EMAK SPA (EM.MI) Stock Fundamental Analysis
BIT:EM - IT0001237053 - Common Stock
1 EUR
+0 (+0.4%)
Overall EM gets a fundamental rating of 5 out of 10. We evaluated EM against 33 industry peers in the Household Durables industry. EM has an average financial health and profitability rating. A decent growth rate in combination with a cheap valuation! Better keep an eye on EM. With these ratings, EM could be worth investigating further for value investing!.
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.
Each year in the past 5 years EM had a positive operating cash flow.
1.2 Ratios
EM's Return On Assets of 2.23% is in line compared to the rest of the industry. EM outperforms 45.45% of its industry peers.
The Return On Equity of EM (5.69%) is comparable to the rest of the industry.
The Return On Invested Capital of EM (7.30%) is better than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EM is significantly below the industry average of 10.58%.
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 has a Profit Margin (1.76%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of EM has declined.
EM has a Operating Margin (5.56%) which is comparable to the rest of the industry.
EM's Operating Margin has declined in the last couple of years.
EM has a better Gross Margin (48.54%) than 69.70% 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.
EM has about the same amout of shares outstanding than it did 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 2.52. 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 (2.52) is better than 63.64% of its industry peers.
The Debt to FCF ratio of EM is 325.91, which is on the high side as it means it would take EM, 325.91 years of fcf income to pay off all of its debts.
EM has a Debt to FCF ratio (325.91) which is comparable to the rest of the industry.
EM has a Debt/Equity ratio of 0.65. This is a neutral value indicating EM is somewhat dependend on debt financing.
EM has a Debt to Equity ratio of 0.65. This is in the lower half of the industry: EM underperforms 60.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 325.91 | ||
| Altman-Z | 2.52 |
ROIC/WACC1.26
WACC5.79%
2.3 Liquidity
A Current Ratio of 2.04 indicates that EM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.04, EM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
EM has a Quick Ratio of 2.04. This is a bad value and indicates that EM is not financially healthy enough and could expect problems in meeting its short term obligations.
EM's Quick ratio of 1.00 is fine compared to the rest of the industry. EM outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
EM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -40.25%.
EM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.92% yearly.
Looking at the last year, EM shows a small growth in Revenue. The Revenue has grown by 7.94% in the last year.
EM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.76% yearly.
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
EM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.18% yearly.
Based on estimates for the next years, EM will show a small growth in Revenue. The Revenue will grow by 3.78% on average per year.
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.
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
With a Price/Earnings ratio of 10.00, the valuation of EM can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of EM indicates a somewhat cheap valuation: EM is cheaper than 75.76% of the companies listed in the same industry.
EM is valuated cheaply when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.77, the valuation of EM can be described as very cheap.
Based on the Price/Forward Earnings ratio, EM is valued cheaply inside the industry as 84.85% of the companies are valued more expensively.
EM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | 7.77 |
4.2 Price Multiples
75.76% of the companies in the same industry are more expensive than EM, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 193.31 | ||
| EV/EBITDA | 4.84 |
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.
EM's earnings are expected to grow with 31.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y33.63%
EPS Next 3Y31.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.50%, EM has a reasonable but not impressive dividend return.
EM's Dividend Yield is a higher than the industry average which is at 4.71.
Compared to an average S&P500 Dividend Yield of 2.46, EM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
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 (9/10/2025, 5:01:05 PM)
1
+0 (+0.4%)
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 Cap163.93M
Analysts84.44
Price Target1.63 (63%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
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)10.34%
PT rev (3m)10.34%
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%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | 7.77 | ||
| P/S | 0.18 | ||
| P/FCF | 193.31 | ||
| P/OCF | 6.63 | ||
| P/B | 0.58 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 4.84 |
EPS(TTM)0.1
EY10%
EPS(NY)0.13
Fwd EY12.88%
FCF(TTM)0.01
FCFY0.52%
OCF(TTM)0.15
OCFY15.08%
SpS5.63
BVpS1.74
TBVpS1.14
PEG (NY)0.29
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 | 2.52 |
F-Score6
WACC5.79%
ROIC/WACC1.26
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%