ICAPE HOLDING SA (ALICA.PA) Fundamental Analysis & Valuation

EPA:ALICA • FR001400A3Q3

4.35 EUR
-0.11 (-2.47%)
Last: Mar 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ALICA.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, ALICA scores 5 out of 10 in our fundamental rating. ALICA was compared to 55 industry peers in the Electronic Equipment, Instruments & Components industry. There are concerns on the financial health of ALICA while its profitability can be described as average. An interesting combination arises when we look at growth and value: ALICA is growing strongly while it also seems undervalued.


Dividend Valuation Growth Profitability Health

6

1. ALICA.PA Profitability Analysis

1.1 Basic Checks

  • ALICA had positive earnings in the past year.
  • ALICA had a positive operating cash flow in the past year.
  • ALICA had positive earnings in each of the past 5 years.
  • ALICA had a positive operating cash flow in each of the past 5 years.
ALICA.PA Yearly Net Income VS EBIT VS OCF VS FCFALICA.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 2M 4M 6M 8M 10M

1.2 Ratios

  • ALICA's Return On Assets of 2.38% is in line compared to the rest of the industry. ALICA outperforms 58.18% of its industry peers.
  • ALICA's Return On Equity of 13.88% is fine compared to the rest of the industry. ALICA outperforms 78.18% of its industry peers.
  • ALICA has a Return On Invested Capital of 5.81%. This is comparable to the rest of the industry: ALICA outperforms 58.18% of its industry peers.
  • ALICA had an Average Return On Invested Capital over the past 3 years of 6.81%. This is in line with the industry average of 7.76%.
Industry RankSector Rank
ROA 2.38%
ROE 13.88%
ROIC 5.81%
ROA(3y)2.8%
ROA(5y)2.57%
ROE(3y)14.44%
ROE(5y)31.56%
ROIC(3y)6.81%
ROIC(5y)7.83%
ALICA.PA Yearly ROA, ROE, ROICALICA.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 20 40 60

1.3 Margins

  • ALICA has a Profit Margin (1.94%) which is comparable to the rest of the industry.
  • ALICA's Profit Margin has improved in the last couple of years.
  • ALICA's Operating Margin of 3.47% is in line compared to the rest of the industry. ALICA outperforms 49.09% of its industry peers.
  • ALICA's Operating Margin has improved in the last couple of years.
  • ALICA has a worse Gross Margin (35.10%) than 63.64% of its industry peers.
  • In the last couple of years the Gross Margin of ALICA has grown nicely.
Industry RankSector Rank
OM 3.47%
PM (TTM) 1.94%
GM 35.1%
OM growth 3Y10.16%
OM growth 5YN/A
PM growth 3Y11.04%
PM growth 5YN/A
GM growth 3Y13.98%
GM growth 5YN/A
ALICA.PA Yearly Profit, Operating, Gross MarginsALICA.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. ALICA.PA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ALICA is still creating some value.
  • The number of shares outstanding for ALICA remains at a similar level compared to 1 year ago.
  • ALICA has a worse debt/assets ratio than last year.
ALICA.PA Yearly Shares OutstandingALICA.PA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2M 4M 6M 8M
ALICA.PA Yearly Total Debt VS Total AssetsALICA.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

  • Based on the Altman-Z score of 1.62, we must say that ALICA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.62, ALICA is doing worse than 70.91% of the companies in the same industry.
  • ALICA has a debt to FCF ratio of 6.52. This is a slightly negative value and a sign of low solvency as ALICA would need 6.52 years to pay back of all of its debts.
  • ALICA has a Debt to FCF ratio of 6.52. This is comparable to the rest of the industry: ALICA outperforms 49.09% of its industry peers.
  • A Debt/Equity ratio of 1.90 is on the high side and indicates that ALICA has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.90, ALICA is not doing good in the industry: 92.73% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 6.52
Altman-Z 1.62
ROIC/WACC1.2
WACC4.85%
ALICA.PA Yearly LT Debt VS Equity VS FCFALICA.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 10M 20M 30M 40M

2.3 Liquidity

  • ALICA has a Current Ratio of 0.97. This is a bad value and indicates that ALICA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.97, ALICA is doing worse than 83.64% of the companies in the same industry.
  • ALICA has a Quick Ratio of 0.97. This is a bad value and indicates that ALICA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ALICA's Quick ratio of 0.86 is on the low side compared to the rest of the industry. ALICA is outperformed by 63.64% of its industry peers.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.86
ALICA.PA Yearly Current Assets VS Current LiabilitesALICA.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 20M 40M 60M 80M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ALICA.PA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.25% over the past year.
  • Measured over the past years, ALICA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.32% on average per year.
  • Looking at the last year, ALICA shows a quite strong growth in Revenue. The Revenue has grown by 12.50% in the last year.
  • The Revenue has been growing slightly by 3.50% on average over the past years.
EPS 1Y (TTM)13.25%
EPS 3Y15.32%
EPS 5YN/A
EPS Q2Q%-3.7%
Revenue 1Y (TTM)12.5%
Revenue growth 3Y3.5%
Revenue growth 5YN/A
Sales Q2Q%13.14%

3.2 Future

  • Based on estimates for the next years, ALICA will show a very strong growth in Earnings Per Share. The EPS will grow by 29.97% on average per year.
  • The Revenue is expected to grow by 13.10% on average over the next years. This is quite good.
EPS Next Y-70.11%
EPS Next 2Y21.3%
EPS Next 3Y29.97%
EPS Next 5YN/A
Revenue Next Year12.56%
Revenue Next 2Y12.08%
Revenue Next 3Y13.1%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ALICA.PA Yearly Revenue VS EstimatesALICA.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
ALICA.PA Yearly EPS VS EstimatesALICA.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8

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8

4. ALICA.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.26, which indicates a very decent valuation of ALICA.
  • Based on the Price/Earnings ratio, ALICA is valued cheaper than 94.55% of the companies in the same industry.
  • ALICA is valuated cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 6.60, the valuation of ALICA can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ALICA indicates a rather cheap valuation: ALICA is cheaper than 94.55% of the companies listed in the same industry.
  • ALICA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.27.
Industry RankSector Rank
PE 9.26
Fwd PE 6.6
ALICA.PA Price Earnings VS Forward Price EarningsALICA.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 85.45% of the companies in the same industry are more expensive than ALICA, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ALICA is valued cheaply inside the industry as 92.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.63
EV/EBITDA 4.59
ALICA.PA Per share dataALICA.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • ALICA has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as ALICA's earnings are expected to grow with 29.97% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y21.3%
EPS Next 3Y29.97%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. ALICA.PA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.60%, ALICA has a reasonable but not impressive dividend return.
  • The stock price of ALICA dropped by -27.01% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • ALICA's Dividend Yield is a higher than the industry average which is at 1.50.
  • ALICA's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.6%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years2
ALICA.PA Yearly Dividends per shareALICA.PA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

DP0%
EPS Next 2Y21.3%
EPS Next 3Y29.97%
ALICA.PA Yearly Income VS Free CF VS DividendALICA.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 2M 4M 6M

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ALICA.PA Fundamentals: All Metrics, Ratios and Statistics

ICAPE HOLDING SA

EPA:ALICA (3/11/2026, 7:00:00 PM)

4.35

-0.11 (-2.47%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)N/A
Earnings (Next)03-26
Inst Owners3.31%
Inst Owner ChangeN/A
Ins Owners8.46%
Ins Owner ChangeN/A
Market Cap35.19M
Revenue(TTM)197.10M
Net Income(TTM)3.82M
Analysts37.5
Price Target6.02 (38.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.6%
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP0%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-32.57%
PT rev (3m)-32.57%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-82.43%
EPS NY rev (3m)-82.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-1.07%
Valuation
Industry RankSector Rank
PE 9.26
Fwd PE 6.6
P/S 0.18
P/FCF 3.63
P/OCF 2.97
P/B 1.28
P/tB N/A
EV/EBITDA 4.59
EPS(TTM)0.47
EY10.8%
EPS(NY)0.66
Fwd EY15.15%
FCF(TTM)1.2
FCFY27.52%
OCF(TTM)1.47
OCFY33.68%
SpS24.36
BVpS3.4
TBVpS-3.92
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6
Profitability
Industry RankSector Rank
ROA 2.38%
ROE 13.88%
ROCE 9.57%
ROIC 5.81%
ROICexc 8.05%
ROICexgc 201.5%
OM 3.47%
PM (TTM) 1.94%
GM 35.1%
FCFM 4.91%
ROA(3y)2.8%
ROA(5y)2.57%
ROE(3y)14.44%
ROE(5y)31.56%
ROIC(3y)6.81%
ROIC(5y)7.83%
ROICexc(3y)8.86%
ROICexc(5y)N/A
ROICexgc(3y)39.07%
ROICexgc(5y)N/A
ROCE(3y)11.74%
ROCE(5y)17.09%
ROICexgc growth 3Y-40.03%
ROICexgc growth 5YN/A
ROICexc growth 3Y-40.31%
ROICexc growth 5YN/A
OM growth 3Y10.16%
OM growth 5YN/A
PM growth 3Y11.04%
PM growth 5YN/A
GM growth 3Y13.98%
GM growth 5YN/A
F-Score7
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 6.52
Debt/EBITDA 3.98
Cap/Depr 34.38%
Cap/Sales 1.1%
Interest Coverage 136.86
Cash Conversion 90.12%
Profit Quality 253.57%
Current Ratio 0.97
Quick Ratio 0.86
Altman-Z 1.62
F-Score7
WACC4.85%
ROIC/WACC1.2
Cap/Depr(3y)66.66%
Cap/Depr(5y)77.43%
Cap/Sales(3y)1.34%
Cap/Sales(5y)1.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.25%
EPS 3Y15.32%
EPS 5YN/A
EPS Q2Q%-3.7%
EPS Next Y-70.11%
EPS Next 2Y21.3%
EPS Next 3Y29.97%
EPS Next 5YN/A
Revenue 1Y (TTM)12.5%
Revenue growth 3Y3.5%
Revenue growth 5YN/A
Sales Q2Q%13.14%
Revenue Next Year12.56%
Revenue Next 2Y12.08%
Revenue Next 3Y13.1%
Revenue Next 5YN/A
EBIT growth 1Y-6.64%
EBIT growth 3Y14.01%
EBIT growth 5YN/A
EBIT Next Year119.86%
EBIT Next 3Y54.24%
EBIT Next 5YN/A
FCF growth 1Y438%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y152.14%
OCF growth 3Y166.02%
OCF growth 5YN/A

ICAPE HOLDING SA / ALICA.PA FAQ

What is the ChartMill fundamental rating of ICAPE HOLDING SA (ALICA.PA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ALICA.PA.


Can you provide the valuation status for ICAPE HOLDING SA?

ChartMill assigns a valuation rating of 8 / 10 to ICAPE HOLDING SA (ALICA.PA). This can be considered as Undervalued.


How profitable is ICAPE HOLDING SA (ALICA.PA) stock?

ICAPE HOLDING SA (ALICA.PA) has a profitability rating of 6 / 10.


How financially healthy is ICAPE HOLDING SA?

The financial health rating of ICAPE HOLDING SA (ALICA.PA) is 1 / 10.


Is the dividend of ICAPE HOLDING SA sustainable?

The dividend rating of ICAPE HOLDING SA (ALICA.PA) is 3 / 10 and the dividend payout ratio is 0%.