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

BIT:RFG • IT0005466963

Current stock price

4.67 EUR
+0.19 (+4.24%)
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.
  • 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 2025 0 5M -5M 10M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.17%, RFG is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • RFG has a Return On Equity of 8.72%. This is comparable to the rest of the industry: RFG outperforms 50.00% of its industry peers.
  • With a Return On Invested Capital value of 7.72%, RFG perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for RFG is below the industry average of 11.18%.
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 has a Profit Margin of 7.43%. This is in the better half of the industry: RFG outperforms 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of RFG has grown nicely.
  • With a decent Operating Margin value of 10.10%, RFG is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • In the last couple of years the Operating Margin of RFG has grown nicely.
  • RFG has a better Gross Margin (63.27%) than 85.71% 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RFG is creating some value.
  • RFG has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for RFG has been increased compared to 5 years ago.
  • RFG has a worse debt/assets ratio than last year.
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

  • RFG has an Altman-Z score of 3.36. This indicates that RFG is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.36, RFG is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • RFG has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of RFG (0.30) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF N/A
Altman-Z 3.36
ROIC/WACC1.02
WACC7.57%
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

  • RFG has a Current Ratio of 2.02. This indicates that RFG is financially healthy and has no problem in meeting its short term obligations.
  • RFG's Current ratio of 2.02 is amongst the best of the industry. RFG outperforms 85.71% of its industry peers.
  • A Quick Ratio of 0.85 indicates that RFG may have some problems paying its short term obligations.
  • RFG has a Quick ratio (0.85) which is in line with 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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4

3. RFG.MI Growth Analysis

3.1 Past

  • RFG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.37%.
  • 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%.
  • Measured over the past years, RFG shows a quite strong growth in Revenue. The Revenue has been growing by 16.73% on average per year.
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

  • RFG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.10% yearly.
  • RFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.37% yearly.
EPS Next Y5.13%
EPS Next 2Y10.94%
EPS Next 3Y4.1%
EPS Next 5YN/A
Revenue Next Year10.21%
Revenue Next 2Y8.73%
Revenue Next 3Y7.49%
Revenue Next 5Y5.37%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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 2028 0.05 0.1 0.15 0.2 0.25

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2

4. RFG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.35, the valuation of RFG can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of RFG is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.53, RFG is valued at the same level.
  • The Price/Forward Earnings ratio is 22.55, which indicates a rather expensive current valuation of RFG.
  • RFG's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. RFG is more expensive than 64.29% of the companies in the same industry.
  • RFG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 37.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.35
Fwd PE 22.55
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 indicates a slightly more expensive valuation: RFG is more expensive than 64.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.99
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)4.55
PEG (5Y)0.83
EPS Next 2Y10.94%
EPS Next 3Y4.1%

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

3

5. RFG.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.10%, RFG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.22, RFG has a dividend in line with its industry peers.
  • RFG's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.1%

5.2 History

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

5.3 Sustainability

  • RFG pays out 45.27% of its income as dividend. 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 (4/15/2026, 7:00:00 PM)

4.67

+0.19 (+4.24%)

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 Cap127.91M
Revenue(TTM)73.11M
Net Income(TTM)5.43M
Analysts83.33
Price Target6.38 (36.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.1%
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%
Revenue NY rev (3m)2.17%
Valuation
Industry RankSector Rank
PE 23.35
Fwd PE 22.55
P/S 1.75
P/FCF N/A
P/OCF 12.02
P/B 2.05
P/tB 2.79
EV/EBITDA 11.99
EPS(TTM)0.2
EY4.28%
EPS(NY)0.21
Fwd EY4.43%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.39
OCFY8.32%
SpS2.67
BVpS2.27
TBVpS1.67
PEG (NY)4.55
PEG (5Y)0.83
Graham Number3.19834 (-31.51%)
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 3.36
F-Score5
WACC7.57%
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 Year10.21%
Revenue Next 2Y8.73%
Revenue Next 3Y7.49%
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 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.


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 23.35 and the Price/Book (PB) ratio is 2.05.


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.