F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. (FILA) AI Stock Analysis

• Market Cap: €477.42M
• Dividend Yield: 8.55%
• Average Volume (3M): 143.12K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 0.63
• Revenue Growth: -15.75%
• EPS Growth: -57.23%
• Country: IT
• Employees: 3,140
• Sector: Industrials
• Sector Strength: 84
• Industry: Business Equipment & Supplies
• EPS (TTM): -0.01
• Shares Outstanding: 42,976,440
• 10 Day Avg. Volume: 118,079
• 30 Day Avg. Volume: 143,117
• PEG Ratio: -0.42
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.94
• 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: €17.50
• Price Target Upside: 86.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Neutral
• Price Target: €10.50 ▲(12.18%Upside)

The most significant strength for F.I.L.A. lies in its valuation, with a compelling P/E ratio and dividend yield attracting income-focused investors. The company's financial stability also supports its stock, although challenges in revenue growth and profitability need addressing. Technical indicators suggest some bearish momentum, potentially limiting short-term upside.

Positive Factors

Financial Position

A dividend for a total of EUR 40.8M was proposed, reflecting a positive financial position.

Operational Efficiency

The FY24 EBITDA adjusted margin improved significantly, indicating better operational efficiency.

Negative Factors

Market Uncertainty

Management adopted a more cautious tone, primarily due to ongoing uncertainties in the U.S. market related to potential tariff developments and their broader implications.

Revenue Performance

FY24 revenues decreased by 2.8% at constant forex, showing the impact of macroeconomic uncertainties and poor performance in certain regions.

F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. Business Overview & Revenue Model

Company Description

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and markets coloring, designing, modelling, writing, and painting objects worldwide. It provides pencils, crayons, modelling clays, chalks, oil colors, acrylics, watercolors, paints, and paper products for the fine arts, school, and leisure sectors. The company offers its products under the GIOTTO, DAS, LYRA, Canson, Maimeri, Daler-Rowney Lukas, Ticonderoga, Pacon, Strathmore, Princeton, and Arches brands. It sells its products through a distribution network of 35 commercial branches to wholesalers, office/school suppliers, mass-market retailers, distributors, and B2B operators, as well as online channels. The company was founded in 1920 and is headquartered in Pero, Italy.

How the Company Makes Money

FILA generates revenue primarily through the sale of its extensive range of art and stationery products. The company has a diverse portfolio of well-known brands such as Giotto, Tratto, Das, and Canson, which are distributed globally. Revenue streams are predominantly derived from wholesale distribution to retailers, direct sales to educational and institutional customers, and e-commerce platforms. FILA also leverages strategic partnerships and acquisitions to expand its market presence, enhancing its product offerings and distribution capabilities. The company's global reach and strong brand recognition are key factors contributing to its financial success.

F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. Financial Statement Overview

Summary

The company demonstrates a stable financial foundation with some challenges in revenue growth and profitability. The balance sheet is strong with prudent debt management, and cash flow generation remains robust. However, fluctuating revenue and profit margins present areas for improvement.

Income Statement

The income statement shows a mixed performance. While the company has maintained a positive gross profit margin over the years, the net profit margin has seen fluctuations, notably declining significantly in the latest year. Revenue growth has been inconsistent, with a notable decline in the most recent year, suggesting potential challenges in maintaining sales. The EBIT and EBITDA margins indicate reasonable operational efficiency, but the decline in recent profitability metrics suggests potential areas for improvement.

Balance Sheet

The balance sheet reflects a stable financial position with a strong equity base. The debt-to-equity ratio has improved over time, indicating a conservative leverage approach. Return on equity has shown some volatility but remains positive, indicating a reasonable return to investors. The equity ratio suggests a healthy proportion of equity financing, reducing financial risk. Overall, the balance sheet reveals a sound financial structure with manageable leverage.

Cash Flow

The cash flow statement indicates strong cash generation capabilities, with positive free cash flow in recent years. The operating cash flow to net income ratio suggests efficient conversion of earnings into cash, although this has declined recently. The free cash flow to net income ratio reflects strong cash retention capabilities, although fluctuating free cash flow growth rates indicate some uncertainty in cash flow trends. Overall, the company maintains a robust cash flow position, supporting ongoing operations and investment needs.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
612.58M	779.18M	767.28M	655.99M	609.70M
	Gross Profit
343.18M	198.21M	271.92M	255.30M	225.90M
	EBIT
63.87M	78.46M	72.74M	78.55M	49.52M
	EBITDA
165.00M	289.43M	122.25M	124.43M	83.87M
	Net Income Common Stockholders
81.77M	170.65M	25.27M	38.01M	8.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
176.34M	127.01M	112.06M	149.44M	127.65M
	Total Assets
1.18B	1.19B	1.19B	1.19B	1.14B
	Total Debt
357.43M	429.74M	550.42M	576.92M	602.48M
	Net Debt
181.09M	303.89M	439.21M	430.93M	475.38M
	Total Liabilities
546.90M	617.06M	765.95M	795.33M	810.06M
	Stockholders Equity
630.48M	569.87M	399.37M	372.42M	308.01M
Cash Flow		Free Cash Flow
78.13M	102.92M	71.66M	110.43M	60.36M
	Operating Cash Flow
89.05M	133.18M	88.40M	119.14M	74.39M
	Investing Cash Flow
67.95M	20.54M	-20.44M	-20.57M	-65.29M
	Financing Cash Flow
-117.16M	-148.71M	-90.40M	-77.35M	19.45M

F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:FILA, the sentiment is Negative. The current price of 9.36 is below the 20-day moving average (MA) of 9.59, below the 50-day MA of 10.11, and below the 200-day MA of 9.72, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 37.95 is Neutral, neither overbought nor oversold. The STOCH value of 8.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:FILA.

F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FILA	70 Neutral	€477.42M	6.33	12.77%	8.55%	-15.75%	-57.23%
Sector *	57 Neutral	$1.32B	4.07	-2.93%	11.10%	3.37%	-51.35%
0E3C		€238.73M	118.35	0.50%	2.62%	―	―
0EA2		€87.39M	10.29	5.74%	3.82%	―	―
B7C0		€444.25M	3.08	21.22%	13.83%	―	―
ARIS	66 Neutral	€1.64B	691.18		3.62%	-14.92%	-98.68%
AV	54 Neutral	€304.93M	―		―	-1.20%	―