TPRO Stock Analysis: Technoprobe | MI
Semiconductors | MI, Italy | Market Cap: 24.268m EUR | 12M Return: 345% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 32.9M
Warnings
Tailwinds
Seasonality 4.4 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Technoprobe S.p.A. is an Italian-headquartered company that designs, develops, and produces electronic circuit components, including mechanical interfaces for hybrid circuits and semiconductor devices and probe cards used to test the operation of chips. The firm sells its products primarily in Italy, Asia, the United States, and the rest of Europe, serving end-markets such as digital data and 5G, IoT, data centers, automotive and self-driving, telecommunications and media, industrial, aerospace, and consumer electronics. Founded in 1993 and listed on the Milan Stock Exchange under the ticker TPRO, the company operates as a subsidiary of T-Plus S.p.A. and is classified within the Information Technology sector under the Semiconductors sub-industry.
Probe cards, Technoprobes core product, sit at the wafer-level testing stage of semiconductor manufacturing, providing the electrical connection between automated test equipment and each die on a wafer to verify functionality before packaging. As a specialized supplier in this segment, the company addresses a concentrated customer base that includes major foundries and outsourced semiconductor assembly and test (OSAT) providers, linking its performance to global semiconductor production cycles and capacity utilization trends.
- HBM and AI chip testing demand lifts probe card orders
- FormFactor and MJC competition pressures pricing and probe card margins
- T-Plus parent ownership constrains free float and capital allocation
| Net Income: 97.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.89 > 1.0 |
| NWC/Revenue: 133.6% < 20% (prev 157.9%; Δ -24.30% < -1%) |
| CFO/TA 0.19 > 3% & CFO 264.7m > Net Income 97.7m |
| Net Debt (14.6m) to EBITDA (201.4m): 0.07 < 3 |
| Current Ratio: 7.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (640.3m) vs 12m ago 6.81% < -2% |
| Gross Margin: 44.41% > 18% (prev 41.14%; Δ 3.27% > 0.5%) |
| Asset Turnover: 44.44% > 50% (prev 38.57%; Δ 5.87% > 0%) |
| Interest Coverage Ratio: 156.3 > 6 (EBIT TTM 136.3m / Interest Expense TTM 872k) |
| A: 0.59 (Total Current Assets 974.4m - Total Current Liabilities 134.7m) / Total Assets 1.42b |
| B: 0.57 (Retained Earnings 805.6m / Total Assets 1.42b) |
| C: 0.10 (EBIT TTM 136.3m / Avg Total Assets 1.41b) |
| D: 6.79 (Book Value of Equity 1.24b / Total Liabilities 182.3m) |
| Altman-Z'' = 13.50 = AAA |
| DSRI: 0.87 (Receivables 119.9m/118.8m, Revenue 628.4m/543.2m) |
| GMI: 0.93 (GM 41.14% / 44.41%) |
| AQI: 1.02 (AQ_t 0.10 / AQ_t-1 0.09) |
| SGI: 1.16 (Revenue 628.4m / 543.2m) |
| TATA: -0.12 (NI 97.7m - CFO 264.7m) / TA 1.42b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of June 30, 2026, the stock is trading at EUR 33.78 with a total of 679,185 shares traded. Over the past week, the price has changed by -11.89%, over one month by +2.80%, over three months by +129.13% and over the past year by +344.98%.
Current recommended Stop Loss: 31.40 (which is 7% or 1.2 ATR below the current price).
Technoprobe has no consensus analysts rating.
P/E Trailing = 252.6667
P/S = 38.6201
P/B = 19.4061
Revenue TTM = 628.4m EUR
EBIT TTM = 136.3m EUR
EBITDA TTM = 201.4m EUR
Long Term Debt = 10.3m EUR (from longTermDebtTotal, last quarter)
Short Term Debt = 39.0k EUR (from shortTermDebt, two quarters ago)
Debt = 14.6m EUR (Leases only: 14.6m)
Net Debt = 14.6m EUR (calculated: Debt 14.6m - CCE 14.0k)
Enterprise Value = 24.3b EUR (24.3b + Debt 14.6m - CCE 14.0k)
Interest Coverage Ratio = 156.3 (Ebit TTM 136.3m / Interest Expense TTM 872k)
EV/FCF = 243.7x (Enterprise Value 24.3b / FCF TTM 99.6m)
FCF Yield = 0.41% (FCF TTM 99.6m / Enterprise Value 24.3b)
FCF Margin = 15.86% (FCF TTM 99.6m / Revenue TTM 628.4m)
Net Margin = 15.54% (Net Income TTM 97.7m / Revenue TTM 628.4m)
Gross Margin = 44.41% ((Revenue TTM 628.4m - Cost of Revenue TTM 349.3m) / Revenue TTM)
Gross Margin QoQ = 42.47% (prev 46.22%)
Tobins Q-Ratio = 17.10 (Enterprise Value 24.3b / Total Assets 1.42b)
Interest Expense / Debt = 5.97% (Interest Expense 872k / Debt 14.6m)
Taxrate = 22.84% (29.3m / 128.1m)
NOPAT = 105.2m (EBIT 136.3m * (1 - 22.84%))
Current Ratio = 7.23 (Total Current Assets 974.4m / Total Current Liabilities 134.7m)
Debt / Equity = 0.01 (Debt 14.6m / totalStockholderEquity, last quarter 1.24b)
Debt / EBITDA = 0.07 (Net Debt 14.6m / EBITDA 201.4m)
Debt / FCF = 0.15 (Net Debt 14.6m / FCF TTM 99.6m)
Total Stockholder Equity = 1.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.91% (Net Income 97.7m / Total Assets 1.42b)
RoE = 7.91% (Net Income TTM 97.7m / Total Stockholder Equity 1.23b)
RoCE = 10.95% (EBIT 136.3m / Capital Employed (Equity 1.23b + L.T.Debt 10.3m))
RoIC = 8.18% (NOPAT 105.2m / Invested Capital 1.28b)
WACC = 9.59% (E(24.3b)/V(24.3b) * Re(9.59%) + D(14.6m)/V(24.3b) * Rd(5.97%) * (1-Tc(0.23)))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -57.74 | Cagr: -0.20%
[DCF] Terminal Value 74.07% ; FCFF base≈71.8m ; Y1≈82.3m ; Y5≈121.1m
[DCF] Fair Price = 2.31 (EV 1.50b - Net Debt 14.6m = Equity 1.48b / Shares 640.3m; r=9.59% [WACC]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 81.59 | Revenue CAGR: 16.40% | SUE: N/A | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.46 | Chg30d=+81.89% | Revisions=+56% | GrowthEPS=+206.7% | GrowthRev=+62.2%
EPS next Year (2027-12-31): EPS=0.68 | Chg30d=+85.27% | Revisions=+64% | GrowthEPS=+48.2% | GrowthRev=+34.8%
[Analyst] Revisions Ratio: +64%