EMAK SPA (EM.MI) Fundamental Analysis & Valuation

BIT:EM • IT0001237053

0.851 EUR
-0.04 (-4.38%)
Last: Mar 6, 2026, 05:03 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This EM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to EM. EM was compared to 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. EM also has an excellent dividend rating. This makes EM very considerable for value and dividend investing!


Dividend Valuation Growth Profitability Health

6

1. EM.MI Profitability Analysis

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.
  • EM had a positive operating cash flow in each of the past 5 years.
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

  • With a decent Return On Assets value of 3.03%, EM is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • EM has a better Return On Equity (7.77%) than 66.67% of its industry peers.
  • EM has a better Return On Invested Capital (8.07%) than 73.33% 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 10.33%.
  • 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 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 (2.31%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of EM has declined.
  • EM's Operating Margin of 6.26% is in line compared to the rest of the industry. EM outperforms 53.33% of its industry peers.
  • In the last couple of years the Operating Margin of EM has declined.
  • EM has a Gross Margin of 48.73%. This is in the better half of the industry: EM outperforms 63.33% 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. EM.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), EM is 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.
  • 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

  • An Altman-Z score of 2.63 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 (2.63) than 66.67% 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.
  • EM has a Debt to FCF ratio of 102.66. This is comparable to the rest of the industry: EM outperforms 46.67% of its industry peers.
  • A Debt/Equity ratio of 0.75 indicates that EM is somewhat dependend on debt financing.
  • The Debt to Equity ratio of EM (0.75) is worse than 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 102.66
Altman-Z 2.63
ROIC/WACC1.43
WACC5.66%
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.
  • With a decent Current ratio value of 2.28, EM is doing good in the industry, outperforming 70.00% 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.
  • With a decent Quick ratio value of 1.19, EM is doing good in the industry, outperforming 73.33% 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

More info and screens

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

5

3. EM.MI Growth Analysis

3.1 Past

  • EM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.98%, which is quite good.
  • 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

  • Based on estimates for the next years, EM will show a very strong growth in Earnings Per Share. The EPS will grow by 29.78% on average per year.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

8

4. EM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.55 indicates a rather cheap valuation of EM.
  • Based on the Price/Earnings ratio, EM is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of EM to the average of the S&P500 Index (26.29), we can say EM is valued rather cheaply.
  • A Price/Forward Earnings ratio of 6.56 indicates a rather cheap valuation of EM.
  • Based on the Price/Forward Earnings ratio, EM is valued cheaper than 86.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, EM is valued rather cheaply.
Industry RankSector Rank
PE 6.55
Fwd PE 6.56
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

  • 93.33% 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 49.42
EV/EBITDA 3.94
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

  • The 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)0.27
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. EM.MI Dividend Analysis

5.1 Amount

  • EM has a Yearly Dividend Yield of 2.75%.
  • EM's Dividend Yield is a higher than the industry average which is at 2.52.
  • EM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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

  • 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%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

EM.MI Fundamentals: All Metrics, Ratios and Statistics

EMAK SPA

BIT:EM (3/6/2026, 5:03:55 PM)

0.851

-0.04 (-4.38%)

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 Cap139.50M
Revenue(TTM)947.07M
Net Income(TTM)21.90M
Analysts84.44
Price Target1.63 (91.54%)
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 6.55
Fwd PE 6.56
P/S 0.15
P/FCF 49.42
P/OCF 5.66
P/B 0.5
P/tB 0.75
EV/EBITDA 3.94
EPS(TTM)0.13
EY15.28%
EPS(NY)0.13
Fwd EY15.25%
FCF(TTM)0.02
FCFY2.02%
OCF(TTM)0.15
OCFY17.66%
SpS5.78
BVpS1.72
TBVpS1.13
PEG (NY)0.27
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 2.63
F-Score7
WACC5.66%
ROIC/WACC1.43
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%.