| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 86.26 | 5387 |
| Intrinsic value (DCF) | 2.28 | 45 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 5.94 | 278 |
Hydrogen-Refueling-Solutions SA (ALHRS.PA) is a pioneering French company specializing in the manufacturing and deployment of hydrogen refueling stations for a wide range of vehicles, including light vehicles, buses, trucks, and heavy fleets. Founded in 2004 and headquartered in Champ-sur-Drac, France, the company serves the mobility, industrial, storage, and energy markets, positioning itself at the forefront of the hydrogen economy. As the world transitions towards sustainable energy solutions, Hydrogen-Refueling-Solutions plays a critical role in supporting zero-emission transportation infrastructure. The company operates in the Specialty Retail sector under the broader Consumer Cyclical industry, reflecting its niche yet growing market. With increasing global emphasis on decarbonization, Hydrogen-Refueling-Solutions is well-positioned to capitalize on the expanding demand for hydrogen fuel infrastructure, particularly in Europe where green hydrogen initiatives are gaining momentum.
Hydrogen-Refueling-Solutions SA presents a high-risk, high-reward investment opportunity within the burgeoning hydrogen fuel sector. The company's focus on hydrogen refueling infrastructure aligns with global decarbonization trends, offering significant growth potential. However, the company's financials reveal challenges, including a net income of -€10.4 million and negative operating cash flow of -€16.1 million in the latest fiscal year. The high beta of 1.783 indicates substantial volatility, reflecting the speculative nature of the hydrogen market. Investors should weigh the company's first-mover advantage in hydrogen refueling against its current unprofitability and the capital-intensive nature of the industry. The absence of dividends further underscores the long-term, growth-oriented nature of this investment. Given the nascent stage of the hydrogen economy, ALHRS.PA may appeal to investors with a high-risk tolerance and a long-term horizon.
Hydrogen-Refueling-Solutions SA operates in a niche but increasingly competitive market as hydrogen gains traction as a clean energy alternative. The company's primary competitive advantage lies in its early-mover status and specialized expertise in hydrogen refueling infrastructure, particularly in France and Europe. However, the hydrogen refueling station market is becoming crowded with larger, well-capitalized players entering the space. The company's relatively small market cap of ~€56.4 million limits its ability to scale rapidly compared to deep-pocketed competitors. Its technology and market knowledge are strengths, but reliance on continued adoption of hydrogen vehicles—which lags behind battery-electric vehicles—poses a significant risk. The company's negative earnings and cash flow further constrain its competitive positioning, as it may struggle to invest in R&D and expansion compared to better-funded rivals. Strategic partnerships or government subsidies could enhance its competitive edge, but execution risks remain high in this capital-intensive sector.