FIERA MILANO SPA (FM.MI) Stock Fundamental Analysis
Europe - BIT:FM - IT0003365613 - Common Stock
7.29 EUR
-0.12 (-1.62%)
Taking everything into account, FM scores 3 out of 10 in our fundamental rating. FM was compared to 62 industry peers in the Media industry. FM may be in some trouble as it scores bad on both profitability and health. FM has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
FM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.23%, FM perfoms like the industry average, outperforming 43.55% of the companies in the same industry.
FM has a Return On Equity (5.97%) which is in line with its industry peers.
FM has a Return On Invested Capital (4.75%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for FM is below the industry average of 8.09%.
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 Rank | Sector 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
1.3 Margins
The Profit Margin of FM (2.24%) is comparable to the rest of the industry.
FM's Profit Margin has declined in the last couple of years.
The Operating Margin of FM (7.14%) is comparable to the rest of the industry.
FM's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 54.45%, FM perfoms like the industry average, outperforming 53.23% of the companies in the same industry.
In the last couple of years the Gross Margin of FM has declined.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that FM is in the distress zone and has some risk of bankruptcy.
FM has a Altman-Z score (1.36) which is comparable to the rest of the 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 72.58% 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.
With a Debt to Equity ratio value of 2.01, FM is not doing good in the industry: 79.03% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.01 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.84
WACC5.66%
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.
The Current ratio of FM (0.89) is worse than 61.29% of its industry peers.
FM has a Quick 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.
The Quick ratio of FM (0.86) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for FM have decreased strongly by -80.81% 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 decreased by -0.85% 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)-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 48.32% yearly.
The Revenue is expected to grow by 3.18% on average over the next years.
EPS Next Y221.05%
EPS Next 2Y37.65%
EPS Next 3Y48.32%
EPS Next 5YN/A
Revenue Next Year37.88%
Revenue Next 2Y17.26%
Revenue Next 3Y14.08%
Revenue Next 5Y3.18%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 56.08 indicates a quite expensive valuation of FM.
The rest of the industry has a similar Price/Earnings ratio as FM.
Compared to an average S&P500 Price/Earnings ratio of 27.20, FM is valued quite expensively.
Based on the Price/Forward Earnings ratio of 19.66, the valuation of FM can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as FM.
When comparing the Price/Forward Earnings ratio of FM to the average of the S&P500 Index (22.71), we can say FM is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.08 | ||
| Fwd PE | 19.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FM is valued a bit more expensive than the industry average as 61.29% of the companies are valued more cheaply.
88.71% of the companies in the same industry are more expensive than FM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.41 | ||
| EV/EBITDA | 9.05 |
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 48.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y37.65%
EPS Next 3Y48.32%
5. Dividend
5.1 Amount
FM has a Yearly Dividend Yield of 2.83%.
Compared to an average industry Dividend Yield of 6.05, FM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, FM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
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 2Y37.65%
EPS Next 3Y48.32%
BIT:FM (9/16/2025, 7:00:00 PM)
7.29
-0.12 (-1.62%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners8.82%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap524.30M
Analysts86.67
Price Target8.36 (14.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
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)17.14%
PT rev (3m)30.16%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.67%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)4.9%
Revenue NY rev (3m)8.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.08 | ||
| Fwd PE | 19.66 | ||
| P/S | 1.28 | ||
| P/FCF | 4.41 | ||
| P/OCF | 4.17 | ||
| P/B | 3.4 | ||
| P/tB | 11.88 | ||
| EV/EBITDA | 9.05 |
EPS(TTM)0.13
EY1.78%
EPS(NY)0.37
Fwd EY5.09%
FCF(TTM)1.65
FCFY22.69%
OCF(TTM)1.75
OCFY23.99%
SpS5.71
BVpS2.14
TBVpS0.61
PEG (NY)0.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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
ROICexcg growth 3YN/A
ROICexcg 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 Rank | Sector 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)-80.81%
EPS 3Y-23.61%
EPS 5Y-10.93%
EPS Q2Q%0.91%
EPS Next Y221.05%
EPS Next 2Y37.65%
EPS Next 3Y48.32%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y30.71%
Revenue growth 5Y-0.47%
Sales Q2Q%23.19%
Revenue Next Year37.88%
Revenue Next 2Y17.26%
Revenue Next 3Y14.08%
Revenue Next 5Y3.18%
EBIT growth 1Y-52.83%
EBIT growth 3YN/A
EBIT growth 5Y-14.4%
EBIT Next Year361.24%
EBIT Next 3Y69.66%
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%