MAIRE SPA (MAIRE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:MAIRE - IT0004931058 - Common Stock
14.34 EUR
+0.09 (+0.63%)
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 only an average score on both its financial health and profitability. 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
- In the past year MAIRE was profitable.
- MAIRE had a positive operating cash flow in the past year.
- Each year in the past 5 years MAIRE has been profitable.
- MAIRE had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- MAIRE's Return On Assets of 4.36% is in line compared to the rest of the industry. MAIRE outperforms 53.49% of its industry peers.
- MAIRE has a Return On Equity of 59.79%. This is amongst the best in the industry. MAIRE outperforms 95.35% of its industry peers.
- MAIRE's Return On Invested Capital of 23.21% is amongst the best of the industry. MAIRE outperforms 88.37% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MAIRE is in line with the industry average of 11.32%.
- The last Return On Invested Capital (23.21%) for MAIRE is above the 3 year average (10.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.36% | ||
| ROE | 59.79% | ||
| ROIC | 23.21% |
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's Profit Margin of 3.49% is in line compared to the rest of the industry. MAIRE outperforms 44.19% of its industry peers.
- In the last couple of years the Profit Margin of MAIRE has grown nicely.
- The Operating Margin of MAIRE (5.78%) is worse than 60.47% of its industry peers.
- In the last couple of years the Operating Margin of MAIRE has grown nicely.
- MAIRE has a better Gross Margin (58.70%) than 69.77% of its industry peers.
- MAIRE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.78% | ||
| PM (TTM) | 3.49% | ||
| GM | 58.7% |
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.
- The number of shares outstanding for MAIRE remains at a similar level compared to 1 year ago.
- MAIRE has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.07 indicates that MAIRE is not a great score, but indicates only limited risk for bankruptcy at the moment.
- MAIRE has a better Altman-Z score (2.07) than 60.47% of its industry peers.
- MAIRE has a debt to FCF ratio of 2.79. This is a good value and a sign of high solvency as MAIRE would need 2.79 years to pay back of all of its debts.
- MAIRE's Debt to FCF ratio of 2.79 is fine compared to the rest of the industry. MAIRE outperforms 72.09% of its industry peers.
- A Debt/Equity ratio of 0.91 indicates that MAIRE is somewhat dependend on debt financing.
- MAIRE's Debt to Equity ratio of 0.91 is in line compared to the rest of the industry. MAIRE outperforms 44.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | 2.79 | ||
| Altman-Z | 2.07 |
ROIC/WACC3.18
WACC7.3%
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.
- With a Current ratio value of 1.12, MAIRE perfoms like the industry average, outperforming 53.49% of the companies in the same 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 in the better half of the industry: MAIRE outperforms 67.44% 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 41.98%, which is quite impressive.
- The Earnings Per Share has been growing by 33.61% 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 32.25%.
- MAIRE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.26% yearly.
EPS 1Y (TTM)41.98%
EPS 3Y33.61%
EPS 5YN/A
EPS Q2Q%44.68%
Revenue 1Y (TTM)32.25%
Revenue growth 3Y27.26%
Revenue growth 5YN/A
Sales Q2Q%18.64%
3.2 Future
- MAIRE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.73% yearly.
- MAIRE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.84% yearly.
EPS Next Y30.59%
EPS Next 2Y21.96%
EPS Next 3Y19.29%
EPS Next 5Y15.73%
Revenue Next Year17.63%
Revenue Next 2Y12.11%
Revenue Next 3Y9.98%
Revenue Next 5Y7.84%
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 rather expensively with a Price/Earnings ratio of 18.38.
- Based on the Price/Earnings ratio, MAIRE is valued a bit more expensive than the industry average as 60.47% of the companies are valued more cheaply.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, MAIRE is valued a bit cheaper.
- The Price/Forward Earnings ratio is 15.00, which indicates a correct valuation of MAIRE.
- 65.12% of the companies in the same industry are cheaper than MAIRE, based on the Price/Forward Earnings ratio.
- MAIRE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.38 | ||
| Fwd PE | 15 |
4.2 Price Multiples
- MAIRE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MAIRE is cheaper than 69.77% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as MAIRE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.1 | ||
| EV/EBITDA | 6.69 |
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.
- MAIRE's earnings are expected to grow with 19.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.6
PEG (5Y)N/A
EPS Next 2Y21.96%
EPS Next 3Y19.29%
5. Dividend
5.1 Amount
- MAIRE has a Yearly Dividend Yield of 2.50%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.33, MAIRE has a dividend in line with its industry peers.
- MAIRE's Dividend Yield is a higher than the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 39.17% of the earnings are spent on dividend by MAIRE. This is a low number and sustainable payout ratio.
DP39.17%
EPS Next 2Y21.96%
EPS Next 3Y19.29%
MAIRE SPA / MAIRE.MI FAQ
Can you provide the ChartMill fundamental rating for MAIRE SPA?
ChartMill assigns a fundamental rating of 6 / 10 to MAIRE.MI.
Can you provide the valuation status for MAIRE SPA?
ChartMill assigns a valuation rating of 4 / 10 to MAIRE SPA (MAIRE.MI). This can be considered as Fairly Valued.
What is the profitability of MAIRE stock?
MAIRE SPA (MAIRE.MI) has a profitability rating of 6 / 10.
How financially healthy is MAIRE SPA?
The financial health rating of MAIRE SPA (MAIRE.MI) is 6 / 10.
What is the earnings growth outlook for MAIRE SPA?
The Earnings per Share (EPS) of MAIRE SPA (MAIRE.MI) is expected to grow by 30.59% in the next year.