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Espe S.p.A.

ESPE.MI
68
Engineering & Construction · Industrials
Price
€6.46
+0.04 (+0.62%)
Market Cap
€78.4M
Exchange
Italian Stock Exchange
Winston Score
68
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 13, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality
Good
Growth
Exceptional
Cash Flow
Good
Stability
Strong
Valuation
Good
Dividends
Good

Share count falling — buybacks

22.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 11.8M (2021) → 9.1M (2025)

§Winston Score History

The full picture

ESPE S.p.A. is a global provider of end-to-end services for industrial electrical systems, from manufacturing and setup to ongoing operation. The company's capabilities include the design and implementation of solar power installations, both rooftop and ground-mounted configurations, as well as the creation of customized electrical plants. Furthermore, ESPE S.p.A. manufactures equipment for diverse renewable energy sectors, specifically producing turbines for small to medium-scale wind power and hydroelectric facilities, alongside biomass co-generation units. The firm, founded in 1974, is headquartered in Grantorto, Italy.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+128.6% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Runway

~10 months

€5M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Espe S.p.A. has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
16.2%
Thin — 16.2% gross margin
Profit after running costs
Operating Margin
16.3%
Healthy — 16.3% operating margin
Return on the money invested
ROCE
28.2%
Exceptional — 28.2% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+5.7%
Slow sales growth (+5.7% YoY)
Profit growth
EPS YoY
+115.6%
Earnings growing fast (+115.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
104%
Turns 104% of profit into real cash
Spare cash per sale
FCF Margin
3.4%
Thin free cash flow (3.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.80
Moderate — manageable debt (0.80)
Covers its interest
Interest Cover
30.76x
Comfortably covers interest (30.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
9.4x
Attractive valuation — P/E 9.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
4.64%
Healthy income — 4.64% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
N/A
Data not available

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