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ICAPE HOLDING SA (ALICA.PA) Stock Fundamental Analysis

Europe - EPA:ALICA - FR001400A3Q3 - Common Stock

6.52 EUR
0 (0%)
Last: 10/24/2025, 7:00:00 PM
Fundamental Rating

5

ALICA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 53 industry peers in the Electronic Equipment, Instruments & Components industry. While ALICA has a great profitability rating, there are quite some concerns on its financial health. An interesting combination arises when we look at growth and value: ALICA is growing strongly while it also seems undervalued.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

ALICA had positive earnings in the past year.
ALICA had a positive operating cash flow in the past year.
Each year in the past 5 years ALICA has been profitable.
In the past 5 years ALICA always reported a positive cash flow from operatings.
ALICA.PA Yearly Net Income VS EBIT VS OCF VS FCFALICA.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 2M 4M 6M 8M 10M

1.2 Ratios

With a decent Return On Assets value of 2.38%, ALICA is doing good in the industry, outperforming 66.07% of the companies in the same industry.
ALICA has a better Return On Equity (13.87%) than 87.50% of its industry peers.
With a decent Return On Invested Capital value of 5.81%, ALICA is doing good in the industry, outperforming 71.43% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ALICA is in line with the industry average of 6.60%.
Industry RankSector Rank
ROA 2.38%
ROE 13.87%
ROIC 5.81%
ROA(3y)2.78%
ROA(5y)2.56%
ROE(3y)14.05%
ROE(5y)31.33%
ROIC(3y)6.73%
ROIC(5y)7.78%
ALICA.PA Yearly ROA, ROE, ROICALICA.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 20 40 60

1.3 Margins

ALICA's Profit Margin of 1.94% is fine compared to the rest of the industry. ALICA outperforms 60.71% of its industry peers.
ALICA's Profit Margin has improved in the last couple of years.
ALICA has a Operating Margin of 3.47%. This is in the better half of the industry: ALICA outperforms 60.71% of its industry peers.
ALICA's Operating Margin has improved in the last couple of years.
ALICA has a Gross Margin (35.10%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ALICA has grown nicely.
Industry RankSector Rank
OM 3.47%
PM (TTM) 1.94%
GM 35.1%
OM growth 3Y10.16%
OM growth 5YN/A
PM growth 3Y11.04%
PM growth 5YN/A
GM growth 3Y13.98%
GM growth 5YN/A
ALICA.PA Yearly Profit, Operating, Gross MarginsALICA.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 10 20 30

1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ALICA is creating some value.
The number of shares outstanding for ALICA has been reduced compared to 1 year ago.
Compared to 1 year ago, ALICA has a worse debt to assets ratio.
ALICA.PA Yearly Shares OutstandingALICA.PA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2M 4M 6M 8M
ALICA.PA Yearly Total Debt VS Total AssetsALICA.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

Based on the Altman-Z score of 1.70, we must say that ALICA is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.70, ALICA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
ALICA has a debt to FCF ratio of 6.52. This is a slightly negative value and a sign of low solvency as ALICA would need 6.52 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.52, ALICA is in line with its industry, outperforming 50.00% of the companies in the same industry.
ALICA has a Debt/Equity ratio of 1.90. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.90, ALICA is doing worse than 89.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 6.52
Altman-Z 1.7
ROIC/WACC1.24
WACC4.69%
ALICA.PA Yearly LT Debt VS Equity VS FCFALICA.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 10M 20M 30M 40M

2.3 Liquidity

A Current Ratio of 0.97 indicates that ALICA may have some problems paying its short term obligations.
ALICA has a worse Current ratio (0.97) than 82.14% of its industry peers.
A Quick Ratio of 0.86 indicates that ALICA may have some problems paying its short term obligations.
ALICA has a Quick ratio of 0.86. This is in the lower half of the industry: ALICA underperforms 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.86
ALICA.PA Yearly Current Assets VS Current LiabilitesALICA.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 20M 40M 60M 80M

7

3. Growth

3.1 Past

ALICA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.25%, which is quite good.
ALICA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.32% yearly.
ALICA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.50%.
The Revenue has been growing slightly by 3.50% on average over the past years.
EPS 1Y (TTM)13.25%
EPS 3Y15.32%
EPS 5YN/A
EPS Q2Q%-3.7%
Revenue 1Y (TTM)12.5%
Revenue growth 3Y3.5%
Revenue growth 5YN/A
Sales Q2Q%13.14%

3.2 Future

ALICA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 46.40% yearly.
ALICA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.88% yearly.
EPS Next Y89.66%
EPS Next 2Y68.5%
EPS Next 3Y46.4%
EPS Next 5YN/A
Revenue Next Year20.76%
Revenue Next 2Y20.54%
Revenue Next 3Y17.88%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ALICA.PA Yearly Revenue VS EstimatesALICA.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
ALICA.PA Yearly EPS VS EstimatesALICA.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.5 1

9

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 13.87, the valuation of ALICA can be described as correct.
Based on the Price/Earnings ratio, ALICA is valued cheaper than 87.50% of the companies in the same industry.
ALICA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.89.
A Price/Forward Earnings ratio of 5.13 indicates a rather cheap valuation of ALICA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ALICA indicates a rather cheap valuation: ALICA is cheaper than 94.64% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.99. ALICA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.87
Fwd PE 5.13
ALICA.PA Price Earnings VS Forward Price EarningsALICA.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

78.57% of the companies in the same industry are more expensive than ALICA, based on the Enterprise Value to EBITDA ratio.
82.14% of the companies in the same industry are more expensive than ALICA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 5.45
EV/EBITDA 5.93
ALICA.PA Per share dataALICA.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

ALICA'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 ALICA may justify a higher PE ratio.
A more expensive valuation may be justified as ALICA's earnings are expected to grow with 46.40% in the coming years.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y68.5%
EPS Next 3Y46.4%

3

5. Dividend

5.1 Amount

ALICA has a Yearly Dividend Yield of 1.99%. Purely for dividend investing, there may be better candidates out there.
ALICA's Dividend Yield is a higher than the industry average which is at 2.90.
Compared to an average S&P500 Dividend Yield of 2.31, ALICA has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.99%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years2
ALICA.PA Yearly Dividends per shareALICA.PA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

DP0%
EPS Next 2Y68.5%
EPS Next 3Y46.4%
ALICA.PA Yearly Income VS Free CF VS DividendALICA.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 2M 4M 6M

ICAPE HOLDING SA

EPA:ALICA (10/24/2025, 7:00:00 PM)

6.52

0 (0%)

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 Owners2.85%
Inst Owner ChangeN/A
Ins Owners4.44%
Ins Owner ChangeN/A
Market Cap52.75M
Revenue(TTM)197.10M
Net Income(TTM)3.82M
Analysts82
Price Target10.2 (56.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.99%
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP0%
Div Incr Years1
Div Non Decr Years2
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)5.26%
PT rev (3m)5.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-8.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.3%
Revenue NY rev (3m)-4.77%
Valuation
Industry RankSector Rank
PE 13.87
Fwd PE 5.13
P/S 0.27
P/FCF 5.45
P/OCF 4.45
P/B 1.92
P/tB N/A
EV/EBITDA 5.93
EPS(TTM)0.47
EY7.21%
EPS(NY)1.27
Fwd EY19.51%
FCF(TTM)1.2
FCFY18.35%
OCF(TTM)1.47
OCFY22.47%
SpS24.36
BVpS3.4
TBVpS-3.92
PEG (NY)0.15
PEG (5Y)N/A
Graham Number6
Profitability
Industry RankSector Rank
ROA 2.38%
ROE 13.87%
ROCE 9.58%
ROIC 5.81%
ROICexc 8.06%
ROICexgc 201.65%
OM 3.47%
PM (TTM) 1.94%
GM 35.1%
FCFM 4.91%
ROA(3y)2.78%
ROA(5y)2.56%
ROE(3y)14.05%
ROE(5y)31.33%
ROIC(3y)6.73%
ROIC(5y)7.78%
ROICexc(3y)8.78%
ROICexc(5y)N/A
ROICexgc(3y)38.7%
ROICexgc(5y)N/A
ROCE(3y)11.57%
ROCE(5y)17%
ROICexgc growth 3Y-40.03%
ROICexgc growth 5YN/A
ROICexc growth 3Y-40.31%
ROICexc growth 5YN/A
OM growth 3Y10.16%
OM growth 5YN/A
PM growth 3Y11.04%
PM growth 5YN/A
GM growth 3Y13.98%
GM growth 5YN/A
F-Score7
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 6.52
Debt/EBITDA 3.98
Cap/Depr 34.45%
Cap/Sales 1.1%
Interest Coverage 134.28
Cash Conversion 90.1%
Profit Quality 253.7%
Current Ratio 0.97
Quick Ratio 0.86
Altman-Z 1.7
F-Score7
WACC4.69%
ROIC/WACC1.24
Cap/Depr(3y)66.66%
Cap/Depr(5y)77.43%
Cap/Sales(3y)1.34%
Cap/Sales(5y)1.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.25%
EPS 3Y15.32%
EPS 5YN/A
EPS Q2Q%-3.7%
EPS Next Y89.66%
EPS Next 2Y68.5%
EPS Next 3Y46.4%
EPS Next 5YN/A
Revenue 1Y (TTM)12.5%
Revenue growth 3Y3.5%
Revenue growth 5YN/A
Sales Q2Q%13.14%
Revenue Next Year20.76%
Revenue Next 2Y20.54%
Revenue Next 3Y17.88%
Revenue Next 5YN/A
EBIT growth 1Y-6.58%
EBIT growth 3Y14.01%
EBIT growth 5YN/A
EBIT Next Year202.21%
EBIT Next 3Y60.76%
EBIT Next 5YN/A
FCF growth 1Y435.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y152%
OCF growth 3Y166.02%
OCF growth 5YN/A

ICAPE HOLDING SA / ALICA.PA FAQ

Can you provide the ChartMill fundamental rating for ICAPE HOLDING SA?

ChartMill assigns a fundamental rating of 5 / 10 to ALICA.PA.


What is the valuation status for ALICA stock?

ChartMill assigns a valuation rating of 9 / 10 to ICAPE HOLDING SA (ALICA.PA). This can be considered as Undervalued.


How profitable is ICAPE HOLDING SA (ALICA.PA) stock?

ICAPE HOLDING SA (ALICA.PA) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for ALICA stock?

The Earnings per Share (EPS) of ICAPE HOLDING SA (ALICA.PA) is expected to grow by 89.66% in the next year.


Can you provide the dividend sustainability for ALICA stock?

The dividend rating of ICAPE HOLDING SA (ALICA.PA) is 3 / 10 and the dividend payout ratio is 0%.