EMAK SPA (EM.MI) Stock Fundamental Analysis
BIT:EM - Euronext Milan - IT0001237053 - Common Stock - Currency: EUR
Taking everything into account, EM scores 4 out of 10 in our fundamental rating. EM was compared to 35 industry peers in the Household Durables industry. Both the profitability and the financial health of EM get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on EM.
1. Profitability
1.1 Basic Checks
EM had positive earnings in the past year.
EM had a positive operating cash flow in the past year.
In the past 5 years EM has always been profitable.
In the past 5 years EM always reported a positive cash flow from operatings.
1.2 Ratios
EM has a Return On Assets of 2.23%. This is in the lower half of the industry: EM underperforms 60.00% of its industry peers.
With a Return On Equity value of 5.69%, EM is not doing good in the industry: 62.86% of the companies in the same industry are doing better.
With a decent Return On Invested Capital value of 7.30%, EM is doing good in the industry, outperforming 65.71% of the companies in the same industry.
EM had an Average Return On Invested Capital over the past 3 years of 5.51%. This is significantly below the industry average of 15.60%.
The last Return On Invested Capital (7.30%) for EM is above the 3 year average (5.51%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.23% | ||
| ROE | 5.69% | ||
| ROIC | 7.3% |
ROA(3y)2.68%
ROA(5y)3.25%
ROE(3y)6.67%
ROE(5y)8.32%
ROIC(3y)5.51%
ROIC(5y)6.18%
1.3 Margins
EM's Profit Margin of 1.76% is on the low side compared to the rest of the industry. EM is outperformed by 65.71% of its industry peers.
EM's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 5.56%, EM is doing worse than 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of EM has declined.
EM has a better Gross Margin (48.54%) than 65.71% of its industry peers.
EM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.56% | ||
| PM (TTM) | 1.76% | ||
| GM | 48.54% |
OM growth 3Y-19.36%
OM growth 5Y-3.12%
PM growth 3Y-44.28%
PM growth 5Y-20.36%
GM growth 3Y0.43%
GM growth 5Y0.61%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), EM is creating some value.
The number of shares outstanding for EM remains at a similar level compared to 1 year ago.
The number of shares outstanding for EM has been reduced compared to 5 years ago.
EM has about the same debt/assets ratio as last year.
2.2 Solvency
EM has an Altman-Z score of 2.49. This is not the best score and indicates that EM is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of EM (2.49) is better than 62.86% of its industry peers.
EM has a debt to FCF ratio of 325.91. This is a negative value and a sign of low solvency as EM would need 325.91 years to pay back of all of its debts.
The Debt to FCF ratio of EM (325.91) is worse than 62.86% of its industry peers.
EM has a Debt/Equity ratio of 0.65. This is a neutral value indicating EM is somewhat dependend on debt financing.
EM's Debt to Equity ratio of 0.65 is on the low side compared to the rest of the industry. EM is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 325.91 | ||
| Altman-Z | 2.49 |
ROIC/WACC1.33
WACC5.49%
2.3 Liquidity
EM has a Current Ratio of 2.04. This indicates that EM is financially healthy and has no problem in meeting its short term obligations.
EM's Current ratio of 2.04 is fine compared to the rest of the industry. EM outperforms 68.57% of its industry peers.
A Quick Ratio of 1.00 indicates that EM may have some problems paying its short term obligations.
EM's Quick ratio of 1.00 is in line compared to the rest of the industry. EM outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The earnings per share for EM have decreased strongly by -40.25% in the last year.
EM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.92% yearly.
The Revenue has been growing slightly by 7.94% in the past year.
Measured over the past years, EM shows a small growth in Revenue. The Revenue has been growing by 6.76% on average per year.
EPS 1Y (TTM)-40.25%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%44.42%
Revenue 1Y (TTM)7.94%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%13.06%
3.2 Future
The Earnings Per Share is expected to grow by 31.18% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 3.78% on average over the next years.
EPS Next Y34.29%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
EPS Next 5YN/A
Revenue Next Year4.33%
Revenue Next 2Y4.16%
Revenue Next 3Y3.78%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.74, which indicates a very decent valuation of EM.
77.14% of the companies in the same industry are more expensive than EM, based on the Price/Earnings ratio.
EM is valuated cheaply when we compare the Price/Earnings ratio to 27.48, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.79, which indicates a rather cheap valuation of EM.
Based on the Price/Forward Earnings ratio, EM is valued cheaper than 82.86% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.52. EM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.74 | ||
| Fwd PE | 6.79 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EM is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EM indicates a slightly more expensive valuation: EM is more expensive than 60.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 168.96 | ||
| EV/EBITDA | 4.61 |
4.3 Compensation for Growth
EM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EM's earnings are expected to grow with 31.18% in the coming years.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y33.63%
EPS Next 3Y31.18%
5. Dividend
5.1 Amount
EM has a Yearly Dividend Yield of 2.80%.
EM's Dividend Yield is comparable with the industry average which is at 4.39.
Compared to an average S&P500 Dividend Yield of 2.34, EM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.8% |
5.2 History
The dividend of EM has a limited annual growth rate of 0.17%.
Dividend Growth(5Y)0.17%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
EM pays out 46.70% of its income as dividend. This is a bit on the high side, but may be sustainable.
EM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.7%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
BIT:EM (7/15/2025, 5:19:56 PM)
0.874
-0.01 (-1.02%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners8.49%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap143.27M
Analysts84.44
Price Target1.48 (69.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.8% |
Yearly Dividend0.05
Dividend Growth(5Y)0.17%
DP46.7%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.74 | ||
| Fwd PE | 6.79 | ||
| P/S | 0.16 | ||
| P/FCF | 168.96 | ||
| P/OCF | 5.8 | ||
| P/B | 0.5 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 4.61 |
EPS(TTM)0.1
EY11.44%
EPS(NY)0.13
Fwd EY14.73%
FCF(TTM)0.01
FCFY0.59%
OCF(TTM)0.15
OCFY17.25%
SpS5.63
BVpS1.74
TBVpS1.14
PEG (NY)0.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.23% | ||
| ROE | 5.69% | ||
| ROCE | 10.41% | ||
| ROIC | 7.3% | ||
| ROICexc | 7.85% | ||
| ROICexgc | 10% | ||
| OM | 5.56% | ||
| PM (TTM) | 1.76% | ||
| GM | 48.54% | ||
| FCFM | 0.09% |
ROA(3y)2.68%
ROA(5y)3.25%
ROE(3y)6.67%
ROE(5y)8.32%
ROIC(3y)5.51%
ROIC(5y)6.18%
ROICexc(3y)6.58%
ROICexc(5y)7.59%
ROICexgc(3y)8.69%
ROICexgc(5y)10.3%
ROCE(3y)7.91%
ROCE(5y)8.86%
ROICexcg growth 3Y-25.8%
ROICexcg growth 5Y-4.07%
ROICexc growth 3Y-24.35%
ROICexc growth 5Y-3.05%
OM growth 3Y-19.36%
OM growth 5Y-3.12%
PM growth 3Y-44.28%
PM growth 5Y-20.36%
GM growth 3Y0.43%
GM growth 5Y0.61%
F-Score6
Asset Turnover1.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 325.91 | ||
| Debt/EBITDA | 2.2 | ||
| Cap/Depr | 73.72% | ||
| Cap/Sales | 2.59% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 29.55% | ||
| Profit Quality | 5.23% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 2.49 |
F-Score6
WACC5.49%
ROIC/WACC1.33
Cap/Depr(3y)75.55%
Cap/Depr(5y)71.77%
Cap/Sales(3y)3.86%
Cap/Sales(5y)3.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-40.25%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%44.42%
EPS Next Y34.29%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
EPS Next 5YN/A
Revenue 1Y (TTM)7.94%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%13.06%
Revenue Next Year4.33%
Revenue Next 2Y4.16%
Revenue Next 3Y3.78%
Revenue Next 5YN/A
EBIT growth 1Y-4.67%
EBIT growth 3Y-18.74%
EBIT growth 5Y3.43%
EBIT Next Year119.36%
EBIT Next 3Y37.16%
EBIT Next 5YN/A
FCF growth 1Y-93.5%
FCF growth 3Y-12.04%
FCF growth 5Y-13.15%
OCF growth 1Y-32.8%
OCF growth 3Y3.36%
OCF growth 5Y-1.36%