RACING FORCE SPA (RFG.MI) Fundamental Analysis & Valuation

BIT:RFG • IT0005466963

Current stock price

4.77 EUR
+0.15 (+3.25%)
Last:

This RFG.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. RFG.MI Profitability Analysis

1.1 Basic Checks

  • RFG had positive earnings in the past year.
  • In the past year RFG had a positive cash flow from operations.
  • RFG had positive earnings in each of the past 5 years.
  • In the past 5 years RFG always reported a positive cash flow from operatings.
RFG.MI Yearly Net Income VS EBIT VS OCF VS FCFRFG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 0 5M -5M 10M

1.2 Ratios

  • RFG's Return On Assets of 5.17% is in line compared to the rest of the industry. RFG outperforms 60.00% of its industry peers.
  • The Return On Equity of RFG (8.72%) is comparable to the rest of the industry.
  • RFG has a Return On Invested Capital (7.72%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for RFG is below the industry average of 11.43%.
Industry RankSector Rank
ROA 5.17%
ROE 8.72%
ROIC 7.72%
ROA(3y)5.91%
ROA(5y)6.97%
ROE(3y)9.39%
ROE(5y)12.56%
ROIC(3y)8.16%
ROIC(5y)9.81%
RFG.MI Yearly ROA, ROE, ROICRFG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • RFG's Profit Margin of 7.43% is fine compared to the rest of the industry. RFG outperforms 73.33% of its industry peers.
  • RFG's Profit Margin has improved in the last couple of years.
  • RFG's Operating Margin of 10.10% is fine compared to the rest of the industry. RFG outperforms 73.33% of its industry peers.
  • RFG's Operating Margin has improved in the last couple of years.
  • RFG has a Gross Margin of 63.27%. This is amongst the best in the industry. RFG outperforms 100.00% of its industry peers.
  • RFG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 10.1%
PM (TTM) 7.43%
GM 63.27%
OM growth 3Y-12.28%
OM growth 5Y3.67%
PM growth 3Y-16.64%
PM growth 5Y13.08%
GM growth 3Y0.42%
GM growth 5Y1.17%
RFG.MI Yearly Profit, Operating, Gross MarginsRFG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. RFG.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RFG is still creating some value.
  • RFG has less shares outstanding than it did 1 year ago.
  • RFG has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for RFG is higher compared to a year ago.
RFG.MI Yearly Shares OutstandingRFG.MI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
RFG.MI Yearly Total Debt VS Total AssetsRFG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

2.2 Solvency

  • An Altman-Z score of 3.39 indicates that RFG is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of RFG (3.39) is better than 73.33% of its industry peers.
  • RFG has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
  • RFG has a Debt to Equity ratio (0.30) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF N/A
Altman-Z 3.39
ROIC/WACC1.02
WACC7.58%
RFG.MI Yearly LT Debt VS Equity VS FCFRFG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 20M 40M 60M

2.3 Liquidity

  • A Current Ratio of 2.02 indicates that RFG has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 2.02, RFG belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
  • A Quick Ratio of 0.85 indicates that RFG may have some problems paying its short term obligations.
  • RFG's Quick ratio of 0.85 is in line compared to the rest of the industry. RFG outperforms 53.33% of its industry peers.
Industry RankSector Rank
Current Ratio 2.02
Quick Ratio 0.85
RFG.MI Yearly Current Assets VS Current LiabilitesRFG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. RFG.MI Growth Analysis

3.1 Past

  • The earnings per share for RFG have decreased by -6.37% in the last year.
  • The Earnings Per Share has been growing by 28.27% on average over the past years. This is a very strong growth
  • RFG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.35%.
  • The Revenue has been growing by 16.73% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.37%
EPS 3Y-14.55%
EPS 5Y28.27%
EPS Q2Q%187.84%
Revenue 1Y (TTM)11.35%
Revenue growth 3Y7.49%
Revenue growth 5Y16.73%
Sales Q2Q%20.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.10% on average over the next years.
  • Based on estimates for the next years, RFG will show a small growth in Revenue. The Revenue will grow by 5.37% on average per year.
EPS Next Y5.13%
EPS Next 2Y10.94%
EPS Next 3Y4.1%
EPS Next 5YN/A
Revenue Next Year11.21%
Revenue Next 2Y8.93%
Revenue Next 3Y8.08%
Revenue Next 5Y5.37%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
RFG.MI Yearly Revenue VS EstimatesRFG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20M 40M 60M 80M
RFG.MI Yearly EPS VS EstimatesRFG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 0.05 0.1 0.15 0.2 0.25

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1

4. RFG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.85 indicates a rather expensive valuation of RFG.
  • The rest of the industry has a similar Price/Earnings ratio as RFG.
  • Compared to an average S&P500 Price/Earnings ratio of 27.42, RFG is valued at the same level.
  • A Price/Forward Earnings ratio of 23.04 indicates a rather expensive valuation of RFG.
  • Based on the Price/Forward Earnings ratio, RFG is valued a bit more expensive than 60.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.29, RFG is valued at the same level.
Industry RankSector Rank
PE 23.85
Fwd PE 23.04
RFG.MI Price Earnings VS Forward Price EarningsRFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 60.00% of the companies in the same industry are cheaper than RFG, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.23
RFG.MI Per share dataRFG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates RFG does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of RFG may justify a higher PE ratio.
PEG (NY)4.65
PEG (5Y)0.84
EPS Next 2Y10.94%
EPS Next 3Y4.1%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. RFG.MI Dividend Analysis

5.1 Amount

  • RFG has a Yearly Dividend Yield of 1.95%.
  • Compared to an average industry Dividend Yield of 3.39, RFG is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.81, RFG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.95%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 45.27% of the earnings are spent on dividend by RFG. This is a bit on the high side, but may be sustainable.
DP45.27%
EPS Next 2Y10.94%
EPS Next 3Y4.1%
RFG.MI Yearly Income VS Free CF VS DividendRFG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 2025 0 2M -2M 4M -4M 6M
RFG.MI Dividend Payout.RFG.MI Dividend Payout, showing the Payout Ratio.RFG.MI Dividend Payout.PayoutRetained Earnings

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RFG.MI Fundamentals: All Metrics, Ratios and Statistics

RACING FORCE SPA

BIT:RFG (4/22/2026, 7:00:00 PM)

4.77

+0.15 (+3.25%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners18.67%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap130.65M
Revenue(TTM)73.11M
Net Income(TTM)5.43M
Analysts83.33
Price Target6.38 (33.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.95%
Yearly Dividend0.09
Dividend Growth(5Y)N/A
DP45.27%
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)0.81%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.82%
EPS NY rev (3m)-6.82%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)3.09%
Valuation
Industry RankSector Rank
PE 23.85
Fwd PE 23.04
P/S 1.79
P/FCF N/A
P/OCF 12.28
P/B 2.1
P/tB 2.85
EV/EBITDA 12.23
EPS(TTM)0.2
EY4.19%
EPS(NY)0.21
Fwd EY4.34%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.39
OCFY8.15%
SpS2.67
BVpS2.27
TBVpS1.67
PEG (NY)4.65
PEG (5Y)0.84
Graham Number3.19834 (-32.95%)
Profitability
Industry RankSector Rank
ROA 5.17%
ROE 8.72%
ROCE 9.4%
ROIC 7.72%
ROICexc 8.28%
ROICexgc 10.53%
OM 10.1%
PM (TTM) 7.43%
GM 63.27%
FCFM N/A
ROA(3y)5.91%
ROA(5y)6.97%
ROE(3y)9.39%
ROE(5y)12.56%
ROIC(3y)8.16%
ROIC(5y)9.81%
ROICexc(3y)9.09%
ROICexc(5y)12.19%
ROICexgc(3y)12.04%
ROICexgc(5y)17.79%
ROCE(3y)9.69%
ROCE(5y)11.92%
ROICexgc growth 3Y-27.12%
ROICexgc growth 5Y-8.36%
ROICexc growth 3Y-23.21%
ROICexc growth 5Y-2.07%
OM growth 3Y-12.28%
OM growth 5Y3.67%
PM growth 3Y-16.64%
PM growth 5Y13.08%
GM growth 3Y0.42%
GM growth 5Y1.17%
F-Score5
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF N/A
Debt/EBITDA 1.61
Cap/Depr 314.63%
Cap/Sales 18.59%
Interest Coverage 250
Cash Conversion 90.9%
Profit Quality N/A
Current Ratio 2.02
Quick Ratio 0.85
Altman-Z 3.39
F-Score5
WACC7.58%
ROIC/WACC1.02
Cap/Depr(3y)258.46%
Cap/Depr(5y)208.48%
Cap/Sales(3y)14.08%
Cap/Sales(5y)10.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.37%
EPS 3Y-14.55%
EPS 5Y28.27%
EPS Q2Q%187.84%
EPS Next Y5.13%
EPS Next 2Y10.94%
EPS Next 3Y4.1%
EPS Next 5YN/A
Revenue 1Y (TTM)11.35%
Revenue growth 3Y7.49%
Revenue growth 5Y16.73%
Sales Q2Q%20.42%
Revenue Next Year11.21%
Revenue Next 2Y8.93%
Revenue Next 3Y8.08%
Revenue Next 5Y5.37%
EBIT growth 1Y13.83%
EBIT growth 3Y-5.71%
EBIT growth 5Y21.02%
EBIT Next Year89.5%
EBIT Next 3Y31.48%
EBIT Next 5Y23.51%
FCF growth 1Y-99.92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y40.32%
OCF growth 3Y49.95%
OCF growth 5Y35.08%

RACING FORCE SPA / RFG.MI Fundamental Analysis FAQ

What is the fundamental rating for RFG stock?

ChartMill assigns a fundamental rating of 4 / 10 to RFG.MI.


What is the valuation status for RFG stock?

ChartMill assigns a valuation rating of 2 / 10 to RACING FORCE SPA (RFG.MI). This can be considered as Overvalued.


What is the profitability of RFG stock?

RACING FORCE SPA (RFG.MI) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for RFG stock?

The Price/Earnings (PE) ratio for RACING FORCE SPA (RFG.MI) is 23.85 and the Price/Book (PB) ratio is 2.1.


Can you provide the expected EPS growth for RFG stock?

The Earnings per Share (EPS) of RACING FORCE SPA (RFG.MI) is expected to grow by 5.13% in the next year.