Ariston Holding NV (IT:ARIS)
:ARIS
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Ariston Holding NV
(ARIS)
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Rating:57Neutral
Price Target:
€3.50
▼(-21.88% Downside)
Action:Downgraded
Date:03/11/26
The score is held back mainly by weak technicals (below major moving averages with negative MACD), despite oversold signals. Financials are generally solid but penalized for recent earnings and free-cash-flow volatility. Valuation is supportive with a reasonable P/E and modest dividend yield.
Positive Factors
Long-term Revenue & Cash Flow
Sustained revenue growth plus consistently positive operating cash flow provide durable internal funding for capex, product development and servicing networks. This supports strategic investments and debt servicing capacity across business cycles, strengthening long-term resilience.
Negative Factors
Profitability Volatility
Wide swings in profitability impair planning and capital allocation. Irregular margins reduce predictability of retained earnings and dividend capacity, and make financing/cost recovery harder during downturns. Structural exposure to product mix and regional cycles amplifies this long-term risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term Revenue & Cash Flow
Sustained revenue growth plus consistently positive operating cash flow provide durable internal funding for capex, product development and servicing networks. This supports strategic investments and debt servicing capacity across business cycles, strengthening long-term resilience.
Read all positive factors
Ariston Holding NV (ARIS) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€1.12B
Dividend Yield1.77%
Average Volume (3M)231.76K
Price to Earnings (P/E)8.2
Beta (1Y)1.16
Revenue Growth2.51%
EPS Growth5189.71%
CountryIT
Employees9,947
SectorIndustrials
Sector Strength72
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.38
Shares Outstanding125,505,005
10 Day Avg. Volume210,029
30 Day Avg. Volume231,756
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.03
Price to Sales (P/S)0.58
P/FCF Ratio9.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.87Price Target Upside-13.69% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.36
Revenue Forecast (FY)€2.86B
Ariston Holding NV Business Overview & Revenue Model
Company Description
Ariston Holding N.V. is a global enterprise specializing in the manufacturing and distribution of advanced hot water and space heating systems, catering to both commercial and residential clients. Its operations are structured across three primary...
How the Company Makes Money
Ariston primarily makes money by selling thermal comfort products and systems through multiple go-to-market channels. Key revenue streams include: (1) Product sales of water heating solutions (e.g., electric and heat pump water heaters and related...
Ariston Holding NV Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.71B | 2.68B | 3.15B | 2.42B | 1.99B |
| Gross Profit | 1.24B | 993.50M | 1.28B | 765.10M | 674.00M |
| EBITDA | 307.40M | 202.30M | 420.80M | 286.70M | 250.30M |
| Net Income | 132.40M | 2.50M | 191.20M | 140.30M | 136.50M |
Balance Sheet | |||||
| Total Assets | 3.58B | 3.57B | 3.87B | 2.88B | 2.32B |
| Cash, Cash Equivalents and Short-Term Investments | 248.50M | 369.20M | 456.40M | 1.01B | 689.70M |
| Total Debt | 781.80M | 901.40M | 1.02B | 932.70M | 492.30M |
| Total Liabilities | 2.06B | 2.14B | 2.37B | 1.87B | 1.44B |
| Stockholders Equity | 1.52B | 1.43B | 1.50B | 1.01B | 878.30M |
Cash Flow | |||||
| Free Cash Flow | 157.70M | 190.70M | 144.90M | 52.30M | 112.60M |
| Operating Cash Flow | 303.30M | 306.50M | 303.50M | 130.90M | 190.70M |
| Investing Cash Flow | -166.50M | -134.60M | -709.90M | -133.80M | -84.70M |
| Financing Cash Flow | -234.10M | -264.30M | -123.40M | 322.10M | 101.90M |
Ariston Holding NV Technical Analysis
Negative
4.48
Price Trends
3.58
Negative
3.98
Negative
4.00
Negative
Market Momentum
-0.12
Negative
41.55
Neutral
21.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ARIS, the sentiment is Negative. The current price of 4.48 is above the 20-day moving average (MA) of 3.24, above the 50-day MA of 3.58, and above the 200-day MA of 4.00, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 41.55 is Neutral, neither overbought nor oversold. The STOCH value of 21.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:ARIS.
Ariston Holding NV Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €3.54B | 12.23 | 9.06% | 5.06% | -5.65% | 4.14% | |
67 Neutral | €5.53B | 33.27 | 15.43% | 0.80% | 10.29% | 13.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | €7.12B | 10.03 | 13.08% | 4.37% | 9.30% | -14.17% | |
60 Neutral | €4.81B | 9.77 | 14.57% | 4.33% | -43.87% | 42.13% | |
57 Neutral | €1.12B | 8.17 | ― | 1.77% | 2.51% | 5189.71% |
* Industrials Sector Average
IT:ARIS
Ariston Holding NV
3.22
-1.53
-32.18%
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Ariston Holding NV Corporate Events
Ariston Takes Full Control of Chromagen Australia to Bolster Renewable Water Heating Push
May 27, 2026
Ariston Group has moved to full ownership of Chromagen Australia, exercising a call option to acquire the remaining 49% stake in the renewable-focused water heating specialist, for 33.6 million AUD in cash. The deal, which has no impact on Ariston...
Ariston Completes Sell-to-Cover Share Sales for 2023 Incentive Plan
May 13, 2026
Ariston Holding N.V. has completed a sell-to-cover process linked to its 2023 Long Term Incentive Plan, with JP Morgan Workplace Solutions selling 107,964 ordinary shares on behalf of plan beneficiaries to cover tax obligations at an average price...
Ariston Posts Solid Q1 as European Renewables Offset Market Headwinds
May 6, 2026
Ariston Holding N.V. reported first-quarter 2026 net revenues of €656.1 million, up 1.2% year on year, with organic sales broadly flat as growth in Europe offset weaker demand in the Americas and Middle East. The group’s performance wa...
Ariston Launches Sell-to-Cover After Granting Treasury Shares Under 2023 Incentive Plan
May 5, 2026
Ariston Holding N.V. has transferred 325,382 treasury shares to participants in its 2023 Long Term Incentive Plan, including Executive Chairman Paolo Merloni and CEO Maurizio Brusadelli, who received 17,830 and 103,678 shares respectively. The mov...
Ariston Shareholders Back All AGM Resolutions and Approve €0.10 Dividend
May 5, 2026
Ariston Holding N.V. shareholders approved all resolutions at the company’s Annual General Meeting held in the Netherlands, covering the 2025 annual accounts, remuneration report, dividend policy, and a 2026 share unit plan. The AGM also aut...
Ariston Sets 2026 AGM to Vote on 2025 Results, Board Mandates and Share Plan
Apr 24, 2026
Ariston Holding N.V. has convened its annual general meeting of shareholders for 5 May 2026 at Amsterdam Airport Schiphol, where investors will review the 2025 annual report, vote on the adoption of the 2025 accounts and dividend, and discuss the ...
Ariston Group Secures MSCI ESG Rating Upgrade to ‘A’
Apr 13, 2026
Ariston Group has received an upgrade of its MSCI ESG rating to A from BBB, placing it in the upper tier of MSCI’s corporate sustainability scale and underscoring the maturity of its environmental, social, and governance practices. The asses...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.