Eurotech S.p.A. (IT:ETH)
:ETH
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Eurotech S.p.A.
(ETH)
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Rating:47Neutral
Price Target:
€0.93
▼(-12.64% Downside)
Action:Reiterated
Date:04/10/26
The score is held down primarily by weak and volatile profitability and persistently negative free cash flow, which raise execution and funding risk despite moderate leverage. Technical indicators are broadly neutral with slightly negative momentum, while valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
Integrated IoT hardware + software/services
A combined hardware, software and engineering-services model creates multiple revenue channels and customer stickiness. Durable B2B solution sales and integration work support long product lifecycles, recurring service opportunities and higher switching costs versus pure-play hardware sellers.
Negative Factors
Persistent negative free cash flow
Consistently negative free cash flow is a durable liquidity concern that increases reliance on external funding. It constrains the company's ability to self-fund growth, capital expenditure or R&D and raises execution risk if capital markets tighten or financing costs rise materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated IoT hardware + software/services
A combined hardware, software and engineering-services model creates multiple revenue channels and customer stickiness. Durable B2B solution sales and integration work support long product lifecycles, recurring service opportunities and higher switching costs versus pure-play hardware sellers.
Read all positive factors
Eurotech S.p.A. (ETH) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€55.40M
Dividend YieldN/A
Average Volume (3M)285.52K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth4.21%
EPS Growth83.28%
CountryIT
Employees361
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-1.07
Shares Outstanding59,625,546
10 Day Avg. Volume269,207
30 Day Avg. Volume285,520
Financial Highlights & Ratios
PEG Ratio0.06
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 Upside17.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)€62.50M
Eurotech S.p.A. Business Overview & Revenue Model
Company Description
Eurotech S.p.A. engages in the research and development, production, and marketing of miniaturized computers and high-performance computers featuring high computing capacity in Italy and internationally. The company offers embedded boards and modu...
How the Company Makes Money
Eurotech makes money primarily by selling industrial hardware and related solution offerings to business customers (B2B). Key revenue streams typically include: (1) Sales of embedded and ruggedized computing hardware (e.g., industrial PCs, embedde...
Eurotech S.p.A. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
31
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.79M | 55.38M | 59.57M | 94.25M | 94.46M | 63.35M |
| Gross Profit | 24.55M | 986.00K | 33.62M | 44.91M | 31.42M | 19.36M |
| EBITDA | -29.05M | -4.90M | -27.06M | 5.14M | 6.78M | -2.98M |
| Net Income | -38.06M | -9.27M | -36.16M | -3.12M | -1.62M | -10.41M |
Balance Sheet | ||||||
| Total Assets | 106.35M | 99.62M | 111.37M | 155.52M | 175.75M | 165.05M |
| Cash, Cash Equivalents and Short-Term Investments | 6.42M | 6.46M | 6.23M | 11.56M | 18.25M | 31.82M |
| Total Debt | 25.02M | 23.18M | 26.60M | 32.63M | 33.24M | 26.86M |
| Total Liabilities | 50.31M | 46.90M | 50.70M | 60.20M | 69.23M | 54.62M |
| Stockholders Equity | 56.05M | 52.72M | 60.66M | 95.32M | 106.52M | 110.44M |
Cash Flow | ||||||
| Free Cash Flow | 2.71M | -991.00K | -1.18M | -1.24M | -5.50M | -394.00K |
| Operating Cash Flow | 4.83M | -602.00K | 4.28M | 1.91M | -1.61M | 3.28M |
| Investing Cash Flow | -4.52M | -2.13M | -4.96M | -3.11M | -13.40M | -5.27M |
| Financing Cash Flow | 1.13M | 3.60M | -4.18M | -2.19M | 1.60M | -8.06M |
Eurotech S.p.A. Technical Analysis
Positive
1.06
Price Trends
0.93
Positive
0.94
Negative
0.95
Negative
Market Momentum
<0.01
Negative
51.73
Neutral
40.38
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 1.06 is above the 20-day moving average (MA) of 0.91, above the 50-day MA of 0.93, and above the 200-day MA of 0.95, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.73 is Neutral, neither overbought nor oversold. The STOCH value of 40.38 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | €3.86B | 8.51 | 18.54% | 1.00% | 6.71% | 18.66% | |
64 Neutral | €150.20M | 34.41 | 9.97% | 4.10% | 2.73% | -16.89% | |
62 Neutral | €1.38B | 12.37 | 15.29% | 1.15% | 9.35% | 4.41% | |
61 Neutral | €49.33B | 223.04 | 0.97% | 1.40% | -6.92% | -87.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €225.32M | -11.99 | 0.70% | 2.64% | 2.51% | 298.97% | |
47 Neutral | €55.40M | -13.70 | -51.98% | ― | 4.21% | 83.28% |
* General Sector Average
IT:ETH
Eurotech S.p.A.
0.93
0.11
13.94%
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-28.60%
IT:SES
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Eurotech S.p.A. Corporate Events
Eurotech Publishes Board Slates and Remuneration Report Ahead of April Shareholders’ Meeting
Apr 8, 2026
Eurotech has published the lists of candidates proposed by shareholder Emera S.r.l. for the renewal of its board of directors and board of statutory auditors ahead of the 29 April 2026 shareholders’ meeting in Amaro. The documentation is ava...
Eurotech Reopens Slate Deadline for Board of Statutory Auditors
Apr 5, 2026
Eurotech S.p.A. is a multinational technology company that designs, develops and supplies edge computers and Internet of Things solutions, providing integrated hardware, software and services to system integrators and enterprises. Its offerings sp...
Eurotech publishes 2025 annual financial statements ahead of April shareholder meeting
Mar 31, 2026
Eurotech has published its separate and consolidated financial statements for the year ended December 31, 2025, ahead of the shareholders’ meeting scheduled for April 29, 2026. The annual report package, including the management and corporat...
Eurotech Publishes Call and Documentation for April 2026 Shareholders’ Meeting
Mar 20, 2026
Eurotech S.p.A. has published the notice convening its ordinary and extraordinary shareholders’ meeting for 29 April 2026, making the full call documentation available at its registered office, on its corporate website and through the author...
Eurotech Narrows Losses in 2025 as Edge AIoT Nears 60% of Revenue
Mar 16, 2026
Eurotech reported 2025 consolidated revenues of €55.4 million, down 6.4% year on year, but delivered a sharp improvement in operating profitability thanks to reorganization and efficiency measures. EBITDA narrowed its loss to €3.1 mill...
Eurotech Board Sets Guidance on Optimal Composition of Next Governing Body
Mar 5, 2026
Eurotech’s Board of Directors has outlined its preferred quantitative and qualitative profile for the next board, in line with corporate governance best practices and the findings of its recent self-assessment. The current board’s mand...
Eurotech Updates Disclosure on Shareholders’ Agreement Under Italian Market Rules
Mar 4, 2026
Eurotech S.p.A., a multinational provider of Edge Computers and Internet of Things solutions for system integrators and enterprises, offers IoT platforms, Edge Gateways for asset monitoring and high-performance Edge Computers for AI-driven applica...
Eurotech Reports Major Insider-Related Purchase of Equity-Linked Instruments
Feb 27, 2026
Eurotech disclosed a transaction involving EMERA SRL, a company closely associated with board members Aldo Fumagalli and Davide Albino Carando, concerning a financial instrument linked to Eurotech shares. On 24 February 2026, EMERA SRL purchased 8...
Eurotech completes €17.5 million rights issue with near-total subscription
Feb 25, 2026
Eurotech has successfully completed a capital increase with pre-emptive rights, raising approximately €17.5 million through the subscription of 20,996,430 new ordinary shares, equal to virtually all of the shares offered. The near-total take...
Eurotech reports insider-related subscription of ordinary shares
Feb 25, 2026
Eurotech has disclosed a share transaction involving Monica Fiordalisi, who is classified as a person closely associated with board director Davide Albino Carnado. The filing, made under EU market abuse rules, highlights the continued regulatory f...
Eurotech Puts Remaining High‑Risk Rights From Capital Increase on the Market
Feb 20, 2026
Eurotech is proceeding with a paid, divisible share capital increase of up to 20,996,436 new ordinary shares, offered to existing shareholders at €0.833 per share in a 6‑for‑11 ratio, for a maximum rights‑offering value of ...
Eurotech Completes 75% of Rights Issue, Moves Remaining Rights to Market
Feb 19, 2026
Eurotech has completed the main subscription period of its share capital increase, with 75.21% of the 20,996,436 new shares taken up, raising about €13.2 million and confirming strong participation from shareholders, including Emera S.r.l. w...
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.