EMAK SPA (EM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:EM - IT0001237053 - Common Stock
0.93 EUR
+0.01 (+0.54%)
We assign a fundamental rating of 6 out of 10 to EM. EM was compared to 32 industry peers in the Household Durables industry. While EM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. 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.
EM had a positive operating cash flow in the past year.
Each year in the past 5 years EM has been profitable.
Each year in the past 5 years EM had a positive operating cash flow.
1.2 Ratios
EM has a Return On Assets of 3.03%. This is amongst the best in the industry. EM outperforms 81.25% of its industry peers.
The Return On Equity of EM (7.77%) is better than 75.00% of its industry peers.
EM has a better Return On Invested Capital (8.07%) than 81.25% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EM is below the industry average of 8.34%.
The 3 year average ROIC (5.51%) for EM is below the current ROIC(8.07%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 2.31%, EM is doing good in the industry, outperforming 68.75% 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 65.63% of the companies in the same industry.
EM's Operating Margin has declined in the last couple of years.
The Gross Margin of EM (48.73%) is better than 65.63% of its industry peers.
EM's Gross Margin has been stable in the last couple of years.
| 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
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.
Compared to 5 years ago, EM has less shares outstanding
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.
EM has a better Altman-Z score (2.64) than 75.00% of its industry peers.
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.
With a Debt to FCF ratio value of 102.66, EM perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
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 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 102.66 | ||
| Altman-Z | 2.64 |
ROIC/WACC1.36
WACC5.93%
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.
EM's Current ratio of 2.28 is fine compared to the rest of the industry. EM outperforms 78.13% of its industry peers.
A Quick Ratio of 1.19 indicates that EM should not have too much problems paying its short term obligations.
The Quick ratio of EM (1.19) is better than 81.25% 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.
EM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.92% yearly.
The Revenue has grown by 8.92% in the past year. This is quite good.
Measured over the past years, EM shows a small growth in Revenue. The Revenue has been growing by 6.76% on average per year.
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
Based on estimates for the next years, EM will show a small growth in Revenue. The Revenue will grow by 2.91% on average per year.
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.
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
Based on the Price/Earnings ratio of 7.15, the valuation of EM can be described as very cheap.
Based on the Price/Earnings ratio, EM is valued cheaply inside the industry as 96.88% of the companies are valued more expensively.
EM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.51.
A Price/Forward Earnings ratio of 7.17 indicates a rather cheap valuation of EM.
81.25% of the companies in the same industry are more expensive than EM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of EM to the average of the S&P500 Index (23.13), we can say EM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.15 | ||
| Fwd PE | 7.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EM is valued cheaper than 90.63% of the companies in the same industry.
EM's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54 | ||
| EV/EBITDA | 4.01 |
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)0.29
PEG (5Y)N/A
EPS Next 2Y34.16%
EPS Next 3Y29.78%
5. Dividend
5.1 Amount
EM has a Yearly Dividend Yield of 2.74%. 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 2.58.
EM's Dividend Yield is a higher than the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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.
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%
BIT:EM (12/30/2025, 5:27:32 PM)
0.93
+0.01 (+0.54%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners5.25%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap152.45M
Revenue(TTM)947.07M
Net Income(TTM)21.90M
Analysts84.44
Price Target1.63 (75.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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)-4.4%
EPS NY rev (3m)-4.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.6%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.15 | ||
| Fwd PE | 7.17 | ||
| P/S | 0.16 | ||
| P/FCF | 54 | ||
| P/OCF | 6.19 | ||
| P/B | 0.54 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 4.01 |
EPS(TTM)0.13
EY13.98%
EPS(NY)0.13
Fwd EY13.95%
FCF(TTM)0.02
FCFY1.85%
OCF(TTM)0.15
OCFY16.16%
SpS5.78
BVpS1.72
TBVpS1.13
PEG (NY)0.29
PEG (5Y)N/A
Graham Number2.24
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC5.93%
ROIC/WACC1.36
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 7 / 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%.