Logo image of MARE.MI

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

BIT:MARE - Euronext Milan - IT0005588626 - Common Stock - Currency: EUR

3.48  -0.01 (-0.29%)

Fundamental Rating

4

MARE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Professional Services industry. There are concerns on the financial health of MARE while its profitability can be described as average. MARE is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year MARE was profitable.
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 has a Return On Assets (4.12%) which is in line with its industry peers.
With a Return On Equity value of 12.12%, MARE perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
MARE has a Return On Invested Capital (6.21%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MARE is below the industry average of 10.46%.
The 3 year average ROIC (5.61%) for MARE is below the current ROIC(6.21%), indicating increased profibility in the last year.
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

MARE has a better Profit Margin (10.41%) than 83.33% of its industry peers.
The Operating Margin of MARE (19.54%) is better than 83.33% of its industry peers.
MARE has a Gross Margin of 114.15%. This is amongst the best in the industry. MARE outperforms 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

More info and screens

3

2. Health

2.1 Basic Checks

MARE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MARE has about the same amout of shares outstanding than it did 1 year ago.
Compared to 1 year ago, MARE has a worse debt to assets ratio.
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 1.83. 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 (1.83) is worse than 63.33% 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.
MARE has a Debt to Equity ratio of 1.07. This is in the lower half of the industry: MARE underperforms 63.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Altman-Z 1.83
ROIC/WACC0.93
WACC6.65%
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

MARE has a Current Ratio of 1.46. This is a normal value and indicates that MARE is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Current ratio value of 1.46, MARE belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
MARE has a Quick Ratio of 1.30. This is a normal value and indicates that MARE is financially healthy and should not expect problems in meeting its short term obligations.
MARE has a Quick ratio of 1.30. This is in the better half of the industry: MARE outperforms 76.67% 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

More info and screens

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%.
MARE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.38%.
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 41.53% on average over the next years. This is a very strong growth
MARE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 29.25% yearly.
EPS Next Y-6.28%
EPS Next 2Y30.02%
EPS Next 3Y37.81%
EPS Next 5Y41.53%
Revenue Next Year67.1%
Revenue Next 2Y45.97%
Revenue Next 3Y34.58%
Revenue Next 5Y29.25%

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

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 14.50, MARE is valued correctly.
Based on the Price/Earnings ratio, MARE is valued cheaper than 83.33% of the companies in the same industry.
MARE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
The Price/Forward Earnings ratio is 10.45, which indicates a very decent valuation of MARE.
Based on the Price/Forward Earnings ratio, MARE is valued cheaper than 86.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MARE to the average of the S&P500 Index (21.90), we can say MARE is valued rather cheaply.
Industry RankSector Rank
PE 14.5
Fwd PE 10.45
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MARE indicates a rather cheap valuation: MARE is cheaper than 86.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.14
MARE.MI Per share dataMARE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

MARE's earnings are expected to grow with 37.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.02%
EPS Next 3Y37.81%

More info and screens

1

5. Dividend

5.1 Amount

MARE has a yearly dividend return of 0.50%, which is pretty low.
Compared to an average industry Dividend Yield of 3.00, MARE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.42, 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 2Y30.02%
EPS Next 3Y37.81%
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

More info and screens

MARE ENGINEERING GROUP SPA

BIT:MARE (7/4/2025, 7:00:00 PM)

3.48

-0.01 (-0.29%)

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 Cap52.79M
Analysts85
Price Target7.51 (115.8%)
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)2.08%
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)-41.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
Industry RankSector Rank
PE 14.5
Fwd PE 10.45
P/S 1.87
P/FCF N/A
P/OCF N/A
P/B 2.18
P/tB N/A
EV/EBITDA 5.14
EPS(TTM)0.24
EY6.9%
EPS(NY)0.33
Fwd EY9.57%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.86
BVpS1.6
TBVpS-0.34
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 1.83
F-ScoreN/A
WACC6.65%
ROIC/WACC0.93
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 2Y30.02%
EPS Next 3Y37.81%
EPS Next 5Y41.53%
Revenue 1Y (TTM)8.38%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.36%
Revenue Next Year67.1%
Revenue Next 2Y45.97%
Revenue Next 3Y34.58%
Revenue Next 5Y29.25%
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