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SECO SPA (IOT.MI) Stock Fundamental Analysis

BIT:IOT - Euronext Milan - IT0005438046 - Common Stock - Currency: EUR

1.83  -0.05 (-2.87%)

Fundamental Rating

4

Overall IOT gets a fundamental rating of 4 out of 10. We evaluated IOT against 25 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. 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

IOT has a Return On Assets of -5.27%. This is in the lower half of the industry: IOT underperforms 64.00% of its industry peers.
IOT has a Return On Equity (-9.51%) which is in line with its industry peers.
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's Gross Margin of 43.32% is fine compared to the rest of the industry. IOT outperforms 76.00% of its industry peers.
IOT's Gross Margin has improved in the last couple of years.
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 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.
IOT has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, IOT has more shares outstanding
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

Based on the Altman-Z score of 1.54, we must say that IOT is in the distress zone and has some risk of bankruptcy.
IOT has a Altman-Z score (1.54) which is in line with its industry peers.
IOT has a debt to FCF ratio of 4.20. This is a neutral value as IOT would need 4.20 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.20, IOT is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that IOT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.41, IOT is in line with its industry, outperforming 52.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 4.2
Altman-Z 1.54
ROIC/WACCN/A
WACC7.68%
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

IOT has a Current Ratio of 2.86. This indicates that IOT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.86, IOT belongs to the top of the industry, outperforming 84.00% 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 better Quick ratio (1.76) than 88.00% 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 -12.67% in the past year. This is quite bad
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%-100%
Revenue 1Y (TTM)-12.67%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%-7.52%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
The Revenue is expected to grow by 21.80% on average over the next years. This is a very strong growth
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.72%
Revenue Next 2Y12.64%
Revenue Next 3Y12.04%
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 24.93 indicates a rather expensive valuation of IOT.
Based on the Price/Forward Earnings ratio, IOT is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.20, IOT is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 24.93
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.
Based on the Price/Free Cash Flow ratio, IOT is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.17
EV/EBITDA 18.65
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 N/A

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SECO SPA

BIT:IOT (4/30/2025, 5:19:05 PM)

1.83

-0.05 (-2.87%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)03-17 2025-03-17/dmh
Earnings (Next)N/A N/A
Inst Owners10.84%
Inst Owner ChangeN/A
Ins Owners6.22%
Ins Owner ChangeN/A
Market Cap243.34M
Analysts77.14
Price Target2.79 (52.46%)
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)13.89%
PT rev (3m)-9.64%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)5.32%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.06%
Revenue NY rev (3m)-1.7%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 24.93
P/S 0.89
P/FCF 8.17
P/OCF 6.97
P/B 0.89
P/tB 19.61
EV/EBITDA 18.65
EPS(TTM)0
EYN/A
EPS(NY)0.07
Fwd EY4.01%
FCF(TTM)0.22
FCFY12.24%
OCF(TTM)0.26
OCFY14.34%
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 1.54
F-Score5
WACC7.68%
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%-100%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.67%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%-7.52%
Revenue Next Year11.72%
Revenue Next 2Y12.64%
Revenue Next 3Y12.04%
Revenue Next 5Y21.8%
EBIT growth 1Y-138.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2788.87%
EBIT Next 3Y242.27%
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%