EUROTECH SPA (ETH.MI) Fundamental Analysis & Valuation
BIT:ETH • IT0003895668
1 EUR
-0.03 (-3.1%)
Last: Mar 6, 2026, 07:00 PM
This ETH.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall ETH gets a fundamental rating of 2 out of 10. We evaluated ETH against 30 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 does not seem to be growing, but still is valued expensively.
1. ETH.MI Profitability Analysis
1.1 Basic Checks
- In the past year ETH has reported negative net income.
- ETH had a positive operating cash flow in the past year.
- 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
- ETH's Return On Assets of -35.93% is on the low side compared to the rest of the industry. ETH is outperformed by 90.00% of its industry peers.
- ETH has a Return On Equity of -68.17%. This is in the lower half of the industry: ETH underperforms 76.67% of its industry peers.
| 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's Gross Margin of 59.89% is amongst the best of the industry. ETH outperforms 83.33% 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%
2. ETH.MI Health Analysis
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
2.2 Solvency
- ETH has an Altman-Z score of -0.22. This is a bad value and indicates that ETH is not financially healthy and even has some risk of bankruptcy.
- ETH's Altman-Z score of -0.22 is on the low side compared to the rest of the industry. ETH is outperformed by 80.00% 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 in line compared to the rest of the industry. ETH outperforms 60.00% of its industry peers.
- ETH has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
- With a Debt to Equity ratio value of 0.37, ETH perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.88 | ||
| Altman-Z | -0.22 |
ROIC/WACCN/A
WACC8.13%
2.3 Liquidity
- ETH has a Current Ratio of 1.25. This is a normal value and indicates that ETH is financially healthy and should not expect problems in meeting its short term obligations.
- ETH has a worse Current ratio (1.25) than 63.33% 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.
- The Quick ratio of ETH (0.66) is worse than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.66 |
3. ETH.MI Growth Analysis
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
- The Earnings Per Share is expected to grow by 29.04% on average over the next years. This is a very strong growth
- 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.
4. ETH.MI Valuation Analysis
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
- 90.00% of the companies in the same industry are more expensive than ETH, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, ETH is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.63 | ||
| EV/EBITDA | 4.18 |
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 2Y36.46%
EPS Next 3Y29.04%
5. ETH.MI Dividend Analysis
5.1 Amount
- ETH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
ETH.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:ETH (3/6/2026, 7:00:00 PM)
1
-0.03 (-3.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)11-13 2025-11-13
Earnings (Next)03-13 2026-03-13
Inst Owners1.5%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap59.63M
Revenue(TTM)51.35M
Net Income(TTM)-38.21M
Analysts45.71
Price Target1.22 (22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)20%
PT rev (3m)20%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.16 | ||
| P/FCF | 11.63 | ||
| P/OCF | 12.34 | ||
| P/B | 1.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.18 |
EPS(TTM)-1.09
EYN/A
EPS(NY)-0.04
Fwd EYN/A
FCF(TTM)0.09
FCFY8.6%
OCF(TTM)0.08
OCFY8.11%
SpS0.86
BVpS0.94
TBVpS-0.08
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -35.93% | ||
| ROE | -68.17% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 59.89% | ||
| FCFM | 9.98% |
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
ROICexgc growth 3YN/A
ROICexgc 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-Score4
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.88 | ||
| Debt/EBITDA | 1.13 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 26.62% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | -0.22 |
F-Score4
WACC8.13%
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)-329.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-95.7%
EPS Next Y27.59%
EPS Next 2Y36.46%
EPS Next 3Y29.04%
EPS Next 5YN/A
Revenue 1Y (TTM)-64.61%
Revenue growth 3Y-2.17%
Revenue growth 5Y-10.33%
Sales Q2Q%-23.78%
Revenue Next Year-8.2%
Revenue Next 2Y6.69%
Revenue Next 3Y8.04%
Revenue Next 5YN/A
EBIT growth 1Y-39.97%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year72.18%
EBIT Next 3Y37.56%
EBIT Next 5YN/A
FCF growth 1Y556.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y58.49%
OCF growth 3Y9.26%
OCF growth 5Y-27.19%
EUROTECH SPA / ETH.MI FAQ
What is the ChartMill fundamental rating of EUROTECH SPA (ETH.MI) stock?
ChartMill assigns a fundamental rating of 2 / 10 to ETH.MI.
What is the valuation status for ETH stock?
ChartMill assigns a valuation rating of 2 / 10 to EUROTECH SPA (ETH.MI). This can be considered as Overvalued.
What is the profitability of ETH stock?
EUROTECH SPA (ETH.MI) has a profitability rating of 2 / 10.
Can you provide the financial health for ETH stock?
The financial health rating of EUROTECH SPA (ETH.MI) is 2 / 10.
Can you provide the expected EPS growth for ETH stock?
The Earnings per Share (EPS) of EUROTECH SPA (ETH.MI) is expected to grow by 27.59% in the next year.