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FERRETTI SPA (YACHT.MI) Stock Fundamental Analysis

BIT:YACHT - Euronext Milan - IT0005383291 - Common Stock - Currency: EUR

2.853  +0.01 (+0.46%)

Fundamental Rating

4

YACHT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 15 industry peers in the Leisure Products industry. YACHT has a medium profitability rating, but doesn't score so well on its financial health evaluation. YACHT is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year YACHT was profitable.
In the past year YACHT had a positive cash flow from operations.
YACHT had positive earnings in each of the past 5 years.
In the past 5 years YACHT always reported a positive cash flow from operatings.
YACHT.MI Yearly Net Income VS EBIT VS OCF VS FCFYACHT.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 100M 200M

1.2 Ratios

YACHT has a Return On Assets of 5.05%. This is in the lower half of the industry: YACHT underperforms 60.00% of its industry peers.
YACHT has a Return On Equity of 9.76%. This is comparable to the rest of the industry: YACHT outperforms 46.67% of its industry peers.
The Return On Invested Capital of YACHT (9.28%) is better than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for YACHT is significantly below the industry average of 12.80%.
The 3 year average ROIC (7.61%) for YACHT is below the current ROIC(9.28%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.05%
ROE 9.76%
ROIC 9.28%
ROA(3y)4.35%
ROA(5y)3.65%
ROE(3y)8.39%
ROE(5y)7.17%
ROIC(3y)7.61%
ROIC(5y)10.97%
YACHT.MI Yearly ROA, ROE, ROICYACHT.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

YACHT has a Profit Margin of 6.94%. This is comparable to the rest of the industry: YACHT outperforms 46.67% of its industry peers.
In the last couple of years the Profit Margin of YACHT has grown nicely.
YACHT has a Operating Margin of 8.31%. This is in the lower half of the industry: YACHT underperforms 60.00% of its industry peers.
In the last couple of years the Operating Margin of YACHT has declined.
YACHT has a Gross Margin of 28.68%. This is amonst the worse of the industry: YACHT underperforms 93.33% of its industry peers.
YACHT's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 8.31%
PM (TTM) 6.94%
GM 28.68%
OM growth 3Y-19.33%
OM growth 5Y-15.41%
PM growth 3Y26.27%
PM growth 5Y6.82%
GM growth 3Y-13.16%
GM growth 5Y-6.68%
YACHT.MI Yearly Profit, Operating, Gross MarginsYACHT.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 10 20 30 40

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3

2. Health

2.1 Basic Checks

YACHT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
YACHT has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, YACHT has more shares outstanding
The debt/assets ratio for YACHT has been reduced compared to a year ago.
YACHT.MI Yearly Shares OutstandingYACHT.MI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 100M 200M 300M
YACHT.MI Yearly Total Debt VS Total AssetsYACHT.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

An Altman-Z score of 1.84 indicates that YACHT is not a great score, but indicates only limited risk for bankruptcy at the moment.
YACHT's Altman-Z score of 1.84 is on the low side compared to the rest of the industry. YACHT is outperformed by 66.67% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that YACHT is not too dependend on debt financing.
YACHT has a better Debt to Equity ratio (0.03) than 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 1.84
ROIC/WACC1.11
WACC8.35%
YACHT.MI Yearly LT Debt VS Equity VS FCFYACHT.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M

2.3 Liquidity

YACHT has a Current Ratio of 1.22. This is a normal value and indicates that YACHT is financially healthy and should not expect problems in meeting its short term obligations.
YACHT has a worse Current ratio (1.22) than 73.33% of its industry peers.
A Quick Ratio of 0.64 indicates that YACHT may have some problems paying its short term obligations.
The Quick ratio of YACHT (0.64) is worse than 60.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 0.64
YACHT.MI Yearly Current Assets VS Current LiabilitesYACHT.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 28.95% over the past year.
Measured over the past years, YACHT shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.70% on average per year.
The Revenue has grown by 11.55% in the past year. This is quite good.
The Revenue has been growing by 14.22% on average over the past years. This is quite good.
EPS 1Y (TTM)28.95%
EPS 3Y40.87%
EPS 5Y21.7%
EPS Q2Q%8.44%
Revenue 1Y (TTM)11.55%
Revenue growth 3Y23.3%
Revenue growth 5Y14.22%
Sales Q2Q%10.62%

3.2 Future

Based on estimates for the next years, YACHT will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.29% on average per year.
YACHT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.44% yearly.
EPS Next Y3.43%
EPS Next 2Y6.99%
EPS Next 3Y10.29%
EPS Next 5YN/A
Revenue Next Year6.62%
Revenue Next 2Y6.61%
Revenue Next 3Y6.57%
Revenue Next 5Y9.44%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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.
YACHT.MI Yearly Revenue VS EstimatesYACHT.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
YACHT.MI Yearly EPS VS EstimatesYACHT.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.41, the valuation of YACHT can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of YACHT indicates a somewhat cheap valuation: YACHT is cheaper than 66.67% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.62. YACHT is valued rather cheaply when compared to this.
YACHT is valuated reasonably with a Price/Forward Earnings ratio of 9.78.
Based on the Price/Forward Earnings ratio, YACHT is valued a bit cheaper than 73.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. YACHT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.41
Fwd PE 9.78
YACHT.MI Price Earnings VS Forward Price EarningsYACHT.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

YACHT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. YACHT is cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.35
YACHT.MI Per share dataYACHT.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates YACHT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.32
PEG (5Y)0.53
EPS Next 2Y6.99%
EPS Next 3Y10.29%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.48%, YACHT has a reasonable but not impressive dividend return.
YACHT's Dividend Yield is a higher than the industry average which is at 3.58.
YACHT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 3.48%

5.2 History

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

5.3 Sustainability

39.53% of the earnings are spent on dividend by YACHT. This is a low number and sustainable payout ratio.
DP39.53%
EPS Next 2Y6.99%
EPS Next 3Y10.29%
YACHT.MI Yearly Income VS Free CF VS DividendYACHT.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 0 50M -50M 100M 150M
YACHT.MI Dividend Payout.YACHT.MI Dividend Payout, showing the Payout Ratio.YACHT.MI Dividend Payout.PayoutRetained Earnings

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FERRETTI SPA

BIT:YACHT (2/24/2025, 11:58:21 AM)

2.853

+0.01 (+0.46%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners15.44%
Inst Owner ChangeN/A
Ins Owners28.58%
Ins Owner ChangeN/A
Market Cap965.68M
Analysts85.71
Price Target4.57 (60.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.48%
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP39.53%
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)1.13%
PT rev (3m)1.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.34%
EPS NY rev (3m)-6.34%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.87%
Valuation
Industry RankSector Rank
PE 11.41
Fwd PE 9.78
P/S 0.81
P/FCF N/A
P/OCF 10.71
P/B 1.14
P/tB 1.69
EV/EBITDA 4.35
EPS(TTM)0.25
EY8.76%
EPS(NY)0.29
Fwd EY10.23%
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)0.27
OCFY9.34%
SpS3.53
BVpS2.51
TBVpS1.69
PEG (NY)3.32
PEG (5Y)0.53
Profitability
Industry RankSector Rank
ROA 5.05%
ROE 9.76%
ROCE 11.08%
ROIC 9.28%
ROICexc 13.36%
ROICexgc 24.26%
OM 8.31%
PM (TTM) 6.94%
GM 28.68%
FCFM N/A
ROA(3y)4.35%
ROA(5y)3.65%
ROE(3y)8.39%
ROE(5y)7.17%
ROIC(3y)7.61%
ROIC(5y)10.97%
ROICexc(3y)11.68%
ROICexc(5y)13.88%
ROICexgc(3y)26.22%
ROICexgc(5y)30.16%
ROCE(3y)9.08%
ROCE(5y)13.27%
ROICexcg growth 3Y0.26%
ROICexcg growth 5Y-14.44%
ROICexc growth 3Y-0.96%
ROICexc growth 5Y-10.11%
OM growth 3Y-19.33%
OM growth 5Y-15.41%
PM growth 3Y26.27%
PM growth 5Y6.82%
GM growth 3Y-13.16%
GM growth 5Y-6.68%
F-Score7
Asset Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA 0.14
Cap/Depr 194.86%
Cap/Sales 10.97%
Interest Coverage 25.39
Cash Conversion 54.09%
Profit Quality N/A
Current Ratio 1.22
Quick Ratio 0.64
Altman-Z 1.84
F-Score7
WACC8.35%
ROIC/WACC1.11
Cap/Depr(3y)184.28%
Cap/Depr(5y)189.65%
Cap/Sales(3y)9.54%
Cap/Sales(5y)10.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)28.95%
EPS 3Y40.87%
EPS 5Y21.7%
EPS Q2Q%8.44%
EPS Next Y3.43%
EPS Next 2Y6.99%
EPS Next 3Y10.29%
EPS Next 5YN/A
Revenue 1Y (TTM)11.55%
Revenue growth 3Y23.3%
Revenue growth 5Y14.22%
Sales Q2Q%10.62%
Revenue Next Year6.62%
Revenue Next 2Y6.61%
Revenue Next 3Y6.57%
Revenue Next 5Y9.44%
EBIT growth 1Y60.32%
EBIT growth 3Y-0.54%
EBIT growth 5Y-3.38%
EBIT Next Year80.9%
EBIT Next 3Y30.62%
EBIT Next 5Y29.23%
FCF growth 1Y-130.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-59.73%
OCF growth 3Y17.77%
OCF growth 5Y25.34%