ALMAWAVE SPA (AIW.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:AIW • IT0005434615
4.29 EUR
0 (-0.12%)
Last: Dec 15, 2025, 07:00 PM
AIW gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 115 industry peers in the Software industry. Both the profitability and the financial health of AIW get a neutral evaluation. Nothing too spectacular is happening here. AIW has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- AIW had positive earnings in the past year.
- AIW had a positive operating cash flow in the past year.
- AIW had positive earnings in each of the past 5 years.
- In the past 5 years AIW always reported a positive cash flow from operatings.
1.2 Ratios
- AIW has a Return On Assets (5.88%) which is in line with its industry peers.
- AIW has a Return On Equity (9.81%) which is in line with its industry peers.
- AIW has a Return On Invested Capital (0.26%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for AIW is significantly below the industry average of 13.49%.
- The last Return On Invested Capital (0.26%) for AIW is well below the 3 year average (6.25%), which needs to be investigated, but indicates that AIW had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.88% | ||
| ROE | 9.81% | ||
| ROIC | 0.26% |
ROA(3y)6.47%
ROA(5y)5.41%
ROE(3y)10.83%
ROE(5y)11.21%
ROIC(3y)6.25%
ROIC(5y)7.38%
1.3 Margins
- The Profit Margin of AIW (16.46%) is better than 68.97% of its industry peers.
- AIW's Profit Margin has improved in the last couple of years.
- AIW's Operating Margin of 0.64% is in line compared to the rest of the industry. AIW outperforms 44.83% of its industry peers.
- AIW's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 52.61%, AIW is doing worse than 66.38% of the companies in the same industry.
- In the last couple of years the Gross Margin of AIW has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.64% | ||
| PM (TTM) | 16.46% | ||
| GM | 52.61% |
OM growth 3Y-24.27%
OM growth 5Y-20.53%
PM growth 3Y18.54%
PM growth 5Y12.74%
GM growth 3Y-2.82%
GM growth 5Y-2.82%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AIW is destroying value.
- AIW has more shares outstanding than it did 1 year ago.
- AIW has more shares outstanding than it did 5 years ago.
- AIW has a better debt/assets ratio than last year.
2.2 Solvency
- AIW has an Altman-Z score of 2.83. This is not the best score and indicates that AIW 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 2.83, AIW is in line with its industry, outperforming 52.59% of the companies in the same industry.
- A Debt/Equity ratio of 0.04 indicates that AIW is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.04, AIW belongs to the top of the industry, outperforming 81.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.83 |
ROIC/WACC0.03
WACC8.51%
2.3 Liquidity
- AIW has a Current Ratio of 1.44. This is a normal value and indicates that AIW is financially healthy and should not expect problems in meeting its short term obligations.
- AIW has a Current ratio (1.44) which is in line with its industry peers.
- AIW has a Quick Ratio of 1.44. This is a normal value and indicates that AIW is financially healthy and should not expect problems in meeting its short term obligations.
- AIW has a Quick ratio (1.44) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
- The earnings per share for AIW have decreased by -5.73% in the last year.
- The Earnings Per Share has been growing by 29.38% on average over the past years. This is a very strong growth
- Looking at the last year, AIW shows a very negative growth in Revenue. The Revenue has decreased by -12.68% in the last year.
- Measured over the past years, AIW shows a quite strong growth in Revenue. The Revenue has been growing by 18.14% on average per year.
EPS 1Y (TTM)-5.73%
EPS 3Y30.66%
EPS 5Y29.38%
EPS Q2Q%-42.86%
Revenue 1Y (TTM)-12.68%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-10.46%
3.2 Future
- Based on estimates for the next years, AIW will show a small growth in Earnings Per Share. The EPS will grow by 7.30% on average per year.
- Based on estimates for the next years, AIW will show a quite strong growth in Revenue. The Revenue will grow by 13.96% on average per year.
EPS Next Y17.65%
EPS Next 2Y16.32%
EPS Next 3Y7.3%
EPS Next 5YN/A
Revenue Next Year14%
Revenue Next 2Y14.02%
Revenue Next 3Y13.96%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 16.50 indicates a correct valuation of AIW.
- Based on the Price/Earnings ratio, AIW is valued cheaply inside the industry as 86.21% of the companies are valued more expensively.
- AIW's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.30.
- AIW is valuated rather expensively with a Price/Forward Earnings ratio of 18.47.
- AIW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AIW is cheaper than 73.28% of the companies in the same industry.
- AIW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.5 | ||
| Fwd PE | 18.47 |
4.2 Price Multiples
- 61.21% of the companies in the same industry are more expensive than AIW, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.29 |
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.
PEG (NY)0.93
PEG (5Y)0.56
EPS Next 2Y16.32%
EPS Next 3Y7.3%
5. Dividend
5.1 Amount
- No dividends for AIW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
ALMAWAVE SPA / AIW.MI FAQ
What is the ChartMill fundamental rating of ALMAWAVE SPA (AIW.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to AIW.MI.
What is the valuation status for AIW stock?
ChartMill assigns a valuation rating of 4 / 10 to ALMAWAVE SPA (AIW.MI). This can be considered as Fairly Valued.
Can you provide the profitability details for ALMAWAVE SPA?
ALMAWAVE SPA (AIW.MI) has a profitability rating of 5 / 10.
What are the PE and PB ratios of ALMAWAVE SPA (AIW.MI) stock?
The Price/Earnings (PE) ratio for ALMAWAVE SPA (AIW.MI) is 16.5 and the Price/Book (PB) ratio is 1.64.
Can you provide the expected EPS growth for AIW stock?
The Earnings per Share (EPS) of ALMAWAVE SPA (AIW.MI) is expected to grow by 17.65% in the next year.