Carbios SA (ALCRB) AI Stock Analysis

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Carbios SA

(Paris:ALCRB)

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Rating:46Neutral

Price Target:EUR 5.00▲(2.04% Upside)

Action:reiterated

Date:09/30/26

The score is primarily weighed down by weak financial performance, with large ongoing losses and continued cash burn despite strong revenue growth. Technicals are mixed (short-term strength but longer-term downtrend signals), while valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Proprietary recycling technologyCarbios’s proprietary enzymatic process addresses a structural need for circular plastics by converting waste into reusable monomers. If industrialized successfully, the technology could support licensing, royalties, and partner adoption while differentiating the company from conventional recycling approaches.

Negative Factors

Persistent operating lossesLarge operating and net losses show that current revenue is far below the level needed to cover Carbios’s cost base. Persistent losses can consume the equity cushion, require additional financing, and delay the point at which the recycling platform can generate self-sustaining returns.

Carbios SA (ALCRB) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 105.45M
Dividend Yield: ―
Average Volume (3M): 18.02K
Price to Earnings (P/E): -4.1
Beta (1Y): 1.32
Revenue Growth: ―
EPS Growth: ―
Country: France
Employees: 91
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals - Specialty

Carbios SA Business Overview & Revenue Model

Company Description

Carbios SAS, a pioneering French green chemistry company, is at the forefront of developing industrial bioprocesses for the biodegradation and biorecycling of various polymers. Among its key innovations is EVANESTO, an enzymatic solution specifically...

How the Company Makes Money

Carbios generates (or aims to generate, as technologies are scaled) revenue primarily by monetizing its proprietary enzymatic recycling technologies and associated know-how. Key revenue streams include: (1) Licensing and royalties: Carbios can licens...

Carbios SA Financial Statement Overview

Summary

Despite sharp revenue growth in 2025, profitability remains very weak (deeply negative gross profit and large operating/net losses) alongside ongoing negative operating cash flow and free cash flow. A key offset is the relatively strong, low-leverage balance sheet with high equity versus limited debt.

Income Statement

22Negative

Balance Sheet

66Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.17M	3.10M	136.00K	24.00K	70.00K	105.00K
Gross Profit	-28.83M	-16.56M	96.00K	24.00K	70.00K	105.00K
EBITDA	-17.11M	-21.40M	-32.29M	-18.73M	-20.73M	5.29M
Net Income	-20.15M	-34.26M	-33.11M	-27.22M	-27.74M	3.78M
Balance Sheet
Total Assets	223.18M	232.49M	279.98M	302.01M	183.96M	178.73M
Cash, Cash Equivalents and Short-Term Investments	47.51M	49.96M	93.11M	191.82M	100.56M	104.96M
Total Debt	30.44M	31.65M	45.67M	48.62M	46.01M	20.29M
Total Liabilities	37.34M	38.27M	80.31M	67.69M	58.52M	32.00M
Stockholders Equity	185.84M	193.76M	199.68M	234.31M	125.44M	146.74M
Cash Flow
Free Cash Flow	-10.10M	-18.44M	-92.76M	-49.39M	-34.77M	-21.25M
Operating Cash Flow	-7.96M	-15.65M	-30.20M	-22.59M	-23.05M	-9.04M
Investing Cash Flow	-12.40M	-18.03M	-70.58M	-22.39M	-9.33M	-22.84M
Financing Cash Flow	-54.00K	330.00K	-1.28M	136.25M	26.75M	107.76M

Carbios SA Technical Analysis

Technical Analysis SentimentNegative

Last Price4.90

Price Trends

50DMA5.33Negative

100DMA5.82Negative

200DMA6.86Negative

Market Momentum

MACD-0.10Negative

RSI38.07Neutral

STOCH40.62Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALCRB, the sentiment is Negative. The current price of 4.90 is below the 20-day moving average (MA) of 5.14, below the 50-day MA of 5.33, and below the 200-day MA of 6.86, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 38.07 is Neutral, neither overbought nor oversold. The STOCH value of 40.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALCRB.

Carbios SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

FR:ALCRB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:AI	63Neutral	EUR 121.23B	32.90	13.42%	1.59%	-1.30%	3.05%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FR:AKE	56Neutral	EUR 4.44B	53.36	1.28%	6.13%	-1.70%	-42.07%
FR:ALBKK	55Neutral	EUR 70.46M	42.44	3.51%	1.57%	6.97%	-73.50%
FR:ALCRB	46Neutral	EUR 85.86M	-4.12	-10.62%	―	―	―
FR:ALAFY	35Underperform	EUR 86.25M	-11.27	-7.49%	―	-13.62%	54.46%

* Basic Materials Sector Average

Performance Comparison

FR:ALCRB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:ALCRB	Carbios SA	4.90	-3.75	-43.35%
FR:AI	Air Liquide (UK)	192.16	38.01	24.66%
FR:AKE	Arkema SA (UK)	58.70	8.39	16.68%
FR:ALAFY	AFYREN	2.23	-0.17	-7.29%
FR:ALBKK	Baikowski SA	19.10	-4.41	-18.77%
FR:ALDUB	Encres Dubuit SA	1.84	-0.48	-20.69%

Carbios SA Corporate Events

Carbios and Partners Prove Industrial-Scale Enzymatic Recycling for High-Performance r-PET T-Shirts

Sep 29, 2026

Carbios has successfully produced high-performance recycled polyester T-shirts entirely on European industrial lines using its enzymatic biorecycling process to convert complex textile and plastic waste into EnzyTex r-PET. The project, carried out wi...

Carbios Tightens Costs and Advances Financing for Longlaville Biorecycling Plant

Sep 24, 2026

Carbios reported first-half 2026 results showing a 19% reduction in operating expenses and a sharply lower net cash consumption, leaving the group with €48 million in cash and at least 12 months of operating runway. The improved cost discipline narro...

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 30, 2026

Carbios SA AI Stock Analysis