ALMAWAVE SPA (AIW.MI) Stock Fundamental Analysis
Europe - BIT:AIW - IT0005434615 - Common Stock
3.035 EUR
-0.04 (-1.3%)
We assign a fundamental rating of 4 out of 10 to AIW. AIW was compared to 103 industry peers in the Software industry. AIW has only an average score on both its financial health and profitability. AIW has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
AIW had positive earnings in the past year.
AIW had a positive operating cash flow in the past year.
AIW had positive earnings in each of the past 5 years.
In the past 5 years AIW always reported a positive cash flow from operatings.
1.2 Ratios
AIW has a better Return On Assets (5.88%) than 61.16% of its industry peers.
Looking at the Return On Equity, with a value of 9.81%, AIW is in line with its industry, outperforming 58.25% of the companies in the same industry.
AIW has a Return On Invested Capital (0.26%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for AIW is significantly below the industry average of 12.80%.
The last Return On Invested Capital (0.26%) for AIW is well below the 3 year average (6.25%), which needs to be investigated, but indicates that AIW had better years and this may not be a problem.
| Industry Rank | Sector 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%
1.3 Margins
AIW's Profit Margin of 16.46% is fine compared to the rest of the industry. AIW outperforms 68.93% of its industry peers.
AIW's Profit Margin has improved in the last couple of years.
The Operating Margin of AIW (0.64%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AIW has declined.
With a Gross Margin value of 52.61%, AIW is not doing good in the industry: 66.99% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of AIW has declined.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIW is destroying value.
AIW has more shares outstanding than it did 1 year ago.
AIW has more shares outstanding than it did 5 years ago.
AIW has a better debt/assets ratio than last year.
2.2 Solvency
AIW has an Altman-Z score of 2.39. 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 has a Altman-Z score (2.39) which 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.
The Debt to Equity ratio of AIW (0.04) is better than 83.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.39 |
ROIC/WACC0.03
WACC8.29%
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.
With a Current ratio value of 1.44, AIW perfoms like the industry average, outperforming 59.22% of the companies in the same industry.
A Quick Ratio of 1.44 indicates that AIW should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.44, AIW is in the better half of the industry, outperforming 63.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 1.44 |
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.
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)-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
The Earnings Per Share is expected to grow by 7.30% on average over the next years.
The Revenue is expected to grow by 13.96% on average over the next years. This is quite good.
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
The EPS growth rate is decreasing: in the next years the growth will be less 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
AIW is valuated reasonably with a Price/Earnings ratio of 11.67.
Based on the Price/Earnings ratio, AIW is valued cheaply inside the industry as 93.20% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.20. AIW is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 13.07, which indicates a correct valuation of AIW.
89.32% of the companies in the same industry are more expensive than AIW, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, AIW is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.67 | ||
| Fwd PE | 13.07 |
4.2 Price Multiples
75.73% of the companies in the same industry are more expensive than AIW, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.2 |
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)0.66
PEG (5Y)0.4
EPS Next 2Y16.32%
EPS Next 3Y7.3%
5. Dividend
5.1 Amount
AIW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT:AIW (9/16/2025, 7:00:00 PM)
3.035
-0.04 (-1.3%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners6.66%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap90.99M
Analysts84
Price Target4.08 (34.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)-35.48%
EPS NY rev (3m)-35.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-22.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.67 | ||
| Fwd PE | 13.07 | ||
| P/S | 1.95 | ||
| P/FCF | N/A | ||
| P/OCF | 8.3 | ||
| P/B | 1.16 | ||
| P/tB | 6.44 | ||
| EV/EBITDA | 12.2 |
EPS(TTM)0.26
EY8.57%
EPS(NY)0.23
Fwd EY7.65%
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)0.37
OCFY12.04%
SpS1.55
BVpS2.61
TBVpS0.47
PEG (NY)0.66
PEG (5Y)0.4
Profitability
| Industry Rank | Sector 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%
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-Score3
Asset Turnover0.36
Health
| Industry Rank | Sector 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 | 2.39 |
F-Score3
WACC8.29%
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 3YN/A
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%