MAPS SPA (MAPS.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:MAPS • IT0005364333

3.06 EUR
+0.02 (+0.66%)
Last: Jan 15, 2026, 07:00 PM
Fundamental Rating

5

MAPS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 122 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year MAPS was profitable.
  • MAPS had a positive operating cash flow in the past year.
  • Each year in the past 5 years MAPS has been profitable.
  • MAPS had a positive operating cash flow in each of the past 5 years.
MAPS.MI Yearly Net Income VS EBIT VS OCF VS FCFMAPS.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M

1.2 Ratios

  • With a Return On Assets value of 3.12%, MAPS perfoms like the industry average, outperforming 47.90% of the companies in the same industry.
  • MAPS's Return On Equity of 7.13% is in line compared to the rest of the industry. MAPS outperforms 49.58% of its industry peers.
  • The Return On Invested Capital of MAPS (6.72%) is better than 60.50% of its industry peers.
  • MAPS had an Average Return On Invested Capital over the past 3 years of 5.29%. This is significantly below the industry average of 13.45%.
  • The 3 year average ROIC (5.29%) for MAPS is below the current ROIC(6.72%), indicating increased profibility in the last year.
Industry RankSector 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%
MAPS.MI Yearly ROA, ROE, ROICMAPS.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • MAPS has a Profit Margin (5.87%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of MAPS has declined.
  • The Operating Margin of MAPS (11.21%) is better than 63.03% of its industry peers.
  • MAPS's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of MAPS (77.70%) is better than 62.18% of its industry peers.
  • In the last couple of years the Gross Margin of MAPS has grown nicely.
Industry RankSector 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%
MAPS.MI Yearly Profit, Operating, Gross MarginsMAPS.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAPS is destroying value.
  • The number of shares outstanding for MAPS remains at a similar level compared to 1 year ago.
  • MAPS has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MAPS has been reduced compared to a year ago.
MAPS.MI Yearly Shares OutstandingMAPS.MI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
MAPS.MI Yearly Total Debt VS Total AssetsMAPS.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

2.2 Solvency

  • MAPS has an Altman-Z score of 1.94. This is not the best score and indicates that MAPS is in the grey zone with still 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.
  • MAPS has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: MAPS outperforms 40.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 216.87
Altman-Z 1.94
ROIC/WACC0.77
WACC8.75%
MAPS.MI Yearly LT Debt VS Equity VS FCFMAPS.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M

2.3 Liquidity

  • A Current Ratio of 1.64 indicates that MAPS should not have too much problems paying its short term obligations.
  • The Current ratio of MAPS (1.64) is better than 60.50% of its industry peers.
  • MAPS has a Quick Ratio of 1.06. This is a normal value and indicates that MAPS is financially healthy and should not expect problems in meeting its short term obligations.
  • MAPS's Quick ratio of 1.06 is on the low side compared to the rest of the industry. MAPS is outperformed by 64.71% of its industry peers.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 1.06
MAPS.MI Yearly Current Assets VS Current LiabilitesMAPS.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

6

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.
  • MAPS shows a small growth in Revenue. In the last year, the Revenue has grown by 5.11%.
  • The Revenue has been growing by 13.05% on average over the past years. This is quite good.
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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
MAPS.MI Yearly Revenue VS EstimatesMAPS.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10M 20M 30M 40M
MAPS.MI Yearly EPS VS EstimatesMAPS.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3 0.4

5

4. Valuation

4.1 Price/Earnings Ratio

  • MAPS is valuated rather expensively with a Price/Earnings ratio of 20.40.
  • 77.31% of the companies in the same industry are more expensive than MAPS, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of MAPS to the average of the S&P500 Index (28.23), we can say MAPS is valued slightly cheaper.
  • MAPS is valuated reasonably with a Price/Forward Earnings ratio of 10.14.
  • Based on the Price/Forward Earnings ratio, MAPS is valued cheaply inside the industry as 90.76% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of MAPS to the average of the S&P500 Index (28.01), we can say MAPS is valued rather cheaply.
Industry RankSector Rank
PE 20.4
Fwd PE 10.14
MAPS.MI Price Earnings VS Forward Price EarningsMAPS.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, MAPS is valued cheaper than 87.39% of the companies in the same industry.
  • 60.50% of the companies in the same industry are cheaper than MAPS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 570.74
EV/EBITDA 7.12
MAPS.MI Per share dataMAPS.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

  • The decent profitability rating of MAPS may justify a higher PE ratio.
  • MAPS's earnings are expected to grow with 40.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.01%
EPS Next 3Y40.35%

0

5. Dividend

5.1 Amount

  • No dividends for MAPS!.
Industry RankSector Rank
Dividend Yield 0%

MAPS SPA

BIT:MAPS (1/15/2026, 7:00:00 PM)

3.06

+0.02 (+0.66%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners7.54%
Inst Owner ChangeN/A
Ins Owners50.07%
Ins Owner ChangeN/A
Market Cap40.64M
Revenue(TTM)32.01M
Net Income(TTM)1.88M
Analysts84.44
Price Target5.22 (70.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-0.39%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-32.29%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.68%
Valuation
Industry RankSector Rank
PE 20.4
Fwd PE 10.14
P/S 1.27
P/FCF 570.74
P/OCF 8.8
P/B 1.54
P/tB N/A
EV/EBITDA 7.12
EPS(TTM)0.15
EY4.9%
EPS(NY)0.3
Fwd EY9.87%
FCF(TTM)0.01
FCFY0.18%
OCF(TTM)0.35
OCFY11.37%
SpS2.41
BVpS1.98
TBVpS-0.24
PEG (NY)N/A
PEG (5Y)N/A
Graham Number2.59
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 7.13%
ROCE 8.29%
ROIC 6.72%
ROICexc 7.49%
ROICexgc 31.18%
OM 11.21%
PM (TTM) 5.87%
GM 77.7%
FCFM 0.22%
ROA(3y)3.32%
ROA(5y)3.66%
ROE(3y)8.11%
ROE(5y)9.49%
ROIC(3y)5.29%
ROIC(5y)4.69%
ROICexc(3y)6.34%
ROICexc(5y)5.95%
ROICexgc(3y)24.88%
ROICexgc(5y)20.62%
ROCE(3y)6.51%
ROCE(5y)5.78%
ROICexgc growth 3Y27.03%
ROICexgc growth 5Y13.72%
ROICexc growth 3Y7.75%
ROICexc growth 5Y-2.25%
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%
F-Score6
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 216.87
Debt/EBITDA 1.27
Cap/Depr 124.6%
Cap/Sales 14.21%
Interest Coverage 250
Cash Conversion 63.82%
Profit Quality 3.79%
Current Ratio 1.64
Quick Ratio 1.06
Altman-Z 1.94
F-Score6
WACC8.75%
ROIC/WACC0.77
Cap/Depr(3y)208.63%
Cap/Depr(5y)241.55%
Cap/Sales(3y)22.2%
Cap/Sales(5y)26.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)68.09%
EPS 3Y-11.01%
EPS 5Y-6.38%
EPS Q2Q%-2.54%
EPS Next Y-0.83%
EPS Next 2Y36.01%
EPS Next 3Y40.35%
EPS Next 5YN/A
Revenue 1Y (TTM)5.11%
Revenue growth 3Y7.92%
Revenue growth 5Y13.05%
Sales Q2Q%17.72%
Revenue Next Year9.61%
Revenue Next 2Y11.84%
Revenue Next 3Y12.48%
Revenue Next 5Y12.31%
EBIT growth 1Y58.75%
EBIT growth 3Y18.28%
EBIT growth 5Y13.4%
EBIT Next Year137.63%
EBIT Next 3Y58.74%
EBIT Next 5Y46.18%
FCF growth 1Y101.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.89%
OCF growth 3Y29.34%
OCF growth 5Y59.94%

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.