Aquafil SpA (IT:ECNL)
:ECNL
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Aquafil SpA
(ECNL)
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Rating:39Underperform
Price Target:
€1.50
▲(9.49% Upside)
Action:DowngradedDate:03/15/26
The score is driven primarily by weak financial performance (multi-year losses and high, worsening leverage), which outweighs the partial support from positive operating/free cash flow in 2025. Technical signals are also broadly bearish with price below key moving averages and negative MACD. Valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Integrated nylon production and recycling platform
Aquafil’s vertical model—polymer and yarn production combined with a recycling platform—creates durable competitive advantages: secured feedstock, control over quality across the value chain, and alignment with sustainable sourcing trends that support long-term customer relationships and margin premiums.
Negative Factors
High and rising leverage
Elevated debt-to-equity near 2.9x increases financial risk and reduces strategic flexibility. High leverage magnifies earnings volatility, raises refinancing and interest-cost pressures, and constrains capital allocation, making sustained investment and recovery more difficult if cash flow weakens or margins compress.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated nylon production and recycling platform
Aquafil’s vertical model—polymer and yarn production combined with a recycling platform—creates durable competitive advantages: secured feedstock, control over quality across the value chain, and alignment with sustainable sourcing trends that support long-term customer relationships and margin premiums.
Read all positive factors
Aquafil SpA (ECNL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€118.35M
Dividend YieldN/A
Average Volume (3M)301.52K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-3.18%
EPS Growth61.77%
CountryIT
Employees2,498
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.06
Shares Outstanding73,172,200
10 Day Avg. Volume388,480
30 Day Avg. Volume301,517
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)0.93
Price to Sales (P/S)0.23
P/FCF Ratio10.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1.80Price Target Upside31.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)€555.04M
Aquafil SpA Business Overview & Revenue Model
Company Description
Aquafil S.p.A., together with its subsidiaries, engages in the production, reprocessing, and sale of polyamide 6 fibers and polymers in Europe, the United States, and Asia. The company offers bulk continuous filament or synthetic yarns for the tex...
How the Company Makes Money
Aquafil makes money mainly by manufacturing and selling polyamide (nylon) products across multiple stages of the value chain. Key revenue streams include: (1) sales of nylon yarns (including carpet yarns and other textile/technical yarns) to downs...
Aquafil SpA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
29
Negative
Cash Flow
43
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 520.84M | 542.13M | 571.81M | 684.90M | 570.31M |
| Gross Profit | 1.61M | 109.49M | 159.55M | 204.31M | 180.22M |
| EBITDA | 60.07M | 56.02M | 39.84M | 92.79M | 63.98M |
| Net Income | -4.69M | -16.31M | -25.85M | 29.15M | 10.67M |
Balance Sheet | |||||
| Total Assets | 625.64M | 655.26M | 701.22M | 724.96M | 668.67M |
| Cash, Cash Equivalents and Short-Term Investments | 165.55M | 130.37M | 163.37M | 120.65M | 153.52M |
| Total Debt | 377.32M | 343.77M | 411.90M | 368.53M | 332.39M |
| Total Liabilities | 494.39M | 496.91M | 575.96M | 549.55M | 516.56M |
| Stockholders Equity | 131.26M | 158.35M | 125.25M | 175.40M | 152.10M |
Cash Flow | |||||
| Free Cash Flow | 11.30M | 1.47M | 35.90M | -52.15M | 49.44M |
| Operating Cash Flow | 29.61M | 23.25M | 69.58M | -13.12M | 89.05M |
| Investing Cash Flow | -21.21M | -24.03M | -33.22M | -38.63M | -40.25M |
| Financing Cash Flow | 26.78M | -26.52M | 10.62M | 9.78M | -105.10M |
Aquafil SpA Technical Analysis
Negative
1.37
Price Trends
1.40
Negative
1.40
Negative
1.53
Negative
Market Momentum
<0.01
Negative
47.13
Neutral
37.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ECNL, the sentiment is Negative. The current price of 1.37 is below the 20-day moving average (MA) of 1.39, below the 50-day MA of 1.40, and below the 200-day MA of 1.53, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.13 is Neutral, neither overbought nor oversold. The STOCH value of 37.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:ECNL.
Aquafil SpA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €199.99M | 18.49 | ― | 2.17% | 40.64% | 104.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | €101.25M | -3.03 | -18.69% | ― | -5.49% | -62.25% | |
39 Underperform | €118.35M | -25.93 | -4.91% | ― | -3.18% | 61.77% |
* Consumer Cyclical Sector Average
IT:ECNL
Aquafil SpA
1.37
0.14
11.60%
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0.27
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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.