Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Paolo Dellachà was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • 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. Tillkännagivande • 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 Buy Or Sell Opportunity • Oct 17
Now 21% overvalued Over the last 90 days, the stock has fallen 33% to €5.91. The fair value is estimated to be €4.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last year. Earnings per share has declined by 17%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. 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 19% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. New Risk • Aug 10
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 German 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 21
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 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.75, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 20x in the Semiconductor industry in Germany. Total returns to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.61 per share. Reported Earnings • Mar 16
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 8.2% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • 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 8.0% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • 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. Tillkännagivande • 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 25
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 8.9% growth forecast for the Semiconductor industry in Germany. 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 8.7% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: €0.20 (vs €0.19 in FY 2020) Full year 2021 results: EPS: €0.20 (up from €0.19 in FY 2020). Revenue: €391.7m (up 23% from FY 2020). Net income: €118.3m (up 23% from FY 2020). Profit margin: 30% (in line with FY 2020). Over the next year, revenue is forecast to grow 15%, compared to a 15% growth forecast for the industry in Germany. 
