olivLaw · European equity research
Beewize S.p.A. BWZ.MI
Italy · Euronext Milan · ISIN IT0001487047 · Vertical: Listed companies from Italy
Beewize S.p.A. is an Italian group offering relational marketing and digital innovation services, controlled by Orizzonti Holding S.p.A., which holds 82.73% of the capital. The group has not yet reversed its losses, and its net loss for the first half of 2024 was 874 thousand EUR, so planned aggregations with strategic partners are central to its future.
At the close of 06 Nov 2026, Beewize S.p.A. (BWZ.MI) stock was 0.23 EUR (−8.00% on the day), with beta 0.12, 52-week range 0.23–0.45 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)
- 24.5
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.23 – 0.33
- in the lower half of the band · %B 0.01 · band width 34.7%
- SMA 50 / 200
- 0.31 / 0.36
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.02 / -0.02
- MACD below 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 | −23.3% | −0.6% | −22.7 pp | — |
| 3 months | −32.4% | −4.2% | −28.2 pp | — |
| 6 months | −36.8% | +4.3% | −41.1 pp | — |
| Year to date | −25.8% | +7.5% | −33.3 pp | — |
| 1 year | −17.9% | +9.9% | −27.8 pp | −5.5% |
| 3 years | −60.3% | +49.8% | −110.2 pp | +10.1% |
| 5 years | −81.3% | +42.8% | −124.1 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 | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 5.1 m | 5.3 m | 5.0 m |
| Revenue YoY | unavailable | +4.6% | −6.9% |
| Net income | -2.4 m | -1.5 m | -1.7 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -46.7% | -27.7% | -34.2% |
| Free cash flow | -2.1 m | -1.1 m | -2.0 m |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 28.0 k EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- -2.6 m EUR
- Total assets
- 8.0 m EUR
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- unavailable
- ROA
- -21.0%
- FCF margin
- -39.3%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 5.1 m | 5.3 m | 5.0 m | esef· 07 May 2025verified |
| Operating income | -2.3 m | -1.2 m | -1.4 m | esef· 07 May 2025verified |
| Depreciation & amortisation | 385.0 k | 442.0 k | 409.0 k | esef· 07 May 2025verified |
| EBITDA | -1.9 m ≈ | -739.0 k ≈ | -964.0 k ≈ | esef· 07 May 2025derived |
| Interest expense | 247.0 k | 445.0 k | 545.0 k | esef· 07 May 2025verified |
| Pre-tax income | -2.4 m | -1.5 m | -1.8 m | esef· 07 May 2025verified |
| Income tax | 8.0 k | 8.0 k | 9.0 k | esef· 07 May 2025verified |
| Net income | -2.4 m | -1.5 m | -1.7 m | esef· 07 May 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Cash | 98.0 k | 90.0 k | 28.0 k | esef· 07 May 2025verified |
| Property, plant & equipment, net | 2.0 m | 1.8 m | 1.7 m | esef· 07 May 2025verified |
| Goodwill | 4.1 m | 4.1 m | 4.1 m | esef· 07 May 2025verified |
| Intangibles (excl. goodwill) | 117.0 k | 314.0 k | 189.0 k | esef· 07 May 2025verified |
| Total assets | 8.4 m | 8.2 m | 8.0 m | esef· 07 May 2025verified |
| Total liabilities | 10.6 m | 11.0 m | 10.7 m | esef· 07 May 2025verified |
| Equity | -2.2 m | -2.9 m | -2.6 m | esef· 07 May 2025verified |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | -2.1 m | -1.0 m | -1.9 m | esef· 07 May 2025verified |
| Capex | -1.0 k | 48.0 k | 28.0 k | esef· 07 May 2025verified |
| Free cash flow | -2.1 m ≈ | -1.1 m ≈ | -2.0 m ≈ | esef· 07 May 2025derived |
| Investing cash flow | -104.0 k | -464.0 k | -102.0 k | esef· 07 May 2025verified |
| Financing cash flow | 1.8 m | 1.5 m | 2.0 m | esef· 07 May 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
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: 2 of at least 6
- score weight coverage: 12.5% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
13% · 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 · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- 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: 2 of at least 6; score weight coverage: 12.5% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -34.2% | 3 (vs peers) | 50% |
| 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 | -2.5x | 0 (on a fixed band) | 50% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| 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· partial0/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial3/100 · 1/3 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
BEEWIZE S.P.A. (BWZ.MI). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 5.0 m EUR in 2024; YoY growth -6.9%; net margin -34.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 12.5% 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
- Net margin: -34.2%
- Interest coverage: -2.5x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, 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 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
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% / +72% |
| DIA.MIDiasorin S.p.a. | 4.4 bn | 29.0 | 9.2% | 13.0% | +0.8% | +34% / −5% |
| 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 | 30.5 | 8.5% | 3.8% | −0.6% | −7% / −57% |
| ELN.MIEl.en. - S.p.a. | 1.3 bn | 30.1 | 10.9% | 7.3% | +4.2% | +26% / +72% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 19.0 | 12.8% | 7.1% | −23.0% | +10% / +67% |
| CMB.MICembre S.p.a. | 1.2 bn | 26.4 | 20.6% | 18.9% | +6.7% | +9% / +103% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −23% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 985.3 m | 10.6 | 23.5% | 41.0% | +1.8% | −3% / −22% |
| AVIO.MIAvio S.p.a. | 865.6 m | 85.1 | 2.1% | 1.8% | +21.5% | +16% / +283% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 800.3 m | 6.1 | 17.1% | 7.3% | +1.6% | +6% / +76% |
| ASC.MIAscopiave S.p.a. | 621.5 m | 17.3 | 4.2% | 17.5% | +13.4% | −12% / +27% |
| AC5.MIAcinque S.p.a. | 408.7 m | 19.4 | 4.1% | 3.6% | +0.2% | −7% / +7% |
| BAN.MIBasic Net S.p.a. | 350.2 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 320.4 m | 12.9 | 11.1% | 13.7% | +9.2% | −3% / +10% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 130.1 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 116.6 m | 11.5 | 18.5% | 10.2% | −1.3% | −27% / −33% |
| ABT.MIAbitare In S.p.a. | 74.9 m | 272.0 | 0.4% | 0.4% | +39.8% | −7% / −48% |
| ELC.MIElica S.p.a. | 63.7 m | — | -7.8% | -2.2% | +1.9% | −35% / −49% |
| DEX.MIDexelance S.p.a. | 52.8 m | 3.0 | 11.0% | 5.4% | +12.6% | −61% / −77% |
| 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 | 5.1 | 10.9% | 3.8% | −2.5% | −5% / −11% |
| AEF.MIAeffe S.p.a. | 10.3 m | 0.5 | 21.9% | 7.7% | −21.3% | −58% / −86% |
1- and 3-year price returns: for BWZ.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
Beewize S.p.A. is an Italian group offering relational marketing and digital innovation services, controlled by Orizzonti Holding S.p.A., which holds 82.73% of the capital 1. The group has not yet reversed its losses, and its net loss for the first half of 2024 was 874 thousand EUR 1, so planned aggregations with strategic partners are central to its future.
SWOT
Strengths
- Loyal historical clients and new clients won under Softec's repositioning project 1.
- Continued financial support from the majority shareholder, which committed to provide the necessary resources for at least 12 months 1.
- Softec's financial plan indicates self-sufficiency and a cash surplus over the following 12 months 1.
Weaknesses
Opportunities
Risks
- Operational continuityhigh
Management acknowledges that carrying out the actions and aggregations needed for economic balance depends on uncertain future events, which could affect business continuity 1.
- Dependence on the majority shareholderhigh
Group funding depends largely on support from Orizzonti Holding S.p.A., and a withdrawal of that support could create liquidity problems 1.
- Access to creditmedium
If the group cannot obtain financing through ordinary bank channels, it could face difficulties financing its working capital 1.
- Client credit riskmedium
A deterioration in economic conditions could increase the insolvency risk of commercial counterparties 1.
- Geopolitical riskmedium
The conflicts in Ukraine and the Middle East could affect the global economy and energy prices, with impact on client investment 1.
Investment thesis
What would need to be true (bull case)
- If Softec's repositioning delivers the planned results, the group could return to profitability, especially if new clients consolidate 1.
- Constant support from the majority shareholder provides short-term financial stability that could allow the repositioning to continue 1.
- If an aggregation with a strategic partner is completed, the result could be a significantly larger business volume and a more efficient cost structure 1.
What would break the thesis
- Continued losses and the lack of economic balance could deepen dependence on the majority shareholder for funding 1.
- If client investment in digital innovation declines, Softec's revenues could fall and the repositioning plan could be delayed 1.
- Management acknowledged that the essential aggregations are uncertain, and the halted talks with Mexedia illustrate execution risk 1.
What to watch
- Results of Softec's repositioning against plan2025
- Any aggregation agreements with strategic partners2025
- Continuation of majority shareholder financial support and level of net debt2025
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
Beewize is an Italian holding whose activities are concentrated in its subsidiary Softec S.p.A., which provides consulting and multichannel relational marketing and new media communication services 1. The parent company took Softec off the Euronext Growth Milan market after its delisting, which changed the group's cost structure 1. Management says the strategic repositioning is operational, but the planned economic results have not yet materialised 1.
Segments
Softec S.p.A.
Softec, the main operating subsidiary, launched a strategic repositioning project and won new clients while keeping its historical ones, yet planned results were missed because of internal organisational issues that management considers resolved 1. The board approved a 12-month financial plan indicating limited cash needs and the ability to generate a surplus, with a stress scenario tested separately 1.
Beewize S.p.A. (holding)
The holding does not generate enough cash to self-finance, and its cash needs are expected to be covered by new financing sources or by the majority shareholder, which confirmed resources for at least 12 months 1.
Market context
The group's activity depends on companies' willingness to invest in digital innovation, multichannel relational marketing and new media communication 1. The company notes that macroeconomic conditions, consumer and business confidence and financial market volatility can directly influence these investments 1.
Trends
- Digital innovation investmentheadwind
If client companies cut their digital marketing budgets, demand for Softec's services could decline, affecting group revenues 1.
- Macroeconomic stabilisationtailwind
Management expects national economic growth in 2025, which could support demand for the group's services if it materialises 1.
- Raw material and energy costsheadwind
Higher costs for raw materials, energy and gas linked to international conflicts could reduce clients' propensity to invest in the sector where the group operates 1.
- Strategic aggregationsmixed
Industrial aggregation plans, considered essential for economic balance, are still under evaluation after negotiations with Mexedia were halted in June 2024 1, so their outcome remains uncertain.
Competitive position
The analysed source does not identify direct competitors of the group and contains no comparative market share data. The annual report shows only that Beewize examined, without success, a possible merger with Mexedia SB S.p.A., indicating that Mexedia is a relevant player in the same space 1.
- Mexedia SB S.p.A.
Company with which Beewize negotiated a merger, halted in June 2024 1.
- Heritage Ventures Ltd
Majority shareholder of Mexedia, party to the aggregation talks halted with Beewize 1.
- Potential strategic partners
Partners not yet identified, which management is evaluating for the group's development plan 1.
- Other digital consulting firms
The source does not name other competitors, but the group's activity implies competition with other relational marketing service providers.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202407 May 2025
- Annual report 202310 Apr 2024
Sources
- [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / Beewize S.p.A. · 31 Dec 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.