TECHNOGYM SPA (TGYM.MI) Fundamental Analysis & Valuation

BIT:TGYM • IT0005162406

Current stock price

19.42 EUR
+0.45 (+2.37%)
Last:

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

8

1. TGYM.MI Profitability Analysis

1.1 Basic Checks

  • In the past year TGYM was profitable.
  • TGYM had a positive operating cash flow in the past year.
  • TGYM had positive earnings in each of the past 5 years.
  • Each year in the past 5 years TGYM had a positive operating cash flow.
TGYM.MI Yearly Net Income VS EBIT VS OCF VS FCFTGYM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • TGYM's Return On Assets of 13.77% is amongst the best of the industry. TGYM outperforms 100.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 34.54%, TGYM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • The Return On Invested Capital of TGYM (26.90%) is better than 100.00% of its industry peers.
Industry RankSector Rank
ROA 13.77%
ROE 34.54%
ROIC 26.9%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TGYM.MI Yearly ROA, ROE, ROICTGYM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • With an excellent Profit Margin value of 11.32%, TGYM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • TGYM's Profit Margin has improved in the last couple of years.
  • TGYM has a better Operating Margin (16.20%) than 100.00% of its industry peers.
  • TGYM's Operating Margin has improved in the last couple of years.
  • TGYM has a Gross Margin (45.17%) which is comparable to the rest of the industry.
  • TGYM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.2%
PM (TTM) 11.32%
GM 45.17%
OM growth 3Y11.76%
OM growth 5Y7.96%
PM growth 3Y8.6%
PM growth 5Y9.84%
GM growth 3Y0.2%
GM growth 5Y-1.12%
TGYM.MI Yearly Profit, Operating, Gross MarginsTGYM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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8

2. TGYM.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TGYM is creating value.
  • TGYM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TGYM.MI Yearly Shares OutstandingTGYM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
TGYM.MI Yearly Total Debt VS Total AssetsTGYM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • TGYM has an Altman-Z score of 7.14. This indicates that TGYM is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of TGYM (7.14) is better than 100.00% of its industry peers.
  • TGYM has a debt to FCF ratio of 0.50. This is a very positive value and a sign of high solvency as it would only need 0.50 years to pay back of all of its debts.
  • TGYM has a Debt to FCF ratio of 0.50. This is amongst the best in the industry. TGYM outperforms 93.33% of its industry peers.
  • TGYM has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
  • TGYM has a better Debt to Equity ratio (0.13) than 86.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.5
Altman-Z 7.14
ROIC/WACC3.38
WACC7.97%
TGYM.MI Yearly LT Debt VS Equity VS FCFTGYM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.27 indicates that TGYM should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.27, TGYM is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • TGYM has a Quick Ratio of 1.27. This is a bad value and indicates that TGYM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TGYM has a Quick ratio of 0.99. This is comparable to the rest of the industry: TGYM outperforms 53.33% of its industry peers.
  • TGYM does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 0.99
TGYM.MI Yearly Current Assets VS Current LiabilitesTGYM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. TGYM.MI Growth Analysis

3.1 Past

  • TGYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.75%, which is quite impressive.
  • The Earnings Per Share has been growing by 26.54% on average over the past years. This is a very strong growth
  • The Revenue has grown by 13.17% in the past year. This is quite good.
  • The Revenue has been growing by 14.86% on average over the past years. This is quite good.
EPS 1Y (TTM)32.75%
EPS 3Y22.46%
EPS 5Y26.54%
EPS Q2Q%33.62%
Revenue 1Y (TTM)13.17%
Revenue growth 3Y12.23%
Revenue growth 5Y14.86%
Sales Q2Q%12.2%

3.2 Future

  • Based on estimates for the next years, TGYM will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.60% on average per year.
  • TGYM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.09% yearly.
EPS Next Y15.09%
EPS Next 2Y13.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.64%
Revenue Next 2Y8.25%
Revenue Next 3Y7.79%
Revenue Next 5Y5.09%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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.
TGYM.MI Yearly Revenue VS EstimatesTGYM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B
TGYM.MI Yearly EPS VS EstimatesTGYM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6

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3

4. TGYM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 33.48, TGYM can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, TGYM is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.91. TGYM is valued slightly more expensive when compared to this.
  • TGYM is valuated quite expensively with a Price/Forward Earnings ratio of 30.63.
  • Based on the Price/Forward Earnings ratio, TGYM is valued a bit more expensive than 73.33% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. TGYM is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 33.48
Fwd PE 30.63
TGYM.MI Price Earnings VS Forward Price EarningsTGYM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TGYM indicates a slightly more expensive valuation: TGYM is more expensive than 66.67% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, TGYM is valued cheaper than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 33.72
EV/EBITDA 16.83
TGYM.MI Per share dataTGYM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TGYM does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of TGYM may justify a higher PE ratio.
  • TGYM's earnings are expected to grow with 13.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.22
PEG (5Y)1.26
EPS Next 2Y13.6%
EPS Next 3YN/A

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

4

5. TGYM.MI Dividend Analysis

5.1 Amount

  • TGYM has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
  • TGYM's Dividend Yield is comparable with the industry average which is at 4.06.
  • Compared to an average S&P500 Dividend Yield of 1.89, TGYM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.23%

5.2 History

  • On average, the dividend of TGYM grows each year by 8.92%, which is quite nice.
Dividend Growth(5Y)8.92%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • TGYM pays out 141.12% of its income as dividend. This is not a sustainable payout ratio.
  • TGYM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP141.12%
EPS Next 2Y13.6%
EPS Next 3YN/A
TGYM.MI Yearly Income VS Free CF VS DividendTGYM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
TGYM.MI Dividend Payout.TGYM.MI Dividend Payout, showing the Payout Ratio.TGYM.MI Dividend Payout.PayoutRetained Earnings

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TGYM.MI Fundamentals: All Metrics, Ratios and Statistics

TECHNOGYM SPA

BIT:TGYM (4/10/2026, 1:29:46 PM)

19.42

+0.45 (+2.37%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)03-19
Earnings (Next)05-06
Inst Owners29.98%
Inst Owner ChangeN/A
Ins Owners39.39%
Ins Owner ChangeN/A
Market Cap3.91B
Revenue(TTM)1.02B
Net Income(TTM)115.13M
Analysts75
Price Target17.74 (-8.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.23%
Yearly Dividend0.28
Dividend Growth(5Y)8.92%
DP141.12%
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)4.07%
PT rev (3m)9.87%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 33.48
Fwd PE 30.63
P/S 3.84
P/FCF 33.72
P/OCF 21.45
P/B 11.73
P/tB 14.12
EV/EBITDA 16.83
EPS(TTM)0.58
EY2.99%
EPS(NY)0.63
Fwd EY3.26%
FCF(TTM)0.58
FCFY2.97%
OCF(TTM)0.91
OCFY4.66%
SpS5.05
BVpS1.66
TBVpS1.38
PEG (NY)2.22
PEG (5Y)1.26
Graham Number4.65
Profitability
Industry RankSector Rank
ROA 13.77%
ROE 34.54%
ROCE 37.08%
ROIC 26.9%
ROICexc 52.03%
ROICexgc 68.95%
OM 16.2%
PM (TTM) 11.32%
GM 45.17%
FCFM 11.4%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y11.76%
OM growth 5Y7.96%
PM growth 3Y8.6%
PM growth 5Y9.84%
GM growth 3Y0.2%
GM growth 5Y-1.12%
F-Score7
Asset Turnover1.22
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.5
Debt/EBITDA 0.2
Cap/Depr 126.74%
Cap/Sales 6.52%
Interest Coverage 250
Cash Conversion 83.94%
Profit Quality 100.73%
Current Ratio 1.27
Quick Ratio 0.99
Altman-Z 7.14
F-Score7
WACC7.97%
ROIC/WACC3.38
Cap/Depr(3y)95.4%
Cap/Depr(5y)89.75%
Cap/Sales(3y)5.21%
Cap/Sales(5y)5.01%
Profit Quality(3y)109.15%
Profit Quality(5y)110.58%
High Growth Momentum
Growth
EPS 1Y (TTM)32.75%
EPS 3Y22.46%
EPS 5Y26.54%
EPS Q2Q%33.62%
EPS Next Y15.09%
EPS Next 2Y13.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)13.17%
Revenue growth 3Y12.23%
Revenue growth 5Y14.86%
Sales Q2Q%12.2%
Revenue Next Year8.64%
Revenue Next 2Y8.25%
Revenue Next 3Y7.79%
Revenue Next 5Y5.09%
EBIT growth 1Y35.05%
EBIT growth 3Y25.43%
EBIT growth 5Y24.01%
EBIT Next Year56.98%
EBIT Next 3Y17.18%
EBIT Next 5Y13.1%
FCF growth 1Y1.85%
FCF growth 3Y14.48%
FCF growth 5Y8.25%
OCF growth 1Y17.3%
OCF growth 3Y17.54%
OCF growth 5Y12.22%

TECHNOGYM SPA / TGYM.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TECHNOGYM SPA?

ChartMill assigns a fundamental rating of 7 / 10 to TGYM.MI.


What is the valuation status of TECHNOGYM SPA (TGYM.MI) stock?

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


Can you provide the profitability details for TECHNOGYM SPA?

TECHNOGYM SPA (TGYM.MI) has a profitability rating of 8 / 10.


What is the valuation of TECHNOGYM SPA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TECHNOGYM SPA (TGYM.MI) is 33.48 and the Price/Book (PB) ratio is 11.73.


Can you provide the dividend sustainability for TGYM stock?

The dividend rating of TECHNOGYM SPA (TGYM.MI) is 4 / 10 and the dividend payout ratio is 141.12%.