EMAK SPA (EM.MI) Stock Fundamental Analysis
Europe - BIT:EM - IT0001237053 - Common Stock
0.981 EUR
-0.01 (-0.91%)
Taking everything into account, EM scores 5 out of 10 in our fundamental rating. EM was compared to 32 industry peers in the Household Durables industry. EM has only an average score on both its financial health and profitability. 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
EM had positive earnings in the past year.
In the past year EM had a positive cash flow from operations.
EM had positive earnings in each of the past 5 years.
EM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EM has a Return On Assets of 2.23%. This is comparable to the rest of the industry: EM outperforms 53.13% of its industry peers.
EM's Return On Equity of 5.69% is in line compared to the rest of the industry. EM outperforms 53.13% of its industry peers.
EM's Return On Invested Capital of 7.30% is fine compared to the rest of the industry. EM outperforms 71.88% of its industry peers.
EM had an Average Return On Invested Capital over the past 3 years of 5.51%. This is below the industry average of 9.97%.
The last Return On Invested Capital (7.30%) for EM is above the 3 year average (5.51%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.23% | ||
| ROE | 5.69% | ||
| ROIC | 7.3% |
ROA(3y)2.68%
ROA(5y)3.25%
ROE(3y)6.67%
ROE(5y)8.32%
ROIC(3y)5.51%
ROIC(5y)6.18%
1.3 Margins
EM has a Profit Margin of 1.76%. This is comparable to the rest of the industry: EM outperforms 50.00% of its industry peers.
EM's Profit Margin has declined in the last couple of years.
EM has a Operating Margin (5.56%) which is in line with its industry peers.
In the last couple of years the Operating Margin of EM has declined.
EM's Gross Margin of 48.54% is fine compared to the rest of the industry. EM outperforms 68.75% of its industry peers.
EM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.56% | ||
| PM (TTM) | 1.76% | ||
| GM | 48.54% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so EM is still creating some value.
Compared to 1 year ago, EM has about the same amount of shares outstanding.
EM has less shares outstanding than it did 5 years ago.
The debt/assets ratio for EM has remained at the same level compared to a year ago.
2.2 Solvency
EM has an Altman-Z score of 2.51. 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 has a better Altman-Z score (2.51) than 68.75% of its industry peers.
EM has a debt to FCF ratio of 325.91. This is a negative value and a sign of low solvency as EM would need 325.91 years to pay back of all of its debts.
EM has a Debt to FCF ratio (325.91) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.65 indicates that EM is somewhat dependend on debt financing.
EM has a worse Debt to Equity ratio (0.65) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 325.91 | ||
| Altman-Z | 2.51 |
ROIC/WACC1.27
WACC5.77%
2.3 Liquidity
EM has a Current Ratio of 2.04. This indicates that EM is financially healthy and has no problem in meeting its short term obligations.
EM has a Current ratio of 2.04. This is in the better half of the industry: EM outperforms 68.75% of its industry peers.
EM has a Quick Ratio of 2.04. This is a bad value and indicates that EM is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.00, EM is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The earnings per share for EM have decreased strongly by -40.25% in the last year.
The earnings per share for EM have been decreasing by -14.92% on average. This is quite bad
Looking at the last year, EM shows a small growth in Revenue. The Revenue has grown by 7.94% in the last year.
EM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.76% yearly.
EPS 1Y (TTM)-40.25%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%44.42%
Revenue 1Y (TTM)7.94%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%13.06%
3.2 Future
EM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.18% yearly.
The Revenue is expected to grow by 3.78% on average over the next years.
EPS Next Y34.29%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
EPS Next 5YN/A
Revenue Next Year4.33%
Revenue Next 2Y4.16%
Revenue Next 3Y3.78%
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
A Price/Earnings ratio of 9.81 indicates a reasonable valuation of EM.
EM's Price/Earnings ratio is a bit cheaper when compared to the industry. EM is cheaper than 78.13% of the companies in the same industry.
When comparing the Price/Earnings ratio of EM to the average of the S&P500 Index (27.20), we can say EM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.62, the valuation of EM can be described as very cheap.
Based on the Price/Forward Earnings ratio, EM is valued cheaper than 84.38% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of EM to the average of the S&P500 Index (22.70), we can say EM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.81 | ||
| Fwd PE | 7.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EM is valued cheaper than 81.25% 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 | 189.64 | ||
| EV/EBITDA | 4.82 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
EM's earnings are expected to grow with 31.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y33.63%
EPS Next 3Y31.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.50%, EM has a reasonable but not impressive dividend return.
EM's Dividend Yield is comparable with the industry average which is at 4.90.
EM's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
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
46.70% of the earnings are spent on dividend by EM. This is a bit on the high side, but may be sustainable.
The dividend of EM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP46.7%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
BIT:EM (9/17/2025, 5:25:00 PM)
0.981
-0.01 (-0.91%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners8.49%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap160.82M
Analysts84.44
Price Target1.63 (66.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
Yearly Dividend0.05
Dividend Growth(5Y)0.17%
DP46.7%
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)10.34%
PT rev (3m)10.34%
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%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.81 | ||
| Fwd PE | 7.62 | ||
| P/S | 0.17 | ||
| P/FCF | 189.64 | ||
| P/OCF | 6.51 | ||
| P/B | 0.56 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 4.82 |
EPS(TTM)0.1
EY10.19%
EPS(NY)0.13
Fwd EY13.12%
FCF(TTM)0.01
FCFY0.53%
OCF(TTM)0.15
OCFY15.37%
SpS5.63
BVpS1.74
TBVpS1.14
PEG (NY)0.29
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.23% | ||
| ROE | 5.69% | ||
| ROCE | 10.41% | ||
| ROIC | 7.3% | ||
| ROICexc | 7.85% | ||
| ROICexgc | 10% | ||
| OM | 5.56% | ||
| PM (TTM) | 1.76% | ||
| GM | 48.54% | ||
| FCFM | 0.09% |
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%
ROICexcg growth 3Y-25.8%
ROICexcg 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-Score6
Asset Turnover1.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 325.91 | ||
| Debt/EBITDA | 2.2 | ||
| Cap/Depr | 73.72% | ||
| Cap/Sales | 2.59% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 29.55% | ||
| Profit Quality | 5.23% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 2.51 |
F-Score6
WACC5.77%
ROIC/WACC1.27
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)-40.25%
EPS 3Y-43.79%
EPS 5Y-14.92%
EPS Q2Q%44.42%
EPS Next Y34.29%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
EPS Next 5YN/A
Revenue 1Y (TTM)7.94%
Revenue growth 3Y0.77%
Revenue growth 5Y6.76%
Sales Q2Q%13.06%
Revenue Next Year4.33%
Revenue Next 2Y4.16%
Revenue Next 3Y3.78%
Revenue Next 5YN/A
EBIT growth 1Y-4.67%
EBIT growth 3Y-18.74%
EBIT growth 5Y3.43%
EBIT Next Year119.36%
EBIT Next 3Y37.16%
EBIT Next 5YN/A
FCF growth 1Y-93.5%
FCF growth 3Y-12.04%
FCF growth 5Y-13.15%
OCF growth 1Y-32.8%
OCF growth 3Y3.36%
OCF growth 5Y-1.36%