Delta Plus (ALDLT) AI Stock Analysis

Delta Plus

(Paris:ALDLT)

Select Model

Rating:65Neutral

Price Target:EUR 23.50▲(8.80% Upside)

Action:reiterated

Date:10/31/26

The score is supported primarily by attractive valuation and a generally sound balance sheet, but recent revenue and margin deterioration, volatile cash generation, and broadly weak technical momentum materially reduce the investment profile.

Positive Factors

Strong Cash GenerationConsistently positive free cash flow provides internal funding for investment, working capital, and debt reduction. The sharp 2025 rebound and roughly 72% conversion of earnings into free cash flow strengthen financial flexibility and support resilience over the next several quarters.

Negative Factors

Weak Recent Revenue TrendThe recent loss of top-line momentum indicates that earlier growth has not continued consistently. Stagnant or declining revenue can limit operating leverage, reduce the scope for reinvestment, and make future earnings more dependent on cost control rather than sustainable demand expansion.

Delta Plus (ALDLT) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 153.80M
Dividend Yield: 3.41%
Average Volume (3M): 2,264
Price to Earnings (P/E): 6.3
Beta (1Y): 0.94
Revenue Growth: 1.08%
EPS Growth: -12.77%
Country: France
Employees: 3,748
Sector: General
Sector Strength: 55
Industry: Apparel - Footwear & Accessories

Delta Plus Business Overview & Revenue Model

Company Description

Delta Plus Group engages in design, manufacture, and distribution of a range of personal protective equipment worldwide. It provides head protection products, including eyewear, skull, hearing, and respiratory protection products, as well as cut, the...

How the Company Makes Money

Delta Plus primarily makes money by selling personal protective equipment (PPE) to professional customers. Revenue is generated from the sale of its product ranges across major PPE categories (e.g., protective headgear, eyewear, hearing protection, r...

Delta Plus Financial Statement Overview

Summary

Financial performance is adequate overall: the balance sheet is healthy with improving leverage and steady asset and equity growth, while profitability remains positive. However, recent revenue declines, margin compression, lower returns on equity, and volatile cash generation limit the score.

Income Statement

68Positive

Balance Sheet

75Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	398.16M	389.60M	400.10M	420.56M	420.21M	344.21M
Gross Profit	-8.73M	76.55M	221.60M	222.02M	216.89M	85.93M
EBITDA	59.24M	59.37M	65.48M	68.31M	64.20M	55.73M
Net Income	25.84M	27.20M	31.10M	37.97M	33.80M	32.44M
Balance Sheet
Total Assets	610.99M	556.60M	549.50M	520.48M	538.76M	445.59M
Cash, Cash Equivalents and Short-Term Investments	42.02M	37.10M	37.80M	41.32M	36.16M	55.53M
Total Debt	241.61M	207.30M	194.80M	196.64M	237.00M	175.38M
Total Liabilities	323.56M	281.10M	275.60M	277.54M	316.79M	250.45M
Stockholders Equity	287.18M	274.10M	272.50M	242.07M	222.23M	195.28M
Cash Flow
Free Cash Flow	29.45M	39.18M	29.04M	64.89M	13.44M	25.78M
Operating Cash Flow	43.87M	54.71M	43.59M	76.12M	23.88M	31.74M
Investing Cash Flow	-57.67M	-34.56M	-23.84M	-10.83M	-66.03M	-22.68M
Financing Cash Flow	22.46M	-19.84M	-22.93M	-56.31M	26.92M	-1.30M

Delta Plus Technical Analysis

Technical Analysis SentimentNegative

Last Price21.60

Price Trends

50DMA27.36Negative

100DMA31.32Negative

200DMA36.89Negative

Market Momentum

MACD-2.02Negative

RSI40.83Neutral

STOCH49.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALDLT, the sentiment is Negative. The current price of 21.60 is below the 20-day moving average (MA) of 22.05, below the 50-day MA of 27.36, and below the 200-day MA of 36.89, indicating a bearish trend. The MACD of -2.02 indicates Negative momentum. The RSI at 40.83 is Neutral, neither overbought nor oversold. The STOCH value of 49.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALDLT.

Delta Plus Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:ALDLT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:MTU	67Neutral	EUR 756.20M	8.67	8.83%	3.80%	7.68%	19.52%
FR:ALDLT	65Neutral	EUR 157.49M	6.27	9.21%	3.41%	1.08%	-12.77%
FR:LSS	61Neutral	EUR 707.81M	27.39	7.65%	1.87%	-5.95%	-3.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:EXE	54Neutral	EUR 114.69M	-29.65	-0.86%	3.55%	-12.33%	-113.67%
FR:PIG	50Neutral	EUR 63.49M	-2.42	-20.93%	10.23%	-2.39%	-46.00%
FR:FRVIA	47Neutral	EUR 1.65B	-1.92	-99.86%	―	-31.72%	-296.04%

* General Sector Average

Performance Comparison

FR:ALDLT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:ALDLT	Delta Plus	22.00	-20.05	-47.68%
FR:EXE	EXEL INDUSTRIES	16.90	-18.07	-51.68%
FR:FRVIA	Forvia Se	8.39	-2.85	-25.36%
FR:PIG	Haulotte Group	2.15	0.15	7.50%
FR:LSS	Lectra SA	18.72	-3.78	-16.80%
FR:MTU	Manitou BF	19.76	2.81	16.59%

Delta Plus Corporate Events

Delta Plus Publishes 2026 Half-Year Financial Report

Aug 31, 2026

Delta Plus Group has released its half-year financial report for the period ended 30 June 2026, making the document available to investors and the public via the results section of its corporate website. The publication of these interim figures provi...

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 31, 2026

Delta Plus AI Stock Analysis