olivLaw · European equity research
Qualco Group Α.ε. QLCO.AT
Greece · Athens Stock Exchange · ISIN GRS543003008 · Vertical: Listed companies from Greece
At the close of 05 Nov 2026, Qualco Group Α.ε. (QLCO.AT) stock was 5.98 EUR (−0.66% on the day), with market capitalisation 351.6 m EUR, beta 0.55, 52-week range 5.21–6.68 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 46.3
- neutral
- Bollinger (20, 2)
- 5.95 – 6.11
- in the lower half of the band · %B 0.19 · band width 2.7%
- SMA 50 / 200
- 6.03 / 5.86
- mixed trend
- MACD (12, 26, 9)
- -0.01 / -0.00
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.7% | +0.4% | −4.1 pp | — |
| 3 months | +4.7% | −3.3% | +8.0 pp | — |
| 6 months | +3.1% | +4.0% | −0.9 pp | — |
| Year to date | −8.7% | +8.1% | −16.8 pp | — |
| 1 year | +11.7% | +10.7% | +1.0 pp | +0.9% |
| 3 years | unavailable | +50.1% | unavailable | +35.3% |
| 5 years | unavailable | +43.6% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 | 2025 |
|---|---|---|
| Revenue | 183.8 m | 215.7 m |
| Revenue YoY | unavailable | +17.4% |
| Net income | 15.3 m | 234.0 k |
| Net income YoY | unavailable | −98.5% |
| Diluted EPS | 0.26 | 0.00 |
| Diluted EPS YoY | unavailable | −100.0% |
| net % | 8.3% | 0.1% |
| Free cash flow | 9.1 m | 13.2 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 55.1 m EUR
- Financial debt
- 68.9 m EUR
- Net debt
- 13.8 m EUR
- Equity
- 106.8 m EUR
- Total assets
- 289.4 m EUR
- Debt / equity
- 0.65x
- Current ratio
- 1.38x
- ROE
- 0.3%
- ROA
- 0.1%
- FCF margin
- 6.1%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Revenue | 183.8 m | 215.7 m | esef· 23 Oct 2026verified |
| Cost of revenue | 96.8 m | 120.4 m | esef· 23 Oct 2026verified |
| Gross profit | 87.0 m | 95.3 m | esef· 23 Oct 2026verified |
| Operating income | 26.0 m | 23.4 m | esef· 23 Oct 2026verified |
| Interest expense | 3.3 m | 5.3 m | esef· 23 Oct 2026verified |
| Pre-tax income | 22.9 m | 15.7 m | esef· 23 Oct 2026verified |
| Income tax | 7.3 m | 6.2 m | esef· 23 Oct 2026verified |
| Net income | 15.3 m | 234.0 k | esef· 23 Oct 2026verified |
| Diluted EPS | 0.26 | 0.00 | esef· 23 Oct 2026verified |
Balance sheet · EUR
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Cash | 13.0 m | 55.1 m | esef· 23 Oct 2026verified |
| Inventories | 103.0 k | 80.0 k | esef· 23 Oct 2026verified |
| Current assets | 78.5 m | 149.0 m | esef· 23 Oct 2026verified |
| Property, plant & equipment, net | 16.6 m | 17.7 m | esef· 23 Oct 2026verified |
| Goodwill | 5.6 m | 19.8 m | esef· 23 Oct 2026verified |
| Intangibles (excl. goodwill) | 28.0 m | 43.6 m | esef· 23 Oct 2026verified |
| Total assets | 172.2 m | 289.4 m | esef· 23 Oct 2026verified |
| Short-term debt | 12.3 m | 27.4 m | esef· 23 Oct 2026verified |
| Long-term debt | 24.7 m | 41.5 m | esef· 23 Oct 2026verified |
| Current liabilities | 73.8 m | 108.1 m | esef· 23 Oct 2026verified |
| Total liabilities | 121.8 m | 182.6 m | esef· 23 Oct 2026verified |
| Equity | 50.4 m | 106.8 m | esef· 23 Oct 2026verified |
| Shares outstanding at year end | 58.8 m | — | esef· 23 Oct 2026derived |
Cash flow · EUR
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | 11.6 m | 16.7 m | esef· 23 Oct 2026verified |
| Capex | 2.5 m | 3.5 m | esef· 23 Oct 2026verified |
| Free cash flow | 9.1 m ≈ | 13.2 m ≈ | esef· 23 Oct 2026derived |
| Investing cash flow | -22.9 m | -37.9 m | esef· 23 Oct 2026verified |
| Financing cash flow | 914.0 k | 62.1 m | esef· 23 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 351.6 m EUR
Key indicators
Coverage and freshness
Score by group
42% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 5.20 – 8.92 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)5.20 – 8.92 (Mid 6.56)WACC 7.6% · starting FCFF 16.4 m EUR · terminal value share of EV 78%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 10.8%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 14.6% | 78 (vs peers) | 25% |
| Net margin · Quality | 0.1% | 18 (vs peers) | 15% |
| FCF conversion · Quality | 5,641.5% | 100 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 4.4x | 45 (on a fixed band) | 15% |
| Current ratio · Balance sheet | 1.4x | 48 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 3.8% | 47 (on a fixed band) | 20% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet46/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality68/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial47/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
QUALCO GROUP Α.Ε. (QLCO.AT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 215.7 m EUR in 2025; YoY growth 17.4%; net margin 0.1%; ROE 0.3%.
The estimated value range is 5.20–8.92 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 6.56 EUR, the price of 5.98 EUR leaves a potential of 9.8% (value / price − 1) and a margin of safety of 8.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 14.6%
- FCF conversion: 5,641.5%
What contradicts it
- Net margin: 0.1%
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Greece · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EUROB.ATΤραπεζα Eurobank Ανωνυμη Eταιρεια | 17.3 bn | 12.7 | 14.0% | 39.7% | +2.7% | +38% / +178% |
| ETE.ATΕθνικη Τραπεζα Της Ελλαδος Α.ε. | 15.2 bn | 13.1 | 13.3% | 42.5% | −5.4% | +24% / +167% |
| ELPE.ATHelleniq Energy Ανωνυμη Εταιρεια Συμμετοχων | 4.9 bn | 28.5 | 6.4% | 1.5% | −9.0% | +97% / +114% |
| CENER.ATCenergy Holdings | 4.5 bn | 23.5 | 24.3% | 9.4% | +14.7% | +45% / +207% |
| BELA.ATJumbo Ανωνυμη Εμπορικη Εταιρεια | 3.7 bn | 11.6 | 21.5% | 26.0% | +7.2% | +1% / +15% |
| AKTR.ATΑκtor Ανώνυμη Εταιρεία Συμμετοχών, Τεχνικών Και Ενεργειακών Έργων | 2.0 bn | 110.5 | 6.7% | 1.3% | +11.2% | +7% / +186% |
| EYDAP.ATΕταιρια Υδρευσεως Και Αποχετευσεως Πρωτευουσης Ανωνυμη Εταιρια | 1.5 bn | — | -2.6% | -5.9% | −2.4% | +86% / +136% |
| ELHA.ATEλβαλχαλκορ Ελληνικη Βιομηχανια Χαλκου Και Αλουμινιου Ανωνυμος Εταιρεια | 1.3 bn | 12.4 | 9.8% | 2.9% | +5.1% | +6% / +83% |
| AEGN.ATΑεροπορια Αιγαιου Ανωνυμη Αεροπορικη Εταιρεια | 1.0 bn | 6.9 | 27.7% | 7.9% | +4.6% | −21% / −1% |
| AVAX.ATΑβαξ Ανωνυμη Εταιρεια Εργοληπτικη-Τουριστικη-Εμπορικη-Βιομηχανικη-Οικοδομικων Υλικων & Μηχανηματων | 505.7 m | 10.7 | 25.9% | 5.0% | +47.1% | +40% / +123% |
| BYLOT.ATBally's Intralot Α.ε. | 464.8 m | 15.3 | -9.3% | -12.6% | +34.8% | +12% / +18% |
| ELLAKTOR.ATΕλλακτωρ Ανωνυμη Εταιρεια | 421.5 m | 2.7 | 26.1% | 175.2% | −74.8% | −32% / −44% |
| AEM.ATAlter Ego Media Α.ε. | 356.1 m | 18.1 | 18.3% | 14.0% | +12.6% | −2% / unavailable |
| QLCO.ATQualco Group Α.ε. | 351.6 m | — | 0.3% | 0.1% | +17.4% | +7% / unavailable |
| ALMY.ATΑλουμυλ Βιομηχανια Αλουμινιου Αε | 324.0 m | 10.5 | 23.5% | 6.0% | +11.7% | +16% / +121% |
| DIMAND.ATDimand Ανωνυμη Εταιρεια Αξιοποιησης Και Εκμεταλλευσης Ακινητων Και Κατασκευων Υπηρεσιων Και Συμμετοχων | 266.7 m | 7.6 | 18.5% | 58.5% | +110.6% | +42% / +28% |
| EYAPS.ATΕταιρεια Υδρευσης & Αποχετευσης Θεσσαλονικης Α.ε. | 169.9 m | 22.0 | 4.1% | 8.8% | +2.4% | +24% / +42% |
| EVR.ATΕυρώπη Holdings Α.ε. | 168.6 m | 37.2 | 2.9% | 30.7% | +435.3% | −32% / +33% |
| BRIQ.ATBriq Properties Ανωνυμη Εταιρεια Επενδυσεων Σε Ακινητη Περιουσια | 150.0 m | 5.9 | 15.5% | 116.9% | +37.8% | +13% / +70% |
| FAIS.ATΦαις Συμμετοχων Ανωνυμη Εταιρεια | 117.2 m | 8.7 | 22.1% | 6.3% | +12.9% | −6% / unavailable |
| DAIOS.ATΔαϊος Πλαστικα Ανωνυμη Βιομηχανικη Εμπορικη Εταιρεια Α.ε. | 107.2 m | 10.9 | 14.0% | 15.6% | +9.1% | 0% / +123% |
| ASTAK.ATAlpha Real Estate Services Ae | 93.3 m | 12.4 | 10.4% | 30.3% | +22.4% | −8% / −8% |
| ASCO.ATA.s. Εμπορικη-Βιομηχανικη Εταιρια Η/υ & Παιχνιδιων Α.ε. | 59.8 m | 10.5 | 14.1% | 15.8% | +16.4% | +11% / +106% |
| AVE.ATAve Α.ε. | 50.9 m | — | -25.2% | -7.4% | +8.2% | −7% / −12% |
| ELTON.ATΕλτον Διεθνους Εμποριου Ανωνυμη Εμπορικη Βιομηχανικη Εταιρεια | 47.3 m | 13.9 | 4.9% | 1.9% | +8.6% | −11% / −18% |
1- and 3-year price returns: for QLCO.AT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.03 Total return -99% · Per year -99% | 0.06 Total return -99% · Per year -99% | 0.08 Total return -99% · Per year -99% |
| 3 years | 0.04 Total return -99% · Per year -82% | 0.07 Total return -99% · Per year -77% | 0.12 Total return -98% · Per year -73% |
| 5 years | 0.04 Total return -99% · Per year -63% | 0.10 Total return -98% · Per year -56% | 0.17 Total return -97% · Per year -51% |
- Exit P/E± 0.02
- Net margin± 0.01
- Annual revenue growth± 0.01
- Annual dilution± 0.00
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202523 Oct 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.