SECO S.p.A. (IT:IOT)
:IOT
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SECO S.p.A.
(IOT)
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Rating:54Neutral
Price Target:
€2.50
▼(-5.66% Downside)
Action:ReiteratedDate:03/25/26
The score is primarily supported by improved operating momentum and notably stronger recent cash flow with manageable leverage. It is held back by still-unstable profitability (net losses and a sharp gross-margin drop) and weak technicals with the price below key moving averages and negative MACD; valuation cannot be meaningfully assessed with the provided P/E and missing dividend yield.
Positive Factors
Improved free cash flow
Sustained positive operating cash flow and marked free-cash-flow improvement in 2024–2025 provide durable internal funding for R&D, working capital and capex. Strong FCF reduces reliance on external financing and supports reinvestment into edge/IoT product development over the medium term.
Negative Factors
Unstable profitability and margin pressure
Large swings to net losses and a sharp 2025 gross-margin decline signal structural margin risk from pricing, mix or cost pressures. Persistently weaker gross margins would erode the durability of operating improvements and make it harder to convert revenue growth into lasting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved free cash flow
Sustained positive operating cash flow and marked free-cash-flow improvement in 2024–2025 provide durable internal funding for R&D, working capital and capex. Strong FCF reduces reliance on external financing and supports reinvestment into edge/IoT product development over the medium term.
Read all positive factors
SECO S.p.A. (IOT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€352.39M
Dividend YieldN/A
Average Volume (3M)297.44K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth1.84%
EPS Growth-15.49%
CountryIT
Employees784
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.14
Shares Outstanding132,976,120
10 Day Avg. Volume264,927
30 Day Avg. Volume297,441
Financial Highlights & Ratios
PEG Ratio2.67
Price to Book (P/B)2.44
Price to Sales (P/S)3.37
P/FCF Ratio25.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.45Price Target Upside30.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.12
Revenue Forecast (FY)€222.60M
SECO S.p.A. Business Overview & Revenue Model
Company Description
Seco S.p.A. develops embedded micro-computers, integrated systems, and IoT solutions. The company offers modules, single board computers, boxed solutions, HMI solutions, carrier boards, starter kits, and accessories, as well as custom hardware and...
How the Company Makes Money
SECO generates revenue primarily by selling embedded and edge-computing hardware platforms and by providing software and related services that support the deployment and lifecycle management of connected devices.
Key revenue streams typically inc...
SECO S.p.A. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 197.58M | 184.40M | 210.04M | 202.46M | 113.66M |
| Gross Profit | 13.10M | 93.52M | 55.38M | 77.51M | 41.70M |
| EBITDA | 34.56M | 20.72M | 48.62M | 39.66M | 16.35M |
| Net Income | -2.69M | -21.03M | 11.86M | 11.04M | 4.15M |
Balance Sheet | |||||
| Total Assets | 486.08M | 490.93M | 538.50M | 495.23M | 403.50M |
| Cash, Cash Equivalents and Short-Term Investments | 66.66M | 72.58M | 74.82M | 39.59M | 58.83M |
| Total Debt | 115.94M | 125.08M | 139.90M | 168.39M | 168.30M |
| Total Liabilities | 191.62M | 199.20M | 226.00M | 258.68M | 240.50M |
| Stockholders Equity | 272.72M | 271.91M | 290.62M | 215.78M | 145.40M |
Cash Flow | |||||
| Free Cash Flow | 25.73M | 14.41M | 5.98M | -11.51M | -40.00K |
| Operating Cash Flow | 34.79M | 34.89M | 25.69M | 6.76M | 13.61M |
| Investing Cash Flow | -26.02M | -20.20M | -19.99M | -18.42M | -143.81M |
| Financing Cash Flow | -12.86M | -18.13M | 30.73M | -7.06M | 164.72M |
SECO S.p.A. Technical Analysis
Positive
2.65
Price Trends
2.65
Positive
2.77
Negative
2.81
Negative
Market Momentum
-0.04
Negative
55.07
Neutral
74.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:IOT, the sentiment is Positive. The current price of 2.65 is above the 20-day moving average (MA) of 2.53, above the 50-day MA of 2.65, and below the 200-day MA of 2.81, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 55.07 is Neutral, neither overbought nor oversold. The STOCH value of 74.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:IOT.
SECO S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | €10.89B | 80.63 | ― | ― | 38.31% | -30.40% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | €358.77M | 17.01 | 11.82% | 0.80% | 28.77% | -3.40% | |
61 Neutral | €732.92M | 54.11 | 33.79% | 1.54% | 13.74% | -23.30% | |
54 Neutral | €352.39M | -51.58 | -3.24% | ― | 1.84% | -15.49% | |
51 Neutral | €688.38M | -15.45 | -1.19% | 2.02% | 14.90% | -123.79% |
* Technology Sector Average
IT:IOT
SECO S.p.A.
2.65
0.86
48.21%
IT:TXT
TXT e solutions SPA
30.50
1.80
6.29%
IT:TNXT
Tinexta SpA
15.00
7.54
100.94%
IT:ELES
ELES Semiconductor Equipment SpA
3.19
1.69
111.96%
IT:WIIT
WIIT SpA
27.75
14.14
103.92%
IT:TPRO
Technoprobe S.p.A.
16.71
11.89
246.68%
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.