MAIRE Stock Analysis: Maire Tecnimont S.p.A. | MI
Engineering & Construction | MI, Italy | Market Cap: 4.657m EUR | 12M Return: 29.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.31M
EPS Trend: 98.4%
Qual. Beats: 0
Rev. Trend: 98.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MAIRE S.p.A. (MI: MAIRE) is a Milan-based engineering group focused on green chemistry and energy transition technologies, operating through two main segments: Integrated E&C Solutions, which delivers engineering, procurement and construction services for low-carbon industrial assets, and Sustainable Technology Solutions, which provides technology licensing, process design packages, proprietary equipment and catalysts, and digital solutions. Its activities span nitrogen, hydrogen, circular carbon, fuels and chemicals, and polymers. The company was renamed from Maire Tecnimont S.p.A. in April 2024 and operates as a subsidiary of GLV Capital S.p.A.
As a mid-cap listed on Borsa Italiana within the Construction & Engineering sub-industry, MAIRE combines a traditional EPC business model (one-off project revenues tied to large industrial plant builds) with a higher-margin technology licensing model, where proprietary processes, catalysts and equipment generate recurring royalty-style income across multiple plants and licensees. The dual structure is typical of engineering groups serving the chemicals and refining value chain, where firms increasingly package decarbonization-oriented process know-how alongside project execution.
- Green hydrogen and ammonia project wins expand order backlog
- Sustainable Technology licensing revenue lifts segment margin mix
- Middle East and Asia energy transition capex drives E&C growth
| Net Income: 260.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.30 > 1.0 |
| NWC/Revenue: 10.96% < 20% (prev 13.70%; Δ -2.75% < -1%) |
| CFO/TA 0.04 > 3% & CFO 325.5m > Net Income 260.7m |
| Net Debt (-1.24b) to EBITDA (493.7m): -2.51 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (326.3m) vs 12m ago -0.66% < -2% |
| Gross Margin: 62.76% > 18% (prev 60.81%; Δ 1.95% > 0.5%) |
| Asset Turnover: 87.97% > 50% (prev 76.46%; Δ 11.51% > 0%) |
| Interest Coverage Ratio: 6.04 > 6 (EBIT TTM 425.1m / Interest Expense TTM 70.3m) |
| A: 0.09 (Total Current Assets 7.05b - Total Current Liabilities 6.29b) / Total Assets 8.09b |
| B: 0.08 (Retained Earnings 625.7m / Total Assets 8.09b) |
| C: 0.05 (EBIT TTM 425.1m / Avg Total Assets 7.88b) |
| D: 0.10 (Book Value of Equity 699.8m / Total Liabilities 7.32b) |
| Altman-Z'' = 1.33 = BB |
| DSRI: 0.84 (Receivables 1.61b/1.63b, Revenue 6.93b/5.86b) |
| GMI: 0.97 (GM 60.81% / 62.76%) |
| AQI: 1.07 (AQ_t 0.11 / AQ_t-1 0.10) |
| SGI: 1.18 (Revenue 6.93b / 5.86b) |
| TATA: -0.01 (NI 260.7m - CFO 325.5m) / TA 8.09b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of July 07, 2026, the stock is trading at EUR 14.89 with a total of 415,688 shares traded. Over the past week, the price has changed by +5.53%, over one month by +0.74%, over three months by +14.24% and over the past year by +29.32%.
Current recommended Stop Loss: 13.70 (which is 8% or 2.5 ATR below the current price).
Maire Tecnimont S.p.A. has no consensus analysts rating.
P/E Trailing = 17.439
P/E Forward = 8.8339
P/S = 0.6516
P/B = 6.664
P/EG = 6.3335
Revenue TTM = 6.93b EUR
EBIT TTM = 425.1m EUR
EBITDA TTM = 493.7m EUR
Long Term Debt = 304.3m EUR (from longTermDebt, last quarter)
Short Term Debt = 282.1m EUR (from shortLongTermDebt, last quarter)
Debt = 112.5m EUR (Leases only: 112.5m)
Net Debt = -1.24b EUR (calculated: Debt 112.5m - CCE 1.35b)
Enterprise Value = 3.42b EUR (4.66b + Debt 112.5m - CCE 1.35b)
Interest Coverage Ratio = 6.04 (Ebit TTM 425.1m / Interest Expense TTM 70.3m)
EV/FCF = 13.09x (Enterprise Value 3.42b / FCF TTM 261.0m)
FCF Yield = 7.64% (FCF TTM 261.0m / Enterprise Value 3.42b)
FCF Margin = 3.76% (FCF TTM 261.0m / Revenue TTM 6.93b)
Net Margin = 3.76% (Net Income TTM 260.7m / Revenue TTM 6.93b)
Gross Margin = 62.76% ((Revenue TTM 6.93b - Cost of Revenue TTM 2.58b) / Revenue TTM)
Gross Margin QoQ = 70.50% (prev 64.44%)
Tobins Q-Ratio = 0.42 (Enterprise Value 3.42b / Total Assets 8.09b)
Interest Expense / Debt = 62.52% (Interest Expense 70.3m / Debt 112.5m)
Taxrate = 31.11% (130.7m / 419.9m)
NOPAT = 292.8m (EBIT 425.1m * (1 - 31.11%))
Current Ratio = 1.12 (Total Current Assets 7.05b / Total Current Liabilities 6.29b)
Debt / Equity = 0.16 (Debt 112.5m / totalStockholderEquity, last quarter 699.8m)
Debt / EBITDA = -2.51 (Net Debt -1.24b / EBITDA 493.7m)
Debt / FCF = -4.75 (Net Debt -1.24b / FCF TTM 261.0m)
Total Stockholder Equity = 656.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.31% (Net Income 260.7m / Total Assets 8.09b)
RoE = 39.70% (Net Income TTM 260.7m / Total Stockholder Equity 656.7m)
RoCE = 44.24% (EBIT 425.1m / Capital Employed (Equity 656.7m + L.T.Debt 304.3m))
RoIC = 20.16% (NOPAT 292.8m / Invested Capital 1.45b)
WACC = 9.10% (E(4.66b)/V(4.77b) * Re(9.32%) + (debt cost/tax rate unavailable))
Discount Rate = 9.32% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 75.58% ; FCFF base≈246.3m ; Y1≈282.3m ; Y5≈415.5m
[DCF] Fair Price = 20.77 (EV 5.52b - Net Debt -1.24b = Equity 6.76b / Shares 325.7m; r=9.10% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.37 | EPS CAGR: 48.87% | SUE: -0.66 | # QB: 0
Revenue Correlation: 98.43 | Revenue CAGR: 28.23% | SUE: 0.09 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.25 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.92 | Chg30d=-0.37% | Revisions=+0% | GrowthEPS=+15.9% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=1.04 | Chg30d=-0.79% | Revisions=+29% | GrowthEPS=+12.8% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: +25% (up=6, down=3)