Seco S.p.A. designs and manufactures industrial and medical-grade computing products, from embedded boards and touch panels to human-machine interface terminals, selling mostly into factory automation, medical devices and a growing set of edge-computing OEMs. Its edge is design-in: once a Seco board is engineered into a customer's machine, it tends to stay there for the platform's life, which gives the company a sticky, long-cycle revenue base. The near-term catalyst is the industrial and medical capex cycle turning up, which would lift volumes on exactly those design wins. The case for a closer look rests on the valuation: at a forward P/E of 25.5 the stock is priced for a recovery, while current figures are weak, with revenue down 2.4%, a 3.5% operating margin and a 21.7% gross margin. The thesis hinges on whether margin expansion arrives before the multiple has to compress.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €4.00 | first publication | €4.18 |
Answered from Seco S.p.A. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| IOT.MI Seco S.p.A. | €4.15 | - | - | - | -0.1% | 36 | 39 |
| SSYS Stratasys Ltd. Ordinary Shares (Israel) | $6.83 | - | - | - | -13.4% | 43 | 21 |
| NNDM Nano Dimension Ltd. American Depositary Shares | $1.38 | - | - | - | -24.5% | 39 | 32 |
| QMCO Quantum Corporation Common Stock | $16.98 | - | - | - | 0.0% | 29 | 53 |
| AL2SI.PA 2CRSI S.A. | €27.28 | - | - | 73.9x | 24.1% | 54 | 48 |
| MUB.DE Mühlbauer Holding AG | €43.80 | €34 | 30% above | 28.3x | 13.2% | 60 | 72 |
| DDD 3D Systems Corporation Common Stock | $3.05 | - | - | - | -21.3% | 35 | 39 |
Where IOT.MI ranks against its sector peers on each metric.