Seri Industrial S.p.A. (SERI) AI Stock Analysis

Seri Industrial S.p.A.

(Milan:SERI)

Select Model

Rating:50Neutral

Price Target:EUR 2.50▲(11.36% Upside)

Action:reiterated

Date:09/06/26

The score is held back primarily by pressured financial quality (negative gross profit in 2025, higher leverage, and a reversal to negative operating/free cash flow) and weak technicals (below key moving averages with negative MACD). A low P/E provides some valuation support, but it does not fully offset the elevated cash-flow and balance-sheet risk.

Positive Factors

Strong historical revenue expansionStrong multi-year revenue expansion indicates that Seri Industrial has increased commercial activity across its operating businesses. If the company can stabilize margins, this broader revenue base may support improved operating leverage and provide a durable platform for future growth.

Negative Factors

Severe gross-margin deteriorationNegative gross profit is a material threat to the durability of earnings because reported sales are not covering direct production costs at the gross level. Persistent margin compression could weaken profitability, limit reinvestment capacity, and undermine the benefits of prior revenue growth.

Seri Industrial S.p.A. (SERI) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 121.18M
Dividend Yield: ―
Average Volume (3M): 341.99K
Price to Earnings (P/E): 4.8
Beta (1Y): 0.43
Revenue Growth: 8.21%
EPS Growth: -8.66%
Country: Italy
Employees: 1,324
Sector: General
Sector Strength: 55
Industry: Renewable Utilities

Seri Industrial S.p.A. Business Overview & Revenue Model

Company Description

Through its various subsidiaries, Seri Industrial S.p.A. is actively involved in the manufacturing and reprocessing of plastic materials. These materials cater to a diverse array of sectors, such as electric accumulators, automotive, hydro-thermo-san...

How the Company Makes Money

Seri Industrial makes money primarily by selling industrial products from its two main business areas: (1) Batteries / energy storage and (2) Plastics / compounding. In the batteries segment, revenue is generated from the manufacture and sale of batt...

Seri Industrial S.p.A. Financial Statement Overview

Summary

Mixed fundamentals: despite a multi-year recovery and positive net income in 2025, profitability deteriorated sharply with gross profit turning negative. Leverage increased materially (debt-to-equity up to ~1.6) and cash flow weakened, with negative operating cash flow and deeply negative free cash flow in 2025, raising near-term funding and execution risk.

Income Statement

58Neutral

Balance Sheet

49Neutral

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	420.41M	278.98M	201.52M	166.33M	171.29M	157.70M
Gross Profit	-342.00K	124.61M	91.98M	39.86M	16.60M	40.61M
EBITDA	-13.97M	-8.46M	67.36M	18.78M	18.84M	18.38M
Net Income	26.32M	14.22M	25.10M	-11.97M	-4.38M	-1.53M
Balance Sheet
Total Assets	982.99M	937.19M	759.93M	442.95M	368.89M	346.05M
Cash, Cash Equivalents and Short-Term Investments	42.93M	46.16M	46.61M	65.16M	26.41M	20.29M
Total Debt	304.51M	267.37M	143.15M	131.94M	131.83M	119.69M
Total Liabilities	766.43M	766.94M	604.07M	312.37M	225.36M	225.12M
Stockholders Equity	204.40M	168.72M	154.25M	130.46M	143.49M	120.52M
Cash Flow
Free Cash Flow	-54.43M	-125.13M	-67.40M	51.91M	-24.34M	-13.37M
Operating Cash Flow	79.30M	-36.28M	20.13M	76.43M	-6.50M	12.19M
Investing Cash Flow	-116.85M	-89.03M	-25.00M	-25.14M	-16.62M	-24.60M
Financing Cash Flow	85.13M	124.90M	-13.02M	-11.66M	28.44M	24.09M

Seri Industrial S.p.A. Technical Analysis

Technical Analysis SentimentNegative

Last Price2.25

Price Trends

50DMA2.31Negative

100DMA2.57Negative

200DMA2.48Negative

Market Momentum

MACD-0.03Negative

RSI44.49Neutral

STOCH79.76Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SERI, the sentiment is Negative. The current price of 2.25 is below the 20-day moving average (MA) of 2.26, below the 50-day MA of 2.31, and below the 200-day MA of 2.48, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.49 is Neutral, neither overbought nor oversold. The STOCH value of 79.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:SERI.

Seri Industrial S.p.A. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IT:SERI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IT:IP	73Outperform	EUR 3.98B	18.60	10.06%	0.94%	0.99%	-0.11%
IT:GE	71Outperform	EUR 160.98M	16.06	9.80%	3.84%	2.93%	-5.68%
IT:TES	64Neutral	EUR 251.53M	119.43	2.82%	―	12.03%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IT:SERI	50Neutral	EUR 121.18M	4.76	14.11%	―	8.21%	-8.66%
IT:BSS	48Neutral	EUR 112.90M	-5.35	-8.92%	―	-4.54%	-75.92%

* General Sector Average

Performance Comparison

IT:SERI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IT:SERI	Seri Industrial S.p.A.	2.25	-0.35	-13.65%
IT:BSS	Biesse SPA	4.12	-1.42	-25.63%
IT:GE	Gefran SPA	11.20	-0.55	-4.69%
IT:IP	Interpump Group SPA	37.38	-6.30	-14.43%
IT:TES	Tesmec S.p.A.	0.42	0.31	276.58%

Seri Industrial S.p.A. Corporate Events

Seri Industrial Sets November Court Date in Dispute With London Financial Guarantees

Sep 4, 2026

Seri Industrial S.p.A., a listed Italian industrial group, is active across plastics, batteries and public transport vehicles with a strong focus on sustainable mobility and energy transition. Its subsidiaries Seri Plast, FIB and Menarini span produc...

Seri Industrial Rejects Liquidation Petition as Baseless and Disputed

Sep 1, 2026

Seri Industrial S.p.A. has disclosed that London Financial Guarantees Plc filed a petition with the Court of Santa Maria Capua Vetere seeking judicial liquidation of the company and its subsidiary FIB S.p.A., a move the group firmly rejects as basele...

Seri Industrial Publishes Merger Information Document with Related Party SE.RI.

Aug 8, 2026

Seri Industrial S.p.A. has published the information document for its planned merger by incorporation into related party SE.R.I. S.p.A., making it available at its registered office, on its website and via an authorized storage mechanism. The disclos...

Seri Industrial Calls 2026 Extraordinary Meeting to Vote on Merger Into SE.R.I. S.p.A.

Aug 7, 2026

Seri Industrial S.p.A. has convened an extraordinary shareholders’ meeting for 12 November 2026 to approve a merger by incorporation of Seri Industrial S.p.A. into SE.R.I. S.p.A., a move that could significantly reshape the group’s corpor...

Seri Industrial Publishes Key Documents for Planned Merger with SE.R.I. S.p.A.

Aug 7, 2026

Seri Industrial S.p.A. has made available key documentation related to a planned merger with SE.R.I. S.p.A., publishing the merger plan, explanatory reports, interim financial and economic statements, and separate and consolidated accounts for the pa...

Seri Industrial and Eni launch Brindisi gigafactory for LFP battery storage

Jul 9, 2026

Eni Storage Systems, a joint venture between Eni Industrial Evolution and FIB of the Seri Industrial group, has begun construction of a major hub in Brindisi to produce lithium-iron-phosphate batteries for stationary storage systems. The project repu...

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.

Date of analysis: Sep 06, 2026

Seri Industrial S.p.A. AI Stock Analysis