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

• Market Cap: €4.89B
• Dividend Yield: N/A
• Average Volume (3M): 387.93K
• Price to Earnings (P/E): 75.3
• Beta (1Y): 0.97
• Revenue Growth: 32.71%
• EPS Growth: -37.38%
• Country: IT
• Employees: 2,876
• Sector: Technology
• Sector Strength: 82
• Industry: Semiconductors
• EPS (TTM): N/A
• Shares Outstanding: 653,260,860
• 10 Day Avg. Volume: 400,307
• 30 Day Avg. Volume: 387,928
• PEG Ratio: N/A
• Price to Book (P/B): 2.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 113.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €7.83
• Price Target Upside: 2.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 68 Neutral
• Price Target: €8.50 ▲(11.55%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. Business Overview & Revenue Model

Company Description

Technoprobe S.p.A. (TPRO) is a leading company in the semiconductor industry, specializing in the design and manufacture of probe cards. These products are essential for testing the functionality of semiconductor devices, making the company a crucial player in the electronics supply chain. Technoprobe serves a diverse range of sectors, including consumer electronics, telecommunications, and automotive, providing cutting-edge solutions to meet the evolving demands of chip manufacturers globally.

How the Company Makes Money

Technoprobe 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

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
454.04M	409.27M	548.93M	391.74M	329.55M	204.35M
	Gross Profit
196.79M	199.33M	332.78M	234.72M	203.43M	124.91M
	EBIT
68.88M	79.84M	208.45M	149.90M	142.42M	73.75M
	EBITDA
114.91M	128.48M	244.18M	177.66M	153.54M	89.89M
	Net Income Common Stockholders
93.75M	97.00M	147.90M	118.32M	101.58M	66.14M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
373.16M	361.80M	411.03M	146.75M	158.30M	0.00
	Total Assets
872.49M	928.39M	866.82M	537.35M	435.91M	0.00
	Total Debt
12.88M	13.53M	8.20M	11.95M	37.19M	0.00
	Net Debt
-358.95M	-348.27M	-402.83M	-134.81M	-121.11M	0.00
	Total Liabilities
107.25M	111.09M	129.84M	91.06M	111.69M	0.00
	Stockholders Equity
763.23M	815.77M	735.94M	443.75M	324.22M	0.00
Cash Flow		Free Cash Flow
32.60M	-2.18M	127.52M	21.57M	46.25M	0.00
	Operating Cash Flow
105.96M	61.75M	207.24M	81.26M	97.97M	0.00
	Investing Cash Flow
-181.25M	-93.42M	-78.32M	-58.92M	-50.64M	0.00
	Financing Cash Flow
367.93M	-15.04M	130.29M	-37.64M	22.82M	0.00

Technoprobe S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 7.62 is above the 20-day moving average (MA) of 7.16, above the 50-day MA of 6.27, and above the 200-day MA of 6.19, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 68.66 is Neutral, neither overbought nor oversold. The STOCH value of 89.53 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REY	74 Outperform	€5.56B	26.40	17.49%	0.77%	8.40%	13.09%
TXT	73 Outperform	€402.88M	24.41	12.73%	0.73%	37.78%	-1.18%
TNXT	73 Outperform	€499.22M	27.78	4.41%	4.26%	15.67%	-18.75%
TPRO	68 Neutral	€4.89B	75.30		―	32.71%	-37.38%
Sector *	62 Neutral	$11.90B	10.64	-7.50%	2.90%	7.41%	-8.19%
IOT	56 Neutral	€315.15M	―	-8.20%	―	-9.38%	-345.16%