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.
SeSa S.p.A. is an Italian holding company founded in 1973 and headquartered in Empoli, specializing in technological and digital innovation for enterprises and organizations. Its mission centers on delivering value-added IT solutions, digital services, and business applications to drive sustainable growth and digital transformation. Operating through four key segments—Corporate, Value Added Solutions via Computer Gross SpA, Software and System Integration via Var Group SpA, and Business Services via Base Digitale Group—SeSa S.p.A. distributes advanced technologies including servers, storage, networking, cloud services, cybersecurity, ERP software, data/AI platforms, and vertical banking applications. It partners with global leaders like Cisco, Dell Technologies, Microsoft, and Oracle, primarily serving system integrators, resellers, SMEs, and enterprises in Italy (over 96% of sales), with presence in Europe, Middle East, Africa, and South America. With around 6,500 employees, the company emphasizes human capital development, strategic M&A, and ESG principles, positioning it as a pivotal player in Italy's IT distribution and integration market while fostering long-term value creation.
Operating margin is thin at 2.56%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.6%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 39% versus the prior year, cash generation momentum has weakened. ROIC dropped from 9.02% to 5.95%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€3.49B
▲ +1.6% YoY
Net Income (TTM)
€76M
▼ -18.8% YoY
Op. Margin
2.58%
▼ -0.9pp YoY
ROIC
5.95%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€193M
▼ -39.0% YoY
Op. Cash Flow (TTM)
€481M
▲ +40.1% YoY
Net Debt
-€101M
Net Cash Position
Cash & Equiv.
€577M
3Y CAGR: +10.8%
3Y CAGR: -20.6%
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