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COGELEC (ALLEC.PA) Stock Fundamental Analysis

EPA:ALLEC - Euronext Paris - Matif - FR0013335742 - Common Stock - Currency: EUR

21  0 (0%)

Fundamental Rating

6

Taking everything into account, ALLEC scores 6 out of 10 in our fundamental rating. ALLEC was compared to 26 industry peers in the Communications Equipment industry. ALLEC scores excellent on profitability, but there are some minor concerns on its financial health. ALLEC has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

ALLEC had positive earnings in the past year.
In the past year ALLEC had a positive cash flow from operations.
In the past 5 years ALLEC reported 4 times negative net income.
ALLEC had a positive operating cash flow in 4 of the past 5 years.
ALLEC.PA Yearly Net Income VS EBIT VS OCF VS FCFALLEC.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M 10M

1.2 Ratios

ALLEC has a Return On Assets of 4.77%. This is amongst the best in the industry. ALLEC outperforms 84.62% of its industry peers.
ALLEC has a Return On Equity of 49.12%. This is amongst the best in the industry. ALLEC outperforms 96.15% of its industry peers.
ALLEC's Return On Invested Capital of 6.02% is fine compared to the rest of the industry. ALLEC outperforms 76.92% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALLEC is below the industry average of 7.54%.
The last Return On Invested Capital (6.02%) for ALLEC is above the 3 year average (3.09%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.77%
ROE 49.12%
ROIC 6.02%
ROA(3y)0.1%
ROA(5y)-2.18%
ROE(3y)-2.42%
ROE(5y)-12.77%
ROIC(3y)3.09%
ROIC(5y)N/A
ALLEC.PA Yearly ROA, ROE, ROICALLEC.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60 80

1.3 Margins

Looking at the Profit Margin, with a value of 6.83%, ALLEC belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
ALLEC has a better Operating Margin (7.69%) than 65.38% of its industry peers.
In the last couple of years the Operating Margin of ALLEC has grown nicely.
The Gross Margin of ALLEC (68.03%) is better than 84.62% of its industry peers.
In the last couple of years the Gross Margin of ALLEC has grown nicely.
Industry RankSector Rank
OM 7.69%
PM (TTM) 6.83%
GM 68.03%
OM growth 3YN/A
OM growth 5Y53.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y2%
ALLEC.PA Yearly Profit, Operating, Gross MarginsALLEC.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALLEC is destroying value.
The number of shares outstanding for ALLEC has been reduced compared to 1 year ago.
The number of shares outstanding for ALLEC has been reduced compared to 5 years ago.
The debt/assets ratio for ALLEC has been reduced compared to a year ago.
ALLEC.PA Yearly Shares OutstandingALLEC.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M
ALLEC.PA Yearly Total Debt VS Total AssetsALLEC.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

2.2 Solvency

An Altman-Z score of 2.60 indicates that ALLEC is not a great score, but indicates only limited risk for bankruptcy at the moment.
ALLEC has a better Altman-Z score (2.60) than 73.08% of its industry peers.
ALLEC has a debt to FCF ratio of 2.09. This is a good value and a sign of high solvency as ALLEC would need 2.09 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.09, ALLEC belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
ALLEC has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
ALLEC has a worse Debt to Equity ratio (1.60) than 73.08% of its industry peers.
Although ALLEC does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF 2.09
Altman-Z 2.6
ROIC/WACC0.81
WACC7.44%
ALLEC.PA Yearly LT Debt VS Equity VS FCFALLEC.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M 10M 15M 20M

2.3 Liquidity

ALLEC has a Current Ratio of 1.97. This is a normal value and indicates that ALLEC is financially healthy and should not expect problems in meeting its short term obligations.
ALLEC has a better Current ratio (1.97) than 61.54% of its industry peers.
ALLEC has a Quick Ratio of 1.45. This is a normal value and indicates that ALLEC is financially healthy and should not expect problems in meeting its short term obligations.
ALLEC has a better Quick ratio (1.45) than 69.23% of its industry peers.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.45
ALLEC.PA Yearly Current Assets VS Current LiabilitesALLEC.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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6

3. Growth

3.1 Past

ALLEC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1668.31%, which is quite impressive.
Looking at the last year, ALLEC shows a quite strong growth in Revenue. The Revenue has grown by 10.50% in the last year.
Measured over the past years, ALLEC shows a quite strong growth in Revenue. The Revenue has been growing by 14.48% on average per year.
EPS 1Y (TTM)1668.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%361.01%
Revenue 1Y (TTM)10.5%
Revenue growth 3Y17.75%
Revenue growth 5Y14.48%
Sales Q2Q%12.42%

3.2 Future

Based on estimates for the next years, ALLEC will show a very strong growth in Earnings Per Share. The EPS will grow by 105.78% on average per year.
Based on estimates for the next years, ALLEC will show a quite strong growth in Revenue. The Revenue will grow by 12.90% on average per year.
EPS Next Y392.86%
EPS Next 2Y161.86%
EPS Next 3Y105.78%
EPS Next 5YN/A
Revenue Next Year13.22%
Revenue Next 2Y13.66%
Revenue Next 3Y12.9%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ALLEC.PA Yearly Revenue VS EstimatesALLEC.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M
ALLEC.PA Yearly EPS VS EstimatesALLEC.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 1

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4

4. Valuation

4.1 Price/Earnings Ratio

ALLEC is valuated quite expensively with a Price/Earnings ratio of 38.89.
Compared to the rest of the industry, the Price/Earnings ratio of ALLEC indicates a somewhat cheap valuation: ALLEC is cheaper than 69.23% of the companies listed in the same industry.
ALLEC is valuated rather expensively when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 21.24 indicates a rather expensive valuation of ALLEC.
ALLEC's Price/Forward Earnings is on the same level as the industry average.
ALLEC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 38.89
Fwd PE 21.24
ALLEC.PA Price Earnings VS Forward Price EarningsALLEC.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as ALLEC.
ALLEC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 18.01
EV/EBITDA 18.78
ALLEC.PA Per share dataALLEC.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

ALLEC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ALLEC may justify a higher PE ratio.
A more expensive valuation may be justified as ALLEC's earnings are expected to grow with 105.78% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y161.86%
EPS Next 3Y105.78%

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2

5. Dividend

5.1 Amount

ALLEC has a Yearly Dividend Yield of 1.24%. Purely for dividend investing, there may be better candidates out there.
ALLEC's Dividend Yield is comparable with the industry average which is at 3.57.
Compared to an average S&P500 Dividend Yield of 2.33, ALLEC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.24%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
ALLEC.PA Yearly Dividends per shareALLEC.PA Yearly Dividends per shareYearly Dividends per share 2024 0.1 0.2 0.3

5.3 Sustainability

54.10% of the earnings are spent on dividend by ALLEC. This is a bit on the high side, but may be sustainable.
DP54.1%
EPS Next 2Y161.86%
EPS Next 3Y105.78%
ALLEC.PA Yearly Income VS Free CF VS DividendALLEC.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2M -2M 4M -4M 6M
ALLEC.PA Dividend Payout.ALLEC.PA Dividend Payout, showing the Payout Ratio.ALLEC.PA Dividend Payout.PayoutRetained Earnings

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COGELEC

EPA:ALLEC (3/7/2025, 7:00:00 PM)

21

0 (0%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)04-24 2024-04-24
Earnings (Next)N/A N/A
Inst Owners17.61%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap186.90M
Analysts40
Price Target15.81 (-24.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.24%
Yearly Dividend0.29
Dividend Growth(5Y)N/A
DP54.1%
Div Incr Years0
Div Non Decr Years0
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)16.54%
PT rev (3m)16.54%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.82%
EPS NY rev (3m)-2.82%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 38.89
Fwd PE 21.24
P/S 2.83
P/FCF 18.01
P/OCF 12.42
P/B 20.38
P/tB 173.86
EV/EBITDA 18.78
EPS(TTM)0.54
EY2.57%
EPS(NY)0.99
Fwd EY4.71%
FCF(TTM)1.17
FCFY5.55%
OCF(TTM)1.69
OCFY8.05%
SpS7.42
BVpS1.03
TBVpS0.12
PEG (NY)0.1
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.77%
ROE 49.12%
ROCE 8.2%
ROIC 6.02%
ROICexc 10.55%
ROICexgc 13.69%
OM 7.69%
PM (TTM) 6.83%
GM 68.03%
FCFM 15.72%
ROA(3y)0.1%
ROA(5y)-2.18%
ROE(3y)-2.42%
ROE(5y)-12.77%
ROIC(3y)3.09%
ROIC(5y)N/A
ROICexc(3y)4.91%
ROICexc(5y)N/A
ROICexgc(3y)6.02%
ROICexgc(5y)N/A
ROCE(3y)4.21%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y58.61%
ROICexc growth 3YN/A
ROICexc growth 5Y62.58%
OM growth 3YN/A
OM growth 5Y53.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y2%
F-Score7
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF 2.09
Debt/EBITDA 1.52
Cap/Depr 101.19%
Cap/Sales 7.08%
Interest Coverage 250
Cash Conversion 155.29%
Profit Quality 230.34%
Current Ratio 1.97
Quick Ratio 1.45
Altman-Z 2.6
F-Score7
WACC7.44%
ROIC/WACC0.81
Cap/Depr(3y)92.07%
Cap/Depr(5y)96.82%
Cap/Sales(3y)7.56%
Cap/Sales(5y)8.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1668.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%361.01%
EPS Next Y392.86%
EPS Next 2Y161.86%
EPS Next 3Y105.78%
EPS Next 5YN/A
Revenue 1Y (TTM)10.5%
Revenue growth 3Y17.75%
Revenue growth 5Y14.48%
Sales Q2Q%12.42%
Revenue Next Year13.22%
Revenue Next 2Y13.66%
Revenue Next 3Y12.9%
Revenue Next 5YN/A
EBIT growth 1Y84.98%
EBIT growth 3YN/A
EBIT growth 5Y76.05%
EBIT Next Year329.03%
EBIT Next 3Y77.03%
EBIT Next 5YN/A
FCF growth 1Y4388.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y366.64%
OCF growth 3YN/A
OCF growth 5Y65.72%