Ekinops (EKI) AI Stock Analysis

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Ekinops

(Paris:EKI)

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Rating:45Neutral

Price Target:EUR 2.00▼(-18.53% Downside)

Action:reiterated

Date:10/13/26

The score is held down primarily by deteriorating fundamentals—contracting revenue, a sharp swing to significant operating losses, and a major 2025 cash-flow step-down to near-zero free cash flow. Technicals provide only partial support with short-term price strength but incomplete longer-term trend recovery. Valuation is difficult to assess due to negative earnings and no dividend yield data.

Positive Factors

Manageable leverageModerate leverage and a sizable equity base provide Ekinops with a comparatively stable financial foundation. This should preserve borrowing capacity and give management more flexibility to fund network-product development or absorb operating volatility over the next several quarters.

Negative Factors

Three-year revenue declineRevenue contraction across three consecutive years points to a sustained weakening in the company’s commercial trajectory rather than a single-period fluctuation. Continued top-line pressure can reduce scale benefits, limit investment capacity, and make a return to durable profitability more difficult.

Ekinops (EKI) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 50.17M
Dividend Yield: ―
Average Volume (3M): 74.31K
Price to Earnings (P/E): -7.0
Beta (1Y): 0.85
Revenue Growth: -9.62%
EPS Growth: -6.43%
Country: France
Employees: 600
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Ekinops Business Overview & Revenue Model

Company Description

Ekinops S.A. specializes in delivering advanced telecommunications technology to both telecom operators and corporate clients, with operations spanning France and the international market. Its diverse product lineup includes Ekinops360, a sophisticat...

How the Company Makes Money

Ekinops generates revenue primarily by selling telecommunications networking equipment and associated software to network operators and enterprise/network service customers. Its core revenue streams are (1) optical transport products (hardware platfo...

Ekinops Financial Statement Overview

Summary

Financial performance is weak: revenue has declined for three consecutive years (129.1M in 2023 to 105.0M in 2025) and profitability deteriorated sharply with a large 2025 EBIT loss (-24.95M) and negative net margin (-6.9%). While leverage is moderate and equity remains sizable, near-zero 2025 free cash flow and the steep drop in operating cash flow materially increase execution and funding-risk if results don’t rebound.

Income Statement

32Negative

Balance Sheet

63Positive

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	106.00M	105.00M	117.67M	129.10M	127.62M	103.57M
Gross Profit	46.58M	50.40M	64.51M	67.31M	56.54M	44.07M
EBITDA	-19.29M	-14.53M	10.85M	16.57M	17.01M	12.47M
Net Income	-9.51M	-7.20M	-6.95M	3.63M	12.02M	5.17M
Balance Sheet
Total Assets	190.60M	194.30M	185.38M	192.61M	182.71M	170.89M
Cash, Cash Equivalents and Short-Term Investments	23.00M	32.10M	46.37M	47.18M	39.35M	45.39M
Total Debt	33.20M	36.80M	31.40M	33.52M	28.37M	33.35M
Total Liabilities	87.40M	88.40M	73.28M	73.23M	69.13M	71.74M
Stockholders Equity	103.20M	105.90M	112.10M	119.39M	113.58M	99.14M
Cash Flow
Free Cash Flow	-87.00K	4,000	10.86M	5.50M	2.00M	7.17M
Operating Cash Flow	2.50M	2.41M	20.78M	13.53M	9.17M	12.22M
Investing Cash Flow	-9.04M	-20.35M	-9.98M	-8.19M	-7.41M	-6.10M
Financing Cash Flow	-7.34M	3.91M	-11.62M	2.51M	-7.96M	-10.49M

Ekinops Technical Analysis

Technical Analysis SentimentPositive

Last Price2.46

Price Trends

50DMA2.30Positive

100DMA2.42Positive

200DMA2.43Positive

Market Momentum

MACD0.01Negative

RSI58.62Neutral

STOCH89.20Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EKI, the sentiment is Positive. The current price of 2.46 is above the 20-day moving average (MA) of 2.28, above the 50-day MA of 2.30, and above the 200-day MA of 2.43, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.62 is Neutral, neither overbought nor oversold. The STOCH value of 89.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:EKI.

Ekinops Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:EKI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:ALBPK	57Neutral	EUR 20.69M	-6.84	―	―	-9.14%	-190.06%
FR:ALNTG	56Neutral	EUR 30.77M	15.75	8.54%	5.31%	1.84%	36.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:ATEME	54Neutral	EUR 154.81M	21.37	19.18%	―	9.84%	―
FR:EKI	45Neutral	EUR 62.85M	-7.01	-9.09%	―	-9.62%	-6.43%
FR:ETL	42Neutral	EUR 2.16B	-3.01	-12.30%	―	-0.63%	65.99%

* General Sector Average

Performance Comparison

FR:EKI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:EKI	Ekinops SA	2.46	0.82	50.06%
FR:ETL	Eutelsat Communications	1.83	-0.72	-28.22%
FR:ATEME	Ateme SA	13.25	6.39	93.15%
FR:ALNTG	Netgem SA	0.94	0.10	11.35%
FR:ALNN6	ENENSYS Technologies SA	1.11	0.14	13.78%
FR:ALBPK	Broadpeak SA	1.65	-0.50	-23.26%

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 13, 2026

Ekinops AI Stock Analysis