Technoprobe S.p.A. (IT:TPRO)
:TPRO
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Technoprobe S.p.A.
(TPRO)
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Rating:72Outperform
Price Target:
€20.50
▲(10.81% Upside)
Action:UpgradedDate:04/18/26
The score is driven primarily by solid underlying financial quality (especially the very strong balance sheet and improved 2025 cash flow/profitability) and supportive technical momentum. These positives are meaningfully offset by expensive valuation (very high P/E) and the business’s visible cyclicality and uneven cash conversion.
Positive Factors
Very strong balance sheet / low leverage
Extremely low leverage gives the company durable financial flexibility: it can fund R&D, sustain capex in upcycles, and absorb downturns without raising expensive debt. This conservatism supports long-term stability and preserves strategic optionality through semiconductor cycles.
Negative Factors
Pronounced cyclicality and volatile revenue
Revenue volatility tied to semiconductor production cycles drives inconsistent topline and makes capacity planning and margin stability difficult. Persistent cyclicality can force lumpy investment and hiring, amplifying operating leverage and increasing downside risk across 2–6 month horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet / low leverage
Extremely low leverage gives the company durable financial flexibility: it can fund R&D, sustain capex in upcycles, and absorb downturns without raising expensive debt. This conservatism supports long-term stability and preserves strategic optionality through semiconductor cycles.
Read all positive factors
Technoprobe S.p.A. (TPRO) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€11.35B
Dividend YieldN/A
Average Volume (3M)656.32K
Price to Earnings (P/E)80.6
Beta (1Y)1.17
Revenue Growth15.69%
EPS Growth49.60%
CountryIT
Employees2,876
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.09
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
€14.75Price Target Upside-20.27% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.25
Revenue Forecast (FY)€755.60M
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
18.50
Price Trends
16.17
Positive
14.95
Positive
11.49
Positive
Market Momentum
0.47
Negative
69.32
Neutral
88.50
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 18.5 is above the 20-day moving average (MA) of 15.35, above the 50-day MA of 16.17, and above the 200-day MA of 11.49, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 69.32 is Neutral, neither overbought nor oversold. The STOCH value of 88.50 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)
IT:TPRO
Technoprobe S.p.A.
17.41
11.76
208.14%
IT:STMMI
STMicroelectronics NV
44.71
25.15
128.52%
IT:IOT
SECO S.p.A.
2.85
1.02
55.82%
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.