Technoprobe TPRO.MI
ItalyTechnology · SemiconductorsBorsa Italiana · EUR
42.40 EUR (+22.4%)
10 analysts
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Technoprobe is an Italian semiconductor technology company that designs and manufactures probe cards used in chip testing, with a high-tech business model and high margins.
Listed on Borsa Italiana · Symbol TPRO.MI · BIT: TPRO · Currency EUR
Key points
from its scores- ✓Good share-price trend9.8
- ✓Very solid balance sheet8.7
- ✓Strong growth7.2
- ✕Little or no dividend1.5
- ✕Demanding valuation2.2
AI analysis
bottom line, main risk, context and newsBusiness quality and growth are notable, but extreme valuation and governance risk in Italy limit near-term upside potential.
Technoprobe shows exceptional growth (revenues +42.4%, earnings +331.6%) and solid financial health (net debt negative, operating margin 36.7%), but its valuation is extremely demanding (P/E 108.3, EV/EBITDA 75.2) and its cash conversion is weak (19.6%), warranting caution despite strong momentum.
The main risk is the extreme valuation (P/E 108.3) that prices in very high sustained growth; any earnings disappointment or a change in the interest rate environment could trigger a severe correction.
Context and risks
Technoprobe operates in Italy, a country with elevated governance risk per the reference, which may affect minority shareholder protection and regulatory stability. Additionally, its high valuation (P/E 108) and explosive growth make it vulnerable to any change in the interest rate environment, although its healthy balance sheet (net debt negative) mitigates the direct impact.
Is Technoprobe stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 257% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 108.2 | 31.3 | +246% |
| EV / EBITDA | 75.1 | 20.4 | +268% |
| Price / book | 16.0 | 6.3 | +154% |
| Price / sales | 28.9 | 5.3 | +448% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 2.2 out of 10 (median for Technology: 5.3).
Average analyst target: 42.40 EUR, +22.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 6.2 (sector 6.4), Growth 7.2 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 108.2
- Forward P/E
- 42.7
- EV / EBITDA
- 75.1
- Price / book
- 16.0
- Price / sales
- 28.9
- PEG
- 1.22
- Market cap
- 22.2B EUR
- Enterprise value
- 21.5B EUR
Profitability
- ROE
- 15.8%
- ROA
- 9.5%
- ROIC (approx.)
- 19.9%
- Gross margin
- 49.0%
- Operating margin
- 36.7%
- Net margin
- 26.9%
- Free cash flow
- 56.1M EUR
- FCF yield
- 0.3%
- Cash conversion
- 20%
Solvency
- Total debt
- 22.9M EUR
- Net debt
- −682.5M EUR
- Cash
- 705.3M EUR
- EBITDA
- 286.1M EUR
- Net debt / EBITDA
- −2.38
- Debt / equity
- 1.64
- Current ratio
- 5.24
- Quick ratio
- 4.51
Growth
- Revenue growth
- +42.4%
- Earnings growth
- +331.6%
- EPS (TTM)
- 0.32 EUR
- EPS (forward)
- 0.81 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.06
- Analyst consensus
- Strong buy (10)
- Target price
- 42.40 EUR
- 52-week range
- 8.60 – 38.58
Recent news
All TPRO.MI news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Technoprobe
Is Technoprobe stock cheap or expensive?
On P/E and EV / EBITDA, it trades 257% above the Technology median on average. Valuation score: 2.2 out of 10 (median for Technology: 5.3). Average analyst target: 42.40 EUR, +22.4% versus the price. This is not investment advice.
What score does Technoprobe get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,441 of 2,130 (better than 32% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Technoprobe's P/E ratio?
Its P/E is 108.2: the share price equals 108.2 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 42.7.
How much is Technoprobe worth on the stock market?
Its market capitalisation is 22.2B EUR and its enterprise value, debt included, is 21.5B EUR.
How much debt does Technoprobe have?
It has more cash than debt: net cash of 682.5M EUR.
Does Technoprobe pay a dividend?
It pays no dividend, or almost none.
How has Technoprobe stock performed over the last year?
It has risen 300.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 8.60 and 38.58 EUR. Past performance does not guarantee future results.
What do analysts think of Technoprobe?
10 analysts cover it; their average recommendation is “Strong buy” and their average target is 42.40 EUR (+22.4% versus the price). It is an estimate, not market data.