FIERA MILANO SPA (FM.MI) Stock Fundamental Analysis
Europe - BIT:FM - IT0003365613 - Common Stock
7.34 EUR
-0.11 (-1.41%)
Overall FM gets a fundamental rating of 3 out of 10. We evaluated FM against 70 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
FM had positive earnings in the past year.
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.
1.2 Ratios
FM's Return On Assets of 1.23% is in line compared to the rest of the industry. FM outperforms 40.58% of its industry peers.
Looking at the Return On Equity, with a value of 5.97%, FM is in line with its industry, outperforming 49.28% of the companies in the same industry.
FM's Return On Invested Capital of 4.75% is in line compared to the rest of the industry. FM outperforms 44.93% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FM is below the industry average of 7.74%.
The 3 year average ROIC (3.92%) for FM is below the current ROIC(4.75%), indicating increased profibility in the last year.
| 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
FM has a Profit Margin of 2.24%. This is comparable to the rest of the industry: FM outperforms 44.93% of its industry peers.
In the last couple of years the Profit Margin of FM has declined.
With a Operating Margin value of 7.14%, FM perfoms like the industry average, outperforming 53.62% of the companies in the same industry.
In the last couple of years the Operating Margin of FM has declined.
FM's Gross Margin of 54.45% is in line compared to the rest of the industry. FM outperforms 52.17% of its industry peers.
FM's Gross Margin has declined in the last couple of years.
| 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.
FM has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, FM has an improved debt to assets ratio.
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.
With a Altman-Z score value of 1.36, FM perfoms like the industry average, outperforming 44.93% of the companies in the same industry.
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.
FM has a Debt to FCF ratio of 3.03. This is in the better half of the industry: FM outperforms 73.91% of its industry peers.
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 84.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.01 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.83
WACC5.69%
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.
FM has a worse Current ratio (0.89) than 62.32% 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.
FM's Quick ratio of 0.86 is in line compared to the rest of the industry. FM outperforms 40.58% of its industry peers.
| 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.
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.
Looking at the last year, FM shows a decrease in Revenue. The Revenue has decreased by -0.85% in the last 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
The Earnings Per Share is expected to grow by 48.32% on average over the next years. This is a very strong growth
FM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.18% yearly.
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
Based on the Price/Earnings ratio of 56.46, the valuation of FM can be described as expensive.
Based on the Price/Earnings ratio, FM is valued a bit more expensive than 62.32% of the companies in the same industry.
FM is valuated expensively when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.80, the valuation of FM can be described as rather expensive.
FM's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of FM to the average of the S&P500 Index (22.94), we can say FM is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.46 | ||
| Fwd PE | 19.8 |
4.2 Price Multiples
FM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FM is more expensive than 66.67% of the companies in the same industry.
FM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FM is cheaper than 88.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.44 | ||
| EV/EBITDA | 8.98 |
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 48.32% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y37.65%
EPS Next 3Y48.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.69%, FM has a reasonable but not impressive dividend return.
FM's Dividend Yield is a higher than the industry average which is at 5.48.
Compared to an average S&P500 Dividend Yield of 2.36, FM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
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 2Y37.65%
EPS Next 3Y48.32%
BIT:FM (10/17/2025, 7:00:00 PM)
7.34
-0.11 (-1.41%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners9.31%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap527.89M
Analysts86.67
Price Target8.36 (13.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
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)30.16%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.46 | ||
| Fwd PE | 19.8 | ||
| P/S | 1.29 | ||
| P/FCF | 4.44 | ||
| P/OCF | 4.2 | ||
| P/B | 3.42 | ||
| P/tB | 11.97 | ||
| EV/EBITDA | 8.98 |
EPS(TTM)0.13
EY1.77%
EPS(NY)0.37
Fwd EY5.05%
FCF(TTM)1.65
FCFY22.53%
OCF(TTM)1.75
OCFY23.83%
SpS5.71
BVpS2.14
TBVpS0.61
PEG (NY)0.26
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
WACC5.69%
ROIC/WACC0.83
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 Year372.87%
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%