Cerinnov Group (ENXTPA:ALPCV) - Share price, News & Analysis

ALPCV fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	6/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

ALPCV Stock Overview

Cerinnov Group SA engages in the manufacture and sale of production equipment worldwide.

Rewards

Trading at 78.5% below our estimate of its fair value

Earnings are forecast to grow 89.95% per year

Risk Analysis

Does not have a meaningful market cap (€5M)

Cerinnov Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cerinnov Group
Historical stock prices
Current Share Price	€1.13
52 Week High	€1.89
52 Week Low	€1.15
Beta	2.81
1 Month Change	-16.79%
3 Month Change	-23.44%
1 Year Change	-32.82%
3 Year Change	-66.77%
5 Year Change	-90.63%
Change since IPO	-86.94%

Recent News & Updates

Nov 25

Health Check: How Prudently Does Cerinnov Group (EPA:ALPCV) Use Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Nov 25

Is Cerinnov Group (EPA:ALPCV) Using Debt In A Risky Way?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

	ALPCV	FR Machinery	FR Market
7D	-12.4%	2.9%	-1.5%
1Y	-32.8%	-41.1%	-18.8%

Return vs Industry: ALPCV exceeded the French Machinery industry which returned -41.1% over the past year.

Return vs Market: ALPCV underperformed the French Market which returned -18.8% over the past year.

Price Volatility

Is ALPCV's price volatile compared to industry and market?
ALPCV volatility
ALPCV Average Weekly Movement	7.2%
Machinery Industry Average Movement	7.4%
Market Average Movement	6.0%
10% most volatile stocks in FR Market	10.2%
10% least volatile stocks in FR Market	3.5%

Stable Share Price: ALPCV is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ALPCV's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1975	87	Arnaud Hory	https://www.cerinnov.com

Cerinnov Group SA engages in the manufacture and sale of production equipment worldwide. It offers shaping and glazing machines, such as pressure casting machines, robotized pressure casting machines, automatic jiggering lines, automatic casting machines, finishing machines, spray glazing lines, glazing lines by curtain of enamel, dipping glazing lines, and rotative spray glazing machines. The company also provides laser machines, including CML, BML, RML, LML, robotized RML, melting and densification, and CDL machines; decoration machines, including total transfer pad printing machines, engraved plate printing machines, backstamping, heat release decal application machines, 360deg heat release machines, and lining and banding machines; and customized machines comprising dryers, filtration and surface treatment machines, and tape casting units.

Cerinnov Group Fundamentals Summary

How do Cerinnov Group's earnings and revenue compare to its market cap?
ALPCV fundamental statistics
Market Cap	€5.26m
Earnings (TTM)	-€1.53m
Revenue (TTM)	€10.67m

0.5x

P/S Ratio

-3.3x

P/E Ratio

Is ALPCV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALPCV income statement (TTM)
Revenue	€10.67m
Cost of Revenue	€4.25m
Gross Profit	€6.42m
Other Expenses	€7.95m
Earnings	-€1.53m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.34
Gross Margin	60.15%
Net Profit Margin	-14.34%
Debt/Equity Ratio	236.2%

How did ALPCV perform over the long term?

See historical performance and comparison

Valuation

Is Cerinnov Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALPCV (€1.13) is trading below our estimate of fair value (€5.27)

Significantly Below Fair Value: ALPCV is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: ALPCV is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French Machinery industry average.

PE vs Market: ALPCV is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALPCV's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ALPCV is good value based on its Price-To-Book Ratio (1.3x) compared to the FR Machinery industry average (1.6x).

Future Growth

How is Cerinnov Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

6/6

Future Growth Score 6/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

89.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALPCV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: ALPCV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ALPCV's is expected to become profitable in the next 3 years.

Revenue vs Market: ALPCV's revenue (20.5% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: ALPCV's revenue (20.5% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALPCV's Return on Equity is forecast to be high in 3 years time (23.9%)

Past Performance

How has Cerinnov Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-44.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALPCV is currently unprofitable.

Growing Profit Margin: ALPCV is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ALPCV is unprofitable, and losses have increased over the past 5 years at a rate of 44.1% per year.

Accelerating Growth: Unable to compare ALPCV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ALPCV is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (75.1%).

Return on Equity

High ROE: ALPCV has a negative Return on Equity (-40.42%), as it is currently unprofitable.

Financial Health

How is Cerinnov Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ALPCV's short term assets (€10.7M) exceed its short term liabilities (€7.4M).

Long Term Liabilities: ALPCV's short term assets (€10.7M) exceed its long term liabilities (€8.0M).

Debt to Equity History and Analysis

Debt Level: ALPCV's net debt to equity ratio (177.6%) is considered high.

Reducing Debt: ALPCV's debt to equity ratio has increased from 21.4% to 236.2% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ALPCV has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ALPCV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is Cerinnov Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALPCV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALPCV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALPCV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALPCV's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALPCV has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure

CEO

Arnaud Hory

6.08yrs

Tenure

€78,026

Compensation

Mr. Arnaud Hory has been the Chief Executive Officer of Cerinnov Group SA since April 20, 2016. Mr. Hory serves as a Consultant to Banque de France (Haute Vienne). He served as the Chief Executive Officer...

Leadership Team

Experienced Management: ALPCV's management team is seasoned and experienced (6.1 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31