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ATEB.BR$1.80-0.55%
Fair $1.80+0.0%

ATEB.BR

Atenor SA

Real Estate / Real Estate - DevelopmentBrussels

$1.80

-0.01 (-0.55%)

Fairly Valued+0.0%Fair Value $1.80Fund rank 20/100 · Data gapFallback financials|
SA 18/F
F-Score: 2/9
High DebtLow Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 0.0/100

Data gap 20/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 11/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

18/100

F

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Debt-to-Equity ratio is 2.82, above the 2.0 threshold ROE is -67.3%, below the 5% threshold
Thesis & Journal · ATEB.BRLocal privado en este navegador · Atenor SA
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$109M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-67.3%

↓

Gross Margin

-3.0%

↓

Debt/Equity

2.82

↑
52-Week Range$2
$2$4

TradingView lightweight chart

ATEB.BR price, volumen y niveles de valoración

Último $1.800Periodo -84.7%
Fair value: $1.800

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+55.7%

FCF CAGR

—

FCF margin

16.1%

FCF / Net income

-0.18x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $154.9M · net income $-138.7M · FCF $24.9M

2022-FY → 2025-FY

Gross margin

-3.0%-19.0% pts

Operating margin

-7.3%-7.5% pts

Net margin

-89.6%-87.5% pts

FCF margin

16.1%+407.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$154.9M$154.9M$333.0M$85.4M$41.0M
Net Income$-138.7M$-138.7M$-39.4M$-107.1M$-843000.00
EBITDA$-103.0M$-103.0M$10.2M$-12.8M$17.7M
EPS-2.40-2.40-0.90-10.60-0.07
Gross Margin-3.0%-3.0%10.4%-1.1%16.0%
Operating Margin-7.3%-7.3%8.7%-16.1%0.3%
Net Margin-89.6%-89.6%-11.8%-125.4%-2.1%
Balance Sheet
Debt/Equity2.822.822.502.523.29
Current Ratio1.951.95———
Cash Flow
Free Cash Flow$24.9M$24.9M$161.7M$-100.9M$-160.4M
Returns
ROE-67.3%-67.3%-13.6%-31.2%-0.3%
Valuation
EV/EBITDA——80.26—68.23
P/B0.500.500.520.201.25
Growth & Yield
Revenue Growth-53.5%-53.5%289.9%108.3%—
EPS Growth-166.7%-166.7%91.5%-14366.1%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -35.0%

Total return

-35.0%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.90 → -2.40

Residual

-35.0%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-35.0%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.