FIERA MILANO SPA (FM.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:FM • IT0003365613

7.06 EUR
-0.02 (-0.28%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, FM scores 4 out of 10 in our fundamental rating. FM was compared to 68 industry peers in the Media industry. FM has a medium profitability rating, but doesn't score so well on its financial health evaluation. FM has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year FM was profitable.
  • FM had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: FM reported negative net income in multiple 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

  • The Return On Assets of FM (1.23%) is comparable to the rest of the industry.
  • FM's Return On Equity of 5.97% is in line compared to the rest of the industry. FM outperforms 51.47% of its industry peers.
  • With a Return On Invested Capital value of 4.75%, FM perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
  • FM had an Average Return On Invested Capital over the past 3 years of 3.92%. This is below the industry average of 7.91%.
  • The 3 year average ROIC (3.92%) for FM is below the current ROIC(4.75%), indicating increased profibility in the last year.
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 of 2.24%. This is comparable to the rest of the industry: FM outperforms 51.47% of its industry peers.
  • FM's Profit Margin has declined in the last couple of years.
  • FM has a Operating Margin (7.14%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of FM has declined.
  • FM has a Gross Margin of 54.45%. This is in the better half of the industry: FM outperforms 60.29% of its industry peers.
  • In the last couple of years the Gross Margin of FM has declined.
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. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FM is destroying value.
  • Compared to 1 year ago, FM has less shares outstanding
  • The number of shares outstanding for FM remains at a similar level compared to 5 years ago.
  • FM has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.34, we must say that FM is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.34, FM is in line with its industry, outperforming 48.53% of the companies in the same industry.
  • The Debt to FCF ratio of FM is 3.03, which is a good value as it means it would take FM, 3.03 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 3.03, FM is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • FM has a Debt/Equity ratio of 2.01. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of FM (2.01) is worse than 72.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.01
Debt/FCF 3.03
Altman-Z 1.34
ROIC/WACC0.84
WACC5.64%
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 42.65% 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's Quick ratio of 0.86 is in line compared to the rest of the industry. FM outperforms 48.53% of 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

3

3. Growth

3.1 Past

  • FM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -80.81%.
  • Measured over the past years, FM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.93% on average per year.
  • FM shows a decrease in Revenue. In the last year, the revenue decreased by -0.85%.
  • Measured over the past years, FM shows a decrease in Revenue. The Revenue has been decreasing by -0.47% on average per year.
EPS 1Y (TTM)-80.81%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%0.91%
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%23.19%

3.2 Future

  • FM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 49.90% yearly.
  • FM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.18% yearly.
EPS Next Y242.11%
EPS Next 2Y41.42%
EPS Next 3Y49.9%
EPS Next 5YN/A
Revenue Next Year40.19%
Revenue Next 2Y17.74%
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 54.31, which means the current valuation is very expensive for FM.
  • Compared to the rest of the industry, the Price/Earnings ratio of FM indicates a slightly more expensive valuation: FM is more expensive than 61.76% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, FM is valued quite expensively.
  • FM is valuated rather expensively with a Price/Forward Earnings ratio of 18.04.
  • FM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FM is more expensive than 60.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, FM is valued a bit cheaper.
Industry RankSector Rank
PE 54.31
Fwd PE 18.04
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

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FM.
  • Based on the Price/Free Cash Flow ratio, FM is valued cheaply inside the industry as 91.18% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.27
EV/EBITDA 8.73
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.
  • A more expensive valuation may be justified as FM's earnings are expected to grow with 49.90% in the coming years.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y41.42%
EPS Next 3Y49.9%

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

4

5. Dividend

5.1 Amount

  • FM has a Yearly Dividend Yield of 2.82%. Purely for dividend investing, there may be better candidates out there.
  • FM's Dividend Yield is a higher than the industry average which is at 2.27.
  • Compared to an average S&P500 Dividend Yield of 1.81, FM pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.82%

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

  • 154.46% of the earnings are spent on dividend by FM. This is not a sustainable payout ratio.
  • FM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP154.46%
EPS Next 2Y41.42%
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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FIERA MILANO SPA

BIT:FM (2/6/2026, 7:00:00 PM)

7.06

-0.02 (-0.28%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)11-13
Earnings (Next)03-10
Inst Owners9.06%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap507.76M
Revenue(TTM)410.42M
Net Income(TTM)9.21M
Analysts86.67
Price Target8.87 (25.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.82%
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)0%
PT rev (3m)6.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)6.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.68%
Valuation
Industry RankSector Rank
PE 54.31
Fwd PE 18.04
P/S 1.24
P/FCF 4.27
P/OCF 4.04
P/B 3.29
P/tB 11.51
EV/EBITDA 8.73
EPS(TTM)0.13
EY1.84%
EPS(NY)0.39
Fwd EY5.54%
FCF(TTM)1.65
FCFY23.43%
OCF(TTM)1.75
OCFY24.77%
SpS5.71
BVpS2.14
TBVpS0.61
PEG (NY)0.22
PEG (5Y)N/A
Graham Number2.5
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 1.34
F-Score6
WACC5.64%
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)-80.81%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%0.91%
EPS Next Y242.11%
EPS Next 2Y41.42%
EPS Next 3Y49.9%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%23.19%
Revenue Next Year40.19%
Revenue Next 2Y17.74%
Revenue Next 3Y14.33%
Revenue Next 5Y3.18%
EBIT growth 1Y-52.83%
EBIT growth 3YN/A
EBIT growth 5Y-14.4%
EBIT Next Year385.29%
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 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 4 / 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 4 / 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%.