olivLaw · European equity research
Olidata S.p.A. OLI.MI
Italy · Euronext Milan · ISIN IT0005634610 · Vertical: Listed companies from Italy
Olidata S.p.A. is an Italian group active in the sale of hardware and software, with maintenance and support services, and in fiscal 2025 its revenue and profitability declined. Revenue reached 93,325 thousand EUR and EBITDA Adjusted 4,542 thousand EUR, which makes the trend in margins relevant for investors in the coming period.
At the close of 05 Nov 2026, Olidata S.p.A. (OLI.MI) stock was 1.25 EUR (−4.74% on the day), with market capitalisation 25.2 m EUR, P/E 124.6 on diluted EPS of 0.01 EUR over the last 12 months, beta 0.80, 52-week range 1.25–2.32 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)
- 33.0
- weak (30–45)
- Bollinger (20, 2)
- 1.22 – 1.50
- in the lower half of the band · %B 0.10 · band width 20.8%
- SMA 50 / 200
- 1.46 / 1.62
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.05 / -0.05
- 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 | −18.0% | −0.6% | −17.4 pp | — |
| 3 months | −22.4% | −4.2% | −18.2 pp | — |
| 6 months | −17.9% | +4.3% | −22.3 pp | — |
| Year to date | −43.1% | +7.5% | −50.6 pp | — |
| 1 year | −43.1% | +9.9% | −53.0 pp | −6.1% |
| 3 years | −80.4% | +49.8% | −130.2 pp | +7.7% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
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.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 26.0, median 64.2, max 219.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 103.8 m | 96.0 m | 93.4 m |
| Revenue YoY | unavailable | −7.5% | −2.7% |
| Net income | 2.1 m | 1.0 m | 284.0 k |
| Net income YoY | unavailable | −52.7% | −72.0% |
| Diluted EPS | 0.21 | 0.05 | 0.01 |
| Diluted EPS YoY | unavailable | −76.2% | −80.0% |
| net % | 2.1% | 1.1% | 0.3% |
| Free cash flow | 2.4 m | 8.3 m | 4.8 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 9.4 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 14.8 m EUR
- Total assets
- 114.5 m EUR
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 1.9%
- ROA
- 0.3%
- FCF margin
- 5.2%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 103.8 m | 96.0 m | 93.4 m | esef· 27 May 2026verified |
| Operating income | 6.2 m | 3.6 m | 2.7 m | esef· 27 May 2026verified |
| Interest expense | 697.0 k | 1.7 m | 2.0 m | esef· 27 May 2026verified |
| Pre-tax income | 6.3 m | 1.9 m | 968.0 k | esef· 27 May 2026verified |
| Net income | 2.1 m | 1.0 m | 284.0 k | esef· 27 May 2026verified |
| Diluted EPS | 0.21 | 0.05 | 0.01 | esef· 27 May 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 10.8 m | 8.2 m | 9.4 m | esef· 27 May 2026verified |
| Inventories | 77.0 k | 148.0 k | 66.0 k | esef· 27 May 2026verified |
| Property, plant & equipment, net | 2.6 m | 8.2 m | 8.3 m | esef· 27 May 2026verified |
| Total assets | 91.7 m | 88.7 m | 114.5 m | esef· 27 May 2026verified |
| Total liabilities | 78.0 m | 74.1 m | 99.6 m | esef· 27 May 2026verified |
| Equity | 13.7 m | 14.5 m | 14.8 m | esef· 27 May 2026verified |
| Shares outstanding at year end | 10.2 m | 20.3 m | — | esef· 27 May 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 2.9 m | 14.7 m | 5.7 m | esef· 27 May 2026verified |
| Capex | 497.0 k | 6.4 m | 864.0 k | esef· 27 May 2026verified |
| Free cash flow | 2.4 m ≈ | 8.3 m ≈ | 4.8 m ≈ | esef· 27 May 2026derived |
| Investing cash flow | -5.9 m | -15.5 m | -2.0 m | esef· 27 May 2026verified |
| Financing cash flow | 5.7 m | -1.2 m | -2.2 m | esef· 27 May 2026verified |
≈ 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: 5 of at least 6
- score weight coverage: 37.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 25.2 m EUR
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.06 – 0.23 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
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/E0.06 – 0.23 (Mid 0.13)20 companies used · median multiple 13.3x · quartiles 6.3x – 22.9xAC5.MI, ACE.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CIR.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
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: 5 of at least 6; score weight coverage: 37.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 0.3% | 23 (vs peers) | 17% |
| FCF conversion · Quality | 1,696.5% | 100 (on a fixed band) | 17% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 1.3x | 0 (on a fixed band) | 17% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 124.6x | 5 (vs peers) | 28% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 19.1% | 100 (on a fixed band) | 22% |
| 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
- Quality62/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation47/100 · 2/3 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
OLIDATA S.P.A. (OLI.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 93.4 m EUR in 2025; YoY growth -2.7%; net margin 0.3%; ROE 1.9%.
The estimated value range is 0.06–0.23 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.13 EUR, the price of 1.25 EUR leaves a potential of -89.4% (value / price − 1) and a margin of safety of -840.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 1,696.5%
- FCF yield: 19.1%
What contradicts it
- Net margin: 0.3%
- Interest coverage: 1.3x
- P/E (TTM): 124.6x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, EV/EBITDA, 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% / +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% |
| 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% |
| OLI.MIOlidata S.p.a. | 25.2 m | 124.6 | 1.9% | 0.3% | −2.7% | −42% / −77% |
| 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 OLI.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
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.96 Total return -23% · Per year -23% | 1.70 Total return 36% · Per year 36% | 2.57 Total return 106% · Per year 106% |
| 3 years | 0.80 Total return -36% · Per year -14% | 1.61 Total return 29% · Per year 9% | 2.69 Total return 116% · Per year 29% |
| 5 years | 0.67 Total return -46% · Per year -12% | 1.52 Total return 22% · Per year 4% | 2.81 Total return 126% · Per year 18% |
- Exit P/E± 0.40
- Net margin± 0.28
- Annual revenue growth± 0.25
- Annual dilution± 0.02
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
Olidata S.p.A. is an Italian group active in the sale of hardware and software, with maintenance and support services, and in fiscal 2025 its revenue and profitability declined. Revenue reached 93,325 thousand EUR and EBITDA Adjusted 4,542 thousand EUR, which makes the trend in margins relevant for investors in the coming period.
SWOT
Strengths
- The group has a balance sheet with a net cash financial position and its own liquid funds.
- The company capitalised development costs for new products and devices.
- The portfolio includes both product sales and recurring maintenance services.
Weaknesses
- EBITDA margin and net profit fell significantly in fiscal 2025.
- Non-recurring costs had a visible impact on the result.
- Trade payables to suppliers are large relative to current trade assets.
Opportunities
- If development of new products turns into sales, revenue could return to an upward trend.
- Maintenance services could provide more stable revenue over the long term.
- Reducing personnel and external costs could improve margins.
Threats
- A drop in demand or price pressure could continue to reduce revenue.
- Ongoing litigation and recovery of receivables from related parties present uncertainties.
- Dependence on supplier payment terms could put pressure on liquidity.
Risks
- Margin declinehigh
EBITDA Adjusted fell in fiscal 2025, and if the trend persists, operating profitability could remain weak.
- Non-recurring costsmedium
Unusual charges reduced the result; if they recur, profitability could again be affected.
- Litigation and receivablesmedium
There is a dispute over recovering a loan granted to an affiliated company, which could generate losses.
- Large trade payablesmedium
Obligations to suppliers are significant and could put pressure on liquidity if collections slow down.
- Valuation of investmentslow
The reclassification of the stake in Per te S.r.l. could require adjustments if its recoverable value declines.
Investment thesis
What would need to be true (bull case)
- If revenue stabilises, margins could recover, supported by lower personnel costs.
- The net cash financial position offers flexibility for investment and for managing trade payables.
- Development of new products could generate additional revenue in future years.
What would break the thesis
- Revenue and net profit fell, and the trend could continue if demand remains weak.
- Unusual costs and sponsorships reduced the result and could reappear.
- Litigation and uncollected receivables could generate further losses.
What to watch
- Trend of revenue and EBITDA Adjusted compared with 20252026
- Outcome of the dispute over recovery of the loan to the affiliated company2026
- Level of reported non-recurring costsnext annual report
- Evolution of trade payables and liquiditynext annual report
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
The Olidata group generates revenue from the sale of hardware and software, complemented by maintenance and support services, according to the annual report for the year ended 31 December 2025. Revenue from sales and services fell to 93,325 thousand EUR from 95,994 thousand EUR in 2024, while purchase costs rose and maintenance and support costs fell. The group also holds a stake in Le Fonti Group S.r.l. Società Benefit, accounted for under the equity method.
The financial structure changed in 2025: non-current non-financial assets increased with the reclassification of the stake in Per te S.r.l. and with development investments, and the group moved to a net cash financial position. Group equity reached 14,821 thousand EUR, but net profit fell to 284 thousand EUR.
The 2025 result was affected by unusual costs, including the termination of the former chief executive and the sponsorship of Virtus Bologna, which pushed the EBITDA margin down. Operating profitability remains under pressure, and later performance depends on the ability to reduce costs and maintain sales volume.
Segments
Hardware and software
Sales of hardware and software, net of inventory changes, form the main revenue source of the group, according to the 2025 annual report.
Maintenance and support
Maintenance and support services for software complement revenue and are reported separately in maintenance costs, which fell in 2025.
Market context
The market in which Olidata operates is that of IT equipment and software for businesses, but the available sources provide no data on market size or market shares. The revenue trend in 2025 shows a slight contraction, which suggests weaker demand or price pressure.
Market growth rates and medium-term prospects cannot be assessed from the document provided. Investors could watch whether the revenue decline stops in the coming years.
Trends
- Decline in operating revenueheadwind
Total operating revenue fell in 2025, indicating pressure on demand or prices for the group's products.
- Investment in developmentmixed
Costs for developing new products and devices were fully incurred in 2025, which may support future offerings if they translate into sales.
- Lower personnel coststailwind
Labour costs fell in 2025 due to a lower average paid workforce and part of the staff being assigned to research activities.
- High unusual costsmixed
Significant non-recurring charges, including sponsorship and terminations of management relationships, reduced margins in 2025, and their impact on future years could be limited if they do not recur.
Competitive position
The document provided does not identify competitors. Olidata operates in a hardware and software sector where competition is usually intense, but this statement is not supported by the available sources.
Without data on market share or positioning against other players, a comparison with competitors cannot be made from the sources. The analysis should be supplemented with additional documents.
- Not available from sources
The source provided does not mention any direct competitor.
- Not available from sources
The document analysed contains no data on other hardware or software suppliers.
- Not available from sources
Identifying competitors requires external sources that were not provided.
- Not available from sources
The competitive profile remains unclear from the materials available.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202527 May 2026
- Annual report 202407 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Olidata 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.