SECO S.p.A. (IT:IOT)
:IOT
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SECO S.p.A.
(IOT)
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Rating:64Neutral
Price Target:
€3.00
▲(1.35% Upside)
Action:Reiterated
Date:06/03/26
The score is driven primarily by supportive fundamentals (strong operating performance, improving free cash flow, and manageable leverage) and constructive technical trend (price above major moving averages with positive momentum). Offsetting these positives are the lack of consistent net profitability (negative TTM net income) and weak valuation signals due to negative earnings (highly negative P/E) with no dividend yield provided.
Positive Factors
Consistent top-line growth
Sustained 17.8% TTM revenue growth shows durable demand for SECO's embedded and edge computing platforms amid IoT adoption. Persistent top-line expansion supports scale economies, recurring service opportunities, and funds R&D and customization efforts that strengthen long-term competitive position.
Negative Factors
Inconsistent net profitability
Intermittent net losses and swings (profitable 2022–23, sharp loss in 2024, still negative in 2025 and TTM) reduce predictability of earnings and impair the firm’s ability to consistently convert strong operating results into shareholder returns. This volatility complicates capital allocation and long-term planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent top-line growth
Sustained 17.8% TTM revenue growth shows durable demand for SECO's embedded and edge computing platforms amid IoT adoption. Persistent top-line expansion supports scale economies, recurring service opportunities, and funds R&D and customization efforts that strengthen long-term competitive position.
Read all positive factors
SECO S.p.A. (IOT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€389.09M
Dividend YieldN/A
Average Volume (3M)297.44K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth8.45%
EPS Growth96.85%
CountryIT
Employees784
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.02
Shares Outstanding133,021,120
10 Day Avg. Volume264,927
30 Day Avg. Volume297,441
Financial Highlights & Ratios
PEG Ratio2.67
Price to Book (P/B)2.44
Price to Sales (P/S)3.37
P/FCF Ratio25.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.40Price Target Upside14.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)€215.00M
SECO S.p.A. Business Overview & Revenue Model
Company Description
Seco S.p.A. develops embedded micro-computers, integrated systems, and IoT solutions. The company offers modules, single board computers, boxed solutions, HMI solutions, carrier boards, starter kits, and accessories, as well as custom hardware and...
How the Company Makes Money
SECO generates revenue primarily by selling embedded and edge-computing hardware platforms and by providing software and related services that support the deployment and lifecycle management of connected devices.
Key revenue streams typically inc...
SECO S.p.A. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 198.94M | 197.58M | 184.40M | 210.04M | 202.46M | 113.66M |
| Gross Profit | 116.29M | 13.10M | 93.52M | 55.38M | 77.51M | 41.70M |
| EBITDA | 128.81M | 34.56M | 20.72M | 48.62M | 39.66M | 16.35M |
| Net Income | -729.00K | -2.69M | -21.03M | 11.86M | 11.04M | 4.15M |
Balance Sheet | ||||||
| Total Assets | 501.69M | 486.08M | 490.93M | 538.50M | 495.23M | 403.50M |
| Cash, Cash Equivalents and Short-Term Investments | 63.36M | 66.66M | 72.58M | 74.82M | 39.59M | 58.83M |
| Total Debt | 118.64M | 115.94M | 125.08M | 139.90M | 168.39M | 168.30M |
| Total Liabilities | 204.77M | 191.62M | 199.20M | 226.00M | 258.68M | 240.50M |
| Stockholders Equity | 274.01M | 272.72M | 271.91M | 290.62M | 215.78M | 145.40M |
Cash Flow | ||||||
| Free Cash Flow | 28.15M | 25.73M | 14.41M | 5.98M | -11.51M | -40.00K |
| Operating Cash Flow | 36.84M | 34.79M | 34.89M | 25.69M | 6.76M | 13.61M |
| Investing Cash Flow | -27.95M | -26.02M | -20.20M | -19.99M | -18.42M | -143.81M |
| Financing Cash Flow | -7.11M | -12.86M | -18.13M | 30.73M | -7.06M | 164.72M |
SECO S.p.A. Technical Analysis
Positive
2.96
Price Trends
2.70
Positive
2.73
Positive
2.88
Positive
Market Momentum
0.04
Negative
62.89
Neutral
80.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:IOT, the sentiment is Positive. The current price of 2.96 is above the 20-day moving average (MA) of 2.67, above the 50-day MA of 2.70, and above the 200-day MA of 2.88, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.89 is Neutral, neither overbought nor oversold. The STOCH value of 80.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:IOT.
SECO S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €3.58B | 43.68 | 15.31% | 0.67% | 12.60% | 43.84% | |
68 Neutral | €297.23M | 21.87 | ― | 2.82% | -21.64% | -61.92% | |
64 Neutral | €389.09M | -1,290.78 | -3.24% | ― | 8.45% | 96.85% | |
62 Neutral | €856.94M | 83.41 | 33.79% | 1.54% | 1.27% | 11.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | €61.13B | 466.11 | 0.97% | 1.40% | -6.92% | -87.80% |
* Technology Sector Average
IT:IOT
SECO S.p.A.
2.92
0.66
29.20%
IT:STMMI
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31.80
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47.93%
IT:WIIT
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110.59%
IT:DGV
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28.98
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10.02%
IT:E9IA
e-Novia SpA
2.00
-0.10
-4.76%
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.