EMAK SPA (EM.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:EM • IT0001237053
0.932 EUR
-0.01 (-0.53%)
Last: Jan 30, 2026, 03:07 PM
We assign a fundamental rating of 6 out of 10 to EM. EM was compared to 33 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 may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make EM suitable for value investing!
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.
- Each year in the past 5 years EM had a positive operating cash flow.
1.2 Ratios
- EM's Return On Assets of 3.03% is fine compared to the rest of the industry. EM outperforms 78.79% of its industry peers.
- With a decent Return On Equity value of 7.77%, EM is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- EM's Return On Invested Capital of 8.07% is fine compared to the rest of the industry. EM outperforms 78.79% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for EM is below the industry average of 9.57%.
- The last Return On Invested Capital (8.07%) for EM is above the 3 year average (5.51%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of EM (2.31%) is better than 66.67% of its industry peers.
- EM's Profit Margin has declined in the last couple of years.
- The Operating Margin of EM (6.26%) is better than 63.64% of its industry peers.
- In the last couple of years the Operating Margin of EM has declined.
- Looking at the Gross Margin, with a value of 48.73%, EM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- In the last couple of years the Gross Margin of EM has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- EM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- EM has about the same amout of shares outstanding than it did 1 year ago.
- EM has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, EM has about the same debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.64 indicates that EM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.64, EM is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- The Debt to FCF ratio of EM is 102.66, which is on the high side as it means it would take EM, 102.66 years of fcf income to pay off all of its debts.
- EM has a Debt to FCF ratio of 102.66. This is comparable to the rest of the industry: EM outperforms 45.45% of its industry peers.
- A Debt/Equity ratio of 0.75 indicates that EM is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.75, EM is doing worse than 60.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 102.66 | ||
| Altman-Z | 2.64 |
ROIC/WACC1.33
WACC6.05%
2.3 Liquidity
- A Current Ratio of 2.28 indicates that EM has no problem at all paying its short term obligations.
- EM has a Current ratio of 2.28. This is in the better half of the industry: EM outperforms 75.76% of its industry peers.
- EM has a Quick Ratio of 1.19. This is a normal value and indicates that EM is financially healthy and should not expect problems in meeting its short term obligations.
- EM's Quick ratio of 1.19 is fine compared to the rest of the industry. EM outperforms 78.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 11.98% over the past year.
- The earnings per share for EM have been decreasing by -14.92% on average. This is quite bad
- The Revenue has grown by 8.92% in the past year. This is quite good.
- 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
- The Earnings Per Share is expected to grow by 29.78% on average over the next years. This is a very strong growth
- 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
- 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 7.17, the valuation of EM can be described as very cheap.
- 96.97% of the companies in the same industry are more expensive than EM, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, EM is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 7.18, the valuation of EM can be described as very cheap.
- Based on the Price/Forward Earnings ratio, EM is valued cheaper than 81.82% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. EM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.17 | ||
| Fwd PE | 7.18 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, EM is valued cheaper than 90.91% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as EM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.12 | ||
| EV/EBITDA | 4.03 |
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.
- EM's earnings are expected to grow with 29.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y34.16%
EPS Next 3Y29.78%
5. Dividend
5.1 Amount
- EM has a Yearly Dividend Yield of 2.58%. Purely for dividend investing, there may be better candidates out there.
- EM's Dividend Yield is a higher than the industry average which is at 2.64.
- EM's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
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
- 19.96% of the earnings are spent on dividend by EM. This is a low number and sustainable payout ratio.
- EM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.96%
EPS Next 2Y34.16%
EPS Next 3Y29.78%
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 6 / 10 and the dividend payout ratio is 19.96%.