EMAK SPA (EM) AI Stock Analysis

• Market Cap: €144.24M
• Dividend Yield: 2.74%
• Average Volume (3M): 151.96K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.77
• Revenue Growth: 5.40%
• EPS Growth: 26.95%
• Country: IT
• Employees: 2,374
• Sector: General
• Sector Strength: N/A
• Industry: Manufacturing - Tools & Accessories
• EPS (TTM): N/A
• Shares Outstanding: 163,934,830
• 10 Day Avg. Volume: 157,673
• 30 Day Avg. Volume: 151,956
• PEG Ratio: 0.08
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 6.29
• 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: €1.60
• Price Target Upside: 79.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: €0.92 ▲(3.82% Upside)
• Action: Downgraded Date: 04/03/26
• Date: Action: Downgraded 04/03/26

Overall score is driven primarily by mid-tier financial performance (thin net margins, weaker returns vs prior years, and only moderate cash conversion) combined with mixed-to-soft technicals (below key longer-term moving averages and negative MACD). Valuation (low P/E and moderate dividend yield) provides a partial offset.

Positive Factors

Diversified revenue streams

EMAK’s business mixes equipment sales with replacement parts and after‑sales service sold through distributors and dealers. The installed base and aftermarket provide recurring, higher‑margin opportunities over time, reducing reliance on single transactional cycles and supporting steady cash flows.

Negative Factors

Thin profitability & weakening returns

Despite a gross margin rebound, net margin remains very thin (~2.2% in 2025) and ROE has fallen materially to ~4.9% from double‑digit levels in prior years. Persistently low margins and declining returns indicate weaker earnings power and limited capital efficiency, constraining long‑term shareholder value creation.

EMAK SPA Business Overview & Revenue Model

Company Description

Emak S.p.A., together with its subsidiaries, develops, manufactures, and markets various products in the outdoor power equipment, pumps and high pressure water jetting, and components and accessories business areas. The company offers brush cutter...

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Emak S.p.A., together with its subsidiaries, develops, manufactures, and markets various products in the outdoor power equipment, pumps and high pressure water jetting, and components and accessories business areas. The company offers brush cutter...

How the Company Makes Money

EMAK makes money primarily by selling outdoor power equipment and related items to distribution and retail channels. Its core revenue streams come from: (1) sales of equipment (e.g., gardening, forestry, and maintenance machinery) under its brands...

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EMAK makes money primarily by selling outdoor power equipment and related items to distribution and retail channels. Its core revenue streams come from: (1) sales of equipment (e.g., gardening, forestry, and maintenance machinery) under its brands...

EMAK SPA Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	625.89M	612.49M	601.91M	566.32M	605.72M	588.30M
Gross Profit	209.41M	301.74M	117.81M	269.04M	287.13M	282.33M
EBITDA	69.19M	63.83M	59.78M	69.10M	76.42M	73.76M
Net Income	11.44M	13.51M	5.75M	19.07M	30.27M	32.51M
Balance Sheet
Total Assets	722.46M	693.43M	715.51M	688.00M	679.12M	658.15M
Cash, Cash Equivalents and Short-Term Investments	71.16M	71.19M	69.17M	75.72M	86.52M	79.72M
Total Debt	290.25M	262.20M	280.86M	262.87M	266.98M	222.69M
Total Liabilities	436.08M	411.81M	435.20M	404.34M	402.13M	402.22M
Stockholders Equity	281.77M	277.47M	275.95M	279.35M	273.00M	253.18M
Cash Flow
Free Cash Flow	0.00	23.88M	8.52M	34.27M	-7.68M	12.52M
Operating Cash Flow	0.00	43.46M	32.64M	57.12M	13.67M	29.56M
Investing Cash Flow	0.00	-19.92M	-35.70M	-43.90M	-24.73M	-19.64M
Financing Cash Flow	0.00	-18.46M	-7.27M	-20.60M	20.52M	-32.89M

EMAK SPA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:EM, the sentiment is Neutral. The current price of 0.89 is above the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.89, and below the 200-day MA of 0.93, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.59 is Neutral, neither overbought nor oversold. The STOCH value of 84.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:EM.

EMAK SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLG	71 Outperform	€5.10B	17.46	16.56%	2.24%	13.95%	17.07%
IP	69 Neutral	€4.01B	23.93	10.16%	0.72%	-2.00%	2.11%
EM	58 Neutral	€144.24M	11.13	4.71%	2.74%	5.40%	26.95%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
BSS	45 Neutral	€158.11M	-3.80	-2.86%	0.57%	-10.59%	-132.80%
PIA	42 Neutral	€567.09M	18.96	8.39%	4.42%	-10.26%	-45.52%