Eurotech S.p.A.

BIT:ETH Stock Report

Market Cap: €25.0m

Eurotech Valuation

Is ETH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ETH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ETH (€0.67) is trading below our estimate of fair value (€0.85)

Significantly Below Fair Value: ETH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ETH?

Key metric: As ETH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ETH. This is calculated by dividing ETH's market cap by their current revenue.
What is ETH's PS Ratio?
PS Ratio0.4x
Sales€67.23m
Market Cap€24.97m

Price to Sales Ratio vs Peers

How does ETH's PS Ratio compare to its peers?

The above table shows the PS ratio for ETH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
MFT Matica Fintec
0.8x3.4%€17.4m
CELL Cellularline
0.3x7.4%€51.3m
OLI Olidata
0.4x-1.0%€57.9m
VNE VNE
0.5x21.0%€7.8m
ETH Eurotech
0.4x9.4%€23.7m

Price-To-Sales vs Peers: ETH is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does ETH's PS Ratio compare vs other companies in the European Tech Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
ETH 0.4xIndustry Avg. 0.6xNo. of Companies7PS00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ETH is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Tech industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is ETH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ETH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: ETH is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ETH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.67
€1.00
+48.6%
20.0%€1.20€0.80n/a2
Sep ’25€1.33
€1.68
+25.9%
10.4%€1.85€1.50n/a2
Aug ’25€1.12
€1.68
+49.8%
10.4%€1.85€1.50n/a2
Jul ’25€1.13
€1.68
+48.2%
10.4%€1.85€1.50n/a2
Jun ’25€1.28
€1.68
+30.7%
10.4%€1.85€1.50n/a2
May ’25€1.50
€1.93
+28.5%
3.9%€2.00€1.85n/a2
Apr ’25€1.74
€2.75
+58.4%
9.1%€3.00€2.50n/a2
Mar ’25€2.25
€2.75
+22.5%
9.1%€3.00€2.50n/a2
Feb ’25€2.19
€2.75
+25.6%
9.1%€3.00€2.50n/a2
Jan ’25€2.47
€2.75
+11.6%
9.1%€3.00€2.50n/a2
Dec ’24€2.28
€2.75
+20.6%
9.1%€3.00€2.50n/a2
Nov ’24€1.96
€3.55
+81.1%
15.5%€4.10€3.00€0.892
Oct ’24€2.44
€3.55
+45.5%
15.5%€4.10€3.00€1.022
Sep ’24€3.03
€4.50
+48.8%
11.1%€5.00€4.00€1.332
Aug ’24€3.05
€4.50
+47.5%
11.1%€5.00€4.00€1.122
Jul ’24€2.80
€4.50
+60.7%
11.1%€5.00€4.00€1.132
Jun ’24€3.05
€4.50
+47.5%
11.1%€5.00€4.00€1.282
May ’24€2.95
€4.50
+52.5%
11.1%€5.00€4.00€1.502
Apr ’24€3.08
€4.50
+46.2%
11.1%€5.00€4.00€1.742
Mar ’24€3.32
€4.85
+46.0%
3.1%€5.00€4.70€2.252
Feb ’24€3.18
€4.85
+52.7%
3.1%€5.00€4.70€2.192
Jan ’24€2.86
€4.85
+69.3%
3.1%€5.00€4.70€2.472
Dec ’23€3.33
€4.85
+45.6%
3.1%€5.00€4.70€2.282

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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