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Sys-dat S.P.A. (IT:SYS)
:SYS
Italy Market
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Sys-dat S.P.A. (SYS) AI Stock Analysis

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IT:SYS

Sys-dat S.P.A.

(SYS)

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Outperform 70 (OpenAI - 5.2)
Rating:70Outperform
Price Target:
€7.50
▲(29.76% 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
Revenue Scaling
Sustained multi-year revenue growth to ~€89.1M in 2025 indicates the company is scaling its services and software offerings. Durable top-line expansion supports market position, enables operating leverage, funds reinvestment in product and sales capabilities, and underpins long-term growth optionality.
Negative Factors
Rising Leverage
A rapid increase in debt materially raises financial leverage and interest obligations, reducing financial flexibility. Higher leverage can constrain capital allocation, increase refinancing and covenant risk, and make the company more sensitive to margin or cash-flow shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
Sustained multi-year revenue growth to ~€89.1M in 2025 indicates the company is scaling its services and software offerings. Durable top-line expansion supports market position, enables operating leverage, funds reinvestment in product and sales capabilities, and underpins long-term growth optionality.
Read all positive factors

Sys-dat S.P.A. (SYS) vs. iShares MSCI Italy ETF (EWI)

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
Strong multi-year revenue growth and robust operating/free cash flow support a solid financial profile. The score is held back by the sharp rise in debt in 2025 and the apparent step-down in gross profitability versus 2021–2024, which could pressure future margins/returns if sustained.
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
82
Very Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue93.04M89.61M57.48M46.46M37.99M29.14M
Gross Profit25.19M55.36M35.74M29.37M24.33M18.59M
EBITDA12.27M16.31M12.23M9.35M7.09M6.00M
Net Income7.42M6.92M6.20M4.23M3.69M3.62M
Balance Sheet
Total Assets158.99M132.84M99.80M61.14M48.29M39.11M
Cash, Cash Equivalents and Short-Term Investments47.32M48.56M48.33M19.07M18.16M17.92M
Total Debt32.90M31.06M6.75M6.60M8.27M8.11M
Total Liabilities95.74M70.26M42.63M41.86M32.33M26.40M
Stockholders Equity63.24M62.40M56.99M19.12M15.96M12.71M
Cash Flow
Free Cash Flow10.85M12.72M4.80M4.99M3.82M4.20M
Operating Cash Flow13.17M13.41M8.10M7.30M5.66M5.55M
Investing Cash Flow-5.15M-7.59M-21.69M-1.89M-3.95M-1.96M
Financing Cash Flow-5.21M-5.21M28.87M-2.21M-2.12M2.50M

Sys-dat S.P.A. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price5.78
Price Trends
50DMA
6.00
Positive
100DMA
5.54
Positive
200DMA
5.53
Positive
Market Momentum
MACD
0.28
Negative
RSI
76.18
Negative
STOCH
90.53
Negative
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 5.78 is below the 20-day moving average (MA) of 6.34, below the 50-day MA of 6.00, and above the 200-day MA of 5.53, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 76.18 is Negative, neither overbought nor oversold. The STOCH value of 90.53 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
€4.40B17.5017.62%1.35%6.01%10.21%
70
Outperform
€217.12M30.080.69%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
€228.64M-30.29-7.61%36.99%-35.05%
46
Neutral
€688.38M-8.72-15.09%-11.84%-2033.56%
45
Neutral
€697.43M87.0543.87%0.99%-2.05%-11.70%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:SYS
Sys-dat S.P.A.
7.14
0.91
14.61%
IT:REY
Reply SPA
120.60
-0.70
-0.58%
IT:TNXT
Tinexta SpA
15.00
0.35
2.39%
IT:CY4
CY4Gate SpA
9.72
4.61
90.22%
IT:WIIT
WIIT SpA
28.70
10.80
60.34%
IT:DHH
DHH S.p.A
26.40
5.90
28.78%
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.Date of analysis: May 20, 2026