# Bending Spoons S.p.A. (BSP) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Communication Services / Diversified Telecommunication Services. Price $39.58, market value $25.1 billion.

## Valuation
- **P/E (trailing): 92.0×**. Bending Spoons S.p.A. trades at 92.0× trailing earnings. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 20.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 13.0×**. Each dollar of revenue is priced at 13.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 18.9×**. The shares trade at 18.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 56.6×**. Enterprise value is 56.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.3%**. Free cash flow equals 1.3% of the market value.
- **Earnings yield: 1.1%**. The inverse of the P/E: 1.1% of the price is earned each year.

## Profitability
- **Gross margin: 66.0%**. Bending Spoons S.p.A. keeps 66.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 21.7%**. 21.7% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 0.9%**. 0.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.3%**. 2.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.4%**. Return on all capital, debt included, is 7.4%.
- **Return on assets: 2.5%**. Each dollar of assets produces 2.5% of profit.

## Growth
- **Revenue growth (1 yr): 288.7%**. Revenue grew 288.7% over the last year.
- **EPS growth (1 yr): -71.6%**. Earnings per share fell 71.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 2.69**. Debt is 2.69 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 4.3×**. It would take 4.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.6×**. Operating profit covers interest 1.6×, thin but manageable.
- **Current ratio: 0.82** (quick 0.82). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 5.15**. A Z-score of 5.15 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Bending Spoons S.p.A. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Bending Spoons S.p.A.; the consensus is buy, with an average price target of $48.02 (+21% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -32.8%** (31.5% above the low). Trading 33% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 46**. An RSI of 46 is neutral.

Live score and charts: https://foliofundamentals.com/analyzer?s=BSP · Page: https://foliofundamentals.com/stocks/bsp

Not investment advice.