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

BIT:FM • IT0003365613

Current stock price

7.5 EUR
-0.05 (-0.66%)
Last:

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

8

1. FM.MI Profitability Analysis

1.1 Basic Checks

  • FM had positive earnings in the past year.
  • FM had a positive operating cash flow in the past year.
  • FM had positive earnings in 4 of the past 5 years.
  • FM had a positive operating cash flow in each of the past 5 years.
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 2025 0 50M -50M 100M 150M

1.2 Ratios

  • FM has a better Return On Assets (5.46%) than 80.95% of its industry peers.
  • FM has a better Return On Equity (22.63%) than 90.48% of its industry peers.
  • With an excellent Return On Invested Capital value of 10.13%, FM belongs to the best of the industry, outperforming 84.13% of the companies in the same industry.
  • FM had an Average Return On Invested Capital over the past 3 years of 6.86%. This is in line with the industry average of 7.41%.
  • The last Return On Invested Capital (10.13%) for FM is above the 3 year average (6.86%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.46%
ROE 22.63%
ROIC 10.13%
ROA(3y)5.24%
ROA(5y)4.15%
ROE(3y)23.6%
ROE(5y)21.29%
ROIC(3y)6.86%
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 2025 0 20 -20 40 -40

1.3 Margins

  • FM has a better Profit Margin (8.25%) than 84.13% of its industry peers.
  • FM's Operating Margin of 13.59% is amongst the best of the industry. FM outperforms 88.89% of its industry peers.
  • In the last couple of years the Operating Margin of FM has grown nicely.
  • The Gross Margin of FM (51.55%) is comparable to the rest of the industry.
  • FM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.59%
PM (TTM) 8.25%
GM 51.55%
OM growth 3Y60.56%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.14%
GM growth 5Y0.92%
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 2025 0 20 -20 40 -40 60

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6

2. FM.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FM is still creating some value.
  • The number of shares outstanding for FM remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for FM has been reduced compared to 5 years ago.
  • The debt/assets ratio for FM is higher 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 2025 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 2025 200M 400M 600M

2.2 Solvency

  • FM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.27
Altman-Z N/A
ROIC/WACC1.09
WACC9.3%
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 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.02 indicates that FM should not have too much problems paying its short term obligations.
  • FM has a Current ratio of 1.02. This is comparable to the rest of the industry: FM outperforms 55.56% of its industry peers.
  • A Quick Ratio of 1.00 indicates that FM should not have too much problems paying its short term obligations.
  • The Quick ratio of FM (1.00) is better than 60.32% of its industry peers.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 1
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 2025 50M 100M 150M 200M

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5

3. FM.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 106.72% over the past year.
  • The Revenue has grown by 29.02% in the past year. This is a very strong growth!
  • FM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 38.84% yearly.
EPS 1Y (TTM)106.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%891.21%
Revenue 1Y (TTM)29.02%
Revenue growth 3Y19.92%
Revenue growth 5Y38.84%
Sales Q2Q%56.88%

3.2 Future

  • The Earnings Per Share is expected to decrease by -13.74% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 2.19% on average over the next years.
EPS Next Y-38.81%
EPS Next 2Y-0.75%
EPS Next 3Y-13.74%
EPS Next 5YN/A
Revenue Next Year1.59%
Revenue Next 2Y5.96%
Revenue Next 3Y2.19%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less 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 2028 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

  • FM is valuated correctly with a Price/Earnings ratio of 12.93.
  • Based on the Price/Earnings ratio, FM is valued a bit cheaper than 60.32% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FM to the average of the S&P500 Index (26.91), we can say FM is valued rather cheaply.
  • The Price/Forward Earnings ratio is 17.76, which indicates a rather expensive current valuation of FM.
  • FM's Price/Forward Earnings is on the same level as the industry average.
  • FM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.99, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.93
Fwd PE 17.76
FM.MI Price Earnings VS Forward Price EarningsFM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FM is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, FM is valued cheaper than 90.48% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.64
EV/EBITDA 3.4
FM.MI Per share dataFM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The excellent profitability rating of FM may justify a higher PE ratio.
  • FM's earnings are expected to decrease with -13.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.75%
EPS Next 3Y-13.74%

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

5

5. FM.MI Dividend Analysis

5.1 Amount

  • FM has a Yearly Dividend Yield of 3.02%. 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 3.25.
  • Compared to an average S&P500 Dividend Yield of 1.82, FM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.02%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FM pays out 34.65% of its income as dividend. This is a sustainable payout ratio.
DP34.65%
EPS Next 2Y-0.75%
EPS Next 3Y-13.74%
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 2025 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 (4/29/2026, 5:29:51 PM)

7.5

-0.05 (-0.66%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Industry Strength23.65
Industry Growth22
Earnings (Last)03-10
Earnings (Next)05-11
Inst Owners9.15%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap539.40M
Revenue(TTM)497.51M
Net Income(TTM)41.03M
Analysts86.67
Price Target9.18 (22.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.02%
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP34.65%
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)1.12%
PT rev (3m)3.45%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)7.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.73%
Valuation
Industry RankSector Rank
PE 12.93
Fwd PE 17.76
P/S 1.08
P/FCF 3.64
P/OCF 3.44
P/B 2.98
P/tB 8.65
EV/EBITDA 3.4
EPS(TTM)0.58
EY7.73%
EPS(NY)0.42
Fwd EY5.63%
FCF(TTM)2.06
FCFY27.49%
OCF(TTM)2.18
OCFY29.07%
SpS6.92
BVpS2.52
TBVpS0.87
PEG (NY)N/A
PEG (5Y)N/A
Graham Number5.73546 (-23.53%)
Profitability
Industry RankSector Rank
ROA 5.46%
ROE 22.63%
ROCE 13.31%
ROIC 10.13%
ROICexc 15.7%
ROICexgc 24.64%
OM 13.59%
PM (TTM) 8.25%
GM 51.55%
FCFM 29.81%
ROA(3y)5.24%
ROA(5y)4.15%
ROE(3y)23.6%
ROE(5y)21.29%
ROIC(3y)6.86%
ROIC(5y)N/A
ROICexc(3y)9.84%
ROICexc(5y)N/A
ROICexgc(3y)14.63%
ROICexgc(5y)N/A
ROCE(3y)9.02%
ROCE(5y)N/A
ROICexgc growth 3Y117.72%
ROICexgc growth 5YN/A
ROICexc growth 3Y107.82%
ROICexc growth 5YN/A
OM growth 3Y60.56%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.14%
GM growth 5Y0.92%
F-Score8
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.27
Debt/EBITDA 0
Cap/Depr 16.64%
Cap/Sales 1.71%
Interest Coverage 5
Cash Conversion 132.04%
Profit Quality 361.43%
Current Ratio 1.02
Quick Ratio 1
Altman-Z N/A
F-Score8
WACC9.3%
ROIC/WACC1.09
Cap/Depr(3y)12.65%
Cap/Depr(5y)N/A
Cap/Sales(3y)2.06%
Cap/Sales(5y)2.55%
Profit Quality(3y)255.11%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)106.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%891.21%
EPS Next Y-38.81%
EPS Next 2Y-0.75%
EPS Next 3Y-13.74%
EPS Next 5YN/A
Revenue 1Y (TTM)29.02%
Revenue growth 3Y19.92%
Revenue growth 5Y38.84%
Sales Q2Q%56.88%
Revenue Next Year1.59%
Revenue Next 2Y5.96%
Revenue Next 3Y2.19%
Revenue Next 5YN/A
EBIT growth 1Y96.73%
EBIT growth 3Y92.54%
EBIT growth 5YN/A
EBIT Next Year36.54%
EBIT Next 3Y12.67%
EBIT Next 5YN/A
FCF growth 1Y181.01%
FCF growth 3Y76.86%
FCF growth 5YN/A
OCF growth 1Y173.15%
OCF growth 3Y72.32%
OCF growth 5YN/A

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 6 / 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.


Can you provide the profitability details for FIERA MILANO SPA?

FIERA MILANO SPA (FM.MI) has a profitability rating of 8 / 10.


What are the PE and PB ratios of FIERA MILANO SPA (FM.MI) stock?

The Price/Earnings (PE) ratio for FIERA MILANO SPA (FM.MI) is 12.93 and the Price/Book (PB) ratio is 2.98.


What is the financial health of FIERA MILANO SPA (FM.MI) stock?

The financial health rating of FIERA MILANO SPA (FM.MI) is 6 / 10.