MaireTecnimont SpA (MAIRE) AI Stock Analysis

• Market Cap: €3.21B
• Dividend Yield: 3.55%
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): 15.0
• Beta (1Y): 1.09
• Revenue Growth: 39.37%
• EPS Growth: 50.66%
• Country: IT
• Employees: 9,739
• Sector: Industrials
• Sector Strength: 82
• Industry: Engineering & Construction
• EPS (TTM): 0.17
• Shares Outstanding: 328,640,440
• 10 Day Avg. Volume: 1,096,222
• 30 Day Avg. Volume: 1,049,090
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €11.70
• Price Target Upside: 16.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

MaireTecnimont SpA shows strong financial performance with robust revenue growth and profitability. The technical analysis reflects a bullish trend, though caution is advised due to overbought indicators. Valuation metrics are moderate, providing a balanced view of growth and income potential. Overall, the stock is well-positioned for growth, but investors should be mindful of short-term volatility.

Positive Factors

Growth Expectations

Management expects another year of growth and margin expansion.

Technology Advancements

Maire is enhancing its technology platform through its NextChem division, which focuses on sustainable fertilizers, low carbon energy vectors, and circular solutions.

Negative Factors

Market Reaction

The market overreacted to the lower-than-expected guidance and weaker oil price, causing a significant share drop.

MaireTecnimont SpA Business Overview & Revenue Model

Company Description

Maire Tecnimont S.p.A. provides engineering services and works in Italy and internationally. It operates through Hydrocarbons and Green Energy segments. The Hydrocarbons segment designs and constructs plants, including separation, treatment, liquefaction, transportation, storage, regasification, and compression and pumping stations principally for the natural gas chain; chemical and petrochemical industry plants to produce polyethylene and polypropylene, ethylene oxide, ethylene glycol, purified terephthalic acid, ammonia, urea, and fertilizers; and hydro-carbon electric power plants. This segment also issues licenses on patented technology and proprietary know-how to urea producers; designs, packages, and sells fertilizer production equipment; and provides Sulphur recovery process, hydrogen production, and high temperature furnace services. The Green Energy segment offers mechanical plastics recycling and recycled chemicals promotion services; and develops additives and substitutes to oil for fuels or plastics from renewables activities. This segment also provides maintenance and facility management services; general services for temporary construction facilities; and infrastructure design and construction services. In addition, it undertakes works on renewables sector plants, which primarily include solar and wind plants. The company is headquartered in Milan, Italy. Maire Tecnimont S.p.A. operates as a subsidiary of GLV Capital S.p.A.

How the Company Makes Money

Maire Tecnimont SpA generates revenue primarily through its engineering, procurement, and construction (EPC) services, where it undertakes large-scale projects for the oil, gas, petrochemical, and energy industries. The company earns money by securing contracts to design, build, and manage complex industrial plants and facilities. Key revenue streams include project management fees, construction services, and technology licensing. MAIRE's earnings are significantly bolstered by strategic partnerships with major energy companies and governments, as well as its focus on developing proprietary technologies that offer competitive advantages and cater to the increasing global demand for sustainable industrial solutions.

MaireTecnimont SpA Financial Statement Overview

Summary

MaireTecnimont SpA demonstrates strong financial performance with significant revenue growth and profitability improvements. The balance sheet is stable, showing manageable leverage and growing equity. While cash flow generation is robust, there is room for improvement in free cash flow conversion. Overall, the company is positioned well for sustained growth, though attention to optimizing cash flow metrics will further strengthen its financial standing.

Income Statement

MaireTecnimont SpA has shown strong growth with a significant increase in total revenue over the years, reflecting a robust revenue growth trajectory. The gross profit margin has improved, indicating efficient cost management and operational efficiency. The net profit margin has also increased, showcasing enhanced profitability. The EBIT and EBITDA margins have demonstrated stability, underscoring the company's ability to maintain its core operational profitability despite industry challenges.

Balance Sheet

The balance sheet shows a healthy equity ratio, suggesting a strong financial position with adequate shareholder equity relative to total assets. The debt-to-equity ratio indicates a manageable level of debt, though it could be further optimized. Return on equity has improved, reflecting effective management in generating returns for shareholders. The company's financial stability is backed by solid asset management and equity growth.

Cash Flow

Operating cash flow has remained strong, indicating effective cash management and operational efficiency. Free cash flow has grown positively, although the free cash flow to net income ratio suggests potential for improvement in converting earnings to cash flow. The cash flow from operations is well-aligned with net income, highlighting efficient cash generation from core business activities. Continued focus on optimizing free cash flow conversion will enhance financial flexibility.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
5.86B	4.23B	3.42B	2.84B	2.57B
	Gross Profit
1.18B	960.68M	623.61M	481.83M	443.31M
	EBIT
321.61M	216.54M	170.07M	163.73M	108.50M
	EBITDA
399.19M	257.73M	257.56M	227.96M	205.99M
	Net Income Common Stockholders
198.68M	125.36M	89.89M	83.30M	57.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.16B	917.09M	762.46M	677.10M	705.33M
	Total Assets
7.41B	6.34B	5.39B	5.21B	4.92B
	Total Debt
994.28M	862.57M	897.79M	876.65M	1.02B
	Net Debt
-159.50M	-52.94M	135.32M	199.55M	313.56M
	Total Liabilities
6.77B	5.76B	4.86B	4.68B	4.47B
	Stockholders Equity
595.79M	526.84M	491.57M	493.25M	412.84M
Cash Flow		Free Cash Flow
274.73M	335.16M	251.38M	165.90M	-45.76M
	Operating Cash Flow
284.94M	369.70M	275.78M	196.50M	-20.59M
	Investing Cash Flow
-51.56M	-58.97M	-25.22M	-31.02M	-14.78M
	Financing Cash Flow
4.90M	-155.83M	-165.20M	-193.71M	13.30M

MaireTecnimont SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:MAIRE, the sentiment is Positive. The current price of 10.05 is above the 20-day moving average (MA) of 8.54, above the 50-day MA of 8.35, and above the 200-day MA of 7.75, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 75.00 is Negative, neither overbought nor oversold. The STOCH value of 83.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:MAIRE.

MaireTecnimont SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAIRE	70 Outperform	€3.21B	15.00	36.69%	3.55%	39.37%	50.66%
Sector *	64 Neutral	$4.30B	11.84	5.23%	249.82%	4.10%	-10.59%

MaireTecnimont SpA Corporate Events

MAIRE Secures $1.1 Billion in New Contracts for Energy Projects

MAIRE has announced new contracts worth approximately USD 1.1 billion, awarded to its subsidiaries TECNIMONT and KT-Kinetics Technology for engineering, procurement, and construction activities related to gas treatment infrastructures and biofuel facilities. These projects, secured from international clients in Central Asia and Europe, highlight MAIRE’s strong engineering capabilities and enhance its industrial presence in key regions for global energy security.

MAIRE S.p.A. Releases Shareholders’ Meeting Minutes

MAIRE S.p.A. has announced the availability of the minutes from its Ordinary Shareholders’ Meeting held on 14 April 2025. This announcement underscores the company’s commitment to transparency and governance, potentially impacting its stakeholder relations and reinforcing its market position as a transparent and accountable entity.

MAIRE S.p.A. Releases Interim Management Report for Q1 2025

MAIRE S.p.A. has released its Interim Management Report as of March 31, 2025, which is now available to the public. This report underscores the company’s commitment to transparency and highlights its strategic focus on sustainable technology solutions, reinforcing its position in the energy transition sector.

MaireTecnimont Reports Robust Q1 2025 Financial Performance

MaireTecnimont SpA reported strong financial results for the first quarter of 2025, with a 35% increase in revenues to €1.7 billion and a 38.2% rise in EBITDA to €113.5 million. The company’s order backlog grew to €15.4 billion, supported by new contracts worth €3.5 billion. The results highlight the company’s strategic effectiveness and its ability to navigate complex macroeconomic conditions, with a focus on geographical diversification and enhanced revenue visibility.

MAIRE Secures €900 Million in New Awards

MAIRE has announced that its subsidiaries, TECNIMONT and KT-Kinetics Technology, have secured additional works and new awards totaling approximately €900 million. These contracts, involving engineering, procurement, and construction activities for petrochemical infrastructures and green hydrogen facilities, were granted by major international clients in Central Asia and Southern Europe. This development enhances MAIRE’s geographical diversification and strengthens its presence in strategic areas, showcasing the group’s execution capabilities.

MAIRE S.p.A. Completes Share Buyback Program to Support Incentive Plans

MAIRE S.p.A. has successfully completed its share buyback program, purchasing 769,641 shares to support its various share incentive plans. This move is aimed at enhancing the company’s long-term incentive plans for employees and aligns with its strategic goals, potentially strengthening its market position and shareholder value.

MAIRE S.p.A. Advances Share Buyback Program to Support Incentive Plans

MAIRE S.p.A. has announced the purchase of 755,544 own shares on the Euronext Milan market as part of its share buyback program, which supports various long-term incentive plans. This strategic move is aimed at enhancing shareholder value and aligning employee incentives with company performance, reflecting MAIRE’s commitment to its stakeholders and its strategic goals in the energy transition sector.

Maire S.p.A. Strengthens Leadership and Governance Structure

Maire S.p.A. has announced key leadership appointments and confirmations, including Fabrizio Di Amato as Chairman and Alessandro Bernini as CEO and General Manager. These appointments, along with the establishment of internal committees and a new Supervisory Body, are aimed at strengthening the company’s governance and strategic direction. The Board of Directors has also confirmed the independence and qualifications of its members, ensuring compliance with legal and corporate governance standards.

MAIRE S.p.A. Advances Share Buyback Program to Support Incentive Plans

MAIRE S.p.A. has announced the purchase of 845,188 own shares as part of its share buyback program, aimed at supporting various long-term incentive plans. The transactions, conducted on the Euronext Milan market, reflect the company’s strategic focus on enhancing shareholder value and aligning employee incentives with company performance. This move is expected to strengthen MAIRE’s market positioning and demonstrate its commitment to sustainable growth.

MAIRE S.p.A. Announces Voting Rights Ahead of Shareholders’ Meeting

MAIRE S.p.A. has announced the total amount of voting rights ahead of its upcoming Shareholders’ Meeting. This announcement provides transparency and clarity on the company’s governance structure, potentially impacting shareholder decisions and reflecting the company’s commitment to regulatory compliance.

MAIRE S.p.A. Advances Share Buyback Program to Strengthen Incentive Plans

MAIRE S.p.A. has announced the purchase of 1,180,372 of its own shares as part of its share buyback program, which supports various long-term incentive plans. This move, executed on the Euronext Milan market, reflects the company’s strategic efforts to enhance shareholder value and align employee interests with company performance.

MAIRE S.p.A. Releases Pre-Meeting Documentation Ahead of Shareholders’ Meeting

MAIRE S.p.A. has announced the availability of pre-meeting documentation for its upcoming ordinary shareholders’ meeting scheduled for April 2025. The documents include the 2024 Annual Financial Report, corporate governance and ownership structure report, and remuneration policy report, among others. The release of these documents is significant as it provides stakeholders with comprehensive insights into the company’s financial health, governance practices, and strategic direction, potentially impacting investor confidence and the company’s market positioning.

MAIRE S.p.A. Advances Stock Incentive Plans with Share Buyback

MAIRE S.p.A. has announced the purchase of 1,138,198 of its own shares as part of its stock incentive plans, which include several long-term incentive plans and a widespread shareholding plan for employees. This buyback, conducted on the Euronext Milan market, reflects the company’s commitment to its incentive programs and could strengthen its market position by aligning employee interests with company performance.

MAIRE S.p.A. Advances Share Buyback Program to Support Incentive Plans

MAIRE S.p.A. has announced the purchase of 1,066,074 of its own shares as part of its share buyback program, which supports various long-term incentive plans for employees. This move, executed on the Euronext Milan market, reflects the company’s commitment to enhancing shareholder value and aligning employee incentives with company performance.

MaireTecnimont Secures Contract with SATORP for Sustainable Refinery Solutions

MaireTecnimont’s subsidiary, NextChem, has secured a three-year contract with SATORP, a joint venture between Saudi Aramco and TotalEnergies, to enhance the energy efficiency and carbon footprint of the sulfur recovery complex at SATORP’s refinery in Saudi Arabia. This contract not only strengthens MaireTecnimont’s relationship with SATORP but also highlights the company’s role as a leader in process engineering and its commitment to sustainability and innovation in the refining industry.

MAIRE S.p.A. Launches Share Buyback Program to Support Incentive Plans

MAIRE S.p.A. has announced the initiation of a share buyback program starting March 5, 2025, aimed at supporting its various long-term incentive plans. The program, authorized by the shareholders’ meeting, allows for the purchase of up to 7.7 million shares, representing 2.34% of the company’s total shares, with an estimated maximum expenditure of 66.22 million euros. This move is expected to enhance the company’s incentive plans and potentially impact its market positioning by aligning employee interests with shareholder value.

MaireTecnimont Reports Record 2024 Results and Unveils Ambitious 2034 Strategic Plan

MaireTecnimont SpA announced record financial results for 2024, with revenues increasing by 38.5% to €5.9 billion and net profit reaching €212.4 million. The company has approved a strategic plan for 2025-2034, aiming for continued growth through energy diversification and sustainable technologies, with expected revenues to exceed €11 billion by 2034.

Azzurra Capital Acquires Strategic Stake in NEXTCHEM

MAIRE announced that Azzurra Capital has acquired an 8% stake in its subsidiary NEXTCHEM for €110 million, valuing NEXTCHEM at €1.4 billion. This strategic investment is expected to enhance NEXTCHEM’s growth and market positioning in the sustainable technology sector, with Azzurra Capital’s experience as a long-term investor contributing to value creation for stakeholders.

MaireTecnimont Secures USD 3.5 Billion in New Contracts

MaireTecnimont SpA has secured new contracts worth approximately USD 3.5 billion for projects in Southern Europe, Sub-Saharan Africa, and Central Asia. These contracts will enhance the company’s geographical presence and demonstrate its expertise in executing large-scale, complex projects, further solidifying its position in the industry.

NEXTCHEM Secures Contract for World’s Largest Ultra-Low Carbon Methanol Plant

NEXTCHEM, a subsidiary of MAIRE, has secured a license contract to implement its NX AdWinMethanol® Zero technology for the Pacifico Mexinol project in Mexico, which aims to become the world’s largest ultra-low carbon methanol plant. This project, valued at approximately 250 million euros, highlights MAIRE’s strategic role in the energy transition by providing sustainable solutions that significantly reduce carbon emissions in methanol production, benefiting various chemical industry sectors.