Finanza.Tech
On 27 December 2021, Finanza.Tech S.p.A. received from Borsa Italiana the order for the admission of the Company’s Ordinary Shares and Warrants on “Euronext Growth Milan”, a multilateral negotiations system organized and managed by Borsa Italiana. Negotiations began on 29 December 2021.
The total value of the resources collected through the IPO is approximately Euro 3.5 million.
The enterprise is a Financial Enabler that, thanks to its digital platform and advanced data management, allows companies to dialogue in the financial field with banks, investors, and other entities in a timely, simple and flexible manner. Not only finance; Finanza.Tech also deals with Business Information and Management Consulting intending to revolutionize the logic of access and participation in the capital market, and reduce access times and costs.
Ultima Ricerca Finanza.Tech
UPDATE| In 1H25A, revenues amounted to € 2.53 million, down from € 5.51 million in 1H24A, reflecting the expected contraction in the tax credit segment. This trend is part of a broader transformation of the business model, increasingly focused on scalable, high value-added technological solutions. The launch of the proprietary Finanza.tech platform and AI-Human Based services, such as IllimiTED CFO, marks a strategic turning point aimed at generating recurring revenues and higher margins. EBITDA stood at -€ 0.78 million, with an EBITDA margin of -30.9%. EBIT amounted to -€ 1.99 million, while Net Income was -€ 1.69 million. The Net Financial Position (NFP) showed € 1.81 million of net debt, reflecting investments made in the platform and in human capital. In light of the results published in the 1H25A interim report, we have revised our estimates for both the current fiscal year and the following periods.Specifically, we estimate FY25E revenues at € 3.80 million and EBITDA at € -0.05 million. The downward revision in FY25E revenues reflects a natural rebalancing following the structural slowdown of the tax credit business, driven by exogenous legislative factors that had previously supported growth. Looking ahead, we forecast revenues to increase to € 6.30 million by FY27E (representing a CAGR 2025E–2027E of 28.8%) and EBITDA to reach € 2.70 million, corresponding to an EBITDA margin of 42.9%, up from € 2.14 million in FY24A (EBITDA margin 29.7%). Due to the lack of comparable companies, we assessed Finanza.tech’s equity value using the DCF methodology only. The DCF method (which includes a 2.5% specific risk premium in the WACC as a precaution) yields an equity value of € 12.6 million. The target price is € 0.95, with a BUY rating and MEDIUM risk. |
