Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Aplicaciones y Tratamientos de Sistemas, S.A. is a Spanish information technology company specializing in consulting, IT services, and software development. It operates primarily in Spain and internationally, delivering solutions that support digital transformation for organizations across various sectors. Key services encompass IT governance, channels and commerce, digital design and user experience, architecture and development, data analytics and business intelligence, customer engagement and marketing, culture and workplace enhancements, cloud computing and infrastructure, as well as DEXS and other specialized offerings. The company designs IT architectures, provides systems integration, develops custom applications, and manages services to boost operational efficiency. Aplicaciones y Tratamientos de Sistemas, S.A. focuses on computer services, with activities in telecommunications, programming, consultancy, and computing infrastructure. Founded in 1994 and headquartered in Las Rozas, Spain, it plays a vital role in the software and IT services market by enabling businesses to leverage technology for competitive advantage.
€4.16
€0.02 (-0.48%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 5.93%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 25.0%, still solid. Free cash flow declined 86% despite revenue growth, conversion is weakening.
Free cash flow declined 86% versus the prior year, cash generation momentum has weakened. Net debt of €8M represents 13.6x FCF, leverage limits flexibility.
23.3x earnings, 341.8x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€210M
▲ +25.0% YoY
Net Income (TTM)
€9M
▲ +25.5% YoY
Op. Margin
5.93%
▲ +0.5pp YoY
ROIC
19.51%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€608K
▼ -86.3% YoY
Op. Cash Flow (TTM)
€1M
▼ -76.6% YoY
Net Debt
€8M
Cash & Equiv.
€11M
3Y CAGR: +29.6%
3Y CAGR: -40.9%
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