TECHNOPROBE SPA (TPRO.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TPRO - IT0005482333 - Common Stock
15.91 EUR
-0.13 (-0.81%)
We assign a fundamental rating of 5 out of 10 to TPRO. TPRO was compared to 69 industry peers in the Semiconductors & Semiconductor Equipment industry. No worries on liquidiy or solvency for TPRO as it has an excellent financial health rating, but there are worries on the profitability. TPRO is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
- TPRO had positive earnings in the past year.
- TPRO had a positive operating cash flow in the past year.
- Each year in the past 5 years TPRO has been profitable.
- TPRO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TPRO's Return On Assets of 5.03% is in line compared to the rest of the industry. TPRO outperforms 42.65% of its industry peers.
- With a Return On Equity value of 5.69%, TPRO is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
- TPRO's Return On Invested Capital of 5.40% is in line compared to the rest of the industry. TPRO outperforms 41.18% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for TPRO is significantly below the industry average of 14.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 5.69% | ||
| ROIC | 5.4% |
ROA(3y)10.68%
ROA(5y)15.45%
ROE(3y)12.38%
ROE(5y)19.05%
ROIC(3y)9.24%
ROIC(5y)15.2%
1.3 Margins
- TPRO's Profit Margin of 11.16% is in line compared to the rest of the industry. TPRO outperforms 45.59% of its industry peers.
- In the last couple of years the Profit Margin of TPRO has declined.
- The Operating Margin of TPRO (17.06%) is comparable to the rest of the industry.
- TPRO's Operating Margin has declined in the last couple of years.
- TPRO has a Gross Margin of 43.53%. This is in the lower half of the industry: TPRO underperforms 63.24% of its industry peers.
- In the last couple of years the Gross Margin of TPRO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.06% | ||
| PM (TTM) | 11.16% | ||
| GM | 43.53% |
OM growth 3Y-27.47%
OM growth 5Y-16.64%
PM growth 3Y-27%
PM growth 5Y-18.1%
GM growth 3Y-11.02%
GM growth 5Y-7.14%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TPRO is destroying value.
- TPRO has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for TPRO has been increased compared to 5 years ago.
- TPRO has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 40.74 indicates that TPRO is not in any danger for bankruptcy at the moment.
- TPRO's Altman-Z score of 40.74 is amongst the best of the industry. TPRO outperforms 95.59% of its industry peers.
- The Debt to FCF ratio of TPRO is 0.23, which is an excellent value as it means it would take TPRO, only 0.23 years of fcf income to pay off all of its debts.
- TPRO has a better Debt to FCF ratio (0.23) than 91.18% of its industry peers.
- A Debt/Equity ratio of 0.01 indicates that TPRO is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.01, TPRO belongs to the top of the industry, outperforming 95.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.23 | ||
| Altman-Z | 40.74 |
ROIC/WACC0.49
WACC11.03%
2.3 Liquidity
- TPRO has a Current Ratio of 8.94. This indicates that TPRO is financially healthy and has no problem in meeting its short term obligations.
- TPRO has a better Current ratio (8.94) than 98.53% of its industry peers.
- A Quick Ratio of 7.78 indicates that TPRO has no problem at all paying its short term obligations.
- With an excellent Quick ratio value of 7.78, TPRO belongs to the best of the industry, outperforming 98.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.94 | ||
| Quick Ratio | 7.78 |
3. Growth
3.1 Past
- The earnings per share for TPRO have decreased strongly by -30.66% in the last year.
- TPRO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.38% yearly.
- Looking at the last year, TPRO shows a very strong growth in Revenue. The Revenue has grown by 38.31%.
- The Revenue has been growing by 21.59% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-30.66%
EPS 3Y-19.9%
EPS 5Y-1.38%
EPS Q2Q%16.06%
Revenue 1Y (TTM)38.31%
Revenue growth 3Y11.51%
Revenue growth 5Y21.59%
Sales Q2Q%35.18%
3.2 Future
- The Earnings Per Share is expected to grow by 50.85% on average over the next years. This is a very strong growth
- TPRO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.77% yearly.
EPS Next Y51.25%
EPS Next 2Y56.52%
EPS Next 3Y50.85%
EPS Next 5YN/A
Revenue Next Year16.69%
Revenue Next 2Y16.77%
Revenue Next 3Y17.9%
Revenue Next 5Y15.77%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 144.64, TPRO can be considered very expensive at the moment.
- TPRO's Price/Earnings ratio is rather expensive when compared to the industry. TPRO is more expensive than 85.29% of the companies in the same industry.
- TPRO's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.21.
- With a Price/Forward Earnings ratio of 61.62, TPRO can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TPRO indicates a rather expensive valuation: TPRO more expensive than 85.29% of the companies listed in the same industry.
- TPRO is valuated expensively when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 144.64 | ||
| Fwd PE | 61.62 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TPRO is valued expensively inside the industry as 80.88% of the companies are valued cheaper.
- TPRO's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. TPRO is more expensive than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 142.3 | ||
| EV/EBITDA | 53.51 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TPRO does not grow enough to justify the current Price/Earnings ratio.
- TPRO's earnings are expected to grow with 50.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.82
PEG (5Y)N/A
EPS Next 2Y56.52%
EPS Next 3Y50.85%
5. Dividend
5.1 Amount
- TPRO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TECHNOPROBE SPA / TPRO.MI FAQ
What is the ChartMill fundamental rating of TECHNOPROBE SPA (TPRO.MI) stock?
ChartMill assigns a fundamental rating of 5 / 10 to TPRO.MI.
What is the valuation status for TPRO stock?
ChartMill assigns a valuation rating of 1 / 10 to TECHNOPROBE SPA (TPRO.MI). This can be considered as Overvalued.
What is the profitability of TPRO stock?
TECHNOPROBE SPA (TPRO.MI) has a profitability rating of 3 / 10.
What is the earnings growth outlook for TECHNOPROBE SPA?
The Earnings per Share (EPS) of TECHNOPROBE SPA (TPRO.MI) is expected to grow by 51.25% in the next year.
How sustainable is the dividend of TECHNOPROBE SPA (TPRO.MI) stock?
The dividend rating of TECHNOPROBE SPA (TPRO.MI) is 0 / 10 and the dividend payout ratio is 0%.