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

• Market Cap: €4.54B
• Dividend Yield: 1.45%
• Average Volume (3M): 1.23M
• Price to Earnings (P/E): 31.8
• Beta (1Y): 0.58
• Revenue Growth: 5.71%
• EPS Growth: -10.80%
• Country: IT
• Employees: 11,603
• Sector: Healthcare
• Sector Strength: 40
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.18
• Shares Outstanding: 226,388,630
• 10 Day Avg. Volume: 1,037,646
• 30 Day Avg. Volume: 1,227,356
• PEG Ratio: N/A
• Price to Book (P/B): 3.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.20
• 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: €24.83
• Price Target Upside: 23.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 73 Outperform
• Price Target: €22.50 ▲(11.50%Upside)

Amplifon S.p.A. is supported by strong financial fundamentals, including consistent revenue growth and effective cash flow management. However, technical analysis suggests neutral market conditions, and the valuation appears relatively high, which may limit upside potential. The lack of recent earnings call insights or notable corporate events leaves some uncertainty.

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

Company Description

Amplifon S.p.A. is a global leader in hearing healthcare solutions, specializing in the provision of hearing aids and related services. Established in Italy, the company operates in multiple countries across Europe, the Americas, and the Asia-Pacific region. Amplifon's extensive network of retail outlets and service centers provides personalized hearing care and innovative audiology solutions to meet the needs of its customers.

How the Company Makes Money

Amplifon makes money primarily through the sale of hearing aids and related products, which constitute the majority of its revenue. The company operates a retail network where it offers a range of branded and private label hearing devices. Additionally, Amplifon generates revenue from services such as hearing tests, customized fitting, and ongoing customer support. The company's growth is supported by partnerships with hearing aid manufacturers and audiologists, as well as its strategic acquisitions of local audiology companies to expand its market presence globally. Amplifon also benefits from recurring revenue streams through aftercare and maintenance services for its hearing aid customers.

Amplifon S.p.A. Financial Statement Overview

Summary

Amplifon S.p.A. demonstrates strong financial health with consistent revenue growth, efficient operations, and robust cash flow management. Despite moderate leverage on the balance sheet, the company's overall financial performance remains solid and resilient.

Income Statement

Amplifon S.p.A. has demonstrated strong revenue growth over the years, with a consistent increase in total revenue. The TTM (Trailing-Twelve-Months) shows a stable gross profit margin of approximately 56.6%, and a respectable net profit margin of 5.9%. The EBIT and EBITDA margins are 10.4% and 23.2%, respectively, indicating healthy operational efficiency. The company has effectively managed to grow its revenue from 2020 onwards, reflecting a solid upward trajectory.

Balance Sheet

The company's balance sheet reflects a moderately leveraged position with a debt-to-equity ratio of 1.53. The return on equity (ROE) stands at 12.6%, showcasing a decent return for shareholders. The equity ratio is 28.8%, indicating a stable financial structure despite high leverage. While the company is maintaining a solid equity base, the considerable amount of debt suggests potential risks in case of financial downturns.

Cash Flow

Amplifon S.p.A. exhibits strong cash flow management, with consistent operating cash flow generation. The free cash flow to net income ratio is 2.0, indicating efficient conversion of income into cash. The operating cash flow to net income ratio is 3.0, highlighting robust cash flow relative to net income. Although free cash flow growth has been slightly negative recently, the company maintains a healthy cash flow profile, supporting its operations and investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.43B	2.41B	2.26B	2.12B	1.95B	1.56B
Gross Profit	1.38B	1.36B	548.45M	1.18B	1.11B	863.16M
EBITDA	562.89M	557.25M	522.01M	513.82M	468.72M	361.67M
Net Income	143.78M	145.37M	155.14M	178.53M	157.78M	101.00M
Balance Sheet
Total Assets	3.97B	3.99B	3.69B	3.58B	3.52B	3.23B
Cash, Cash Equivalents and Short-Term Investments	261.40M	288.85M	194.00M	229.54M	318.44M	554.02M
Total Debt	1.74B	1.72B	1.52B	1.50B	1.61B	1.56B
Total Liabilities	2.82B	2.84B	2.59B	2.54B	2.59B	2.43B
Stockholders Equity	1.14B	1.15B	1.10B	1.04B	925.18M	800.88M
Cash Flow
Free Cash Flow	289.30M	304.74M	271.89M	342.99M	348.97M	330.63M
Operating Cash Flow	435.46M	449.35M	413.54M	458.62M	462.37M	391.47M
Investing Cash Flow	-311.15M	-335.10M	-261.48M	-193.78M	-533.61M	-134.28M
Financing Cash Flow	-75.62M	-18.85M	-135.06M	-353.80M	-208.64M	151.52M

Amplifon S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.18
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:AMP, the sentiment is Positive. The current price of 20.18 is above the 20-day moving average (MA) of 20.09, above the 50-day MA of 20.16, and below the 200-day MA of 22.32, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 48.70 is Neutral, neither overbought nor oversold. The STOCH value of 58.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	78 Outperform	€416.50M	4.01		6.03%	16.92%	―
AMP	73 Outperform	€4.54B	31.76	12.59%	1.45%	5.71%	-10.80%
PHN	66 Neutral	€446.29M	26.99		4.05%	17.78%	63.72%
Sector *	65 Neutral	¥347.74B	11.06	-2.99%	2.55%	11.77%	-10.16%