TECHNOGYM SPA (TGYM.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:TGYM • IT0005162406

17.875 EUR
-0.04 (-0.2%)
Last: Feb 3, 2026, 10:25 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to TGYM. TGYM was compared to 15 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 valied quite expensively at the moment, while it does show a decent growth rate. These ratings could make TGYM a good candidate 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.
  • TGYM had positive earnings in each of the past 5 years.
  • Each year in the past 5 years TGYM had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 12.58%, TGYM belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 37.37%, TGYM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • TGYM's Return On Invested Capital of 25.97% is amongst the best of the industry. TGYM outperforms 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TGYM is above the industry average of 9.94%.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • With an excellent Profit Margin value of 10.11%, TGYM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TGYM has declined.
  • The Operating Margin of TGYM (14.48%) is better than 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of TGYM has declined.
  • TGYM has a Gross Margin (45.63%) which is in line with 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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8

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TGYM is creating value.
  • TGYM has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TGYM has less shares outstanding
  • 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 6.63 indicates that TGYM is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TGYM (6.63) is better than 100.00% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 0.75, TGYM belongs to the top of the industry, outperforming 93.33% 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.
  • With a Debt to Equity ratio value of 0.27, TGYM perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.75
Altman-Z 6.63
ROIC/WACC3.22
WACC8.06%
TGYM.MI Yearly LT Debt VS Equity VS FCFTGYM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

  • TGYM has a Current Ratio of 1.12. This is a normal value and indicates that TGYM is financially healthy and should not expect problems in meeting its short term obligations.
  • TGYM has a Current ratio of 1.12. This is in the lower half of the industry: TGYM underperforms 66.67% of its industry peers.
  • A Quick Ratio of 0.79 indicates that TGYM may have some problems paying its short term obligations.
  • The Quick ratio of TGYM (0.79) is comparable to the rest of the industry.
  • TGYM does not score too well on the current and quick ratio evaluation. However, as it has 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.45% over the past year.
  • The Earnings Per Share has been growing slightly by 1.09% on average over the past years.
  • TGYM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.08%.
  • The Revenue has been growing slightly by 6.17% on average over the past years.
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 17.09% yearly.
  • The Revenue is expected to grow by 3.53% on average over the next years.
EPS Next Y24.77%
EPS Next 2Y19.77%
EPS Next 3Y17.09%
EPS Next 5YN/A
Revenue Next Year13.84%
Revenue Next 2Y11.16%
Revenue Next 3Y9.9%
Revenue Next 5Y3.53%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
TGYM.MI Yearly Revenue VS EstimatesTGYM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 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

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3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 37.24, TGYM can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, TGYM is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 28.41. TGYM is valued slightly more expensive when compared to this.
  • With a Price/Forward Earnings ratio of 28.24, TGYM can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, TGYM is valued a bit more expensive than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.64. TGYM is around the same levels.
Industry RankSector Rank
PE 37.24
Fwd PE 28.24
TGYM.MI Price Earnings VS Forward Price EarningsTGYM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 73.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TGYM is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 32.99
EV/EBITDA 18.16
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

  • The 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 17.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.5
PEG (5Y)34.1
EPS Next 2Y19.77%
EPS Next 3Y17.09%

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3

5. Dividend

5.1 Amount

  • TGYM has a Yearly Dividend Yield of 1.72%.
  • TGYM's Dividend Yield is slightly below the industry average, which is at 2.40.
  • Compared to an average S&P500 Dividend Yield of 1.83, TGYM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.72%

5.2 History

  • On average, the dividend of TGYM grows each year by 8.92%, which is quite nice.
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.
  • TGYM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP163.15%
EPS Next 2Y19.77%
EPS Next 3Y17.09%
TGYM.MI Yearly Income VS Free CF VS DividendTGYM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 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

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TECHNOGYM SPA

BIT:TGYM (2/3/2026, 10:25:16 AM)

17.875

-0.04 (-0.2%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)11-04
Earnings (Next)05-06
Inst Owners30.75%
Inst Owner ChangeN/A
Ins Owners39.39%
Ins Owner ChangeN/A
Market Cap3.60B
Revenue(TTM)956.70M
Net Income(TTM)96.72M
Analysts75
Price Target16.43 (-8.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.72%
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)1.79%
PT rev (3m)10.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.18%
EPS NY rev (3m)2.16%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.28%
Valuation
Industry RankSector Rank
PE 37.24
Fwd PE 28.24
P/S 3.76
P/FCF 32.99
P/OCF 22.48
P/B 13.9
P/tB 17.26
EV/EBITDA 18.16
EPS(TTM)0.48
EY2.69%
EPS(NY)0.63
Fwd EY3.54%
FCF(TTM)0.54
FCFY3.03%
OCF(TTM)0.8
OCFY4.45%
SpS4.75
BVpS1.29
TBVpS1.04
PEG (NY)1.5
PEG (5Y)34.1
Graham Number3.73
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%
ROICexgc growth 3Y8.53%
ROICexgc 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 6.63
F-Score7
WACC8.06%
ROIC/WACC3.22
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 Y24.77%
EPS Next 2Y19.77%
EPS Next 3Y17.09%
EPS Next 5YN/A
Revenue 1Y (TTM)14.08%
Revenue growth 3Y13.82%
Revenue growth 5Y6.17%
Sales Q2Q%14.37%
Revenue Next Year13.84%
Revenue Next 2Y11.16%
Revenue Next 3Y9.9%
Revenue Next 5Y3.53%
EBIT growth 1Y30.36%
EBIT growth 3Y23.18%
EBIT growth 5Y2.28%
EBIT Next Year78.26%
EBIT Next 3Y29.68%
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%

TECHNOGYM SPA / TGYM.MI FAQ

Can you provide the ChartMill fundamental rating for TECHNOGYM SPA?

ChartMill assigns a fundamental rating of 6 / 10 to TGYM.MI.


What is the valuation status of TECHNOGYM SPA (TGYM.MI) stock?

ChartMill assigns a valuation rating of 3 / 10 to TECHNOGYM SPA (TGYM.MI). This can be considered as Overvalued.


How profitable is TECHNOGYM SPA (TGYM.MI) stock?

TECHNOGYM SPA (TGYM.MI) has a profitability rating of 8 / 10.


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

The Price/Earnings (PE) ratio for TECHNOGYM SPA (TGYM.MI) is 37.24 and the Price/Book (PB) ratio is 13.9.


Can you provide the financial health for TGYM stock?

The financial health rating of TECHNOGYM SPA (TGYM.MI) is 8 / 10.