| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | 7.16 | -20 |
| Graham-Dodd Method | 1.48 | -84 |
| Graham Formula | n/a |
Entech SA (ALESE.PA) is a French renewable energy innovator specializing in the design, development, and deployment of cutting-edge energy generation, storage, and smart grid management solutions. Headquartered in Quimper, France, and founded in 2016, the company operates in the fast-growing renewable utilities sector, focusing on photovoltaic solar power plants, battery energy storage systems, microgrids, and green hydrogen production. Entech's expertise spans on-grid and off-grid applications, including energy conversion, grid balancing, and electrification of remote sites. The company also pioneers advanced technologies like tidal turbines and next-gen battery systems. With a strong presence in France and international markets, Entech is positioned at the forefront of Europe's energy transition, offering integrated solutions for sustainable power generation and storage. Its diverse portfolio caters to commercial, industrial, and utility-scale projects, making it a key player in the decarbonization of energy systems.
Entech SA presents a high-growth opportunity in the renewable energy sector, benefiting from Europe's accelerating energy transition and increasing demand for storage solutions. The company's innovative technology portfolio and integrated approach to renewable projects provide competitive differentiation. However, investors should note its current unprofitability (net income of -€802K in the last period) and modest market cap of €110M, indicating higher risk. Positive cash flow from operations (€7.6M) suggests improving financial health, while low beta (0.164) implies relatively low volatility compared to the market. The absence of dividends reflects reinvestment in growth. Key risks include execution challenges in scaling operations, technological obsolescence, and dependence on government renewable energy policies. The stock may appeal to growth-oriented investors with a long-term perspective on Europe's clean energy transformation.
Entech competes in the specialized renewable energy solutions market with a focus on integrated generation-storage systems and smart grid technologies. Its competitive advantage lies in its comprehensive offering that combines photovoltaic systems with advanced storage solutions and grid management capabilities—a rare combination among smaller renewable players. The company's expertise in off-grid and microgrid applications positions it well for rural electrification and industrial decarbonization projects. However, as a relatively young company (founded 2016), Entech lacks the scale and brand recognition of established renewable energy giants. Its technology-focused approach differentiates it from traditional solar installers but requires continuous R&D investment to maintain an edge. The French market provides a strong base with supportive policies, while international expansion remains a growth opportunity. Entech's small size allows for agility in adopting new technologies like green hydrogen and tidal energy, but also limits its ability to compete on price for large utility-scale projects. The company's challenge is to scale profitably while maintaining its technological leadership in a sector attracting increasing competition from both energy majors and tech-focused startups.