Esprinet Spa (PRT) AI Stock Analysis

• Market Cap: €222.69M
• Dividend Yield: 6.66%
• Average Volume (3M): 377.06K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.92
• Revenue Growth: 5.75%
• EPS Growth: 8.26%
• Country: IT
• Employees: 1,808
• Sector: Technology
• Sector Strength: 88
• Industry: Technology Distributors
• EPS (TTM): 0.28
• Shares Outstanding: 50,417,416
• 10 Day Avg. Volume: 193,273
• 30 Day Avg. Volume: 377,057
• PEG Ratio: -2.21
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.07
• P/FCF Ratio: 6.61
• 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: €6.67
• Price Target Upside: 46.27% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.56
• Revenue Forecast (FY): €4.47B

• Rating: 54 Neutral
• Price Target: €4.50 ▼(-1.32% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

Overall score reflects mixed financial performance with structurally low margins and volatile cash conversion as the primary constraint. Technicals are notably weak (price below key moving averages, negative MACD), while valuation is balanced by a high dividend yield offsetting a high P/E.

Positive Factors

Established distribution model & channel services

Esprinet’s core wholesale distribution model and integrated logistics create recurring transactional volume and sticky channel relationships. That combination supports steady revenue throughput and service margins over time, anchoring cash generation when supplier and reseller demand are stable.

Revenue recovery and recent growth

A rebound from the 2023 trough and renewed growth in 2025 indicates the business can recover volumes after cyclical shocks. For a high-volume distributor, demonstrating the ability to restore top-line scale reduces the risk of permanent market-share loss and supports longer-term operational leverage.

Moderate leverage and asset base maintained

Leverage at moderate levels and a growing asset base suggest the company has maintained financial capacity through earnings volatility. Stable equity and rising assets provide structural resilience to fund working capital needs and support supplier financing and logistics investments.

Negative Factors

Thin and inconsistent profitability

Low distributor margins and swings to a net loss in 2023 show the business has limited margin buffer. Structural thin margins make earnings and retained capital highly sensitive to volume, vendor terms, or cost pressure, reducing predictability of sustainable operating profits.

Erratic cash conversion from working capital

Large working-capital swings drive volatile operating cash and free cash flow. For a low-margin, high-volume distributor, unpredictable cash conversion undermines ability to fund capex, dividends, or supplier credit consistently and increases refinancing and liquidity risk over months.

Business exposed to vendor commercial terms and low margins

Dependence on vendor discounts, rebates and tight gross spreads leaves Esprinet vulnerable to changes in supplier pricing or incentive programs. Structural reliance on narrow spreads limits margin resilience and makes profitability highly sensitive to contract negotiations and market pricing shifts.

Esprinet Spa Business Overview & Revenue Model

Company Description

Esprinet S.p.A., together with its subsidiaries, engages in the wholesale distribution of information technology (IT) and consumer electronics primarily in Italy, Spain, Portugal, and rest of Europe. The company distributes home, leisure, and office products, such as air conditioning, audio, DIY and gardening, electricity and lighting, gaming, mobility, navigation, networking, printing, sports and leisure, TV and home cinema, and video surveillance and access control products. It also offers bags, backpacks, and suitcases; drones; home appliances; mobile phones and landline phones; monitors; musical instruments and DJ mixers; notebooks and tablets; papers and consumables; and photo and video devices. In addition, the company provides toys; audio, cabling, furniture, office, stationary, storage, and rack and power products; workstations; PC components; peripherals; scanners; and video projection products and smart boards. Further, it offers auto-ID and POS, cloud, cyber security, software, unified communication and collaboration, and wiring products; 3D printers, pens, and accessories; measuring instruments; and servers and systems. The company serves IT resellers, including value-added and corporate resellers, system integrators, dealers, specialized resellers, and retailers and E-tailers. Esprinet S.p.A. is based in Vimercate, Italy.

How the Company Makes Money

Esprinet generates revenue primarily through the wholesale distribution of technology products to various resellers and retailers. The company's revenue model is based on the markup applied to the products it purchases from manufacturers, which are then sold to its customers. Key revenue streams include sales of IT hardware, software licenses, and consumer electronics. Additionally, Esprinet benefits from significant partnerships with major technology brands, which enhance its product offerings and can lead to exclusive distribution agreements. The company also capitalizes on value-added services such as logistics, technical support, and training, further contributing to its earnings.

Esprinet Spa Financial Statement Overview

Summary

Mixed fundamentals: revenue rebounded after a sharp 2023 drop, but profitability is thin and inconsistent (including a net loss in 2023) with low margins. Balance sheet leverage appears moderate and assets have trended higher, but cash flow is highly volatile with large working-capital swings and uneven free-cash-flow conversion.

Income Statement

Revenue has been volatile: a sharp drop in 2023 was followed by a recovery in 2024 and stronger growth in 2025. Profitability is thin and inconsistent for a distributor—net income stayed positive in most years but turned negative in 2023, and operating profit swung notably (including a weak 2024). Margins remain low overall, so results are sensitive to volume/mix and cost control.

Balance Sheet

Leverage looks moderate for the business, with debt running at roughly two-thirds of equity in recent years (2021–2024), and equity has been fairly stable. Total assets have trended higher since 2023, suggesting the balance sheet has been maintained despite earnings volatility. The main watch-out is that returns on equity have fluctuated widely (negative in 2023), indicating uneven profitability relative to the capital base.

Cash Flow

Cash generation has been erratic: operating cash flow was very strong in 2023 but deeply negative in 2022 and minimal in 2024, pointing to meaningful working-capital swings. Free cash flow similarly flipped between very strong (2023) and negative (2022, 2024), with a sizable decline again in 2025 versus the prior year. While 2025 is back to positive cash flow, the consistency and predictability of cash conversion remains a key risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.29B	4.14B	3.99B	4.68B	4.69B
Gross Profit	235.07M	226.94M	218.44M	242.97M	231.89M
EBITDA	71.37M	68.82M	35.82M	86.93M	83.05M
Net Income	20.17M	21.52M	-11.88M	47.35M	44.18M
Balance Sheet
Total Assets	2.08B	2.02B	1.84B	1.87B	1.92B
Cash, Cash Equivalents and Short-Term Investments	230.78M	216.35M	261.00M	172.19M	491.47M
Total Debt	278.00M	262.28M	249.00M	265.68M	273.81M
Total Liabilities	1.69B	1.63B	1.47B	1.47B	1.54B
Stockholders Equity	389.47M	389.25M	367.41M	409.22M	386.12M
Cash Flow
Free Cash Flow	45.98M	-3.20M	154.55M	-263.84M	15.81M
Operating Cash Flow	49.32M	2.77M	168.04M	-251.41M	21.65M
Investing Cash Flow	-24.55M	-5.61M	-19.95M	-19.06M	-17.02M
Financing Cash Flow	-10.46M	-41.80M	-59.39M	-48.82M	-72.09M

Esprinet Spa Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:PRT, the sentiment is Negative. The current price of 4.56 is below the 20-day moving average (MA) of 5.58, below the 50-day MA of 5.96, and below the 200-day MA of 5.32, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 28.76 is Positive, neither overbought nor oversold. The STOCH value of 11.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:PRT.

Esprinet Spa Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DGV	71 Outperform	€295.27M	13.32	―	2.82%	-24.28%	-57.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IOT	58 Neutral	€325.79M	67.17	-3.24%	―	1.84%	-15.49%
PRT	54 Neutral	€222.69M	15.07	5.62%	6.66%	5.75%	8.26%