N.V. Koninklijke Porceleyne Fles (PORF) AI Stock Analysis

N.V. Koninklijke Porceleyne Fles

(Amsterdam:PORF)

Select Model

Rating:57Neutral

Price Target:EUR 14.00▼(-2.78% Downside)

Action:reiterated

Date:08/21/26

The score is held back primarily by weak and volatile cash flow (including negative operating/free cash flow in 2025) alongside a sharp 2025 revenue decline and a leveraged balance sheet. Offsetting these risks are strong recent technical momentum (price above major moving averages, positive MACD) and an attractive dividend yield, though the P/E remains relatively high.

Positive Factors

Heritage Brand PositioningRoyal Delft’s Delft Blue heritage and artisanal positioning differentiate it from mass-market ceramics, supporting brand recognition, premium appeal and an enduring niche across owned and third-party sales channels.

Negative Factors

Weak Cash GenerationNegative operating and free cash flow reduces internally generated funding for investment, debt service and working capital, leaving the company more dependent on its balance sheet when cash needs rise.

N.V. Koninklijke Porceleyne Fles (PORF) vs. iShares MSCI Netherlands ETF (EWN)

Market Cap: EUR 14.93M
Dividend Yield: 4.17%
Average Volume (3M): 251
Price to Earnings (P/E): 22.5
Beta (1Y): 0.17
Revenue Growth: 97.27%
EPS Growth: 88.34%
Country: Netherlands
Employees: 59
Sector: General
Sector Strength: 55
Industry: Household & Personal Products

N.V. Koninklijke Porceleyne Fles Business Overview & Revenue Model

Company Description

B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653" designs, produces and sells Delft Blue decorative pottery and modern pottery products in the Netherlands. It also operates a real estate portfolio business. B.V. Delftsch Aardewerkfabriek...

How the Company Makes Money

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N.V. Koninklijke Porceleyne Fles Financial Statement Overview

Summary

Mid-quality fundamentals: profitability improved with net income turning positive in 2025 after a 2024 loss, and historical margins were strong. However, 2025 revenue fell sharply and cash generation is a major weakness (materially negative operating cash flow and negative free cash flow in 2025), which reduces flexibility given leverage.

Income Statement

54Neutral

Balance Sheet

57Neutral

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.92M	9.54M	8.72M	8.40M	7.10M	4.94M
Gross Profit	5.46M	2.60M	7.54M	7.22M	6.18M	4.18M
EBITDA	2.22M	1.28M	1.42M	1.45M	1.79M	1.48M
Net Income	668.00K	626.00K	-57.00K	147.00K	508.00K	535.00K
Balance Sheet
Total Assets	52.72M	37.63M	37.23M	37.31M	37.40M	35.07M
Cash, Cash Equivalents and Short-Term Investments	839.00K	895.00K	1.49M	103.00K	1.26M	4.03M
Total Debt	17.58M	16.11M	16.78M	16.20M	17.30M	15.88M
Total Liabilities	28.16M	19.36M	19.60M	19.62M	19.88M	18.11M
Stockholders Equity	17.91M	17.45M	16.86M	16.96M	16.82M	16.31M
Cash Flow
Free Cash Flow	-995.00K	-2.75M	745.00K	2.17M	-898.00K	694.00K
Operating Cash Flow	-663.00K	-2.10M	1.63M	2.58M	1.78M	1.50M
Investing Cash Flow	-2.05M	2.38M	-685.00K	-2.44M	-5.88M	-2.70M
Financing Cash Flow	3.09M	-871.00K	435.00K	-1.30M	1.34M	1.44M

N.V. Koninklijke Porceleyne Fles Technical Analysis

Technical Analysis SentimentPositive

Last Price14.40

Price Trends

50DMA14.11Positive

100DMA13.31Positive

200DMA13.22Positive

Market Momentum

MACD0.08Positive

RSI57.14Neutral

STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:PORF, the sentiment is Positive. The current price of 14.40 is above the 20-day moving average (MA) of 14.33, above the 50-day MA of 14.11, and above the 200-day MA of 13.22, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 57.14 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:PORF.

N.V. Koninklijke Porceleyne Fles Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NL:PORF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NL:HOLCO	59Neutral	EUR 61.95M	18.02	5.86%	2.77%	-4.36%	-25.90%
NL:PORF	57Neutral	EUR 15.59M	22.50	―	4.17%	97.27%	88.34%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

NL:PORF and its peers over the selected period
Show on chart	Ticker	Company Name	Price	Change	% Change
	NL:PORF	N.V. Koninklijke Porceleyne Fles	14.40	3.08	27.20%
	NL:HOLCO	Holland Colours N.V.	73.00	-17.68	-19.50%

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: Aug 21, 2026

N.V. Koninklijke Porceleyne Fles AI Stock Analysis