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TECHNOGYM SPA (TGYM.MI) Stock Fundamental Analysis

Europe - BIT:TGYM - IT0005162406 - Common Stock

14.04 EUR
+0.12 (+0.86%)
Last: 10/16/2025, 5:35:30 PM
Fundamental Rating

7

TGYM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 16 industry peers in the Leisure Products industry. TGYM gets an excellent profitability rating and is at the same time showing great financial health properties. TGYM is not valued too expensively and it also shows a decent growth rate. These ratings would make TGYM suitable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

TGYM had positive earnings in the past year.
In the past year TGYM had a positive cash flow from operations.
Each year in the past 5 years TGYM has been profitable.
TGYM had a positive operating cash flow in each of the past 5 years.
TGYM.MI Yearly Net Income VS EBIT VS OCF VS FCFTGYM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

TGYM has a better Return On Assets (12.58%) than 93.75% of its industry peers.
With an excellent Return On Equity value of 37.37%, TGYM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
TGYM has a Return On Invested Capital of 25.97%. This is amongst the best in the industry. TGYM outperforms 93.75% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TGYM is above the industry average of 11.61%.
The last Return On Invested Capital (25.97%) for TGYM is above the 3 year average (14.80%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 12.58%
ROE 37.37%
ROIC 25.97%
ROA(3y)8.9%
ROA(5y)8.05%
ROE(3y)20.74%
ROE(5y)19.01%
ROIC(3y)14.8%
ROIC(5y)13%
TGYM.MI Yearly ROA, ROE, ROICTGYM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

1.3 Margins

The Profit Margin of TGYM (10.11%) is better than 93.75% of its industry peers.
In the last couple of years the Profit Margin of TGYM has declined.
TGYM has a better Operating Margin (14.48%) than 87.50% of its industry peers.
TGYM's Operating Margin has declined in the last couple of years.
TGYM has a Gross Margin of 45.63%. This is comparable to the rest of the industry: TGYM outperforms 56.25% of its industry peers.
TGYM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.48%
PM (TTM) 10.11%
GM 45.63%
OM growth 3Y8.23%
OM growth 5Y-3.66%
PM growth 3Y-2.18%
PM growth 5Y-4.96%
GM growth 3Y0.82%
GM growth 5Y-0.66%
TGYM.MI Yearly Profit, Operating, Gross MarginsTGYM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

8

2. Health

2.1 Basic Checks

TGYM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for TGYM has been reduced compared to 1 year ago.
The number of shares outstanding for TGYM has been reduced compared to 5 years ago.
The debt/assets ratio for TGYM has been reduced compared to a year ago.
TGYM.MI Yearly Shares OutstandingTGYM.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
TGYM.MI Yearly Total Debt VS Total AssetsTGYM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

TGYM has an Altman-Z score of 5.69. This indicates that TGYM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.69, TGYM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Debt to FCF ratio of TGYM is 0.75, which is an excellent value as it means it would take TGYM, only 0.75 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.75, TGYM belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
TGYM has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.27, TGYM is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.75
Altman-Z 5.69
ROIC/WACC3.24
WACC8.02%
TGYM.MI Yearly LT Debt VS Equity VS FCFTGYM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.12 indicates that TGYM should not have too much problems paying its short term obligations.
TGYM's Current ratio of 1.12 is on the low side compared to the rest of the industry. TGYM is outperformed by 68.75% of its industry peers.
TGYM has a Quick Ratio of 1.12. This is a bad value and indicates that TGYM is not financially healthy enough and could expect problems in meeting its short term obligations.
TGYM has a Quick ratio (0.79) which is in line with its industry peers.
The current and quick ratio evaluation for TGYM is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.12
Quick Ratio 0.79
TGYM.MI Yearly Current Assets VS Current LiabilitesTGYM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

5

3. Growth

3.1 Past

TGYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.45%, which is quite impressive.
TGYM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.09% yearly.
Looking at the last year, TGYM shows a quite strong growth in Revenue. The Revenue has grown by 14.08% in the last year.
Measured over the past years, TGYM shows a small growth in Revenue. The Revenue has been growing by 6.17% on average per year.
EPS 1Y (TTM)25.45%
EPS 3Y11.74%
EPS 5Y1.09%
EPS Q2Q%31.25%
Revenue 1Y (TTM)14.08%
Revenue growth 3Y13.82%
Revenue growth 5Y6.17%
Sales Q2Q%14.37%

3.2 Future

TGYM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.37% yearly.
Based on estimates for the next years, TGYM will show a small growth in Revenue. The Revenue will grow by 3.53% on average per year.
EPS Next Y22.14%
EPS Next 2Y17.51%
EPS Next 3Y15.37%
EPS Next 5YN/A
Revenue Next Year12.4%
Revenue Next 2Y10.01%
Revenue Next 3Y8.91%
Revenue Next 5Y3.53%

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.
TGYM.MI Yearly Revenue VS EstimatesTGYM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
TGYM.MI Yearly EPS VS EstimatesTGYM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 29.25, TGYM can be considered very expensive at the moment.
TGYM's Price/Earnings ratio is in line with the industry average.
TGYM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 23.04, the valuation of TGYM can be described as rather expensive.
Based on the Price/Forward Earnings ratio, TGYM is valued a bit more expensive than 68.75% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.85. TGYM is around the same levels.
Industry RankSector Rank
PE 29.25
Fwd PE 23.04
TGYM.MI Price Earnings VS Forward Price EarningsTGYM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

TGYM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. TGYM is more expensive than 68.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TGYM is valued cheaper than 81.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.91
EV/EBITDA 13.97
TGYM.MI Per share dataTGYM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

TGYM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TGYM may justify a higher PE ratio.
TGYM's earnings are expected to grow with 15.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)26.78
EPS Next 2Y17.51%
EPS Next 3Y15.37%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.13%, TGYM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.33, TGYM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, TGYM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.13%

5.2 History

The dividend of TGYM is nicely growing with an annual growth rate of 8.92%!
Dividend Growth(5Y)8.92%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

TGYM pays out 163.15% of its income as dividend. This is not a sustainable payout ratio.
The dividend of TGYM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP163.15%
EPS Next 2Y17.51%
EPS Next 3Y15.37%
TGYM.MI Yearly Income VS Free CF VS DividendTGYM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
TGYM.MI Dividend Payout.TGYM.MI Dividend Payout, showing the Payout Ratio.TGYM.MI Dividend Payout.PayoutRetained Earnings

TECHNOGYM SPA

BIT:TGYM (10/16/2025, 5:35:30 PM)

14.04

+0.12 (+0.86%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)07-31 2025-07-31
Earnings (Next)10-29 2025-10-29
Inst Owners31.62%
Inst Owner ChangeN/A
Ins Owners39.39%
Ins Owner ChangeN/A
Market Cap2.83B
Analysts75.29
Price Target14.47 (3.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.13%
Yearly Dividend0.28
Dividend Growth(5Y)8.92%
DP163.15%
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)3.5%
PT rev (3m)10.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.4%
Valuation
Industry RankSector Rank
PE 29.25
Fwd PE 23.04
P/S 2.95
P/FCF 25.91
P/OCF 17.66
P/B 10.92
P/tB 13.56
EV/EBITDA 13.97
EPS(TTM)0.48
EY3.42%
EPS(NY)0.61
Fwd EY4.34%
FCF(TTM)0.54
FCFY3.86%
OCF(TTM)0.8
OCFY5.66%
SpS4.75
BVpS1.29
TBVpS1.04
PEG (NY)1.32
PEG (5Y)26.78
Profitability
Industry RankSector Rank
ROA 12.58%
ROE 37.37%
ROCE 37.71%
ROIC 25.97%
ROICexc 44.57%
ROICexgc 56.9%
OM 14.48%
PM (TTM) 10.11%
GM 45.63%
FCFM 11.4%
ROA(3y)8.9%
ROA(5y)8.05%
ROE(3y)20.74%
ROE(5y)19.01%
ROIC(3y)14.8%
ROIC(5y)13%
ROICexc(3y)27.88%
ROICexc(5y)24.85%
ROICexgc(3y)34.83%
ROICexgc(5y)31.37%
ROCE(3y)20.71%
ROCE(5y)18.14%
ROICexcg growth 3Y8.53%
ROICexcg growth 5Y4.22%
ROICexc growth 3Y11.22%
ROICexc growth 5Y3.2%
OM growth 3Y8.23%
OM growth 5Y-3.66%
PM growth 3Y-2.18%
PM growth 5Y-4.96%
GM growth 3Y0.82%
GM growth 5Y-0.66%
F-Score7
Asset Turnover1.24
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.75
Debt/EBITDA 0.37
Cap/Depr 95.72%
Cap/Sales 5.33%
Interest Coverage 250
Cash Conversion 83.47%
Profit Quality 112.79%
Current Ratio 1.12
Quick Ratio 0.79
Altman-Z 5.69
F-Score7
WACC8.02%
ROIC/WACC3.24
Cap/Depr(3y)82.01%
Cap/Depr(5y)78.3%
Cap/Sales(3y)4.66%
Cap/Sales(5y)4.66%
Profit Quality(3y)116.09%
Profit Quality(5y)133.76%
High Growth Momentum
Growth
EPS 1Y (TTM)25.45%
EPS 3Y11.74%
EPS 5Y1.09%
EPS Q2Q%31.25%
EPS Next Y22.14%
EPS Next 2Y17.51%
EPS Next 3Y15.37%
EPS Next 5YN/A
Revenue 1Y (TTM)14.08%
Revenue growth 3Y13.82%
Revenue growth 5Y6.17%
Sales Q2Q%14.37%
Revenue Next Year12.4%
Revenue Next 2Y10.01%
Revenue Next 3Y8.91%
Revenue Next 5Y3.53%
EBIT growth 1Y30.36%
EBIT growth 3Y23.18%
EBIT growth 5Y2.28%
EBIT Next Year74.76%
EBIT Next 3Y27.99%
EBIT Next 5Y17.08%
FCF growth 1Y20.87%
FCF growth 3Y20.23%
FCF growth 5Y3.12%
OCF growth 1Y25.65%
OCF growth 3Y18.58%
OCF growth 5Y2.74%