TECHNOGYM SPA (TGYM.MI) Fundamental Analysis & Valuation

BIT:TGYM • IT0005162406

17.01 EUR
-0.88 (-4.92%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

6

Overall TGYM gets a fundamental rating of 6 out of 10. We evaluated TGYM against 13 industry peers in the Leisure Products industry. TGYM gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, TGYM is valued expensive at the moment. These ratings would make TGYM suitable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. TGYM.MI Profitability Analysis

1.1 Basic Checks

  • In the past year TGYM was profitable.
  • TGYM had a positive operating cash flow in the past year.
  • In the past 5 years TGYM has always been profitable.
  • 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

  • TGYM has a Return On Assets of 12.58%. This is amongst the best in the industry. TGYM outperforms 92.31% of its industry peers.
  • TGYM has a better Return On Equity (37.37%) than 100.00% of its industry peers.
  • TGYM has a better Return On Invested Capital (25.97%) than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TGYM is above the industry average of 10.18%.
  • 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

  • Looking at the Profit Margin, with a value of 10.11%, TGYM belongs to the top 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.
  • TGYM's Operating Margin of 14.48% is amongst the best of the industry. TGYM outperforms 100.00% of its industry peers.
  • TGYM's Operating Margin has declined in the last couple of years.
  • TGYM has a Gross Margin (45.63%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of TGYM has remained more or less at the same level.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. TGYM.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TGYM is creating value.
  • Compared to 1 year ago, TGYM has less shares outstanding
  • TGYM has less shares outstanding than it did 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 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

  • TGYM has an Altman-Z score of 6.63. This indicates that TGYM is financially healthy and has little risk of bankruptcy at the moment.
  • TGYM's Altman-Z score of 6.63 is amongst the best of the industry. TGYM outperforms 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.
  • TGYM's Debt to FCF ratio of 0.75 is amongst the best of the industry. TGYM outperforms 92.31% of its industry peers.
  • A Debt/Equity ratio of 0.27 indicates that TGYM is not too dependend on debt financing.
  • TGYM's Debt to Equity ratio of 0.27 is in line compared to the rest of the industry. TGYM outperforms 53.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.75
Altman-Z 6.63
ROIC/WACC3.25
WACC8%
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 69.23% 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.
  • Looking at the Quick ratio, with a value of 0.79, TGYM is in line with its industry, outperforming 53.85% of the companies in the same 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

More info and screens

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

5

3. TGYM.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.45% over the past year.
  • TGYM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.09% yearly.
  • The Revenue has grown by 14.08% in the past year. This is quite good.
  • TGYM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.17% yearly.
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.
  • 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 Y24.77%
EPS Next 2Y19.77%
EPS Next 3Y17.09%
EPS Next 5YN/A
Revenue Next Year13.84%
Revenue Next 2Y11.21%
Revenue Next 3Y9.93%
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.
  • 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.
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

More info and screens

Find the best growth stocksShow best growing peers

3

4. TGYM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 35.44, the valuation of TGYM can be described as expensive.
  • 69.23% of the companies in the same industry are cheaper than TGYM, based on the Price/Earnings ratio.
  • TGYM is valuated rather expensively when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 26.88 indicates a quite expensive valuation of TGYM.
  • TGYM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. TGYM is more expensive than 69.23% of the companies in the same industry.
  • TGYM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 35.44
Fwd PE 26.88
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

  • Based on the Enterprise Value to EBITDA ratio, TGYM is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGYM indicates a rather cheap valuation: TGYM is cheaper than 84.62% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 31.39
EV/EBITDA 18.14
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)1.43
PEG (5Y)32.45
EPS Next 2Y19.77%
EPS Next 3Y17.09%

More info and screens

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

3

5. TGYM.MI Dividend Analysis

5.1 Amount

  • TGYM has a Yearly Dividend Yield of 1.61%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.03, TGYM is paying slightly less dividend.
  • TGYM's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.61%

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.
  • The dividend of TGYM is growing, but earnings are growing more, so the dividend growth is 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

More info and screens

Find the best dividend stocksShow peers with best dividend

TGYM.MI Fundamentals: All Metrics, Ratios and Statistics

TECHNOGYM SPA

BIT:TGYM (3/3/2026, 7:00:00 PM)

17.01

-0.88 (-4.92%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)11-04
Earnings (Next)03-19
Inst Owners30.75%
Inst Owner ChangeN/A
Ins Owners39.39%
Ins Owner ChangeN/A
Market Cap3.42B
Revenue(TTM)956.70M
Net Income(TTM)96.72M
Analysts75
Price Target17.04 (0.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
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)3.72%
PT rev (3m)9.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.01%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.29%
Valuation
Industry RankSector Rank
PE 35.44
Fwd PE 26.88
P/S 3.58
P/FCF 31.39
P/OCF 21.39
P/B 13.23
P/tB 16.42
EV/EBITDA 18.14
EPS(TTM)0.48
EY2.82%
EPS(NY)0.63
Fwd EY3.72%
FCF(TTM)0.54
FCFY3.19%
OCF(TTM)0.8
OCFY4.67%
SpS4.75
BVpS1.29
TBVpS1.04
PEG (NY)1.43
PEG (5Y)32.45
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%
ROIC/WACC3.25
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 2Y11.21%
Revenue Next 3Y9.93%
Revenue Next 5Y3.53%
EBIT growth 1Y30.36%
EBIT growth 3Y23.18%
EBIT growth 5Y2.28%
EBIT Next Year78.26%
EBIT Next 3Y29.73%
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 35.44 and the Price/Book (PB) ratio is 13.23.


Can you provide the financial health for TGYM stock?

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