FIERA MILANO SPA (FM.MI) Stock Fundamental Analysis
BIT:FM - Euronext Milan - IT0003365613 - Common Stock - Currency: EUR
Overall FM gets a fundamental rating of 5 out of 10. We evaluated FM against 67 industry peers in the Media industry. FM scores excellent on profitability, but there are concerns on its financial health. FM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FM had positive earnings in the past year.
In the past year FM had a positive cash flow from operations.
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.
1.2 Ratios
FM's Return On Assets of 6.95% is amongst the best of the industry. FM outperforms 85.07% of its industry peers.
With an excellent Return On Equity value of 29.86%, FM belongs to the best of the industry, outperforming 91.04% of the companies in the same industry.
FM's Return On Invested Capital of 9.80% is amongst the best of the industry. FM outperforms 83.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.95% | ||
| ROE | 29.86% | ||
| ROIC | 9.8% |
ROA(3y)3.68%
ROA(5y)2.11%
ROE(3y)22.13%
ROE(5y)8.9%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FM has a better Profit Margin (11.60%) than 83.58% of its industry peers.
FM's Profit Margin has improved in the last couple of years.
The Operating Margin of FM (15.01%) is better than 89.55% of its industry peers.
FM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.15%, FM is in the better half of the industry, outperforming 61.19% of the companies in the same industry.
In the last couple of years the Gross Margin of FM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.01% | ||
| PM (TTM) | 11.6% | ||
| GM | 60.15% |
OM growth 3YN/A
OM growth 5Y10.3%
PM growth 3YN/A
PM growth 5Y16.01%
GM growth 3Y9.91%
GM growth 5Y-0.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so FM is creating value.
Compared to 1 year ago, FM has less shares outstanding
FM has more shares outstanding than it did 5 years ago.
FM has a better debt/assets ratio than last year.
2.2 Solvency
FM has an Altman-Z score of 1.46. 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 (1.46) which is in line with its industry peers.
The Debt to FCF ratio of FM is 6.68, which is on the high side as it means it would take FM, 6.68 years of fcf income to pay off all of its debts.
FM has a Debt to FCF ratio (6.68) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.10 is on the high side and indicates that FM has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.10, FM is doing worse than 74.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 6.68 | ||
| Altman-Z | 1.46 |
ROIC/WACC1.97
WACC4.97%
2.3 Liquidity
FM has a Current Ratio of 0.78. 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 (0.78) is worse than 61.19% of its industry peers.
FM has a Quick Ratio of 0.78. 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 Quick ratio, with a value of 0.76, FM is in line with its industry, outperforming 40.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 109.60% over the past year.
The Earnings Per Share has been growing by 18.87% on average over the past years. This is quite good.
The Revenue has grown by 23.76% in the past year. This is a very strong growth!
FM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.80% yearly.
EPS 1Y (TTM)109.6%
EPS 3YN/A
EPS 5Y18.87%
EPS Q2Q%-255.96%
Revenue 1Y (TTM)23.76%
Revenue growth 3Y56.79%
Revenue growth 5Y2.8%
Sales Q2Q%-12.09%
3.2 Future
FM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.45% yearly.
The Revenue is expected to grow by 2.72% on average over the next years.
EPS Next Y-32.14%
EPS Next 2Y45.16%
EPS Next 3Y3.45%
EPS Next 5YN/A
Revenue Next Year-4.69%
Revenue Next 2Y8.82%
Revenue Next 3Y3.71%
Revenue Next 5Y2.72%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
FM is valuated reasonably with a Price/Earnings ratio of 8.45.
Compared to the rest of the industry, the Price/Earnings ratio of FM indicates a somewhat cheap valuation: FM is cheaper than 79.10% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. FM is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 8.34, the valuation of FM can be described as very reasonable.
Based on the Price/Forward Earnings ratio, FM is valued a bit cheaper than the industry average as 79.10% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, FM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.45 | ||
| Fwd PE | 8.34 |
4.2 Price Multiples
FM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FM is cheaper than 62.69% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FM is valued a bit cheaper than the industry average as 74.63% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.98 | ||
| EV/EBITDA | 5.75 |
4.3 Compensation for Growth
The decent profitability rating of FM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y45.16%
EPS Next 3Y3.45%
5. Dividend
5.1 Amount
FM has a Yearly Dividend Yield of 2.79%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.47, FM pays a bit more dividend than its industry peers.
FM's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.79% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y45.16%
EPS Next 3Y3.45%
BIT:FM (3/7/2025, 7:00:00 PM)
5.07
+0.05 (+1%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners8.16%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap364.63M
Analysts86.67
Price Target6.12 (20.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.79% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DPN/A
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)15.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)26.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.45 | ||
| Fwd PE | 8.34 | ||
| P/S | 0.88 | ||
| P/FCF | 5.98 | ||
| P/OCF | 5.54 | ||
| P/B | 2.27 | ||
| P/tB | 6.56 | ||
| EV/EBITDA | 5.75 |
EPS(TTM)0.6
EY11.83%
EPS(NY)0.61
Fwd EY11.99%
FCF(TTM)0.85
FCFY16.72%
OCF(TTM)0.92
OCFY18.06%
SpS5.76
BVpS2.24
TBVpS0.77
PEG (NY)N/A
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.95% | ||
| ROE | 29.86% | ||
| ROCE | 12.18% | ||
| ROIC | 9.8% | ||
| ROICexc | 12.43% | ||
| ROICexgc | 16.83% | ||
| OM | 15.01% | ||
| PM (TTM) | 11.6% | ||
| GM | 60.15% | ||
| FCFM | 14.73% |
ROA(3y)3.68%
ROA(5y)2.11%
ROE(3y)22.13%
ROE(5y)8.9%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y-19.5%
OM growth 3YN/A
OM growth 5Y10.3%
PM growth 3YN/A
PM growth 5Y16.01%
GM growth 3Y9.91%
GM growth 5Y-0.79%
F-Score7
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 6.68 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 9.47% | ||
| Cap/Sales | 1.18% | ||
| Interest Coverage | 4.45 | ||
| Cash Conversion | 57.97% | ||
| Profit Quality | 126.99% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 1.46 |
F-Score7
WACC4.97%
ROIC/WACC1.97
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)2.94%
Cap/Sales(5y)3.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)109.6%
EPS 3YN/A
EPS 5Y18.87%
EPS Q2Q%-255.96%
EPS Next Y-32.14%
EPS Next 2Y45.16%
EPS Next 3Y3.45%
EPS Next 5YN/A
Revenue 1Y (TTM)23.76%
Revenue growth 3Y56.79%
Revenue growth 5Y2.8%
Sales Q2Q%-12.09%
Revenue Next Year-4.69%
Revenue Next 2Y8.82%
Revenue Next 3Y3.71%
Revenue Next 5Y2.72%
EBIT growth 1Y1046.89%
EBIT growth 3YN/A
EBIT growth 5Y13.39%
EBIT Next Year116.94%
EBIT Next 3Y36.62%
EBIT Next 5YN/A
FCF growth 1Y-60.66%
FCF growth 3YN/A
FCF growth 5Y34.57%
OCF growth 1Y-59.21%
OCF growth 3YN/A
OCF growth 5Y33.13%