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Witbe SA (ALWIT) AI Stock Analysis

FR:ALWIT

Witbe SA

(Paris:ALWIT)

Select Model
Rating:60Neutral
Price Target:EUR 4.00â–¼(-4.31% Downside)
Action:reiterated
Date:10/23/26

The score is driven primarily by mixed financial performance—strong revenue rebound and improving leverage with solid operating cash flow, but still persistent losses, negative ROE, and uneven free-cash-flow conversion. Technical indicators are currently bearish/oversold with negative MACD and price below the 20-day average, which weighs on the rating. Valuation provides support via a low P/E.

Positive Factors
Strong 2025 Revenue ReboundThe sharp 2025 revenue rebound indicates renewed demand for Witbe’s monitoring and testing solutions after a weaker period. If supported across customer deployments and recurring software usage, this growth can improve operating leverage and strengthen the company’s position in digital service quality management.
Negative Factors
Persistent Net LossesSustained net losses show that the recent revenue recovery has not yet translated into dependable profitability. Continued losses can restrict internally funded growth, weaken financial flexibility, and make the long-term earnings contribution of Witbe’s products and recurring services less certain.

Witbe SA (ALWIT) vs. iShares MSCI France ETF (EWQ)

-50%0%50%100%150%200%FR:ALWIT+162.54%EWQ-1.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 17.45M
Dividend Yield
―
Average Volume (3M)
6,975
Price to Earnings (P/E)
6.0
Beta (1Y)
0.14
Revenue Growth
4.38%
EPS Growth
―
Country
France
Employees
100
Sector
Communication Services
Sector Strength
60
Industry
Software - Application

Witbe SA Business Overview & Revenue Model

Company Description

Witbe S.A. provides digital services in France, Europe, the Middle East, Africa, Asia, the United States, and internationally. The company offers Witbe Suite software, including Remote Eye Controller for testing devices that is a lot less landlocked;...

How the Company Makes Money

Witbe makes money primarily by selling its video and application monitoring/testing solutions to customers (typically telecom operators, pay-TV/OTT video providers, broadcasters, and enterprises). Its revenue model is centered on (1) product revenues...

Witbe SA Financial Statement Overview

Summary

Fundamentals reflect a mixed recovery: strong 2025 revenue growth (~45%), improving leverage (debt-to-equity ~0.51), and positive/improving operating cash flow (~€4.3m to ~€4.9m). Offsetting these strengths are continued net losses in 2023–2025, negative 2025 net margin (~-3.5%), negative ROE (~-12.6%), and a sharp 2025 free-cash-flow decline (~-42%), which keeps overall quality moderate.

Income Statement

54Neutral

Balance Sheet

63Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue22.13M19.56M22.24M23.20M26.08M19.13M
Gross Profit7.78M5.07M19.73M3.96M19.35M19.70M
EBITDA3.65M3.79M1.33M2.20M3.89M4.72M
Net Income2.93M-682.00K-1.13M-1.54M753.00K2.11M
Balance Sheet
Total Assets17.49M19.65M20.37M22.03M23.71M26.41M
Cash, Cash Equivalents and Short-Term Investments967.00K892.00K727.00K1.50M2.82M2.67M
Total Debt2.53M2.74M3.71M6.00M3.29M4.30M
Total Liabilities11.20M14.24M15.29M15.42M16.45M20.36M
Stockholders Equity6.28M5.41M5.08M6.61M7.25M6.04M
Cash Flow
Free Cash Flow862.00K862.00K1.48M-4.79M314.00K-892.00K
Operating Cash Flow4.86M4.86M4.26M-732.00K5.31M4.60M
Investing Cash Flow-2.39M-3.72M-2.77M-3.27M-4.06M-3.97M
Financing Cash Flow-405.00K-884.00K-2.41M2.48M-1.14M-651.00K

Witbe SA Technical Analysis

Technical Analysis SentimentPositive
Last Price4.18

Price Trends

50DMA4.05Positive
100DMA3.57Positive
200DMA2.71Positive

Market Momentum

MACD0.05Negative
RSI54.55Neutral
STOCH77.24Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALWIT, the sentiment is Positive. The current price of 4.18 is above the 20-day moving average (MA) of 4.11, above the 50-day MA of 4.05, and above the 200-day MA of 2.71, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 54.55 is Neutral, neither overbought nor oversold. The STOCH value of 77.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALWIT.

Witbe SA Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

FR:ALWIT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
FR:ALWITFR:ALWIT60NeutralEUR 17.45M5.9750.12%―4.38%―
FR:ALNXTFR:ALNXT58NeutralEUR 10.06M10.933.55%―-3.21%-27.73%
FR:ALBLDFR:ALBLD53NeutralEUR 35.98M-388.50――17.93%-101.84%
FR:ALWINFR:ALWIN38UnderperformEUR 5.06M-0.47139.87%―-4.97%25.87%

* Communication Services Sector Average

Performance Comparison

0%100%FR:ALWITFR:ALWINFR:ALNXTFR:ALBLDFR:ALFUMFR:ALQWADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
FR:ALWIT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
FR:ALWITWitbe SA4.242.61159.33%
FR:ALWINAudioValley SA0.21-0.19-47.46%
FR:ALNXTNextedia SA0.26-0.17-40.00%
FR:ALBLDBilendi SA7.77-11.93-60.56%
FR:ALFUMFill Up Media S.A.4.82-1.68-25.85%
FR:ALQWAQwamplify SA1.52-0.13-7.93%

Witbe SA Corporate Events

Witbe Updates Investors on Share Capital and Voting Rights

Oct 7, 2026

Witbe SA, a specialist in monitoring and automated testing for video services, has disclosed its total number of shares and voting rights as of September 30, 2026, in line with French market regulations. The company reported 4,118,050 shares in issue...

Witbe Delivers Record First-Half Profitability as AI-Led Video Testing Strategy Gains Traction

Sep 23, 2026

Witbe reported first-half 2026 revenue of €8.4 million, up 10% year on year and 15% at constant exchange rates, driven by strong growth in software, SaaS, and services and reduced reliance on lower-margin hardware. The gross margin rose to 93.6...

Witbe to unveil AI-native video testing platform at IBC 2026

Sep 7, 2026

Witbe will use the IBC 2026 audiovisual trade show in Amsterdam to showcase its AI-native Agentic AI platform for automated testing and monitoring of video streams and streaming services on real devices, including new features such as AI-driven test...

TP ICAP initiates Witbe coverage with Buy rating on AI-driven growth prospects

Jul 28, 2026

Witbe SA, a specialist in video stream monitoring and post-device automated testing, has had its stock initiated with coverage by TP ICAP’s financial analysis office under a sponsored research arrangement. The firm’s technology, including...

Witbe lifts H1 2026 revenue on Agentic AI rollout and reaffirms €22m target

Jul 23, 2026

Witbe SA reported a solid first half of 2026, with revenue rising 10% to €8.4m, or 15% at constant exchange rates, and particularly strong 25% growth in higher-margin Software and Services as hardware sales declined. The Americas and EMEA both...

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 22, 2026