boosts bitcoin treasury after €30m equity financings
Sep 7, 2026
Capital B has completed a series of equity financings, including an ATM-style capital increase with TOBAM raising €1.44 million and a larger €28.7 million private placement of shares with attached warrants subscribed by global institut...
Capital B Raises €7.6 Million to Expand Bitcoin Treasury Strategy
Sep 2, 2026
Capital B SA has secured €7.6 million via a private placement of shares with four attached warrants per share, subscribed by strategic investor Adam Back at €0.58 per unit. The issue price reflects a 15.4% premium to the previous closi...
Capital B Raises €21 Million to Accelerate Bitcoin Treasury Strategy
Aug 28, 2026
Capital B SA has raised €21 million via a private placement of 36,219,070 new shares, each bundled with four share subscription warrants, at €0.58 per unit from international institutional investors including strategic backers Adam Bac...
Capital B boosts bitcoin treasury via TOBAM-funded share issue and bond conversion
Aug 17, 2026
Capital B has completed a €0.30 million at-the-market capital increase with asset manager TOBAM at an average price of €0.47 per share, issuing 647,110 new shares and waiving shareholders’ pre-emptive rights to fund its bitcoin a...
Capital B boosts bitcoin treasury and streamlines capital structure
Aug 3, 2026
Capital B SA has completed a small capital increase via its ATM program with TOBAM, issuing 101,636 new shares at €0.52 each for gross proceeds of about €0.05 million. Using these funds, the company acquired 1 additional bitcoin for ro...
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.