EUROTECH SPA (ETH.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:ETH • IT0003895668

0.873 EUR

-0.02 (-1.8%)

Last: Jan 30, 2026, 05:19 PM

Fundamental Rating

We assign a fundamental rating of 3 out of 10 to ETH. ETH was compared to 31 industry peers in the Technology Hardware, Storage & Peripherals industry. ETH has a bad profitability rating. Also its financial health evaluation is rather negative. ETH does not seem to be growing, but still is valued expensively.

Quickly go to:

1. Profitability

1.1 Basic Checks

In the past year ETH has reported negative net income.
In the past year ETH had a positive cash flow from operations.
ETH had negative earnings in 4 of the past 5 years.
Of the past 5 years ETH 4 years had a positive operating cash flow.

1.2 Ratios

Looking at the Return On Assets, with a value of -35.93%, ETH is doing worse than 90.32% of the companies in the same industry.
Looking at the Return On Equity, with a value of -68.17%, ETH is doing worse than 74.19% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	-35.93%
ROE	-68.17%
ROIC	N/A

ROA(3y)N/A

ROA(5y)N/A

ROE(3y)N/A

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

ETH has a better Gross Margin (59.89%) than 87.10% of its industry peers.
In the last couple of years the Gross Margin of ETH has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for ETH so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	59.89%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y2.64%

GM growth 5Y1.02%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

2. Health

2.1 Basic Checks

ETH does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ETH has been increased compared to 5 years ago.

2.2 Solvency

Based on the Altman-Z score of -0.55, we must say that ETH is in the distress zone and has some risk of bankruptcy.
ETH has a worse Altman-Z score (-0.55) than 80.65% of its industry peers.
ETH has a debt to FCF ratio of 4.88. This is a neutral value as ETH would need 4.88 years to pay back of all of its debts.
ETH's Debt to FCF ratio of 4.88 is fine compared to the rest of the industry. ETH outperforms 61.29% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that ETH is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.37, ETH is doing good in the industry, outperforming 61.29% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.37
Debt/FCF	4.88
Altman-Z	-0.55

ROIC/WACCN/A

WACC8.54%

2.3 Liquidity

A Current Ratio of 1.25 indicates that ETH should not have too much problems paying its short term obligations.
ETH has a Current ratio of 1.25. This is comparable to the rest of the industry: ETH outperforms 45.16% of its industry peers.
ETH has a Quick Ratio of 1.25. This is a bad value and indicates that ETH is not financially healthy enough and could expect problems in meeting its short term obligations.
ETH's Quick ratio of 0.66 is on the low side compared to the rest of the industry. ETH is outperformed by 87.10% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.25
Quick Ratio	0.66

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

ETH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -329.74%.
The Revenue for ETH has decreased by -64.61% in the past year. This is quite bad
ETH shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.33% yearly.

EPS 1Y (TTM)-329.74%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-95.7%

Revenue 1Y (TTM)-64.61%

Revenue growth 3Y-2.17%

Revenue growth 5Y-10.33%

Sales Q2Q%-23.78%

3.2 Future

Based on estimates for the next years, ETH will show a very strong growth in Earnings Per Share. The EPS will grow by 29.04% on average per year.
Based on estimates for the next years, ETH will show a quite strong growth in Revenue. The Revenue will grow by 8.04% on average per year.

EPS Next Y27.59%

EPS Next 2Y36.46%

EPS Next 3Y29.04%

EPS Next 5YN/A

Revenue Next Year-8.2%

Revenue Next 2Y6.69%

Revenue Next 3Y8.04%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

ETH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ETH. No positive earnings are expected for the next year.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ETH is valued cheaply inside the industry as 96.77% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ETH indicates a rather cheap valuation: ETH is cheaper than 90.32% of the companies listed in the same industry.