Kerlink (ENXTPA:ALKLK) - Share price, News & Analysis

ALKLK fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

ALKLK Stock Overview

Kerlink SA provides network infrastructure solutions for the Internet of Things (IoT) market to historical and alternative operators, businesses, and utilities worldwide.

Rewards

Trading at 33.7% below our estimate of its fair value

Earnings are forecast to grow 84.04% per year

Risk Analysis

Volatile share price over the past 3 months

Does not have a meaningful market cap (€27M)

Kerlink Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kerlink
Historical stock prices
Current Share Price	€3.72
52 Week High	€7.90
52 Week Low	€3.26
Beta	2.13
1 Month Change	-15.95%
3 Month Change	-21.29%
1 Year Change	-32.33%
3 Year Change	117.25%
5 Year Change	-81.88%
Change since IPO	-64.24%

Recent News & Updates

Apr 20

Calculating The Fair Value Of Kerlink SA (EPA:ALKLK)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Kerlink SA ( EPA:ALKLK...

Shareholder Returns

	ALKLK	FR Communications	FR Market
7D	1.2%	1.2%	-1.3%
1Y	-32.3%	-5.8%	-5.4%

Return vs Industry: ALKLK underperformed the French Communications industry which returned -5.8% over the past year.

Return vs Market: ALKLK underperformed the French Market which returned -5.4% over the past year.

Price Volatility

Is ALKLK's price volatile compared to industry and market?
ALKLK volatility
ALKLK Average Weekly Movement	8.9%
Communications Industry Average Movement	7.1%
Market Average Movement	6.1%
10% most volatile stocks in FR Market	10.4%
10% least volatile stocks in FR Market	3.6%

Stable Share Price: ALKLK is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ALKLK's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

Founded	Employees	CEO	Website
2004	84	William Gouesbet	https://www.kerlink.com

Kerlink SA provides network infrastructure solutions for the Internet of Things (IoT) market to historical and alternative operators, businesses, and utilities worldwide. It offers devices and sensors comprising of Reference Design Low Power IoT, a package that includes hardware, software, tools, and recommendations for prototyping and producing a final product; Wirnet RF Modules for transmitting data from a remote device to a gateway; and Wanesy Wave that offers real-time information on assets position or people counting information to hospitals, buildings, industrial site managers, and mall operators. The company also provides Wirnet iStation, a LoRaWAN gateway for outdoor deployments; Wirnet iFemtoCell-evolution for indoor coverage and/or network densification for smart city, smart building, and smart project; Wirgrid Station, a LAN/WAN software bridge for automated remote reading applications; Wirgrid Collect 868 for submetering applications; Wanesy Small Private Network, an entry-level and secured management solution for indoor and outdoor use; and Wanesy Management Center, a solution to run, monitor, and manage LoRaWAN IoT network.

Kerlink Fundamentals Summary

How do Kerlink's earnings and revenue compare to its market cap?
ALKLK fundamental statistics
Market Cap	€27.37m
Earnings (TTM)	-€1.83m
Revenue (TTM)	€19.88m

1.4x

P/S Ratio

-14.9x

P/E Ratio

Is ALKLK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALKLK income statement (TTM)
Revenue	€19.88m
Cost of Revenue	€11.84m
Gross Profit	€8.04m
Other Expenses	€9.87m
Earnings	-€1.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.25
Gross Margin	40.43%
Net Profit Margin	-9.23%
Debt/Equity Ratio	50.6%

How did ALKLK perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

33.7%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALKLK (€3.72) is trading below our estimate of fair value (€5.6)

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

Price To Earnings Ratio

PE vs Industry: ALKLK is unprofitable, so we can't compare its PE Ratio to the French Communications industry average.

PE vs Market: ALKLK is unprofitable, so we can't compare its PE Ratio to the French market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ALKLK's PB Ratio (1.7x) is in line with the FR Communications industry average.

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

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

84.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: ALKLK's revenue (14% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: ALKLK's revenue (14% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ALKLK's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Kerlink 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

-17.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALKLK is currently unprofitable.

Growing Profit Margin: ALKLK is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ALKLK is unprofitable, and losses have increased over the past 5 years at a rate of 17.5% per year.

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

Earnings vs Industry: ALKLK is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (75.4%).

Return on Equity

High ROE: ALKLK has a negative Return on Equity (-11.5%), as it is currently unprofitable.

Financial Health

How is Kerlink'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: ALKLK's short term assets (€24.1M) exceed its short term liabilities (€6.9M).

Long Term Liabilities: ALKLK's short term assets (€24.1M) exceed its long term liabilities (€6.3M).

Debt to Equity History and Analysis

Debt Level: ALKLK has more cash than its total debt.

Reducing Debt: ALKLK's debt to equity ratio has increased from 27.1% to 50.6% 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: Insufficient data to determine if ALKLK has enough cash runway based on its current free cash flow.

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

Dividend

What is Kerlink 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

8.97%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ALKLK'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 ALKLK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALKLK'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 ALKLK has not reported any payouts.

Discover strong dividend paying companies

Management

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

18.3yrs

Average management tenure

CEO

William Gouesbet (46 yo)

18.33yrs

Tenure

€93,125

Compensation

Mr. William Gouesbet co-founded Kerlink SA since 2004 and its Chairman of the Board and Director since March 29, 2016. Mr. Gouesbet serves as the Chief Executive Officer, General Manager and President of K...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether William's total compensation is reasonable compared to companies of similar size in the French market.

Compensation vs Earnings: Insufficient data to compare William's compensation with company performance.

Leadership Team

Experienced Management: ALKLK's management team is seasoned and experienced (18.3 years average tenure).

Board Members

Experienced Board: ALKLK's board of directors are considered experienced (6.2 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	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31