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WE CONNECT (ALWEC.PA) Stock Fundamental Analysis

Europe - EPA:ALWEC - FR0013079092 - Common Stock

19 EUR
-0.3 (-1.55%)
Last: 9/12/2025, 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 52 industry peers in the Electronic Equipment, Instruments & Components industry. ALWEC has an excellent profitability rating, but there are concerns on its financial health. ALWEC has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year ALWEC was profitable.
ALWEC had a positive operating cash flow in the past year.
ALWEC had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: ALWEC reported negative operating cash flow in multiple 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

With an excellent Return On Assets value of 4.94%, ALWEC belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
ALWEC has a better Return On Equity (15.81%) than 94.23% of its industry peers.
ALWEC has a Return On Invested Capital of 9.03%. This is amongst the best in the industry. ALWEC outperforms 86.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ALWEC is significantly above the industry average of 6.34%.
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's Profit Margin of 3.53% is fine compared to the rest of the industry. ALWEC outperforms 76.92% of its industry peers.
ALWEC's Profit Margin has been stable in the last couple of years.
ALWEC's Operating Margin of 4.18% is fine compared to the rest of the industry. ALWEC outperforms 63.46% of its industry peers.
In the last couple of years the Operating Margin of ALWEC has remained more or less at the same level.
ALWEC has a worse Gross Margin (11.29%) than 76.92% of its industry peers.
In the last couple of years the Gross Margin of ALWEC has grown nicely.
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
The debt/assets ratio for ALWEC has been reduced compared to a year ago.
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

An Altman-Z score of 2.63 indicates that ALWEC is not a great score, but indicates only limited risk for bankruptcy at the moment.
ALWEC's Altman-Z score of 2.63 is in line compared to the rest of the industry. ALWEC outperforms 57.69% of its industry peers.
ALWEC has a debt to FCF ratio of 77.37. This is a negative value and a sign of low solvency as ALWEC would need 77.37 years to pay back of all of its debts.
The Debt to FCF ratio of ALWEC (77.37) is worse than 61.54% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that ALWEC is somewhat dependend on debt financing.
ALWEC has a worse Debt to Equity ratio (0.58) than 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 77.37
Altman-Z 2.63
ROIC/WACC1.39
WACC6.52%
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.
With a Current ratio value of 1.76, ALWEC perfoms like the industry average, outperforming 59.62% of the companies in the same industry.
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 (0.97) which is in line with 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

The earnings per share for ALWEC have decreased by -2.79% in the last year.
ALWEC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.74% yearly.
ALWEC shows a small growth in Revenue. In the last year, the Revenue has grown by 1.20%.
The Revenue has been growing by 16.70% on average over the past years. This is quite good.
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

ALWEC is valuated cheaply with a Price/Earnings ratio of 5.99.
ALWEC's Price/Earnings ratio is rather cheap when compared to the industry. ALWEC is cheaper than 98.08% of the companies in the same industry.
ALWEC is valuated cheaply when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.99
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

Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALWEC indicates a slightly more expensive valuation: ALWEC is more expensive than 61.54% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 132.31
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

ALWEC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2YN/A
EPS Next 3YN/A

5

5. Dividend

5.1 Amount

ALWEC has a Yearly Dividend Yield of 2.07%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.88, ALWEC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, ALWEC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.07%

5.2 History

On average, the dividend of ALWEC grows each year by 25.30%, which is quite nice.
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 (9/12/2025, 7:00:00 PM)

19

-0.3 (-1.55%)

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 Cap56.43M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.07%
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 5.99
Fwd PE N/A
P/S 0.22
P/FCF 132.31
P/OCF 3.28
P/B 0.99
P/tB 1.03
EV/EBITDA N/A
EPS(TTM)3.17
EY16.68%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.14
FCFY0.76%
OCF(TTM)5.8
OCFY30.5%
SpS85.75
BVpS19.16
TBVpS18.49
PEG (NY)N/A
PEG (5Y)0.36
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
WACC6.52%
ROIC/WACC1.39
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