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. There are concerns on the financial health of MAPS while its profitability can be described as average. MAPS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year MAPS was profitable.
- In the past year MAPS had a positive cash flow from operations.
- MAPS had positive earnings in each of the past 5 years.
- Each year in the past 5 years MAPS had a positive operating cash flow.
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.
- MAPS's Return On Invested Capital of 6.72% is fine compared to the rest of the industry. MAPS outperforms 60.50% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MAPS 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
- MAPS has a Profit Margin (5.87%) which is comparable to the rest of the industry.
- MAPS's Profit Margin has declined in the last couple of years.
- The Operating Margin of MAPS (11.21%) is better than 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.
- Looking at the Gross Margin, with a value of 77.70%, MAPS is in the better half of 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
- 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.
- The number of shares outstanding for MAPS has been increased compared to 5 years ago.
- MAPS has a better debt/assets ratio than last year.
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 has a worse Altman-Z score (1.94) than 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.
- The Debt to FCF ratio of MAPS (216.87) is worse than 60.50% of its industry peers.
- A Debt/Equity ratio of 0.35 indicates that MAPS is not too dependend on debt financing.
- MAPS has a Debt to Equity ratio (0.35) which is in line with its industry peers.
| 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.
- MAPS's Current ratio of 1.64 is fine compared to the rest of the industry. MAPS outperforms 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.
- With a Quick ratio value of 1.06, MAPS is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
| 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.
- 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.
- Based on estimates for the next years, MAPS will show a quite strong growth in Revenue. The Revenue will grow by 12.31% on average per year.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 20.40, the valuation of MAPS can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of MAPS indicates a somewhat cheap valuation: MAPS is cheaper than 77.31% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.25. MAPS is valued slightly cheaper when compared to this.
- A Price/Forward Earnings ratio of 10.14 indicates a reasonable valuation of MAPS.
- Based on the Price/Forward Earnings ratio, MAPS is valued cheaper than 90.76% of the companies in the same industry.
- 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
- MAPS has a very decent profitability rating, which 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%
5. Dividend
5.1 Amount
- No dividends for MAPS!.
| 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.