FIERA MILANO SPA (FM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FM - IT0003365613 - Common Stock
7.9 EUR
-0.02 (-0.25%)
We assign a fundamental rating of 3 out of 10 to FM. FM was compared to 68 industry peers in the Media industry. FM has a bad profitability rating. Also its financial health evaluation is rather negative. FM has a valuation in line with the averages, but it does not seem to be growing.
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.
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 has a Return On Assets of 1.23%. This is in the lower half of the industry: FM underperforms 61.43% of its industry peers.
Looking at the Return On Equity, with a value of 5.97%, FM is in line with its industry, outperforming 44.29% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.75%, FM is in line with its industry, outperforming 42.86% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FM is below the industry average of 8.03%.
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
FM has a Profit Margin (2.24%) which is in line with its industry peers.
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 54.29% 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
FM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FM has less shares outstanding than it did 1 year ago.
FM has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for FM has been reduced compared to a year ago.
2.2 Solvency
FM has an Altman-Z score of 1.40. This is a bad value and indicates that FM is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FM (1.40) 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.
The Debt to FCF ratio of FM (3.03) is better than 72.86% 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's Debt to Equity ratio of 2.01 is on the low side compared to the rest of the industry. FM is outperformed by 74.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.01 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 1.4 |
ROIC/WACC0.83
WACC5.74%
2.3 Liquidity
A Current Ratio of 0.89 indicates that FM may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.89, FM is doing worse than 60.00% 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 has a Quick ratio of 0.86. This is comparable to the rest of the industry: FM outperforms 42.86% 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.
The earnings per share for FM have been decreasing by -10.93% on average. This is quite bad
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
Based on estimates for the next years, FM will show a very strong growth in Earnings Per Share. The EPS will grow by 49.90% on average per year.
The Revenue is expected to grow by 3.18% on average over the next years.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 60.77, 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 62.86% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.49, FM is valued quite expensively.
With a Price/Forward Earnings ratio of 20.18, FM is valued on the expensive side.
61.43% of the companies in the same industry are cheaper than FM, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.69. FM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.77 | ||
| Fwd PE | 20.18 |
4.2 Price Multiples
65.71% of the companies in the same industry are cheaper than FM, based on the Enterprise Value to EBITDA ratio.
84.29% 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 | 4.78 | ||
| EV/EBITDA | 9.49 |
4.3 Compensation for Growth
The 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 49.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y41.42%
EPS Next 3Y49.9%
5. Dividend
5.1 Amount
FM has a Yearly Dividend Yield of 2.53%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.03, FM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, FM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
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.
The dividend of FM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP154.46%
EPS Next 2Y41.42%
EPS Next 3Y49.9%
BIT:FM (12/5/2025, 7:00:00 PM)
7.9
-0.02 (-0.25%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners9.14%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap568.17M
Revenue(TTM)410.42M
Net Income(TTM)9.21M
Analysts86.67
Price Target8.87 (12.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
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)6.1%
PT rev (3m)24.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.56%
EPS NY rev (3m)6.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.68%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.77 | ||
| Fwd PE | 20.18 | ||
| P/S | 1.38 | ||
| P/FCF | 4.78 | ||
| P/OCF | 4.52 | ||
| P/B | 3.68 | ||
| P/tB | 12.88 | ||
| EV/EBITDA | 9.49 |
EPS(TTM)0.13
EY1.65%
EPS(NY)0.39
Fwd EY4.95%
FCF(TTM)1.65
FCFY20.94%
OCF(TTM)1.75
OCFY22.14%
SpS5.71
BVpS2.14
TBVpS0.61
PEG (NY)0.25
PEG (5Y)N/A
Graham Number2.5
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
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 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 | 1.4 |
F-Score6
WACC5.74%
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 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 3 / 10 to FM.MI.
What is the valuation status for FM stock?
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 3 / 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 60.77 and the Price/Book (PB) ratio is 3.68.
How financially healthy is FIERA MILANO SPA?
The financial health rating of FIERA MILANO SPA (FM.MI) is 3 / 10.