MaireTecnimont SpA (MAIRE) AI Stock Analysis

• Market Cap: €4.01B
• Dividend Yield: 2.91%
• Average Volume (3M): 638.83K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 1.05
• Revenue Growth: 39.37%
• EPS Growth: 50.66%
• Country: IT
• Employees: 9,966
• Sector: Industrials
• Sector Strength: 90
• Industry: Engineering & Construction
• EPS (TTM): 0.17
• Shares Outstanding: 328,640,440
• 10 Day Avg. Volume: 389,556
• 30 Day Avg. Volume: 638,832
• PEG Ratio: 1.42
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.05
• 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: €12.00
• Price Target Upside: -1.96% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 82 Outperform
• Price Target: €13.00 ▲(6.21%Upside)

MaireTecnimont SpA's overall stock score is driven by strong technical analysis indicating bullish momentum and a solid financial performance. Valuation metrics are reasonable, providing a balanced view of growth potential and income return. The absence of recent earnings call and corporate events data did not impact the score.

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

MaireTecnimont SpA generates revenue through its comprehensive EPC services offered to the oil, gas, and petrochemical industries. The company's revenue model is primarily based on large-scale contracts for designing and constructing industrial plants. Key revenue streams include engineering services, procurement of materials and equipment, and construction management. MaireTecnimont also benefits from strategic partnerships and alliances with major industry players, which enhance its project execution capabilities and expand its market reach. Additionally, the company's focus on sustainable and innovative solutions attracts clients seeking to modernize and optimize their industrial operations, contributing to its earnings.

MaireTecnimont SpA Financial Statement Overview

Summary

MaireTecnimont SpA demonstrates a solid financial performance with strong revenue growth and profitability improvements. The balance sheet is stable, with manageable leverage and growing equity. While cash flow generation is robust, there is room for improvement in free cash flow conversion.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.32B	5.86B	4.23B	3.42B	2.84B	2.57B
Gross Profit	1.12B	1.18B	960.68M	623.61M	481.83M	443.31M
EBITDA	431.73M	399.19M	257.73M	257.56M	227.96M	205.99M
Net Income	216.44M	198.68M	125.36M	89.89M	83.30M	57.80M
Balance Sheet
Total Assets	7.67B	7.41B	6.34B	5.39B	5.21B	4.92B
Cash, Cash Equivalents and Short-Term Investments	1.25B	1.16B	917.09M	762.46M	677.10M	705.33M
Total Debt	1.14B	994.28M	862.57M	897.79M	876.65M	1.02B
Total Liabilities	6.98B	6.77B	5.76B	4.86B	4.68B	4.47B
Stockholders Equity	640.82M	595.79M	526.84M	491.57M	493.25M	412.84M
Cash Flow
Free Cash Flow	247.34M	274.73M	335.16M	251.38M	165.90M	-45.76M
Operating Cash Flow	268.02M	284.94M	369.70M	275.78M	196.50M	-20.59M
Investing Cash Flow	-55.40M	-51.56M	-58.97M	-25.22M	-31.02M	-14.78M
Financing Cash Flow	85.47M	4.90M	-155.83M	-165.20M	-193.71M	13.30M

MaireTecnimont SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

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 12.24 is above the 20-day moving average (MA) of 11.67, above the 50-day MA of 11.23, and above the 200-day MA of 8.78, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 71.88 is Negative, neither overbought nor oversold. The STOCH value of 69.97 is Neutral, 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	82 Outperform	€4.01B	18.54	36.69%	2.91%	39.37%	50.66%
Sector *	65 Neutral	$10.94B	15.63	5.18%	1.91%	3.14%	-27.13%
0APM	―	€2.30B	7.02	10.20%	0.89%	―	―
0MHC	―	€2.80B	14.65	8.74%	5.34%	―	―
0QWN	―	€5.34B	119.97	5.12%	―	―	―
0EWD	―	€3.69B	16.98	11.06%	0.95%	―	―
0BJP	―	€3.89B	19.69	11.69%	2.09%	―	―

MaireTecnimont SpA Corporate Events

NEXTCHEM Secures €210 Million Contract for World’s Largest Low-Carbon Methanol Plant

NEXTCHEM, a subsidiary of MaireTecnimont, has secured a €210 million contract for the Pacifico Mexinol low-carbon methanol project in Mexico, which will be the largest of its kind globally. Utilizing its NX AdWinMethanol® Zero technology, NEXTCHEM aims to significantly reduce carbon emissions, contributing to the decarbonization of various sectors and marking a pivotal development in the global energy transition.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

MaireTecnimont’s NEXTCHEM and newcleo Form Joint Venture for Advanced Nuclear Technology

MaireTecnimont’s subsidiary, NEXTCHEM, and newcleo SA have formed a joint venture, Nextcleo S.p.A., to advance the development of next-generation nuclear plants using newcleo’s advanced modular reactor technology. This partnership aims to integrate nuclear energy into the grid and chemical districts, supporting decarbonization efforts. The agreement positions TECNIMONT as a preferred supplier and leverages both companies’ expertise to create innovative solutions in nuclear technology. The collaboration is expected to have significant implications for the nuclear energy sector, with plans for a prototype in Italy by 2026 and a commercial reactor in France by 2031.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

MAIRE S.p.A. Completes Successful Share Placement

MAIRE S.p.A. has successfully completed the placement of 4,981,118 ordinary shares, representing approximately 1.5% of its total shares, at a price of Euro 10.25 per share, raising approximately Euro 51.1 million. This transaction, part of the company’s Long-Term Incentive Plans, was executed through an accelerated bookbuilding procedure targeting Italian qualified and foreign institutional investors, and is expected to impact the company’s financial flexibility and shareholder value.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

MaireTecnimont Launches Share Placement for Incentive Plan Beneficiaries

MaireTecnimont S.p.A. has initiated the placement of up to 4,981,118 ordinary shares as part of its Long-Term Incentive Plans 2022-2024 and 2023-2025. This placement, aimed at qualified institutional investors, is conducted through an accelerated bookbuilding process, with proceeds primarily used to cover tax burdens for beneficiaries.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

MAIRE S.p.A. Announces Adjustment in Voting Rights

MAIRE S.p.A. announced a change in the total amount of voting rights following a recent communication, resulting in a slight reduction. The company’s share capital remains unchanged, with 328,640,432 ordinary shares. This adjustment reflects the cessation of increased voting rights for 32,566 ordinary shares, impacting the total voting rights but not the number of shares. The announcement underscores MAIRE’s commitment to transparency and regulatory compliance, maintaining its strong position in the market.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

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.