EMAK SPA (EM.MI) Stock Fundamental Analysis
Europe - BIT:EM - IT0001237053 - Common Stock
0.998 EUR
-0.01 (-0.8%)
We assign a fundamental rating of 6 out of 10 to EM. EM was compared to 34 industry peers in the Household Durables industry. EM has an average financial health and profitability rating. EM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, EM could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year EM was profitable.
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
Looking at the Return On Assets, with a value of 3.03%, EM is in the better half of the industry, outperforming 73.53% of the companies in the same industry.
EM has a Return On Equity of 7.77%. This is in the better half of the industry: EM outperforms 70.59% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.07%, EM is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for EM is significantly below the industry average of 10.91%.
The last Return On Invested Capital (8.07%) for EM is above the 3 year average (5.51%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.03% | ||
| ROE | 7.77% | ||
| ROIC | 8.07% |
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
The Profit Margin of EM (2.31%) is better than 64.71% of its industry peers.
In the last couple of years the Profit Margin of EM has declined.
Looking at the Operating Margin, with a value of 6.26%, EM is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
In the last couple of years the Operating Margin of EM has declined.
EM's Gross Margin of 48.73% is fine compared to the rest of the industry. EM outperforms 73.53% of its industry peers.
EM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.26% | ||
| PM (TTM) | 2.31% | ||
| GM | 48.73% |
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.
Compared to 1 year ago, EM has about the same amount of shares outstanding.
EM has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, EM has about the same debt to assets ratio.
2.2 Solvency
EM has an Altman-Z score of 2.66. 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.
EM has a Altman-Z score of 2.66. This is in the better half of the industry: EM outperforms 70.59% of its industry peers.
The Debt to FCF ratio of EM is 102.66, which is on the high side as it means it would take EM, 102.66 years of fcf income to pay off all of its debts.
EM has a Debt to FCF ratio (102.66) which is in line with its industry peers.
A Debt/Equity ratio of 0.75 indicates that EM is somewhat dependend on debt financing.
EM's Debt to Equity ratio of 0.75 is on the low side compared to the rest of the industry. EM is outperformed by 67.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 102.66 | ||
| Altman-Z | 2.66 |
ROIC/WACC1.33
WACC6.06%
2.3 Liquidity
EM has a Current Ratio of 2.28. This indicates that EM is financially healthy and has no problem in meeting its short term obligations.
EM's Current ratio of 2.28 is fine compared to the rest of the industry. EM outperforms 70.59% of its industry peers.
A Quick Ratio of 1.19 indicates that EM should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.19, EM is doing good in the industry, outperforming 73.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
EM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.98%, which is quite good.
The earnings per share for EM have been decreasing by -14.92% on average. This is quite bad
EM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.92%.
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)11.98%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%40.84%
Revenue 1Y (TTM)8.92%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%6.94%
3.2 Future
The Earnings Per Share is expected to grow by 31.45% on average over the next years. This is a very strong growth
EM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.78% yearly.
EPS Next Y30%
EPS Next 2Y35.75%
EPS Next 3Y31.45%
EPS Next 5YN/A
Revenue Next Year4.33%
Revenue Next 2Y4.16%
Revenue Next 3Y3.78%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.68, the valuation of EM can be described as very cheap.
91.18% of the companies in the same industry are more expensive than EM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of EM to the average of the S&P500 Index (27.57), we can say EM is valued rather cheaply.
EM is valuated cheaply with a Price/Forward Earnings ratio of 7.51.
79.41% of the companies in the same industry are more expensive than EM, based on the Price/Forward Earnings ratio.
EM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.09.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.68 | ||
| Fwd PE | 7.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EM indicates a rather cheap valuation: EM is cheaper than 85.29% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as EM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.95 | ||
| EV/EBITDA | 4.15 |
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.
The decent profitability rating of EM may justify a higher PE ratio.
A more expensive valuation may be justified as EM's earnings are expected to grow with 31.45% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y35.75%
EPS Next 3Y31.45%
5. Dividend
5.1 Amount
EM has a Yearly Dividend Yield of 2.54%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.04, EM has a dividend in line with its industry peers.
EM's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
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
19.96% of the earnings are spent on dividend by EM. This is a low number and sustainable payout ratio.
EM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.96%
EPS Next 2Y35.75%
EPS Next 3Y31.45%
BIT:EM (10/22/2025, 7:00:00 PM)
0.998
-0.01 (-0.8%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners5.54%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap163.60M
Revenue(TTM)947.07M
Net Income(TTM)21.90M
Analysts84.44
Price Target1.63 (63.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
Yearly Dividend0.05
Dividend Growth(5Y)0.17%
DP19.96%
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)10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.19%
EPS NY rev (3m)-3.19%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.68 | ||
| Fwd PE | 7.51 | ||
| P/S | 0.17 | ||
| P/FCF | 57.95 | ||
| P/OCF | 6.64 | ||
| P/B | 0.58 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 4.15 |
EPS(TTM)0.13
EY13.03%
EPS(NY)0.13
Fwd EY13.31%
FCF(TTM)0.02
FCFY1.73%
OCF(TTM)0.15
OCFY15.06%
SpS5.78
BVpS1.72
TBVpS1.13
PEG (NY)0.26
PEG (5Y)N/A
Graham Number2.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.03% | ||
| ROE | 7.77% | ||
| ROCE | 11.59% | ||
| ROIC | 8.07% | ||
| ROICexc | 9.37% | ||
| ROICexgc | 11.95% | ||
| OM | 6.26% | ||
| PM (TTM) | 2.31% | ||
| GM | 48.73% | ||
| FCFM | 0.3% |
ROA(3y)2.68%
ROA(5y)3.25%
ROE(3y)6.67%
ROE(5y)8.32%
ROIC(3y)5.51%
ROIC(5y)6.18%
ROICexc(3y)6.58%
ROICexc(5y)7.59%
ROICexgc(3y)8.69%
ROICexgc(5y)10.3%
ROCE(3y)7.91%
ROCE(5y)8.86%
ROICexgc growth 3Y-25.8%
ROICexgc 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-Score7
Asset Turnover1.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 102.66 | ||
| Debt/EBITDA | 2.3 | ||
| Cap/Depr | 67.67% | ||
| Cap/Sales | 2.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 26.92% | ||
| Profit Quality | 12.89% | ||
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 2.66 |
F-Score7
WACC6.06%
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)11.98%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%40.84%
EPS Next Y30%
EPS Next 2Y35.75%
EPS Next 3Y31.45%
EPS Next 5YN/A
Revenue 1Y (TTM)8.92%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%6.94%
Revenue Next Year4.33%
Revenue Next 2Y4.16%
Revenue Next 3Y3.78%
Revenue Next 5YN/A
EBIT growth 1Y26.63%
EBIT growth 3Y-18.74%
EBIT growth 5Y3.43%
EBIT Next Year122.58%
EBIT Next 3Y37.16%
EBIT Next 5YN/A
FCF growth 1Y-92.03%
FCF growth 3Y-12.04%
FCF growth 5Y-13.15%
OCF growth 1Y-58.35%
OCF growth 3Y3.36%
OCF growth 5Y-1.36%