EMAK SPA (EM.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:EM • IT0001237053

0.928 EUR
0 (-0.43%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

6

Overall EM gets a fundamental rating of 6 out of 10. We evaluated EM against 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, EM could be worth investigating further for value 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.
  • Each year in the past 5 years EM had a positive operating cash flow.
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's Return On Assets of 3.03% is fine compared to the rest of the industry. EM outperforms 75.76% 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for EM is below the industry average of 9.38%.
  • 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

  • EM has a Profit Margin of 2.31%. This is in the better half of the industry: EM outperforms 63.64% of its industry peers.
  • EM's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 6.26%, EM is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
  • EM's Operating Margin has declined in the last couple of years.
  • EM has a Gross Margin of 48.73%. This is in the better half of the industry: EM outperforms 66.67% of its industry peers.
  • 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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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.
  • The number of shares outstanding for EM remains at a similar level compared to 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.
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.
  • Looking at the Altman-Z score, with a value of 2.64, EM is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • 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.
  • The Debt to FCF ratio of EM (102.66) is comparable to the rest of the industry.
  • EM has a Debt/Equity ratio of 0.75. This is a neutral value indicating EM is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.75, EM is not doing good in the industry: 60.61% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 102.66
Altman-Z 2.64
ROIC/WACC1.42
WACC5.67%
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.
  • EM has a better Quick ratio (1.19) than 78.79% of its industry peers.
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.
  • The earnings per share for EM have been decreasing by -14.92% on average. This is quite bad
  • 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.
  • EM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.91% yearly.
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.
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 7.14, which indicates a rather cheap valuation of EM.
  • Compared to the rest of the industry, the Price/Earnings ratio of EM indicates a rather cheap valuation: EM is cheaper than 96.97% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, EM is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 7.15, the valuation of EM can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EM indicates a rather cheap valuation: EM is cheaper than 81.82% of the companies listed in the same industry.
  • EM is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.14
Fwd PE 7.15
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

  • 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 RankSector Rank
P/FCF 53.89
EV/EBITDA 4.02
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%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.71%, EM has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.76, EM pays a bit more dividend than its industry peers.
  • EM's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.71%

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%
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 (2/5/2026, 7:00:00 PM)

0.928

0 (-0.43%)

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 Cap152.13M
Revenue(TTM)947.07M
Net Income(TTM)21.90M
Analysts84.44
Price Target1.63 (75.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.71%
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 7.14
Fwd PE 7.15
P/S 0.16
P/FCF 53.89
P/OCF 6.18
P/B 0.54
P/tB 0.82
EV/EBITDA 4.02
EPS(TTM)0.13
EY14.01%
EPS(NY)0.13
Fwd EY13.98%
FCF(TTM)0.02
FCFY1.86%
OCF(TTM)0.15
OCFY16.19%
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
WACC5.67%
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 6 / 10 and the dividend payout ratio is 19.96%.