ITALMOBILIARE SPA (ITM.MI) Stock Fundamental Analysis
BIT:ITM - Euronext Milan - IT0005253205 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to ITM. ITM was compared to 15 industry peers in the Industrial Conglomerates industry. ITM has an average financial health and profitability rating. ITM is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
ITM had positive earnings in the past year.
ITM had a positive operating cash flow in the past year.
ITM had positive earnings in each of the past 5 years.
ITM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ITM's Return On Assets of 5.22% is in line compared to the rest of the industry. ITM outperforms 53.33% of its industry peers.
Looking at the Return On Equity, with a value of 8.20%, ITM is doing worse than 60.00% of the companies in the same industry.
ITM's Return On Invested Capital of 5.06% is in line compared to the rest of the industry. ITM outperforms 46.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ITM is below the industry average of 7.16%.
The last Return On Invested Capital (5.06%) for ITM is above the 3 year average (4.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.22% | ||
| ROE | 8.2% | ||
| ROIC | 5.06% |
ROA(3y)3.66%
ROA(5y)3.56%
ROE(3y)5.16%
ROE(5y)5.06%
ROIC(3y)4.52%
ROIC(5y)4.78%
1.3 Margins
ITM's Profit Margin of 18.33% is fine compared to the rest of the industry. ITM outperforms 80.00% of its industry peers.
ITM's Profit Margin has improved in the last couple of years.
ITM has a Operating Margin of 17.85%. This is in the better half of the industry: ITM outperforms 73.33% of its industry peers.
In the last couple of years the Operating Margin of ITM has grown nicely.
Looking at the Gross Margin, with a value of 63.64%, ITM belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
In the last couple of years the Gross Margin of ITM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.85% | ||
| PM (TTM) | 18.33% | ||
| GM | 63.64% |
OM growth 3Y-9.3%
OM growth 5Y5.55%
PM growth 3Y-1.43%
PM growth 5Y13.7%
GM growth 3Y2.28%
GM growth 5Y3.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ITM is destroying value.
The number of shares outstanding for ITM remains at a similar level compared to 1 year ago.
The number of shares outstanding for ITM has been increased compared to 5 years ago.
Compared to 1 year ago, ITM has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.21 indicates that ITM is not a great score, but indicates only limited risk for bankruptcy at the moment.
ITM has a Altman-Z score (2.21) which is in line with its industry peers.
The Debt to FCF ratio of ITM is 16.82, which is on the high side as it means it would take ITM, 16.82 years of fcf income to pay off all of its debts.
ITM has a Debt to FCF ratio (16.82) which is in line with its industry peers.
ITM has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.12, ITM belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 16.82 | ||
| Altman-Z | 2.21 |
ROIC/WACC0.67
WACC7.57%
2.3 Liquidity
ITM has a Current Ratio of 1.78. This is a normal value and indicates that ITM is financially healthy and should not expect problems in meeting its short term obligations.
ITM has a Current ratio of 1.78. This is in the better half of the industry: ITM outperforms 73.33% of its industry peers.
ITM has a Quick Ratio of 1.54. This is a normal value and indicates that ITM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ITM (1.54) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 586.38% over the past year.
The Earnings Per Share has been growing by 18.99% on average over the past years. This is quite good.
ITM shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.37%.
ITM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.81% yearly.
EPS 1Y (TTM)586.38%
EPS 3Y-0.91%
EPS 5Y18.99%
EPS Q2Q%7052.07%
Revenue 1Y (TTM)24.37%
Revenue growth 3Y0.59%
Revenue growth 5Y4.81%
Sales Q2Q%18.45%
3.2 Future
Based on estimates for the next years, ITM will show a very strong growth in Earnings Per Share. The EPS will grow by 22.73% on average per year.
The Revenue is expected to grow by 10.83% on average over the next years. This is quite good.
EPS Next Y46.68%
EPS Next 2Y27.13%
EPS Next 3Y22.73%
EPS Next 5YN/A
Revenue Next Year20.35%
Revenue Next 2Y13.12%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
With a Price/Earnings ratio of 9.19, the valuation of ITM can be described as very reasonable.
73.33% of the companies in the same industry are more expensive than ITM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.35. ITM is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 10.35, the valuation of ITM can be described as reasonable.
ITM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ITM is cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, ITM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.19 | ||
| Fwd PE | 10.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ITM is valued a bit cheaper than 73.33% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as ITM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.79 | ||
| EV/EBITDA | 6.41 |
4.3 Compensation for Growth
ITM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ITM has a very decent profitability rating, which may justify a higher PE ratio.
ITM's earnings are expected to grow with 22.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.2
PEG (5Y)0.48
EPS Next 2Y27.13%
EPS Next 3Y22.73%
5. Dividend
5.1 Amount
ITM has a Yearly Dividend Yield of 2.97%.
Compared to an average industry Dividend Yield of 3.70, ITM has a dividend in line with its industry peers.
ITM's Dividend Yield is a higher than the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.97% |
5.2 History
The dividend of ITM is nicely growing with an annual growth rate of 12.50%!
Dividend Growth(5Y)12.5%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ITM pays out 125.95% of its income as dividend. This is not a sustainable payout ratio.
ITM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP125.95%
EPS Next 2Y27.13%
EPS Next 3Y22.73%
BIT:ITM (3/7/2025, 7:00:00 PM)
25.45
-1.5 (-5.57%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)
Earnings (Next)
Inst Owners19.58%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.08B
Analysts86.67
Price Target39.27 (54.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.97% |
Yearly Dividend0.99
Dividend Growth(5Y)12.5%
DP125.95%
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)24.39%
EPS NY rev (3m)20.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.19 | ||
| Fwd PE | 10.35 | ||
| P/S | 1.69 | ||
| P/FCF | 47.79 | ||
| P/OCF | 11.08 | ||
| P/B | 0.76 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | 6.41 |
EPS(TTM)2.77
EY10.88%
EPS(NY)2.46
Fwd EY9.66%
FCF(TTM)0.53
FCFY2.09%
OCF(TTM)2.3
OCFY9.02%
SpS15.02
BVpS33.58
TBVpS18.92
PEG (NY)0.2
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.22% | ||
| ROE | 8.2% | ||
| ROCE | 6.19% | ||
| ROIC | 5.06% | ||
| ROICexc | 5.97% | ||
| ROICexgc | 9.93% | ||
| OM | 17.85% | ||
| PM (TTM) | 18.33% | ||
| GM | 63.64% | ||
| FCFM | 3.55% |
ROA(3y)3.66%
ROA(5y)3.56%
ROE(3y)5.16%
ROE(5y)5.06%
ROIC(3y)4.52%
ROIC(5y)4.78%
ROICexc(3y)5.79%
ROICexc(5y)6.47%
ROICexgc(3y)9.84%
ROICexgc(5y)10.68%
ROCE(3y)5.53%
ROCE(5y)5.85%
ROICexcg growth 3Y-17.15%
ROICexcg growth 5Y6.66%
ROICexc growth 3Y-15.13%
ROICexc growth 5Y3.99%
OM growth 3Y-9.3%
OM growth 5Y5.55%
PM growth 3Y-1.43%
PM growth 5Y13.7%
GM growth 3Y2.28%
GM growth 5Y3.05%
F-Score6
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 16.82 | ||
| Debt/EBITDA | 1.09 | ||
| Cap/Depr | 159% | ||
| Cap/Sales | 11.75% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.58% | ||
| Profit Quality | 19.35% | ||
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 2.21 |
F-Score6
WACC7.57%
ROIC/WACC0.67
Cap/Depr(3y)159.71%
Cap/Depr(5y)122.08%
Cap/Sales(3y)10.19%
Cap/Sales(5y)7.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)586.38%
EPS 3Y-0.91%
EPS 5Y18.99%
EPS Q2Q%7052.07%
EPS Next Y46.68%
EPS Next 2Y27.13%
EPS Next 3Y22.73%
EPS Next 5YN/A
Revenue 1Y (TTM)24.37%
Revenue growth 3Y0.59%
Revenue growth 5Y4.81%
Sales Q2Q%18.45%
Revenue Next Year20.35%
Revenue Next 2Y13.12%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
EBIT growth 1Y125.83%
EBIT growth 3Y-8.76%
EBIT growth 5Y10.63%
EBIT Next Year76.9%
EBIT Next 3Y36.87%
EBIT Next 5YN/A
FCF growth 1Y803.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y130.28%
OCF growth 3Y-6.99%
OCF growth 5Y33.99%