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SPINEWAY (ALSPW.PA) Stock Fundamental Analysis

Europe - EPA:ALSPW - FR001400N2P2 - Common Stock

0.1582 EUR
-0.01 (-8.02%)
Last: 11/6/2025, 7:00:00 PM
Fundamental Rating

3

ALSPW gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 60 industry peers in the Health Care Equipment & Supplies industry. ALSPW scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 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.
In the past 5 years ALSPW always reported negative operating cash flow.
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 68.33% of its industry peers.
The Return On Equity of ALSPW (-7.96%) is worse than 66.67% of its industry peers.
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

Looking at the Gross Margin, with a value of 71.33%, ALSPW belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ALSPW has grown nicely.
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.
The number of shares outstanding for ALSPW has been increased compared to 1 year ago.
Compared to 5 years ago, ALSPW has more shares outstanding
ALSPW has a better debt/assets ratio than last year.
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

Based on the Altman-Z score of 1.39, we must say that ALSPW is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.39, ALSPW is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
ALSPW has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
ALSPW's Debt to Equity ratio of 0.06 is amongst the best of the industry. ALSPW outperforms 81.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Altman-Z 1.39
ROIC/WACCN/A
WACC6.96%
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.
ALSPW's Current ratio of 3.19 is amongst the best of the industry. ALSPW outperforms 86.67% of its industry peers.
A Quick Ratio of 2.04 indicates that ALSPW has no problem at all paying its short term obligations.
ALSPW has a better Quick ratio (2.04) than 78.33% of its industry peers.
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

ALSPW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 99.85%, which is quite impressive.
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
Based on estimates for the next years, ALSPW will show a very strong growth in Revenue. The Revenue will grow by 40.08% on average per year.
EPS Next Y-100.14%
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

The Price/Earnings Ratio is negative for ALSPW. In the last year negative earnings were reported.
Also next year ALSPW is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

100.00% of the companies in the same industry are more expensive than ALSPW, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.78
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

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

0

5. Dividend

5.1 Amount

No dividends for ALSPW!.
Industry RankSector Rank
Dividend Yield N/A

SPINEWAY

EPA:ALSPW (11/6/2025, 7:00:00 PM)

0.1582

-0.01 (-8.02%)

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 Cap5.62M
Revenue(TTM)10.99M
Net Income(TTM)-1.90M
Analysts86.67
Price Target0.28 (76.99%)
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)-25%
PT rev (3m)-22.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-800%
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 0.51
P/FCF N/A
P/OCF 9.68
P/B 0.24
P/tB 0.39
EV/EBITDA 2.78
EPS(TTM)-0.05
EYN/A
EPS(NY)-0.09
Fwd EYN/A
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)0.02
OCFY10.33%
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 1.39
F-Score6
WACC6.96%
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-100.14%
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 -100.14% 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%.