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.
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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.
Spinnova Oyj is a Finnish company specializing in the production and sale of sustainable natural fibre materials for the textile industry. It develops and offers patented technology to produce SPINNOVA textile fibres from diverse raw materials including wood pulp, leather, textile waste, agricultural residues, and food and beverage industry by-products, without harmful chemicals or dissolving processes. This mechanical refining method creates fibres with minimal water usage, low CO2 emissions, no side streams, and full biodegradability and recyclability, mimicking the properties of natural cellulosic fibres like cotton. Spinnova Oyj focuses on technology sales, including planning, engineering, proprietary equipment delivery, licensing, and services to enable partners to build efficient production lines. It maintains pilot plants for ongoing research and development of microfibrillated cellulose and fibre spinning, while supporting partnerships for commercial applications in apparel and leather-based fibres. Founded in 2014 and headquartered in Jyväskylä, Finland, Spinnova Oyj plays a key role in advancing circular and sustainable solutions within the global textile manufacturing sector.
€0.41
€0.00 (-0.72%)
EOD Jul 2, 2026
The business is unprofitable at the operating level (-6328.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 54.9% YoY. Margins deteriorated 4380.4pp alongside, both lines moving the wrong way.
ROIC dropped from -13.65% to -25.61%, capital efficiency is deteriorating. Negative free cash flow of -€12M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€344K
▼ -54.9% YoY
Net Income (TTM)
-€41M
▼ -141.8% YoY
Op. Margin
-6328.78%
▼ -4380.4pp YoY
ROIC
-25.61%
▼ -12.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€12M
▼ -36.2% YoY
Op. Cash Flow (TTM)
-€12M
▼ -36.2% YoY
Net Debt
-€18M
Net Cash Position
Cash & Equiv.
€44M
3Y CAGR: -75.8%
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Spinnova Oyj (SPINN.XHEL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Spinnova Oyj scores 16/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Spinnova Oyj scores 16 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -6,328.8% operating margin and a -25.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh SPINN.XHEL's valuation and scores 16/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.