SPINDOX SPA (SPN.MI) Stock Fundamental Analysis

BIT:SPN • IT0005449522

12.95 EUR
-0.05 (-0.38%)
Last: Dec 29, 2025, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SPN. SPN was compared to 74 industry peers in the IT Services industry. SPN has only an average score on both its financial health and profitability. SPN is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

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

  • The Return On Assets of SPN (0.62%) is worse than 69.33% of its industry peers.
  • The Return On Equity of SPN (2.74%) is worse than 65.33% of its industry peers.
  • SPN's Return On Invested Capital of 21.90% is amongst the best of the industry. SPN outperforms 94.67% of its industry peers.
  • SPN had an Average Return On Invested Capital over the past 3 years of 17.72%. This is significantly below the industry average of 26.55%.
  • 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's Operating Margin of 7.96% is in line compared to the rest of the industry. SPN outperforms 58.67% of its industry peers.
  • SPN's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 75.99%, SPN is doing good in the industry, outperforming 65.33% of the companies in the same industry.
  • SPN's Gross Margin has been stable in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • SPN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for SPN has been increased compared to 1 year ago.
  • 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

  • SPN has an Altman-Z score of 3.02. This indicates that SPN is financially healthy and has little risk of bankruptcy at the moment.
  • With a Altman-Z score value of 3.02, SPN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • 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.
  • The Debt to FCF ratio of SPN (2.08) is better than 72.00% of its industry peers.
  • A Debt/Equity ratio of 0.41 indicates that SPN is not too dependend on debt financing.
  • 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

  • A Current Ratio of 1.16 indicates that SPN should not have too much problems paying its short term obligations.
  • SPN's Current ratio of 1.16 is in line compared to the rest of the industry. SPN outperforms 42.67% of 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. Growth

3.1 Past

  • SPN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 931.63%, which is quite impressive.
  • 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.
  • Looking at the last year, SPN shows a quite strong growth in Revenue. The Revenue has grown by 9.12% in the last year.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 161.88, the valuation of SPN can be described as expensive.
  • Based on the Price/Earnings ratio, SPN is valued a bit more expensive than the industry average as 70.67% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 27.67. SPN is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 34.10 indicates a quite expensive valuation of SPN.
  • SPN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. SPN is more expensive than 64.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.69. SPN is valued slightly more expensive when compared to this.
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

  • Based on the Enterprise Value to EBITDA ratio, SPN is valued a bit cheaper than 78.67% of the companies in the same industry.
  • 69.33% of the companies in the same industry are more expensive than SPN, based on the Price/Free Cash Flow ratio.
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

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

More info and screens

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

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

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 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.


Can you provide the profitability details for SPINDOX SPA?

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


How financially healthy is SPINDOX SPA?

The financial health rating of SPINDOX SPA (SPN.MI) is 6 / 10.


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.