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Eurotech S.p.A (ETH) Fair Value & Analysis

Technology · IT · Market cap €77.9M

ES Eurotech S.p.A ETH · MI
Price€1.19
Fair Value€0.5015
Upside-57.9%
Quality35/100
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Weak Growth
Loss-making · -11.9% net margin
Low debt · negative free cash flow
Trails peers (2/11)
Narrow moat 17/100
Evidence: Low Range €0.3740 – €0.7565 Share as image

Fair value as of: Jul 15, 2026

From 1 valuation models · updated 27 days ago

Share price −1.5% over the past month.

Below-average quality, and screening another 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.7565). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€0.3740 to €0.7565) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€6.05 €0.6680 Fair Value €0.5015 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €0.6680 – €6.05 · fair‑value band €0.3740 – €0.7565 · the €1.19 price screens above the €0.5015 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Eurotech S.p.A (ETH) currently trades at €1.19, while our model-based Fair Value estimate is €0.5015, implying the stock looks roughly 57.9% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Eurotech S.p.A generated revenue of €58.2M at a net margin of -11.9%. Revenue grew 29.3% year over year. It earns a return on equity of -11.5%. Net debt stands at €13.3M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €0.3740 (bear case) to €0.7565 (bull case); at €1.19, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -58%, ETH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) €0.4400 €0.5900 €0.8900 50
All 1 models by family
Asset-Based
NCAV (Graham) €0.4400 €0.5900 €0.8900 50

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Key figures & financial health

Revenue (TTM) €58.2M
Revenue growth (YoY) +29.3%
Net margin -11.9%
Return on equity -11.5%
Free cash flow −€2.4M FY2025
Operating margin -24.8%
More key figures
EPS (TTM) €-0.1600
EPS growth (YoY) -97.0%
Net debt €13.3M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 34 · Market factors (momentum, volatility) 63

Profitability 18
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 25
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Eurotech S.p.A. engages in the research, development, and marketing of miniaturized computers and high-performance computers in Italy, Europe, North America, and Asia.

Full company description

Eurotech S.p.A. engages in the research, development, and marketing of miniaturized computers and high-performance computers in Italy, Europe, North America, and Asia. Its product portfolio includes integrated hardware and software; edge hardware, software, and AI appliance; computer vision and AI on edge; generative AI servers; and Everyware GreenEdge, a solution that combines edge framework and remote management capabilities. The company also offers embedded PCs comprising boards and subsystems; Industrial PC; Edge gateways that are devices that enable communication between assets operating in the field and data platforms in the cloud; edge computers, rugged computing units installed in the field; and software for the integration of operational technology and information technology, including Everyware software framework edge framework on the OT side and the Everyware cloud integration platform on the IT side. It serves industrial, transportation and mobility, energy and grids, and aerospace and defence industries. The company was founded in 1992 and is headquartered in Amaro, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eurotech S.p.A reported revenue of €55.8M in FY2025 versus €63.4M in FY2021, a compound −3.1%/yr. Reported net income was −€9.3M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€55.8M
Latest YoY
−6.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−16.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.3%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.9%
Revenue −3.1%/yr
FY21 €63.4M
FY22 €94.5M
FY23 €93.8M
FY24 €59.6M
FY25 €55.8M
Net income
FY21 −€10.4M
FY22 −€1.5M
FY23 −€3.1M
FY24 −€36.2M
FY25 −€9.3M

ETH screens 58% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Eurotech S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/ETH

Peer Group

Computer Hardware · 215 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 34 · Bottom 25%
Fair Value upside −58% · Below median
Return on assets -3% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) -25% · Bottom 25%
Revenue growth 29% · Above median
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/B 1.71× · Cheaper than median
P/S (TTM) 1.55× · Pricier than median
PEG 3.70× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 0 · sector 26
HEALTH 91 · sector 97
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Eurotech S.p.A (ETH) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €0.5015 versus a price of €1.19, about −58% (overvalued).
What is the fair value of ETH?
Our model-based fair value for Eurotech S.p.A is €0.5015 (as of Jul 15, 2026), built from audited fundamentals. The current price is €1.19.
What is the quality score of ETH?
Eurotech S.p.A has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Eurotech S.p.A (ETH)?
Eurotech S.p.A reported trailing-twelve-month revenue of about €58.2M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ETH?
The net profit margin of Eurotech S.p.A is about -11.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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