MARE ENGINEERING GROUP SPA(BIT:MARE) stock Fundamental Analysis

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to MARE. MARE was compared to 30 industry peers in the Professional Services industry. While MARE is still in line with the averages on profitability rating, there are concerns on its financial health. MARE is not valued too expensively and it also shows a decent growth rate.

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1. Profitability

1.1 Basic Checks

MARE had positive earnings in the past year.

1.2 Ratios

MARE has a Return On Assets of 4.12%. This is comparable to the rest of the industry: MARE outperforms 51.72% of its industry peers.

The Return On Equity of MARE (12.12%) is comparable to the rest of the industry.

With a Return On Invested Capital value of 6.21%, MARE perfoms like the industry average, outperforming 44.83% of the companies in the same industry.

MARE had an Average Return On Invested Capital over the past 3 years of 5.61%. This is significantly below the industry average of 11.88%.

The last Return On Invested Capital (6.21%) for MARE is above the 3 year average (5.61%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	4.12%
ROE	12.12%
ROIC	6.21%

ROA(3y)4.74%

ROA(5y)N/A

ROE(3y)17.84%

ROE(5y)N/A

ROIC(3y)5.61%

ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 10.41%, MARE belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.

The Operating Margin of MARE (19.54%) is better than 86.21% of its industry peers.

With an excellent Gross Margin value of 114.15%, MARE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.

		Industry Rank	Sector Rank
OM	19.54%
PM (TTM)	10.41%
GM	114.15%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MARE is destroying value.

MARE has about the same amout of shares outstanding than it did 1 year ago.

Compared to 1 year ago, MARE has a worse debt to assets ratio.

2.2 Solvency

An Altman-Z score of 1.90 indicates that MARE is not a great score, but indicates only limited risk for bankruptcy at the moment.

MARE has a worse Altman-Z score (1.90) than 65.52% of its industry peers.

A Debt/Equity ratio of 1.07 is on the high side and indicates that MARE has dependencies on debt financing.

MARE has a Debt to Equity ratio (1.07) which is in line with its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.07
Debt/FCF	N/A
Altman-Z	1.9

ROIC/WACC0.91

WACC6.8%

2.3 Liquidity

A Current Ratio of 1.46 indicates that MARE should not have too much problems paying its short term obligations.

MARE has a better Current ratio (1.46) than 86.21% of its industry peers.

A Quick Ratio of 1.30 indicates that MARE should not have too much problems paying its short term obligations.

MARE's Quick ratio of 1.30 is fine compared to the rest of the industry. MARE outperforms 75.86% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.46
Quick Ratio	1.3

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for MARE have decreased strongly by -36.57% in the last year.

The Revenue has grown by 8.38% in the past year. This is quite good.

EPS 1Y (TTM)-36.57%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%23250%

Revenue 1Y (TTM)8.38%

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%6.36%

3.2 Future

Based on estimates for the next years, MARE will show a very strong growth in Earnings Per Share. The EPS will grow by 50.32% on average per year.

The Revenue is expected to grow by 34.58% on average over the next years. This is a very strong growth

EPS Next Y60.51%

EPS Next 2Y48.78%

EPS Next 3Y50.32%

EPS Next 5YN/A

Revenue Next Year68.4%

Revenue Next 2Y46.16%

Revenue Next 3Y34.58%

Revenue Next 5YN/A

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

MARE is valuated correctly with a Price/Earnings ratio of 16.35.

72.41% of the companies in the same industry are more expensive than MARE, based on the Price/Earnings ratio.

MARE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.

MARE is valuated reasonably with a Price/Forward Earnings ratio of 9.00.

Based on the Price/Forward Earnings ratio, MARE is valued cheaper than 86.21% of the companies in the same industry.

The average S&P500 Price/Forward Earnings ratio is at 22.10. MARE is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	16.35
Fwd PE	9

4.2 Price Multiples

82.76% of the companies in the same industry are more expensive than MARE, based on the Enterprise Value to EBITDA ratio.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	5.7

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.

A more expensive valuation may be justified as MARE's earnings are expected to grow with 50.32% in the coming years.

PEG (NY)0.27

PEG (5Y)N/A

EPS Next 2Y48.78%

EPS Next 3Y50.32%

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5. Dividend

5.1 Amount

With a yearly dividend of 0.26%, MARE is not a good candidate for dividend investing.

Compared to an average industry Dividend Yield of 2.84, MARE is paying slightly less dividend.

Compared to an average S&P500 Dividend Yield of 2.33, MARE's dividend is way lower than the S&P500 average.

		Industry Rank	Sector Rank
Dividend Yield	0.26%

5.2 History

Dividend Growth(5Y)N/A

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

DPN/A

EPS Next 2Y48.78%

EPS Next 3Y50.32%

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MARE ENGINEERING GROUP SPA

BIT:MARE (3/7/2025, 7:00:00 PM)

3.925

+0.05 (+1.42%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCommercial & Professional Services

GICS IndustryProfessional Services

Earnings (Last)N/A N/A

Earnings (Next)N/A N/A

Inst Owners6.63%

Inst Owner ChangeN/A

Ins Owners47.19%

Ins Owner ChangeN/A

Market Cap58.68M

Analysts85

Price Target7.35 (87.26%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	0.26%

Yearly DividendN/A

Dividend Growth(5Y)N/A

DPN/A

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)12.31%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)10.71%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)-0.55%

Valuation

		Industry Rank	Sector Rank
PE	16.35
Fwd PE	9
P/S	2.08
P/FCF	N/A
P/OCF	N/A
P/B	2.42
P/tB	N/A
EV/EBITDA	5.7

EPS(TTM)0.24

EY6.11%

EPS(NY)0.44

Fwd EY11.11%

FCF(TTM)N/A

FCFYN/A

OCF(TTM)N/A

OCFYN/A

SpS1.89

BVpS1.62

TBVpS-0.34

PEG (NY)0.27

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	4.12%
ROE	12.12%
ROCE	12.43%
ROIC	6.21%
ROICexc	7.08%
ROICexgc	16.83%
OM	19.54%
PM (TTM)	10.41%
GM	114.15%
FCFM	N/A

ROA(3y)4.74%

ROA(5y)N/A

ROE(3y)17.84%

ROE(5y)N/A

ROIC(3y)5.61%

ROIC(5y)N/A

ROICexc(3y)6.21%

ROICexc(5y)N/A

ROICexgc(3y)11%

ROICexgc(5y)N/A

ROCE(3y)10.7%

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

F-ScoreN/A

Asset Turnover0.4

Health

		Industry Rank	Sector Rank
Debt/Equity	1.07
Debt/FCF	N/A
Debt/EBITDA	2.51
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	1.46
Quick Ratio	1.3
Altman-Z	1.9

F-ScoreN/A

WACC6.8%

ROIC/WACC0.91

Cap/Depr(3y)131.41%

Cap/Depr(5y)N/A

Cap/Sales(3y)23.9%

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-36.57%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%23250%

EPS Next Y60.51%

EPS Next 2Y48.78%

EPS Next 3Y50.32%

EPS Next 5YN/A

Revenue 1Y (TTM)8.38%

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%6.36%

Revenue Next Year68.4%

Revenue Next 2Y46.16%

Revenue Next 3Y34.58%

Revenue Next 5YN/A

EBIT growth 1Y26%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year194.35%

EBIT Next 3Y61.37%

EBIT Next 5YN/A

FCF growth 1Y57.17%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y119.63%

OCF growth 3YN/A

OCF growth 5YN/A

MARE ENGINEERING GROUP SPA (MARE.MI) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens