MAIRE SPA (MAIRE.MI) Stock Fundamental Analysis
BIT:MAIRE - Euronext Milan - IT0004931058 - Common Stock - Currency: EUR
Taking everything into account, MAIRE scores 6 out of 10 in our fundamental rating. MAIRE was compared to 40 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of MAIRE get a neutral evaluation. Nothing too spectacular is happening here. MAIRE has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! Finally MAIRE also has an excellent dividend rating. These ratings could make MAIRE a good candidate for value and dividend and growth investing.
1. Profitability
1.1 Basic Checks
In the past year MAIRE was profitable.
MAIRE had a positive operating cash flow in the past year.
1.2 Ratios
The Return On Assets of MAIRE (3.82%) is better than 62.50% of its industry peers.
MAIRE has a better Return On Equity (45.78%) than 87.50% of its industry peers.
The Return On Invested Capital of MAIRE (16.81%) is better than 82.50% of its industry peers.
MAIRE had an Average Return On Invested Capital over the past 3 years of 8.70%. This is significantly below the industry average of 20.73%.
The 3 year average ROIC (8.70%) for MAIRE is below the current ROIC(16.81%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.82% | ||
| ROE | 45.78% | ||
| ROIC | 16.81% |
ROA(3y)1.75%
ROA(5y)N/A
ROE(3y)19.66%
ROE(5y)N/A
ROIC(3y)8.7%
ROIC(5y)N/A
1.3 Margins
MAIRE has a Profit Margin of 3.34%. This is comparable to the rest of the industry: MAIRE outperforms 55.00% of its industry peers.
In the last couple of years the Profit Margin of MAIRE has grown nicely.
Looking at the Operating Margin, with a value of 5.00%, MAIRE is in line with its industry, outperforming 47.50% of the companies in the same industry.
In the last couple of years the Operating Margin of MAIRE has grown nicely.
MAIRE has a Gross Margin of 62.47%. This is in the better half of the industry: MAIRE outperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of MAIRE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5% | ||
| PM (TTM) | 3.34% | ||
| GM | 62.47% |
OM growth 3Y17.21%
OM growth 5YN/A
PM growth 3Y9.61%
PM growth 5YN/A
GM growth 3Y-4.46%
GM growth 5YN/A
2. Health
2.1 Basic Checks
MAIRE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
MAIRE has about the same amout of shares outstanding than it did 1 year ago.
MAIRE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.80, we must say that MAIRE is in the distress zone and has some risk of bankruptcy.
MAIRE has a Altman-Z score of 1.80. This is comparable to the rest of the industry: MAIRE outperforms 50.00% of its industry peers.
The Debt to FCF ratio of MAIRE is 1.39, which is an excellent value as it means it would take MAIRE, only 1.39 years of fcf income to pay off all of its debts.
MAIRE has a Debt to FCF ratio of 1.39. This is amongst the best in the industry. MAIRE outperforms 82.50% of its industry peers.
A Debt/Equity ratio of 0.91 indicates that MAIRE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.91, MAIRE is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
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 | 0.91 | ||
| Debt/FCF | 1.39 | ||
| Altman-Z | 1.8 |
ROIC/WACC2.49
WACC6.74%
2.3 Liquidity
A Current Ratio of 1.12 indicates that MAIRE should not have too much problems paying its short term obligations.
The Current ratio of MAIRE (1.12) is comparable to the rest of the industry.
A Quick Ratio of 1.12 indicates that MAIRE should not have too much problems paying its short term obligations.
MAIRE has a Quick ratio of 1.12. This is comparable to the rest of the industry: MAIRE outperforms 60.00% of 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 65.59%, which is quite impressive.
The Earnings Per Share has been growing by 29.45% on average over the past years. This is a very strong growth
Looking at the last year, MAIRE shows a very strong growth in Revenue. The Revenue has grown by 29.78%.
MAIRE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.10% yearly.
EPS 1Y (TTM)65.59%
EPS 3Y29.45%
EPS 5YN/A
EPS Q2Q%56.59%
Revenue 1Y (TTM)29.78%
Revenue growth 3Y18.1%
Revenue growth 5YN/A
Sales Q2Q%34.7%
3.2 Future
Based on estimates for the next years, MAIRE will show a very strong growth in Earnings Per Share. The EPS will grow by 26.36% on average per year.
The Revenue is expected to grow by 14.82% on average over the next years. This is quite good.
EPS Next Y74.78%
EPS Next 2Y45.83%
EPS Next 3Y36.52%
EPS Next 5Y26.36%
Revenue Next Year42.35%
Revenue Next 2Y27.36%
Revenue Next 3Y21.12%
Revenue Next 5Y14.82%
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.
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
A Price/Earnings ratio of 10.51 indicates a reasonable valuation of MAIRE.
Compared to the rest of the industry, the Price/Earnings ratio of MAIRE indicates a somewhat cheap valuation: MAIRE is cheaper than 72.50% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. MAIRE is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.41, the valuation of MAIRE can be described as very reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as MAIRE.
MAIRE is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.51 | ||
| Fwd PE | 10.41 |
4.2 Price Multiples
MAIRE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MAIRE is cheaper than 67.50% of the companies in the same industry.
75.00% of the companies in the same industry are more expensive than MAIRE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.5 | ||
| EV/EBITDA | 4.79 |
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.
MAIRE's earnings are expected to grow with 36.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y45.83%
EPS Next 3Y36.52%
5. Dividend
5.1 Amount
MAIRE has a Yearly Dividend Yield of 4.42%, which is a nice return.
MAIRE's Dividend Yield is rather good when compared to the industry average which is at 3.65. MAIRE pays more dividend than 82.50% of the companies in the same industry.
MAIRE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
27.91% of the earnings are spent on dividend by MAIRE. This is a low number and sustainable payout ratio.
DP27.91%
EPS Next 2Y45.83%
EPS Next 3Y36.52%
BIT:MAIRE (3/7/2025, 7:00:00 PM)
8.195
+0.13 (+1.67%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners17.1%
Inst Owner ChangeN/A
Ins Owners55.75%
Ins Owner ChangeN/A
Market Cap2.69B
Analysts83.53
Price Target10.48 (27.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP27.91%
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)6.81%
PT rev (3m)13.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)-2.27%
Revenue NY rev (3m)-2.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.51 | ||
| Fwd PE | 10.41 | ||
| P/S | 0.35 | ||
| P/FCF | 6.5 | ||
| P/OCF | 6.35 | ||
| P/B | 4.83 | ||
| P/tB | 46.18 | ||
| EV/EBITDA | 4.79 |
EPS(TTM)0.78
EY9.52%
EPS(NY)0.79
Fwd EY9.61%
FCF(TTM)1.26
FCFY15.39%
OCF(TTM)1.29
OCFY15.74%
SpS23.22
BVpS1.7
TBVpS0.18
PEG (NY)0.14
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.82% | ||
| ROE | 45.78% | ||
| ROCE | 24.09% | ||
| ROIC | 16.81% | ||
| ROICexc | 52.31% | ||
| ROICexgc | 2711.7% | ||
| OM | 5% | ||
| PM (TTM) | 3.34% | ||
| GM | 62.47% | ||
| FCFM | 5.43% |
ROA(3y)1.75%
ROA(5y)N/A
ROE(3y)19.66%
ROE(5y)N/A
ROIC(3y)8.7%
ROIC(5y)N/A
ROICexc(3y)23.3%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)12.59%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y71.67%
ROICexc growth 5YN/A
OM growth 3Y17.21%
OM growth 5YN/A
PM growth 3Y9.61%
PM growth 5YN/A
GM growth 3Y-4.46%
GM growth 5YN/A
F-Score9
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | 1.39 | ||
| Debt/EBITDA | 1.14 | ||
| Cap/Depr | 15.05% | ||
| Cap/Sales | 0.12% | ||
| Interest Coverage | 66.42 | ||
| Cash Conversion | 95.42% | ||
| Profit Quality | 162.38% | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 1.8 |
F-Score9
WACC6.74%
ROIC/WACC2.49
Cap/Depr(3y)15.4%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.21%
Cap/Sales(5y)N/A
Profit Quality(3y)271.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.59%
EPS 3Y29.45%
EPS 5YN/A
EPS Q2Q%56.59%
EPS Next Y74.78%
EPS Next 2Y45.83%
EPS Next 3Y36.52%
EPS Next 5Y26.36%
Revenue 1Y (TTM)29.78%
Revenue growth 3Y18.1%
Revenue growth 5YN/A
Sales Q2Q%34.7%
Revenue Next Year42.35%
Revenue Next 2Y27.36%
Revenue Next 3Y21.12%
Revenue Next 5Y14.82%
EBIT growth 1Y19.54%
EBIT growth 3Y38.42%
EBIT growth 5YN/A
EBIT Next Year87.31%
EBIT Next 3Y36.04%
EBIT Next 5Y26.52%
FCF growth 1Y32.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y34.06%
OCF growth 3YN/A
OCF growth 5YN/A