FIERA MILANO SPA (FM.MI) Stock Fundamental Analysis

BIT:FM • IT0003365613

7.1 EUR
+0.13 (+1.87%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall FM gets a fundamental rating of 3 out of 10. We evaluated FM against 67 industry peers in the Media industry. FM has a bad profitability rating. Also its financial health evaluation is rather negative. FM has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • FM had positive earnings in the past year.
  • FM had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: FM reported negative net income in multiple years.
  • Of the past 5 years FM 4 years had a positive operating cash flow.
FM.MI Yearly Net Income VS EBIT VS OCF VS FCFFM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

  • FM has a Return On Assets (1.23%) which is in line with its industry peers.
  • FM has a Return On Equity of 5.97%. This is comparable to the rest of the industry: FM outperforms 48.48% of its industry peers.
  • FM has a Return On Invested Capital of 4.75%. This is comparable to the rest of the industry: FM outperforms 46.97% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FM is below the industry average of 8.39%.
  • The 3 year average ROIC (3.92%) for FM is below the current ROIC(4.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.23%
ROE 5.97%
ROIC 4.75%
ROA(3y)2.72%
ROA(5y)1.75%
ROE(3y)12.58%
ROE(5y)4.94%
ROIC(3y)3.92%
ROIC(5y)N/A
FM.MI Yearly ROA, ROE, ROICFM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.24%, FM is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FM has declined.
  • FM's Operating Margin of 7.14% is in line compared to the rest of the industry. FM outperforms 54.55% of its industry peers.
  • In the last couple of years the Operating Margin of FM has declined.
  • FM has a Gross Margin (54.45%) which is in line with its industry peers.
  • FM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 7.14%
PM (TTM) 2.24%
GM 54.45%
OM growth 3YN/A
OM growth 5Y-13.99%
PM growth 3Y-42.06%
PM growth 5Y-10.53%
GM growth 3Y3.78%
GM growth 5Y-3.18%
FM.MI Yearly Profit, Operating, Gross MarginsFM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • FM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for FM has been reduced compared to 1 year ago.
  • FM has about the same amout of shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FM has been reduced compared to a year ago.
FM.MI Yearly Shares OutstandingFM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
FM.MI Yearly Total Debt VS Total AssetsFM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • FM has an Altman-Z score of 1.33. This is a bad value and indicates that FM is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.33, FM is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • The Debt to FCF ratio of FM is 3.03, which is a good value as it means it would take FM, 3.03 years of fcf income to pay off all of its debts.
  • FM has a better Debt to FCF ratio (3.03) than 72.73% of its industry peers.
  • FM has a Debt/Equity ratio of 2.01. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 2.01, FM is doing worse than 74.24% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.01
Debt/FCF 3.03
Altman-Z 1.33
ROIC/WACC0.84
WACC5.65%
FM.MI Yearly LT Debt VS Equity VS FCFFM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

  • FM has a Current Ratio of 0.89. This is a bad value and indicates that FM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of FM (0.89) is comparable to the rest of the industry.
  • A Quick Ratio of 0.86 indicates that FM may have some problems paying its short term obligations.
  • The Quick ratio of FM (0.86) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.86
FM.MI Yearly Current Assets VS Current LiabilitesFM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for FM have decreased strongly by -80.81% in the last year.
  • Measured over the past years, FM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.93% on average per year.
  • The Revenue has decreased by -0.85% in the past year.
  • FM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.47% yearly.
EPS 1Y (TTM)-80.81%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%0.91%
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%23.19%

3.2 Future

  • The Earnings Per Share is expected to grow by 49.90% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, FM will show a small growth in Revenue. The Revenue will grow by 3.18% on average per year.
EPS Next Y242.11%
EPS Next 2Y41.42%
EPS Next 3Y49.9%
EPS Next 5YN/A
Revenue Next Year40.19%
Revenue Next 2Y17.74%
Revenue Next 3Y14.33%
Revenue Next 5Y3.18%

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 accelerating.
FM.MI Yearly Revenue VS EstimatesFM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
FM.MI Yearly EPS VS EstimatesFM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 -0.4 0.6

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5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 54.62, the valuation of FM can be described as expensive.
  • FM's Price/Earnings ratio is a bit more expensive when compared to the industry. FM is more expensive than 60.61% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.97. FM is valued rather expensively when compared to this.
  • FM is valuated rather expensively with a Price/Forward Earnings ratio of 18.14.
  • FM's Price/Forward Earnings is on the same level as the industry average.
  • FM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 54.62
Fwd PE 18.14
FM.MI Price Earnings VS Forward Price EarningsFM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • FM's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 90.91% of the companies in the same industry are more expensive than FM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.29
EV/EBITDA 8.65
FM.MI Per share dataFM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • FM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FM's earnings are expected to grow with 49.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y41.42%
EPS Next 3Y49.9%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.82%, FM has a reasonable but not impressive dividend return.
  • FM's Dividend Yield is a higher than the industry average which is at 3.16.
  • FM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.79.
Industry RankSector Rank
Dividend Yield 2.82%

5.2 History

  • The dividend of FM is nicely growing with an annual growth rate of 86.01%!
Dividend Growth(5Y)86.01%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FM pays out 154.46% of its income as dividend. This is not a sustainable payout ratio.
  • FM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP154.46%
EPS Next 2Y41.42%
EPS Next 3Y49.9%
FM.MI Yearly Income VS Free CF VS DividendFM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M
FM.MI Dividend Payout.FM.MI Dividend Payout, showing the Payout Ratio.FM.MI Dividend Payout.PayoutRetained Earnings

More info and screens

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FIERA MILANO SPA

BIT:FM (2/13/2026, 7:00:00 PM)

7.1

+0.13 (+1.87%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-13
Earnings (Next)03-10
Inst Owners9.06%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap510.63M
Revenue(TTM)410.42M
Net Income(TTM)9.21M
Analysts86.67
Price Target8.87 (24.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.82%
Yearly Dividend0.14
Dividend Growth(5Y)86.01%
DP154.46%
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)6.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)6.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.68%
Valuation
Industry RankSector Rank
PE 54.62
Fwd PE 18.14
P/S 1.24
P/FCF 4.29
P/OCF 4.06
P/B 3.31
P/tB 11.57
EV/EBITDA 8.65
EPS(TTM)0.13
EY1.83%
EPS(NY)0.39
Fwd EY5.51%
FCF(TTM)1.65
FCFY23.3%
OCF(TTM)1.75
OCFY24.63%
SpS5.71
BVpS2.14
TBVpS0.61
PEG (NY)0.23
PEG (5Y)N/A
Graham Number2.5
Profitability
Industry RankSector Rank
ROA 1.23%
ROE 5.97%
ROCE 5.99%
ROIC 4.75%
ROICexc 6.95%
ROICexgc 10.36%
OM 7.14%
PM (TTM) 2.24%
GM 54.45%
FCFM 28.98%
ROA(3y)2.72%
ROA(5y)1.75%
ROE(3y)12.58%
ROE(5y)4.94%
ROIC(3y)3.92%
ROIC(5y)N/A
ROICexc(3y)5.12%
ROICexc(5y)N/A
ROICexgc(3y)7.06%
ROICexgc(5y)N/A
ROCE(3y)4.95%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-7.85%
ROICexc growth 3YN/A
ROICexc growth 5Y-9.28%
OM growth 3YN/A
OM growth 5Y-13.99%
PM growth 3Y-42.06%
PM growth 5Y-10.53%
GM growth 3Y3.78%
GM growth 5Y-3.18%
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 2.01
Debt/FCF 3.03
Debt/EBITDA 3.87
Cap/Depr 13.47%
Cap/Sales 1.66%
Interest Coverage 2.49
Cash Conversion 157.35%
Profit Quality 1292.33%
Current Ratio 0.89
Quick Ratio 0.86
Altman-Z 1.33
F-Score6
WACC5.65%
ROIC/WACC0.84
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.89%
Cap/Sales(5y)3.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80.81%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%0.91%
EPS Next Y242.11%
EPS Next 2Y41.42%
EPS Next 3Y49.9%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%23.19%
Revenue Next Year40.19%
Revenue Next 2Y17.74%
Revenue Next 3Y14.33%
Revenue Next 5Y3.18%
EBIT growth 1Y-52.83%
EBIT growth 3YN/A
EBIT growth 5Y-14.4%
EBIT Next Year385.29%
EBIT Next 3Y70.24%
EBIT Next 5YN/A
FCF growth 1Y93.93%
FCF growth 3Y-21.05%
FCF growth 5Y-9.2%
OCF growth 1Y92.1%
OCF growth 3Y-20.25%
OCF growth 5Y-9.22%

FIERA MILANO SPA / FM.MI FAQ

Can you provide the ChartMill fundamental rating for FIERA MILANO SPA?

ChartMill assigns a fundamental rating of 3 / 10 to FM.MI.


Can you provide the valuation status for FIERA MILANO SPA?

ChartMill assigns a valuation rating of 5 / 10 to FIERA MILANO SPA (FM.MI). This can be considered as Fairly Valued.


How profitable is FIERA MILANO SPA (FM.MI) stock?

FIERA MILANO SPA (FM.MI) has a profitability rating of 3 / 10.


Can you provide the financial health for FM stock?

The financial health rating of FIERA MILANO SPA (FM.MI) is 3 / 10.


Is the dividend of FIERA MILANO SPA sustainable?

The dividend rating of FIERA MILANO SPA (FM.MI) is 4 / 10 and the dividend payout ratio is 154.46%.