MAIRE SPA (MAIRE.MI) Stock Fundamental Analysis
BIT:MAIRE - Euronext Milan - IT0004931058 - Common Stock - Currency: EUR
Overall MAIRE gets a fundamental rating of 6 out of 10. We evaluated MAIRE against 45 industry peers in the Construction & Engineering industry. MAIRE has an excellent profitability rating, but there are some minor concerns on its financial health. MAIRE is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make MAIRE suitable for growth investing!
1. Profitability
1.1 Basic Checks
MAIRE had positive earnings in the past year.
In the past year MAIRE had a positive cash flow from operations.
MAIRE had positive earnings in each of the past 5 years.
Of the past 5 years MAIRE 4 years had a positive operating cash flow.
1.2 Ratios
MAIRE has a Return On Assets of 3.90%. This is comparable to the rest of the industry: MAIRE outperforms 55.56% of its industry peers.
Looking at the Return On Equity, with a value of 48.54%, MAIRE belongs to the top of the industry, outperforming 95.56% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 19.36%, MAIRE belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MAIRE is in line with the industry average of 11.01%.
The last Return On Invested Capital (19.36%) for MAIRE is above the 3 year average (10.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 48.54% | ||
| ROIC | 19.36% |
ROA(3y)2.11%
ROA(5y)1.82%
ROE(3y)25.14%
ROE(5y)21.26%
ROIC(3y)10.5%
ROIC(5y)8.43%
1.3 Margins
MAIRE has a Profit Margin of 3.36%. This is comparable to the rest of the industry: MAIRE outperforms 51.11% of its industry peers.
MAIRE's Profit Margin has improved in the last couple of years.
MAIRE's Operating Margin of 5.46% is in line compared to the rest of the industry. MAIRE outperforms 53.33% of its industry peers.
In the last couple of years the Operating Margin of MAIRE has grown nicely.
MAIRE has a Gross Margin of 60.86%. This is in the better half of the industry: MAIRE outperforms 75.56% of its industry peers.
In the last couple of years the Gross Margin of MAIRE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.46% | ||
| PM (TTM) | 3.36% | ||
| GM | 60.86% |
OM growth 3Y2.7%
OM growth 5YN/A
PM growth 3Y4.99%
PM growth 5YN/A
GM growth 3Y-1.67%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MAIRE is creating value.
Compared to 1 year ago, MAIRE has about the same amount of shares outstanding.
MAIRE has a better debt/assets ratio than last year.
2.2 Solvency
MAIRE has an Altman-Z score of 1.93. This is not the best score and indicates that MAIRE is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.93, MAIRE perfoms like the industry average, outperforming 57.78% of the companies in the same industry.
MAIRE has a debt to FCF ratio of 2.28. This is a good value and a sign of high solvency as MAIRE would need 2.28 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.28, MAIRE is doing good in the industry, outperforming 73.33% of the companies in the same industry.
A Debt/Equity ratio of 0.89 indicates that MAIRE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.89, MAIRE perfoms like the industry average, outperforming 42.22% of the companies in the same industry.
Although MAIRE does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.28 | ||
| Altman-Z | 1.93 |
ROIC/WACC2.68
WACC7.23%
2.3 Liquidity
MAIRE has a Current Ratio of 1.12. This is a normal value and indicates that MAIRE is financially healthy and should not expect problems in meeting its short term obligations.
MAIRE's Current ratio of 1.12 is in line compared to the rest of the industry. MAIRE outperforms 51.11% of its industry peers.
MAIRE has a Quick Ratio of 1.12. This is a normal value and indicates that MAIRE is financially healthy and should not expect problems in meeting its short term obligations.
MAIRE has a Quick ratio (1.12) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
MAIRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.56%, which is quite impressive.
Measured over the past years, MAIRE shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.61% on average per year.
MAIRE shows a strong growth in Revenue. In the last year, the Revenue has grown by 37.33%.
The Revenue has been growing by 27.26% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)54.56%
EPS 3Y33.61%
EPS 5YN/A
EPS Q2Q%41.79%
Revenue 1Y (TTM)37.33%
Revenue growth 3Y27.26%
Revenue growth 5YN/A
Sales Q2Q%35.03%
3.2 Future
The Earnings Per Share is expected to grow by 13.02% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.20% on average over the next years. This is quite good.
EPS Next Y17.4%
EPS Next 2Y19.01%
EPS Next 3Y17.46%
EPS Next 5Y13.02%
Revenue Next Year11.94%
Revenue Next 2Y10.56%
Revenue Next 3Y9.13%
Revenue Next 5Y8.2%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MAIRE is valuated correctly with a Price/Earnings ratio of 13.05.
Based on the Price/Earnings ratio, MAIRE is valued a bit cheaper than the industry average as 62.22% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MAIRE to the average of the S&P500 Index (27.30), we can say MAIRE is valued rather cheaply.
A Price/Forward Earnings ratio of 13.48 indicates a correct valuation of MAIRE.
MAIRE's Price/Forward Earnings ratio is in line with the industry average.
MAIRE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.05 | ||
| Fwd PE | 13.48 |
4.2 Price Multiples
MAIRE's Enterprise Value to EBITDA ratio is in line with the industry average.
60.00% of the companies in the same industry are cheaper than MAIRE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.68 | ||
| EV/EBITDA | 8.66 |
4.3 Compensation for Growth
MAIRE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of MAIRE may justify a higher PE ratio.
A more expensive valuation may be justified as MAIRE's earnings are expected to grow with 17.46% in the coming years.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y19.01%
EPS Next 3Y17.46%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.90%, MAIRE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.11, MAIRE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, MAIRE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.9% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MAIRE pays out 28.38% of its income as dividend. This is a sustainable payout ratio.
DP28.38%
EPS Next 2Y19.01%
EPS Next 3Y17.46%
BIT:MAIRE (7/11/2025, 7:00:00 PM)
12.27
+0.01 (+0.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners16.32%
Inst Owner ChangeN/A
Ins Owners55.75%
Ins Owner ChangeN/A
Market Cap4.03B
Analysts83.53
Price Target11.72 (-4.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.9% |
Yearly Dividend0.25
Dividend Growth(5Y)N/A
DP28.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.92%
Min EPS beat(2)-14.44%
Max EPS beat(2)-7.39%
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)0
Avg Revenue beat(2)-4.11%
Min Revenue beat(2)-6.8%
Max Revenue beat(2)-1.42%
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)5.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.25%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.05 | ||
| Fwd PE | 13.48 | ||
| P/S | 0.47 | ||
| P/FCF | 14.68 | ||
| P/OCF | 14.15 | ||
| P/B | 6.77 | ||
| P/tB | 53.63 | ||
| EV/EBITDA | 8.66 |
EPS(TTM)0.94
EY7.66%
EPS(NY)0.91
Fwd EY7.42%
FCF(TTM)0.84
FCFY6.81%
OCF(TTM)0.87
OCFY7.07%
SpS26.21
BVpS1.81
TBVpS0.23
PEG (NY)0.75
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 48.54% | ||
| ROCE | 28.51% | ||
| ROIC | 19.36% | ||
| ROICexc | 19.56% | ||
| ROICexgc | 28.51% | ||
| OM | 5.46% | ||
| PM (TTM) | 3.36% | ||
| GM | 60.86% | ||
| FCFM | 3.19% |
ROA(3y)2.11%
ROA(5y)1.82%
ROE(3y)25.14%
ROE(5y)21.26%
ROIC(3y)10.5%
ROIC(5y)8.43%
ROICexc(3y)32.53%
ROICexc(5y)23.59%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)15.44%
ROCE(5y)12.4%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y47.54%
ROICexc growth 5YN/A
OM growth 3Y2.7%
OM growth 5YN/A
PM growth 3Y4.99%
PM growth 5YN/A
GM growth 3Y-1.67%
GM growth 5YN/A
F-Score8
Asset Turnover1.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 2.28 | ||
| Debt/EBITDA | 1 | ||
| Cap/Depr | 16.87% | ||
| Cap/Sales | 0.12% | ||
| Interest Coverage | 80.5 | ||
| Cash Conversion | 53.65% | ||
| Profit Quality | 95% | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 1.93 |
F-Score8
WACC7.23%
ROIC/WACC2.68
Cap/Depr(3y)15.03%
Cap/Depr(5y)13.98%
Cap/Sales(3y)0.19%
Cap/Sales(5y)0.19%
Profit Quality(3y)242.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.56%
EPS 3Y33.61%
EPS 5YN/A
EPS Q2Q%41.79%
EPS Next Y17.4%
EPS Next 2Y19.01%
EPS Next 3Y17.46%
EPS Next 5Y13.02%
Revenue 1Y (TTM)37.33%
Revenue growth 3Y27.26%
Revenue growth 5YN/A
Sales Q2Q%35.03%
Revenue Next Year11.94%
Revenue Next 2Y10.56%
Revenue Next 3Y9.13%
Revenue Next 5Y8.2%
EBIT growth 1Y41.84%
EBIT growth 3Y30.7%
EBIT growth 5YN/A
EBIT Next Year38.09%
EBIT Next 3Y21.61%
EBIT Next 5Y15.54%
FCF growth 1Y-23.57%
FCF growth 3Y13.26%
FCF growth 5YN/A
OCF growth 1Y-22.93%
OCF growth 3Y13.19%
OCF growth 5YN/A