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MARE ENGINEERING GROUP SPA (MARE.MI) Stock Fundamental Analysis

BIT:MARE - IT0005588626 - Common Stock

3.38 EUR
+0.02 (+0.6%)
Last: 9/5/2025, 7:00:00 PM
Fundamental Rating

4

MARE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 29 industry peers in the Professional Services industry. MARE has a medium profitability rating, but doesn't score so well on its financial health evaluation. MARE is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

MARE had positive earnings in the past year.
MARE.MI Yearly Net Income VS EBIT VS OCF VS FCFMARE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 0 2M -2M 4M -4M 6M -6M

1.2 Ratios

MARE's Return On Assets of 4.12% is in line compared to the rest of the industry. MARE outperforms 55.17% of its industry peers.
Looking at the Return On Equity, with a value of 12.12%, MARE is in line with its industry, outperforming 58.62% of the companies in the same industry.
MARE has a Return On Invested Capital of 6.21%. This is comparable to the rest of the industry: MARE outperforms 48.28% of its industry peers.
MARE had an Average Return On Invested Capital over the past 3 years of 5.61%. This is significantly below the industry average of 10.83%.
The last Return On Invested Capital (6.21%) for MARE is above the 3 year average (5.61%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.12%
ROE 12.12%
ROIC 6.21%
ROA(3y)4.74%
ROA(5y)N/A
ROE(3y)17.84%
ROE(5y)N/A
ROIC(3y)5.61%
ROIC(5y)N/A
MARE.MI Yearly ROA, ROE, ROICMARE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 5 10 15 20

1.3 Margins

The Profit Margin of MARE (10.41%) is better than 82.76% of its industry peers.
Looking at the Operating Margin, with a value of 19.54%, MARE belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
MARE has a better Gross Margin (114.15%) than 100.00% of its industry peers.
Industry RankSector Rank
OM 19.54%
PM (TTM) 10.41%
GM 114.15%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MARE.MI Yearly Profit, Operating, Gross MarginsMARE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 20 40 60 80 100

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MARE is destroying value.
MARE has about the same amout of shares outstanding than it did 1 year ago.
MARE has a worse debt/assets ratio than last year.
MARE.MI Yearly Shares OutstandingMARE.MI Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2M 4M 6M 8M 10M
MARE.MI Yearly Total Debt VS Total AssetsMARE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 20M 40M 60M

2.2 Solvency

MARE has an Altman-Z score of 1.98. This is not the best score and indicates that MARE is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of MARE (1.98) is worse than 65.52% of its industry peers.
A Debt/Equity ratio of 1.07 is on the high side and indicates that MARE has dependencies on debt financing.
The Debt to Equity ratio of MARE (1.07) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Altman-Z 1.98
ROIC/WACC0.92
WACC6.78%
MARE.MI Yearly LT Debt VS Equity VS FCFMARE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 0 5M -5M 10M 15M

2.3 Liquidity

A Current Ratio of 1.46 indicates that MARE should not have too much problems paying its short term obligations.
MARE has a better Current ratio (1.46) than 86.21% of its industry peers.
A Quick Ratio of 1.30 indicates that MARE should not have too much problems paying its short term obligations.
MARE's Quick ratio of 1.30 is fine compared to the rest of the industry. MARE outperforms 75.86% of its industry peers.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 1.3
MARE.MI Yearly Current Assets VS Current LiabilitesMARE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 10M 20M 30M

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4

3. Growth

3.1 Past

MARE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.57%.
Looking at the last year, MARE shows a quite strong growth in Revenue. The Revenue has grown by 8.38% in the last year.
EPS 1Y (TTM)-36.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%23250%
Revenue 1Y (TTM)8.38%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.36%

3.2 Future

The Earnings Per Share is expected to grow by 41.24% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 27.61% on average over the next years. This is a very strong growth
EPS Next Y-6.28%
EPS Next 2Y30.32%
EPS Next 3Y36.85%
EPS Next 5Y41.24%
Revenue Next Year67.1%
Revenue Next 2Y41.83%
Revenue Next 3Y32.21%
Revenue Next 5Y27.61%

3.3 Evolution

MARE.MI Yearly Revenue VS EstimatesMARE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
MARE.MI Yearly EPS VS EstimatesMARE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.2 0.4 0.6

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 14.08, MARE is valued correctly.
MARE's Price/Earnings ratio is rather cheap when compared to the industry. MARE is cheaper than 82.76% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.06, MARE is valued a bit cheaper.
The Price/Forward Earnings ratio is 10.10, which indicates a very decent valuation of MARE.
Based on the Price/Forward Earnings ratio, MARE is valued cheaper than 86.21% of the companies in the same industry.
MARE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.69.
Industry RankSector Rank
PE 14.08
Fwd PE 10.1
MARE.MI Price Earnings VS Forward Price EarningsMARE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

MARE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MARE is cheaper than 82.76% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.27
MARE.MI Per share dataMARE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

A more expensive valuation may be justified as MARE's earnings are expected to grow with 36.85% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.32%
EPS Next 3Y36.85%

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1

5. Dividend

5.1 Amount

MARE has a yearly dividend return of 0.50%, which is pretty low.
MARE's Dividend Yield is slightly below the industry average, which is at 3.04.
Compared to an average S&P500 Dividend Yield of 2.32, MARE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.5%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y30.32%
EPS Next 3Y36.85%
MARE.MI Yearly Income VS Free CF VS DividendMARE.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 0 2M -2M -4M -6M

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MARE ENGINEERING GROUP SPA

BIT:MARE (9/5/2025, 7:00:00 PM)

3.38

+0.02 (+0.6%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners5.62%
Inst Owner ChangeN/A
Ins Owners38.92%
Ins Owner ChangeN/A
Market Cap65.20M
Analysts85
Price Target7.51 (122.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.5%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)2.08%
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 RankSector Rank
PE 14.08
Fwd PE 10.1
P/S 2.3
P/FCF N/A
P/OCF N/A
P/B 2.68
P/tB N/A
EV/EBITDA 6.27
EPS(TTM)0.24
EY7.1%
EPS(NY)0.33
Fwd EY9.9%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.47
BVpS1.26
TBVpS-0.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.12%
ROE 12.12%
ROCE 12.43%
ROIC 6.21%
ROICexc 7.08%
ROICexgc 16.83%
OM 19.54%
PM (TTM) 10.41%
GM 114.15%
FCFM N/A
ROA(3y)4.74%
ROA(5y)N/A
ROE(3y)17.84%
ROE(5y)N/A
ROIC(3y)5.61%
ROIC(5y)N/A
ROICexc(3y)6.21%
ROICexc(5y)N/A
ROICexgc(3y)11%
ROICexgc(5y)N/A
ROCE(3y)10.7%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Debt/EBITDA 2.51
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.46
Quick Ratio 1.3
Altman-Z 1.98
F-ScoreN/A
WACC6.78%
ROIC/WACC0.92
Cap/Depr(3y)131.41%
Cap/Depr(5y)N/A
Cap/Sales(3y)23.9%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%23250%
EPS Next Y-6.28%
EPS Next 2Y30.32%
EPS Next 3Y36.85%
EPS Next 5Y41.24%
Revenue 1Y (TTM)8.38%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.36%
Revenue Next Year67.1%
Revenue Next 2Y41.83%
Revenue Next 3Y32.21%
Revenue Next 5Y27.61%
EBIT growth 1Y26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year184.76%
EBIT Next 3Y61.51%
EBIT Next 5Y50.34%
FCF growth 1Y57.17%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y119.63%
OCF growth 3YN/A
OCF growth 5YN/A