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Italian Design Brands SpA
(DEX)
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Rating:44Neutral
Price Target:
€2.00
▼(-0.50% Downside)
Action:Reiterated
Date:07/08/26
The score is primarily held back by sharply deteriorated profitability (negative gross margin and deeply negative operating margins) and a loss-making profile, with only partial support from still-positive operating and free cash flow. Technicals are mixed with modest near-term improvement but a weak longer-term trend (below the 200DMA). Valuation is constrained by negative earnings (negative P/E) and no stated dividend yield.
Positive Factors
Brand portfolio & premium positioning
A portfolio of high-end Italian design brands provides durable pricing power and customer loyalty. Premium positioning supports project, showroom and dealer channels, helping revenue resilience and higher average selling prices over months; execution remains key.
Negative Factors
Deteriorated profitability and negative margins
Margins have collapsed to deeply negative levels, indicating structural pricing, cost, or product-mix problems. Persistently negative gross and operating margins will erode equity and cash, necessitating substantial cost or pricing fixes to restore sustainable profitability over quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand portfolio & premium positioning
A portfolio of high-end Italian design brands provides durable pricing power and customer loyalty. Premium positioning supports project, showroom and dealer channels, helping revenue resilience and higher average selling prices over months; execution remains key.
Read all positive factors
Italian Design Brands SpA (DEX) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€122.43M
Dividend YieldN/A
Average Volume (3M)35.88K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth2.70%
EPS Growth-227.59%
CountryIT
Employees976
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.72
Shares Outstanding59,943,577
10 Day Avg. Volume87,737
30 Day Avg. Volume35,881
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.76
Price to Sales (P/S)0.35
P/FCF Ratio27.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€5.00Price Target Upside148.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.24
Revenue Forecast (FY)€381.00M
Italian Design Brands SpA Business Overview & Revenue Model
Company Description
Established in Milan, Italy, in 2015, Dexelance S.p.A. operates as a central platform dedicated to cultivating and promoting high-quality Italian-designed home furnishings. The company's diverse portfolio encompasses furniture collections from pre...
How the Company Makes Money
Italian Design Brands makes money primarily by selling design furniture and related interior products under its portfolio of brands. Revenue is generated through (1) wholesale/B2B sales to furniture retailers, distributors, and dealers that resell...
Italian Design Brands SpA Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
52
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 332.49M | 320.20M | 324.38M | 289.78M | 199.48M | 145.28M |
| Gross Profit | -1.74M | 79.14M | 197.98M | 97.30M | 74.89M | 47.87M |
| EBITDA | -82.21M | 24.44M | 57.82M | 64.48M | 12.65M | 26.56M |
| Net Income | -18.94M | -17.70M | 17.90M | 28.01M | -5.93M | 11.40M |
Balance Sheet | ||||||
| Total Assets | 545.37M | 545.03M | 471.12M | 475.46M | 274.37M | 208.96M |
| Cash, Cash Equivalents and Short-Term Investments | 39.57M | 69.29M | 68.30M | 70.08M | 42.98M | 33.33M |
| Total Debt | 174.63M | 165.13M | 103.97M | 183.47M | 127.08M | 73.66M |
| Total Liabilities | 364.32M | 360.60M | 300.67M | 321.08M | 215.59M | 144.86M |
| Stockholders Equity | 145.59M | 149.20M | 170.45M | 154.38M | 58.78M | 64.09M |
Cash Flow | ||||||
| Free Cash Flow | 4.16M | 4.17M | 32.66M | 12.69M | 23.25M | 25.72M |
| Operating Cash Flow | 15.08M | 15.33M | 39.16M | 19.81M | 25.73M | 28.40M |
| Investing Cash Flow | -66.01M | -49.32M | -21.43M | -110.25M | -17.82M | -13.41M |
| Financing Cash Flow | 67.53M | 48.81M | -25.51M | 88.91M | 1.73M | -23.69M |
Italian Design Brands SpA Technical Analysis
Negative
2.01
Price Trends
2.18
Negative
2.19
Negative
2.92
Negative
Market Momentum
-0.03
Positive
39.90
Neutral
6.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:DEX, the sentiment is Negative. The current price of 2.01 is below the 20-day moving average (MA) of 2.13, below the 50-day MA of 2.18, and below the 200-day MA of 2.92, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.90 is Neutral, neither overbought nor oversold. The STOCH value of 6.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:DEX.
Italian Design Brands SpA Peers Comparison
UnderperformOutperform
Sector (61)
IT:DEX
Italian Design Brands SpA
2.06
-3.23
-61.05%
IT:GML
G.M. Leather S.P.A.
0.68
-0.21
-23.94%
IT:POZ
Pozzi Milano S.P.A.
0.56
0.08
17.65%
IT:RAT
Ratti S.p.A.
1.05
-0.66
-38.60%
IT:ZUC
Vincenzo Zucchi S.p.A.
0.57
-0.34
-37.36%
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.