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Eurotech S.p.A.
(ETH)
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Rating:44Neutral
Price Target:
€1.00
▼(-23.66% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily weighed down by continued unprofitability and weak cash generation (negative operating and free cash flow), despite a strong TTM revenue rebound and manageable leverage. Technical indicators show soft near-term momentum with some oversold signals, while valuation remains difficult to support due to a negative P/E and no dividend yield provided.
Positive Factors
Revenue rebound
The sharp TTM revenue rebound indicates renewed demand for Eurotech’s embedded computing and edge solutions. If sustained, stronger sales can improve operating leverage, support investment in software and services, and reinforce the company’s position in industrial digitalization markets.
Negative Factors
Continued unprofitability
Eurotech remains loss-making at both net income and operating levels, showing that the revenue rebound has not yet produced sustainable profitability. Persistent negative margins can consume equity, limit reinvestment capacity, and leave results exposed to further cost or pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The sharp TTM revenue rebound indicates renewed demand for Eurotech’s embedded computing and edge solutions. If sustained, stronger sales can improve operating leverage, support investment in software and services, and reinforce the company’s position in industrial digitalization markets.
Read all positive factors
Eurotech S.p.A. (ETH) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€74.54M
Dividend YieldN/A
Average Volume (3M)279.84K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue Growth14.99%
EPS Growth87.84%
CountryIT
Employees303
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.14
Shares Outstanding59,625,546
10 Day Avg. Volume212,969
30 Day Avg. Volume279,836
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.73
Price to Sales (P/S)0.70
P/FCF Ratio-39.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1.30Price Target Upside-0.76% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.06
Revenue Forecast (FY)€58.10M
Eurotech S.p.A. Business Overview & Revenue Model
Company Description
Eurotech S.p.A., an Italian technology company founded in 1992 and based in Amaro, specializes in the design, production, and global distribution of cutting-edge, miniaturized, and high-performance computing solutions. Its extensive product line e...
How the Company Makes Money
Eurotech makes money primarily by selling embedded and edge-computing products and related software and services to business customers that integrate these components into larger systems or deploy them in industrial/IoT solutions. Key revenue stre...
Eurotech S.p.A. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
60
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.05M | 55.38M | 59.57M | 94.25M | 94.46M | 63.35M |
| Gross Profit | 17.49M | 3.07M | 33.62M | 44.91M | 31.42M | 19.36M |
| EBITDA | 300.00K | -2.84M | -27.06M | 5.14M | 6.78M | -2.98M |
| Net Income | -6.03M | -9.27M | -36.16M | -3.12M | -1.62M | -10.41M |
Balance Sheet | ||||||
| Total Assets | 101.39M | 99.62M | 111.37M | 155.52M | 175.75M | 165.05M |
| Cash, Cash Equivalents and Short-Term Investments | 10.97M | 6.46M | 6.23M | 11.56M | 18.25M | 31.82M |
| Total Debt | 18.22M | 23.18M | 26.60M | 32.63M | 33.24M | 26.86M |
| Total Liabilities | 42.20M | 46.90M | 50.70M | 60.20M | 69.23M | 54.62M |
| Stockholders Equity | 59.19M | 52.72M | 60.66M | 95.32M | 106.52M | 110.44M |
Cash Flow | ||||||
| Free Cash Flow | -380.00K | -991.00K | -1.18M | -1.24M | -5.50M | -394.00K |
| Operating Cash Flow | -14.00K | -602.00K | 4.28M | 1.91M | -1.61M | 3.28M |
| Investing Cash Flow | -1.44M | -2.13M | -4.96M | -3.11M | -13.40M | -5.27M |
| Financing Cash Flow | 5.86M | 3.60M | -4.18M | -2.19M | 1.60M | -8.06M |
Eurotech S.p.A. Technical Analysis
Positive
1.31
Price Trends
1.26
Negative
1.23
Positive
1.09
Positive
Market Momentum
>-0.01
Positive
48.91
Neutral
24.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ETH, the sentiment is Positive. The current price of 1.31 is above the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.26, and above the 200-day MA of 1.09, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.91 is Neutral, neither overbought nor oversold. The STOCH value of 24.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ETH.
Eurotech S.p.A. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €4.38B | 17.07 | 17.20% | 1.15% | 6.01% | 10.21% | |
73 Outperform | €165.29M | 16.49 | 9.80% | 3.74% | 2.93% | -5.68% | |
68 Neutral | €1.46B | 19.69 | 16.11% | 1.41% | 10.60% | 18.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €40.27B | 97.71 | 2.66% | 0.69% | 3.00% | -33.57% | |
44 Neutral | €74.54M | -9.15 | -10.59% | ― | 14.99% | 87.84% |
* General Sector Average
IT:ETH
Eurotech S.p.A.
1.25
0.26
26.67%
IT:GE
Gefran SPA
11.50
-0.44
-3.72%
IT:REY
Reply SPA
117.60
-1.43
-1.20%
IT:SES
Sesa S.p.A.
94.50
8.72
10.17%
IT:STMMI
STMicroelectronics NV
45.13
21.37
89.98%
Eurotech S.p.A. Corporate Events
Eurotech Narrows Losses as Revenue Climbs and Debt Falls in First Half 2026
Sep 11, 2026
Eurotech reported a 17.1% rise in first-half 2026 revenues to €25.2 million, driven mainly by growth in Japan and a significant U.S. order, with the EU remaining its largest market. Product revenues rose 22.8%, while services declined, and t...
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.