MAPS SPA (MAPS.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:MAPS - IT0005364333 - Common Stock
3.06 EUR
+0.02 (+0.66%)
We assign a fundamental rating of 5 out of 10 to MAPS. MAPS was compared to 114 industry peers in the Software industry. While MAPS is still in line with the averages on profitability rating, there are concerns on its financial health. MAPS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year MAPS was profitable.
- MAPS had a positive operating cash flow in the past year.
- MAPS had positive earnings in each of the past 5 years.
- MAPS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.12%, MAPS is in line with its industry, outperforming 47.90% of the companies in the same industry.
- MAPS has a Return On Equity (7.13%) which is in line with its industry peers.
- Looking at the Return On Invested Capital, with a value of 6.72%, MAPS is in the better half of the industry, outperforming 60.50% of the companies in the same industry.
- MAPS had an Average Return On Invested Capital over the past 3 years of 5.29%. This is significantly below the industry average of 13.49%.
- The last Return On Invested Capital (6.72%) for MAPS is above the 3 year average (5.29%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.12% | ||
| ROE | 7.13% | ||
| ROIC | 6.72% |
ROA(3y)3.32%
ROA(5y)3.66%
ROE(3y)8.11%
ROE(5y)9.49%
ROIC(3y)5.29%
ROIC(5y)4.69%
1.3 Margins
- Looking at the Profit Margin, with a value of 5.87%, MAPS is in line with its industry, outperforming 53.78% of the companies in the same industry.
- MAPS's Profit Margin has declined in the last couple of years.
- MAPS's Operating Margin of 11.21% is fine compared to the rest of the industry. MAPS outperforms 63.03% of its industry peers.
- In the last couple of years the Operating Margin of MAPS has remained more or less at the same level.
- With a decent Gross Margin value of 77.70%, MAPS is doing good in the industry, outperforming 62.18% of the companies in the same industry.
- In the last couple of years the Gross Margin of MAPS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.21% | ||
| PM (TTM) | 5.87% | ||
| GM | 77.7% |
OM growth 3Y9.6%
OM growth 5Y0.31%
PM growth 3Y-15.7%
PM growth 5Y-12.24%
GM growth 3Y6.68%
GM growth 5Y1.59%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MAPS is destroying value.
- MAPS has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, MAPS has more shares outstanding
- The debt/assets ratio for MAPS has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 1.94 indicates that MAPS is not a great score, but indicates only limited risk for bankruptcy at the moment.
- MAPS's Altman-Z score of 1.94 is on the low side compared to the rest of the industry. MAPS is outperformed by 61.34% of its industry peers.
- MAPS has a debt to FCF ratio of 216.87. This is a negative value and a sign of low solvency as MAPS would need 216.87 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 216.87, MAPS is not doing good in the industry: 60.50% of the companies in the same industry are doing better.
- A Debt/Equity ratio of 0.35 indicates that MAPS is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.35, MAPS perfoms like the industry average, outperforming 40.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 216.87 | ||
| Altman-Z | 1.94 |
ROIC/WACC0.77
WACC8.75%
2.3 Liquidity
- A Current Ratio of 1.64 indicates that MAPS should not have too much problems paying its short term obligations.
- With a decent Current ratio value of 1.64, MAPS is doing good in the industry, outperforming 60.50% of the companies in the same industry.
- A Quick Ratio of 1.06 indicates that MAPS should not have too much problems paying its short term obligations.
- The Quick ratio of MAPS (1.06) is worse than 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 68.09% over the past year.
- The Earnings Per Share has been decreasing by -6.38% on average over the past years.
- Looking at the last year, MAPS shows a small growth in Revenue. The Revenue has grown by 5.11% in the last year.
- Measured over the past years, MAPS shows a quite strong growth in Revenue. The Revenue has been growing by 13.05% on average per year.
EPS 1Y (TTM)68.09%
EPS 3Y-11.01%
EPS 5Y-6.38%
EPS Q2Q%-2.54%
Revenue 1Y (TTM)5.11%
Revenue growth 3Y7.92%
Revenue growth 5Y13.05%
Sales Q2Q%17.72%
3.2 Future
- MAPS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.35% yearly.
- MAPS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.31% yearly.
EPS Next Y-0.83%
EPS Next 2Y36.01%
EPS Next 3Y40.35%
EPS Next 5YN/A
Revenue Next Year9.61%
Revenue Next 2Y11.84%
Revenue Next 3Y12.48%
Revenue Next 5Y12.31%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 20.40, MAPS is valued on the expensive side.
- Based on the Price/Earnings ratio, MAPS is valued a bit cheaper than 77.31% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.25. MAPS is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 10.14, which indicates a very decent valuation of MAPS.
- 90.76% of the companies in the same industry are more expensive than MAPS, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. MAPS is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.4 | ||
| Fwd PE | 10.14 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MAPS is valued cheaply inside the industry as 87.39% of the companies are valued more expensively.
- 60.50% of the companies in the same industry are cheaper than MAPS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 570.74 | ||
| EV/EBITDA | 7.12 |
4.3 Compensation for Growth
- The decent profitability rating of MAPS may justify a higher PE ratio.
- A more expensive valuation may be justified as MAPS's earnings are expected to grow with 40.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.01%
EPS Next 3Y40.35%
5. Dividend
5.1 Amount
- MAPS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MAPS SPA / MAPS.MI FAQ
Can you provide the ChartMill fundamental rating for MAPS SPA?
ChartMill assigns a fundamental rating of 5 / 10 to MAPS.MI.
What is the valuation status of MAPS SPA (MAPS.MI) stock?
ChartMill assigns a valuation rating of 5 / 10 to MAPS SPA (MAPS.MI). This can be considered as Fairly Valued.
How profitable is MAPS SPA (MAPS.MI) stock?
MAPS SPA (MAPS.MI) has a profitability rating of 6 / 10.
What are the PE and PB ratios of MAPS SPA (MAPS.MI) stock?
The Price/Earnings (PE) ratio for MAPS SPA (MAPS.MI) is 20.4 and the Price/Book (PB) ratio is 1.54.
Can you provide the financial health for MAPS stock?
The financial health rating of MAPS SPA (MAPS.MI) is 3 / 10.