eVISO SpA [BIT:EVISO] is is shaping up to be one of the best small cap bets in Europe this year. Listed in Italy, with a market cap of EUR 150m, it supplies electricity to small and medium enterprises, farms, shops and restaurants. It also supplies gas.
The company previously traded under the Eviso Srl brand out of its headquarters in Cuneo. Its shares have been doing very well, up +122% YTD and a punchy 142% over the last 12 months. But there could be more to come.
eVISO is also a tech bet as it uses artificial intelligence to make the distribution of electricity more efficient, as well as advising companies on energy efficiency. This tech component partly justifies the slightly higher PE ratio of 30x.
The last set of financial results looked solid: eVISO reported in October revenues of EUR 57m and net income of EUR 1.24m. This is a sharp rise of 44% in revenues. There was also a massive - +347% - rise in EPS compared to the corresponding quarter in 2023.
What else makes eVISO one of the best small cap bets in Europe?
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