olivLaw · European equity research
Biesse S.p.A. BSS.MI
Italy · Euronext Milan · ISIN IT0003097257 · Vertical: Listed companies from Italy
Biesse Group is an Italian capital goods group in mechanical engineering that designs and sells machinery and technological solutions for processing wood, glass, stone, plastics and metal, with dedicated after-sales services. In its 2025 annual report it highlights an organisational transformation and a rethinking of its Customer Care model, amid trade tensions and US tariffs that affect global investment.
At the close of 05 Nov 2026, Biesse S.p.A. (BSS.MI) stock was 4.25 EUR (−1.28% on the day), with beta 1.12, 52-week range 3.95–7.28 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 40.8
- weak (30–45)
- Bollinger (20, 2)
- 3.87 – 4.74
- in the lower half of the band · %B 0.43 · band width 20.1%
- SMA 50 / 200
- 4.75 / 5.42
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.16 / -0.19
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.3% | −0.6% | −12.6 pp | — |
| 3 months | −18.7% | −4.2% | −14.6 pp | — |
| 6 months | −34.4% | +4.3% | −38.7 pp | — |
| Year to date | −40.5% | +7.5% | −48.0 pp | — |
| 1 year | −22.0% | +9.9% | −31.9 pp | −5.5% |
| 3 years | −59.2% | +49.8% | −109.1 pp | +8.9% |
| 5 years | −84.3% | +42.8% | −127.1 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 |
|---|---|---|
| Revenue | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable |
| Net income | 12.5 m | 3.8 m |
| Net income YoY | unavailable | −70.0% |
| Diluted EPS | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable |
| net % | unavailable | unavailable |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 104.5 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 263.4 m EUR
- Total assets
- 818.2 m EUR
- Debt / equity
- unavailable
- Current ratio
- 1.27x
- ROE
- 1.4%
- ROA
- 0.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Income statement · EUR
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Net income | 12.5 m | 3.8 m | esef· 15 Apr 2025verified |
Balance sheet · EUR
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Cash | 125.0 m | 104.5 m | esef· 07 Apr 2026verified |
| Receivables | 116.6 m | 120.8 m | esef· 15 Apr 2025verified |
| Inventories | 168.4 m | 177.3 m | esef· 15 Apr 2025verified |
| Current assets | 420.5 m | 519.7 m | esef· 15 Apr 2025verified |
| Property, plant & equipment, net | 117.2 m | 137.9 m | esef· 15 Apr 2025verified |
| Goodwill | 46.7 m | 72.1 m | esef· 15 Apr 2025verified |
| Intangibles (excl. goodwill) | 36.8 m | 56.7 m | esef· 15 Apr 2025verified |
| Total assets | 649.8 m | 818.2 m | esef· 15 Apr 2025verified |
| Current liabilities | 351.6 m | 408.1 m | esef· 15 Apr 2025verified |
| Total liabilities | 388.4 m | 554.8 m | esef· 15 Apr 2025verified |
| Equity | 261.4 m | 263.4 m | esef· 15 Apr 2025verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 1 of at least 6
- score weight coverage: 4.2% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
4% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · input data missing
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 1 of at least 6; score weight coverage: 4.2% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 35 (on a fixed band) | 100% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial35/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BIESSE S.P.A. (BSS.MI). Latest full fiscal year: 2024; data up to 2025-12-31.
Figures computed from the financial statements: ROE 1.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 1 of at least 6; score weight coverage: 4.2% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.8 bn | 21.5 | 15.4% | 8.4% | +8.7% | +24% / +60% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +73% |
| DIA.MIDiasorin S.p.a. | 4.3 bn | 28.3 | 9.2% | 13.0% | +0.8% | +31% / −7% |
| CRL.MICarel Industries S.p.a. | 2.9 bn | 39.5 | 16.1% | 11.7% | +8.7% | +3% / +10% |
| AMP.MIAmplifon S.p.a. | 2.7 bn | 29.9 | 8.5% | 3.8% | −0.6% | −9% / −58% |
| ELN.MIEl.en. - S.p.a. | 1.3 bn | 30.3 | 10.9% | 7.3% | +4.2% | +26% / +73% |
| CMB.MICembre S.p.a. | 1.3 bn | 27.0 | 20.6% | 18.9% | +6.7% | +11% / +108% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 18.6 | 12.8% | 7.1% | −23.0% | +8% / +64% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −22% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 969.2 m | 10.4 | 23.5% | 41.0% | +1.8% | −5% / −23% |
| AVIO.MIAvio S.p.a. | 883.6 m | 86.8 | 2.1% | 1.8% | +21.5% | +18% / +291% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 783.3 m | 6.0 | 17.1% | 7.3% | +1.6% | +4% / +72% |
| ASC.MIAscopiave S.p.a. | 646.3 m | 18.0 | 4.2% | 17.5% | +13.4% | −8% / +33% |
| AC5.MIAcinque S.p.a. | 412.6 m | 19.6 | 4.1% | 3.6% | +0.2% | −6% / +8% |
| BAN.MIBasic Net S.p.a. | 348.0 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 324.7 m | 13.1 | 11.1% | 13.7% | +9.2% | −2% / +12% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 129.6 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 118.7 m | 11.7 | 18.5% | 10.2% | −1.3% | −26% / −32% |
| ABT.MIAbitare In S.p.a. | 76.0 m | 276.0 | 0.4% | 0.4% | +39.8% | −6% / −47% |
| ELC.MIElica S.p.a. | 64.3 m | — | -7.8% | -2.2% | +1.9% | −34% / −48% |
| DEX.MIDexelance S.p.a. | 50.7 m | 2.8 | 11.0% | 5.4% | +12.6% | −63% / −78% |
| CLE.MIClass Editori S.p.a. | 35.1 m | — | -29.2% | -3.8% | −0.7% | −9% / +106% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.2 | 10.9% | 3.8% | −2.5% | −4% / −10% |
| AEF.MIAeffe S.p.a. | 10.1 m | 0.5 | 21.9% | 7.7% | −21.3% | −59% / −86% |
1- and 3-year price returns: for BSS.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Biesse Group is an Italian capital goods group in mechanical engineering that designs and sells machinery and technological solutions for processing wood, glass, stone, plastics and metal, with dedicated after-sales services. In its 2025 annual report it highlights an organisational transformation and a rethinking of its Customer Care model, amid trade tensions and US tariffs that affect global investment 1.
SWOT
Strengths
- Strong market position, reinforced by a solutions-oriented offer rather than products alone, reflecting a long history of pre-eminence in the sector 1.
- Research and development capacity focused on updating the catalogue technologically, with a strong emphasis on continuous innovation 1.
- Global presence with a governance structure aligned with Italian and international corporate governance standards 1.
Weaknesses
- The current Customer Care model remains tied to central control, which may limit effective relationships with globally distributed customers 1.
- Technical skills may be concentrated in a limited number of key resources without sufficient succession and knowledge-sharing mechanisms 1.
- Production flexibility can be limited by manufacturing the same model across several plants, adding operational complexity 1.
Opportunities
- A move toward a multi-material approach could expand the addressable market if the sales network is aligned with the strategy 1.
- Rapid integration of advanced technologies could support differentiation and market share 1.
- An omnichannel service model could improve customer relationships and after-sales efficiency 1.
Risks
- Product competitiveness and innovationhigh
An insufficient level of innovation or late integration of technologies could reduce the relevance of the offer in reference markets and margins.
- US tariff policieshigh
Tariffs imposed by the United States can affect production and sale and could require revising pricing strategies.
- Cyclicality of demandmedium
A decline in demand or insufficient adaptation to the market context could affect business prospects and financial results.
- Transformation of the Customer Care modelmedium
The transition toward a more decentralised model could cause temporary inefficiencies and affect after-sales service quality.
- Energy volatility and geopoliticslow
Geopolitical tensions can raise energy costs and affect customers' ability to invest, although direct exposure is limited.
Investment thesis
What would need to be true (bull case)
- If the shift toward multi-material solutions and the service model consolidates, the company could regain commercial momentum and margins.
- A leading position in a sector with strong demand for integrated solutions could support long-term performance.
- If trade pressures ease, demand for capital goods could recover at a firmer pace.
What would break the thesis
- If US tariffs persist, customer investment could remain restrained, weighing on sales.
- Competition from lower-priced rivals could keep compressing margins, especially if innovation is delayed.
- The organisational transition could generate costs and inefficiencies that pressure results during implementation.
What to watch
- Evolution of order intake in regions showing slowdown2026
- Impact of US tariffs on sales and pricing2026
- Implementation of the new Industrial Plan and Customer Care model2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Biesse Group describes its activity as oriented toward offering solutions rather than only products, with an integrated presence in European, North American and Asia-Pacific markets 1. Technology updates to the catalogue are included in R&D, while customer-specific developments are invoiced to clients and excluded from that spending 1. The group also runs a services division (Biesse Services) supporting customers across the equipment lifecycle 1.
Governance follows the traditional Italian model with a shareholders meeting, a board of directors, a board of statutory auditors and an audit firm, supported by internal committees including a Control and Risks and Sustainability Committee 1. In March 2026 the board approved the corporate governance report for fiscal 2025 1.
During 2025 the group returned to its founding principles, emphasising people, participation and responsibility, while preparing a new Industrial Plan that combines global scale with local roots 1.
Segments
Machinery and solutions for wood and multi-material processing
The group sells equipment for processing wood, glass, stone, plastics and metal, and the strategy described in the report aims to move from a wood-centred approach to a multi-material one (Wood, Glass, Stone, Materia and Metal) 1.
After-sales services (Biesse Services)
The services division provides technical interventions and customer support and is a distinct part of the offer, whose effectiveness depends on staffing and available technical skills 1.
Market context
The group operates in the mechanical engineering sector, a cyclical market whose demand depends on overall economic conditions, access to financing and any public stimulus measures 1. The report states that all revenues are generated in this sector, which is highly competitive on quality, innovation, price and support in Europe, North America and Asia-Pacific 1.
The report flags slower order intake in some geographic areas and trade tensions linked to US tariffs, which could affect investment and margins, including in the United States market 1.
Trends
- Trade tensions and US tariffsheadwind
Tariffs imposed by the United States fuel global uncertainty and can affect production and sale of capital goods; the company responds by revising pricing strategies and maintaining dialogue with commercial partners 1.
- Geopolitical tensions and energy costsheadwind
Geopolitical conflicts can generate volatility in energy prices, the main channel through which such events feed into inflation and investment spending capacity 1. Direct exposure is limited, but the company monitors scenarios 1.
- Technological innovation and digital integrationtailwind
Maintaining competitiveness depends on integrating advanced technological solutions into products quickly, which could support competitive positioning if done in time 1.
- Climate risks and energy transitionmixed
The company assesses both physical climate risks and transition risks toward a low-carbon economy, using IPCC, NGFS and IEA scenarios 1. These may influence costs and strategic planning 1.
Competitive position
The group faces competition from low-end operators and new entrants offering cheaper solutions with less technology content, as well as from consolidated international groups of comparable size 1. Pressures can include aggressive pricing and new product launches, which could reduce market share and margins 1.
Competition runs on quality, innovation, price and customer support, and any gap in sales network alignment or service skills could affect the company's relative position 1.
- Low-end operators and new entrants
Competitors offering lower prices and less technology content that pressure the group's margins 1.
- Consolidated international groups
Competitors of comparable size and capabilities active in Europe, North America and Asia-Pacific 1.
- Regional CNC equipment makers
Competition on quality, innovation and support in the group's main sales areas 1.
- Multi-material solution providers
Companies that may compete in the multi-material segment the group intends to develop 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Biesse S.p.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.