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Netgem SA
(ALNTG)
Select Model
Select Model
Rating:64Neutral
Price Target:
€1.00
▲(25.00% Upside)
Action:Reiterated
Date:09/10/26
The score is driven primarily by improved profitability and a conservatively financed balance sheet, partially offset by multi-year revenue contraction and weak/volatile free-cash-flow conversion. Technically, the uptrend is positive but appears overextended, while valuation is supported by a reasonable P/E and a solid dividend yield.
Positive Factors
Operating Profitability
The recovery to a strong EBIT margin shows that Netgem can generate meaningful operating profit despite its smaller revenue base. If maintained, this improves internal funding capacity, supports product investment, and provides a stronger foundation for earnings over the next several quarters.
Negative Factors
Multi-Year Revenue Contraction
A shrinking top line is a durable constraint because it limits the scale from which Netgem can expand profits and may reduce the resources available for investment. Continued contraction would also make the recent margin recovery harder to sustain over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Profitability
The recovery to a strong EBIT margin shows that Netgem can generate meaningful operating profit despite its smaller revenue base. If maintained, this improves internal funding capacity, supports product investment, and provides a stronger foundation for earnings over the next several quarters.
Read all positive factors
Netgem SA (ALNTG) vs. iShares MSCI France ETF (EWQ)
Market Cap
€34.91M
Dividend Yield4.74%
Average Volume (3M)49.27K
Price to Earnings (P/E)17.6
Beta (1Y)0.24
Revenue Growth1.84%
EPS Growth36.95%
CountryFR
Employees113
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.06
Shares Outstanding34,887,726
10 Day Avg. Volume112,514
30 Day Avg. Volume49,269
Financial Highlights & Ratios
PEG Ratio-0.79
Price to Book (P/B)1.20
Price to Sales (P/S)0.94
P/FCF Ratio18.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.08
Revenue Forecast (FY)€33.73M
Netgem SA Business Overview & Revenue Model
Company Description
Netgem SA develops, operates, and distributes the NetgemTV digital video entertainment platform in France and Europe. It offers Netgem TV, which delivers content in various forms comprising live TV, VOD, SVOD, AVOD, FAST channels, and cloud gaming...
How the Company Makes Money
Netgem makes money primarily by selling and operating TV/streaming solutions for business customers (typically telecom operators and service providers). Key revenue streams generally include: (1) Platform and software revenues: fees associated wit...
Netgem SA Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.02M | 31.70M | 33.80M | 35.58M | 36.29M | 28.32M |
| Gross Profit | 24.43M | 22.83M | 23.60M | 21.99M | 20.07M | 17.58M |
| EBITDA | 6.51M | 6.06M | 1.80M | 8.29M | 6.53M | 5.18M |
| Net Income | 2.12M | 1.53M | 2.00M | 541.00K | 108.00K | -1.31M |
Balance Sheet | ||||||
| Total Assets | 37.54M | 35.87M | 38.21M | 43.20M | 47.10M | 43.84M |
| Cash, Cash Equivalents and Short-Term Investments | 5.99M | 5.85M | 7.01M | 6.60M | 6.16M | 6.45M |
| Total Debt | 1.36M | 1.80M | 994.00K | 1.98M | 2.86M | 2.43M |
| Total Liabilities | 13.36M | 11.15M | 13.25M | 18.15M | 23.30M | 17.96M |
| Stockholders Equity | 24.18M | 24.71M | 24.96M | 25.05M | 23.46M | 24.04M |
Cash Flow | ||||||
| Free Cash Flow | 1.28M | 1.63M | 2.90M | 1.17M | 573.00K | -147.00K |
| Operating Cash Flow | 3.70M | 3.27M | 7.00M | 5.80M | 7.06M | 6.44M |
| Investing Cash Flow | -2.17M | -1.74M | -4.67M | -7.90M | -6.03M | -6.83M |
| Financing Cash Flow | -99.00K | -2.61M | -2.66M | 2.53M | -1.30M | -3.40M |
Netgem SA Technical Analysis
Positive
0.80
Price Trends
0.85
Positive
0.81
Positive
0.76
Positive
Market Momentum
0.05
Negative
82.16
Negative
89.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALNTG, the sentiment is Positive. The current price of 0.8 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.85, and above the 200-day MA of 0.76, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 82.16 is Negative, neither overbought nor oversold. The STOCH value of 89.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALNTG.
Netgem SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €34.91M | 17.64 | 8.67% | 4.74% | 1.84% | 36.95% | |
61 Neutral | €28.85M | -107.08 | ― | ― | 12.69% | 94.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €11.57M | 14.49 | 5.31% | 13.19% | -88.42% | ― | |
51 Neutral | €141.91M | 150.00 | 21.61% | ― | 9.87% | ― | |
47 Neutral | €2.19B | -3.07 | -12.30% | 11.56% | -0.63% | 65.99% |
* General Sector Average
FR:ALNTG
Netgem SA
1.06
0.19
21.68%
FR:ETL
Eutelsat Communications
1.87
-0.43
-18.82%
FR:ATEME
Ateme SA
12.00
6.34
112.01%
FR:ALHF
HF Company
4.17
0.39
10.41%
FR:ALNN6
ENENSYS Technologies SA
1.28
0.20
18.52%
FR:ALBPK
Broadpeak SA
2.27
0.39
20.74%
Netgem SA Corporate Events
Netgem to Brief Shareholders After Securing Vodafone TV Deal in UK
Sep 8, 2026
Netgem SA will host a videoconference for individual shareholders on 15 September 2026 to discuss its improved half‑year profitability and recent strategic developments. The session will feature Chief Executive Officer Mathias Hautefort, Chi...
Netgem’s PLEIO Platform Chosen to Power VodafoneThree’s New UK TV Service
Sep 3, 2026
Netgem’s PLEIO platform has been selected by VodafoneThree to power the new Vodafone TV and entertainment service in the U.K., under a multi‑year agreement covering technology, content supply and service operations. The unified offer c...
Netgem publishes half-year 2026 financial report and sets Q3 update date
Aug 7, 2026
Netgem, a European specialist in digital content distribution platforms and streaming solutions for telecom operators and media rights holders, operates the PLEIO streaming platform and the ECLAIR services suite, serving a broad base of operators,...
Netgem boosts H1 2026 profits on PLEIO and ECLAIR growth
Jul 30, 2026
Netgem reported first-half 2026 revenue of €16.7 million, up 8% year on year, driven by new products in its PLEIO streaming platform and ECLAIR services for content owners. Recurring revenue grew 4% to €12.6 million, while non-recurrin...
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.