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TECHNOPROBE SPA (TPRO.MI) Stock Fundamental Analysis

BIT:TPRO - Euronext Milan - IT0005482333 - Common Stock - Currency: EUR

6.255  +0.16 (+2.54%)

Fundamental Rating

5

Overall TPRO gets a fundamental rating of 5 out of 10. We evaluated TPRO against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. TPRO has an excellent financial health rating, but there are some minor concerns on its profitability. TPRO is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

TPRO had positive earnings in the past year.
In the past year TPRO had a positive cash flow from operations.
In the past 5 years TPRO has always been profitable.
In the past 5 years TPRO always reported a positive cash flow from operatings.
TPRO.MI Yearly Net Income VS EBIT VS OCF VS FCFTPRO.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 50M 100M 150M 200M

1.2 Ratios

Looking at the Return On Assets, with a value of 7.09%, TPRO is in line with its industry, outperforming 44.44% of the companies in the same industry.
TPRO has a Return On Equity of 7.88%. This is in the lower half of the industry: TPRO underperforms 66.67% of its industry peers.
With a Return On Invested Capital value of 4.49%, TPRO is not doing good in the industry: 68.52% of the companies in the same industry are doing better.
TPRO had an Average Return On Invested Capital over the past 3 years of 16.40%. This is in line with the industry average of 15.86%.
The 3 year average ROIC (16.40%) for TPRO is well above the current ROIC(4.49%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 7.09%
ROE 7.88%
ROIC 4.49%
ROA(3y)16.51%
ROA(5y)19.19%
ROE(3y)19.55%
ROE(5y)23.48%
ROIC(3y)16.4%
ROIC(5y)20.21%
TPRO.MI Yearly ROA, ROE, ROICTPRO.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 10 20 30

1.3 Margins

The Profit Margin of TPRO (23.70%) is better than 72.22% of its industry peers.
TPRO's Profit Margin has declined in the last couple of years.
The Operating Margin of TPRO (19.50%) is comparable to the rest of the industry.
TPRO's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 48.70%, TPRO perfoms like the industry average, outperforming 57.41% of the companies in the same industry.
TPRO's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 19.5%
PM (TTM) 23.7%
GM 48.7%
OM growth 3Y-23.31%
OM growth 5YN/A
PM growth 3Y-8.27%
PM growth 5YN/A
GM growth 3Y-7.6%
GM growth 5YN/A
TPRO.MI Yearly Profit, Operating, Gross MarginsTPRO.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 20 40 60

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9

2. Health

2.1 Basic Checks

TPRO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for TPRO has been reduced compared to 1 year ago.
Compared to 1 year ago, TPRO has a worse debt to assets ratio.
TPRO.MI Yearly Shares OutstandingTPRO.MI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 200M 400M 600M
TPRO.MI Yearly Total Debt VS Total AssetsTPRO.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 19.35 indicates that TPRO is not in any danger for bankruptcy at the moment.
TPRO has a Altman-Z score of 19.35. This is amongst the best in the industry. TPRO outperforms 96.30% of its industry peers.
TPRO has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
TPRO has a better Debt to FCF ratio (0.53) than 92.59% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that TPRO is not too dependend on debt financing.
TPRO has a better Debt to Equity ratio (0.01) than 94.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.53
Altman-Z 19.35
ROIC/WACC0.42
WACC10.61%
TPRO.MI Yearly LT Debt VS Equity VS FCFTPRO.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 200M 400M 600M 800M

2.3 Liquidity

TPRO has a Current Ratio of 9.94. This indicates that TPRO is financially healthy and has no problem in meeting its short term obligations.
TPRO has a Current ratio of 9.94. This is amongst the best in the industry. TPRO outperforms 100.00% of its industry peers.
TPRO has a Quick Ratio of 8.49. This indicates that TPRO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 8.49, TPRO belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.94
Quick Ratio 8.49
TPRO.MI Yearly Current Assets VS Current LiabilitesTPRO.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 200M 400M 600M

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5

3. Growth

3.1 Past

TPRO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.34%.
TPRO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.36% yearly.
Looking at the last year, TPRO shows a very negative growth in Revenue. The Revenue has decreased by -25.44% in the last year.
TPRO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.49% yearly.
EPS 1Y (TTM)-34.34%
EPS 3Y-1.36%
EPS 5YN/A
EPS Q2Q%-11.95%
Revenue 1Y (TTM)-25.44%
Revenue growth 3Y7.49%
Revenue growth 5YN/A
Sales Q2Q%22.81%

3.2 Future

Based on estimates for the next years, TPRO will show a very strong growth in Earnings Per Share. The EPS will grow by 38.54% on average per year.
The Revenue is expected to grow by 19.82% on average over the next years. This is quite good.
EPS Next Y-6.06%
EPS Next 2Y24.32%
EPS Next 3Y32.35%
EPS Next 5Y38.54%
Revenue Next Year32.73%
Revenue Next 2Y26.88%
Revenue Next 3Y21.53%
Revenue Next 5Y19.82%

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 accelerating.
TPRO.MI Yearly Revenue VS EstimatesTPRO.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
TPRO.MI Yearly EPS VS EstimatesTPRO.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3 0.4

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 39.09 indicates a quite expensive valuation of TPRO.
Based on the Price/Earnings ratio, TPRO is valued a bit more expensive than the industry average as 68.52% of the companies are valued more cheaply.
TPRO is valuated rather expensively when we compare the Price/Earnings ratio to 28.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 36.07 indicates a quite expensive valuation of TPRO.
Based on the Price/Forward Earnings ratio, TPRO is valued a bit more expensive than the industry average as 79.63% of the companies are valued more cheaply.
TPRO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 94.48.
Industry RankSector Rank
PE 39.09
Fwd PE 36.07
TPRO.MI Price Earnings VS Forward Price EarningsTPRO.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

TPRO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. TPRO is more expensive than 61.11% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TPRO indicates a slightly more expensive valuation: TPRO is more expensive than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 129.3
EV/EBITDA 25.72
TPRO.MI Per share dataTPRO.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

4.3 Compensation for Growth

TPRO's earnings are expected to grow with 32.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.32%
EPS Next 3Y32.35%

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0

5. Dividend

5.1 Amount

TPRO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TECHNOPROBE SPA

BIT:TPRO (2/10/2025, 7:00:00 PM)

6.255

+0.16 (+2.54%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-13 2024-11-13
Earnings (Next)N/A N/A
Inst Owners12.9%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.09B
Analysts80
Price Target7.45 (19.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP1.24%
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)0.69%
PT rev (3m)-2.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.13%
EPS NY rev (3m)-3.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.89%
Revenue NY rev (1m)-0.6%
Revenue NY rev (3m)-2.49%
Valuation
Industry RankSector Rank
PE 39.09
Fwd PE 36.07
P/S 9.98
P/FCF 129.3
P/OCF 38.56
P/B 3.32
P/tB 3.6
EV/EBITDA 25.72
EPS(TTM)0.16
EY2.56%
EPS(NY)0.17
Fwd EY2.77%
FCF(TTM)0.05
FCFY0.77%
OCF(TTM)0.16
OCFY2.59%
SpS0.63
BVpS1.88
TBVpS1.74
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.09%
ROE 7.88%
ROCE 6.28%
ROIC 4.49%
ROICexc 9.46%
ROICexgc 11.23%
OM 19.5%
PM (TTM) 23.7%
GM 48.7%
FCFM 7.72%
ROA(3y)16.51%
ROA(5y)19.19%
ROE(3y)19.55%
ROE(5y)23.48%
ROIC(3y)16.4%
ROIC(5y)20.21%
ROICexc(3y)29.27%
ROICexc(5y)35.99%
ROICexgc(3y)31.17%
ROICexgc(5y)39.05%
ROCE(3y)22.93%
ROCE(5y)28.26%
ROICexcg growth 3Y-41.16%
ROICexcg growth 5YN/A
ROICexc growth 3Y-41.24%
ROICexc growth 5YN/A
OM growth 3Y-23.31%
OM growth 5YN/A
PM growth 3Y-8.27%
PM growth 5YN/A
GM growth 3Y-7.6%
GM growth 5YN/A
F-Score5
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.53
Debt/EBITDA 0.1
Cap/Depr 149.27%
Cap/Sales 18.17%
Interest Coverage 250
Cash Conversion 81.75%
Profit Quality 32.58%
Current Ratio 9.94
Quick Ratio 8.49
Altman-Z 19.35
F-Score5
WACC10.61%
ROIC/WACC0.42
Cap/Depr(3y)201.41%
Cap/Depr(5y)247.09%
Cap/Sales(3y)15.13%
Cap/Sales(5y)15.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-34.34%
EPS 3Y-1.36%
EPS 5YN/A
EPS Q2Q%-11.95%
EPS Next Y-6.06%
EPS Next 2Y24.32%
EPS Next 3Y32.35%
EPS Next 5Y38.54%
Revenue 1Y (TTM)-25.44%
Revenue growth 3Y7.49%
Revenue growth 5YN/A
Sales Q2Q%22.81%
Revenue Next Year32.73%
Revenue Next 2Y26.88%
Revenue Next 3Y21.53%
Revenue Next 5Y19.82%
EBIT growth 1Y-61.75%
EBIT growth 3Y-17.57%
EBIT growth 5YN/A
EBIT Next Year63.94%
EBIT Next 3Y49.06%
EBIT Next 5Y46.3%
FCF growth 1Y-27.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.92%
OCF growth 3Y-14.26%
OCF growth 5YN/A