FIERA MILANO SPA (FM.MI) Fundamental Analysis & Valuation

BIT:FM • IT0003365613

Current stock price

7.33 EUR
+0.15 (+2.09%)
Last:

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

3

1. FM.MI Profitability Analysis

1.1 Basic Checks

  • In the past year FM was profitable.
  • FM had a positive operating cash flow in the past year.
  • In multiple years FM reported negative net income over the last 5 years.
  • Of the past 5 years FM 4 years had a positive operating cash flow.
FM.MI Yearly Net Income VS EBIT VS OCF VS FCFFM.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 50M -50M 100M

1.2 Ratios

  • FM has a Return On Assets of 1.23%. This is comparable to the rest of the industry: FM outperforms 46.15% of its industry peers.
  • FM has a Return On Equity of 5.97%. This is comparable to the rest of the industry: FM outperforms 49.23% of its industry peers.
  • The Return On Invested Capital of FM (4.75%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for FM is below the industry average of 7.84%.
  • The last Return On Invested Capital (4.75%) for FM is above the 3 year average (3.92%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.23%
ROE 5.97%
ROIC 4.75%
ROA(3y)2.72%
ROA(5y)1.75%
ROE(3y)12.58%
ROE(5y)4.94%
ROIC(3y)3.92%
ROIC(5y)N/A
FM.MI Yearly ROA, ROE, ROICFM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

  • FM has a Profit Margin (2.24%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of FM has declined.
  • Looking at the Operating Margin, with a value of 7.14%, FM is in line with its industry, outperforming 55.38% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FM has declined.
  • FM has a Gross Margin (54.45%) which is comparable to the rest of the industry.
  • FM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 7.14%
PM (TTM) 2.24%
GM 54.45%
OM growth 3YN/A
OM growth 5Y-13.99%
PM growth 3Y-42.06%
PM growth 5Y-10.53%
GM growth 3Y3.78%
GM growth 5Y-3.18%
FM.MI Yearly Profit, Operating, Gross MarginsFM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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3

2. FM.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FM is destroying value.
  • The number of shares outstanding for FM has been reduced compared to 1 year ago.
  • The number of shares outstanding for FM remains at a similar level compared to 5 years ago.
  • The debt/assets ratio for FM has been reduced compared to a year ago.
FM.MI Yearly Shares OutstandingFM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
FM.MI Yearly Total Debt VS Total AssetsFM.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

  • FM has an Altman-Z score of 1.36. This is a bad value and indicates that FM is not financially healthy and even has some risk of bankruptcy.
  • FM has a Altman-Z score of 1.36. This is comparable to the rest of the industry: FM outperforms 44.62% of its industry peers.
  • FM has a debt to FCF ratio of 3.03. This is a good value and a sign of high solvency as FM would need 3.03 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3.03, FM is doing good in the industry, outperforming 75.38% of the companies in the same industry.
  • A Debt/Equity ratio of 2.01 is on the high side and indicates that FM has dependencies on debt financing.
  • FM has a worse Debt to Equity ratio (2.01) than 72.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.01
Debt/FCF 3.03
Altman-Z 1.36
ROIC/WACC0.84
WACC5.66%
FM.MI Yearly LT Debt VS Equity VS FCFFM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

  • FM has a Current Ratio of 0.89. This is a bad value and indicates that FM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.89, FM is in line with its industry, outperforming 41.54% of the companies in the same industry.
  • A Quick Ratio of 0.86 indicates that FM may have some problems paying its short term obligations.
  • FM has a Quick ratio (0.86) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.86
FM.MI Yearly Current Assets VS Current LiabilitesFM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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

4

3. FM.MI Growth Analysis

3.1 Past

  • The earnings per share for FM have decreased strongly by -76.39% in the last year.
  • FM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.93% yearly.
  • The Revenue has been growing slightly by 3.87% in the past year.
  • FM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.47% yearly.
EPS 1Y (TTM)-76.39%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%13.29%
Revenue 1Y (TTM)3.87%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%34.52%

3.2 Future

  • Based on estimates for the next years, FM will show a very strong growth in Earnings Per Share. The EPS will grow by 49.90% on average per year.
  • Based on estimates for the next years, FM will show a small growth in Revenue. The Revenue will grow by 3.18% on average per year.
EPS Next Y252.63%
EPS Next 2Y46.9%
EPS Next 3Y49.9%
EPS Next 5YN/A
Revenue Next Year40.19%
Revenue Next 2Y19.34%
Revenue Next 3Y14.33%
Revenue Next 5Y3.18%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FM.MI Yearly Revenue VS EstimatesFM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
FM.MI Yearly EPS VS EstimatesFM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 -0.4 0.6

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5

4. FM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 52.36, FM can be considered very expensive at the moment.
  • 64.62% of the companies in the same industry are cheaper than FM, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, FM is valued quite expensively.
  • The Price/Forward Earnings ratio is 17.36, which indicates a rather expensive current valuation of FM.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FM is on the same level as its industry peers.
  • FM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 52.36
Fwd PE 17.36
FM.MI Price Earnings VS Forward Price EarningsFM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • FM's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FM indicates a rather cheap valuation: FM is cheaper than 89.23% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 4.43
EV/EBITDA 8.98
FM.MI Per share dataFM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • FM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FM's earnings are expected to grow with 49.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.21
PEG (5Y)N/A
EPS Next 2Y46.9%
EPS Next 3Y49.9%

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

4

5. FM.MI Dividend Analysis

5.1 Amount

  • FM has a Yearly Dividend Yield of 3.48%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.46, FM pays a bit more dividend than its industry peers.
  • FM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.48%

5.2 History

  • On average, the dividend of FM grows each year by 86.01%, which is quite nice.
Dividend Growth(5Y)86.01%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FM pays out 154.46% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of FM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP154.46%
EPS Next 2Y46.9%
EPS Next 3Y49.9%
FM.MI Yearly Income VS Free CF VS DividendFM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M
FM.MI Dividend Payout.FM.MI Dividend Payout, showing the Payout Ratio.FM.MI Dividend Payout.PayoutRetained Earnings

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FM.MI Fundamentals: All Metrics, Ratios and Statistics

FIERA MILANO SPA

BIT:FM (3/20/2026, 7:00:00 PM)

7.33

+0.15 (+2.09%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)03-10
Earnings (Next)05-11
Inst Owners8.88%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap527.17M
Revenue(TTM)424.26M
Net Income(TTM)9.21M
Analysts86.67
Price Target9.08 (23.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.48%
Yearly Dividend0.14
Dividend Growth(5Y)86.01%
DP154.46%
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)2.3%
PT rev (3m)2.3%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.08%
EPS NY rev (3m)3.08%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 52.36
Fwd PE 17.36
P/S 1.28
P/FCF 4.43
P/OCF 4.19
P/B 3.42
P/tB 11.95
EV/EBITDA 8.98
EPS(TTM)0.14
EY1.91%
EPS(NY)0.42
Fwd EY5.76%
FCF(TTM)1.65
FCFY22.57%
OCF(TTM)1.75
OCFY23.86%
SpS5.71
BVpS2.14
TBVpS0.61
PEG (NY)0.21
PEG (5Y)N/A
Graham Number2.6
Profitability
Industry RankSector Rank
ROA 1.23%
ROE 5.97%
ROCE 5.99%
ROIC 4.75%
ROICexc 6.95%
ROICexgc 10.36%
OM 7.14%
PM (TTM) 2.24%
GM 54.45%
FCFM 28.98%
ROA(3y)2.72%
ROA(5y)1.75%
ROE(3y)12.58%
ROE(5y)4.94%
ROIC(3y)3.92%
ROIC(5y)N/A
ROICexc(3y)5.12%
ROICexc(5y)N/A
ROICexgc(3y)7.06%
ROICexgc(5y)N/A
ROCE(3y)4.95%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-7.85%
ROICexc growth 3YN/A
ROICexc growth 5Y-9.28%
OM growth 3YN/A
OM growth 5Y-13.99%
PM growth 3Y-42.06%
PM growth 5Y-10.53%
GM growth 3Y3.78%
GM growth 5Y-3.18%
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 2.01
Debt/FCF 3.03
Debt/EBITDA 3.87
Cap/Depr 13.47%
Cap/Sales 1.66%
Interest Coverage 2.49
Cash Conversion 157.35%
Profit Quality 1292.33%
Current Ratio 0.89
Quick Ratio 0.86
Altman-Z 1.36
F-Score6
WACC5.66%
ROIC/WACC0.84
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.89%
Cap/Sales(5y)3.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-76.39%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%13.29%
EPS Next Y252.63%
EPS Next 2Y46.9%
EPS Next 3Y49.9%
EPS Next 5YN/A
Revenue 1Y (TTM)3.87%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%34.52%
Revenue Next Year40.19%
Revenue Next 2Y19.34%
Revenue Next 3Y14.33%
Revenue Next 5Y3.18%
EBIT growth 1Y-52.83%
EBIT growth 3YN/A
EBIT growth 5Y-14.4%
EBIT Next Year400%
EBIT Next 3Y70.24%
EBIT Next 5YN/A
FCF growth 1Y93.93%
FCF growth 3Y-21.05%
FCF growth 5Y-9.2%
OCF growth 1Y92.1%
OCF growth 3Y-20.25%
OCF growth 5Y-9.22%

FIERA MILANO SPA / FM.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FIERA MILANO SPA?

ChartMill assigns a fundamental rating of 4 / 10 to FM.MI.


Can you provide the valuation status for FIERA MILANO SPA?

ChartMill assigns a valuation rating of 5 / 10 to FIERA MILANO SPA (FM.MI). This can be considered as Fairly Valued.


How profitable is FIERA MILANO SPA (FM.MI) stock?

FIERA MILANO SPA (FM.MI) has a profitability rating of 3 / 10.


Can you provide the financial health for FM stock?

The financial health rating of FIERA MILANO SPA (FM.MI) is 3 / 10.


Is the dividend of FIERA MILANO SPA sustainable?

The dividend rating of FIERA MILANO SPA (FM.MI) is 4 / 10 and the dividend payout ratio is 154.46%.