RACING FORCE SPA (RFG.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:RFG • IT0005466963

5.14 EUR
+0.25 (+5.11%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to RFG. RFG was compared to 15 industry peers in the Leisure Products industry. RFG has only an average score on both its financial health and profitability. RFG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year RFG was profitable.
  • RFG had a positive operating cash flow in the past year.
  • Each year in the past 5 years RFG has been profitable.
  • Each year in the past 5 years RFG had a positive operating cash flow.
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 0 5M -5M

1.2 Ratios

  • With a Return On Assets value of 5.11%, RFG perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • RFG has a Return On Equity of 7.75%. This is comparable to the rest of the industry: RFG outperforms 53.33% of its industry peers.
  • RFG has a Return On Invested Capital (7.66%) which is comparable to the rest of the industry.
  • RFG had an Average Return On Invested Capital over the past 3 years of 10.50%. This is in line with the industry average of 9.94%.
Industry RankSector Rank
ROA 5.11%
ROE 7.75%
ROIC 7.66%
ROA(3y)7.77%
ROA(5y)6.56%
ROE(3y)13.39%
ROE(5y)14.13%
ROIC(3y)10.5%
ROIC(5y)9.82%
RFG.MI Yearly ROA, ROE, ROICRFG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • RFG has a better Profit Margin (6.94%) than 73.33% of its industry peers.
  • RFG's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of RFG (9.37%) is better than 66.67% of its industry peers.
  • RFG's Operating Margin has declined in the last couple of years.
  • The Gross Margin of RFG (61.19%) is better than 93.33% of its industry peers.
  • In the last couple of years the Gross Margin of RFG has remained more or less at the same level.
Industry RankSector Rank
OM 9.37%
PM (TTM) 6.94%
GM 61.19%
OM growth 3Y-5.92%
OM growth 5YN/A
PM growth 3Y-0.53%
PM growth 5YN/A
GM growth 3Y1.31%
GM growth 5YN/A
RFG.MI Yearly Profit, Operating, Gross MarginsRFG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 20 40 60

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6

2. Health

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.
  • The number of shares outstanding for RFG has been increased compared to 1 year ago.
  • The debt/assets ratio for RFG has been reduced compared to a year ago.
RFG.MI Yearly Shares OutstandingRFG.MI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 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 20M 40M 60M 80M

2.2 Solvency

  • RFG has an Altman-Z score of 4.26. This indicates that RFG is financially healthy and has little risk of bankruptcy at the moment.
  • RFG has a Altman-Z score of 4.26. This is in the better half of the industry: RFG outperforms 80.00% of its industry peers.
  • RFG has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.15, RFG belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Altman-Z 4.26
ROIC/WACC0.98
WACC7.84%
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 0 20M 40M 60M

2.3 Liquidity

  • A Current Ratio of 2.27 indicates that RFG has no problem at all paying its short term obligations.
  • RFG has a Current ratio of 2.27. This is amongst the best in the industry. RFG outperforms 93.33% of its industry peers.
  • RFG has a Quick Ratio of 1.09. This is a normal value and indicates that RFG is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of RFG (1.09) is better than 86.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.27
Quick Ratio 1.09
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 10M 20M 30M 40M 50M

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4

3. Growth

3.1 Past

  • The earnings per share for RFG have decreased strongly by -15.00% in the last year.
  • The Earnings Per Share has been growing slightly by 6.19% on average over the past years.
  • RFG shows a small growth in Revenue. In the last year, the Revenue has grown by 6.35%.
  • Measured over the past years, RFG shows a quite strong growth in Revenue. The Revenue has been growing by 12.24% on average per year.
EPS 1Y (TTM)-15%
EPS 3Y6.19%
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)6.35%
Revenue growth 3Y12.24%
Revenue growth 5YN/A
Sales Q2Q%2.63%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.86% on average over the next years. This is quite good.
  • RFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.00% yearly.
EPS Next Y18.18%
EPS Next 2Y15.47%
EPS Next 3Y14.86%
EPS Next 5YN/A
Revenue Next Year8.54%
Revenue Next 2Y8.21%
Revenue Next 3Y7.68%
Revenue Next 5Y6%

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 accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 0.05 0.1 0.15 0.2 0.25

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 30.24 indicates a quite expensive valuation of RFG.
  • The rest of the industry has a similar Price/Earnings ratio as RFG.
  • The average S&P500 Price/Earnings ratio is at 28.25. RFG is around the same levels.
  • A Price/Forward Earnings ratio of 23.13 indicates a rather expensive valuation of RFG.
  • The rest of the industry has a similar Price/Forward Earnings ratio as RFG.
  • When comparing the Price/Forward Earnings ratio of RFG to the average of the S&P500 Index (27.50), we can say RFG is valued inline with the index average.
Industry RankSector Rank
PE 30.24
Fwd PE 23.13
RFG.MI Price Earnings VS Forward Price EarningsRFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RFG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.76
RFG.MI Per share dataRFG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

  • RFG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of RFG may justify a higher PE ratio.
  • A more expensive valuation may be justified as RFG's earnings are expected to grow with 14.86% in the coming years.
PEG (NY)1.66
PEG (5Y)N/A
EPS Next 2Y15.47%
EPS Next 3Y14.86%

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2

5. Dividend

5.1 Amount

  • RFG has a Yearly Dividend Yield of 1.81%.
  • Compared to an average industry Dividend Yield of 2.40, RFG is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, RFG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.81%

5.2 History

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

5.3 Sustainability

  • RFG pays out 53.12% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP53.12%
EPS Next 2Y15.47%
EPS Next 3Y14.86%
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 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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RACING FORCE SPA

BIT:RFG (2/4/2026, 7:00:00 PM)

5.14

+0.25 (+5.11%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap140.78M
Revenue(TTM)67.00M
Net Income(TTM)4.65M
Analysts83.33
Price Target6.32 (22.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.81%
Yearly Dividend0.09
Dividend Growth(5Y)N/A
DP53.12%
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%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 30.24
Fwd PE 23.13
P/S 2.1
P/FCF N/A
P/OCF 17.4
P/B 2.35
P/tB 3.2
EV/EBITDA 13.76
EPS(TTM)0.17
EY3.31%
EPS(NY)0.22
Fwd EY4.32%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)0.3
OCFY5.75%
SpS2.45
BVpS2.19
TBVpS1.61
PEG (NY)1.66
PEG (5Y)N/A
Graham Number2.89
Profitability
Industry RankSector Rank
ROA 5.11%
ROE 7.75%
ROCE 9.1%
ROIC 7.66%
ROICexc 8.35%
ROICexgc 11.08%
OM 9.37%
PM (TTM) 6.94%
GM 61.19%
FCFM N/A
ROA(3y)7.77%
ROA(5y)6.56%
ROE(3y)13.39%
ROE(5y)14.13%
ROIC(3y)10.5%
ROIC(5y)9.82%
ROICexc(3y)12.4%
ROICexc(5y)12.33%
ROICexgc(3y)17.58%
ROICexgc(5y)18.89%
ROCE(3y)12.59%
ROCE(5y)12.36%
ROICexgc growth 3Y-22.01%
ROICexgc growth 5YN/A
ROICexc growth 3Y-16.1%
ROICexc growth 5YN/A
OM growth 3Y-5.92%
OM growth 5YN/A
PM growth 3Y-0.53%
PM growth 5YN/A
GM growth 3Y1.31%
GM growth 5YN/A
F-Score6
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Debt/EBITDA 0.91
Cap/Depr 303.89%
Cap/Sales 17.51%
Interest Coverage 250
Cash Conversion 79.78%
Profit Quality N/A
Current Ratio 2.27
Quick Ratio 1.09
Altman-Z 4.26
F-Score6
WACC7.84%
ROIC/WACC0.98
Cap/Depr(3y)209.31%
Cap/Depr(5y)155.56%
Cap/Sales(3y)10.39%
Cap/Sales(5y)7.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15%
EPS 3Y6.19%
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y18.18%
EPS Next 2Y15.47%
EPS Next 3Y14.86%
EPS Next 5YN/A
Revenue 1Y (TTM)6.35%
Revenue growth 3Y12.24%
Revenue growth 5YN/A
Sales Q2Q%2.63%
Revenue Next Year8.54%
Revenue Next 2Y8.21%
Revenue Next 3Y7.68%
Revenue Next 5Y6%
EBIT growth 1Y-2.48%
EBIT growth 3Y5.6%
EBIT growth 5YN/A
EBIT Next Year88.52%
EBIT Next 3Y34.98%
EBIT Next 5Y22.22%
FCF growth 1Y38.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y630.34%
OCF growth 3Y19.38%
OCF growth 5YN/A

RACING FORCE SPA / RFG.MI FAQ

What is the fundamental rating for RFG stock?

ChartMill assigns a fundamental rating of 5 / 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.


Can you provide the profitability details for RACING FORCE SPA?

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


What is the financial health of RACING FORCE SPA (RFG.MI) stock?

The financial health rating of RACING FORCE SPA (RFG.MI) is 6 / 10.


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 18.18% in the next year.