SECO SPA (IOT.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:IOT • IT0005438046

2.955 EUR
-0.01 (-0.34%)
Last: Feb 4, 2026, 05:22 PM
Fundamental Rating

4

Taking everything into account, IOT scores 4 out of 10 in our fundamental rating. IOT was compared to 33 industry peers in the Technology Hardware, Storage & Peripherals industry. IOT scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. IOT is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • IOT had negative earnings in the past year.
  • IOT had a positive operating cash flow in the past year.
  • Of the past 5 years IOT 4 years were profitable.
  • IOT had a positive operating cash flow in each of the past 5 years.
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

  • IOT's Return On Assets of -4.62% is on the low side compared to the rest of the industry. IOT is outperformed by 75.76% of its industry peers.
  • IOT has a Return On Equity of -8.21%. This is in the lower half of the industry: IOT underperforms 63.64% of its industry peers.
Industry RankSector Rank
ROA -4.62%
ROE -8.21%
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

  • Looking at the Gross Margin, with a value of 44.01%, IOT is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
  • In the last couple of years the Gross Margin of IOT has grown nicely.
  • The Profit Margin and Operating Margin are not available for IOT so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 44.01%
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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6

2. Health

2.1 Basic Checks

  • IOT does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, IOT has about the same amount of shares outstanding.
  • The number of shares outstanding for IOT has been increased compared to 5 years ago.
  • IOT has a better debt/assets ratio than last year.
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 2.04 indicates that IOT is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • IOT has a Altman-Z score (2.04) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of IOT is 4.01, which is a neutral value as it means it would take IOT, 4.01 years of fcf income to pay off all of its debts.
  • IOT has a better Debt to FCF ratio (4.01) than 66.67% of its industry peers.
  • IOT has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
  • IOT's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. IOT outperforms 48.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.01
Altman-Z 2.04
ROIC/WACCN/A
WACC8.23%
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 2.84 indicates that IOT has no problem at all paying its short term obligations.
  • IOT has a better Current ratio (2.84) than 81.82% of its industry peers.
  • IOT has a Quick Ratio of 1.73. 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 better Quick ratio (1.73) than 78.79% of its industry peers.
Industry RankSector Rank
Current Ratio 2.84
Quick Ratio 1.73
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 has decreased by -4.45% in the past year.
  • 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%106.68%
Revenue 1Y (TTM)-4.45%
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 Year9.14%
Revenue Next 2Y12.08%
Revenue Next 3Y12.12%
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 0.15

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Forward Earnings ratio of 25.97 indicates a quite expensive valuation of IOT.
  • IOT's Price/Forward Earnings ratio is in line with the industry average.
  • IOT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 25.97
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IOT is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of IOT indicates a somewhat cheap valuation: IOT is cheaper than 75.76% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.62
EV/EBITDA 21.61
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

  • IOT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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SECO SPA

BIT:IOT (2/4/2026, 5:22:40 PM)

2.955

-0.01 (-0.34%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)09-08
Earnings (Next)N/A
Inst Owners10.16%
Inst Owner ChangeN/A
Ins Owners8.14%
Ins Owner ChangeN/A
Market Cap393.07M
Revenue(TTM)277.80M
Net Income(TTM)-22.48M
Analysts80
Price Target3.75 (26.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-13.44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-100%
Min EPS beat(2)-100%
Max EPS beat(2)-100%
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)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)-1.22%
Revenue beat(4)1
Avg Revenue beat(4)-1.3%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)1.49%
Revenue beat(8)1
Avg Revenue beat(8)-8.67%
Revenue beat(12)2
Avg Revenue beat(12)1.44%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)2.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)7.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.3%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 25.97
P/S 1.41
P/FCF 13.62
P/OCF 11.83
P/B 1.44
P/tB 26.48
EV/EBITDA 21.61
EPS(TTM)0
EYN/A
EPS(NY)0.11
Fwd EY3.85%
FCF(TTM)0.22
FCFY7.34%
OCF(TTM)0.25
OCFY8.45%
SpS2.09
BVpS2.06
TBVpS0.11
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -4.62%
ROE -8.21%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 44.01%
FCFM 10.39%
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
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 3Y0.54%
GM growth 5Y2.57%
F-Score5
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.01
Debt/EBITDA 4.9
Cap/Depr 14.39%
Cap/Sales 1.57%
Interest Coverage N/A
Cash Conversion 157.73%
Profit Quality N/A
Current Ratio 2.84
Quick Ratio 1.73
Altman-Z 2.04
F-Score5
WACC8.23%
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%106.68%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.45%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%6.51%
Revenue Next Year9.14%
Revenue Next 2Y12.08%
Revenue Next 3Y12.12%
Revenue Next 5Y21.8%
EBIT growth 1Y-155.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2769.2%
EBIT Next 3Y248.72%
EBIT Next 5Y178.54%
FCF growth 1Y61.1%
FCF growth 3Y37.06%
FCF growth 5YN/A
OCF growth 1Y50.93%
OCF growth 3Y36.85%
OCF growth 5Y80.88%

SECO SPA / IOT.MI FAQ

Can you provide the ChartMill fundamental rating for SECO SPA?

ChartMill assigns a fundamental rating of 4 / 10 to IOT.MI.


Can you provide the valuation status for SECO SPA?

ChartMill assigns a valuation rating of 2 / 10 to SECO SPA (IOT.MI). This can be considered as Overvalued.


How profitable is SECO SPA (IOT.MI) stock?

SECO SPA (IOT.MI) has a profitability rating of 3 / 10.