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TINEXTA SPA (TNXT.MI) Stock Fundamental Analysis

BIT:TNXT - Euronext Milan - IT0005037210 - Common Stock - Currency: EUR

11.82  -0.11 (-0.92%)

Fundamental Rating

3

Overall TNXT gets a fundamental rating of 3 out of 10. We evaluated TNXT against 31 industry peers in the Professional Services industry. While TNXT is still in line with the averages on profitability rating, there are concerns on its financial health. TNXT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

TNXT had positive earnings in the past year.
TNXT had a positive operating cash flow in the past year.
In the past 5 years TNXT has always been profitable.
Each year in the past 5 years TNXT had a positive operating cash flow.
TNXT.MI Yearly Net Income VS EBIT VS OCF VS FCFTNXT.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

1.2 Ratios

With a Return On Assets value of 1.32%, TNXT is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
With a Return On Equity value of 3.77%, TNXT is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 5.60%, TNXT is in line with its industry, outperforming 45.16% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TNXT is significantly below the industry average of 11.33%.
Industry RankSector Rank
ROA 1.32%
ROE 3.77%
ROIC 5.6%
ROA(3y)5.16%
ROA(5y)5.43%
ROE(3y)13.52%
ROE(5y)16.32%
ROIC(3y)5.98%
ROIC(5y)7.21%
TNXT.MI Yearly ROA, ROE, ROICTNXT.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

TNXT has a Profit Margin of 2.34%. This is comparable to the rest of the industry: TNXT outperforms 58.06% of its industry peers.
In the last couple of years the Profit Margin of TNXT has declined.
The Operating Margin of TNXT (8.66%) is better than 67.74% of its industry peers.
TNXT's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 68.78%, TNXT is doing good in the industry, outperforming 61.29% of the companies in the same industry.
In the last couple of years the Gross Margin of TNXT has remained more or less at the same level.
Industry RankSector Rank
OM 8.66%
PM (TTM) 2.34%
GM 68.78%
OM growth 3Y-9.54%
OM growth 5Y-10.27%
PM growth 3Y-31.41%
PM growth 5Y-18.12%
GM growth 3Y1.39%
GM growth 5Y0.01%
TNXT.MI Yearly Profit, Operating, Gross MarginsTNXT.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TNXT is destroying value.
Compared to 1 year ago, TNXT has more shares outstanding
TNXT has less shares outstanding than it did 5 years ago.
The debt/assets ratio for TNXT is higher compared to a year ago.
TNXT.MI Yearly Shares OutstandingTNXT.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
TNXT.MI Yearly Total Debt VS Total AssetsTNXT.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 1.55, we must say that TNXT is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.55, TNXT is not doing good in the industry: 70.97% of the companies in the same industry are doing better.
TNXT has a debt to FCF ratio of 10.80. This is a negative value and a sign of low solvency as TNXT would need 10.80 years to pay back of all of its debts.
TNXT has a worse Debt to FCF ratio (10.80) than 64.52% of its industry peers.
TNXT has a Debt/Equity ratio of 0.57. This is a neutral value indicating TNXT is somewhat dependend on debt financing.
TNXT has a Debt to Equity ratio (0.57) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 10.8
Altman-Z 1.55
ROIC/WACC0.82
WACC6.79%
TNXT.MI Yearly LT Debt VS Equity VS FCFTNXT.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 0.98 indicates that TNXT may have some problems paying its short term obligations.
The Current ratio of TNXT (0.98) is comparable to the rest of the industry.
TNXT has a Quick Ratio of 0.98. This is a bad value and indicates that TNXT is not financially healthy enough and could expect problems in meeting its short term obligations.
TNXT's Quick ratio of 0.97 is in line compared to the rest of the industry. TNXT outperforms 48.39% of its industry peers.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.97
TNXT.MI Yearly Current Assets VS Current LiabilitesTNXT.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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5

3. Growth

3.1 Past

TNXT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -76.16%.
Measured over the past years, TNXT shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.04% on average per year.
Looking at the last year, TNXT shows a quite strong growth in Revenue. The Revenue has grown by 15.83% in the last year.
The Revenue has been growing by 11.95% on average over the past years. This is quite good.
EPS 1Y (TTM)-76.16%
EPS 3Y-20.66%
EPS 5Y-8.04%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)15.83%
Revenue growth 3Y14.7%
Revenue growth 5Y11.95%
Sales Q2Q%17.37%

3.2 Future

TNXT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.54% yearly.
Based on estimates for the next years, TNXT will show a quite strong growth in Revenue. The Revenue will grow by 8.76% on average per year.
EPS Next Y-0.55%
EPS Next 2Y11.15%
EPS Next 3Y9.54%
EPS Next 5YN/A
Revenue Next Year9.56%
Revenue Next 2Y8.63%
Revenue Next 3Y7.73%
Revenue Next 5Y8.76%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
TNXT.MI Yearly Revenue VS EstimatesTNXT.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M 800M
TNXT.MI Yearly EPS VS EstimatesTNXT.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 36.94, TNXT can be considered very expensive at the moment.
TNXT's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.25, TNXT is valued a bit more expensive.
TNXT is valuated reasonably with a Price/Forward Earnings ratio of 11.43.
Based on the Price/Forward Earnings ratio, TNXT is valued cheaply inside the industry as 80.65% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of TNXT to the average of the S&P500 Index (22.15), we can say TNXT is valued slightly cheaper.
Industry RankSector Rank
PE 36.94
Fwd PE 11.43
TNXT.MI Price Earnings VS Forward Price EarningsTNXT.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

70.97% of the companies in the same industry are more expensive than TNXT, based on the Enterprise Value to EBITDA ratio.
TNXT's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 19.66
EV/EBITDA 6.74
TNXT.MI Per share dataTNXT.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.15%
EPS Next 3Y9.54%

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3

5. Dividend

5.1 Amount

TNXT has a Yearly Dividend Yield of 2.51%.
Compared to an average industry Dividend Yield of 3.03, TNXT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, TNXT has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.51%

5.2 History

On average, the dividend of TNXT grows each year by 12.69%, which is quite nice.
Dividend Growth(5Y)12.69%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

TNXT pays out 188.00% of its income as dividend. This is not a sustainable payout ratio.
The dividend of TNXT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP188%
EPS Next 2Y11.15%
EPS Next 3Y9.54%
TNXT.MI Yearly Income VS Free CF VS DividendTNXT.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
TNXT.MI Dividend Payout.TNXT.MI Dividend Payout, showing the Payout Ratio.TNXT.MI Dividend Payout.PayoutRetained Earnings

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TINEXTA SPA

BIT:TNXT (5/30/2025, 7:00:00 PM)

11.82

-0.11 (-0.92%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)05-15 2025-05-15
Earnings (Next)07-31 2025-07-31
Inst Owners22.61%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap558.02M
Analysts81.67
Price Target13.58 (14.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.51%
Yearly Dividend0.63
Dividend Growth(5Y)12.69%
DP188%
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)-2.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.24%
Valuation
Industry RankSector Rank
PE 36.94
Fwd PE 11.43
P/S 0.85
P/FCF 19.66
P/OCF 7.95
P/B 1.37
P/tB N/A
EV/EBITDA 6.74
EPS(TTM)0.32
EY2.71%
EPS(NY)1.03
Fwd EY8.75%
FCF(TTM)0.6
FCFY5.09%
OCF(TTM)1.49
OCFY12.58%
SpS13.9
BVpS8.64
TBVpS-6.72
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.32%
ROE 3.77%
ROCE 6.96%
ROIC 5.6%
ROICexc 6.32%
ROICexgc N/A
OM 8.66%
PM (TTM) 2.34%
GM 68.78%
FCFM 4.32%
ROA(3y)5.16%
ROA(5y)5.43%
ROE(3y)13.52%
ROE(5y)16.32%
ROIC(3y)5.98%
ROIC(5y)7.21%
ROICexc(3y)8.04%
ROICexc(5y)9.5%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.43%
ROCE(5y)8.95%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-6.13%
ROICexc growth 5Y-18.43%
OM growth 3Y-9.54%
OM growth 5Y-10.27%
PM growth 3Y-31.41%
PM growth 5Y-18.12%
GM growth 3Y1.39%
GM growth 5Y0.01%
F-Score4
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 10.8
Debt/EBITDA 2.11
Cap/Depr 77.41%
Cap/Sales 6.37%
Interest Coverage 7.03
Cash Conversion 63.32%
Profit Quality 184.43%
Current Ratio 0.98
Quick Ratio 0.97
Altman-Z 1.55
F-Score4
WACC6.79%
ROIC/WACC0.82
Cap/Depr(3y)80.96%
Cap/Depr(5y)71.57%
Cap/Sales(3y)8.53%
Cap/Sales(5y)7.3%
Profit Quality(3y)92.78%
Profit Quality(5y)121.68%
High Growth Momentum
Growth
EPS 1Y (TTM)-76.16%
EPS 3Y-20.66%
EPS 5Y-8.04%
EPS Q2Q%-16.67%
EPS Next Y-0.55%
EPS Next 2Y11.15%
EPS Next 3Y9.54%
EPS Next 5YN/A
Revenue 1Y (TTM)15.83%
Revenue growth 3Y14.7%
Revenue growth 5Y11.95%
Sales Q2Q%17.37%
Revenue Next Year9.56%
Revenue Next 2Y8.63%
Revenue Next 3Y7.73%
Revenue Next 5Y8.76%
EBIT growth 1Y-13.99%
EBIT growth 3Y3.76%
EBIT growth 5Y0.46%
EBIT Next Year120.47%
EBIT Next 3Y39.67%
EBIT Next 5YN/A
FCF growth 1Y-23.05%
FCF growth 3Y-20.45%
FCF growth 5Y-7.4%
OCF growth 1Y-6.54%
OCF growth 3Y-1.09%
OCF growth 5Y4.92%