ALMAWAVE SPA (AIW.MI) Stock Fundamental Analysis

BIT:AIW • IT0005434615

4.29 EUR
0 (-0.12%)
Last: Dec 15, 2025, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall AIW gets a fundamental rating of 4 out of 10. We evaluated AIW against 116 industry peers in the Software industry. AIW has only an average score on both its financial health and profitability. AIW has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year AIW was profitable.
  • AIW had a positive operating cash flow in the past year.
  • AIW had positive earnings in each of the past 5 years.
  • AIW had a positive operating cash flow in each of the past 5 years.
AIW.MI Yearly Net Income VS EBIT VS OCF VS FCFAIW.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M 10M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.88%, AIW is in line with its industry, outperforming 58.62% of the companies in the same industry.
  • The Return On Equity of AIW (9.81%) is comparable to the rest of the industry.
  • AIW has a Return On Invested Capital of 0.26%. This is comparable to the rest of the industry: AIW outperforms 44.83% of its industry peers.
  • AIW had an Average Return On Invested Capital over the past 3 years of 6.25%. This is significantly below the industry average of 12.58%.
  • The 3 year average ROIC (6.25%) for AIW is well above the current ROIC(0.26%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 5.88%
ROE 9.81%
ROIC 0.26%
ROA(3y)6.47%
ROA(5y)5.41%
ROE(3y)10.83%
ROE(5y)11.21%
ROIC(3y)6.25%
ROIC(5y)7.38%
AIW.MI Yearly ROA, ROE, ROICAIW.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • With a decent Profit Margin value of 16.46%, AIW is doing good in the industry, outperforming 68.97% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AIW has grown nicely.
  • AIW has a Operating Margin of 0.64%. This is comparable to the rest of the industry: AIW outperforms 44.83% of its industry peers.
  • AIW's Operating Margin has declined in the last couple of years.
  • AIW has a Gross Margin of 52.61%. This is in the lower half of the industry: AIW underperforms 66.38% of its industry peers.
  • In the last couple of years the Gross Margin of AIW has declined.
Industry RankSector Rank
OM 0.64%
PM (TTM) 16.46%
GM 52.61%
OM growth 3Y-24.27%
OM growth 5Y-20.53%
PM growth 3Y18.54%
PM growth 5Y12.74%
GM growth 3Y-2.82%
GM growth 5Y-2.82%
AIW.MI Yearly Profit, Operating, Gross MarginsAIW.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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4

2. Health

2.1 Basic Checks

  • AIW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for AIW has been increased compared to 1 year ago.
  • AIW has more shares outstanding than it did 5 years ago.
  • AIW has a better debt/assets ratio than last year.
AIW.MI Yearly Shares OutstandingAIW.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
AIW.MI Yearly Total Debt VS Total AssetsAIW.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

  • An Altman-Z score of 2.83 indicates that AIW is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of AIW (2.83) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.04 indicates that AIW is not too dependend on debt financing.
  • AIW's Debt to Equity ratio of 0.04 is amongst the best of the industry. AIW outperforms 81.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 2.83
ROIC/WACC0.03
WACC8.51%
AIW.MI Yearly LT Debt VS Equity VS FCFAIW.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M

2.3 Liquidity

  • AIW has a Current Ratio of 1.44. This is a normal value and indicates that AIW is financially healthy and should not expect problems in meeting its short term obligations.
  • AIW has a Current ratio (1.44) which is in line with its industry peers.
  • A Quick Ratio of 1.44 indicates that AIW should not have too much problems paying its short term obligations.
  • AIW has a Quick ratio of 1.44. This is comparable to the rest of the industry: AIW outperforms 54.31% of its industry peers.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.44
AIW.MI Yearly Current Assets VS Current LiabilitesAIW.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 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

5

3. Growth

3.1 Past

  • The earnings per share for AIW have decreased by -5.73% in the last year.
  • The Earnings Per Share has been growing by 29.38% on average over the past years. This is a very strong growth
  • Looking at the last year, AIW shows a very negative growth in Revenue. The Revenue has decreased by -12.68% in the last year.
  • Measured over the past years, AIW shows a quite strong growth in Revenue. The Revenue has been growing by 18.14% on average per year.
EPS 1Y (TTM)-5.73%
EPS 3Y30.66%
EPS 5Y29.38%
EPS Q2Q%-42.86%
Revenue 1Y (TTM)-12.68%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-10.46%

3.2 Future

  • AIW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.30% yearly.
  • AIW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.96% yearly.
EPS Next Y17.65%
EPS Next 2Y16.32%
EPS Next 3Y7.3%
EPS Next 5YN/A
Revenue Next Year14%
Revenue Next 2Y14.02%
Revenue Next 3Y13.96%
Revenue Next 5YN/A

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 decreasing.
  • 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.
AIW.MI Yearly Revenue VS EstimatesAIW.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
AIW.MI Yearly EPS VS EstimatesAIW.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • AIW is valuated correctly with a Price/Earnings ratio of 16.50.
  • 86.21% of the companies in the same industry are more expensive than AIW, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.83. AIW is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 18.47, AIW is valued on the expensive side.
  • AIW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AIW is cheaper than 73.28% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AIW to the average of the S&P500 Index (24.95), we can say AIW is valued slightly cheaper.
Industry RankSector Rank
PE 16.5
Fwd PE 18.47
AIW.MI Price Earnings VS Forward Price EarningsAIW.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AIW indicates a somewhat cheap valuation: AIW is cheaper than 61.21% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.29
AIW.MI Per share dataAIW.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.93
PEG (5Y)0.56
EPS Next 2Y16.32%
EPS Next 3Y7.3%

More info and screens

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

0

5. Dividend

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

ALMAWAVE SPA

BIT:AIW (12/15/2025, 7:00:00 PM)

4.29

0 (-0.12%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners3.61%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap128.61M
Revenue(TTM)46.58M
Net Income(TTM)7.67M
Analysts84
Price Target4.08 (-4.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.5
Fwd PE 18.47
P/S 2.76
P/FCF N/A
P/OCF 11.74
P/B 1.64
P/tB 9.1
EV/EBITDA 17.29
EPS(TTM)0.26
EY6.06%
EPS(NY)0.23
Fwd EY5.41%
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)0.37
OCFY8.52%
SpS1.55
BVpS2.61
TBVpS0.47
PEG (NY)0.93
PEG (5Y)0.56
Graham Number3.91
Profitability
Industry RankSector Rank
ROA 5.88%
ROE 9.81%
ROCE 0.35%
ROIC 0.26%
ROICexc 0.28%
ROICexgc 1.43%
OM 0.64%
PM (TTM) 16.46%
GM 52.61%
FCFM N/A
ROA(3y)6.47%
ROA(5y)5.41%
ROE(3y)10.83%
ROE(5y)11.21%
ROIC(3y)6.25%
ROIC(5y)7.38%
ROICexc(3y)7.3%
ROICexc(5y)9.1%
ROICexgc(3y)35.3%
ROICexgc(5y)40.51%
ROCE(3y)8.33%
ROCE(5y)9.84%
ROICexgc growth 3Y-32.08%
ROICexgc growth 5Y-18.89%
ROICexc growth 3Y-37.71%
ROICexc growth 5Y-24.79%
OM growth 3Y-24.27%
OM growth 5Y-20.53%
PM growth 3Y18.54%
PM growth 5Y12.74%
GM growth 3Y-2.82%
GM growth 5Y-2.82%
F-Score3
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA 0.41
Cap/Depr 204.64%
Cap/Sales 31.14%
Interest Coverage 1.57
Cash Conversion 148.34%
Profit Quality N/A
Current Ratio 1.44
Quick Ratio 1.44
Altman-Z 2.83
F-Score3
WACC8.51%
ROIC/WACC0.03
Cap/Depr(3y)180.78%
Cap/Depr(5y)174.55%
Cap/Sales(3y)18.18%
Cap/Sales(5y)17.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.73%
EPS 3Y30.66%
EPS 5Y29.38%
EPS Q2Q%-42.86%
EPS Next Y17.65%
EPS Next 2Y16.32%
EPS Next 3Y7.3%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.68%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-10.46%
Revenue Next Year14%
Revenue Next 2Y14.02%
Revenue Next 3Y13.96%
Revenue Next 5YN/A
EBIT growth 1Y-95.82%
EBIT growth 3Y-13.48%
EBIT growth 5Y-6.12%
EBIT Next Year116.67%
EBIT Next 3Y41.5%
EBIT Next 5YN/A
FCF growth 1Y-196.44%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.64%
OCF growth 3Y24.13%
OCF growth 5Y19.87%

ALMAWAVE SPA / AIW.MI FAQ

What is the ChartMill fundamental rating of ALMAWAVE SPA (AIW.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to AIW.MI.


What is the valuation status for AIW stock?

ChartMill assigns a valuation rating of 4 / 10 to ALMAWAVE SPA (AIW.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for ALMAWAVE SPA?

ALMAWAVE SPA (AIW.MI) has a profitability rating of 5 / 10.


What are the PE and PB ratios of ALMAWAVE SPA (AIW.MI) stock?

The Price/Earnings (PE) ratio for ALMAWAVE SPA (AIW.MI) is 16.5 and the Price/Book (PB) ratio is 1.64.


Can you provide the expected EPS growth for AIW stock?

The Earnings per Share (EPS) of ALMAWAVE SPA (AIW.MI) is expected to grow by 17.65% in the next year.