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WE CONNECT (ALWEC.PA) Stock Fundamental Analysis

Europe - EPA:ALWEC - FR0013079092 - Common Stock

19.7 EUR
+0.7 (+3.68%)
Last: 10/16/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, ALWEC scores 4 out of 10 in our fundamental rating. ALWEC was compared to 55 industry peers in the Electronic Equipment, Instruments & Components industry. While ALWEC is still in line with the averages on profitability rating, there are concerns on its financial health. ALWEC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

ALWEC had positive earnings in the past year.
ALWEC had a positive operating cash flow in the past year.
In the past 5 years ALWEC has always been profitable.
In multiple years ALWEC reported negative operating cash flow during the last 5 years.
ALWEC.PA Yearly Net Income VS EBIT VS OCF VS FCFALWEC.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 10M -10M 20M

1.2 Ratios

The Return On Assets of ALWEC (4.94%) is better than 80.00% of its industry peers.
ALWEC's Return On Equity of 15.81% is amongst the best of the industry. ALWEC outperforms 92.73% of its industry peers.
With an excellent Return On Invested Capital value of 9.03%, ALWEC belongs to the best of the industry, outperforming 83.64% of the companies in the same industry.
ALWEC had an Average Return On Invested Capital over the past 3 years of 12.41%. This is in line with the industry average of 10.49%.
Industry RankSector Rank
ROA 4.94%
ROE 15.81%
ROIC 9.03%
ROA(3y)5.24%
ROA(5y)4.33%
ROE(3y)18.21%
ROE(5y)16.26%
ROIC(3y)12.41%
ROIC(5y)13.09%
ALWEC.PA Yearly ROA, ROE, ROICALWEC.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

ALWEC has a Profit Margin of 3.53%. This is in the better half of the industry: ALWEC outperforms 70.91% of its industry peers.
In the last couple of years the Profit Margin of ALWEC has remained more or less at the same level.
The Operating Margin of ALWEC (4.18%) is better than 61.82% of its industry peers.
ALWEC's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 11.29%, ALWEC is doing worse than 81.82% of the companies in the same industry.
ALWEC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.18%
PM (TTM) 3.53%
GM 11.29%
OM growth 3Y4.25%
OM growth 5Y1.25%
PM growth 3Y14.09%
PM growth 5Y0.32%
GM growth 3Y10.5%
GM growth 5Y2.81%
ALWEC.PA Yearly Profit, Operating, Gross MarginsALWEC.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ALWEC is creating value.
The number of shares outstanding for ALWEC has been increased compared to 1 year ago.
Compared to 5 years ago, ALWEC has more shares outstanding
ALWEC has a better debt/assets ratio than last year.
ALWEC.PA Yearly Shares OutstandingALWEC.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 500K 1M 1.5M 2M 2.5M
ALWEC.PA Yearly Total Debt VS Total AssetsALWEC.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

2.2 Solvency

ALWEC has an Altman-Z score of 2.63. This is not the best score and indicates that ALWEC is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of ALWEC (2.63) is comparable to the rest of the industry.
The Debt to FCF ratio of ALWEC is 77.37, which is on the high side as it means it would take ALWEC, 77.37 years of fcf income to pay off all of its debts.
ALWEC has a Debt to FCF ratio of 77.37. This is in the lower half of the industry: ALWEC underperforms 65.45% of its industry peers.
ALWEC has a Debt/Equity ratio of 0.58. This is a neutral value indicating ALWEC is somewhat dependend on debt financing.
The Debt to Equity ratio of ALWEC (0.58) is worse than 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 77.37
Altman-Z 2.63
ROIC/WACC1.32
WACC6.84%
ALWEC.PA Yearly LT Debt VS Equity VS FCFALWEC.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M

2.3 Liquidity

ALWEC has a Current Ratio of 1.76. This is a normal value and indicates that ALWEC is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of ALWEC (1.76) is better than 63.64% of its industry peers.
ALWEC has a Quick Ratio of 1.76. This is a bad value and indicates that ALWEC is not financially healthy enough and could expect problems in meeting its short term obligations.
ALWEC has a Quick ratio of 0.97. This is comparable to the rest of the industry: ALWEC outperforms 45.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 0.97
ALWEC.PA Yearly Current Assets VS Current LiabilitesALWEC.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

3

3. Growth

3.1 Past

ALWEC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.79%.
ALWEC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.74% yearly.
Looking at the last year, ALWEC shows a small growth in Revenue. The Revenue has grown by 1.20% in the last year.
ALWEC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.70% yearly.
EPS 1Y (TTM)-2.79%
EPS 3Y22.42%
EPS 5Y16.74%
EPS Q2Q%-17.53%
Revenue 1Y (TTM)1.2%
Revenue growth 3Y7.7%
Revenue growth 5Y16.7%
Sales Q2Q%-7.25%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ALWEC.PA Yearly Revenue VS EstimatesALWEC.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 6.21, the valuation of ALWEC can be described as very cheap.
Based on the Price/Earnings ratio, ALWEC is valued cheaply inside the industry as 98.18% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ALWEC to the average of the S&P500 Index (27.31), we can say ALWEC is valued rather cheaply.
Industry RankSector Rank
PE 6.21
Fwd PE N/A
ALWEC.PA Price Earnings VS Forward Price EarningsALWEC.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

ALWEC's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ALWEC is more expensive than 65.45% of the companies in the same industry.
Industry RankSector Rank
P/FCF 137.18
EV/EBITDA N/A
ALWEC.PA Per share dataALWEC.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

The decent profitability rating of ALWEC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.37
EPS Next 2YN/A
EPS Next 3YN/A

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.13%, ALWEC has a reasonable but not impressive dividend return.
ALWEC's Dividend Yield is a higher than the industry average which is at 2.86.
ALWEC's Dividend Yield is comparable with the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 2.13%

5.2 History

The dividend of ALWEC is nicely growing with an annual growth rate of 25.30%!
Dividend Growth(5Y)25.3%
Div Incr Years0
Div Non Decr Years3
ALWEC.PA Yearly Dividends per shareALWEC.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

12.36% of the earnings are spent on dividend by ALWEC. This is a low number and sustainable payout ratio.
The dividend of ALWEC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP12.36%
EPS Next 2YN/A
EPS Next 3YN/A
ALWEC.PA Yearly Income VS Free CF VS DividendALWEC.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M 20M
ALWEC.PA Dividend Payout.ALWEC.PA Dividend Payout, showing the Payout Ratio.ALWEC.PA Dividend Payout.PayoutRetained Earnings

WE CONNECT

EPA:ALWEC (10/16/2025, 7:00:00 PM)

19.7

+0.7 (+3.68%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners2.47%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap58.51M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.13%
Yearly Dividend0.4
Dividend Growth(5Y)25.3%
DP12.36%
Div Incr Years0
Div Non Decr Years3
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 6.21
Fwd PE N/A
P/S 0.23
P/FCF 137.18
P/OCF 3.4
P/B 1.03
P/tB 1.07
EV/EBITDA N/A
EPS(TTM)3.17
EY16.09%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.14
FCFY0.73%
OCF(TTM)5.8
OCFY29.42%
SpS85.75
BVpS19.16
TBVpS18.49
PEG (NY)N/A
PEG (5Y)0.37
Profitability
Industry RankSector Rank
ROA 4.94%
ROE 15.81%
ROCE 11.57%
ROIC 9.03%
ROICexc 11.08%
ROICexgc 11.38%
OM 4.18%
PM (TTM) 3.53%
GM 11.29%
FCFM 0.17%
ROA(3y)5.24%
ROA(5y)4.33%
ROE(3y)18.21%
ROE(5y)16.26%
ROIC(3y)12.41%
ROIC(5y)13.09%
ROICexc(3y)29.41%
ROICexc(5y)73.9%
ROICexgc(3y)32.24%
ROICexgc(5y)169.8%
ROCE(3y)17.96%
ROCE(5y)18.47%
ROICexcg growth 3Y-67.11%
ROICexcg growth 5Y-7.42%
ROICexc growth 3Y-53.49%
ROICexc growth 5Y-4.88%
OM growth 3Y4.25%
OM growth 5Y1.25%
PM growth 3Y14.09%
PM growth 5Y0.32%
GM growth 3Y10.5%
GM growth 5Y2.81%
F-Score4
Asset Turnover1.4
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 77.37
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 6.59%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 4.74%
Current Ratio 1.76
Quick Ratio 0.97
Altman-Z 2.63
F-Score4
WACC6.84%
ROIC/WACC1.32
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.53%
Cap/Sales(5y)0.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.79%
EPS 3Y22.42%
EPS 5Y16.74%
EPS Q2Q%-17.53%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.2%
Revenue growth 3Y7.7%
Revenue growth 5Y16.7%
Sales Q2Q%-7.25%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-0.96%
EBIT growth 3Y12.29%
EBIT growth 5Y18.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y104.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y303.41%
OCF growth 3Y239.18%
OCF growth 5YN/A