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.
Technoprobe S.p.A. is an Italy-based leader in semiconductors and microelectronics, specializing in the design, development, and manufacturing of probe cards. These electro-mechanical interfaces enable functional testing of chips during production, ensuring reliability for applications in 5G/6G, AI, IoT, automotive, aerospace, data centers, telecommunications, and consumer electronics. Founded in 1996 by Giuseppe Crippa and headquartered in Cernusco Lombardone near Milan, the company operates with full vertical integration, in-house design, and advanced technologies like vertical MEMS probes, thin film, and 3D MEMS, backed by over 600 proprietary patents. Technoprobe maintains a global footprint across three continents with 23 entities, approximately 3,355 employees (over half in Italy), and four research centers. Key Italian facilities include production plants in Cernusco Lombardone, Agrate, and Osnago, plus design centers in Catania and Vimercate. Strategic acquisitions such as Microfabrica (2019), Harbor Electronics (2023), and DIS Tech (2024) enhance its capabilities in advanced manufacturing and testing solutions, positioning it as a critical supplier in the chip supply chain and the world's top probe card manufacturer by volume and turnover.
€35.76
€1.44 (-3.87%)
EOD Jun 23, 2026 · Twelve Data
21.69% operating margin is above average. ROIC at 8.37%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 15.7% YoY with margins expanding 9.3pp.
At 232x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
231.7x earnings, 229.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€628M
▲ +15.7% YoY
Net Income (TTM)
€99M
▲ +57.4% YoY
Op. Margin
21.69%
▲ +9.3pp YoY
ROIC
8.37%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€100M
▲ +226.9% YoY
Op. Cash Flow (TTM)
€145M
▲ +320.4% YoY
Net Debt
-€682M
Net Cash Position
Cash & Equiv.
€697M
3Y CAGR: +4.6%
3Y CAGR: -7.9%
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