RACING FORCE SPA (RFG.MI) Fundamental Analysis & Valuation

BIT:RFG • IT0005466963

Current stock price

4.42 EUR
-0.18 (-3.91%)
Last:

This RFG.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. RFG.MI Profitability Analysis

1.1 Basic Checks

  • In the past year RFG was profitable.
  • RFG had a positive operating cash flow in the past year.
  • Each year in the past 5 years RFG has been profitable.
  • Each year in the past 5 years RFG had a positive operating cash flow.
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 5.11%, RFG perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
  • RFG has a Return On Equity (7.73%) which is comparable to the rest of the industry.
  • RFG's Return On Invested Capital of 7.64% is fine compared to the rest of the industry. RFG outperforms 62.50% of its industry peers.
  • RFG had an Average Return On Invested Capital over the past 3 years of 10.47%. This is in line with the industry average of 10.01%.
Industry RankSector Rank
ROA 5.11%
ROE 7.73%
ROIC 7.64%
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

  • Looking at the Profit Margin, with a value of 6.90%, RFG is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • RFG's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of RFG (9.32%) is better than 68.75% of its industry peers.
  • RFG's Operating Margin has declined in the last couple of years.
  • RFG has a Gross Margin of 61.60%. This is amongst the best in the industry. RFG outperforms 93.75% of its industry peers.
  • In the last couple of years the Gross Margin of RFG has grown nicely.
Industry RankSector Rank
OM 9.32%
PM (TTM) 6.9%
GM 61.6%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. RFG.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RFG is creating some value.
  • Compared to 1 year ago, RFG has more shares outstanding
  • RFG has a better debt/assets ratio than last year.
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 4.03. This indicates that RFG is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 4.03, RFG belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
  • RFG has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.15, RFG belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Altman-Z 4.03
ROIC/WACC1
WACC7.65%
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 2.28 indicates that RFG has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.28, RFG belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
  • A Quick Ratio of 1.10 indicates that RFG should not have too much problems paying its short term obligations.
  • The Quick ratio of RFG (1.10) is better than 87.50% of its industry peers.
Industry RankSector Rank
Current Ratio 2.28
Quick Ratio 1.1
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. RFG.MI Growth Analysis

3.1 Past

  • RFG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.45%.
  • RFG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.47% yearly.
  • The Revenue has been growing slightly by 7.66% in the past year.
  • The Revenue has been growing by 12.05% on average over the past years. This is quite good.
EPS 1Y (TTM)-13.45%
EPS 3Y6.47%
EPS 5YN/A
EPS Q2Q%-20.96%
Revenue 1Y (TTM)7.66%
Revenue growth 3Y12.05%
Revenue growth 5YN/A
Sales Q2Q%4.58%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.62% on average over the next years. This is quite good.
  • Based on estimates for the next years, RFG will show a small growth in Revenue. The Revenue will grow by 6.00% on average per year.
EPS Next Y21.21%
EPS Next 2Y15.47%
EPS Next 3Y15.62%
EPS Next 5YN/A
Revenue Next Year8.54%
Revenue Next 2Y9.38%
Revenue Next 3Y8.6%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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3

4. RFG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • RFG is valuated quite expensively with a Price/Earnings ratio of 26.00.
  • RFG's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, RFG is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 19.89, the valuation of RFG can be described as rather expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as RFG.
  • The average S&P500 Price/Forward Earnings ratio is at 22.10. RFG is around the same levels.
Industry RankSector Rank
PE 26
Fwd PE 19.89
RFG.MI Price Earnings VS Forward Price EarningsRFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • RFG's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.48
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 has a very decent profitability rating, which may justify a higher PE ratio.
  • RFG's earnings are expected to grow with 15.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.23
PEG (5Y)N/A
EPS Next 2Y15.47%
EPS Next 3Y15.62%

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

2

5. RFG.MI Dividend Analysis

5.1 Amount

  • RFG has a Yearly Dividend Yield of 2.01%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.97, RFG is paying slightly less dividend.
  • RFG's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.01%

5.2 History

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

5.3 Sustainability

  • 53.03% of the earnings are spent on dividend by RFG. This is a bit on the high side, but may be sustainable.
DP53.03%
EPS Next 2Y15.47%
EPS Next 3Y15.62%
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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RFG.MI Fundamentals: All Metrics, Ratios and Statistics

RACING FORCE SPA

BIT:RFG (3/30/2026, 7:00:00 PM)

4.42

-0.18 (-3.91%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners19.99%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap121.06M
Revenue(TTM)67.38M
Net Income(TTM)4.65M
Analysts83.33
Price Target6.38 (44.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.01%
Yearly Dividend0.09
Dividend Growth(5Y)N/A
DP53.03%
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)-2.34%
PT rev (3m)0.81%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)2.56%
EPS NY rev (3m)2.56%
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 26
Fwd PE 19.89
P/S 1.8
P/FCF N/A
P/OCF 14.95
P/B 2.01
P/tB 2.74
EV/EBITDA 12.48
EPS(TTM)0.17
EY3.85%
EPS(NY)0.22
Fwd EY5.03%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)0.3
OCFY6.69%
SpS2.46
BVpS2.2
TBVpS1.61
PEG (NY)1.23
PEG (5Y)N/A
Graham Number2.9
Profitability
Industry RankSector Rank
ROA 5.11%
ROE 7.73%
ROCE 9.08%
ROIC 7.64%
ROICexc 8.33%
ROICexgc 11.06%
OM 9.32%
PM (TTM) 6.9%
GM 61.6%
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%
ROICexgc growth 3Y-22.36%
ROICexgc 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-Score7
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Debt/EBITDA 0.91
Cap/Depr 303.19%
Cap/Sales 17.4%
Interest Coverage 250
Cash Conversion 79.84%
Profit Quality N/A
Current Ratio 2.28
Quick Ratio 1.1
Altman-Z 4.03
F-Score7
WACC7.65%
ROIC/WACC1
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)-13.45%
EPS 3Y6.47%
EPS 5YN/A
EPS Q2Q%-20.96%
EPS Next Y21.21%
EPS Next 2Y15.47%
EPS Next 3Y15.62%
EPS Next 5YN/A
Revenue 1Y (TTM)7.66%
Revenue growth 3Y12.05%
Revenue growth 5YN/A
Sales Q2Q%4.58%
Revenue Next Year8.54%
Revenue Next 2Y9.38%
Revenue Next 3Y8.6%
Revenue Next 5Y6%
EBIT growth 1Y-2.53%
EBIT growth 3Y5.6%
EBIT growth 5YN/A
EBIT Next Year92.63%
EBIT Next 3Y35.57%
EBIT Next 5Y22.22%
FCF growth 1Y39.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y631.17%
OCF growth 3Y19.41%
OCF growth 5YN/A

RACING FORCE SPA / RFG.MI Fundamental Analysis FAQ

What is the fundamental rating for RFG stock?

ChartMill assigns a fundamental rating of 5 / 10 to RFG.MI.


What is the valuation status for RFG stock?

ChartMill assigns a valuation rating of 3 / 10 to RACING FORCE SPA (RFG.MI). This can be considered as Overvalued.


Can you provide the profitability details for RACING FORCE SPA?

RACING FORCE SPA (RFG.MI) has a profitability rating of 6 / 10.


What is the financial health of RACING FORCE SPA (RFG.MI) stock?

The financial health rating of RACING FORCE SPA (RFG.MI) is 6 / 10.


Can you provide the expected EPS growth for RFG stock?

The Earnings per Share (EPS) of RACING FORCE SPA (RFG.MI) is expected to grow by 21.21% in the next year.