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Altheora SA
(ALORA)
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Rating:47Neutral
Price Target:
€0.41
▼(-15.00% Downside)
Action:Reiterated
Date:08/28/26
Overall score reflects below-average fundamentals: despite a strong 2025 revenue rebound and improved/positive free cash flow, the company is still loss-making with a materially weaker gross margin and elevated leverage risk. Technicals are only modestly positive near-term and valuation metrics are limited by negative earnings.
Positive Factors
Strong 2025 Revenue Rebound
The strong top-line recovery suggests renewed demand for Altheora’s composite and polymer products. Sustained order growth could improve operating scale and customer relevance, although future durability depends on stabilizing the historically volatile revenue base.
Negative Factors
Persistent Net Losses
Recurring losses indicate that the business has not yet demonstrated durable earnings power despite the 2025 revenue rebound. Continued negative profitability can restrict reinvestment, weaken equity, and increase dependence on financing or improved operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 Revenue Rebound
The strong top-line recovery suggests renewed demand for Altheora’s composite and polymer products. Sustained order growth could improve operating scale and customer relevance, although future durability depends on stabilizing the historically volatile revenue base.
Read all positive factors
Altheora SA (ALORA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€5.53M
Dividend YieldN/A
Average Volume (3M)8.13K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth-7.39%
EPS Growth-36.71%
CountryFR
Employees248
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.18
Shares Outstanding13,528,334
10 Day Avg. Volume5,400
30 Day Avg. Volume8,127
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.86
Price to Sales (P/S)0.19
P/FCF Ratio6.69
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)-0.1
Revenue Forecast (FY)€37.50M
Altheora SA Business Overview & Revenue Model
Company Description
Altheora SA is a global enterprise dedicated to the creation and supply of sophisticated composite materials. These advanced products are engineered for deployment across a broad spectrum of industries, encompassing aerospace, rail transport, auto...
How the Company Makes Money
Altheora makes money primarily by selling composite and polymer-based materials and manufactured components to business customers. Revenue is generated through (1) the sale of composite products (e.g., panels, profiles, or other composite-based se...
Altheora SA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
41
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.30M | 36.99M | 41.34M | 35.03M | 31.97M |
| Gross Profit | 7.51M | 22.23M | 23.63M | 16.92M | 17.36M |
| EBITDA | 505.00K | 1.42M | 1.57M | 987.00K | 1.68M |
| Net Income | -2.38M | -1.74M | -2.02M | -1.69M | -228.00K |
Balance Sheet | |||||
| Total Assets | 30.23M | 32.97M | 37.84M | 45.18M | 35.11M |
| Cash, Cash Equivalents and Short-Term Investments | 1.00M | 1.73M | 3.76M | 5.80M | 3.72M |
| Total Debt | 11.57M | 13.44M | 15.37M | 18.52M | 9.80M |
| Total Liabilities | 22.45M | 22.72M | 25.66M | 31.09M | 26.25M |
| Stockholders Equity | 7.78M | 10.25M | 12.18M | 14.09M | 8.86M |
Cash Flow | |||||
| Free Cash Flow | 997.00K | -253.00K | 84.00K | -3.54M | -3.77M |
| Operating Cash Flow | 2.09M | 888.00K | 1.26M | -621.00K | 864.00K |
| Investing Cash Flow | -1.09M | -999.00K | -1.18M | -8.81M | -4.15M |
| Financing Cash Flow | -2.13M | -2.92M | -2.13M | 11.52M | -1.60M |
Altheora SA Technical Analysis
Positive
0.48
Price Trends
0.40
Positive
0.42
Negative
0.45
Negative
Market Momentum
<0.01
Positive
52.27
Neutral
56.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALORA, the sentiment is Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.40, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.27 is Neutral, neither overbought nor oversold. The STOCH value of 56.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALORA.
Altheora SA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | €9.78M | -36.21 | ― | 0.96% | ― | ― | |
47 Neutral | €5.53M | -2.28 | ― | ― | -7.39% | -36.71% | |
46 Neutral | €21.10M | -4.00 | ― | ― | -3.47% | 73.36% | |
43 Neutral | €18.48M | 23.01 | ― | 1.96% | -9.27% | 1858.06% | |
42 Neutral | €14.34M | -1.01 | 24.22% | ― | -1.54% | -68.96% |
* Industrials Sector Average
FR:ALORA
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Altheora SA Corporate Events
Altheora stabilizes H1 revenue as mobility-led diversification gains traction
Jul 23, 2026
Altheora reported first-half 2026 revenue of €18.8m, flat year-on-year, marking a stabilization after previous declines as growth in the Mobility segment offsets weakness in construction. Mobility sales rose 9% to €7.6m and now represe...
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.