ScoreWhy is ATENOR SA ?
1
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 1.68%
- Poor long term growth as Net Sales has grown by an annual rate of 2.18% and Operating profit at -218.41% over the last 5 years
- The company is Net-Debt Free
2
Flat results in Jun 26
- RAW MATERIAL COST(Y) Grown by 64.97% (YoY)
- NET SALES(Q) Lowest at EUR 39.33 MM
3
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -64.53%, its profits have fallen by -215.7%
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -64.53% returns in the last 1 year, the stock has also underperformed Belgium BEL 20 in each of the last 3 annual periods
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is ATENOR SA for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
ATENOR SA
-64.02%
-2.42
40.45%
Belgium BEL 20
22.88%
1.35
15.69%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
2.18%
EBIT Growth (5y)
-218.41%
EBIT to Interest (avg)
-0.47
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
1.86%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0.44%
ROE (avg)
4.43%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.51
EV to EBIT
-10.19
EV to EBITDA
-10.42
EV to Capital Employed
0.86
EV to Sales
4.22
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-8.44%
ROE (Latest)
-88.62%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
OPERATING CASH FLOW(Y)
Highest at EUR 136.66 MM
NET PROFIT(HY)
Higher at EUR -18.29 MM
CASH AND EQV(HY)
Highest at EUR 66.85 MM
-3What is not working for the Company
RAW MATERIAL COST(Y)
Grown by 64.97% (YoY
NET SALES(Q)
Lowest at EUR 39.33 MM
Here's what is working for ATENOR SA
Operating Cash Flow
Highest at EUR 136.66 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (EUR MM)
Net Profit
Higher at EUR -18.29 MM
than preceding 12 month period ended Jun 2026MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (EUR MM)
Cash and Eqv
Highest at EUR 66.85 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for ATENOR SA
Net Sales
Lowest at EUR 39.33 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (EUR MM)
Net Sales
Fallen at -26.34%
Year on Year (YoY)MOJO Watch
Near term sales trend is negative
Net Sales (EUR MM)
Raw Material Cost
Grown by 64.97% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
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