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SECO SPA (IOT.MI) Stock Fundamental Analysis

BIT:IOT - Euronext Milan - IT0005438046 - Common Stock - Currency: EUR

1.858  -0.03 (-1.38%)

Fundamental Rating

4

IOT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 25 industry peers in the Technology Hardware, Storage & Peripherals industry. IOT scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. IOT is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year IOT has reported negative net income.
IOT had a positive operating cash flow in the past year.
IOT had positive earnings in 4 of the past 5 years.
In the past 5 years IOT always reported a positive cash flow from operatings.
IOT.MI Yearly Net Income VS EBIT VS OCF VS FCFIOT.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M -20M 30M

1.2 Ratios

IOT's Return On Assets of -5.27% is on the low side compared to the rest of the industry. IOT is outperformed by 64.00% of its industry peers.
IOT has a Return On Equity (-9.51%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -5.27%
ROE -9.51%
ROIC N/A
ROA(3y)0.05%
ROA(5y)0.92%
ROE(3y)0.49%
ROE(5y)2.71%
ROIC(3y)N/A
ROIC(5y)N/A
IOT.MI Yearly ROA, ROE, ROICIOT.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

IOT has a Gross Margin of 43.32%. This is in the better half of the industry: IOT outperforms 76.00% of its industry peers.
In the last couple of years the Gross Margin of IOT has grown nicely.
The Profit Margin and Operating Margin are not available for IOT so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 43.32%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y2.57%
IOT.MI Yearly Profit, Operating, Gross MarginsIOT.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 40

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5

2. Health

2.1 Basic Checks

IOT does not have a ROIC to compare to the WACC, probably because it is not profitable.
IOT has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, IOT has more shares outstanding
IOT has a better debt/assets ratio than last year.
IOT.MI Yearly Shares OutstandingIOT.MI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
IOT.MI Yearly Total Debt VS Total AssetsIOT.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

IOT has an Altman-Z score of 1.56. This is a bad value and indicates that IOT is not financially healthy and even has some risk of bankruptcy.
IOT's Altman-Z score of 1.56 is in line compared to the rest of the industry. IOT outperforms 56.00% of its industry peers.
The Debt to FCF ratio of IOT is 4.20, which is a neutral value as it means it would take IOT, 4.20 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.20, IOT is doing good in the industry, outperforming 68.00% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that IOT is not too dependend on debt financing.
IOT's Debt to Equity ratio of 0.41 is in line compared to the rest of the industry. IOT outperforms 52.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 4.2
Altman-Z 1.56
ROIC/WACCN/A
WACC7.68%
IOT.MI Yearly LT Debt VS Equity VS FCFIOT.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M 250M

2.3 Liquidity

A Current Ratio of 2.86 indicates that IOT has no problem at all paying its short term obligations.
The Current ratio of IOT (2.86) is better than 84.00% of its industry peers.
IOT has a Quick Ratio of 1.76. This is a normal value and indicates that IOT is financially healthy and should not expect problems in meeting its short term obligations.
IOT's Quick ratio of 1.76 is amongst the best of the industry. IOT outperforms 88.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.86
Quick Ratio 1.76
IOT.MI Yearly Current Assets VS Current LiabilitesIOT.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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5

3. Growth

3.1 Past

IOT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -100.00%.
Looking at the last year, IOT shows a very negative growth in Revenue. The Revenue has decreased by -12.67% in the last year.
Measured over the past years, IOT shows a very strong growth in Revenue. The Revenue has been growing by 22.90% on average per year.
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-12.67%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%-7.52%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
IOT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.80% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.72%
Revenue Next 2Y12.64%
Revenue Next 3Y12.04%
Revenue Next 5Y21.8%

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
IOT.MI Yearly Revenue VS EstimatesIOT.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M
IOT.MI Yearly EPS VS EstimatesIOT.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.05 0.1 0.15

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Forward Earnings ratio of 25.31 indicates a quite expensive valuation of IOT.
Based on the Price/Forward Earnings ratio, IOT is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, IOT is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 25.31
IOT.MI Price Earnings VS Forward Price EarningsIOT.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

IOT's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IOT indicates a somewhat cheap valuation: IOT is cheaper than 80.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.3
EV/EBITDA 19.1
IOT.MI Per share dataIOT.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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SECO SPA

BIT:IOT (4/30/2025, 9:36:07 AM)

1.858

-0.03 (-1.38%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)03-17 2025-03-17/dmh
Earnings (Next)N/A N/A
Inst Owners10.84%
Inst Owner ChangeN/A
Ins Owners6.22%
Ins Owner ChangeN/A
Market Cap247.06M
Analysts77.14
Price Target2.79 (50.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-11.45%
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)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-2.43%
Max Revenue beat(2)1.49%
Revenue beat(4)1
Avg Revenue beat(4)-7.37%
Min Revenue beat(4)-18.91%
Max Revenue beat(4)1.49%
Revenue beat(8)1
Avg Revenue beat(8)-8.23%
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)13.89%
PT rev (3m)-9.64%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)5.32%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.06%
Revenue NY rev (3m)-1.7%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 25.31
P/S 0.9
P/FCF 8.3
P/OCF 7.08
P/B 0.91
P/tB 19.91
EV/EBITDA 19.1
EPS(TTM)0
EYN/A
EPS(NY)0.07
Fwd EY3.95%
FCF(TTM)0.22
FCFY12.05%
OCF(TTM)0.26
OCFY14.12%
SpS2.07
BVpS2.04
TBVpS0.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.27%
ROE -9.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 43.32%
FCFM 10.84%
ROA(3y)0.05%
ROA(5y)0.92%
ROE(3y)0.49%
ROE(5y)2.71%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y2.57%
F-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 4.2
Debt/EBITDA 7.05
Cap/Depr 17.01%
Cap/Sales 1.86%
Interest Coverage N/A
Cash Conversion 218.53%
Profit Quality N/A
Current Ratio 2.86
Quick Ratio 1.76
Altman-Z 1.56
F-Score5
WACC7.68%
ROIC/WACCN/A
Cap/Depr(3y)17.6%
Cap/Depr(5y)19.92%
Cap/Sales(3y)2.06%
Cap/Sales(5y)1.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.67%
Revenue growth 3Y17.79%
Revenue growth 5Y22.9%
Sales Q2Q%-7.52%
Revenue Next Year11.72%
Revenue Next 2Y12.64%
Revenue Next 3Y12.04%
Revenue Next 5Y21.8%
EBIT growth 1Y-138.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2788.87%
EBIT Next 3Y242.27%
EBIT Next 5YN/A
FCF growth 1Y31.01%
FCF growth 3Y37.06%
FCF growth 5YN/A
OCF growth 1Y35.8%
OCF growth 3Y36.85%
OCF growth 5Y80.88%