Stock data
| Market cap. | €42.8m |
| Last close | €8.75 |
| High / Low (52 weeks) | €17.7 / €5.7 |
| Stock market listing | Alternext |
| Forecast net debt (€m) | 0.2 |
| Forecast gearing ratio (%) | 9 |
| Team | Industrials |
| Sector | Alternative Energy |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (15.0485) | (10.0719) | (0.5682) |
| Relative * | (10.8349) | (1.0372) | 27.0031 |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (€m) | EBITDA (€m) | PBT (€m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.6 | (2.4) | (2.5) | N/A | N/A | N/A |
| 2011A | 0.6 | (3.8) | (3.9) | (67.3) | N/A | N/A |
| 2012E | 0.7 | (3.6) | (3.9) | (69.1) | N/A | N/A |
| 2013E | 1.5 | (3.0) | (3.3) | (39.5) | N/A | N/A |
Last updated on 19/04/2012
Latest research
Biofuel progression
Update | Alternative Energy | 22/02/2012
Progress pays
Update | Alternative Energy | 21/09/2011
Project progress
Update | Alternative Energy | 03/06/2011
Advanced biofuels
Outlook | Alternative Energy | 04/05/2011
Investment summary
Deinove's results for 2011 showed a loss before tax of €3.9m (Edison forecast loss of €3.7m). Marginally higher operating expenses compared to our estimate, in part due to additional research staff, contributed to the larger loss. Deinove also reported a net financial position of €8.9m and expects to receive a further €3.2m in milestone payments from OSEO, providing sufficient cash resources to fund the company until 2013. Further milestone payments would help provide not only additional funds, but external validation of Deinove's progress, in addition to that of Deinove's recent award of innovative company status by OSEO. Our discounted cash-flow analysis (using a 20% discount factor) suggests the market is assuming c 25-30% probability of success for Deinove’s project.
Last updated on 23/04/2012
Industry outlook
Environmentalism and security of energy supply will continue to underpin support for renewable technology. We believe second-generation biofuels will grow rapidly in the next 20 years.
Last updated on 23/04/2012
Key management
| Dr Philippe Pouletty, Chairman |
| Alain Chevallier, CFO |
Company address
| 4 rue Tesson 75010 Paris France View website |
