Amplifon S.p.A. (AMP) AI Stock Analysis

• Market Cap: €3.41B
• Dividend Yield: 1.92%
• Average Volume (3M): 2.41M
• Price to Earnings (P/E): 27.1
• Beta (1Y): 0.65
• Revenue Growth: 3.83%
• EPS Growth: -21.96%
• Country: IT
• Employees: 11,603
• Sector: Healthcare
• Sector Strength: 49
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.22
• Shares Outstanding: 226,388,630
• 10 Day Avg. Volume: 1,795,664
• 30 Day Avg. Volume: 2,411,322
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €19.32
• Price Target Upside: 27.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 55 Neutral
• Price Target: €16.00 ▲(5.96% Upside)

Amplifon S.p.A. faces significant challenges with declining revenue growth and increased leverage, impacting its financial performance. The technical analysis indicates a bearish trend, and the valuation suggests the stock is relatively expensive. These factors contribute to a moderate overall stock score.

Amplifon S.p.A. Business Overview & Revenue Model

Company Description

Amplifon S.p.A. is a global leader in the distribution of hearing aids and related services, dedicated to improving the quality of life for individuals with hearing loss. Founded in 1950 and headquartered in Milan, Italy, the company operates in over 20 countries, providing innovative hearing solutions, audiological services, and personalized customer care. Amplifon offers a wide range of products, including hearing aids from leading manufacturers and its own branded devices, as well as accessories and assistive listening devices.

How the Company Makes Money

Amplifon generates revenue primarily through the sale of hearing aids and audiological services. The company's key revenue streams include direct sales of hearing aids to customers through its retail network, as well as online sales. Additionally, Amplifon earns income from after-sales services, such as maintenance and repairs, which are essential for customer satisfaction and retention. The company also benefits from partnerships with various manufacturers, which allows it to offer a diverse product range and capitalize on the latest technological advancements in hearing solutions. Furthermore, Amplifon engages in B2B partnerships with healthcare providers and insurance companies, facilitating access to its products and services for a broader audience, thereby contributing to its overall earnings.

Amplifon S.p.A. Financial Statement Overview

Summary

Amplifon S.p.A. demonstrates stable profitability and cash flow management, but faces challenges with declining revenue growth and increased leverage. The company needs to address these issues to maintain financial health and shareholder value.

Income Statement

Amplifon S.p.A. shows a stable gross profit margin around 56%, indicating efficient cost management. However, the net profit margin has decreased to 5.2% in the TTM, reflecting reduced profitability. The revenue growth rate is negative in the TTM, suggesting a decline in sales performance. EBIT and EBITDA margins have also slightly decreased, indicating potential operational challenges.

Balance Sheet

The company's debt-to-equity ratio has increased to 1.81 in the TTM, indicating higher leverage and potential financial risk. Return on equity has decreased to 11.4%, suggesting reduced profitability for shareholders. The equity ratio remains stable, reflecting a balanced asset structure.

Cash Flow

Free cash flow growth is positive at 2.6% in the TTM, showing improved cash generation. The operating cash flow to net income ratio is below 1, indicating potential cash flow constraints. However, the free cash flow to net income ratio is strong at 0.72, suggesting efficient cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.42B	2.41B	2.26B	2.12B	1.95B	1.56B
Gross Profit	1.36B	1.36B	548.45M	1.18B	1.11B	863.16M
EBITDA	549.97M	557.25M	522.01M	513.82M	468.72M	361.67M
Net Income	126.08M	145.37M	155.14M	178.53M	157.78M	101.00M
Balance Sheet
Total Assets	3.86B	3.99B	3.69B	3.58B	3.52B	3.23B
Cash, Cash Equivalents and Short-Term Investments	242.69M	288.85M	194.00M	229.54M	318.44M	554.02M
Total Debt	1.83B	1.72B	1.52B	1.50B	1.61B	1.56B
Total Liabilities	2.85B	2.84B	2.59B	2.54B	2.59B	2.43B
Stockholders Equity	1.01B	1.15B	1.10B	1.04B	925.18M	800.88M
Cash Flow
Free Cash Flow	318.25M	366.19M	271.89M	342.99M	348.97M	330.63M
Operating Cash Flow	442.77M	449.35M	413.54M	458.62M	462.37M	391.47M
Investing Cash Flow	-257.99M	-335.10M	-261.48M	-193.78M	-533.61M	-134.28M
Financing Cash Flow	-92.17M	-18.85M	-135.06M	-353.80M	-208.64M	151.52M

Amplifon S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:AMP, the sentiment is Negative. The current price of 15.1 is below the 20-day moving average (MA) of 15.30, below the 50-day MA of 17.52, and below the 200-day MA of 20.76, indicating a bearish trend. The MACD of -0.55 indicates Negative momentum. The RSI at 34.90 is Neutral, neither overbought nor oversold. The STOCH value of 7.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:AMP.

Amplifon S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GPI	79 Outperform	€497.73M	4.80		4.84%	16.92%	―
PHN	73 Outperform	€457.91M	27.81		2.11%	17.78%	63.72%
AMP	55 Neutral	€3.41B	27.14	11.68%	1.92%	3.83%	-21.96%
Sector *	51 Neutral	$7.91B	-0.36	-41.71%	2.23%	23.45%	-1.86%
6I50	―	€51.35M	19.88	7.16%	―	―	―
GHC	―	€434.54M	19.60	6.75%	―	―	―
SVS	―	€43.49M	7.76		―	―	―