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Envipco Holding NV Class B (NL:ENVI)
:ENVI
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Envipco Holding (ENVI) AI Stock Analysis

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NL:ENVI

Envipco Holding

(ENVI)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
€3.50
▼(-5.41% Downside)
Action:Reiterated
Date:05/21/26
The score is primarily weighed down by weak financial performance, driven by steep TTM revenue decline, widening losses, and significant cash burn. Technicals add downside pressure as the stock trades below major moving averages with negative MACD. Valuation offers limited support due to negative earnings and no stated dividend yield.
Positive Factors
DRS-aligned business model
Envipco's core offering—RVM hardware, software and services tied to deposit return schemes—matches a structural regulatory trend. This creates durable demand opportunities, recurring service lifecycles and customer stickiness with retailers and network operators over a multi-month horizon.
Negative Factors
Sharp revenue decline
A steep TTM revenue collapse reverses prior growth and reduces scale benefits. Lower installations and reduced service volumes weaken fixed-cost absorption, hinder margin recovery, and raise execution risk. Sustained revenue weakness threatens the company's path back to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
DRS-aligned business model
Envipco's core offering—RVM hardware, software and services tied to deposit return schemes—matches a structural regulatory trend. This creates durable demand opportunities, recurring service lifecycles and customer stickiness with retailers and network operators over a multi-month horizon.
Read all positive factors

Envipco Holding (ENVI) vs. iShares MSCI Netherlands ETF (EWN)

Envipco Holding Business Overview & Revenue Model

Company Description
Envipco Holding N.V., along with its subsidiaries, is engaged in designing, developing, manufacturing, and either selling or leasing automated reverse vending machines (RVMs). These machines are primarily used for collecting and processing used be...
How the Company Makes Money
Envipco makes money primarily by supplying reverse vending machines and related DRS-enabled systems to customers such as retailers, beverage-container return network operators, and other organizations that operate collection points. A core revenue...

Envipco Holding Financial Statement Overview

Summary
Overall financials are pressured: Income Statement (28) reflects a sharp TTM reversal with steep revenue decline and deeply negative operating/net margins, while Cash Flow (22) shows significant negative operating cash flow and free cash flow. The Balance Sheet (62) is comparatively stable with moderate leverage, but negative ROE indicates losses are eroding shareholder value.
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue89.08M90.35M117.85M87.61M56.37M38.44M
Gross Profit29.02M29.80M43.10M30.27M18.46M13.41M
EBITDA-5.44M1.45M12.84M6.94M1.62M5.48M
Net Income-12.87M-10.76M-643.00K603.00K-4.18M586.00K
Balance Sheet
Total Assets151.12M158.47M129.40M98.40M78.89M51.70M
Cash, Cash Equivalents and Short-Term Investments41.61M59.86M30.75M12.46M16.12M3.06M
Total Debt25.08M25.47M31.05M20.10M16.52M8.02M
Total Liabilities52.55M55.32M61.84M56.42M50.95M21.21M
Stockholders Equity98.53M103.12M67.53M41.93M27.90M30.45M
Cash Flow
Free Cash Flow-26.94M-15.93M-5.31M-2.93M-10.17M-3.77M
Operating Cash Flow-20.54M-9.70M1.22M2.78M-1.76M497.00K
Investing Cash Flow-9.12M-8.95M-8.00M-7.41M-8.41M-4.61M
Financing Cash Flow51.13M48.28M25.03M986.00K23.27M6.13M

Envipco Holding Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$16.46B438.194.93%33.25%15.45%
56
Neutral
$1.60B184.071.37%5.18%6.45%108.40%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
44
Neutral
€247.02M-17.18-14.60%-155.38%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NL:ENVI
Envipco Holding
LSCC
Lattice Semiconductor
115.90
49.23
73.84%
DSGR
Distribution Solutions Group
34.66
2.66
8.31%
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: May 21, 2026