SPINDOX SPA (SPN.MI) Fundamental Analysis & Valuation

BIT:SPN • IT0005449522

Current stock price

12.95 EUR
-0.05 (-0.38%)
Last:

This SPN.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. SPN.MI Profitability Analysis

1.1 Basic Checks

  • In the past year SPN was profitable.
  • In the past year SPN had a positive cash flow from operations.
  • Of the past 5 years SPN 4 years were profitable.
  • SPN had a positive operating cash flow in 4 of the past 5 years.
SPN.MI Yearly Net Income VS EBIT VS OCF VS FCFSPN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M 10M

1.2 Ratios

  • SPN's Return On Assets of 0.62% is on the low side compared to the rest of the industry. SPN is outperformed by 69.33% of its industry peers.
  • SPN has a Return On Equity of 2.74%. This is in the lower half of the industry: SPN underperforms 65.33% of its industry peers.
  • With an excellent Return On Invested Capital value of 21.90%, SPN belongs to the best of the industry, outperforming 94.67% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SPN is significantly above the industry average of 12.44%.
  • The last Return On Invested Capital (21.90%) for SPN is above the 3 year average (17.72%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.62%
ROE 2.74%
ROIC 21.9%
ROA(3y)0.44%
ROA(5y)2.01%
ROE(3y)2.3%
ROE(5y)12.07%
ROIC(3y)17.72%
ROIC(5y)17.19%
SPN.MI Yearly ROA, ROE, ROICSPN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • SPN has a worse Profit Margin (0.44%) than 69.33% of its industry peers.
  • In the last couple of years the Profit Margin of SPN has declined.
  • SPN has a Operating Margin (7.96%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of SPN has grown nicely.
  • The Gross Margin of SPN (75.99%) is better than 65.33% of its industry peers.
  • In the last couple of years the Gross Margin of SPN has remained more or less at the same level.
Industry RankSector Rank
OM 7.96%
PM (TTM) 0.44%
GM 75.99%
OM growth 3Y9.99%
OM growth 5Y22.54%
PM growth 3Y-51.97%
PM growth 5Y-21.25%
GM growth 3Y1.2%
GM growth 5Y0%
SPN.MI Yearly Profit, Operating, Gross MarginsSPN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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6

2. SPN.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SPN is creating value.
  • Compared to 1 year ago, SPN has more shares outstanding
  • SPN has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for SPN has been reduced compared to a year ago.
SPN.MI Yearly Shares OutstandingSPN.MI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M
SPN.MI Yearly Total Debt VS Total AssetsSPN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

  • An Altman-Z score of 3.02 indicates that SPN is not in any danger for bankruptcy at the moment.
  • SPN has a Altman-Z score of 3.02. This is comparable to the rest of the industry: SPN outperforms 60.00% of its industry peers.
  • SPN has a debt to FCF ratio of 2.08. This is a good value and a sign of high solvency as SPN would need 2.08 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.08, SPN is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
  • SPN has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.41, SPN is in line with its industry, outperforming 54.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 2.08
Altman-Z 3.02
ROIC/WACC2.99
WACC7.33%
SPN.MI Yearly LT Debt VS Equity VS FCFSPN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M 10M 15M

2.3 Liquidity

  • SPN has a Current Ratio of 1.16. This is a normal value and indicates that SPN is financially healthy and should not expect problems in meeting its short term obligations.
  • SPN has a Current ratio (1.16) which is in line with its industry peers.
  • SPN has a Quick Ratio of 1.16. This is a normal value and indicates that SPN is financially healthy and should not expect problems in meeting its short term obligations.
  • SPN has a Quick ratio (1.16) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 1.16
SPN.MI Yearly Current Assets VS Current LiabilitesSPN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. SPN.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 931.63% over the past year.
  • Measured over the past years, SPN shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.04% on average per year.
  • SPN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.12%.
  • The Revenue has been growing by 15.51% on average over the past years. This is quite good.
EPS 1Y (TTM)931.63%
EPS 3Y-43.23%
EPS 5Y-8.04%
EPS Q2Q%163.75%
Revenue 1Y (TTM)9.12%
Revenue growth 3Y16.08%
Revenue growth 5Y15.51%
Sales Q2Q%7.13%

3.2 Future

  • SPN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 91.17% yearly.
  • The Revenue is expected to grow by 10.91% on average over the next years. This is quite good.
EPS Next Y127.88%
EPS Next 2Y91.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0%
Revenue Next 2Y4.16%
Revenue Next 3Y13.81%
Revenue Next 5Y10.91%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
SPN.MI Yearly Revenue VS EstimatesSPN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50M 100M 150M
SPN.MI Yearly EPS VS EstimatesSPN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

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3

4. SPN.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 161.88, the valuation of SPN can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of SPN indicates a slightly more expensive valuation: SPN is more expensive than 70.67% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.21. SPN is valued rather expensively when compared to this.
  • SPN is valuated quite expensively with a Price/Forward Earnings ratio of 34.10.
  • 64.00% of the companies in the same industry are cheaper than SPN, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, SPN is valued a bit more expensive.
Industry RankSector Rank
PE 161.88
Fwd PE 34.1
SPN.MI Price Earnings VS Forward Price EarningsSPN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • 78.67% of the companies in the same industry are more expensive than SPN, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, SPN is valued a bit cheaper than 69.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.83
EV/EBITDA 5.7
SPN.MI Per share dataSPN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • SPN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • SPN's earnings are expected to grow with 91.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.27
PEG (5Y)N/A
EPS Next 2Y91.17%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SPN.MI Dividend Analysis

5.1 Amount

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

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SPN.MI Fundamentals: All Metrics, Ratios and Statistics

SPINDOX SPA

BIT:SPN (12/29/2025, 7:00:00 PM)

12.95

-0.05 (-0.38%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners2.78%
Inst Owner ChangeN/A
Ins Owners66.06%
Ins Owner ChangeN/A
Market Cap77.70M
Revenue(TTM)105.64M
Net Income(TTM)463.30K
Analysts45.71
Price Target13.26 (2.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-36.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.94%
Valuation
Industry RankSector Rank
PE 161.88
Fwd PE 34.1
P/S 0.74
P/FCF 11.83
P/OCF 7.56
P/B 4.59
P/tB N/A
EV/EBITDA 5.7
EPS(TTM)0.08
EY0.62%
EPS(NY)0.38
Fwd EY2.93%
FCF(TTM)1.09
FCFY8.45%
OCF(TTM)1.71
OCFY13.23%
SpS17.61
BVpS2.82
TBVpS-0.35
PEG (NY)1.27
PEG (5Y)N/A
Graham Number2.25
Profitability
Industry RankSector Rank
ROA 0.62%
ROE 2.74%
ROCE 29.2%
ROIC 21.9%
ROICexc 73.38%
ROICexgc N/A
OM 7.96%
PM (TTM) 0.44%
GM 75.99%
FCFM 6.22%
ROA(3y)0.44%
ROA(5y)2.01%
ROE(3y)2.3%
ROE(5y)12.07%
ROIC(3y)17.72%
ROIC(5y)17.19%
ROICexc(3y)64.9%
ROICexc(5y)62.19%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)23.63%
ROCE(5y)22.92%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y21.91%
ROICexc growth 5YN/A
OM growth 3Y9.99%
OM growth 5Y22.54%
PM growth 3Y-51.97%
PM growth 5Y-21.25%
GM growth 3Y1.2%
GM growth 5Y0%
F-Score8
Asset Turnover1.41
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 2.08
Debt/EBITDA 0.57
Cap/Depr 93.75%
Cap/Sales 3.51%
Interest Coverage 250
Cash Conversion 83.09%
Profit Quality 1417.31%
Current Ratio 1.16
Quick Ratio 1.16
Altman-Z 3.02
F-Score8
WACC7.33%
ROIC/WACC2.99
Cap/Depr(3y)230.86%
Cap/Depr(5y)201.25%
Cap/Sales(3y)10.16%
Cap/Sales(5y)7.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)931.63%
EPS 3Y-43.23%
EPS 5Y-8.04%
EPS Q2Q%163.75%
EPS Next Y127.88%
EPS Next 2Y91.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.12%
Revenue growth 3Y16.08%
Revenue growth 5Y15.51%
Sales Q2Q%7.13%
Revenue Next Year0%
Revenue Next 2Y4.16%
Revenue Next 3Y13.81%
Revenue Next 5Y10.91%
EBIT growth 1Y1607.31%
EBIT growth 3Y27.67%
EBIT growth 5Y41.55%
EBIT Next Year100%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y199.08%
FCF growth 3Y-6.33%
FCF growth 5Y33%
OCF growth 1Y427.66%
OCF growth 3Y2.55%
OCF growth 5Y30.91%

SPINDOX SPA / SPN.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SPINDOX SPA (SPN.MI) stock?

ChartMill assigns a fundamental rating of 5 / 10 to SPN.MI.


What is the valuation status of SPINDOX SPA (SPN.MI) stock?

ChartMill assigns a valuation rating of 3 / 10 to SPINDOX SPA (SPN.MI). This can be considered as Overvalued.


What is the profitability of SPN stock?

SPINDOX SPA (SPN.MI) has a profitability rating of 4 / 10.


What are the PE and PB ratios of SPINDOX SPA (SPN.MI) stock?

The Price/Earnings (PE) ratio for SPINDOX SPA (SPN.MI) is 161.88 and the Price/Book (PB) ratio is 4.59.


What is the expected EPS growth for SPINDOX SPA (SPN.MI) stock?

The Earnings per Share (EPS) of SPINDOX SPA (SPN.MI) is expected to grow by 127.88% in the next year.