Eurotech S.p.A. (IT:ETH)
:ETH
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Eurotech S.p.A.
(ETH)
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Rating:53Neutral
Price Target:
€1.50
▲(41.51% Upside)
Action:Reiterated
Date:06/03/26
The score is held back mainly by weak and unstable profitability and consistently negative free cash flow, despite moderate leverage. Technicals are supportive with the stock trading well above key moving averages and a positive MACD, but overbought RSI/Stoch readings add near-term risk. Valuation is not supportive given the negative P/E and no dividend yield data.
Positive Factors
Moderate leverage / balance sheet flexibility
Eurotech's moderate debt-to-equity provides balance sheet flexibility relative to many loss-making peers. This structural leverage profile reduces immediate refinancing pressure, giving management time to execute turnaround measures and invest selectively without being forced into distressed capital raises.
Negative Factors
Persistent negative free cash flow
Consistent negative free cash flow increases funding and execution risk: the company cannot sustainably self-fund growth or capex, raising likelihood of equity dilution, debt funding or constrained investment. Over months this undermines strategic flexibility and increases refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage / balance sheet flexibility
Eurotech's moderate debt-to-equity provides balance sheet flexibility relative to many loss-making peers. This structural leverage profile reduces immediate refinancing pressure, giving management time to execute turnaround measures and invest selectively without being forced into distressed capital raises.
Read all positive factors
Eurotech S.p.A. (ETH) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€77.27M
Dividend YieldN/A
Average Volume (3M)285.52K
Price to Earnings (P/E)―
Beta (1Y)0.78
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., 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 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
1.00
Positive
0.97
Positive
0.97
Positive
Market Momentum
0.11
Negative
66.28
Neutral
54.68
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 below the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.00, and above the 200-day MA of 0.97, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 66.28 is Neutral, neither overbought nor oversold. The STOCH value of 54.68 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 | €3.78B | 15.12 | 18.54% | 1.00% | 6.71% | 18.66% | |
64 Neutral | €158.10M | 16.52 | 9.97% | 4.10% | 2.73% | -16.89% | |
64 Neutral | €1.55B | 22.87 | 15.29% | 1.15% | 9.35% | 4.41% | |
57 Neutral | €54.73B | 425.79 | 0.97% | 1.40% | -6.92% | -87.80% | |
56 Neutral | €312.76M | 38.94 | 0.70% | 2.64% | 2.51% | 298.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €77.27M | -8.70 | -51.98% | ― | 4.21% | 83.28% |
* General Sector Average
IT:ETH
Eurotech S.p.A.
1.30
0.51
65.18%
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IT:STMMI
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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....
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...
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.