Technoprobe S.p.A. (IT:TPRO)
:TPRO
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Technoprobe S.p.A.
(TPRO)
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Rating:62Neutral
Price Target:
€17.50
▲(35.34% Upside)
Action:ReiteratedDate:03/20/26
The score is primarily supported by a very strong, conservatively levered balance sheet and a notable 2025 recovery in profitability and free cash flow. Offsetting this are weak technicals (trading below key moving averages with negative MACD) and an expensive valuation (P/E ~80.6), which increase downside risk if the cycle softens.
Positive Factors
Conservative balance sheet / very low leverage
Extremely low leverage gives Technoprobe durable financial flexibility to fund R&D, capex, and withstand semiconductor cycle downturns without refinancing stress. A conservative balance sheet reduces insolvency risk and supports strategic investments or opportunistic M&A over a multi-quarter horizon.
Negative Factors
Marked revenue and earnings cyclicality
Revenue and earnings swing materially with semiconductor industry cycles and customer capex timing, creating forecasting risk and uneven resource utilization. This cyclicality can compress margins and cash flow in weaker periods, challenging consistent multi-quarter performance and planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Extremely low leverage gives Technoprobe durable financial flexibility to fund R&D, capex, and withstand semiconductor cycle downturns without refinancing stress. A conservative balance sheet reduces insolvency risk and supports strategic investments or opportunistic M&A over a multi-quarter horizon.
Read all positive factors
Technoprobe S.p.A. (TPRO) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€10.89B
Dividend YieldN/A
Average Volume (3M)656.32K
Price to Earnings (P/E)80.6
Beta (1Y)1.11
Revenue Growth38.31%
EPS Growth-30.40%
CountryIT
Employees2,876
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.08
Shares Outstanding653,260,860
10 Day Avg. Volume460,758
30 Day Avg. Volume656,318
Financial Highlights & Ratios
PEG Ratio1.61
Price to Book (P/B)6.44
Price to Sales (P/S)12.68
P/FCF Ratio64.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€15.25Price Target Upside17.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.25
Revenue Forecast (FY)€756.64M
Technoprobe S.p.A. Business Overview & Revenue Model
Company Description
Technoprobe S.p.A. produces and sells electronic circuits in Italy and internationally. The company also offers mechanical interfaces for electrical contacting of hybrid circuits and semiconductor devices; and designs, develops, and produces probe...
How the Company Makes Money
Technoprobe primarily makes money by selling probe cards—high-precision hardware interfaces that connect automatic test equipment (ATE) to semiconductor wafers so manufacturers can validate device functionality and performance before packaging. Re...
Technoprobe S.p.A. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 628.38M | 543.15M | 409.27M | 548.93M | 391.74M |
| Gross Profit | 279.09M | 223.44M | 199.33M | 332.78M | 234.72M |
| EBITDA | 201.44M | 167.94M | 128.48M | 244.18M | 177.66M |
| Net Income | 98.84M | 63.83M | 97.00M | 147.90M | 118.32M |
Balance Sheet | |||||
| Total Assets | 1.42B | 1.41B | 928.39M | 866.82M | 537.35M |
| Cash, Cash Equivalents and Short-Term Investments | 688.20M | 666.38M | 361.80M | 411.03M | 146.75M |
| Total Debt | 14.60M | 18.80M | 13.53M | 8.20M | 11.95M |
| Total Liabilities | 177.61M | 171.13M | 111.09M | 129.84M | 91.06M |
| Stockholders Equity | 1.24B | 1.24B | 815.77M | 735.94M | 443.75M |
Cash Flow | |||||
| Free Cash Flow | 124.00M | 29.96M | -2.18M | 127.52M | 21.57M |
| Operating Cash Flow | 216.62M | 124.41M | 61.75M | 207.24M | 81.26M |
| Investing Cash Flow | -102.39M | -168.76M | -93.42M | -78.32M | -58.92M |
| Financing Cash Flow | -65.68M | 343.97M | -15.04M | 130.29M | -37.64M |
Technoprobe S.p.A. Technical Analysis
Positive
12.93
Price Trends
16.00
Positive
14.57
Positive
11.16
Positive
Market Momentum
-0.17
Negative
60.54
Neutral
91.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TPRO, the sentiment is Positive. The current price of 12.93 is below the 20-day moving average (MA) of 15.00, below the 50-day MA of 16.00, and above the 200-day MA of 11.16, indicating a bullish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 60.54 is Neutral, neither overbought nor oversold. The STOCH value of 91.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:TPRO.
Technoprobe S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €3.06B | 17.10 | 18.54% | 1.00% | 9.04% | 13.17% | |
62 Neutral | €10.89B | 80.63 | ― | ― | 38.31% | -30.40% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | €358.77M | 17.01 | 11.82% | 0.80% | 28.77% | -3.40% | |
54 Neutral | €352.39M | -51.58 | -3.24% | ― | 1.84% | -15.49% | |
51 Neutral | €688.38M | -15.45 | -1.19% | 2.02% | 14.90% | -123.79% |
* Technology Sector Average
IT:TPRO
Technoprobe S.p.A.
16.71
11.48
219.50%
IT:REY
Reply SPA
82.10
-59.71
-42.10%
IT:TXT
TXT e solutions SPA
30.50
0.51
1.71%
IT:IOT
SECO S.p.A.
2.65
0.78
42.09%
IT:TNXT
Tinexta SpA
15.00
7.18
91.91%
IT:ELES
ELES Semiconductor Equipment SpA
3.19
1.64
105.81%
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.