Cembre SPA (IT:CMB)
:CMB
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Cembre SPA
(CMB)
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Rating:77Outperform
Price Target:
€110.00
▲(48.05% Upside)
Action:Reiterated
Date:05/15/26
The score is led by high-quality financial performance (strong profitability, low leverage, solid returns) tempered by free cash flow volatility. Technicals are supportive but appear overextended (very high RSI/Stoch), and valuation is reasonable with a moderate P/E and a modest dividend yield.
Positive Factors
High and Durable Profitability
Sustained operating margins around 24% and net margins near 19% point to durable pricing power, efficient production and cost control. These margins support strong returns on capital and provide buffer through cycles, enabling reinvestment and steady dividend potential over months to years.
Negative Factors
Free Cash Flow Volatility
Despite strong accounting profit, FCF has declined and converts to only ~57% of net income, indicating periodic working-capital swings or higher investment. Persistent FCF variability can constrain dividends, capex plans, or bolt-on M&A, reducing financial flexibility despite low leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
High and Durable Profitability
Sustained operating margins around 24% and net margins near 19% point to durable pricing power, efficient production and cost control. These margins support strong returns on capital and provide buffer through cycles, enabling reinvestment and steady dividend potential over months to years.
Read all positive factors
Cembre SPA (CMB) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€1.49B
Dividend Yield2.75%
Average Volume (3M)16.38K
Price to Earnings (P/E)19.9
Beta (1Y)0.66
Revenue Growth9.32%
EPS Growth8.88%
CountryIT
Employees817
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)2.87
Shares Outstanding17,000,000
10 Day Avg. Volume16,070
30 Day Avg. Volume16,384
Financial Highlights & Ratios
PEG Ratio2.99
Price to Book (P/B)4.97
Price to Sales (P/S)4.75
P/FCF Ratio35.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€56.00Price Target Upside-24.63% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.24
Revenue Forecast (FY)€275.04M
Cembre SPA Business Overview & Revenue Model
Company Description
Cembre S.p.A. manufactures and sells electrical connectors, cable accessories, and related tools in Italy, the rest of Europe, and internationally. The company offers pre-insulated, un-insulated, and other types of electrical connectors, as well a...
How the Company Makes Money
Cembre makes money mainly by selling manufactured products used to connect, install, and identify electrical conductors and related components, with revenues generated from (1) electrical connection products (e.g., connectors, terminals, and acces...
Cembre SPA Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 254.75M | 244.25M | 230.26M | 222.64M | 199.19M | 167.36M |
| Gross Profit | 119.96M | 59.76M | 128.91M | 124.40M | 105.31M | 91.58M |
| EBITDA | 77.04M | 73.86M | 66.73M | 66.79M | 54.53M | 45.89M |
| Net Income | 48.76M | 46.65M | 42.59M | 40.83M | 31.92M | 25.32M |
Balance Sheet | ||||||
| Total Assets | 311.81M | 300.53M | 271.17M | 249.20M | 241.32M | 237.82M |
| Cash, Cash Equivalents and Short-Term Investments | 13.68M | 20.44M | 13.47M | 24.88M | 30.03M | 46.64M |
| Total Debt | 14.68M | 20.95M | 11.48M | 6.66M | 15.43M | 25.99M |
| Total Liabilities | 64.29M | 67.45M | 51.42M | 43.48M | 53.23M | 61.66M |
| Stockholders Equity | 247.53M | 233.08M | 219.74M | 205.72M | 188.09M | 176.16M |
Cash Flow | ||||||
| Free Cash Flow | 26.61M | 33.06M | 16.61M | 30.25M | 14.81M | 26.47M |
| Operating Cash Flow | 50.62M | 56.15M | 46.13M | 44.81M | 27.10M | 35.47M |
| Investing Cash Flow | -21.90M | -21.94M | -29.46M | -14.35M | -12.23M | -8.94M |
| Financing Cash Flow | -30.21M | -26.91M | -25.28M | -24.57M | -46.45M | -18.89M |
Cembre SPA Technical Analysis
Positive
74.30
Price Trends
72.65
Positive
70.30
Positive
65.37
Positive
Market Momentum
5.46
Negative
64.53
Neutral
35.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CMB, the sentiment is Positive. The current price of 74.3 is below the 20-day moving average (MA) of 81.69, above the 50-day MA of 72.65, and above the 200-day MA of 65.37, indicating a bullish trend. The MACD of 5.46 indicates Negative momentum. The RSI at 64.53 is Neutral, neither overbought nor oversold. The STOCH value of 35.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:CMB.
Cembre SPA Peers Comparison
UnderperformOutperform
Sector (55)
IT:CMB
Cembre SPA
89.00
33.69
60.91%
IT:PRY
Prysmian SpA
144.40
89.59
163.45%
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.