BSP Stock Analysis: Bending Spoons S.p.A. | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 23.529m USD | 12M Return: 48.8% | IT0005717696 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 100M
Rev. Trend: 99.8%
Warnings
Tailwinds
Seasonality 0.2 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.
Bending Spoons S.p.A. is a Milan-based technology company founded in 2013 that acquires and operates a portfolio of well-known consumer and enterprise digital products, including AOL, Evernote, Vimeo, WeTransfer, Eventbrite, Brightcove, StreamYard, Komoot, Remini, Harvest, and Tractive. The company follows an acquisition-led growth model, purchasing mature digital businesses and applying internal product, engineering, and monetization improvements to drive performance. Most of its acquired users and customers are based in the United States and other international markets rather than Italy.
The business operates within the application software segment of the information technology sector, with revenue tied largely to consumer subscriptions, advertising, and enterprise SaaS contracts across video, communications, productivity, and file-management tools. This type of acquire and optimize strategy is common in software roll-ups, where buyers target established products with existing user bases and recurring revenue streams rather than building new applications from scratch.
- Acquisition pace accelerates with new digital business targets
- Remini AI growth drives consumer segment revenue
- Capital allocation shifts toward debt-funded transformative buyouts
| Net Income: 117.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.38 > 1.0 |
| NWC/Revenue: -39.43% < 20% (prev 5.82%; Δ -45.25% < -1%) |
| CFO/TA 0.04 > 3% & CFO 294.0m > Net Income 117.0m |
| Net Debt (4.18b) to EBITDA (618.0m): 6.76 < 3 |
| Current Ratio: 0.64 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (598.9m) vs prev -5.71% < -2% |
| Gross Margin: 65.88% > 18% (prev 63.91%; Δ 1.97% > 0.5%) |
| Asset Turnover: 38.82% > 50% (prev 35.60%; Δ 3.22% > 0%) |
| Interest Coverage Ratio: 1.77 > 6 (EBIT TTM 461.0m / Interest Expense TTM 260.8m) |
| A: -0.09 (Total Current Assets 1.35b - Total Current Liabilities 2.11b) / Total Assets 8.06b |
| B: 0.07 (Retained Earnings 529.1m / Total Assets 8.06b) |
| C: 0.09 (EBIT TTM 461.0m / Avg Total Assets 4.97b) |
| D: 0.19 (Book Value of Equity 1.26b / Total Liabilities 6.80b) |
| Altman-Z'' = 0.41 = B |
| DSRI: 1.25 (Receivables 308.9m/85.9m, Revenue 1.93b/671.1m) |
| GMI: 0.97 (GM 63.91% / 65.88%) |
| AQI: 1.09 (AQ_t 0.82 / AQ_t-1 0.75) |
| SGI: 2.88 (Revenue 1.93b / 671.1m) |
| TATA: -0.02 (NI 117.0m - CFO 294.0m) / TA 8.06b) |
| Beneish M = -1.45 (Cap -4..+1) = D |
As of October 15, 2026, the stock is trading at USD 53.46 with a total of 19,644,698 shares traded. Over the past week, the price has changed by +30.17%, over one month by +30.23%, over three months by +64.49% and over the past year by +48.79%.
Current recommended Stop Loss: 50.30 (which is 5.9% or 1.1 ATR below the current price).
Bending Spoons S.p.A. has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy BSP.
- StrongBuy: 7
- Buy: 1
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 47.7 | -10.8% |
P/E Trailing = 84.1818
P/S = 11.5232
P/B = 17.5209
Revenue TTM = 1.93b USD
EBIT TTM = 461.0m USD
EBITDA TTM = 618.0m USD
Long Term Debt = 4.09b USD (from longTermDebt, last quarter)
Short Term Debt = 807.1m USD (from shortTermDebt, last quarter)
Debt = 4.97b USD (from shortLongTermDebtTotal, last quarter) + Leases 10.2m
Net Debt = 4.18b USD (calculated: Debt 4.97b - CCE 793.0m)
Enterprise Value = 27.7b USD (23.5b + Debt 4.97b - CCE 793.0m)
Interest Coverage Ratio = 1.77 (Ebit TTM 461.0m / Interest Expense TTM 260.8m)
EV/FCF = 95.64x (Enterprise Value 27.7b / FCF TTM 289.7m)
FCF Yield = 1.05% (FCF TTM 289.7m / Enterprise Value 27.7b)
FCF Margin = 15.01% (FCF TTM 289.7m / Revenue TTM 1.93b)
Net Margin = 6.06% (Net Income TTM 117.0m / Revenue TTM 1.93b)
Gross Margin = 65.88% ((Revenue TTM 1.93b - Cost of Revenue TTM 658.4m) / Revenue TTM)
Gross Margin QoQ = 65.62% (prev 67.01%)
Tobins Q-Ratio = 3.44 (Enterprise Value 27.7b / Total Assets 8.06b)
Interest Expense / Debt = 5.25% (Interest Expense 260.8m / Debt 4.97b)
Taxrate = 46.51% (101.7m / 218.6m)
NOPAT = 246.6m (EBIT 461.0m * (1 - 46.51%))
Current Ratio = 0.64 (Total Current Assets 1.35b / Total Current Liabilities 2.11b)
Debt / Equity = 3.95 (Debt 4.97b / totalStockholderEquity, last quarter 1.26b)
Debt / EBITDA = 6.76 (Net Debt 4.18b / EBITDA 618.0m)
Debt / FCF = 14.41 (Net Debt 4.18b / FCF TTM 289.7m)
Total Stockholder Equity = 994.9m (last fiscal year from totalStockholderEquity)
RoA = 2.35% (Net Income 117.0m / Total Assets 8.06b)
RoE = 11.76% (Net Income TTM 117.0m / Total Stockholder Equity 994.9m)
RoCE = 9.07% (EBIT 461.0m / Capital Employed (Equity 994.9m + L.T.Debt 4.09b))
RoIC = 3.71% (NOPAT 246.6m / Invested Capital 6.65b)
WACC = 16.21% (E(23.5b)/V(28.5b) * Re(19.04%) + D(4.97b)/V(28.5b) * Rd(5.25%) * (1-Tc(0.47)))
Discount Rate = 19.04% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
[DCF] Terminal Value 56.70% ; FCFF base≈190.5m ; Y1≈218.4m ; Y5≈321.4m
[DCF] Fair Price = N/A (negative equity: EV 2.00b - Net Debt 4.18b = -2.18b; debt exceeds intrinsic value)
Revenue Correlation: 99.85 | Revenue CAGR: 83.72% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.30 | Chg30d=-3.18% | Revisions=+44% | Analysts=6
EPS current Year (2026-12-31): EPS=1.40 | Chg30d=-0.64% | Revisions=+70% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=1.92 | Chg30d=-2.68% | Revisions=+10% | GrowthEPS=+37.4% | GrowthRev=+47.0%
[Analyst] Revisions Ratio: +52% (up=16, down=4)