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CLOUDIA RESEARCH SPA (AGAIN.MI) Stock Fundamental Analysis

BIT:AGAIN - Euronext Milan - IT0005577090 - Common Stock - Currency: EUR

1.68  -0.22 (-11.58%)

Fundamental Rating

5

AGAIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 71 industry peers in the IT Services industry. AGAIN has only an average score on both its financial health and profitability. AGAIN is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

AGAIN had positive earnings in the past year.
AGAIN had a positive operating cash flow in the past year.
AGAIN.MI Yearly Net Income VS EBIT VS OCF VS FCFAGAIN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 1M -1M

1.2 Ratios

AGAIN has a better Return On Assets (5.80%) than 71.83% of its industry peers.
AGAIN's Return On Equity of 10.66% is in line compared to the rest of the industry. AGAIN outperforms 46.48% of its industry peers.
AGAIN has a worse Return On Invested Capital (4.34%) than 66.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AGAIN is above the industry average of 11.04%.
The 3 year average ROIC (13.42%) for AGAIN is well above the current ROIC(4.34%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 5.8%
ROE 10.66%
ROIC 4.34%
ROA(3y)9.28%
ROA(5y)N/A
ROE(3y)28.64%
ROE(5y)N/A
ROIC(3y)13.42%
ROIC(5y)N/A
AGAIN.MI Yearly ROA, ROE, ROICAGAIN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

The Profit Margin of AGAIN (8.19%) is better than 84.51% of its industry peers.
In the last couple of years the Profit Margin of AGAIN has grown nicely.
AGAIN has a Operating Margin of 5.88%. This is comparable to the rest of the industry: AGAIN outperforms 47.89% of its industry peers.
In the last couple of years the Operating Margin of AGAIN has declined.
AGAIN's Gross Margin of 71.04% is fine compared to the rest of the industry. AGAIN outperforms 60.56% of its industry peers.
AGAIN's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 5.88%
PM (TTM) 8.19%
GM 71.04%
OM growth 3Y-2.97%
OM growth 5YN/A
PM growth 3Y16.29%
PM growth 5YN/A
GM growth 3Y-4.58%
GM growth 5YN/A
AGAIN.MI Yearly Profit, Operating, Gross MarginsAGAIN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 20 40 60 80

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AGAIN is still creating some value.
Compared to 1 year ago, AGAIN has more shares outstanding
Compared to 1 year ago, AGAIN has an improved debt to assets ratio.
AGAIN.MI Yearly Shares OutstandingAGAIN.MI Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 1M 2M 3M 4M 5M
AGAIN.MI Yearly Total Debt VS Total AssetsAGAIN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2M 4M 6M 8M

2.2 Solvency

AGAIN has an Altman-Z score of 2.52. This is not the best score and indicates that AGAIN is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.52, AGAIN is in line with its industry, outperforming 52.11% of the companies in the same industry.
A Debt/Equity ratio of 0.22 indicates that AGAIN is not too dependend on debt financing.
AGAIN has a Debt to Equity ratio of 0.22. This is in the better half of the industry: AGAIN outperforms 69.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF N/A
Altman-Z 2.52
ROIC/WACC0.34
WACC12.9%
AGAIN.MI Yearly LT Debt VS Equity VS FCFAGAIN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 2M 4M

2.3 Liquidity

A Current Ratio of 1.90 indicates that AGAIN should not have too much problems paying its short term obligations.
The Current ratio of AGAIN (1.90) is better than 87.32% of its industry peers.
AGAIN has a Quick Ratio of 1.90. This is a normal value and indicates that AGAIN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.90, AGAIN belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.9
Quick Ratio 1.9
AGAIN.MI Yearly Current Assets VS Current LiabilitesAGAIN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 1M 2M 3M 4M 5M

7

3. Growth

3.1 Past

The earnings per share for AGAIN have decreased strongly by -27.26% in the last year.
Measured over the past years, AGAIN shows a very strong growth in Earnings Per Share. The EPS has been growing by 57.26% on average per year.
AGAIN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.21%.
AGAIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 45.87% yearly.
EPS 1Y (TTM)-27.26%
EPS 3Y57.26%
EPS 5YN/A
EPS Q2Q%-61.99%
Revenue 1Y (TTM)13.21%
Revenue growth 3Y45.87%
Revenue growth 5YN/A
Sales Q2Q%20.21%

3.2 Future

AGAIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.50% yearly.
Based on estimates for the next years, AGAIN will show a quite strong growth in Revenue. The Revenue will grow by 17.69% on average per year.
EPS Next Y60.03%
EPS Next 2Y44.92%
EPS Next 3Y27.23%
EPS Next 5Y28.5%
Revenue Next Year32.26%
Revenue Next 2Y19.14%
Revenue Next 3Y17.36%
Revenue Next 5Y17.69%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
AGAIN.MI Yearly Revenue VS EstimatesAGAIN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 5M 10M 15M
AGAIN.MI Yearly EPS VS EstimatesAGAIN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2028 0.1 0.2 0.3 0.4 0.5

6

4. Valuation

4.1 Price/Earnings Ratio

AGAIN is valuated correctly with a Price/Earnings ratio of 14.00.
77.46% of the companies in the same industry are more expensive than AGAIN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of AGAIN to the average of the S&P500 Index (26.48), we can say AGAIN is valued slightly cheaper.
With a Price/Forward Earnings ratio of 5.14, the valuation of AGAIN can be described as very cheap.
AGAIN's Price/Forward Earnings ratio is rather cheap when compared to the industry. AGAIN is cheaper than 92.96% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.04, AGAIN is valued rather cheaply.
Industry RankSector Rank
PE 14
Fwd PE 5.14
AGAIN.MI Price Earnings VS Forward Price EarningsAGAIN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

AGAIN's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.31
AGAIN.MI Per share dataAGAIN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AGAIN's earnings are expected to grow with 27.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y44.92%
EPS Next 3Y27.23%

0

5. Dividend

5.1 Amount

AGAIN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

CLOUDIA RESEARCH SPA

BIT:AGAIN (8/1/2025, 7:00:00 PM)

1.68

-0.22 (-11.58%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners14.77%
Inst Owner ChangeN/A
Ins Owners41.2%
Ins Owner ChangeN/A
Market Cap8.75M
Analysts84.44
Price Target5.5 (227.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 14
Fwd PE 5.14
P/S 1.28
P/FCF N/A
P/OCF 15.87
P/B 1.66
P/tB 2.89
EV/EBITDA 8.31
EPS(TTM)0.12
EY7.14%
EPS(NY)0.33
Fwd EY19.47%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.11
OCFY6.3%
SpS1.32
BVpS1.01
TBVpS0.58
PEG (NY)0.23
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.8%
ROE 10.66%
ROCE 5.79%
ROIC 4.34%
ROICexc 5.26%
ROICexgc 8.62%
OM 5.88%
PM (TTM) 8.19%
GM 71.04%
FCFM N/A
ROA(3y)9.28%
ROA(5y)N/A
ROE(3y)28.64%
ROE(5y)N/A
ROIC(3y)13.42%
ROIC(5y)N/A
ROICexc(3y)16.46%
ROICexc(5y)N/A
ROICexgc(3y)20.34%
ROICexgc(5y)N/A
ROCE(3y)17.89%
ROCE(5y)N/A
ROICexcg growth 3Y-5.56%
ROICexcg growth 5YN/A
ROICexc growth 3Y-19.06%
ROICexc growth 5YN/A
OM growth 3Y-2.97%
OM growth 5YN/A
PM growth 3Y16.29%
PM growth 5YN/A
GM growth 3Y-4.58%
GM growth 5YN/A
F-Score4
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF N/A
Debt/EBITDA 1.06
Cap/Depr 298.29%
Cap/Sales 30%
Interest Coverage 250
Cash Conversion 50.47%
Profit Quality N/A
Current Ratio 1.9
Quick Ratio 1.9
Altman-Z 2.52
F-Score4
WACC12.9%
ROIC/WACC0.34
Cap/Depr(3y)372.34%
Cap/Depr(5y)N/A
Cap/Sales(3y)28.85%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.26%
EPS 3Y57.26%
EPS 5YN/A
EPS Q2Q%-61.99%
EPS Next Y60.03%
EPS Next 2Y44.92%
EPS Next 3Y27.23%
EPS Next 5Y28.5%
Revenue 1Y (TTM)13.21%
Revenue growth 3Y45.87%
Revenue growth 5YN/A
Sales Q2Q%20.21%
Revenue Next Year32.26%
Revenue Next 2Y19.14%
Revenue Next 3Y17.36%
Revenue Next 5Y17.69%
EBIT growth 1Y-47.46%
EBIT growth 3Y41.54%
EBIT growth 5YN/A
EBIT Next Year108.4%
EBIT Next 3Y44.28%
EBIT Next 5Y38.86%
FCF growth 1Y10.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-59.03%
OCF growth 3YN/A
OCF growth 5YN/A