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Blockchain Group SA (ALCPB) AI Stock Analysis

FR:ALCPB

Blockchain Group SA

(Paris:ALCPB)

Select Model
Rating:45Neutral
Price Target:EUR 5.50â–¼(-5.40% Downside)
Action:reiterated
Date:10/29/26

Severe financial strain from declining revenue, massive losses, and cash burn is the dominant factor capping the score, with mildly positive technicals offering only modest support and poor valuation adding pressure.

Positive Factors
Improving LeverageThe 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 DeclineFalling 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.

Blockchain Group SA (ALCPB) vs. iShares MSCI France ETF (EWQ)

-60%-50%-40%-30%-20%-10%0%10%20%FR:ALCPB-35.18%EWQ-1.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 223.15M
Dividend Yield
―
Average Volume (3M)
309.44K
Price to Earnings (P/E)
-0.8
Beta (1Y)
0.96
Revenue Growth
-6.28%
EPS Growth
-3728.20%
Country
France
Employees
110
Sector
Technology
Sector Strength
61
Industry
Software - Application

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 and...

Blockchain Group SA Financial Statement Overview

Summary

Revenue declined 13% with negative gross margins, massive net losses over 195 million, and persistent negative cash flows signal severe financial distress.

Income Statement

19Very Negative

Balance Sheet

38Negative

Cash Flow

14Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue17.99M11.21M13.86M20.41M21.29M15.82M
Gross Profit-2.82M-2.63M4.78M5.39M-2.25M1.48M
EBITDA53.45M-4.75M1.08M-7.59M-6.50M-346.00K
Net Income-159.98M-62.17M1.36M-21.17M-5.02M-516.00K
Balance Sheet
Total Assets317.07M297.15M34.06M33.58M50.83M50.87M
Cash, Cash Equivalents and Short-Term Investments2.27M218.36M4.35M1.35M1.02M3.25M
Total Debt58.62M99.83M3.42M3.66M5.94M4.13M
Total Liabilities230.27M187.80M21.88M26.17M23.55M20.92M
Stockholders Equity86.81M109.35M12.18M7.42M26.72M29.17M
Cash Flow
Free Cash Flow-7.82M-3.86M-1.95M360.00K-5.61M-1.49M
Operating Cash Flow-7.80M-3.85M187.00K2.63M-1.31M2.27M
Investing Cash Flow-196.26M-267.69M-4.46M-2.07M-9.11M-7.84M
Financing Cash Flow208.37M274.35M4.12M1.49M6.55M7.04M

Blockchain Group SA Technical Analysis

Technical Analysis SentimentNeutral
Last Price5.81

Price Trends

50DMA5.56Positive
100DMA5.11Positive
200DMA5.76Positive

Market Momentum

MACD0.10Positive
RSI52.83Neutral
STOCH62.02Neutral

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 5.81 is above the 20-day moving average (MA) of 5.73, above the 50-day MA of 5.56, and above 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

FR:ALCPB against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
FR:PLNWFR:PLNW82OutperformEUR 1.86B25.97―1.35%8.20%18.11%
FR:ALBFRFR:ALBFR75OutperformEUR 299.07M31.8918.29%―12.55%13.10%
FR:LINFR:LIN72OutperformEUR 222.37M16.4411.82%2.50%-8.39%-44.63%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
FR:QDTFR:QDT61NeutralEUR 489.38M-7.22-8.25%5.19%-10.15%-227.21%
FR:ALCPBFR:ALCPB45NeutralEUR 223.15M-0.80-163.11%―-6.28%-3728.20%
FR:VMXFR:VMX32UnderperformEUR 25.89M-0.25-47.32%―-26.57%79.38%

* Technology Sector Average

Performance Comparison

-50%0%50%100%FR:ALCPBFR:VMXFR:LINFR:QDTFR:ALBFRFR:PLNWDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
FR:ALCPB and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
FR:ALCPBBlockchain Group SA5.81-3.84-39.75%
FR:VMXVerimatrix SA0.300.1378.31%
FR:LINLinedata Services48.004.3910.07%
FR:QDTQuadient Sa14.440.362.53%
FR:ALBFRSidetrade SA209.50-22.50-9.70%
FR:PLNWPlanisware Societe anonyme26.756.9635.16%

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 bit...

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 a...

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 institution...

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 closing,...

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 Back a...

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 accu...

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 rough...

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: Oct 29, 2026