What is ML System S.A.'s (MLS.WA) StockRank?

MoatMap's StockRank for ML System S.A. (MLS.WA) is 11/100, with a Strong Sell signal. This is a composite score combining Quality (11), Value (40), and Momentum (39) factor ranks across MoatMap's 20,000+ stock universe.

Does ML System S.A. have an economic moat?

ML System S.A. (MLS.WA) has a Quality factor score of 11/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is ML System S.A. a buy, hold, or sell?

MoatMap's current signal for ML System S.A. (MLS.WA) is Strong Sell, based on a StockRank of 11/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is ML System S.A. in?

ML System S.A. (MLS.WA) operates in the Technology sector, specifically the Solar industry (Poland).

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MLS.WA

STRONG SELLREMOVE

ML System S.A. · Technology · Poland · $29M · Avg Vol: $22K/d

StockRank

P/E (TTM)

—

ROE

-28.0%

D/E

1.7x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

ML System is a Polish building-integrated photovoltaics company. While it operates in the green energy space, its small scale, low quality metrics, and heavy reliance on European construction cycles make it a low-conviction play.

COMPANY DESCRIPTION

ML System S.A. is a pioneer and global leader in Building-Integrated Photovoltaics (BIPV), manufacturing solar glass and active building facades. The company holds numerous patents for transparent solar cells and nanotechnology coatings, creating a strong technological moat. Vertically integrated and highly innovative, ML System is uniquely positioned to benefit from European green building mandates and decarbonization trends.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	CAGR
Revenue	50.6M	75.4M	50.7M	43.5M	-4.9%
EPS	0.07	0.01	-0.59	-1.48	-88.9%
Shares	6.5M	6.5M	7.4M	7.4M	+13.8%
Debt	24.9M	31.8M	39.9M	35.8M	12.8%
Equity	39.1M	39.2M	50.1M	39.2M	0.1%
Op CF	2.7M	2.8M	1.7M	10.1M	54.4%
Inv CF	-14.8M	-12.3M	-46.0M	-2.7M	—
Fin CF	13.2M	10.1M	42.6M	-11.3M	—

PRICE (1Y)-5.6%

SMA 50SMA 200

$3.86

RSI (14)

31.0

52W High

$5.36

From 52W High

0.7%

SCORE BREAKDOWN

Quality

ROIC

-8.7%13.6

ROE

-28.0%7.1

GP/Assets

0.0%2.9

Op. Margin

-14.8%13.6

FCF/Assets

-1.9%31.7

Piotroski

419.5

Int. Cover

-3.0x18.5

D/E Ratio

1.67x5.7

Current Ratio

0.46x1.3

Value

P/E (TTM)

—N/A

EV/EBITDA

-249.2x25.0

P/FCF

—N/A

P/B

1.0x87.8

P/S

0.8x84.7

Div Yield

—N/A

Momentum

52W High %

72%48.9

RS 6M

-14%52.4

SMA 50/200

0.96x32.8

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$29M

P/E (Forward)

—

Gross Margin

0.2%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of MLS.WA are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
MLS.WA	ML System S.A.(you)	$29M	11	STRONG SELL
SNX.WA	Sunex S.A.	$16M	12	STRONG SELL
CLC.WA	Columbus Energy S.A.	$52M	4	STRONG SELL
QNA.WA	QNATECHNO	$34M	11	STRONG SELL
NCL.WA	NOCTILUCA	$53M	14	STRONG SELL
XTP.WA	XTPL S.A.	$51M	3	STRONG SELL
CRM.WA	PZ Cormay S.A.	$12M	30	SELL
ATD.WA	Atende S.A.	$36M	51	HOLD
VGO.WA	VIGO Photonics S.A.	$123M	27	SELL
SCW.WA	SCANWAY	$139M	26	SELL

Peer medians: ROE 14.3% · P/E 15.9x · Gross margin 28.1%

ML System S.A. (MLS.WA) — Stock Score Summary

ML System S.A. (MLS.WA) has a MoatMap StockRank of 11/100 based on Quality (11/100), Value (40/100), and Momentum (39/100) factor scores. The current signal is STRONG SELL. ML System is a Polish building-integrated photovoltaics company. While it operates in the green energy space, its small scale, low quality metrics, and heavy reliance on European construction cycles make it a low-conviction play.

Key Financial Metrics

Price	$3.86
Market Cap	$29M
Price/Book	1.00
Return on Equity	-28.0%
Return on Invested Capital	-8.7%
Debt/Equity	166.89
Gross Margin	0.2%
Operating Margin	-14.8%
Revenue Growth	89.9%
Free Cash Flow	$-3M

ML System S.A. operates in the Solar industry, part of the Technology sector (Poland).

Frequently Asked Questions

What is ML System S.A.’s (MLS.WA) StockRank?: MoatMap’s StockRank for ML System S.A. (MLS.WA) is 11/100, with a Strong Sell signal. It is a composite of Quality (11), Value (40), and Momentum (39) factor ranks across MoatMap’s 20,000+ stock universe.
Does ML System S.A. have an economic moat?: ML System S.A. (MLS.WA) has a Quality factor score of 11/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is ML System S.A. a buy, hold, or sell?: MoatMap’s current signal for ML System S.A. (MLS.WA) is Strong Sell, based on a StockRank of 11/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is ML System S.A. in?: ML System S.A. (MLS.WA) operates in the Technology sector, specifically the Solar industry (Poland).