Financials Technogym S.p.A.

Equities

TGYM

IT0005162406

Recreational Products

Market Closed - Borsa Italiana 16:44:59 24/05/2024 BST 5-day change 1st Jan Change
9.165 EUR -0.60% Intraday chart for Technogym S.p.A. -3.42% +1.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,330 1,860 1,702 1,439 1,818 1,824 - -
Enterprise Value (EV) 1 2,326 1,801 1,606 1,318 1,691 1,670 1,624 1,570
P/E ratio 28.3 x 51.3 x 27.3 x 22.3 x 24.5 x 21.5 x 18.5 x 16.5 x
Yield - 2.38% 1.89% - 2.87% 3.14% 3.61% 3.99%
Capitalization / Revenue 3.48 x 3.65 x 2.78 x 2 x 2.25 x 2.08 x 1.92 x 1.79 x
EV / Revenue 3.48 x 3.53 x 2.63 x 1.83 x 2.09 x 1.9 x 1.71 x 1.54 x
EV / EBITDA 15.7 x 18.6 x 15 x 9.99 x 11.1 x 9.86 x 8.62 x 7.59 x
EV / FCF 23.5 x 23.1 x 24.5 x 17.1 x 23.9 x 19.6 x 15.8 x 13.4 x
FCF Yield 4.26% 4.33% 4.08% 5.86% 4.18% 5.11% 6.32% 7.47%
Price to Book 9.03 x 6.46 x 5.49 x - 5.13 x 4.77 x 4.3 x 3.88 x
Nbr of stocks (in thousands) 201,005 201,328 201,328 201,328 200,522 199,061 - -
Reference price 2 11.59 9.240 8.455 7.150 9.065 9.165 9.165 9.165
Announcement Date 17/03/20 24/03/21 23/03/22 29/03/23 25/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 668.9 509.7 611.4 721.5 808.1 878.5 951.3 1,018
EBITDA 1 147.8 97 107 131.9 152 169.3 188.3 206.8
EBIT 1 108.4 54.38 78.9 82.75 97.38 114.9 132.9 149.1
Operating Margin 16.21% 10.67% 12.9% 11.47% 12.05% 13.08% 13.97% 14.64%
Earnings before Tax (EBT) 1 106.4 48.04 79.7 83.31 100.4 116.2 136.1 153.2
Net income 1 83.2 36 63.1 63.59 73.64 85.31 98.99 111
Net margin 12.44% 7.06% 10.32% 8.81% 9.11% 9.71% 10.41% 10.9%
EPS 2 0.4100 0.1800 0.3100 0.3200 0.3700 0.4259 0.4945 0.5552
Free Cash Flow 1 99 78.01 65.52 77.28 70.64 85.3 102.6 117.2
FCF margin 14.8% 15.31% 10.72% 10.71% 8.74% 9.71% 10.78% 11.51%
FCF Conversion (EBITDA) 66.98% 80.42% 61.23% 58.58% 46.48% 50.37% 54.47% 56.68%
FCF Conversion (Net income) 118.99% 216.66% 103.83% 121.53% 95.93% 99.99% 103.63% 105.57%
Dividend per Share 2 - 0.2200 0.1600 - 0.2600 0.2876 0.3305 0.3652
Announcement Date 17/03/20 24/03/21 23/03/22 29/03/23 25/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 S2 2024 Q1 2024 S1 2024 S2
Net sales 1 373.6 222.4 287.2 276.3 167.6 167.6 335.1 151.6 173.6 325.2 173.5 222.7 396.3 174.6 195.4 370 438.1 185.2 402.5 483.2
EBITDA 97.45 37.3 59.7 48 - - 59 - - 51.8 - - 80.1 - - 59.4 89.38 - - -
EBIT 75.6 17.9 36.48 27.7 - - 51.2 - - 30.3 - - - - - 35.1 - - - -
Operating Margin 20.23% 8.05% 12.7% 10.03% - - 15.28% - - 9.32% - - - - - 9.49% - - - -
Earnings before Tax (EBT) 74.22 - 36.52 38.01 - - 41.69 - - 31.02 - - - - - 37.84 - - - -
Net income 57.91 - 29.94 30.36 - - 32.74 - - 23.46 - - 40.13 - - 28.47 45.17 - - -
Net margin 15.5% - 10.42% 10.99% - - 9.77% - - 7.21% - - 10.13% - - 7.7% 10.31% - - -
EPS 0.2800 0.0300 0.1500 0.1500 - - 0.1600 - - 0.1200 - - 0.2000 - - 0.1400 0.2300 - 0.1500 0.3000
Dividend per Share - - - - - - - - - - - - - - - - - - - -
Announcement Date 17/03/20 09/09/20 24/03/21 02/08/21 04/11/21 23/03/22 23/03/22 03/05/22 03/08/22 03/08/22 16/12/22 29/03/23 29/03/23 05/05/23 04/08/23 04/08/23 25/03/24 - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 3.7 59 96 122 127 154 200 254
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 99 78 65.5 77.3 70.6 85.3 103 117
ROE (net income / shareholders' equity) 35.4% 13.2% 21.1% 19.5% 21.1% 23.2% 24.5% 24.9%
ROA (Net income/ Total Assets) 15.2% 5.44% 8.72% - - - - -
Assets 1 549 661.3 723.5 - - - - -
Book Value Per Share 2 1.280 1.430 1.540 - 1.770 1.920 2.130 2.360
Cash Flow per Share 2 0.6800 0.5100 0.4600 0.5600 0.5300 0.6700 - -
Capex 1 38.1 24.4 27.7 35 36.2 42.4 44 47
Capex / Sales 5.7% 4.79% 4.53% 4.85% 4.48% 4.82% 4.62% 4.62%
Announcement Date 17/03/20 24/03/21 23/03/22 29/03/23 25/03/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
9.165 EUR
Average target price
10.2 EUR
Spread / Average Target
+11.29%
Consensus
  1. Stock Market
  2. Equities
  3. TGYM Stock
  4. Financials Technogym S.p.A.