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EUROTECH SPA (ETH.MI) Stock Fundamental Analysis

BIT:ETH - Euronext Milan - IT0003895668 - Common Stock - Currency: EUR

0.851  +0.01 (+1.19%)

Fundamental Rating

2

Overall ETH gets a fundamental rating of 2 out of 10. We evaluated ETH against 29 industry peers in the Technology Hardware, Storage & Peripherals industry. ETH may be in some trouble as it scores bad on both profitability and health. ETH has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

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.
In the past 5 years ETH reported 4 times negative net income.
ETH had a positive operating cash flow in 4 of the past 5 years.
ETH.MI Yearly Net Income VS EBIT VS OCF VS FCFETH.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M -20M -30M

1.2 Ratios

ETH has a worse Return On Assets (-32.46%) than 89.66% of its industry peers.
ETH has a worse Return On Equity (-59.60%) than 72.41% of its industry peers.
Industry RankSector Rank
ROA -32.46%
ROE -59.6%
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
ETH.MI Yearly ROA, ROE, ROICETH.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

1.3 Margins

ETH has a better Gross Margin (59.18%) than 86.21% of its industry peers.
ETH's Gross Margin has been stable in the last couple of years.
ETH does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 59.18%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.64%
GM growth 5Y1.02%
ETH.MI Yearly Profit, Operating, Gross MarginsETH.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

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1

2. Health

2.1 Basic Checks

ETH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 5 years ago, ETH has more shares outstanding
ETH.MI Yearly Shares OutstandingETH.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2024 10M 20M 30M
ETH.MI Yearly Total Debt VS Total AssetsETH.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2024 50M 100M 150M

2.2 Solvency

ETH has an Altman-Z score of -0.31. This is a bad value and indicates that ETH is not financially healthy and even has some risk of bankruptcy.
ETH has a Altman-Z score of -0.31. This is in the lower half of the industry: ETH underperforms 79.31% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that ETH is not too dependend on debt financing.
The Debt to Equity ratio of ETH (0.40) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z -0.31
ROIC/WACCN/A
WACC7.64%
ETH.MI Yearly LT Debt VS Equity VS FCFETH.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

2.3 Liquidity

ETH has a Current Ratio of 1.45. This is a normal value and indicates that ETH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.45, ETH is in line with its industry, outperforming 44.83% of the companies in the same industry.
A Quick Ratio of 0.80 indicates that ETH may have some problems paying its short term obligations.
ETH's Quick ratio of 0.80 is on the low side compared to the rest of the industry. ETH is outperformed by 72.41% of its industry peers.
Industry RankSector Rank
Current Ratio 1.45
Quick Ratio 0.8
ETH.MI Yearly Current Assets VS Current LiabilitesETH.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2024 20M 40M 60M

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3. Growth

3.1 Past

The earnings per share for ETH have decreased strongly by -731.58% in the last year.
Looking at the last year, ETH shows a very negative growth in Revenue. The Revenue has decreased by -63.89% in the last year.
Measured over the past years, ETH shows a very negative growth in Revenue. The Revenue has been decreasing by -10.33% on average per year.
EPS 1Y (TTM)-731.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-806.45%
Revenue 1Y (TTM)-63.89%
Revenue growth 3Y-2.17%
Revenue growth 5Y-10.33%
Sales Q2Q%-82.79%

3.2 Future

ETH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.04% yearly.
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 Y62.07%
EPS Next 2Y42.64%
EPS Next 3Y29.04%
EPS Next 5YN/A
Revenue Next Year6.64%
Revenue Next 2Y10.74%
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.
ETH.MI Yearly Revenue VS EstimatesETH.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
ETH.MI Yearly EPS VS EstimatesETH.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4

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1

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 RankSector Rank
PE N/A
Fwd PE N/A
ETH.MI Price Earnings VS Forward Price EarningsETH.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ETH is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.28
ETH.MI Per share dataETH.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 -1 1.5

4.3 Compensation for Growth

ETH's earnings are expected to grow with 29.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y42.64%
EPS Next 3Y29.04%

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0

5. Dividend

5.1 Amount

No dividends for ETH!.
Industry RankSector Rank
Dividend Yield N/A

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EUROTECH SPA

BIT:ETH (6/26/2025, 10:28:03 AM)

0.851

+0.01 (+1.19%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)05-13 2025-05-13
Earnings (Next)09-03 2025-09-03
Inst Owners2.29%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap30.23M
Analysts45.71
Price Target0.97 (13.98%)
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)-5%
PT rev (3m)-5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)15.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-11.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.51
P/FCF N/A
P/OCF 7.07
P/B 0.5
P/tB N/A
EV/EBITDA 2.28
EPS(TTM)-1.03
EYN/A
EPS(NY)-0.11
Fwd EYN/A
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)0.12
OCFY14.15%
SpS1.66
BVpS1.71
TBVpS-0.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -32.46%
ROE -59.6%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 59.18%
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.64%
GM growth 5Y1.02%
F-ScoreN/A
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Debt/EBITDA 1.28
Cap/Depr 19.98%
Cap/Sales 9.22%
Interest Coverage N/A
Cash Conversion 22.51%
Profit Quality N/A
Current Ratio 1.45
Quick Ratio 0.8
Altman-Z -0.31
F-ScoreN/A
WACC7.64%
ROIC/WACCN/A
Cap/Depr(3y)43.76%
Cap/Depr(5y)71.05%
Cap/Sales(3y)5.57%
Cap/Sales(5y)6.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-731.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-806.45%
EPS Next Y62.07%
EPS Next 2Y42.64%
EPS Next 3Y29.04%
EPS Next 5YN/A
Revenue 1Y (TTM)-63.89%
Revenue growth 3Y-2.17%
Revenue growth 5Y-10.33%
Sales Q2Q%-82.79%
Revenue Next Year6.64%
Revenue Next 2Y10.74%
Revenue Next 3Y8.04%
Revenue Next 5YN/A
EBIT growth 1Y-846.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year102.58%
EBIT Next 3Y37.73%
EBIT Next 5YN/A
FCF growth 1Y5.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y124.16%
OCF growth 3Y9.26%
OCF growth 5Y-27.19%