MaireTecnimont SpA (IT:MAIRE)
:MAIRE
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MaireTecnimont SpA
(MAIRE)
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Rating:59Neutral
Price Target:
€12.50
▼(-1.19% Downside)
Action:ReiteratedDate:03/07/26
The score is primarily supported by strong revenue growth and improving balance-sheet leverage, but is held back by a sharp 2025 gross-margin drop, recent free-cash-flow declines, and weak near-term technical momentum (below key moving averages with bearish MACD). Valuation is reasonable and provides some offset.
Positive Factors
Revenue Growth
Sustained, large-scale revenue growth reflects strong project wins and higher backlog, indicating the company’s EPC capabilities are in demand. Over 2–6 months this supports predictable top-line momentum, scale benefits for overhead absorption and stronger bargaining leverage with suppliers on future projects.
Negative Factors
Gross Margin Volatility
A sharp margin decline suggests a shift to lower-margin contracts, higher pass-through revenue, or cost overruns. Persistent margin pressure would weaken structural profitability, reduce buffer for cost inflation and impair the firm's ability to absorb project execution shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, large-scale revenue growth reflects strong project wins and higher backlog, indicating the company’s EPC capabilities are in demand. Over 2–6 months this supports predictable top-line momentum, scale benefits for overhead absorption and stronger bargaining leverage with suppliers on future projects.
Read all positive factors
MaireTecnimont SpA (MAIRE) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€4.21B
Dividend Yield2.73%
Average Volume (3M)378.56K
Price to Earnings (P/E)16.4
Beta (1Y)1.13
Revenue Growth30.91%
EPS Growth40.89%
CountryIT
Employees9,966
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.21
Shares Outstanding328,640,440
10 Day Avg. Volume435,367
30 Day Avg. Volume378,556
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)5.97
Price to Sales (P/S)0.61
P/FCF Ratio17.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€16.25Price Target Upside28.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.92
Revenue Forecast (FY)€7.63B
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, lique...
How the Company Makes Money
MAIRE primarily makes money by delivering complex industrial projects and related services under contract. Its main revenue stream comes from EPC/EPCC-type projects: it is paid to engineer, procure equipment and materials, manage construction, and...
MaireTecnimont SpA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.96B | 5.86B | 4.23B | 3.42B | 2.84B |
| Gross Profit | 456.01M | 1.18B | 960.68M | 623.61M | 481.83M |
| EBITDA | 498.38M | 399.19M | 257.73M | 257.56M | 227.96M |
| Net Income | 260.27M | 198.68M | 125.36M | 89.89M | 83.30M |
Balance Sheet | |||||
| Total Assets | 8.16B | 7.41B | 6.34B | 5.39B | 5.21B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37B | 1.16B | 917.09M | 762.46M | 677.10M |
| Total Debt | 761.07M | 994.28M | 862.57M | 897.79M | 876.65M |
| Total Liabilities | 7.39B | 6.77B | 5.76B | 4.86B | 4.68B |
| Stockholders Equity | 712.84M | 595.79M | 526.84M | 491.57M | 493.25M |
Cash Flow | |||||
| Free Cash Flow | 243.19M | 274.73M | 335.16M | 251.38M | 165.90M |
| Operating Cash Flow | 261.25M | 284.94M | 369.70M | 275.78M | 196.50M |
| Investing Cash Flow | -66.21M | -51.56M | -58.97M | -25.22M | -31.02M |
| Financing Cash Flow | 23.79M | 4.90M | -155.83M | -165.20M | -193.71M |
MaireTecnimont SpA Technical Analysis
Negative
12.65
Price Trends
14.36
Negative
13.66
Negative
12.92
Negative
Market Momentum
-0.59
Positive
41.24
Neutral
21.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:MAIRE, the sentiment is Negative. The current price of 12.65 is below the 20-day moving average (MA) of 13.69, below the 50-day MA of 14.36, and below the 200-day MA of 12.92, indicating a bearish trend. The MACD of -0.59 indicates Positive momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 21.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:MAIRE.
MaireTecnimont SpA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €3.74B | 11.22 | 10.25% | 0.62% | -1.69% | -7.64% | |
71 Outperform | €3.09B | 49.15 | 5.96% | 4.61% | -3.04% | -39.96% | |
69 Neutral | €3.41B | 23.93 | 10.16% | 0.72% | -2.00% | 2.11% | |
66 Neutral | €4.60B | 71.84 | 14.30% | ― | 18.44% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | €4.21B | 16.35 | 42.37% | 2.73% | 30.91% | 40.89% | |
58 Neutral | €2.31B | 7.65 | 15.02% | 2.32% | 21.15% | 17.26% |
* Industrials Sector Average
IT:MAIRE
MaireTecnimont SpA
12.65
4.10
47.88%
IT:DAN
Danieli & C.Officine Meccaniche SPA
58.10
29.00
99.64%
IT:ERG
Erg SPA
20.62
3.77
22.34%
IT:FCT
Fincantieri S.p.A.
12.37
2.23
22.05%
IT:IP
Interpump Group SPA
32.00
-3.03
-8.64%
IT:WBD
Webuild SpA
2.30
-1.10
-32.25%
MaireTecnimont SpA Corporate Events
Maire Calls 2026 AGM With Remote Voting, New Incentive Plans and Buyback Mandate
Mar 16, 2026
Maire S.p.A. has convened its ordinary shareholders’ meeting for 15 April 2026, to be held exclusively via telecommunication with participation allowed only through a designated representative, reflecting a continued use of remote corporate ...
Maire Reports Insider-Related Purchase of 2,150 Shares on Milan Market
Mar 6, 2026
Maire S.p.A. disclosed a transaction involving a person closely associated with manager Cristina Finocchi Mahne, in line with EU rules on reporting dealings by individuals connected to senior management. The associated person, Federico Scrocco, pu...
MAIRE Calls April Shareholders’ Meeting and Backs New Incentive Plans
Mar 4, 2026
MAIRE’s board has approved its 2026 remuneration policy report, the report on compensation paid and the corporate governance and ownership structure report for the 2025 financial year, while confirming the independence of several non-executi...
Maire Lifts Dividend After Record 2025 and Raises 2035 Growth Targets
Mar 4, 2026
Maire reported record 2025 results, with revenues rising 20.3% to €7.1 billion, EBITDA up 29.4% to €500.1 million and net profit jumping 33.9% to €284.5 million, all above guidance, while net cash increased to €395.1 millio...
NextChem Wins Record €485 Million Technology Deal for Fertilizer and Methanol Complexes in West Africa
Mar 4, 2026
Maire’s sustainable technology arm NextChem has secured a €485 million contract to license technologies, supply process design packages and proprietary equipment for three large-scale nitrogen fertilizer and methanol complexes in West ...
Maire’s Tecnimont Wins USD 1.3 Billion Petrochemical EPC Contract
Mar 2, 2026
Maire’s subsidiary Tecnimont has secured a major USD 1.3 billion EPC contract to build a hydrocarbon treatment plant, including related utilities and offsite infrastructure, with completion targeted by 2031. The award strengthens Maire’...
MAIRE Completes Tranche of Share Buyback for Incentive Plans
Feb 26, 2026
MAIRE S.p.A. has completed a tranche of its share buyback program launched in December 2025, purchasing 448,496 shares between 20 and 26 February 2026 on Euronext Milan at an average price of €15.435, for a total outlay of about €6.9 m...
MAIRE Adds 766,000 Shares to Buyback Pool for Incentive Plans
Feb 19, 2026
MAIRE has provided an update on its ongoing share buyback program launched in December 2025 to service several long‑term equity incentive and broad‑based employee share ownership plans. The program is designed to supply shares for defe...
MAIRE Buys Back 742,975 Shares to Fund Employee and Management Incentive Plans
Feb 5, 2026
MAIRE S.p.A. has continued to execute its share buyback program on Euronext Milan, acquiring 742,975 treasury shares between 30 January and 5 February 2026 at a weighted average price of €15.121, for a total outlay of roughly €11.23 mi...
Maire’s Tecnimont and Baker Hughes Sign Global LNG Collaboration Deal
Feb 3, 2026
Tecnimont, Maire’s Integrated EC Solutions arm, has signed a non-exclusive memorandum of understanding with energy technology group Baker Hughes to collaborate on modular and scalable liquefied natural gas projects worldwide. The partnership...
MAIRE Continues Share Buyback to Fund Equity Incentive and Employee Ownership Plans
Jan 29, 2026
MAIRE S.p.A. has continued to implement its previously announced share buyback program to service the group’s various equity incentive plans for management and employees. Between 23 and 29 January 2026, the company repurchased 618,388 shares...
MAIRE Advances Share Buyback to Fund Employee Equity Incentive Plans
Dec 30, 2025
MAIRE S.p.A. has reported the latest progress of its share buyback program launched on 1 December 2025 to service various long‑term and broad‑based employee equity incentive plans. Between 19 and 30 December 2025, the company repurchas...
Maire Wins €700 Million in New and Expanded Energy Transition Contracts
Dec 30, 2025
Maire has secured roughly €700 million in additional works and new contracts within its Integrated EC Solutions business unit, underlining growing demand for its energy transition-focused capabilities. About €430 million relates to exp...
Maire’s NextChem Buys Gruppo Ballestra to Boost Fertilizer and Specialty Chemicals Technologies
Dec 24, 2025
NextChem, the sustainable technology arm of Maire, has signed a binding agreement to acquire 100% of Gruppo Ballestra, including Ballestra S.p.A. in Italy, BUSS ChemTech in Switzerland and Ballestra Engineering and Projects in India, in a deal val...
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.