Tesmec S.p.A. (IT:TES)
:TES
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Tesmec S.p.A.
(TES)
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Rating:58Neutral
Price Target:
€0.20
▲(35.33% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by high balance-sheet leverage and extremely thin net profitability despite improving operating performance. Offsetting this, cash flow has rebounded strongly and technicals show positive momentum, though overbought indicators add near-term risk. Valuation is moderate with limited support due to no dividend yield provided.
Positive Factors
Strong cash generation rebound
Tesmec’s recent sizable rebound in operating and free cash flow is a durable strength: sustained positive FCF supports debt servicing, targeted capex, and working-capital needs. Over 2–6 months this improves financial flexibility and funds reinvestment even if earnings remain uneven.
Negative Factors
High balance-sheet leverage
Substantial leverage relative to equity materially limits strategic optionality: high interest and principal obligations constrain ability to invest, weather project delays, or pursue M&A. Over several months elevated leverage increases refinancing and liquidity risk if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation rebound
Tesmec’s recent sizable rebound in operating and free cash flow is a durable strength: sustained positive FCF supports debt servicing, targeted capex, and working-capital needs. Over 2–6 months this improves financial flexibility and funds reinvestment even if earnings remain uneven.
Read all positive factors
Tesmec S.p.A. (TES) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€122.15M
Dividend YieldN/A
Average Volume (3M)3.99M
Price to Earnings (P/E)19.4
Beta (1Y)0.62
Revenue Growth8.52%
EPS GrowthN/A
CountryIT
Employees967
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding606,460,200
10 Day Avg. Volume2,456,952
30 Day Avg. Volume3,990,734
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)1.37
Price to Sales (P/S)0.38
P/FCF Ratio3.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€0.19Price Target Upside26.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.01
Revenue Forecast (FY)€277.00M
Tesmec S.p.A. Business Overview & Revenue Model
Company Description
Tesmec S.p.A. designs, produces, and markets products and solutions for the construction, maintenance, and streamlining of infrastructures relating to the transmission of electrical power, data, and material transport in Italy, rest of Europe, the...
How the Company Makes Money
Tesmec makes money mainly by selling specialized machinery, systems, and project solutions used to build and maintain critical infrastructure (power grids, telecom/fiber networks, pipelines, and rail networks). Key revenue streams typically includ...
Tesmec S.p.A. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
38
Negative
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 271.14M | 257.61M | 235.64M | 251.92M | 217.30M | 180.49M |
| Gross Profit | 57.57M | 74.56M | 129.52M | 41.10M | 94.02M | 77.98M |
| EBITDA | 37.47M | 33.62M | 40.28M | 26.03M | 36.78M | 22.64M |
| Net Income | 93.00K | -2.43M | -5.18M | -2.97M | 7.86M | 1.20M |
Balance Sheet | ||||||
| Total Assets | 416.13M | 402.38M | 423.95M | 440.11M | 407.69M | 358.13M |
| Cash, Cash Equivalents and Short-Term Investments | 30.77M | 40.98M | 29.64M | 53.75M | 51.06M | 50.29M |
| Total Debt | 201.01M | 193.30M | 212.03M | 235.06M | 196.51M | 187.88M |
| Total Liabilities | 340.30M | 328.64M | 346.34M | 361.86M | 324.32M | 285.49M |
| Stockholders Equity | 72.76M | 70.75M | 74.53M | 75.70M | 80.85M | 72.57M |
Cash Flow | ||||||
| Free Cash Flow | 27.21M | 27.64M | -16.80M | -30.46M | -8.20M | -26.18M |
| Operating Cash Flow | 54.41M | 48.43M | 16.09M | 9.50M | 24.95M | 9.08M |
| Investing Cash Flow | -42.84M | -18.16M | -26.04M | -44.31M | -35.35M | -28.70M |
| Financing Cash Flow | -7.16M | -18.37M | -3.63M | 37.98M | 10.64M | -1.08M |
Tesmec S.p.A. Technical Analysis
Positive
0.15
Price Trends
0.15
Positive
0.16
Positive
0.14
Positive
Market Momentum
0.01
Negative
74.73
Negative
88.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TES, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.15, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 74.73 is Negative, neither overbought nor oversold. The STOCH value of 88.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:TES.
Tesmec S.p.A. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €4.40B | 7.86 | 8.18% | 0.92% | -9.13% | -12.95% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | €3.69B | 15.06 | 10.16% | 0.72% | 0.97% | -3.24% | |
58 Neutral | €122.15M | 19.38 | 4.08% | ― | 8.52% | ― | |
43 Neutral | €141.12M | -3.80 | -2.86% | 0.57% | -12.22% | -631.07% |
* Industrials Sector Average
IT:TES
Tesmec S.p.A.
0.20
0.15
262.50%
IT:BSS
Biesse SPA
5.15
-2.06
-28.57%
IT:DANR
Danieli & C.Officine Meccaniche SPA
48.96
22.93
88.08%
IT:IP
Interpump Group SPA
34.64
0.74
2.17%
IT:ESAU
Esautomotion SpA
3.10
-0.04
-1.27%
IT:MARP
Marzocchi Pompe S.p.A.
2.20
-0.21
-8.86%
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.