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Technoprobe S.p.A. (IT:TPRO)
:TPRO
Italy Market

Technoprobe S.p.A. (TPRO) AI Stock Analysis

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Technoprobe S.p.A.

(TPRO)

Rating:68Neutral
Price Target:
€8.50
▲(13.03%Upside)
Technoprobe S.p.A. scores well due to strong financial performance and robust technical momentum. However, high valuation metrics and overbought technical indicators present risks. The lack of dividend yield and earnings call data further tempers the overall attractiveness, but the company's solid balance sheet and positive cash flow trends support a favorable outlook.
Positive Factors
AI Growth
The company stated that it expects AI to continue its growth trajectory, helping the overall growth of the company.
Future Growth
2025 is anticipated to be a year of growth for Technoprobe, with strong demand for leading edge nodes and newer 2nm designs.
Negative Factors
Financial Performance
Technoprobe reported Q3-24 results and offered Q4-24 guidance yesterday afternoon and missed on all metrics.
Market Weakness
Auto & Industrial (~20% of sales) however, remain the weak spot, which shouldn't be surprising in light of recent news.
Profitability Challenges
Lack of scale and high costs for the AI probe card are leading to lower profitability for Technoprobe.

Technoprobe S.p.A. (TPRO) vs. iShares MSCI Italy ETF (EWI)

Technoprobe S.p.A. Business Overview & Revenue Model

Company DescriptionTechnoprobe 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 cards for testing the operation of chips. Its products are used in digital data and 5G, IoT, data center, automotive and self-driving car, telecommunications and media, industry and aerospace, and consumer electronics applications. The company was founded in 1993 and is based in Cernusco Lombardone, Italy. Technoprobe S.p.A. operates as a subsidiary of T- Plus S.P.A.
How the Company Makes MoneyTechnoprobe S.p.A. generates revenue primarily through the sale of its probe cards, which are critical components used in the semiconductor testing process. The company's key revenue streams include direct sales to semiconductor manufacturers and collaborations with major technology firms that require high-quality testing equipment for their production processes. Technoprobe leverages its advanced research and development capabilities to innovate and enhance its product offerings, ensuring a competitive edge in the market. Additionally, strategic partnerships and long-term contracts with leading semiconductor companies contribute significantly to its earnings, providing a stable and recurring revenue base.

Technoprobe S.p.A. Financial Statement Overview

Summary
Technoprobe S.p.A. demonstrates commendable financial health with strong revenue growth and stable cash flows. The company maintains a robust balance sheet with minimal leverage and high equity levels. While profitability margins are generally solid, a decline in EBIT margin suggests areas for operational improvements.
Income Statement
75
Positive
Technoprobe S.p.A. shows strong revenue growth with a 32.7% increase from 2023 to 2024. The gross profit margin is solid at 41.1%, and the company maintains a positive net profit margin of 11.8% in 2024. However, there is a noticeable decline in EBIT from 2023 to 2024, affecting the EBIT margin, which decreased to 12.4% from 19.5% in 2023. EBITDA margin remains robust at 30.9%.
Balance Sheet
85
Very Positive
The company's financial stability is underscored by a low debt-to-equity ratio of 0.015, indicating minimal leverage. The equity ratio is high at 87.9%, showcasing strong shareholder equity relative to total assets. Return on Equity (ROE) is healthy at 5.2%, although it has decreased from previous years.
Cash Flow
70
Positive
Technoprobe S.p.A. has shown significant improvement in free cash flow, turning positive in 2024 at €29.97 million. The operating cash flow to net income ratio is approximately 1.95, indicating effective conversion of net income into cash. The free cash flow to net income ratio has improved but remains a focus area for further strengthening.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue454.04M543.15M409.27M548.93M391.74M329.55M
Gross Profit196.79M223.44M199.33M332.78M234.72M203.43M
EBITDA114.91M167.94M128.48M244.18M177.66M153.54M
Net Income93.75M63.83M97.00M147.90M118.32M101.58M
Balance Sheet
Total Assets1.37B1.41B928.39M866.82M537.35M435.91M
Cash, Cash Equivalents and Short-Term Investments667.00M666.38M361.80M411.03M146.75M158.30M
Total Debt16.89M18.80M13.53M8.20M11.95M37.19M
Total Liabilities135.71M171.13M111.09M129.84M91.06M111.69M
Stockholders Equity1.23B1.24B815.77M735.94M443.75M324.22M
Cash Flow
Free Cash Flow32.60M29.96M-2.18M127.52M21.57M46.25M
Operating Cash Flow105.96M124.41M61.75M207.24M81.26M97.97M
Investing Cash Flow-181.25M-168.76M-93.42M-78.32M-58.92M-50.64M
Financing Cash Flow367.93M343.97M-15.04M130.29M-37.64M22.82M

Technoprobe S.p.A. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price7.52
Price Trends
50DMA
7.10
Positive
100DMA
6.39
Positive
200DMA
6.25
Positive
Market Momentum
MACD
0.10
Positive
RSI
58.37
Neutral
STOCH
80.58
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 7.52 is above the 20-day moving average (MA) of 7.36, above the 50-day MA of 7.10, and above the 200-day MA of 6.25, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 58.37 is Neutral, neither overbought nor oversold. The STOCH value of 80.58 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

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
€4.94B74.31
32.71%-37.38%
56
Neutral
HK$13.86B5.36-5.75%5.41%9.34%-42.23%
€5.39B25.7217.49%0.79%
€411.70M24.5512.73%0.71%
DE7GV
€329.78M-8.20%
DE7T4
€571.81M31.654.41%2.06%
DE1EP
€36.62M28.314.54%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:TPRO
Technoprobe S.p.A.
7.52
-1.78
-19.14%
GB:0RV0
Reply SPA
143.10
3.98
2.86%
GB:0NLD
TXT e solutions SPA
34.45
7.34
27.07%
DE:7GV
SECO S.p.A.
2.37
-0.41
-14.75%
DE:7T4
Tinexta SpA
12.24
-4.43
-26.57%
DE:1EP
ELES Semiconductor Equipment SpA
2.03
0.14
7.41%
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: Jun 10, 2025