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ALMAWAVE SPA (AIW.MI) Stock Fundamental Analysis

BIT:AIW - Euronext Milan - IT0005434615 - Common Stock - Currency: EUR

3.185  +0.04 (+1.43%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to AIW. AIW was compared to 101 industry peers in the Software industry. AIW has only an average score on both its financial health and profitability. AIW is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

AIW had positive earnings in the past year.
In the past year AIW had a positive cash flow from operations.
Each year in the past 5 years AIW has been profitable.
In the past 5 years AIW always reported a positive cash flow from operatings.
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

AIW has a Return On Assets of 6.77%. This is in the better half of the industry: AIW outperforms 72.28% of its industry peers.
Looking at the Return On Equity, with a value of 11.16%, AIW is in the better half of the industry, outperforming 71.29% of the companies in the same industry.
AIW's Return On Invested Capital of 2.73% is in line compared to the rest of the industry. AIW outperforms 56.44% of its industry peers.
AIW had an Average Return On Invested Capital over the past 3 years of 6.25%. This is below the industry average of 10.93%.
Industry RankSector Rank
ROA 6.77%
ROE 11.16%
ROIC 2.73%
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

AIW has a better Profit Margin (17.52%) than 81.19% of its industry peers.
AIW's Profit Margin has improved in the last couple of years.
The Operating Margin of AIW (6.14%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AIW has declined.
Looking at the Gross Margin, with a value of 51.81%, AIW is doing worse than 64.36% of the companies in the same industry.
AIW's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.14%
PM (TTM) 17.52%
GM 51.81%
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 2.62 indicates that AIW is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of AIW (2.62) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.02 indicates that AIW is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.02, AIW belongs to the best of the industry, outperforming 86.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Altman-Z 2.62
ROIC/WACC0.31
WACC8.82%
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

A Current Ratio of 1.51 indicates that AIW should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.51, AIW is in the better half of the industry, outperforming 62.38% of the companies in the same industry.
AIW has a Quick Ratio of 1.51. 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 better Quick ratio (1.51) than 65.35% of its industry peers.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.51
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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3

3. Growth

3.1 Past

The earnings per share for AIW have decreased by -6.99% 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 -14.69% in the last year.
AIW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.14% yearly.
EPS 1Y (TTM)-6.99%
EPS 3Y30.66%
EPS 5Y29.38%
EPS Q2Q%6.9%
Revenue 1Y (TTM)-14.69%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-14.42%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y82.35%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year48%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
AIW.MI Yearly Revenue VS EstimatesAIW.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
AIW.MI Yearly EPS VS EstimatesAIW.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 0.1 0.2 0.3

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6

4. Valuation

4.1 Price/Earnings Ratio

AIW is valuated reasonably with a Price/Earnings ratio of 10.98.
Based on the Price/Earnings ratio, AIW is valued cheaper than 98.02% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. AIW is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 10.17, which indicates a very decent valuation of AIW.
Based on the Price/Forward Earnings ratio, AIW is valued cheaper than 89.11% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AIW to the average of the S&P500 Index (21.76), we can say AIW is valued rather cheaply.
Industry RankSector Rank
PE 10.98
Fwd PE 10.17
AIW.MI Price Earnings VS Forward Price EarningsAIW.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AIW is valued cheaper than 85.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.21
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)0.13
PEG (5Y)0.37
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for AIW!.
Industry RankSector Rank
Dividend Yield N/A

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ALMAWAVE SPA

BIT:AIW (7/11/2025, 7:00:00 PM)

3.185

+0.04 (+1.43%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners6.66%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap95.49M
Analysts84
Price Target4.08 (28.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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 10.98
Fwd PE 10.17
P/S 1.95
P/FCF N/A
P/OCF 9.87
P/B 1.24
P/tB 5.47
EV/EBITDA 9.21
EPS(TTM)0.29
EY9.11%
EPS(NY)0.31
Fwd EY9.83%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.32
OCFY10.14%
SpS1.64
BVpS2.57
TBVpS0.58
PEG (NY)0.13
PEG (5Y)0.37
Profitability
Industry RankSector Rank
ROA 6.77%
ROE 11.16%
ROCE 3.63%
ROIC 2.73%
ROICexc 2.94%
ROICexgc 12.96%
OM 6.14%
PM (TTM) 17.52%
GM 51.81%
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%
ROICexcg growth 3Y-32.08%
ROICexcg 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-Score4
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Debt/EBITDA 0.19
Cap/Depr 192.25%
Cap/Sales 26.41%
Interest Coverage 17.11
Cash Conversion 99.27%
Profit Quality N/A
Current Ratio 1.51
Quick Ratio 1.51
Altman-Z 2.62
F-Score4
WACC8.82%
ROIC/WACC0.31
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)-6.99%
EPS 3Y30.66%
EPS 5Y29.38%
EPS Q2Q%6.9%
EPS Next Y82.35%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.69%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-14.42%
Revenue Next Year48%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-65.76%
EBIT growth 3Y-13.48%
EBIT growth 5Y-6.12%
EBIT Next Year116.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-228.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.02%
OCF growth 3Y24.13%
OCF growth 5Y19.87%