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Eurotech S.p.A.
(ETH)
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Rating:48Neutral
Price Target:
€1.00
▼(-19.35% Downside)
Action:Reiterated
Date:07/10/26
The score is held down primarily by ongoing losses and negative operating/free cash flow despite a rebound in gross margin and modest TTM revenue growth. Technicals are mixed—longer-term trend support (price above 50/100/200-day averages) is offset by weak near-term momentum (below 20-day, MACD slightly negative, RSI ~42). Valuation is also a risk factor because the negative P/E reflects an unprofitable earnings base and no dividend yield is available to provide support.
Positive Factors
Manageable Leverage
A TTM debt-to-equity near 0.33, improved from 0.44, provides durable financial flexibility. Lower leverage reduces refinancing risk and preserves capacity for targeted R&D, product support, or selective capex while the company works toward consistent profitability.
Negative Factors
Negative Cash Generation
Persistent negative operating (-€3.0M) and free cash flow (-€3.37M) erodes runway and forces reliance on external financing or asset strategies. Continued cash burn constrains investment in product development and service scale, raising execution risk over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
A TTM debt-to-equity near 0.33, improved from 0.44, provides durable financial flexibility. Lower leverage reduces refinancing risk and preserves capacity for targeted R&D, product support, or selective capex while the company works toward consistent profitability.
Read all positive factors
Eurotech S.p.A. (ETH) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€73.83M
Dividend YieldN/A
Average Volume (3M)285.52K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth4.21%
EPS Growth83.28%
CountryIT
Employees303
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.18
Shares Outstanding59,625,546
10 Day Avg. Volume269,207
30 Day Avg. Volume285,520
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.73
Price to Sales (P/S)0.70
P/FCF Ratio-39.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1.25Price Target Upside0.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.05
Revenue Forecast (FY)€61.95M
Eurotech S.p.A. Business Overview & Revenue Model
Company Description
Eurotech S.p.A., an Italian technology company founded in 1992 and based in Amaro, specializes in the design, production, and global distribution of cutting-edge, miniaturized, and high-performance computing solutions. Its extensive product line e...
How the Company Makes Money
Eurotech makes money primarily by selling embedded and edge-computing products and related software and services to business customers that integrate these components into larger systems or deploy them in industrial/IoT solutions. Key revenue stre...
Eurotech S.p.A. Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.81M | 55.38M | 59.57M | 94.25M | 94.46M | 63.35M |
| Gross Profit | 11.33M | 3.07M | 33.62M | 44.91M | 31.42M | 19.36M |
| EBITDA | -1.30M | -2.84M | -27.06M | 5.14M | 6.78M | -2.98M |
| Net Income | -6.91M | -9.27M | -36.16M | -3.12M | -1.62M | -10.41M |
Balance Sheet | ||||||
| Total Assets | 106.20M | 99.62M | 111.37M | 155.52M | 175.75M | 165.05M |
| Cash, Cash Equivalents and Short-Term Investments | 10.47M | 6.46M | 6.23M | 11.56M | 18.25M | 31.82M |
| Total Debt | 20.37M | 23.18M | 26.60M | 32.63M | 33.24M | 26.86M |
| Total Liabilities | 44.95M | 46.90M | 50.70M | 60.20M | 69.23M | 54.62M |
| Stockholders Equity | 61.24M | 52.72M | 60.66M | 95.32M | 106.52M | 110.44M |
Cash Flow | ||||||
| Free Cash Flow | -3.37M | -991.00K | -1.18M | -1.24M | -5.50M | -394.00K |
| Operating Cash Flow | -2.98M | -602.00K | 4.28M | 1.91M | -1.61M | 3.28M |
| Investing Cash Flow | -1.54M | -2.13M | -4.96M | -3.11M | -13.40M | -5.27M |
| Financing Cash Flow | 10.48M | 3.60M | -4.18M | -2.19M | 1.60M | -8.06M |
Eurotech S.p.A. Technical Analysis
Positive
1.24
Price Trends
1.23
Positive
1.08
Positive
1.01
Positive
Market Momentum
>-0.01
Positive
51.68
Neutral
49.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ETH, the sentiment is Positive. The current price of 1.24 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.23, and above the 200-day MA of 1.01, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 49.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ETH.
Eurotech S.p.A. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €3.90B | 16.11 | 17.62% | 1.35% | 6.71% | 18.66% | |
64 Neutral | €158.10M | 16.41 | 9.43% | 3.93% | 2.73% | -16.89% | |
64 Neutral | €1.43B | 20.79 | 15.24% | 1.08% | 9.35% | 4.41% | |
56 Neutral | €305.25M | 42.67 | 2.04% | 2.11% | 2.51% | 298.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €73.83M | -6.77 | -12.32% | ― | 4.21% | 83.28% | |
48 Neutral | €40.95B | 95.63 | 2.66% | 0.66% | 3.00% | -33.57% |
* General Sector Average
IT:ETH
Eurotech S.p.A.
1.20
0.28
30.73%
IT:DAL
Datalogic SPA
5.68
0.93
19.70%
IT:GE
Gefran SPA
10.95
0.93
9.31%
IT:REY
Reply SPA
108.10
-28.29
-20.74%
IT:SES
Sesa S.p.A.
93.75
26.67
39.75%
IT:STMMI
STMicroelectronics NV
44.50
21.81
96.11%
Eurotech S.p.A. Corporate Events
Eurotech CTO Marco Carrer Buys 25,000 Company Shares on Milan Market
Jun 1, 2026
Eurotech has disclosed a management dealing transaction involving group chief technology officer and strategic manager Marco Carrer. According to the notification, Carrer purchased 25,000 Eurotech ordinary shares on the Milan stock exchange at ...
Eurotech shareholders approve 2025 results, renew governance and arm board with €20 million capital mandate
Apr 29, 2026
Eurotech’s shareholders approved the 2025 financial statements, which showed a decline in consolidated revenues to €55.4 million and a reduced but still negative EBIT of €-8.5 million, with the parent company posting an €8....
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.