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SPINEWAY (ALSPW.PA) Stock Fundamental Analysis

Europe - Euronext Paris - EPA:ALSPW - FR001400N2P2 - Common Stock

0.153 EUR
+0 (+1.32%)
Last: 12/5/2025, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ALSPW. ALSPW was compared to 63 industry peers in the Health Care Equipment & Supplies industry. While ALSPW seems to be doing ok healthwise, there are quite some concerns on its profitability. ALSPW is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

ALSPW had negative earnings in the past year.
ALSPW had a positive operating cash flow in the past year.
ALSPW had negative earnings in each of the past 5 years.
ALSPW had a negative operating cash flow in each of the past 5 years.
ALSPW.PA Yearly Net Income VS EBIT VS OCF VS FCFALSPW.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 2024 0 -5M -10M

1.2 Ratios

ALSPW has a worse Return On Assets (-6.29%) than 71.43% of its industry peers.
Looking at the Return On Equity, with a value of -7.96%, ALSPW is doing worse than 69.84% of the companies in the same industry.
Industry RankSector Rank
ROA -6.29%
ROE -7.96%
ROIC N/A
ROA(3y)-16.26%
ROA(5y)-30.05%
ROE(3y)-21.45%
ROE(5y)-42.44%
ROIC(3y)N/A
ROIC(5y)N/A
ALSPW.PA Yearly ROA, ROE, ROICALSPW.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

1.3 Margins

ALSPW has a better Gross Margin (71.33%) than 84.13% of its industry peers.
ALSPW's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for ALSPW so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 71.33%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.32%
GM growth 5Y16.07%
ALSPW.PA Yearly Profit, Operating, Gross MarginsALSPW.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

5

2. Health

2.1 Basic Checks

ALSPW does not have a ROIC to compare to the WACC, probably because it is not profitable.
ALSPW has more shares outstanding than it did 1 year ago.
ALSPW has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ALSPW has an improved debt to assets ratio.
ALSPW.PA Yearly Shares OutstandingALSPW.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
ALSPW.PA Yearly Total Debt VS Total AssetsALSPW.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

2.2 Solvency

ALSPW has an Altman-Z score of 1.37. This is a bad value and indicates that ALSPW is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.37, ALSPW is doing worse than 68.25% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that ALSPW is not too dependend on debt financing.
The Debt to Equity ratio of ALSPW (0.06) is better than 84.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Altman-Z 1.37
ROIC/WACCN/A
WACC7.16%
ALSPW.PA Yearly LT Debt VS Equity VS FCFALSPW.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M

2.3 Liquidity

ALSPW has a Current Ratio of 3.19. This indicates that ALSPW is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.19, ALSPW belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
A Quick Ratio of 2.04 indicates that ALSPW has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.04, ALSPW belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.19
Quick Ratio 2.04
ALSPW.PA Yearly Current Assets VS Current LiabilitesALSPW.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 99.85% over the past year.
Looking at the last year, ALSPW shows a decrease in Revenue. The Revenue has decreased by -5.46% in the last year.
The Revenue has been growing by 18.95% on average over the past years. This is quite good.
EPS 1Y (TTM)99.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%95.92%
Revenue 1Y (TTM)-5.46%
Revenue growth 3Y40.7%
Revenue growth 5Y18.95%
Sales Q2Q%-14.72%

3.2 Future

The Earnings Per Share is expected to decrease by -41.47% on average over the next years. This is quite bad
The Revenue is expected to grow by 40.08% on average over the next years. This is a very strong growth
EPS Next Y-100.08%
EPS Next 2Y-41.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2Y40.08%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ALSPW.PA Yearly Revenue VS EstimatesALSPW.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2026 5M 10M 15M
ALSPW.PA Yearly EPS VS EstimatesALSPW.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025 2026 0 -5M -10M -15M -20M

1

4. Valuation

4.1 Price/Earnings Ratio

ALSPW reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ALSPW. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ALSPW.PA Price Earnings VS Forward Price EarningsALSPW.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

ALSPW's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ALSPW is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.61
ALSPW.PA Per share dataALSPW.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 0.4 0.6

4.3 Compensation for Growth

A cheap valuation may be justified as ALSPW's earnings are expected to decrease with -41.47% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.47%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

ALSPW does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

SPINEWAY

EPA:ALSPW (12/5/2025, 7:00:00 PM)

0.153

+0 (+1.32%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)10-14 2025-10-14
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.44M
Revenue(TTM)10.99M
Net Income(TTM)-1.90M
Analysts86.67
Price Target0.28 (83.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
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)0%
PT rev (3m)-25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)44.44%
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 N/A
Fwd PE N/A
P/S 0.49
P/FCF N/A
P/OCF 9.36
P/B 0.23
P/tB 0.38
EV/EBITDA 2.61
EPS(TTM)-0.05
EYN/A
EPS(NY)-0.08
Fwd EYN/A
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)0.02
OCFY10.68%
SpS0.31
BVpS0.67
TBVpS0.41
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -6.29%
ROE -7.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 71.33%
FCFM N/A
ROA(3y)-16.26%
ROA(5y)-30.05%
ROE(3y)-21.45%
ROE(5y)-42.44%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.32%
GM growth 5Y16.07%
F-Score6
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Debt/EBITDA 1.36
Cap/Depr 118.69%
Cap/Sales 12.83%
Interest Coverage N/A
Cash Conversion 51.42%
Profit Quality N/A
Current Ratio 3.19
Quick Ratio 2.04
Altman-Z 1.37
F-Score6
WACC7.16%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)99.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%95.92%
EPS Next Y-100.08%
EPS Next 2Y-41.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.46%
Revenue growth 3Y40.7%
Revenue growth 5Y18.95%
Sales Q2Q%-14.72%
Revenue Next YearN/A
Revenue Next 2Y40.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y97.91%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y94.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.03%
OCF growth 3YN/A
OCF growth 5YN/A

SPINEWAY / ALSPW.PA FAQ

Can you provide the ChartMill fundamental rating for SPINEWAY?

ChartMill assigns a fundamental rating of 3 / 10 to ALSPW.PA.


What is the valuation status for ALSPW stock?

ChartMill assigns a valuation rating of 1 / 10 to SPINEWAY (ALSPW.PA). This can be considered as Overvalued.


What is the profitability of ALSPW stock?

SPINEWAY (ALSPW.PA) has a profitability rating of 2 / 10.


What is the earnings growth outlook for SPINEWAY?

The Earnings per Share (EPS) of SPINEWAY (ALSPW.PA) is expected to decline by -100.08% in the next year.


Can you provide the dividend sustainability for ALSPW stock?

The dividend rating of SPINEWAY (ALSPW.PA) is 0 / 10 and the dividend payout ratio is 0%.