EMAK SPA (EM.MI) Stock Fundamental Analysis

BIT:EM • IT0001237053

0.905 EUR
-0.01 (-0.55%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

EM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 30 industry peers in the Household Durables industry. Both the profitability and the financial health of EM get a neutral evaluation. Nothing too spectacular is happening here. EM is valued quite cheap, while showing a decent growth score. This is a good combination! Finally EM also has an excellent dividend rating. With these ratings, EM could be worth investigating further for value and dividend investing!.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year EM was profitable.
  • In the past year EM had a positive cash flow from operations.
  • EM had positive earnings in each of the past 5 years.
  • In the past 5 years EM always reported a positive cash flow from operatings.
EM.MI Yearly Net Income VS EBIT VS OCF VS FCFEM.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 0 20M 40M

1.2 Ratios

  • EM has a Return On Assets of 3.03%. This is in the better half of the industry: EM outperforms 78.79% of its industry peers.
  • The Return On Equity of EM (7.77%) is better than 72.73% of its industry peers.
  • With a decent Return On Invested Capital value of 8.07%, EM is doing good in the industry, outperforming 78.79% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for EM is below the industry average of 10.33%.
  • The 3 year average ROIC (5.51%) for EM is below the current ROIC(8.07%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.03%
ROE 7.77%
ROIC 8.07%
ROA(3y)2.68%
ROA(5y)3.25%
ROE(3y)6.67%
ROE(5y)8.32%
ROIC(3y)5.51%
ROIC(5y)6.18%
EM.MI Yearly ROA, ROE, ROICEM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.31%, EM is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • In the last couple of years the Profit Margin of EM has declined.
  • With a decent Operating Margin value of 6.26%, EM is doing good in the industry, outperforming 60.61% of the companies in the same industry.
  • EM's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 48.73%, EM is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • EM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.26%
PM (TTM) 2.31%
GM 48.73%
OM growth 3Y-19.36%
OM growth 5Y-3.12%
PM growth 3Y-44.28%
PM growth 5Y-20.36%
GM growth 3Y0.43%
GM growth 5Y0.61%
EM.MI Yearly Profit, Operating, Gross MarginsEM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so EM is still creating some value.
  • EM has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, EM has less shares outstanding
  • EM has about the same debt/assets ratio as last year.
EM.MI Yearly Shares OutstandingEM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
EM.MI Yearly Total Debt VS Total AssetsEM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • EM has an Altman-Z score of 2.64. This is not the best score and indicates that EM is in the grey zone with still only limited risk for bankruptcy at the moment.
  • EM's Altman-Z score of 2.64 is fine compared to the rest of the industry. EM outperforms 72.73% of its industry peers.
  • EM has a debt to FCF ratio of 102.66. This is a negative value and a sign of low solvency as EM would need 102.66 years to pay back of all of its debts.
  • EM's Debt to FCF ratio of 102.66 is in line compared to the rest of the industry. EM outperforms 51.52% of its industry peers.
  • EM has a Debt/Equity ratio of 0.75. This is a neutral value indicating EM is somewhat dependend on debt financing.
  • EM has a Debt to Equity ratio of 0.75. This is in the lower half of the industry: EM underperforms 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 102.66
Altman-Z 2.64
ROIC/WACC1.42
WACC5.68%
EM.MI Yearly LT Debt VS Equity VS FCFEM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M 250M

2.3 Liquidity

  • EM has a Current Ratio of 2.28. This indicates that EM is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.28, EM is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
  • A Quick Ratio of 1.19 indicates that EM should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.19, EM is in the better half of the industry, outperforming 78.79% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.28
Quick Ratio 1.19
EM.MI Yearly Current Assets VS Current LiabilitesEM.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

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 11.98% over the past year.
  • Measured over the past years, EM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.92% on average per year.
  • EM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.92%.
  • EM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.76% yearly.
EPS 1Y (TTM)11.98%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%40.84%
Revenue 1Y (TTM)8.92%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%6.94%

3.2 Future

  • EM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.78% yearly.
  • The Revenue is expected to grow by 2.91% on average over the next years.
EPS Next Y24.29%
EPS Next 2Y34.16%
EPS Next 3Y29.78%
EPS Next 5YN/A
Revenue Next Year2.67%
Revenue Next 2Y2.88%
Revenue Next 3Y2.91%
Revenue Next 5YN/A

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.
EM.MI Yearly Revenue VS EstimatesEM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
EM.MI Yearly EPS VS EstimatesEM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2020 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2

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8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.96, which indicates a rather cheap valuation of EM.
  • EM's Price/Earnings ratio is rather cheap when compared to the industry. EM is cheaper than 93.94% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, EM is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 6.97, the valuation of EM can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, EM is valued cheaply inside the industry as 84.85% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of EM to the average of the S&P500 Index (28.05), we can say EM is valued rather cheaply.
Industry RankSector Rank
PE 6.96
Fwd PE 6.97
EM.MI Price Earnings VS Forward Price EarningsEM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 87.88% of the companies in the same industry are more expensive than EM, based on the Enterprise Value to EBITDA ratio.
  • EM's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 52.55
EV/EBITDA 3.97
EM.MI Per share dataEM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • EM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of EM may justify a higher PE ratio.
  • A more expensive valuation may be justified as EM's earnings are expected to grow with 29.78% in the coming years.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y34.16%
EPS Next 3Y29.78%

More info and screens

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.75%, EM has a reasonable but not impressive dividend return.
  • EM's Dividend Yield is a higher than the industry average which is at 2.52.
  • Compared to an average S&P500 Dividend Yield of 1.82, EM pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.75%

5.2 History

  • The dividend of EM has a limited annual growth rate of 0.17%.
Dividend Growth(5Y)0.17%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • EM pays out 19.96% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of EM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.96%
EPS Next 2Y34.16%
EPS Next 3Y29.78%
EM.MI Yearly Income VS Free CF VS DividendEM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M
EM.MI Dividend Payout.EM.MI Dividend Payout, showing the Payout Ratio.EM.MI Dividend Payout.PayoutRetained Earnings

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EMAK SPA

BIT:EM (2/27/2026, 7:00:00 PM)

0.905

-0.01 (-0.55%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)11-14
Earnings (Next)03-12
Inst Owners5.19%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap148.36M
Revenue(TTM)947.07M
Net Income(TTM)21.90M
Analysts84.44
Price Target1.63 (80.11%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
Yearly Dividend0.05
Dividend Growth(5Y)0.17%
DP19.96%
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)-4.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.6%
Valuation
Industry RankSector Rank
PE 6.96
Fwd PE 6.97
P/S 0.16
P/FCF 52.55
P/OCF 6.02
P/B 0.53
P/tB 0.8
EV/EBITDA 3.97
EPS(TTM)0.13
EY14.36%
EPS(NY)0.13
Fwd EY14.34%
FCF(TTM)0.02
FCFY1.9%
OCF(TTM)0.15
OCFY16.61%
SpS5.78
BVpS1.72
TBVpS1.13
PEG (NY)0.29
PEG (5Y)N/A
Graham Number2.24
Profitability
Industry RankSector Rank
ROA 3.03%
ROE 7.77%
ROCE 11.59%
ROIC 8.07%
ROICexc 9.37%
ROICexgc 11.95%
OM 6.26%
PM (TTM) 2.31%
GM 48.73%
FCFM 0.3%
ROA(3y)2.68%
ROA(5y)3.25%
ROE(3y)6.67%
ROE(5y)8.32%
ROIC(3y)5.51%
ROIC(5y)6.18%
ROICexc(3y)6.58%
ROICexc(5y)7.59%
ROICexgc(3y)8.69%
ROICexgc(5y)10.3%
ROCE(3y)7.91%
ROCE(5y)8.86%
ROICexgc growth 3Y-25.8%
ROICexgc growth 5Y-4.07%
ROICexc growth 3Y-24.35%
ROICexc growth 5Y-3.05%
OM growth 3Y-19.36%
OM growth 5Y-3.12%
PM growth 3Y-44.28%
PM growth 5Y-20.36%
GM growth 3Y0.43%
GM growth 5Y0.61%
F-Score7
Asset Turnover1.31
Health
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 102.66
Debt/EBITDA 2.3
Cap/Depr 67.67%
Cap/Sales 2.3%
Interest Coverage 250
Cash Conversion 26.92%
Profit Quality 12.89%
Current Ratio 2.28
Quick Ratio 1.19
Altman-Z 2.64
F-Score7
WACC5.68%
ROIC/WACC1.42
Cap/Depr(3y)75.55%
Cap/Depr(5y)71.77%
Cap/Sales(3y)3.86%
Cap/Sales(5y)3.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.98%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%40.84%
EPS Next Y24.29%
EPS Next 2Y34.16%
EPS Next 3Y29.78%
EPS Next 5YN/A
Revenue 1Y (TTM)8.92%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%6.94%
Revenue Next Year2.67%
Revenue Next 2Y2.88%
Revenue Next 3Y2.91%
Revenue Next 5YN/A
EBIT growth 1Y26.63%
EBIT growth 3Y-18.74%
EBIT growth 5Y3.43%
EBIT Next Year116.13%
EBIT Next 3Y35.43%
EBIT Next 5YN/A
FCF growth 1Y-92.03%
FCF growth 3Y-12.04%
FCF growth 5Y-13.15%
OCF growth 1Y-58.35%
OCF growth 3Y3.36%
OCF growth 5Y-1.36%

EMAK SPA / EM.MI FAQ

Can you provide the ChartMill fundamental rating for EMAK SPA?

ChartMill assigns a fundamental rating of 6 / 10 to EM.MI.


What is the valuation status for EM stock?

ChartMill assigns a valuation rating of 8 / 10 to EMAK SPA (EM.MI). This can be considered as Undervalued.


How profitable is EMAK SPA (EM.MI) stock?

EMAK SPA (EM.MI) has a profitability rating of 6 / 10.


What is the financial health of EMAK SPA (EM.MI) stock?

The financial health rating of EMAK SPA (EM.MI) is 5 / 10.


How sustainable is the dividend of EMAK SPA (EM.MI) stock?

The dividend rating of EMAK SPA (EM.MI) is 7 / 10 and the dividend payout ratio is 19.96%.