AlphaValue Corporate Services Fundamental Analysis FR
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This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Ecoslops

CR
Bloomberg   ALESA FP
Other Energies  /  France  Web Site   |   Investors Relation
The cleantech making oil residues green
Pros
  • Ecoslops makes intelligent, green and above all profitable use of wasted oil products (slops) through its proprietary pocket-size refinery technology
  • Successful first Portuguese unit is a significant FCF generator two years after launch and supports the case for more similar units (two in progress in Marseille and Antwerp)
  • Pint-size slops treatment unit (in a TEU container) to be prototyped this year opens extra market potential
Cons
  • Ecoslops is still a young firm and will need fresh equity even if it hopes to rely on project financing ultimately
  • Business model for extra small units has yet to be ascertained
  • Green credentials are obvious but difficult to encapsulate in usual carbon metrics
Updates
27/09/19 EarningsRemarkable operational performance as ...
26/09/19 EPSMinor adjustments to our estimates to: 1/ ...
14/06/19 EPSWe have adjusted our EPS estimates bas...
14/06/19 DCFThe DCF was impacted by a change in o...
17/04/19 TargetThe target price saw a slight improvemen...
17/04/19 EPSEPS estimates for 2019 were revised do...
17/04/19 NAVOur assumption for a possible capital incr...
17/04/19 DCFThe DCF is impacted by a 6-month push-...
09/04/19 EarningsOn the right course with clearer waters a...
02/04/19 LatestLa Mède Complex project gains steam wi...
18/02/19 Financing i...Avoided carbon gains speed
05/10/18 TargetThe target price hardly changes as it is b...
05/10/18 EPSThe strong underlying performance of H1...
05/10/18 DCFThe DCF is impacted by marginally highe...
05/10/18 EarningsStrong underlying operational delivery
17/07/18 TargetThe upgrade allows for final 2017 figures ...
17/07/18 EPS2017 earnings have been more than brea...
17/07/18 NAVThe NAV computation is now based on t...
17/07/18 DCFThe DCF has been revised to only allow f...
06/04/18 EarningsLighter, greener, richer
01/02/18 Earnings2017 brought strong business developme...
23/01/18 LatestEgypt: Memorandum of Understanding fo...
30/10/17 EPSEcoslops issued new equity to fund its d...
28/09/17 EarningsPositive EBITDA at Sines
12/09/17 LatestAgreement to deliver to Galp’s Sines refin...
05/07/17 LatestDoubling Sines' volumes; new mini-P2R ...
14/06/17 LatestMoU for the Antwerp micro-refinery
12/06/17 LatestSigning of the Marseilles project
23/05/17 EPSWe have integrated the H2 16 results. Th...
07/04/17 EarningsSines to reach operating profit in 2017; c...
16/03/17 LatestLetter of Intent with the Egyptian authoriti...
12/02/17 EarningsSines refining volumes 2016 in line with ...
01/12/16 LatestEcoslops wins ADEME SME initiative aw...
23/11/16 RegulationEcoslops to benefit from potential new gr...
08/11/16 The path to green-solving slops
Target
Upside 104%
Price (€) 11.5
Market Cap (€M) 50.6
Perf. 1W: 2.22%
Perf. 1M: -6.12%
Perf. 3M: -12.9%
Perf Ytd: -4.96%
10 day relative perf. to stoxx600: -5.85%
20 day relative perf. to stoxx600: -6.45%