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Sys-dat S.P.A.
(SYS)
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Rating:70Outperform
Price Target:
€7.00
▲(44.03% Upside)
Action:Upgraded
Date:05/20/26
The score is primarily supported by strong revenue scaling and standout cash generation, but is moderated by 2025 leverage increase and weaker gross profitability signals. Technicals are constructive (positive MACD and price above key short/intermediate averages), while valuation is a meaningful drag due to a ~23.5 P/E and low dividend yield.
Positive Factors
Sustained Revenue Scaling
Multi-year revenue growth to ~€89.1M demonstrates durable commercial traction and scale. Sustained top-line expansion supports higher recurring services mix, improves fixed-cost leverage, and strengthens the company's ability to cross-sell ERP, managed services and cybersecurity offerings over a 2–6 month horizon and beyond.
Negative Factors
Rapid Leverage Increase
A sharp increase in debt materially raises financial leverage and interest exposure. Higher leverage reduces flexibility to fund growth organically, increases refinancing and coverage risk if revenue or margins weaken, and could constrain strategic choices across the 2–6 month planning window and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Scaling
Multi-year revenue growth to ~€89.1M demonstrates durable commercial traction and scale. Sustained top-line expansion supports higher recurring services mix, improves fixed-cost leverage, and strengthens the company's ability to cross-sell ERP, managed services and cybersecurity offerings over a 2–6 month horizon and beyond.
Read all positive factors
Sys-dat S.P.A. (SYS) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€180.83M
Dividend Yield0.69%
Average Volume (3M)16.64K
Price to Earnings (P/E)24.3
Beta (1Y)0.26
Revenue GrowthN/A
EPS GrowthN/A
CountryIT
Employees653
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.23
Shares Outstanding31,284,880
10 Day Avg. Volume21,439
30 Day Avg. Volume16,639
Financial Highlights & Ratios
PEG Ratio2.77
Price to Book (P/B)3.06
Price to Sales (P/S)2.13
P/FCF Ratio15.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€8.07Price Target Upside65.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.32
Revenue Forecast (FY)€104.10M
Sys-dat S.P.A. Business Overview & Revenue Model
Company Description
SYS-DAT S.p.A. is an information and communication technology (ICT) company with operations spanning Italy and international markets. The firm offers an extensive array of IT solutions, encompassing business intelligence, cloud computing, customer...
How the Company Makes Money
Sys-dat makes money primarily by delivering IT projects and recurring services to organizations. Key revenue streams typically include: (1) Software and application services: fees from selling, implementing, and customizing enterprise and vertical...
Sys-dat S.P.A. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.04M | 89.61M | 57.48M | 46.46M | 37.99M | 29.14M |
| Gross Profit | 25.19M | 55.36M | 35.74M | 29.37M | 24.33M | 18.59M |
| EBITDA | 12.27M | 16.31M | 12.23M | 9.35M | 7.09M | 6.00M |
| Net Income | 7.42M | 6.92M | 6.20M | 4.23M | 3.69M | 3.62M |
Balance Sheet | ||||||
| Total Assets | 158.99M | 132.84M | 99.80M | 61.14M | 48.29M | 39.11M |
| Cash, Cash Equivalents and Short-Term Investments | 47.32M | 48.56M | 48.33M | 19.07M | 18.16M | 17.92M |
| Total Debt | 32.90M | 31.06M | 6.75M | 6.60M | 8.27M | 8.11M |
| Total Liabilities | 95.74M | 70.26M | 42.63M | 41.86M | 32.33M | 26.40M |
| Stockholders Equity | 63.24M | 62.40M | 56.99M | 19.12M | 15.96M | 12.71M |
Cash Flow | ||||||
| Free Cash Flow | 10.85M | 12.72M | 4.80M | 4.99M | 3.82M | 4.20M |
| Operating Cash Flow | 13.17M | 13.41M | 8.10M | 7.30M | 5.66M | 5.55M |
| Investing Cash Flow | -5.15M | -7.59M | -21.69M | -1.89M | -3.95M | -1.96M |
| Financing Cash Flow | -5.21M | -5.21M | 28.87M | -2.21M | -2.12M | 2.50M |
Sys-dat S.P.A. Technical Analysis
Positive
4.86
Price Trends
5.72
Positive
5.26
Positive
5.49
Positive
Market Momentum
0.07
Positive
47.37
Neutral
17.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SYS, the sentiment is Positive. The current price of 4.86 is below the 20-day moving average (MA) of 5.90, below the 50-day MA of 5.72, and below the 200-day MA of 5.49, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of 17.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:SYS.
Sys-dat S.P.A. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €3.72B | 14.89 | 18.54% | 1.00% | 6.71% | 18.66% | |
70 Outperform | €180.83M | 24.35 | ― | 0.66% | ― | ― | |
62 Neutral | €746.89M | 75.14 | 33.79% | 1.54% | 1.27% | 11.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | €219.69M | -29.04 | -7.05% | ― | 36.99% | -35.05% | |
51 Neutral | €688.38M | -14.85 | -1.19% | 2.02% | -5.69% | -379.74% |
* Technology Sector Average
IT:SYS
Sys-dat S.P.A.
5.78
-0.29
-4.81%
IT:REY
Reply SPA
99.90
-38.07
-27.59%
IT:TNXT
Tinexta SpA
15.00
0.42
2.88%
IT:CY4
CY4Gate SpA
9.32
4.43
90.59%
IT:WIIT
WIIT SpA
30.20
14.54
92.82%
IT:DHH
DHH S.p.A
27.40
7.00
34.31%
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.