MAPS SPA (MAPS.MI) Fundamental Analysis & Valuation

BIT:MAPS • IT0005364333

2.42 EUR
-0.05 (-2.02%)
Last: Mar 5, 2026, 07:00 PM

This MAPS.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall MAPS gets a fundamental rating of 4 out of 10. We evaluated MAPS against 121 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.


Dividend Valuation Growth Profitability Health

5

1. MAPS.MI Profitability Analysis

1.1 Basic Checks

  • MAPS had positive earnings in the past year.
  • In the past year MAPS had a positive cash flow from operations.
  • 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.
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

  • MAPS has a Return On Assets of 3.12%. This is comparable to the rest of the industry: MAPS outperforms 46.28% of its industry peers.
  • MAPS's Return On Equity of 7.13% is in line compared to the rest of the industry. MAPS outperforms 47.93% of its industry peers.
  • MAPS has a Return On Invested Capital of 6.72%. This is comparable to the rest of the industry: MAPS outperforms 58.68% 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 13.12%.
  • 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's Profit Margin of 5.87% is in line compared to the rest of the industry. MAPS outperforms 51.24% of its industry peers.
  • MAPS's Profit Margin has declined in the last couple of years.
  • MAPS's Operating Margin of 11.21% is in line compared to the rest of the industry. MAPS outperforms 59.50% of its industry peers.
  • In the last couple of years the Operating Margin of MAPS has remained more or less at the same level.
  • MAPS has a better Gross Margin (77.70%) than 62.81% 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. MAPS.MI Health Analysis

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 1.79. This is a bad value and indicates that MAPS is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.79, MAPS is not doing good in the industry: 60.33% of the companies in the same industry are doing better.
  • 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.
  • MAPS's Debt to FCF ratio of 216.87 is on the low side compared to the rest of the industry. MAPS is outperformed by 63.64% 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 of 0.35. This is in the lower half of the industry: MAPS underperforms 61.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 216.87
Altman-Z 1.79
ROIC/WACC0.8
WACC8.36%
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.
  • MAPS has a better Current ratio (1.64) than 61.16% of its industry peers.
  • A Quick Ratio of 1.06 indicates that MAPS should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.06, MAPS is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
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. MAPS.MI Growth Analysis

3.1 Past

  • MAPS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 68.09%, which is quite impressive.
  • Measured over the past years, MAPS shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.38% on average per year.
  • Looking at the last year, MAPS shows a small growth in Revenue. The Revenue has grown by 5.11% in the last year.
  • MAPS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.05% yearly.
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

  • Based on estimates for the next years, MAPS will show a very strong growth in Earnings Per Share. The EPS will grow by 40.35% on average per year.
  • The Revenue is expected to grow by 12.31% on average over the next years. This is quite good.
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. MAPS.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.13, MAPS is valued correctly.
  • Based on the Price/Earnings ratio, MAPS is valued a bit cheaper than 79.34% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MAPS to the average of the S&P500 Index (26.46), we can say MAPS is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 8.02, which indicates a very decent valuation of MAPS.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MAPS indicates a rather cheap valuation: MAPS is cheaper than 93.39% of the companies listed in the same industry.
  • MAPS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 16.13
Fwd PE 8.02
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MAPS is valued cheaper than 90.08% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAPS indicates a slightly more expensive valuation: MAPS is more expensive than 63.64% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 451.37
EV/EBITDA 5.95
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

  • 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. MAPS.MI Dividend Analysis

5.1 Amount

  • MAPS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

MAPS.MI Fundamentals: All Metrics, Ratios and Statistics

MAPS SPA

BIT:MAPS (3/5/2026, 7:00:00 PM)

2.42

-0.05 (-2.02%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners7.92%
Inst Owner ChangeN/A
Ins Owners50.07%
Ins Owner ChangeN/A
Market Cap32.14M
Revenue(TTM)32.01M
Net Income(TTM)1.88M
Analysts84.44
Price Target5.22 (115.7%)
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%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.2%
Valuation
Industry RankSector Rank
PE 16.13
Fwd PE 8.02
P/S 1
P/FCF 451.37
P/OCF 6.96
P/B 1.22
P/tB N/A
EV/EBITDA 5.95
EPS(TTM)0.15
EY6.2%
EPS(NY)0.3
Fwd EY12.48%
FCF(TTM)0.01
FCFY0.22%
OCF(TTM)0.35
OCFY14.37%
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 1.79
F-Score6
WACC8.36%
ROIC/WACC0.8
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 4 / 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 5 / 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 16.13 and the Price/Book (PB) ratio is 1.22.


Can you provide the financial health for MAPS stock?

The financial health rating of MAPS SPA (MAPS.MI) is 3 / 10.