Logo image of IOT.MI

SECO SPA (IOT.MI) Stock Fundamental Analysis

Europe - BIT:IOT - IT0005438046 - Common Stock

3.425 EUR
-0.01 (-0.15%)
Last: 10/6/2025, 5:29:18 PM
Fundamental Rating

4

Overall IOT gets a fundamental rating of 4 out of 10. We evaluated IOT against 30 industry peers in the Technology Hardware, Storage & Peripherals industry. The financial health of IOT is average, but there are quite some concerns on its profitability. While showing a medium growth rate, IOT is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

Quickly go to:

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.
IOT had positive earnings in 4 of the past 5 years.
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 66.67% of its industry peers.
IOT has a Return On Equity (-8.21%) which is comparable to the rest of the industry.
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

IOT has a Gross Margin of 44.01%. This is in the better half of the industry: IOT outperforms 80.00% of its industry peers.
In the last couple of years the Gross Margin of IOT has grown nicely.
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 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

More info and screens

5

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.
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 2.21 indicates that IOT is not a great score, but indicates only limited risk for bankruptcy at the moment.
IOT has a Altman-Z score (2.21) 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 Debt to FCF ratio of 4.01. This is comparable to the rest of the industry: IOT outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that IOT is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.38, IOT is doing good in the industry, outperforming 63.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.01
Altman-Z 2.21
ROIC/WACCN/A
WACC7.48%
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.
With an excellent Current ratio value of 2.84, IOT belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
A Quick Ratio of 1.73 indicates that IOT should not have too much problems paying its short term obligations.
The Quick ratio of IOT (1.73) is better than 80.00% 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

More info and screens

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.
IOT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.90% yearly.
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.
IOT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.80% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.59%
Revenue Next 2Y12.31%
Revenue Next 3Y11.96%
Revenue Next 5Y21.8%

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Forward Earnings ratio of 31.30, the valuation of IOT can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IOT is on the same level as its industry peers.
IOT is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.32, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 31.3
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

The rest of the industry has a similar Enterprise Value to EBITDA ratio as IOT.
63.33% of the companies in the same industry are more expensive than IOT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 15.78
EV/EBITDA 24.54
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

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

SECO SPA

BIT:IOT (10/6/2025, 5:29:18 PM)

3.425

-0.01 (-0.15%)

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 Owners10.31%
Inst Owner ChangeN/A
Ins Owners8.14%
Ins Owner ChangeN/A
Market Cap455.42M
Analysts77.14
Price Target3.3 (-3.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)13.45%
PT rev (3m)17.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)38.05%
EPS NY rev (3m)3.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.01%
Revenue NY rev (1m)-0.79%
Revenue NY rev (3m)-0.68%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 31.3
P/S 1.64
P/FCF 15.78
P/OCF 13.71
P/B 1.66
P/tB 30.68
EV/EBITDA 24.54
EPS(TTM)0
EYN/A
EPS(NY)0.11
Fwd EY3.19%
FCF(TTM)0.22
FCFY6.34%
OCF(TTM)0.25
OCFY7.3%
SpS2.09
BVpS2.06
TBVpS0.11
PEG (NY)N/A
PEG (5Y)N/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
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 Turnover0.57
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 2.21
F-Score5
WACC7.48%
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 Year10.59%
Revenue Next 2Y12.31%
Revenue Next 3Y11.96%
Revenue Next 5Y21.8%
EBIT growth 1Y-155.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2688.13%
EBIT Next 3Y241.81%
EBIT Next 5YN/A
FCF growth 1Y61.1%
FCF growth 3Y37.06%
FCF growth 5YN/A
OCF growth 1Y50.93%
OCF growth 3Y36.85%
OCF growth 5Y80.88%