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RACING FORCE SPA (RFG.MI) Stock Fundamental Analysis

BIT:RFG - Euronext Milan - IT0005466963 - Common Stock - Currency: EUR

4.73  -0.01 (-0.21%)

Fundamental Rating

4

RFG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 13 industry peers in the Leisure Products industry. RFG has an average financial health and profitability rating. RFG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year RFG was profitable.
RFG had a positive operating cash flow in the past year.
RFG had positive earnings in each of the past 5 years.
RFG had a positive operating cash flow in each of the past 5 years.
RFG.MI Yearly Net Income VS EBIT VS OCF VS FCFRFG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 2M -2M 4M -4M 6M 8M

1.2 Ratios

With a Return On Assets value of 6.43%, RFG perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
The Return On Equity of RFG (9.58%) is worse than 71.43% of its industry peers.
RFG has a Return On Invested Capital of 7.75%. This is in the lower half of the industry: RFG underperforms 64.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RFG is in line with the industry average of 12.33%.
Industry RankSector Rank
ROA 6.43%
ROE 9.58%
ROIC 7.75%
ROA(3y)7.76%
ROA(5y)6.55%
ROE(3y)13.38%
ROE(5y)14.13%
ROIC(3y)10.47%
ROIC(5y)9.81%
RFG.MI Yearly ROA, ROE, ROICRFG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

With a Profit Margin value of 8.83%, RFG perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
RFG's Profit Margin has been stable in the last couple of years.
RFG's Operating Margin of 9.88% is in line compared to the rest of the industry. RFG outperforms 50.00% of its industry peers.
RFG's Operating Margin has declined in the last couple of years.
RFG has a Gross Margin of 60.96%. This is in the better half of the industry: RFG outperforms 78.57% of its industry peers.
In the last couple of years the Gross Margin of RFG has grown nicely.
Industry RankSector Rank
OM 9.88%
PM (TTM) 8.83%
GM 60.96%
OM growth 3Y-5.75%
OM growth 5YN/A
PM growth 3Y-0.36%
PM growth 5YN/A
GM growth 3Y1.51%
GM growth 5YN/A
RFG.MI Yearly Profit, Operating, Gross MarginsRFG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 20 40 60

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RFG is creating some value.
The number of shares outstanding for RFG has been increased compared to 1 year ago.
Compared to 1 year ago, RFG has an improved debt to assets ratio.
RFG.MI Yearly Shares OutstandingRFG.MI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
RFG.MI Yearly Total Debt VS Total AssetsRFG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

RFG has an Altman-Z score of 4.36. This indicates that RFG is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of RFG (4.36) is better than 92.86% of its industry peers.
RFG has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
RFG's Debt to Equity ratio of 0.17 is fine compared to the rest of the industry. RFG outperforms 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Altman-Z 4.36
ROIC/WACC0.98
WACC7.89%
RFG.MI Yearly LT Debt VS Equity VS FCFRFG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 20M 40M 60M

2.3 Liquidity

A Current Ratio of 2.85 indicates that RFG has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.85, RFG belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
RFG has a Quick Ratio of 1.38. This is a normal value and indicates that RFG is financially healthy and should not expect problems in meeting its short term obligations.
RFG has a Quick ratio of 1.38. This is amongst the best in the industry. RFG outperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 2.85
Quick Ratio 1.38
RFG.MI Yearly Current Assets VS Current LiabilitesRFG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 13.57% over the past year.
Measured over the past 5 years, RFG shows a small growth in Earnings Per Share. The EPS has been growing by 6.47% on average per year.
RFG shows a small growth in Revenue. In the last year, the Revenue has grown by 4.79%.
The Revenue has been growing by 12.05% on average over the past years. This is quite good.
EPS 1Y (TTM)13.57%
EPS 3Y6.47%
EPS 5YN/A
EPS Q2Q%562.5%
Revenue 1Y (TTM)4.79%
Revenue growth 3Y12.05%
Revenue growth 5YN/A
Sales Q2Q%10.31%

3.2 Future

Based on estimates for the next years, RFG will show a very strong growth in Earnings Per Share. The EPS will grow by 20.68% on average per year.
RFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.00% yearly.
EPS Next Y18.18%
EPS Next 2Y16.77%
EPS Next 3Y20.68%
EPS Next 5YN/A
Revenue Next Year7.62%
Revenue Next 2Y7.74%
Revenue Next 3Y7.37%
Revenue Next 5Y6%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
RFG.MI Yearly Revenue VS EstimatesRFG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20M 40M 60M 80M
RFG.MI Yearly EPS VS EstimatesRFG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2 0.25

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 22.52, RFG is valued on the expensive side.
RFG's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.50. RFG is around the same levels.
RFG is valuated rather expensively with a Price/Forward Earnings ratio of 24.02.
Based on the Price/Forward Earnings ratio, RFG is valued a bit more expensive than the industry average as 78.57% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of RFG to the average of the S&P500 Index (36.44), we can say RFG is valued slightly cheaper.
Industry RankSector Rank
PE 22.52
Fwd PE 24.02
RFG.MI Price Earnings VS Forward Price EarningsRFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

71.43% of the companies in the same industry are cheaper than RFG, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.3
RFG.MI Per share dataRFG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
RFG's earnings are expected to grow with 20.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.24
PEG (5Y)N/A
EPS Next 2Y16.77%
EPS Next 3Y20.68%

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3

5. Dividend

5.1 Amount

RFG has a Yearly Dividend Yield of 1.91%.
Compared to an average industry Dividend Yield of 3.58, RFG is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.35, RFG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.91%

5.2 History

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

5.3 Sustainability

39.88% of the earnings are spent on dividend by RFG. This is a low number and sustainable payout ratio.
DP39.88%
EPS Next 2Y16.77%
EPS Next 3Y20.68%
RFG.MI Yearly Income VS Free CF VS DividendRFG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 2M -2M 4M -4M 6M
RFG.MI Dividend Payout.RFG.MI Dividend Payout, showing the Payout Ratio.RFG.MI Dividend Payout.PayoutRetained Earnings

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RACING FORCE SPA

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

4.73

-0.01 (-0.21%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners19.77%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap129.55M
Analysts83.33
Price Target6.32 (33.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.91%
Yearly Dividend0.09
Dividend Growth(5Y)N/A
DP39.88%
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)0%
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)0.72%
Valuation
Industry RankSector Rank
PE 22.52
Fwd PE 24.02
P/S 1.97
P/FCF N/A
P/OCF 17.08
P/B 2.14
P/tB 2.88
EV/EBITDA 13.3
EPS(TTM)0.21
EY4.44%
EPS(NY)0.2
Fwd EY4.16%
FCF(TTM)-0.05
FCFYN/A
OCF(TTM)0.28
OCFY5.85%
SpS2.4
BVpS2.21
TBVpS1.64
PEG (NY)1.24
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.43%
ROE 9.58%
ROCE 9.06%
ROIC 7.75%
ROICexc 8.95%
ROICexgc 11.94%
OM 9.88%
PM (TTM) 8.83%
GM 60.96%
FCFM N/A
ROA(3y)7.76%
ROA(5y)6.55%
ROE(3y)13.38%
ROE(5y)14.13%
ROIC(3y)10.47%
ROIC(5y)9.81%
ROICexc(3y)12.37%
ROICexc(5y)12.31%
ROICexgc(3y)17.52%
ROICexgc(5y)18.86%
ROCE(3y)12.55%
ROCE(5y)12.34%
ROICexcg growth 3Y-22.36%
ROICexcg growth 5YN/A
ROICexc growth 3Y-16.38%
ROICexc growth 5YN/A
OM growth 3Y-5.75%
OM growth 5YN/A
PM growth 3Y-0.36%
PM growth 5YN/A
GM growth 3Y1.51%
GM growth 5YN/A
F-Score6
Asset Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Debt/EBITDA 1
Cap/Depr 255.73%
Cap/Sales 13.8%
Interest Coverage 250
Cash Conversion 75.6%
Profit Quality N/A
Current Ratio 2.85
Quick Ratio 1.38
Altman-Z 4.36
F-Score6
WACC7.89%
ROIC/WACC0.98
Cap/Depr(3y)209.25%
Cap/Depr(5y)155.52%
Cap/Sales(3y)10.44%
Cap/Sales(5y)7.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.57%
EPS 3Y6.47%
EPS 5YN/A
EPS Q2Q%562.5%
EPS Next Y18.18%
EPS Next 2Y16.77%
EPS Next 3Y20.68%
EPS Next 5YN/A
Revenue 1Y (TTM)4.79%
Revenue growth 3Y12.05%
Revenue growth 5YN/A
Sales Q2Q%10.31%
Revenue Next Year7.62%
Revenue Next 2Y7.74%
Revenue Next 3Y7.37%
Revenue Next 5Y6%
EBIT growth 1Y3.37%
EBIT growth 3Y5.6%
EBIT growth 5YN/A
EBIT Next Year86.07%
EBIT Next 3Y34.22%
EBIT Next 5Y22.22%
FCF growth 1Y71.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y671.04%
OCF growth 3Y19.41%
OCF growth 5YN/A