(ATEB) Atenor - Ratings and Ratios
Residential Properties, Office Spaces, Public Facilities, Shops, Mixed Use Developments
ATEB EPS (Earnings per Share)
ATEB Revenue
Description: ATEB Atenor
Atenor SA is a real estate development company operating in multiple European countries, including Belgium, Luxembourg, and others. The company focuses on developing residential and non-residential projects, as well as mixed-use urban projects that include offices, housing, and public facilities. Atenor serves a diverse range of clients, from private individuals to businesses and public authorities.
From a business perspective, Atenors revenue streams are likely generated through the sale or leasing of developed properties. To evaluate the companys performance, key performance indicators (KPIs) such as revenue growth, gross margin, and return on equity (ROE) are crucial. Although the provided ROE of -49.03% indicates a significant loss, its essential to analyze the trend and underlying causes. Other relevant KPIs for real estate development companies include the land bank, project pipeline, and occupancy rates.
To assess Atenors financial health, its essential to examine its debt-to-equity ratio, interest coverage ratio, and cash flow generation. A high debt-to-equity ratio could indicate a higher risk profile, while a stable interest coverage ratio and positive cash flow would suggest a more robust financial position. Additionally, analyzing the companys dividend policy and payout ratio can provide insights into its commitment to shareholders.
From a valuation perspective, Atenors P/E Forward ratio of 62.89 suggests that the market expects significant earnings growth in the future. However, the absence of a trailing P/E ratio and the negative ROE raise concerns about the companys current profitability. To better understand the companys valuation, its necessary to analyze its price-to-book ratio, enterprise value-to-EBITDA, and other relevant multiples.
ATEB Stock Overview
| Market Cap in USD | 219m |
| Sector | Real Estate |
| Industry | Real Estate - Development |
| GiC Sub-Industry | Real Estate Development |
| IPO / Inception |
ATEB Stock Ratings
| Growth Rating | -92.2 |
| Fundamental | 44.5% |
| Dividend Rating | 21.9 |
| Rel. Strength | -45.3 |
| Analysts | - |
| Fair Price Momentum | 2.03 EUR |
| Fair Price DCF | 3.54 EUR |
ATEB Dividends
Currently no dividends paidATEB Growth Ratios
| Growth Correlation 3m | 56.5% |
| Growth Correlation 12m | -85.5% |
| Growth Correlation 5y | -92.9% |
| CAGR 5y | -35.98% |
| CAGR/Max DD 5y | -0.39 |
| Sharpe Ratio 12m | -2.76 |
| Alpha | -46.12 |
| Beta | -0.060 |
| Volatility | 29.41% |
| Current Volume | 2.6k |
| Average Volume 20d | 9.8k |
| Stop Loss | 2.9 (-5.8%) |
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income (-146.5m TTM) > 0 and > 6% of Revenue (6% = 25.4m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA 8.76pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 107.9% (prev 1420 %; Δ -1312 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.01 (>3.0%) and CFO 11.9m > Net Income -146.5m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 1.98 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (43.4m) change vs 12m ago 264.0% (target <= -2.0% for YES) |
| Gross Margin 24.05% (prev -110.5%; Δ 134.6pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 34.82% (prev 3.20%; Δ 31.62pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -0.35 (EBITDA TTM -24.0m / Interest Expense TTM 75.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.83
| (A) 0.40 = (Total Current Assets 921.7m - Total Current Liabilities 465.9m) / Total Assets 1.15b |
| (B) 0.01 = Retained Earnings (Balance) 12.3m / Total Assets 1.15b |
| (C) -0.02 = EBIT TTM -26.2m / Avg Total Assets 1.21b |
| (D) 0.32 = Book Value of Equity 269.9m / Total Liabilities 854.4m |
| Total Rating: 2.83 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 44.48
| 1. Piotroski 2.0pt = -3.0 |
| 2. FCF Yield 1.20% = 0.60 |
| 3. FCF Margin 2.40% = 0.60 |
| 4. Debt/Equity 2.48 = 0.04 |
| 5. Debt/Ebitda -29.90 = -2.50 |
| 6. ROIC - WACC data missing |
| 7. RoE -49.03% = -2.50 |
| 8. Rev. Trend 24.81% = 1.24 |
| 9. Rev. CAGR 63.46% = 2.50 |
| 10. EPS Trend data missing |
| 11. EPS CAGR -43.28% = -2.50 |
As of August 10, 2025, the stock is trading at EUR 3.08 with a total of 2,629 shares traded.
Over the past week, the price has changed by +0.98%, over one month by +4.76%, over three months by +7.32% and over the past year by -43.90%.
No, based on ValueRay´s Fundamental Analyses, Atenor (BR:ATEB) is currently (August 2025) a stock to sell. It has a ValueRay Fundamental Rating of 44.48 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ATEB is around 2.03 EUR . This means that ATEB is currently overvalued and has a potential downside of -34.09%.
Atenor has no consensus analysts rating.
According to our own proprietary Forecast Model, ATEB Atenor will be worth about 2.2 in August 2026. The stock is currently trading at 3.08. This means that the stock has a potential downside of -28.9%.
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.7 | 52.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 2.2 | -28.9% |
ATEB Fundamental Data Overview
Market Cap EUR = 188.2m (188.2m EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 59.5m EUR (Cash And Short Term Investments, last quarter)
P/E Forward = 62.8931
P/S = 0.5858
P/B = 0.6388
P/EG = 0.2389
Beta = 0.904
Revenue TTM = 422.5m EUR
EBIT TTM = -26.2m EUR
EBITDA TTM = -24.0m EUR
Long Term Debt = 375.2m EUR (from longTermDebt, last quarter)
Short Term Debt = 342.8m EUR (from shortTermDebt, last quarter)
Debt = 717.9m EUR (Calculated: Short Term 342.8m + Long Term 375.2m)
Net Debt = 664.6m EUR (from netDebt column, last quarter)
Enterprise Value = 846.7m EUR (188.2m + Debt 717.9m - CCE 59.5m)
Interest Coverage Ratio = -0.35 (Ebit TTM -26.2m / Interest Expense TTM 75.0m)
FCF Yield = 1.20% (FCF TTM 10.1m / Enterprise Value 846.7m)
FCF Margin = 2.40% (FCF TTM 10.1m / Revenue TTM 422.5m)
Net Margin = -34.68% (Net Income TTM -146.5m / Revenue TTM 422.5m)
Gross Margin = 24.05% ((Revenue TTM 422.5m - Cost of Revenue TTM 320.9m) / Revenue TTM)
Tobins Q-Ratio = 3.14 (Enterprise Value 846.7m / Book Value Of Equity 269.9m)
Interest Expense / Debt = 2.77% (Interest Expense 19.9m / Debt 717.9m)
[93m Taxrate = unknown
[39m[93m NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
[39m Current Ratio = 1.98 (Total Current Assets 921.7m / Total Current Liabilities 465.9m)
Debt / Equity = 2.48 (Debt 717.9m / last Quarter total Stockholder Equity 289.9m)
Debt / EBITDA = -29.90 (Net Debt 664.6m / EBITDA -24.0m)
Debt / FCF = 70.79 (Debt 717.9m / FCF TTM 10.1m)
Total Stockholder Equity = 298.8m (last 4 quarters mean)
RoA = -12.79% (Net Income -146.5m, Total Assets 1.15b )
RoE = -49.03% (Net Income TTM -146.5m / Total Stockholder Equity 298.8m)
RoCE = -3.89% (Ebit -26.2m / (Equity 298.8m + L.T.Debt 375.2m))
[93m RoIC = unknown (NOPAT none, Invested Capital 1.12b, Ebit -26.2m)
[39m[93m WACC = unknown (E(188.2m)/V(906.2m) * Re(5.79%)) + (D(717.9m)/V(906.2m) * Rd(2.77%) * (1-Tc(none)))
[39m Shares Correlation 5-Years: 89.40 | Cagr: 29.48%
Discount Rate = 5.79% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 78.63% ; FCFE base≈10.1m ; Y1≈10.7m ; Y5≈12.5m
Fair Price DCF = 3.54 (DCF Value 214.8m / Shares Outstanding 60.7m; 5y FCF grow 5.50% → 2.90% )
Revenue Correlation: 24.81 | Revenue CAGR: 63.46%
Revenue Growth Correlation: 74.14%
EPS Correlation: N/A | EPS CAGR: -43.28%
EPS Growth Correlation: 14.09%