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SECO SPA (IOT.MI) Stock Fundamental Analysis

Europe - BIT:IOT - IT0005438046 - Common Stock

2.995 EUR
-0.1 (-3.23%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to IOT. IOT was compared to 28 industry peers in the Technology Hardware, Storage & Peripherals industry. While IOT seems to be doing ok healthwise, there are quite some concerns on its profitability. IOT is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year IOT has reported negative net income.
IOT had a positive operating cash flow in the past year.
IOT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years IOT had a positive operating cash flow.
IOT.MI Yearly Net Income VS EBIT VS OCF VS FCFIOT.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M -20M 30M

1.2 Ratios

Looking at the Return On Assets, with a value of -5.27%, IOT is doing worse than 67.86% of the companies in the same industry.
With a Return On Equity value of -9.51%, IOT perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
Industry RankSector Rank
ROA -5.27%
ROE -9.51%
ROIC N/A
ROA(3y)0.05%
ROA(5y)0.92%
ROE(3y)0.49%
ROE(5y)2.71%
ROIC(3y)N/A
ROIC(5y)N/A
IOT.MI Yearly ROA, ROE, ROICIOT.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

IOT has a Gross Margin of 43.32%. This is in the better half of the industry: IOT outperforms 78.57% of its industry peers.
IOT's Gross Margin has improved in the last couple of years.
IOT 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 43.32%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y2.57%
IOT.MI Yearly Profit, Operating, Gross MarginsIOT.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 40

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5

2. Health

2.1 Basic Checks

IOT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for IOT remains at a similar level compared to 1 year ago.
The number of shares outstanding for IOT has been increased compared to 5 years ago.
The debt/assets ratio for IOT has been reduced compared to a year ago.
IOT.MI Yearly Shares OutstandingIOT.MI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
IOT.MI Yearly Total Debt VS Total AssetsIOT.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

An Altman-Z score of 1.97 indicates that IOT is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.97, IOT is in line with its industry, outperforming 57.14% of the companies in the same industry.
The Debt to FCF ratio of IOT is 4.20, which is a neutral value as it means it would take IOT, 4.20 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.20, IOT is in line with its industry, outperforming 57.14% of the companies in the same industry.
IOT has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of IOT (0.41) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 4.2
Altman-Z 1.97
ROIC/WACCN/A
WACC7.54%
IOT.MI Yearly LT Debt VS Equity VS FCFIOT.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M 250M

2.3 Liquidity

A Current Ratio of 2.86 indicates that IOT has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.86, IOT belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
IOT has a Quick Ratio of 1.76. This is a normal value and indicates that IOT is financially healthy and should not expect problems in meeting its short term obligations.
IOT has a Quick ratio of 1.76. This is in the better half of the industry: IOT outperforms 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 2.86
Quick Ratio 1.76
IOT.MI Yearly Current Assets VS Current LiabilitesIOT.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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5

3. Growth

3.1 Past

The earnings per share for IOT have decreased strongly by -100.00% in the last year.
The Revenue for IOT has decreased by -12.54% in the past year. This is quite bad
Measured over the past years, IOT shows a very strong growth in Revenue. The Revenue has been growing by 22.90% on average per year.
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%6.51%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
Based on estimates for the next years, IOT will show a very strong growth in Revenue. The Revenue will grow by 21.80% on average per year.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.4%
Revenue Next 2Y12.28%
Revenue Next 3Y11.9%
Revenue Next 5Y21.8%

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and 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 stable.
IOT.MI Yearly Revenue VS EstimatesIOT.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M
IOT.MI Yearly EPS VS EstimatesIOT.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.05 0.1

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1

4. Valuation

4.1 Price/Earnings Ratio

IOT is valuated quite expensively with a Price/Forward Earnings ratio of 32.47.
IOT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. IOT is more expensive than 60.71% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.73. IOT is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 32.47
IOT.MI Price Earnings VS Forward Price EarningsIOT.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

IOT's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IOT indicates a somewhat cheap valuation: IOT is cheaper than 71.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.37
EV/EBITDA 28.36
IOT.MI Per share dataIOT.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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SECO SPA

BIT:IOT (9/12/2025, 7:00:00 PM)

2.995

-0.1 (-3.23%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)09-08 2025-09-08/bmo
Earnings (Next)N/A N/A
Inst Owners9.64%
Inst Owner ChangeN/A
Ins Owners6.22%
Ins Owner ChangeN/A
Market Cap398.25M
Analysts77.14
Price Target3.16 (5.51%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-11.45%
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)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-2.43%
Max Revenue beat(2)1.49%
Revenue beat(4)1
Avg Revenue beat(4)-7.37%
Min Revenue beat(4)-18.91%
Max Revenue beat(4)1.49%
Revenue beat(8)1
Avg Revenue beat(8)-8.23%
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)8.77%
PT rev (3m)12.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-25.24%
EPS NY rev (3m)-25.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.96%
Revenue NY rev (3m)-0.85%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 32.47
P/S 1.45
P/FCF 13.37
P/OCF 11.41
P/B 1.46
P/tB 32.1
EV/EBITDA 28.36
EPS(TTM)0
EYN/A
EPS(NY)0.09
Fwd EY3.08%
FCF(TTM)0.22
FCFY7.48%
OCF(TTM)0.26
OCFY8.76%
SpS2.07
BVpS2.04
TBVpS0.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.27%
ROE -9.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 43.32%
FCFM 10.84%
ROA(3y)0.05%
ROA(5y)0.92%
ROE(3y)0.49%
ROE(5y)2.71%
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 3Y0.54%
GM growth 5Y2.57%
F-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 4.2
Debt/EBITDA 7.05
Cap/Depr 17.01%
Cap/Sales 1.86%
Interest Coverage N/A
Cash Conversion 218.53%
Profit Quality N/A
Current Ratio 2.86
Quick Ratio 1.76
Altman-Z 1.97
F-Score5
WACC7.54%
ROIC/WACCN/A
Cap/Depr(3y)17.6%
Cap/Depr(5y)19.92%
Cap/Sales(3y)2.06%
Cap/Sales(5y)1.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%6.51%
Revenue Next Year10.4%
Revenue Next 2Y12.28%
Revenue Next 3Y11.9%
Revenue Next 5Y21.8%
EBIT growth 1Y-138.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2751.4%
EBIT Next 3Y241.75%
EBIT Next 5YN/A
FCF growth 1Y31.01%
FCF growth 3Y37.06%
FCF growth 5YN/A
OCF growth 1Y35.8%
OCF growth 3Y36.85%
OCF growth 5Y80.88%