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

Europe - BIT:MARE - IT0005588626 - Common Stock

3.98 EUR
-0.06 (-1.49%)
Last: 11/20/2025, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MARE. MARE was compared to 33 industry peers in the Professional Services industry. MARE may be in some trouble as it scores bad on both profitability and health. MARE is not overvalued while it is showing excellent growth. This is an interesting combination.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year MARE has reported negative net income.
MARE had a negative operating cash flow 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 2024 0 2M -2M 4M -4M 6M -6M

1.2 Ratios

The Return On Assets of MARE (-0.46%) is worse than 81.82% of its industry peers.
MARE has a worse Return On Equity (-1.25%) than 81.82% of its industry peers.
MARE has a Return On Invested Capital of 1.22%. This is in the lower half of the industry: MARE underperforms 75.76% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MARE is significantly below the industry average of 11.39%.
Industry RankSector Rank
ROA -0.46%
ROE -1.25%
ROIC 1.22%
ROA(3y)3.94%
ROA(5y)N/A
ROE(3y)12.68%
ROE(5y)N/A
ROIC(3y)4.62%
ROIC(5y)N/A
MARE.MI Yearly ROA, ROE, ROICMARE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 5 10 15 20

1.3 Margins

MARE's Profit Margin has declined in the last couple of years.
MARE's Operating Margin of 5.80% is in line compared to the rest of the industry. MARE outperforms 51.52% of its industry peers.
In the last couple of years the Operating Margin of MARE has declined.
The Gross Margin of MARE (109.61%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of MARE has remained more or less at the same level.
Industry RankSector Rank
OM 5.8%
PM (TTM) N/A
GM 109.61%
OM growth 3Y-6.02%
OM growth 5YN/A
PM growth 3Y-20.95%
PM growth 5YN/A
GM growth 3Y-0.19%
GM growth 5YN/A
MARE.MI Yearly Profit, Operating, Gross MarginsMARE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 20 40 60 80 100

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MARE is destroying value.
The number of shares outstanding for MARE has been reduced compared to 1 year ago.
MARE has a better debt/assets ratio than last year.
MARE.MI Yearly Shares OutstandingMARE.MI Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 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 2024 20M 40M 60M 80M

2.2 Solvency

Based on the Altman-Z score of 1.33, we must say that MARE is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.33, MARE is doing worse than 84.85% of the companies in the same industry.
MARE has a Debt/Equity ratio of 0.93. This is a neutral value indicating MARE is somewhat dependend on debt financing.
The Debt to Equity ratio of MARE (0.93) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF N/A
Altman-Z 1.33
ROIC/WACC0.18
WACC6.87%
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 2024 0 10M 20M 30M 40M

2.3 Liquidity

A Current Ratio of 1.73 indicates that MARE should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.73, MARE belongs to the best of the industry, outperforming 84.85% of the companies in the same industry.
A Quick Ratio of 1.32 indicates that MARE should not have too much problems paying its short term obligations.
MARE has a Quick ratio of 1.32. This is in the better half of the industry: MARE outperforms 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 1.32
MARE.MI Yearly Current Assets VS Current LiabilitesMARE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 10M 20M 30M 40M 50M

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7

3. Growth

3.1 Past

The earnings per share for MARE have decreased strongly by -121.36% in the last year.
The Earnings Per Share has been decreasing by -4.50% on average over the past years.
The Revenue has grown by 35.86% in the past year. This is a very strong growth!
MARE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.91% yearly.
EPS 1Y (TTM)-121.36%
EPS 3Y-4.5%
EPS 5YN/A
EPS Q2Q%-435.33%
Revenue 1Y (TTM)35.86%
Revenue growth 3Y19.91%
Revenue growth 5YN/A
Sales Q2Q%50.43%

3.2 Future

MARE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 61.58% yearly.
MARE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 26.12% yearly.
EPS Next Y89.5%
EPS Next 2Y66.21%
EPS Next 3Y61.58%
EPS Next 5YN/A
Revenue Next Year46.55%
Revenue Next 2Y31.68%
Revenue Next 3Y25.45%
Revenue Next 5Y26.12%

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.
MARE.MI Yearly Revenue VS EstimatesMARE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 20M 40M 60M 80M 100M
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

The Price/Earnings Ratio is negative for MARE. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 7.80, which indicates a rather cheap valuation of MARE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MARE indicates a rather cheap valuation: MARE is cheaper than 90.91% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.08. MARE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 7.8
MARE.MI Price Earnings VS Forward Price EarningsMARE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MARE indicates a somewhat cheap valuation: MARE is cheaper than 69.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.9
MARE.MI Per share dataMARE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MARE's earnings are expected to grow with 61.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y66.21%
EPS Next 3Y61.58%

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1

5. Dividend

5.1 Amount

With a yearly dividend of 0.42%, MARE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.24, MARE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, MARE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.42%

5.2 History

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

5.3 Sustainability

DPN/A
EPS Next 2Y66.21%
EPS Next 3Y61.58%
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 2024 0 2M -2M -4M -6M

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MARE ENGINEERING GROUP SPA

BIT:MARE (11/20/2025, 7:00:00 PM)

3.98

-0.06 (-1.49%)

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 Owners6.13%
Inst Owner ChangeN/A
Ins Owners36.5%
Ins Owner ChangeN/A
Market Cap76.97M
Revenue(TTM)38.31M
Net Income(TTM)-612.50K
Analysts85
Price Target8 (101.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.42%
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)6.59%
PT rev (3m)6.59%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.57%
EPS NY rev (3m)5.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)21.74%
Revenue NY rev (3m)21.74%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.8
P/S 2.01
P/FCF N/A
P/OCF N/A
P/B 1.57
P/tB 8
EV/EBITDA 8.9
EPS(TTM)-0.05
EYN/A
EPS(NY)0.51
Fwd EY12.81%
FCF(TTM)-0.93
FCFYN/A
OCF(TTM)-0.02
OCFYN/A
SpS1.98
BVpS2.54
TBVpS0.5
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.46%
ROE -1.25%
ROCE 2.51%
ROIC 1.22%
ROICexc 1.35%
ROICexgc 2.27%
OM 5.8%
PM (TTM) N/A
GM 109.61%
FCFM N/A
ROA(3y)3.94%
ROA(5y)N/A
ROE(3y)12.68%
ROE(5y)N/A
ROIC(3y)4.62%
ROIC(5y)N/A
ROICexc(3y)5.12%
ROICexc(5y)N/A
ROICexgc(3y)9.63%
ROICexgc(5y)N/A
ROCE(3y)9.74%
ROCE(5y)N/A
ROICexgc growth 3Y-3.35%
ROICexgc growth 5YN/A
ROICexc growth 3Y-9.14%
ROICexc growth 5YN/A
OM growth 3Y-6.02%
OM growth 5YN/A
PM growth 3Y-20.95%
PM growth 5YN/A
GM growth 3Y-0.19%
GM growth 5YN/A
F-Score2
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF N/A
Debt/EBITDA 4.39
Cap/Depr 217.79%
Cap/Sales 46.29%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.73
Quick Ratio 1.32
Altman-Z 1.33
F-Score2
WACC6.87%
ROIC/WACC0.18
Cap/Depr(3y)105.51%
Cap/Depr(5y)N/A
Cap/Sales(3y)18.95%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-121.36%
EPS 3Y-4.5%
EPS 5YN/A
EPS Q2Q%-435.33%
EPS Next Y89.5%
EPS Next 2Y66.21%
EPS Next 3Y61.58%
EPS Next 5YN/A
Revenue 1Y (TTM)35.86%
Revenue growth 3Y19.91%
Revenue growth 5YN/A
Sales Q2Q%50.43%
Revenue Next Year46.55%
Revenue Next 2Y31.68%
Revenue Next 3Y25.45%
Revenue Next 5Y26.12%
EBIT growth 1Y-59.69%
EBIT growth 3Y12.69%
EBIT growth 5YN/A
EBIT Next Year247.87%
EBIT Next 3Y72.08%
EBIT Next 5Y41.75%
FCF growth 1Y-48.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y383.9%
OCF growth 3Y-17.4%
OCF growth 5YN/A

MARE ENGINEERING GROUP SPA / MARE.MI FAQ

What is the ChartMill fundamental rating of MARE ENGINEERING GROUP SPA (MARE.MI) stock?

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


Can you provide the valuation status for MARE ENGINEERING GROUP SPA?

ChartMill assigns a valuation rating of 5 / 10 to MARE ENGINEERING GROUP SPA (MARE.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for MARE ENGINEERING GROUP SPA?

MARE ENGINEERING GROUP SPA (MARE.MI) has a profitability rating of 1 / 10.


Can you provide the financial health for MARE stock?

The financial health rating of MARE ENGINEERING GROUP SPA (MARE.MI) is 3 / 10.