TECHNOGYM SPA (TGYM.MI) Stock Fundamental Analysis
BIT:TGYM - Euronext Milan - IT0005162406 - Common Stock - Currency: EUR
Taking everything into account, TGYM scores 6 out of 10 in our fundamental rating. TGYM was compared to 15 industry peers in the Leisure Products industry. TGYM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. TGYM is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
TGYM had positive earnings in the past year.
TGYM had a positive operating cash flow in the past year.
In the past 5 years TGYM has always been profitable.
In the past 5 years TGYM always reported a positive cash flow from operatings.
1.2 Ratios
TGYM has a Return On Assets of 9.34%. This is in the better half of the industry: TGYM outperforms 80.00% of its industry peers.
Looking at the Return On Equity, with a value of 23.57%, TGYM is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 16.74%, TGYM is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TGYM is in line with the industry average of 12.80%.
The 3 year average ROIC (13.37%) for TGYM is below the current ROIC(16.74%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.34% | ||
| ROE | 23.57% | ||
| ROIC | 16.74% |
ROA(3y)8.45%
ROA(5y)8.73%
ROE(3y)19.87%
ROE(5y)20.87%
ROIC(3y)13.37%
ROIC(5y)14.08%
1.3 Margins
TGYM's Profit Margin of 9.10% is fine compared to the rest of the industry. TGYM outperforms 66.67% of its industry peers.
TGYM's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 12.67%, TGYM is doing good in the industry, outperforming 66.67% of the companies in the same industry.
TGYM's Operating Margin has declined in the last couple of years.
TGYM has a Gross Margin (44.24%) which is in line with its industry peers.
In the last couple of years the Gross Margin of TGYM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.67% | ||
| PM (TTM) | 9.1% | ||
| GM | 44.24% |
OM growth 3Y4.78%
OM growth 5Y-5.63%
PM growth 3Y8.85%
PM growth 5Y-9.08%
GM growth 3Y-1.42%
GM growth 5Y-1.63%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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
Compared to 1 year ago, TGYM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.01 indicates that TGYM is not in any danger for bankruptcy at the moment.
TGYM has a better Altman-Z score (5.01) than 100.00% of its industry peers.
The Debt to FCF ratio of TGYM is 0.98, which is an excellent value as it means it would take TGYM, only 0.98 years of fcf income to pay off all of its debts.
TGYM's Debt to FCF ratio of 0.98 is amongst the best of the industry. TGYM outperforms 100.00% of its industry peers.
TGYM has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
TGYM's Debt to Equity ratio of 0.30 is in line compared to the rest of the industry. TGYM outperforms 53.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 0.98 | ||
| Altman-Z | 5.01 |
ROIC/WACC2.06
WACC8.13%
2.3 Liquidity
TGYM has a Current Ratio of 1.34. 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 (1.34) which is in line with its industry peers.
A Quick Ratio of 1.00 indicates that TGYM may have some problems paying its short term obligations.
With a Quick ratio value of 1.00, TGYM perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.24% over the past year.
Measured over the past years, TGYM shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.52% on average per year.
Looking at the last year, TGYM shows a quite strong growth in Revenue. The Revenue has grown by 9.78% in the last year.
The Revenue has been growing slightly by 4.96% on average over the past years.
EPS 1Y (TTM)15.24%
EPS 3Y27.11%
EPS 5Y-4.52%
EPS Q2Q%13.13%
Revenue 1Y (TTM)9.78%
Revenue growth 3Y16.62%
Revenue growth 5Y4.96%
Sales Q2Q%8.76%
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 13.75% yearly.
The Revenue is expected to grow by 10.05% on average over the next years. This is quite good.
EPS Next Y13.4%
EPS Next 2Y14.27%
EPS Next 3Y13.75%
EPS Next 5YN/A
Revenue Next Year9.74%
Revenue Next 2Y9.19%
Revenue Next 3Y8.6%
Revenue Next 5Y10.05%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 29.46, which means the current valuation is very expensive for TGYM.
Compared to the rest of the industry, the Price/Earnings ratio of TGYM indicates a slightly more expensive valuation: TGYM is more expensive than 66.67% of the companies listed in the same industry.
TGYM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 29.62, which is the current average of the S&P500 Index.
TGYM is valuated rather expensively with a Price/Forward Earnings ratio of 22.48.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TGYM indicates a slightly more expensive valuation: TGYM is more expensive than 60.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, TGYM is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.46 | ||
| Fwd PE | 22.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGYM is valued a bit more expensive than 73.33% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGYM indicates a rather cheap valuation: TGYM is cheaper than 86.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.21 | ||
| EV/EBITDA | 14.15 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of TGYM may justify a higher PE ratio.
A more expensive valuation may be justified as TGYM's earnings are expected to grow with 13.75% in the coming years.
PEG (NY)2.2
PEG (5Y)N/A
EPS Next 2Y14.27%
EPS Next 3Y13.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.26%, TGYM has a reasonable but not impressive dividend return.
TGYM's Dividend Yield is comparable with the industry average which is at 3.58.
Compared to an average S&P500 Dividend Yield of 2.27, TGYM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
5.2 History
On average, the dividend of TGYM grows each year by 23.21%, which is quite nice.
Dividend Growth(5Y)23.21%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
71.97% of the earnings are spent on dividend by TGYM. This is not a sustainable payout ratio.
TGYM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP71.97%
EPS Next 2Y14.27%
EPS Next 3Y13.75%
BIT:TGYM (2/24/2025, 11:36:41 AM)
11.49
0 (0%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners35.65%
Inst Owner ChangeN/A
Ins Owners33.78%
Ins Owner ChangeN/A
Market Cap2.31B
Analysts76.25
Price Target11.01 (-4.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
Yearly Dividend0.26
Dividend Growth(5Y)23.21%
DP71.97%
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)1.7%
PT rev (3m)1.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.02%
EPS NY rev (3m)1.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.46 | ||
| Fwd PE | 22.48 | ||
| P/S | 2.76 | ||
| P/FCF | 21.21 | ||
| P/OCF | 16.28 | ||
| P/B | 7.14 | ||
| P/tB | 8.54 | ||
| EV/EBITDA | 14.15 |
EPS(TTM)0.39
EY3.39%
EPS(NY)0.51
Fwd EY4.45%
FCF(TTM)0.54
FCFY4.71%
OCF(TTM)0.71
OCFY6.14%
SpS4.17
BVpS1.61
TBVpS1.34
PEG (NY)2.2
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.34% | ||
| ROE | 23.57% | ||
| ROCE | 23.15% | ||
| ROIC | 16.74% | ||
| ROICexc | 28.51% | ||
| ROICexgc | 35% | ||
| OM | 12.67% | ||
| PM (TTM) | 9.1% | ||
| GM | 44.24% | ||
| FCFM | 13% |
ROA(3y)8.45%
ROA(5y)8.73%
ROE(3y)19.87%
ROE(5y)20.87%
ROIC(3y)13.37%
ROIC(5y)14.08%
ROICexc(3y)25.57%
ROICexc(5y)24.56%
ROICexgc(3y)32.77%
ROICexgc(5y)30.69%
ROCE(3y)18.17%
ROCE(5y)19.4%
ROICexcg growth 3Y17.06%
ROICexcg growth 5Y-0.62%
ROICexc growth 3Y16.68%
ROICexc growth 5Y-2.14%
OM growth 3Y4.78%
OM growth 5Y-5.63%
PM growth 3Y8.85%
PM growth 5Y-9.08%
GM growth 3Y-1.42%
GM growth 5Y-1.63%
F-Score6
Asset Turnover1.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 0.98 | ||
| Debt/EBITDA | 0.63 | ||
| Cap/Depr | 68.58% | ||
| Cap/Sales | 3.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 92% | ||
| Profit Quality | 142.89% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 5.01 |
F-Score6
WACC8.13%
ROIC/WACC2.06
Cap/Depr(3y)80.57%
Cap/Depr(5y)86.73%
Cap/Sales(3y)4.63%
Cap/Sales(5y)4.88%
Profit Quality(3y)107.12%
Profit Quality(5y)131.08%
High Growth Momentum
Growth
EPS 1Y (TTM)15.24%
EPS 3Y27.11%
EPS 5Y-4.52%
EPS Q2Q%13.13%
EPS Next Y13.4%
EPS Next 2Y14.27%
EPS Next 3Y13.75%
EPS Next 5YN/A
Revenue 1Y (TTM)9.78%
Revenue growth 3Y16.62%
Revenue growth 5Y4.96%
Sales Q2Q%8.76%
Revenue Next Year9.74%
Revenue Next 2Y9.19%
Revenue Next 3Y8.6%
Revenue Next 5Y10.05%
EBIT growth 1Y18.81%
EBIT growth 3Y22.2%
EBIT growth 5Y-0.95%
EBIT Next Year66.55%
EBIT Next 3Y26.5%
EBIT Next 5Y21%
FCF growth 1Y278.12%
FCF growth 3Y-3.25%
FCF growth 5Y19.49%
OCF growth 1Y132.97%
OCF growth 3Y1.42%
OCF growth 5Y11.41%