Logo image of AIW.MI

ALMAWAVE SPA (AIW.MI) Stock Fundamental Analysis

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

3.01  +0.06 (+2.21%)

Fundamental Rating

5

AIW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 94 industry peers in the Software industry. AIW has only an average score on both its financial health and profitability. AIW may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

Quickly go to:

6

1. Profitability

1.1 Basic Checks

In the past year AIW was profitable.
In the past year AIW had a positive cash flow from operations.
Each year in the past 5 years AIW has been profitable.
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 2M -2M 4M 6M 8M 10M

1.2 Ratios

The Return On Assets of AIW (7.04%) is better than 72.34% of its industry peers.
AIW has a better Return On Equity (11.63%) than 71.28% of its industry peers.
With a decent Return On Invested Capital value of 6.88%, AIW is doing good in the industry, outperforming 69.15% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AIW is below the industry average of 11.00%.
The 3 year average ROIC (6.24%) for AIW is below the current ROIC(6.88%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.04%
ROE 11.63%
ROIC 6.88%
ROA(3y)6.47%
ROA(5y)5.41%
ROE(3y)10.83%
ROE(5y)11.21%
ROIC(3y)6.24%
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 15.66%, AIW is doing good in the industry, outperforming 75.53% of the companies in the same industry.
AIW's Profit Margin has improved in the last couple of years.
AIW has a better Operating Margin (13.36%) than 73.40% of its industry peers.
In the last couple of years the Operating Margin of AIW has declined.
AIW has a Gross Margin of 56.20%. This is in the lower half of the industry: AIW underperforms 60.64% of its industry peers.
AIW's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 13.36%
PM (TTM) 15.66%
GM 56.2%
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

More info and screens

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIW is destroying value.
Compared to 1 year ago, AIW has more shares outstanding
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

AIW has an Altman-Z score of 2.82. This is not the best score and indicates that AIW is in the grey zone with still only limited risk for bankruptcy at the moment.
AIW's Altman-Z score of 2.82 is in line compared to the rest of the industry. AIW outperforms 57.45% of its industry peers.
AIW has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
AIW has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. AIW outperforms 88.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 2.82
ROIC/WACC0.78
WACC8.77%
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 63.83% 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.
The Quick ratio of AIW (1.51) is better than 65.96% 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

More info and screens

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 26.17% over the past year.
Measured over the past years, AIW shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.13% on average per year.
Looking at the last year, AIW shows a decrease in Revenue. The Revenue has decreased by -1.78% 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)26.17%
EPS 3Y28.57%
EPS 5Y28.13%
EPS Q2Q%-33.96%
Revenue 1Y (TTM)-1.78%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-14.99%

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

More info and screens

7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.75, which indicates a very decent valuation of AIW.
96.81% of the companies in the same industry are more expensive than AIW, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.79, AIW is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.61, the valuation of AIW can be described as reasonable.
Based on the Price/Forward Earnings ratio, AIW is valued cheaply inside the industry as 94.68% of the companies are valued more expensively.
AIW is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.75
Fwd PE 9.61
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

Based on the Enterprise Value to EBITDA ratio, AIW is valued cheaply inside the industry as 89.36% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.67
AIW.MI Per share dataAIW.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

AIW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AIW has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.13
PEG (5Y)0.38
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

0

5. Dividend

5.1 Amount

AIW does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

ALMAWAVE SPA

BIT:AIW (4/23/2025, 7:00:00 PM)

3.01

+0.06 (+2.21%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners10.83%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap90.24M
Analysts84
Price Target4.08 (35.55%)
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)11.11%
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 10.75
Fwd PE 9.61
P/S 1.69
P/FCF N/A
P/OCF 9.05
P/B 1.26
P/tB 5.61
EV/EBITDA 6.67
EPS(TTM)0.28
EY9.3%
EPS(NY)0.31
Fwd EY10.4%
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)0.33
OCFY11.04%
SpS1.78
BVpS2.39
TBVpS0.54
PEG (NY)0.13
PEG (5Y)0.38
Profitability
Industry RankSector Rank
ROA 7.04%
ROE 11.63%
ROCE 9.18%
ROIC 6.88%
ROICexc 7.57%
ROICexgc 36.01%
OM 13.36%
PM (TTM) 15.66%
GM 56.2%
FCFM N/A
ROA(3y)6.47%
ROA(5y)5.41%
ROE(3y)10.83%
ROE(5y)11.21%
ROIC(3y)6.24%
ROIC(5y)7.38%
ROICexc(3y)7.29%
ROICexc(5y)9.1%
ROICexgc(3y)35.26%
ROICexgc(5y)40.49%
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-Score5
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0.02
Cap/Depr 207.06%
Cap/Sales 20.19%
Interest Coverage 75.8
Cash Conversion 80.85%
Profit Quality N/A
Current Ratio 1.51
Quick Ratio 1.51
Altman-Z 2.82
F-Score5
WACC8.77%
ROIC/WACC0.78
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)26.17%
EPS 3Y28.57%
EPS 5Y28.13%
EPS Q2Q%-33.96%
EPS Next Y82.35%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.78%
Revenue growth 3Y14.25%
Revenue growth 5Y18.14%
Sales Q2Q%-14.99%
Revenue Next Year48%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-11.86%
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-121.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.62%
OCF growth 3Y27.54%
OCF growth 5Y21.84%