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ALWTR.PA

Watera (ALWTR.PA) fair value

Industrials · Pollution & Treatment Controls · Euronext Paris · France
€0.93-5.10%
Market cap €16MUpdated Oct 22, 2026
Our verdict
Trades 33% above our fair value
Price
€0.93
Model fair valueConfidence: low
about €0.70
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a pre-revenue company: Analyst consensus.
ACCE opinionWatera (ALWTR.PA)
Fair value
Not available
ACCE price target
€1.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Price used: €0.93 at the close on 23 Oct 2026, 17:30 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
52
out of 100
P/E
9.3x
forward -1.5x
1-year return
+40.9%
Dividend yield
0.00%

Watera in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Watera (ALWTR.PA, Paris-listed, EUR 17M market cap) sells atmospheric water generation and water treatment units, which pull drinking-quality water out of humid air and treat it on site, so customers do not depend on mains supply or trucked deliveries. Revenue grew 46.4% in the period, which is the main thing to check: the business is scaling fast but is still far from profitable, with operating margin at -72.0% and ROE at -68.7%. The reported 284.8% gross margin and 9.8 trailing P/E look anomalous for a loss-making hardware seller, so they likely reflect one-off items or a small earnings base and should not be taken at face value. The catalysts to verify are order flow from water-stressed municipal and industrial buyers and whether losses narrow as volumes rise. At this size and with no index membership, the stock warrants a deeper look only if the margin and cash burn data hold up under review.

AI-assisted·How I use AIWritten Oct 23, 2026

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Valuation

INVESTOR
Where ALWTR.PA's valuation models land
Price
€0.93
Model fair valueConfidence: low
about €0.70
Model
Fair value
Upside
Analyst consensus
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-9.7%
1 month
-23.8%
3 months
-17.7%
6 months
-23.1%
YTD
+55.0%
1 year
+40.9%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:52 CESTACCE price target€1.00first publication€0.98

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in EUR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value49Quality47Momentum46Total52
Valuation
Trailing P/E
9.3x
Forward P/E
-1.5x
PEG
no data
P/B
2.82x
EV / Revenue
11.8x
Book value/sh
€0.40
Enterprise value
€21M
Profitability
ROE
-68.7%
FCF yield
-9.88%
ROIC
-20.7%
Health and risk
Debt / equity
0.13
Dividend yield
0.00%
Beta
-2.45

Price

+47.6% · 1Y

Ask anything about ALWTR.PA

Answered from Watera fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 50% of peers
low 0.0x9.3xhigh 88.0x
ROEbetter than 17% of peers
low -169%-69%high 12%
Div yieldbetter than 100% of peers
low 0.0%0.0%high 0.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
ALWTR.PA Watera€0.93--9.3x-68.7%4752
CLIR ClearSign Technologies Corporation Common Stock (DE)$2.45----51.7%3533
TOMZ TOMI Environmental Solutions Inc. Common Stock$1.44----168.8%2536
ALTUV.PA BIO-UV Group S.A.€0.89--88.0x0.5%5136
QAIR.ST QleanAir AB (publ)kr 18.25kr 3345% below10.6x11.8%5548
LIQT LiqTech International Inc. Common Stock$0.35----49.6%1722
CLWT Euro Tech Holdings Company Limited Common Stock$1.32--66.0x1.0%4242

Sector report card

Where ALWTR.PA ranks against its sector peers on each metric.

Computing percentiles…