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GROWENS SPA (GROW.MI) Stock Fundamental Analysis

BIT:GROW - IT0005040354 - Common Stock

3.39 EUR
-0.03 (-0.88%)
Last: 9/9/2025, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to GROW. GROW was compared to 101 industry peers in the Software industry. While GROW seems to be doing ok healthwise, there are quite some concerns on its profitability. GROW does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

In the past year GROW has reported negative net income.
GROW had a negative operating cash flow in the past year.
In multiple years GROW reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: GROW reported negative operating cash flow in multiple years.
GROW.MI Yearly Net Income VS EBIT VS OCF VS FCFGROW.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 20M 40M

1.2 Ratios

Looking at the Return On Assets, with a value of -4.08%, GROW is doing worse than 65.35% of the companies in the same industry.
The Return On Equity of GROW (-7.05%) is worse than 62.38% of its industry peers.
Industry RankSector Rank
ROA -4.08%
ROE -7.05%
ROIC N/A
ROA(3y)20.87%
ROA(5y)12.86%
ROE(3y)26.81%
ROE(5y)17.18%
ROIC(3y)N/A
ROIC(5y)N/A
GROW.MI Yearly ROA, ROE, ROICGROW.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80 100

1.3 Margins

GROW has a Gross Margin of 22.38%. This is amonst the worse of the industry: GROW underperforms 83.17% of its industry peers.
In the last couple of years the Gross Margin of GROW has declined.
GROW 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 22.38%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.85%
GM growth 5Y-2.53%
GROW.MI Yearly Profit, Operating, Gross MarginsGROW.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

5

2. Health

2.1 Basic Checks

GROW does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for GROW remains at a similar level compared to 1 year ago.
GROW has less shares outstanding than it did 5 years ago.
The debt/assets ratio for GROW is higher compared to a year ago.
GROW.MI Yearly Shares OutstandingGROW.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
GROW.MI Yearly Total Debt VS Total AssetsGROW.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

GROW has an Altman-Z score of 3.45. This indicates that GROW is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of GROW (3.45) is comparable to the rest of the industry.
GROW has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
GROW has a Debt to Equity ratio of 0.06. This is amongst the best in the industry. GROW outperforms 80.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Altman-Z 3.45
ROIC/WACCN/A
WACC8.29%
GROW.MI Yearly LT Debt VS Equity VS FCFGROW.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

2.3 Liquidity

A Current Ratio of 1.64 indicates that GROW should not have too much problems paying its short term obligations.
GROW has a Current ratio of 1.64. This is in the better half of the industry: GROW outperforms 63.37% of its industry peers.
A Quick Ratio of 1.64 indicates that GROW should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.64, GROW is in the better half of the industry, outperforming 66.34% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 1.64
GROW.MI Yearly Current Assets VS Current LiabilitesGROW.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

3

3. Growth

3.1 Past

The earnings per share for GROW have decreased strongly by -104.16% in the last year.
The Revenue has decreased by -0.80% in the past year.
The Revenue has been growing slightly by 4.14% on average over the past years.
EPS 1Y (TTM)-104.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-101.22%
Revenue 1Y (TTM)-0.8%
Revenue growth 3Y1.48%
Revenue growth 5Y4.14%
Sales Q2Q%-4.74%

3.2 Future

GROW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.22% yearly.
The Revenue is expected to grow by 5.49% on average over the next years.
EPS Next Y25%
EPS Next 2Y28.7%
EPS Next 3Y21.22%
EPS Next 5YN/A
Revenue Next Year4.16%
Revenue Next 2Y5.03%
Revenue Next 3Y5.49%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GROW.MI Yearly Revenue VS EstimatesGROW.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B
GROW.MI Yearly EPS VS EstimatesGROW.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1 1.5

1

4. Valuation

4.1 Price/Earnings Ratio

GROW 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 GROW. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
GROW.MI Price Earnings VS Forward Price EarningsGROW.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
GROW.MI Per share dataGROW.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

GROW's earnings are expected to grow with 21.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.7%
EPS Next 3Y21.22%

5

5. Dividend

5.1 Amount

GROW has a Yearly Dividend Yield of 10.56%, which is a nice return.
Compared to an average industry Dividend Yield of 2.06, GROW pays a better dividend. On top of this GROW pays more dividend than 100.00% of the companies listed in the same industry.
GROW's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
Industry RankSector Rank
Dividend Yield 10.56%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

The earnings of GROW are negative and hence is the payout ratio. GROW will probably not be able to sustain this dividend level.
DP-824.53%
EPS Next 2Y28.7%
EPS Next 3Y21.22%
GROW.MI Yearly Income VS Free CF VS DividendGROW.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

GROWENS SPA

BIT:GROW (9/9/2025, 7:00:00 PM)

3.39

-0.03 (-0.88%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners6%
Inst Owner ChangeN/A
Ins Owners51.06%
Ins Owner ChangeN/A
Market Cap52.17M
Analysts44
Price Target4.39 (29.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.56%
Yearly Dividend1.58
Dividend Growth(5Y)N/A
DP-824.53%
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)-25.22%
PT rev (3m)-25.22%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)14.29%
EPS NY rev (3m)14.29%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.52%
Revenue NY rev (3m)-1.52%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.7
P/FCF N/A
P/OCF N/A
P/B 1.51
P/tB 2.73
EV/EBITDA N/A
EPS(TTM)-0.19
EYN/A
EPS(NY)-0.12
Fwd EYN/A
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)-0.27
OCFYN/A
SpS4.84
BVpS2.24
TBVpS1.24
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.08%
ROE -7.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 22.38%
FCFM N/A
ROA(3y)20.87%
ROA(5y)12.86%
ROE(3y)26.81%
ROE(5y)17.18%
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 3Y-9.85%
GM growth 5Y-2.53%
F-Score4
Asset Turnover1.25
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 121.78%
Cap/Sales 6.34%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.64
Quick Ratio 1.64
Altman-Z 3.45
F-Score4
WACC8.29%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-104.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-101.22%
EPS Next Y25%
EPS Next 2Y28.7%
EPS Next 3Y21.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.8%
Revenue growth 3Y1.48%
Revenue growth 5Y4.14%
Sales Q2Q%-4.74%
Revenue Next Year4.16%
Revenue Next 2Y5.03%
Revenue Next 3Y5.49%
Revenue Next 5YN/A
EBIT growth 1Y-9.8%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year112.5%
EBIT Next 3Y37.06%
EBIT Next 5YN/A
FCF growth 1Y-56.63%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26.5%
OCF growth 3YN/A
OCF growth 5YN/A