Fidia Spa (IT:FDA)
:FDA
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Fidia Spa
(FDA)
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Rating:41Neutral
Price Target:
€0.01
â–¼(-90.83% Downside)
Action:Reiterated
Date:06/09/26
The score is primarily held back by weak financial quality—especially negative operating/free cash flow in recent years and inconsistent profitability—despite improved equity and a 2025 revenue rebound. Technical and valuation inputs are limited (missing indicators, negative P/E, no dividend yield), providing little offset.
Positive Factors
Niche product portfolio & multichannel distribution
Fidia's focus on hyaluronic-acid therapies and its integrated model (R&D, manufacturing, direct sales plus third-party distributors) supports durable market access and scalability in orthopedics. Diversified distribution reduces concentration risk and helps sustain revenue across regions.
Negative Factors
Persistent negative operating and free cash flow
Sustained operating and free cash flow deficits indicate structural cash-burn that depletes reserves and forces external funding or cost cuts. Over months this constrains reinvestment in growth, raises refinancing risk, and can impair the ability to sustain manufacturing or commercial initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche product portfolio & multichannel distribution
Fidia's focus on hyaluronic-acid therapies and its integrated model (R&D, manufacturing, direct sales plus third-party distributors) supports durable market access and scalability in orthopedics. Diversified distribution reduces concentration risk and helps sustain revenue across regions.
Read all positive factors
Fidia Spa (FDA) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€3.40M
Dividend YieldN/A
Average Volume (3M)597.93K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth74.59%
EPS GrowthN/A
CountryIT
Employees171
SectorHealthcare
Sector Strength45
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding499,411,960
10 Day Avg. Volume275,058
30 Day Avg. Volume597,935
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.34
Price to Sales (P/S)0.19
P/FCF Ratio-1.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fidia Spa Business Overview & Revenue Model
Company Description
Fidia S.p.A., together with its affiliated entities, focuses on engineering, producing, and supplying advanced high-speed milling systems and computerized numerical control (CNC) machines. Their product range also incorporates specialized milling ...
How the Company Makes Money
Fidia makes money primarily by selling its healthcare products (including hyaluronic-acid–based products and other pharmaceutical/medical products) to customers in its served markets. Revenue is generated through (1) direct sales where Fidia marke...
Fidia Spa Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.45M | 30.53M | 17.49M | 28.61M | 24.37M | 23.84M |
| Gross Profit | 16.05M | 7.38M | 12.97M | 19.13M | 1.45M | 15.53M |
| EBITDA | -4.05M | -635.00K | -7.66M | 667.00K | 7.63M | -888.00K |
| Net Income | -2.19M | 1.04M | -9.30M | -1.31M | 5.97M | -3.50M |
Balance Sheet | ||||||
| Total Assets | 25.83M | 26.34M | 28.30M | 32.17M | 32.13M | 40.47M |
| Cash, Cash Equivalents and Short-Term Investments | 1.67M | 2.44M | 1.67M | 3.17M | 4.87M | 5.27M |
| Total Debt | 1.23M | 5.24M | 1.01M | 11.44M | 8.26M | 11.68M |
| Total Liabilities | 21.72M | 18.28M | 25.35M | 28.74M | 4.55M | 42.21M |
| Stockholders Equity | 4.13M | 8.07M | 2.94M | 3.22M | 5.97M | -2.33M |
Cash Flow | ||||||
| Free Cash Flow | 1.10M | -4.06M | -4.45M | -5.31M | 495.00K | 498.00K |
| Operating Cash Flow | 1.27M | -3.63M | -4.34M | -4.84M | 793.00K | 584.00K |
| Investing Cash Flow | 1.46M | 648.00K | -47.00K | -357.00K | -231.00K | -57.00K |
| Financing Cash Flow | -1.28M | 4.55M | 2.44M | 3.43M | 747.00K | -1.09M |
Fidia Spa Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | €3.66B | 17.50 | 10.16% | 0.72% | 0.97% | -3.24% | |
54 Neutral | €149.23M | 3,215.49 | 4.08% | ― | 8.52% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
43 Neutral | €148.80M | -5.59 | -2.86% | 0.57% | -12.22% | -631.07% | |
41 Neutral | €3.40M | -0.02 | -51.46% | ― | 74.59% | ― |
* Healthcare Sector Average
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Fidia Spa
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Fidia Spa Corporate Events
Fidia Publishes Governance Slates Ahead of June Shareholders’ Meeting
Jun 8, 2026
Fidia S.p.A., a Turin-based provider of advanced numerical controls and high-performance integrated milling systems for automotive mould and aerospace applications, has received candidate slates for the upcoming renewal of its governance bodies. T...
Fidia’s Auditor Flags Going‑Concern Uncertainty in 2025 Accounts
Jun 8, 2026
Fidia has disclosed that its statutory auditor Deloitte Touche included a paragraph highlighting significant uncertainties about the company’s and group’s ability to continue as a going concern in the audit report on the 2025 Annual F...
Fidia Publishes 2025 Annual Report and Governance Documents
Jun 5, 2026
Fidia S.p.A., based in Turin and listed on Euronext Milan, is a global leader in numerical control systems and integrated high‑performance milling solutions for complex shapes, focusing on moulds for the automotive industry and applications ...
Fidia opens window for minority lists in Board of Statutory Auditors vote
Jun 5, 2026
Fidia S.p.A., based in Turin and listed on Euronext Milan, is a global leader in high-performance integrated milling systems, numerical controls and CAM software for complex shapes serving automotive mould and aerospace customers. With more than f...
Fidia completes twelfth‑tranche POC bond conversion, boosting share capital
Jun 1, 2026
Fidia S.p.A., based in Turin and listed on Euronext Milan, is a global player in high‑performance integrated milling systems used mainly in automotive mould making and aerospace applications. With over five decades of experience and around 1...
Fidia Reports April 2026 Net Financial Position Under CONSOB Oversight
May 29, 2026
Fidia S.p.A. has released its mandated monthly financial update for April 2026, detailing its net financial position at both company and group level, with a breakdown between short‑term and medium‑ to long‑term components. The di...
Fidia Advances €3 Million Convertible Bond Programme with New Tranche to GGHL
May 28, 2026
Fidia has issued the twelfth tranche of its 2026 convertible bond loan reserved for Global Growth Holding Limited, placing 25 bonds for a nominal total of €250,000 that have been fully subscribed and paid in. Alongside the bonds, the company...
Fidia Boosts Share Capital After Full Conversion of Convertible Bonds
May 28, 2026
Fidia has announced a significant change in its share capital following the conversion of a previously approved convertible bond loan into ordinary shares. Between 15 and 26 May 2026, bondholders converted a total nominal amount of €840,000 ...
Fidia completes bond conversion, issues 40 million new shares
May 26, 2026
Fidia S.p.A. has received a request from Global Growth Holding Limited to convert 12 bonds from the eleventh tranche of its reserved convertible bond loan, resulting in the issuance of 40,000,000 new shares at a conversion price of €0.003 pe...
Fidia Advances Recapitalization as GGHL Converts New Tranche of Convertible Bonds
May 25, 2026
Fidia has issued and fully placed the eleventh tranche of its reserved convertible bond loan with warrants to Global Growth Holding Limited, consisting of 25 bonds for a nominal €250,000 and 27,777,777 attached warrants exercisable into new ...
Fidia Boosts Capital as GGHL Converts Final Tranche of POC Bonds
May 22, 2026
Fidia S.p.A. has completed the tenth tranche of its reserved POC convertible bond loan with Global Growth Holding Limited, which subscribed 25 bonds for a nominal €250,000, fully paid in cash, and received 35,714,285 attached warrants exerci...
Fidia convenes June 2026 shareholder meeting to approve 2025 accounts and renew governance
May 21, 2026
Fidia has convened an ordinary shareholders’ meeting for 29 June 2026 in Turin to approve its 2025 standalone and consolidated financial statements and decide on the allocation of profit for the year. Shareholders will also vote on the 2026 ...
Fidia Issues 20 Million New Shares After Partial Conversion of POC Bonds
May 13, 2026
Fidia has converted six bonds from the eighth tranche of its POC convertible bond reserved for Global Growth Holding Limited, issuing 20,000,000 new shares at €0.003 each that will be admitted directly to trading on Euronext Milan. Following...
Fidia boosts capital through new POC tranche and bond conversion
May 12, 2026
Fidia has advanced its financing strategy by issuing the eighth tranche of its convertible cum warrant bond loan reserved for Global Growth Holding Limited, placing 25 bonds worth a nominal €250,000 and attaching 25 million new warrants exer...
Fidia boosts equity as GGHL converts bonds into 10 million new shares
May 8, 2026
Fidia S.p.A. has converted four bonds from the seventh tranche of its convertible bond loan reserved for Global Growth Holding Limited into 10,000,000 new shares at a price of €0.004 per share. The new shares are admitted directly to trading...
Fidia Adjusts 2026 Shareholders’ Meeting Date to Meet Legal Deadline
May 7, 2026
Fidia has slightly adjusted its 2026 corporate events calendar, moving the shareholders’ meeting to approve the 2025 financial statements from 30 June to 29 June to comply with the 180-day legal deadline under the Italian Civil Code. The dat...
Fidia expands share capital as GGHL converts bonds into 15 million new shares
May 7, 2026
Fidia S.p.A. has announced that Global Growth Holding Limited has converted six bonds from the seventh tranche of its reserved convertible bond with warrants, resulting in the issuance of 15,000,000 new shares at a conversion price of €0.004...
Fidia Issues 6 Million New Shares After Bond Conversion by GGHL
May 6, 2026
Fidia S.p.A. has reported that Global Growth Holding Limited converted three bonds from the seventh tranche of its reserved convertible bond with warrants, known as the POC, into 6,000,000 new shares at a price of €0.005 per share. The new s...
Fidia boosts share capital as GGHL converts new tranche of bonds
May 5, 2026
Fidia S.p.A. has converted six bonds from the seventh tranche of its convertible bond loan reserved for Global Growth Holding Limited into 12,000,000 new shares at a conversion price of €0.005 per share. The new shares are admitted to tradin...
Fidia Faces Governance Upheaval as Statutory Auditors Resign, Triggering Prorogatio Regime
May 4, 2026
Fidia announced a wave of resignations affecting its control and supervisory bodies, starting with Chairman of the Board of Statutory Auditors Massimo Ceraolo, who cited a deterioration in professional relations with the administrative body and di...
Fidia Issues 6 Million New Shares After Bond Conversion by GGHL
May 4, 2026
Fidia S.p.A. has reported the conversion of three bonds from the seventh tranche of its convertible bond loan with warrants, reserved for Global Growth Holding Limited, into 6,000,000 new shares at a conversion price of €0.005 per share. The...
Fidia Discloses March Net Debt Position Under CONSOB Transparency Mandate
Apr 30, 2026
Fidia S.p.A. has released its March 2026 monthly financial update mandated by CONSOB under enhanced transparency rules, detailing its net financial position and the status of a convertible bond with warrants subscribed by Global Growth Holding Lim...
Fidia Boosts Share Capital After Major Bond-to-Equity Conversion
Apr 29, 2026
Fidia has announced a significant change in its share capital following the conversion of a tranche of its previously approved convertible bond loan into ordinary shares. The operation, executed through multiple conversions in April 2026, reflects...
Fidia Issues New Shares After Further Convertible Bond Conversion
Apr 29, 2026
Fidia has reported the conversion of two bonds from the seventh tranche of its convertible bond loan with warrants reserved to Global Growth Holding Limited, at a conversion price of €0.006 per share. The transaction resulted in the issuance...
Fidia Advances 2026 Convertible Bond Plan With New Share Issue
Apr 28, 2026
Fidia S.p.A., a Turin-based producer of high-performance numerical controls and integrated milling systems for the automotive mold and aerospace industries, remains one of the few industrial groups able to manage the full milling workflow, from ma...
Fidia Advances GGHL-Backed Convertible Bond Plan, Expands Share Capital
Apr 27, 2026
Fidia has strengthened its financing arrangement with Global Growth Holding Limited, as the investor subscribed the seventh tranche of the company’s reserved convertible bond with warrants, taking up 25 bonds for a nominal €250,000 and...
Fidia Issues 2.5 Million New Shares After Bond Conversion by GGHL
Apr 24, 2026
Fidia S.p.A. has reported that Global Growth Holding Limited has converted two bonds from the sixth tranche of its reserved convertible bond loan into 2,500,000 new shares at a price of €0.008 per share. The new shares have been issued to GG...
Fidia boosts equity as Global Growth converts further POC bonds
Apr 23, 2026
Fidia has strengthened its capital base with the conversion of two bonds from the sixth tranche of its reserved convertible bond loan with warrants by Global Growth Holding Limited. The move led to the issuance of 2,222,222 new shares at €0....
Fidia Expands Share Capital as GGHL Converts New Tranche of POC Bonds
Apr 22, 2026
Fidia S.p.A. has announced the conversion of four bonds from the sixth tranche of its POC convertible bond loan reserved to Global Growth Holding Limited, resulting in the issuance of 4,444,444 new shares at a conversion price of €0.009 per ...
Fidia Issues 4 Million New Shares After Convertible Bond Conversion
Apr 21, 2026
Fidia S.p.A. has announced the conversion of four bonds from the sixth tranche of its POC convertible bond loan reserved for Global Growth Holding Limited, resulting in the issue of 4,000,000 new shares at a conversion price of €0.01 each. T...
Fidia Issues 4 Million New Shares After GGHL Bond Conversion
Apr 20, 2026
Fidia S.p.A. reported that Global Growth Holding Limited converted four bonds from the sixth tranche of the company’s reserved convertible bond loan, resulting in the issuance of 4,000,000 new shares at a conversion price of €0.01 per ...
Fidia Issues 4 Million New Shares After Latest Convertible Bond Conversion
Apr 17, 2026
Fidia has confirmed a further step in the execution of its 2026 convertible bond programme reserved for Global Growth Holding Limited, with the conversion of four bonds from the sixth tranche at a price of €0.01 per share. The operation resu...
Fidia Advances GGHL-Backed Convertible Bond Plan, Lifts Share Capital
Apr 16, 2026
Fidia S.p.A. has issued and placed with Global Growth Holding Limited the sixth tranche of its reserved convertible bond with attached warrants, comprising 25 bonds for a nominal €250,000 and 12,500,000 new warrants exercisable at €0.0...
Fidia issues 3 million new shares as GGHL converts part of 2026 bond
Apr 15, 2026
Fidia has converted three bonds from the fifth tranche of its convertible bond with warrants reserved to Global Growth Holding Limited, issuing 3,000,000 new shares at a conversion price of €0.01 per share. The new shares are immediately adm...
Fidia Issues 3 Million New Shares After Bond Conversion in POC Program
Apr 14, 2026
Fidia S.p.A. has issued 3,000,000 new shares to Global Growth Holding Limited following the conversion of three bonds from the fifth tranche of its 2026 reserved convertible bond loan. The conversion, executed at €0.01 per share, brings the ...
Fidia Issues 3 Million New Shares on Partial Conversion of Convertible Bonds
Apr 13, 2026
Fidia has announced that Global Growth Holding Limited has converted three bonds from the fifth tranche of its reserved convertible bond with warrants, at a price of €0.01 per share, resulting in the issuance of 3,000,000 new shares directly...
Fidia Reschedules Approval of 2025 Financial Statements and Updates 2026 Corporate Calendar
Apr 10, 2026
Fidia S.p.A. has revised its 2026 corporate events calendar, postponing the board meeting to approve the 2025 separate and consolidated financial statements from 16 April to 15 May 2026. The shareholders’ meeting to approve the 2025 accounts...
Fidia Issues 5 Million New Shares After Partial Convertible Bond Conversion
Apr 9, 2026
Fidia S.p.A., headquartered in Turin and listed on Euronext Milan, is a long-established specialist in high-performance milling technology for complex shapes, particularly for automotive moulds and aerospace applications. The group provides integr...
Fidia Boosts Capital as GGHL Converts Fifth-Tranche Bonds into 5 Million Shares
Apr 8, 2026
Fidia has reported a further step in the execution of its 2026 convertible bond loan reserved for Global Growth Holding Limited, with the conversion of five bonds from the fifth tranche into 5,000,000 new shares at a price of €0.01 per share...
Fidia Issues 3 Million New Shares as GGHL Converts POC Bonds
Apr 7, 2026
Fidia S.p.A. has reported the conversion of three bonds held by Global Growth Holding Limited, part of its fourth and fifth tranches of a reserved convertible bond with warrants. The conversion at €0.01 per share resulted in the issuance of ...
Fidia Advances Reserved Convertible Bond Plan with New Tranche and Share Conversion
Apr 2, 2026
Fidia S.p.A., based in Turin and listed on Euronext Milan, is among the world’s leading providers of numerical control technology and high-performance integrated milling systems, serving primarily the automotive mould and aerospace sectors. ...
Fidia Issues 2 Million New Shares on Partial Bond Conversion
Apr 1, 2026
Fidia S.p.A., a Turin‑based company listed on Euronext Milan, is a global specialist in numerical controls, high‑speed milling systems and CAM software used mainly in automotive mould making and aerospace applications. With more than f...
Fidia Issues 1 Million New Shares After Convertible Bond Conversion
Mar 31, 2026
Fidia has reported the conversion of one bond from the fourth tranche of its 2026 convertible bond with warrants reserved to Global Growth Holding Limited, at a price of €0.01 per share. The conversion resulted in the issuance of 1,000,000 n...
Fidia Issues 2 Million New Shares After Partial Bond Conversion
Mar 30, 2026
Fidia S.p.A., a Turin‑based provider of numerical controls, high‑speed milling systems and CAM software for complex shapes, serves mainly the automotive mould and aerospace sectors and is recognized as one of the few players able to co...
Fidia Issues 1 Million New Shares After Bond Conversion Under 2026 POC
Mar 27, 2026
Fidia S.p.A. has issued 1,000,000 new shares to Global Growth Holding Limited following the conversion of one bond from the fourth tranche of its reserved convertible bond with warrants. The new shares, issued at a conversion price of €0.01,...
Fidia strengthens governance with appointment of new CFO and IR chief
Mar 26, 2026
Fidia S.p.A. has appointed Roberto Iammarino as its new chief financial officer, manager in charge of preparing the company’s accounting documents, and investor relations manager, consolidating key financial and market communication responsi...
Fidia issues 2 million new shares after bond conversion by Global Growth Holding
Mar 26, 2026
Fidia S.p.A. has reported a new step in the execution of its convertible bond loan reserved for Global Growth Holding Limited, with the conversion of two bonds from the fourth tranche into 2,000,000 new shares at €0.01 per share. Following t...
Fidia Issues 1 Million New Shares After Bond Conversion by GGHL
Mar 25, 2026
Fidia S.p.A. has announced that Global Growth Holding Limited has converted one bond from the fourth tranche of its reserved convertible bond cum warrant plan, resulting in the issuance of 1,000,000 new shares at a conversion price of €0.01 ...
Fidia Issues 2 Million New Shares After Convertible Bond Conversion
Mar 23, 2026
Fidia has converted two bonds from the fourth tranche of its 2026 convertible bond loan reserved for Global Growth Holding Limited, issuing 2,000,000 new shares at a conversion price of €0.01 per share. The newly issued shares are immediatel...
Fidia Expands Share Capital After New Bond Conversion by GGHL
Mar 19, 2026
Fidia has reported the conversion of three bonds from the fourth tranche of its convertible bond cum warrant deal with Global Growth Holding Limited, at a price of €0.02 per share, resulting in the issue of 1.5 million new shares. These new ...
Fidia Boosts Share Capital After Convertible Bond Conversions
Mar 18, 2026
Fidia S.p.A. has announced a change in its share capital following the conversion of a series of recently issued convertible bonds into ordinary shares. The company’s share capital has risen from €9,847,761.90 to €10,687,761.90, ...
Fidia Expands Share Capital After GGHL Converts New Tranche of Bonds
Mar 17, 2026
Fidia S.p.A. has announced that Global Growth Holding Limited has converted three bonds from the fourth tranche of its reserved convertible bond with warrants, at a price of €0.02 per share, into 1,500,000 new Fidia shares. These new shares ...
Fidia Advances POC Financing with New Share Issue to GGHL
Mar 16, 2026
Fidia S.p.A. has converted three bonds from the fourth tranche of its 2026 convertible bond with warrants reserved for Global Growth Holding Limited, issuing 1,000,000 new shares at €0.03 each. The new shares are admitted directly to trading...
Fidia boosts capital as GGHL ups stake via new POC tranche and bond conversion
Mar 13, 2026
Fidia S.p.A. has issued the fourth tranche of its 2026 reserved convertible bond with warrants to Global Growth Holding Limited, placing 25 bonds for a nominal €250,000 and granting 3,125,000 new warrants exercisable into shares at €0....
Fidia Completes Bond Conversion, Expands Share Capital and Free Float
Mar 11, 2026
Fidia S.p.A., a Turin‑based provider of advanced numerical controls, high‑speed milling systems and CAM software, focuses on solutions for complex machining in the automotive mould and aerospace industries. The company leverages decade...
Fidia Raises Share Capital as GGHL Converts Seven POC Bonds
Mar 10, 2026
Fidia S.p.A. has announced the conversion of seven bonds from the third tranche of its convertible bond loan with warrants, subscribed by Global Growth Holding Limited, into 1,750,000 new shares at a unit price of €0.04. The new shares are a...
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.