EMAK SPA (EM.MI) Stock Fundamental Analysis
BIT:EM - Euronext Milan - IT0001237053 - Common Stock - Currency: EUR
EM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Household Durables industry. EM has only an average score on both its financial health and profitability. EM is not valued too expensively and it also shows a decent growth rate.
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.
In the past 5 years EM has always been profitable.
In the past 5 years EM always reported a positive cash flow from operatings.
1.2 Ratios
EM's Return On Assets of 2.23% is on the low side compared to the rest of the industry. EM is outperformed by 63.33% of its industry peers.
EM has a Return On Equity of 5.69%. This is in the lower half of the industry: EM underperforms 63.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.30%, EM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
EM had an Average Return On Invested Capital over the past 3 years of 5.51%. This is significantly below the industry average of 15.82%.
The 3 year average ROIC (5.51%) for EM is below the current ROIC(7.30%), indicating increased profibility in the last year.
| 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 worse Profit Margin (1.76%) than 70.00% of its industry peers.
In the last couple of years the Profit Margin of EM has declined.
Looking at the Operating Margin, with a value of 5.56%, EM is doing worse than 60.00% 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 48.54%. 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 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
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.
Compared to 5 years ago, EM has less shares outstanding
EM has about the same debt/assets ratio as last year.
2.2 Solvency
EM has an Altman-Z score of 2.49. 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.
With a Altman-Z score value of 2.49, EM perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
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.
The Debt to FCF ratio of EM (325.91) is worse than 63.33% of its industry peers.
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 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 325.91 | ||
| Altman-Z | 2.49 |
ROIC/WACC1.31
WACC5.57%
2.3 Liquidity
A Current Ratio of 2.04 indicates that EM has no problem at all paying its short term obligations.
EM's Current ratio of 2.04 is fine compared to the rest of the industry. EM outperforms 73.33% of its industry peers.
A Quick Ratio of 1.00 indicates that EM may have some problems paying its short term obligations.
With a decent Quick ratio value of 1.00, EM is doing good in the industry, outperforming 63.33% 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
The Revenue has been growing slightly by 7.94% in the past year.
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)-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
Based on estimates for the next years, EM will show a very strong growth in Earnings Per Share. The EPS will grow by 31.18% on average per year.
Based on estimates for the next years, EM will show a small growth in Revenue. The Revenue will grow by 3.78% on average per year.
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
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
EM is valuated reasonably with a Price/Earnings ratio of 8.78.
EM's Price/Earnings ratio is a bit cheaper when compared to the industry. EM is cheaper than 76.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, EM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.82, the valuation of EM can be described as very cheap.
EM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. EM is cheaper than 80.00% of the companies in the same industry.
EM is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.78 | ||
| Fwd PE | 6.82 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EM indicates a somewhat cheap valuation: EM is cheaper than 80.00% of the companies listed in the same industry.
EM's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. EM is more expensive than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 169.73 | ||
| EV/EBITDA | 4.57 |
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.
EM's earnings are expected to grow with 31.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y33.63%
EPS Next 3Y31.18%
5. Dividend
5.1 Amount
EM has a Yearly Dividend Yield of 2.87%.
Compared to an average industry Dividend Yield of 4.66, EM has a dividend in line with its industry peers.
EM's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.87% |
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.
EM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.7%
EPS Next 2Y33.63%
EPS Next 3Y31.18%
BIT:EM (7/4/2025, 4:55:29 PM)
0.878
+0.02 (+2.33%)
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 Cap143.93M
Analysts84.44
Price Target1.48 (68.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.87% |
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)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)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.78 | ||
| Fwd PE | 6.82 | ||
| P/S | 0.16 | ||
| P/FCF | 169.73 | ||
| P/OCF | 5.82 | ||
| P/B | 0.5 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 4.57 |
EPS(TTM)0.1
EY11.39%
EPS(NY)0.13
Fwd EY14.66%
FCF(TTM)0.01
FCFY0.59%
OCF(TTM)0.15
OCFY17.17%
SpS5.63
BVpS1.74
TBVpS1.14
PEG (NY)0.26
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 | 2.49 |
F-Score6
WACC5.57%
ROIC/WACC1.31
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%