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Antares Vision SpA (IT:AV)
:AV
Italy Market
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Antares Vision SpA (AV) AI Stock Analysis

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IT:AV

Antares Vision SpA

(AV)

Rating:54Neutral
Price Target:
€4.50
▼(-3.85% Downside)
Antares Vision SpA's overall stock score is primarily driven by financial performance challenges and valuation concerns. Technical analysis presents bullish momentum, but overbought conditions suggest caution. The absence of earnings call insights and corporate events limits additional context for evaluation.
Positive Factors
Cash Generation
The company has significantly improved its cash generation profile, reversing two years of negative operating cash flow through effective working capital management.
Order Intake
Order intake was up +25% YoY (+€10mn), with a strong recovery in the Americas (+37%) indicating a significant reversal of trends, and in Europe (+54%).
Profitability
There is a forecast for a sharp increase in profitability, with adjusted EBITDA expected to rise significantly due to better dynamics on raw materials and operating leverage.
Negative Factors
Market Risks
The US market is a downside risk due to stagnation and introduced tariffs, with potential impacts on margins.
Revenue Decline
1Q revenues slightly down YoY, as expected… AV reported 1Q25 revenues at €40.3mn, a -5% organic decline YoY vs. €42.6mn in 1Q24.

Antares Vision SpA (AV) vs. iShares MSCI Italy ETF (EWI)

Antares Vision SpA Business Overview & Revenue Model

Company DescriptionAntares Vision S.p.A. provides track and trace, and inspection systems for the security and traceability of the products. It offers track and trace products, including serialization modules, aggregation systems, software suites, verification and decommissioning solutions, logistics and warehouse tracking system, and bottle tracking technology for food, cosmetics, medical, pharmaceutical, and beverage sectors. The company also provides beverage inspection solutions, including glass inspection system, cap level control system, bottle orientation system, bottle visual rotating system, and printing control system; food inspection solutions comprising contamination detection system and container inspection system; cosmetic inspection solutions; inspection solutions for medical devices; pharmaceutical inspection machines, such as tablets and capsules inspector, parenteral visual rotating inspections system, raised stopper inspection system, and LYO-check system; and turnkey inspection solutions for beverage from FT system. In addition, it offers smart data management solutions for accurate statistics, predictive analysis, and business intelligence; remote support, software maintenance, and on site intervention services; certification training courses; remote assistance services; spare parts; and consulting services. Antares Vision S.p.A. was founded in 2007 and is headquartered in Travagliato, Italy. Antares Vision S.p.A. is a subsidiary of Regolo S.p.A.
How the Company Makes MoneyAntares Vision SpA generates revenue primarily through the sale of its traceability and inspection systems. These systems include hardware and software solutions that enable companies to track and trace products throughout their lifecycle, ensuring compliance with regulatory standards and enhancing supply chain transparency. Additionally, the company offers after-sales services, maintenance, and support for its installed systems, contributing to its recurring revenue stream. Antares Vision also engages in strategic partnerships and collaborations with other technology providers and industry leaders to expand its market reach and enhance its product offerings, further bolstering its revenue.

Antares Vision SpA Financial Statement Overview

Summary
Antares Vision SpA faces financial challenges, including declining revenues and profitability pressures. While cash flow management has improved, operational inefficiencies and a weakening equity position are concerns. The balance sheet is moderately leveraged, highlighting the need for profitability and asset management improvements.
Income Statement
45
Neutral
Antares Vision SpA's revenue has shown a declining trend, decreasing from 2022 to 2024. The gross profit margin has improved marginally in 2024 compared to 2023, but the company has faced significant EBIT and net income losses in recent years, indicating challenges in profitability. The company needs to address its operational inefficiencies to stabilize its income statement.
Balance Sheet
50
Neutral
The balance sheet shows a moderate level of debt relative to equity, with a debt-to-equity ratio suggesting manageable leverage. However, the declining stockholders' equity from 2022 to 2024 and the decrease in total assets indicate potential risks to financial stability. The equity ratio remains moderate, but the company should focus on strengthening its equity position.
Cash Flow
55
Neutral
The cash flow statement shows a recovery in operating cash flow in 2024 compared to negative figures in previous years, indicating improvements in cash management. Free cash flow has also turned positive, suggesting better capital expenditure management. However, historical volatility in cash flows suggests that the company needs to maintain consistent cash generation to support operations and investments.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue207.49M210.02M224.06M179.13M121.11M
Gross Profit147.11M131.94M122.74M94.60M93.32M
EBITDA13.94M-68.77M22.12M30.59M25.06M
Net Income-18.77M-99.65M18.20M12.40M18.16M
Balance Sheet
Total Assets419.78M436.44M581.99M507.61M362.92M
Cash, Cash Equivalents and Short-Term Investments65.29M56.61M87.92M118.48M129.19M
Total Debt151.55M163.99M149.56M137.71M158.45M
Total Liabilities259.74M268.72M273.14M235.21M227.76M
Stockholders Equity159.84M167.81M308.75M272.33M134.83M
Cash Flow
Free Cash Flow33.18M-23.99M-28.07M13.32M9.12M
Operating Cash Flow43.80M-6.79M-10.47M29.82M16.06M
Investing Cash Flow-6.34M-9.99M-22.14M-136.76M-54.84M
Financing Cash Flow-22.91M-3.07M14.39M88.37M50.13M

Antares Vision SpA Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.68
Price Trends
50DMA
4.44
Positive
100DMA
4.00
Positive
200DMA
3.63
Positive
Market Momentum
MACD
0.07
Negative
RSI
59.87
Neutral
STOCH
74.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:AV, the sentiment is Positive. The current price of 4.68 is above the 20-day moving average (MA) of 4.52, above the 50-day MA of 4.44, and above the 200-day MA of 3.63, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 59.87 is Neutral, neither overbought nor oversold. The STOCH value of 74.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:AV.

Antares Vision SpA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
€10.65B25.586.80%2.54%4.12%-29.71%
54
Neutral
€333.43M
-1.20%
€93.08M19.413.09%
€2.30M-301.74%
€40.88M15.03
2.17%
€39.00M86.81
€20.14M18.46
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:AV
Antares Vision SpA
4.88
1.83
60.00%
GB:0EA2
Elica S.p.A.
1.31
-1.02
-43.78%
GB:0EFO
Fidia Spa
0.40
-725.60
-99.94%
IT:FVI
Fervi SpA
16.10
1.25
8.42%
IT:LDB
Lindbergh S.p.A.
4.13
0.33
8.68%
IT:NUS
Nusco SpA
1.01
0.10
10.99%

Antares Vision SpA Corporate Events

Antares Vision Group Partners with US FMCG Multinational for Global Traceability Platform
Jul 29, 2025

Antares Vision Group has entered into a partnership with a US multinational in the Fast-Moving Consumer Goods sector to implement a global serialization and traceability platform for the cosmetics supply chain. This collaboration highlights Antares Vision’s expertise in regulatory compliance and supply chain visibility, marking a significant advancement in their growth and innovation strategy, particularly in the cosmetic market.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Group Acquires Stake in Genuine Way to Enhance FMCG Traceability and Engagement
Jul 10, 2025

Antares Vision Group has acquired a minority stake in Genuine Way, an Italian scale-up specializing in creating direct links between FMCG brands and consumers. This strategic partnership aims to enhance Antares Vision’s traceability solutions with a consumer engagement module, leveraging Genuine Way’s technology to improve customer loyalty and engagement. The collaboration will also introduce a SaaS solution for supply chain transparency and offer Genuine Way’s solutions to Antares Vision’s clients, expanding its market reach and creating upselling opportunities. The partnership is expected to drive growth and innovation in the FMCG sector, particularly in Italy and Europe, by transforming brand-consumer interactions and enhancing digital engagement.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.60 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Expiration of Antares Vision’s Shareholders’ Agreement
Jul 4, 2025

The shareholders’ agreement involving key stakeholders of Regolo S.p.A., the controlling company of Antares Vision S.p.A., expired on June 30, 2025. This agreement played a crucial role in coordinating shareholder rights and governance prerogatives, impacting the governance system of Antares Vision S.p.A.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Updates Articles of Association
Jun 24, 2025

Antares Vision S.p.A. has announced the availability of its updated articles of association, which have been registered with the Brescia Business Register. This update reflects the company’s commitment to transparency and compliance with current regulations, potentially impacting its governance and stakeholder relations.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Announces Share Capital and Voting Rights Update
Jun 6, 2025

Antares Vision S.p.A. announced a change in its share capital and voting rights following a capital increase executed on May 27, 2025. This increase was part of a stock-based incentive plan for Executive Director Fabio Forestelli, involving the issuance of 138,242 new ordinary shares, and was registered with the Brescia Company Registry on June 4, 2025.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Group Launches AI-GO to Transform Visual Inspection
Jun 4, 2025

Antares Vision Group has introduced AI-GO, an advanced artificial intelligence platform designed to revolutionize visual inspection in the pharmaceutical and manufacturing sectors. AI-GO enhances quality control by identifying complex anomalies and reducing false rejects, thereby improving production efficiency and product quality. This innovation positions Antares Vision Group as a leader in integrating AI into industrial processes, offering a system that learns and adapts to evolving production needs, ultimately supporting smarter and more sustainable manufacturing practices.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.60 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Announces Expiration of Shareholders’ Agreement
May 30, 2025

Antares Vision S.p.A. announced the expiration of a shareholders’ agreement originally signed in 2020, which coordinated the exercise of shareholder rights in Regolo S.p.A., the controlling company of Antares Vision. The termination of this agreement may impact the governance system of Antares Vision, as it previously allowed parties to exercise specific governance prerogatives.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Publishes Shareholders’ Meeting Minutes
May 27, 2025

Antares Vision S.p.A. has announced the publication of the minutes from its Ordinary and Extraordinary Shareholders’ Meeting held on May 7, 2025. This publication, in compliance with current regulations, is accessible at the company’s headquarters, on its website, and through the authorized storage mechanism ‘1INFO’.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Updates Bylaws Post-Shareholders’ Meeting
May 26, 2025

Antares Vision S.p.A. has updated its Bylaws following the Ordinary and Extraordinary Shareholders’ Meeting held on May 7, 2025. The updated Bylaws are now available at the company’s headquarters, on its website, and through the authorized storage mechanism ‘1INFO’. This update reflects the company’s commitment to maintaining transparency and compliance with current regulations, potentially impacting its governance and operational framework.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision Group Partners with Guinea-Bissau for Health System Digitalization
May 26, 2025

Antares Vision Group is partnering with Guinea-Bissau to advance the digital transformation of its national health system, focusing on pharmaceutical traceability and safety. This collaboration aims to establish a digital healthcare ecosystem in West Africa, enhancing transparency and reliability in the pharmaceutical supply chain, and potentially setting a new standard for the region.

The most recent analyst rating on (IT:AV) stock is a Buy with a EUR4.00 price target. To see the full list of analyst forecasts on Antares Vision SpA stock, see the IT:AV Stock Forecast page.

Antares Vision S.p.A. Approves Key Resolutions Amid Financial Improvements
May 7, 2025

Antares Vision S.p.A. held its Ordinary and Extraordinary Shareholders’ Meeting, where several key resolutions were approved, including the financial statements for 2024, a new long-term incentive plan, and capital increases for share-based incentive plans. Despite a reported loss, the company showed significant improvements in its operating margins and a reduction in labor costs, indicating a strategic focus on enhancing financial stability and operational efficiency. These developments are expected to strengthen Antares Vision’s market position and provide value to stakeholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 27, 2025