(VLTSA) Voltalia - Overview
Sector: Utilities | Industry: Utilities - Renewable | Exchange: PA (France) | Market Cap: 1.130m EUR | Total Return: 0% in 12m
Avg Turnover: 1.04M
Warnings
High Debt/EBITDA (6.4) with thin interest coverage (0.6)
High Debt while negative Cash Flow
Interest Coverage Ratio 0.6 is critical
Altman Z'' 0.53 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Voltalia SA is a France-based renewable energy producer that develops and operates wind, solar, hydropower, and biomass facilities alongside energy storage solutions. The company utilizes an integrated business model, generating revenue through direct energy sales and providing third-party services such as equipment procurement, construction, and long-term maintenance. Its operational footprint spans Europe, Brazil, Latin America, Africa, and Asia.
The renewable utilities sector often relies on long-term Power Purchase Agreements (PPAs) to secure predictable cash flows and mitigate commodity price volatility. As a subsidiary of Voltalia Investissement SA, the company benefits from a centralized ownership structure common in European infrastructure firms. Investors may find it useful to examine ValueRay for deeper insights into the companys valuation metrics. Voltalia’s diverse technological mix allows it to balance intermittent energy sources like wind and solar with more stable baseload options like biomass and hydro.
- Installed capacity expansion drives long-term Energy Sales revenue growth
- Services segment margins fluctuate based on third-party EPC contract timing
- Brazilian wind and solar exposure creates significant currency translation risk
- High interest rates increase financing costs for capital-intensive renewable projects
| Net Income: -149.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.12 > 0.02 and ΔFCF/TA -3.05 > 1.0 |
| NWC/Revenue: 12.60% < 20% (prev 19.71%; Δ -7.11% < -1%) |
| CFO/TA 0.05 > 3% & CFO 190.8m > Net Income -149.3m |
| Net Debt (2.44b) to EBITDA (384.1m): 6.35 < 3 |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (131.3m) vs 12m ago -3.83% < -2% |
| Gross Margin: 58.97% > 18% (prev 0.14%; Δ 5.88k% > 0.5%) |
| Asset Turnover: 28.35% > 50% (prev 20.07%; Δ 8.28% > 0%) |
| Interest Coverage Ratio: 0.63 > 6 (EBITDA TTM 384.1m / Interest Expense TTM 186.8m) |
| A: 0.03 (Total Current Assets 825.0m - Total Current Liabilities 682.0m) / Total Assets 4.19b |
| B: -0.03 (Retained Earnings -128.1m / Total Assets 4.19b) |
| C: 0.03 (EBIT TTM 117.0m / Avg Total Assets 4.00b) |
| D: 0.20 (Book Value of Equity 620.4m / Total Liabilities 3.13b) |
| Altman-Z'' = 0.53 = B |
| DSRI: 0.78 (Receivables 248.0m/214.3m, Revenue 1.13b/766.1m) |
| GMI: 0.24 (GM 58.97% / 14.14%) |
| AQI: 1.32 (AQ_t 0.21 / AQ_t-1 0.16) |
| SGI: 1.48 (Revenue 1.13b / 766.1m) |
| TATA: -0.08 (NI -149.3m - CFO 190.8m) / TA 4.19b) |
| Beneish M = -3.44 (Cap -4..+1) = AA |
As of June 03, 2026, the stock is trading at EUR 8.53 with a total of 129,609 shares traded.
Over the past week, the price has changed by +0.00%,
over one month by +0.00%,
over three months by +0.00% and
over the past year by +0.00%.
Voltalia has no consensus analysts rating.
P/E Forward = 33.4448
P/S = 1.922
P/B = 1.1538
Revenue TTM = 1.13b EUR
EBIT TTM = 117.0m EUR
EBITDA TTM = 384.1m EUR
Long Term Debt = 2.23b EUR (from longTermDebt, last quarter)
Short Term Debt = 262.0m EUR (from shortTermDebt, last quarter)
Debt = 2.50b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.95m
Net Debt = 2.44b EUR (calculated: Debt 2.50b - CCE 58.8m)
Enterprise Value = 3.57b EUR (1.13b + Debt 2.50b - CCE 58.8m)
Interest Coverage Ratio = 0.63 (Ebit TTM 117.0m / Interest Expense TTM 186.8m)
EV/FCF = -7.16x (Enterprise Value 3.57b / FCF TTM -498.3m)
FCF Yield = -13.96% (FCF TTM -498.3m / Enterprise Value 3.57b)
FCF Margin = -43.92% (FCF TTM -498.3m / Revenue TTM 1.13b)
Net Margin = -13.16% (Net Income TTM -149.3m / Revenue TTM 1.13b)
Gross Margin = 58.97% ((Revenue TTM 1.13b - Cost of Revenue TTM 465.5m) / Revenue TTM)
Gross Margin QoQ = 51.64% (prev 83.27%)
Tobins Q-Ratio = 0.85 (Enterprise Value 3.57b / Total Assets 4.19b)
Interest Expense / Debt = 7.48% (Interest Expense 186.8m / Debt 2.50b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 87.8m (EBIT 117.0m * (1 - 25.00%))
Current Ratio = 1.21 (Total Current Assets 825.0m / Total Current Liabilities 682.0m)
Debt / Equity = 2.62 (Debt 2.50b / totalStockholderEquity, last quarter 954.0m)
Debt / EBITDA = 6.35 (Net Debt 2.44b / EBITDA 384.1m)
Debt / FCF = -4.90 (negative FCF - burning cash) (Net Debt 2.44b / FCF TTM -498.3m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.73% (Net Income -149.3m / Total Assets 4.19b)
RoE = -12.63% (Net Income TTM -149.3m / Total Stockholder Equity 1.18b)
RoCE = 3.43% (EBIT 117.0m / Capital Employed (Equity 1.18b + L.T.Debt 2.23b))
RoIC = 2.37% (NOPAT 87.8m / Invested Capital 3.71b)
WACC = 5.83% (E(1.13b)/V(3.63b) * Re(6.34%) + D(2.50b)/V(3.63b) * Rd(7.48%) * (1-Tc(0.25)))
Discount Rate = 6.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 12.17%
[DCF] Fair Price = unknown (Cash Flow -498.3m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 95.38 | Revenue CAGR: 8.72% | SUE: 0.32 | # QB: 0
EPS current Year (2026-12-31): EPS=0.01 | Chg30d=N/A | Revisions=-20% | GrowthEPS=+107.8% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=0.16 | Chg30d=-8.59% | Revisions=-20% | GrowthEPS=+970.8% | GrowthRev=+10.7%
[Analyst] Revisions Ratio: -20%