Stock fact sheet · data as of
Bending Spoons S.p.A. (BSP): fair value, margin of safety and Wheel Score
Technology · Software - Application · Italy · Speculative / Distressed
Is BSP undervalued?
Bending Spoons S.p.A. (BSP) closed at 55.77 on 16 Oct 2026, 221% above the GLS average fair value of 17.35. 7 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between EPV (3.66) and DCF (63.80). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BSP under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for BSP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 63.80 | +14% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 3.88 | -93% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 18.85 | -66% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.24 | -85% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 20.17 | -64% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 7.29 | -87% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 12.91 | -77% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 3.66 | -93% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -4.48 | -108% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 45.00 | -19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Bending Spoons S.p.A. scores only 0 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability BSP scores 5.6/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC -0.0%, ROE -0.0%, ROA -0.0% - with debt at 2.68 times equity and a free-cash-flow yield of 0.6%. Debt of 2.68 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Bending Spoons S.p.A. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | -0.0% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | -0.0% |
| Debt / equity | 2.68 | ROA | -0.0% |
| Free-cash-flow yield | 0.6% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 32: Weak
With a Wheel Score of 32 Bending Spoons S.p.A. sits in the Weak band. The parts - Value 0/25, Health 0/20, Moat 8/15, Premium 5/20, Stability 19/20 - show where: Value (0/25) scores lowest.
Implied volatility is 128%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. The option chain is deep: 70,829 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 7.4M shares a day on a market cap of $35.4B, with a beta of 1.48 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -221% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 5 / 20 | implied volatility 128% | |
| Stability | 19 / 20 | 7.4M shares/day, $35.4B cap, beta 1.48 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BSP in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Bending Spoons S.p.A. by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ROP Roper Technologies, Inc. | 372.69 | 587.95 | +37% | 92Prime | $36.9B |
| STRC Strategy Inc | 99.74 | - | - | 38Weak | $33.0B |
| STRF MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock | 103.34 | - | - | 35Weak | $30.7B |
| NBIS Nebius Group N.V. | 188.41 | 9.50 | -1883% | 50Fair | $45.2B |
| ZM Zoom Communications, Inc. | 94.47 | 199.41 | +53% | 86Prime | $27.7B |
| VEEV Veeva Systems Inc. | 297.35 | 177.09 | -68% | 63Fair | $48.3B |
| WDAY Workday, Inc. | 188.77 | 170.58 | -11% | 76Good | $49.4B |
| ADSK Autodesk, Inc. | 245.16 | 212.18 | -16% | 77Good | $51.2B |
| TEAM Atlassian Corporation | 204.66 | 93.16 | -120% | 45Weak | $51.8B |
| STRD Strategy Inc | 71.64 | - | - | 42Weak | $23.7B |
| STRK Strategy Inc | 73.62 | - | - | 27No options | $21.9B |
| PTC PTC Inc. | 193.64 | 185.02 | -5% | 61Fair | $21.0B |
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Start free See the Sunday ScanQuestions about BSP
Is BSP undervalued right now?
No: at 55.77 the stock trades 221% above the GLS average fair value of 17.35 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of BSP and what does it mean?
BSP scores 32 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BSP?
17.35 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bending Spoons S.p.A. report earnings next?
No upcoming earnings date is recorded for BSP in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does BSP have listed options, and how liquid are they?
Yes. The nightly snapshot found 638 listed contracts with 70,829 open interest across all expiries and implied volatility of 128% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.