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

5

Taking everything into account, MAPS scores 5 out of 10 in our fundamental rating. MAPS was compared to 116 industry peers in the Software industry. There are concerns on the financial health of MAPS while its profitability can be described as average. MAPS is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. MAPS.MI Profitability Analysis

1.1 Basic Checks

  • MAPS had positive earnings in the past year.
  • MAPS had a positive operating cash flow in the past year.
  • In the past 5 years MAPS has always been profitable.
  • Each year in the past 5 years MAPS had a positive operating cash flow.
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 (3.12%) which is comparable to the rest of the industry.
  • MAPS's Return On Equity of 7.13% is in line compared to the rest of the industry. MAPS outperforms 50.86% of its industry peers.
  • MAPS has a Return On Invested Capital of 6.72%. This is in the better half of the industry: MAPS outperforms 62.07% 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 12.58%.
  • 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 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

  • The Profit Margin of MAPS (5.87%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of MAPS has declined.
  • Looking at the Operating Margin, with a value of 11.21%, MAPS is in the better half of the industry, outperforming 62.93% of the companies in the same industry.
  • MAPS's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 77.70%, MAPS is in the better half of the industry, outperforming 63.79% of the companies in the same industry.
  • MAPS's Gross Margin has improved in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MAPS is destroying value.
  • Compared to 1 year ago, MAPS has about the same amount of shares outstanding.
  • Compared to 5 years ago, MAPS has more shares outstanding
  • MAPS has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.80, we must say that MAPS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of MAPS (1.80) is comparable to the rest of the industry.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 216.87, MAPS is doing worse than 60.34% of the companies in the same industry.
  • MAPS has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of MAPS (0.35) is worse than 60.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 216.87
Altman-Z 1.8
ROIC/WACC0.81
WACC8.29%
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

  • MAPS has a Current Ratio of 1.64. This is a normal value and indicates that MAPS is financially healthy and should not expect problems in meeting its short term obligations.
  • MAPS has a Current ratio of 1.64. This is comparable to the rest of the industry: MAPS outperforms 59.48% 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.
  • The Quick ratio of MAPS (1.06) is worse than 65.52% 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. 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.
  • MAPS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.38% yearly.
  • The Revenue has been growing slightly by 5.11% in the past year.
  • 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

  • The Earnings Per Share is expected to grow by 40.35% on average over the next years. This is a very strong growth
  • 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

6

4. MAPS.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.13, MAPS is valued correctly.
  • 82.76% of the companies in the same industry are more expensive than MAPS, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.74, MAPS is valued a bit cheaper.
  • MAPS is valuated reasonably with a Price/Forward Earnings ratio of 8.02.
  • Based on the Price/Forward Earnings ratio, MAPS is valued cheaper than 93.97% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.82. MAPS is valued rather cheaply when compared to this.
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 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MAPS indicates a rather cheap valuation: MAPS is cheaper than 89.66% of the companies listed 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 60.34% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 451.37
EV/EBITDA 6.04
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.
  • 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%

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 Owners7.54%
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)-16.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.98%
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 6.04
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 1.8
F-Score6
WACC8.29%
ROIC/WACC0.81
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 6 / 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 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.