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FOPE S.p.A.
(FPE)
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Rating:71Outperform
Price Target:
€77.00
▲(28.33% Upside)
Action:Upgraded
Date:06/12/26
The score is driven primarily by solid fundamentals (strong revenue growth and a strengthening balance sheet), tempered by 2025 margin compression and uneven cash conversion. Technicals show a strong uptrend but with overbought indicators that raise near-term risk, while valuation is somewhat expensive at ~26.8x earnings with a modest ~1.93% yield.
Positive Factors
Revenue Growth
FOPE's multi-year revenue expansion to ~€93.6m in 2025 reflects durable top-line momentum and growing market penetration. Sustained revenue growth underpins operating scale, supports margin recovery opportunities over time, and provides a larger base to absorb shocks and fund strategic investments.
Negative Factors
Margin Compression
Sharp gross margin deterioration signals structural cost pressure or adverse product mix that can persist absent pricing power or cost mitigation. Lower gross margins compress operating profitability and reduce the firm's ability to self-fund growth, making margins the key medium-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
FOPE's multi-year revenue expansion to ~€93.6m in 2025 reflects durable top-line momentum and growing market penetration. Sustained revenue growth underpins operating scale, supports margin recovery opportunities over time, and provides a larger base to absorb shocks and fund strategic investments.
Read all positive factors
FOPE S.p.A. (FPE) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€318.70M
Dividend Yield1.88%
Average Volume (3M)858.00
Price to Earnings (P/E)27.6
Beta (1Y)0.22
Revenue Growth27.43%
EPS Growth35.92%
CountryIT
Employees112
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)2.12
Shares Outstanding5,447,908
10 Day Avg. Volume700
30 Day Avg. Volume858
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)3.69
Price to Sales (P/S)2.26
P/FCF Ratio19.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.79
Revenue Forecast (FY)€112.08M
FOPE S.p.A. Business Overview & Revenue Model
Company Description
Fope S.p.A., an Italian enterprise, specializes in the creation and global distribution of fine jewelry. The company presents a diverse array of offerings, including bracelets, rings, necklaces, earrings, watches, and various other distinctive col...
How the Company Makes Money
FOPE makes money primarily by selling FOPE-branded fine jewelry. Revenue is generated from (1) wholesale distribution, where FOPE sells finished jewelry to a network of authorized retailers/jewelers who then sell to end consumers at retail prices;...
FOPE S.p.A. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 93.58M | 73.43M | 66.77M | 62.16M | 40.31M |
| Gross Profit | 16.60M | 21.13M | 23.73M | 20.02M | 12.36M |
| EBITDA | 20.52M | 14.91M | 16.60M | 15.19M | 8.87M |
| Net Income | 11.38M | 8.35M | 10.03M | 10.74M | 4.99M |
Balance Sheet | |||||
| Total Assets | 86.42M | 69.50M | 60.16M | 55.19M | 46.48M |
| Cash, Cash Equivalents and Short-Term Investments | 32.63M | 15.15M | 11.26M | 11.52M | 11.99M |
| Total Debt | 11.89M | 11.89M | 11.28M | 10.23M | 10.11M |
| Total Liabilities | 28.84M | 24.14M | 20.11M | 21.55M | 20.64M |
| Stockholders Equity | 57.34M | 45.17M | 39.84M | 33.48M | 25.76M |
Cash Flow | |||||
| Free Cash Flow | 10.97M | 7.43M | 2.55M | 3.07M | 4.69M |
| Operating Cash Flow | 14.34M | 11.14M | 5.84M | 5.32M | 5.73M |
| Investing Cash Flow | -2.97M | -3.29M | -3.05M | -3.27M | -1.06M |
| Financing Cash Flow | -4.62M | -3.96M | -3.06M | -2.52M | -2.37M |
FOPE S.p.A. Technical Analysis
Negative
60.00
Price Trends
60.43
Negative
49.48
Positive
44.02
Positive
Market Momentum
-1.45
Positive
39.83
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:FPE, the sentiment is Negative. The current price of 60 is below the 20-day moving average (MA) of 64.02, below the 50-day MA of 60.43, and above the 200-day MA of 44.02, indicating a neutral trend. The MACD of -1.45 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:FPE.
FOPE S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
IT:FPE
FOPE S.p.A.
56.50
13.16
30.36%
IT:SFER
Salvatore Ferragamo S.p.A.
10.15
5.56
121.13%
IT:BC
Brunello Cucinelli SpA
92.40
-4.28
-4.43%
IT:GCOM
Giglio.com SpA
0.60
-0.46
-43.33%
IT:GIS
Gismondi 1754 S.p.A.
1.60
-0.32
-16.67%
IT:POZ
Pozzi Milano S.P.A.
0.55
0.08
17.77%
FOPE S.p.A. Corporate Events
FOPE lifts first-half 2026 revenues 32% on global luxury jewelry demand
Jul 9, 2026
Italian luxury jeweler FOPE reported consolidated net revenues of €56.8 million for the first half of 2026, a 32% increase from the same period in 2025, driven by strong demand across both mature markets such as Europe and the United States ...
Fope CEO Diego Nardin Sells 10,000 Company Shares at €60
Jun 22, 2026
Fope S.p.A. disclosed that Chief Executive Officer Diego Nardin, classified as a person performing administrative functions, carried out a sale of company shares. The transaction reflects ongoing compliance with EU Market Abuse Regulation, ensurin...
FOPE targets international investors with participation in Madrid Integrae Investor Day
Jun 9, 2026
FOPE S.p.A. will participate in the Integrae Investor Day in Madrid on June 11, 2026, an event focused on listed small- and mid-cap companies, as part of its strategy to deepen engagement with international institutional investors. CEO Diego Nardi...
FOPE Targets Global Investors with Participation in Madrid Small-Cap Showcase
Jun 9, 2026
FOPE will participate in the “Integrae Investor Day in Madrid” on 11 June 2026, an event dedicated to listed small and mid caps, as part of its efforts to deepen engagement with international institutional investors. Management, repres...
FOPE Sets 2029 Growth Targets and Accelerates Global Luxury Expansion
May 12, 2026
FOPE is expanding its high-end jewellery footprint by reinforcing its presence in established international luxury markets while opening new territories and monobrand boutiques, notably a new store in Milan’s Quadrilatero della Moda. Leverag...
FOPE Grants Free Shares to General Manager Under 2025–2027 Incentive Plan
May 11, 2026
FOPE S.p.A. has allocated 13,300 ordinary shares at no cost to General Manager Piero Persi under the 2025–2027 share incentive plan for employees approved by shareholders. The transaction, executed off-exchange on 6 May 2026, reflects the co...
FOPE Updates Share Capital and Bylaws After Stock Grant Allocation
May 11, 2026
FOPE S.p.A., the Vicenza‑based luxury jewelry maker listed on Euronext Growth Milan, has updated its share capital to €5,447,908 divided into 5,447,908 no‑par‑value ordinary shares, following the free allocation of shares u...
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.