New Risk • May 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Aankondiging • Mar 23
Technoprobe S.p.A., Annual General Meeting, Apr 23, 2026 Technoprobe S.p.A., Annual General Meeting, Apr 23, 2026, at 15:00 W. Europe Standard Time. Reported Earnings • Mar 19
Full year 2025 earnings released Full year 2025 results: Revenue: €628.4m (up 16% from FY 2024). Net income: €98.8m (up 55% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €6.96, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 22x in the Semiconductor industry in Europe. Total returns to shareholders of 1.7% over the past three years. New Risk • Sep 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €8.50, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 19% over the past three years. Reported Earnings • Aug 11
First half 2025 earnings released: EPS: €0.051 (vs €0.044 in 1H 2024) First half 2025 results: EPS: €0.051 (up from €0.044 in 1H 2024). Revenue: €325.9m (up 35% from 1H 2024). Net income: €33.2m (up 23% from 1H 2024). Profit margin: 10% (down from 11% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.13, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 18x in the Semiconductor industry in Europe. Total loss to shareholders of 12% over the past three years. Aankondiging • Jun 11
Technoprobe S.p.A. has completed a Follow-on Equity Offering in the amount of €70 million. Technoprobe S.p.A. has completed a Follow-on Equity Offering in the amount of €70 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: €7
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €6.96, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.08 per share. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €6.96, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.75 per share. Reported Earnings • Apr 09
Full year 2024 earnings released Full year 2024 results: Revenue: €543.2m (up 33% from FY 2023). Net income: €62.8m (down 35% from FY 2023). Profit margin: 12% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Buy Or Sell Opportunity • Apr 09
Now 64% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €6.96. The fair value is estimated to be €4.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €6.96, the stock trades at a forward P/E ratio of 30x. Average trailing P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.09 per share. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €6.96, the stock trades at a forward P/E ratio of 43x. Average trailing P/E is 18x in the Semiconductor industry in Europe. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.23 per share. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.96, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 12x in the Semiconductor industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.33 per share. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.96, the stock trades at a forward P/E ratio of 46x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.59 per share. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.96, the stock trades at a forward P/E ratio of 46x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.51 per share. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €6.96, the stock trades at a forward P/E ratio of 42x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.41 per share. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €6.96, the stock trades at a forward P/E ratio of 43x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 7.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.26 per share. New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.96, the stock trades at a forward P/E ratio of 44x. Average trailing P/E is 15x in the Semiconductor industry in Europe. Total loss to shareholders of 5.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.11 per share. Reported Earnings • Aug 12
First half 2024 earnings released First half 2024 results: Revenue: €241.1m (up 23% from 1H 2023). Net income: €28.1m (down 6.9% from 1H 2023). Profit margin: 12% (down from 15% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). New Risk • Jun 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €6.96, the stock trades at a forward P/E ratio of 57x. Average trailing P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 3.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.79 per share. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: €409.3m (down 25% from FY 2022). Net income: €97.4m (down 34% from FY 2022). Profit margin: 24% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €6.96, the stock trades at a forward P/E ratio of 59x. Average trailing P/E is 21x in the Semiconductor industry in Europe. Total returns to shareholders of 8.6% over the past year. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €6.96, the stock trades at a forward P/E ratio of 62x. Average trailing P/E is 20x in the Semiconductor industry in Europe. Total loss to shareholders of 1.2% over the past year. New Risk • Feb 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €9.74, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 19x in the Semiconductor industry in Europe. Total returns to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €6.96, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 16x in the Semiconductor industry in Europe. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.96, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 17x in the Semiconductor industry in Europe. Total returns to shareholders of 3.9% over the past year. Aankondiging • Nov 09
Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt. Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt November 7, 2023. In a related transaction Teradyne, Inc. entered into an Investment Agreement with Technoprobe S.p.A., T-Plus S.p.A., and Teradyne International Holdings, B.V. Under the terms of the transactions Teradyne will make an approximately $516 million equity investment, based on current foreign exchange rates, in Technoprobe representing a 10% ownership interest. The Device Interface Solutions Business will be acquired by Technoprobe through its own funds, without recourse to any indebtedness. Consummation of the sale of the Device Interface Solutions Business is subject to customary conditions, including, among other things, (i) clearance from the Committee on Foreign Investment in the United States, (ii) merger control review in Taiwan, (iii) the absence of a material adverse effect with respect to the Device Interface Solutions Business and (iv) the concurrent closing of the Investment, CFIUS and Foreign Direct Investment filings in certain other jurisdictions, as well as merger control filings in Taiwan and in the U.S. under Hart-Scott Rodino. These transactions are expected to close in the first half of 2024. J.P. Morgan Securities LLC and Lazard S.r.l. acted as financial advisors to Teradyne for the transaction. Shearman & Sterling LLP and Chiomenti acted as legal counsel to Teradyne. Mediobanca acted as financial advisor to Technoprobe. Gianni & Origoni and Bryan Cave Leighton Paisner acted as legal counsel to Technoprobe. Reported Earnings • Aug 11
First half 2023 earnings released First half 2023 results: Revenue: €196.3m (down 22% from 1H 2022). Net income: €31.1m (down 53% from 1H 2022). Profit margin: 16% (down from 26% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Aankondiging • Aug 09
Technoprobe S.p.A. (BIT:TPRO) completed the acquisition of Harbor Electronics, Inc. from Shenzhen Fastprint Circuit Tech Co.,Ltd. Technoprobe S.p.A. (BIT:TPRO) signed a binding offer to acquire Harbor Electronics, Inc. from Shenzhen Fastprint Circuit Tech Co.,Ltd. for $50 million on July 3, 2023. Under the terms of the offer, which provides for an exclusivity period of 30 days to finalize and sign the final acquisition agreement, Technoprobe will pay a total amount of approximately $50 million net of any adjustments related to changes in the availability of cash of the target company. In the fiscal year ended at December 31, 2022, Harbor Electronics recorded revenues of approximately $52 million, a gross operating margin at approximately 16% and a net financial position of approximately $5 million.
Technoprobe S.p.A. (BIT:TPRO) completed the acquisition of Harbor Electronics, Inc. from Shenzhen Fastprint Circuit Tech Co.,Ltd. on August 8, 2023. Under terms of the agreement, Technoprobe will pay a total amount of $50 million in cash. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.96, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 19x in the Semiconductor industry in Europe. Total loss to shareholders of 16% over the past year. Aankondiging • Jul 12
Technoprobe S.p.A. (BIT:TPRO) commences an Equity Buyback plan for 1,500,000 shares, representing 0.25% for €12 million, under the authorization approved on June 22, 2023. Technoprobe S.p.A. (BIT:TPRO) commences share repurchases on July 3, 2023, under the program mandated by the shareholders in the Ordinary Shareholder's Meeting held on June 22, 2023. As per the mandate, the company is authorized to repurchase up to 1,500,000 shares, representing 0.25% of capital capital for €12 million. The purchase price of shares will be neither lower nor higher than 20% of the reference price recorded by the security in the stock exchange session preceding each individual transaction. The purpose of program is to serve stock option plans, stock grants or share incentive plans, against payment or free of charge, to be reserved to corporate representatives and an efficient use of the company’s financial liquidity in relation to market trends. The repurchase authorization is valid for 18 months. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Lead Independent Director Anna Svelto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: €0.25 (vs €0.20 in FY 2021) Full year 2022 results: EPS: €0.25 (up from €0.20 in FY 2021). Revenue: €548.9m (up 40% from FY 2021). Net income: €147.9m (up 25% from FY 2021). Profit margin: 27% (down from 30% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 35% growth forecast for the Semiconductor industry in the United Kingdom. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Director Anna Svelto was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 29
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €250.3m (up 185% from 1H 2021). Net income: €66.6m (up 113% from 1H 2021). Profit margin: 27% (down from 36% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 41% growth forecast for the Semiconductor industry in the United Kingdom. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €6.96, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Semiconductor industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €6.22 per share. 
