IMMSI SPA (IMS) AI Stock Analysis

• Market Cap: €190.02M
• Dividend Yield: 4.2%
• Average Volume (3M): 1.28M
• Price to Earnings (P/E): 206.7
• Beta (1Y): 0.53
• Revenue Growth: -12.18%
• EPS Growth: -91.64%
• Country: IT
• Employees: 5,992
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 0.02
• Shares Outstanding: 340,530,000
• 10 Day Avg. Volume: 1,386,394
• 30 Day Avg. Volume: 1,279,535
• PEG Ratio: -0.43
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.10
• P/FCF Ratio: -1.97
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: €0.50 ▼(-3.85% Downside)

IMMSI SPA's overall stock score is significantly impacted by its poor financial performance, characterized by declining revenues, high leverage, and constrained cash flow. Technical analysis indicates bearish momentum, adding to the negative outlook. While the stock offers a high dividend yield, the extremely high P/E ratio suggests overvaluation, further weighing down the score.

IMMSI SPA Business Overview & Revenue Model

Company Description

IMMSI SPA (IMS) is an Italian holding company primarily engaged in the automotive and industrial sectors. The company operates through its subsidiaries, which manufacture and sell vehicles and components, including motorcycles and scooters under the well-known brand Piaggio. IMMSI also has interests in various real estate and financial services, diversifying its portfolio and enhancing its market presence.

How the Company Makes Money

IMMSI SPA generates revenue through the sale of motorcycles, scooters, and related components, leveraging its strong brand recognition, particularly in the two-wheeler market. The company earns income from both domestic and international sales, with key markets in Europe and emerging economies. Additionally, IMMSI benefits from strategic partnerships with other automotive manufacturers, which may involve joint ventures or collaborative projects, enhancing its technological capabilities and market reach. Revenue streams also include after-sales services and spare parts sales, providing ongoing income beyond initial vehicle sales. The diversification into real estate and financial services further contributes to its overall earnings, allowing the company to capitalize on various market opportunities.

IMMSI SPA Financial Statement Overview

Summary

IMMSI SPA is facing significant financial challenges. The income statement shows declining revenues and minimal profitability. The balance sheet is highly leveraged, indicating financial instability. Cash flow is constrained, with negative free cash flow growth and insufficient cash generation relative to earnings.

Income Statement

IMMSI SPA's income statement reveals a challenging period with declining revenue and profitability. The TTM data shows a negative revenue growth rate of -4.49%, indicating a contraction in sales. The gross profit margin has significantly decreased to 16.75% from higher levels in previous years, reflecting increased cost pressures. The net profit margin is extremely low at 0.15%, suggesting minimal profitability. Despite a stable EBIT margin, the overall profitability remains weak.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio of 5.57, which is a potential risk factor. The return on equity has drastically fallen to 0.44%, indicating poor returns for shareholders. The equity ratio is low, suggesting a heavy reliance on debt financing. These factors highlight financial instability and potential vulnerability to economic fluctuations.

Cash Flow

Cash flow analysis indicates negative free cash flow growth of -37.8% in the TTM, signaling cash constraints. The operating cash flow to net income ratio is low at 0.07, and the free cash flow to net income ratio is negative, reflecting cash flow challenges and insufficient cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.62B	1.75B	2.02B	2.13B	1.71B	1.38B
Gross Profit	539.12M	667.33M	515.88M	762.82M	642.85M	531.84M
EBITDA	255.39M	276.38M	318.38M	287.73M	240.94M	196.31M
Net Income	937.00K	6.04M	19.08M	27.09M	12.27M	9.75M
Balance Sheet
Total Assets	2.42B	2.31B	2.28B	2.37B	2.31B	2.13B
Cash, Cash Equivalents and Short-Term Investments	198.61M	158.82M	209.17M	267.29M	294.16M	252.03M
Total Debt	1.15B	1.11B	1.04B	1.00B	1.06B	1.06B
Total Liabilities	2.05B	1.92B	1.88B	1.96B	1.92B	1.77B
Stockholders Equity	203.73M	219.92M	228.84M	240.26M	231.95M	229.44M
Cash Flow
Free Cash Flow	-97.72M	-90.88M	-27.42M	65.15M	38.69M	25.53M
Operating Cash Flow	105.90M	113.91M	149.14M	219.62M	198.32M	168.74M
Investing Cash Flow	-189.22M	-179.42M	-169.75M	-141.40M	-142.72M	-138.49M
Financing Cash Flow	-47.94M	26.56M	-43.80M	-103.47M	-24.54M	18.72M

IMMSI SPA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.52
• 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:IMS, the sentiment is Negative. The current price of 0.52 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.58, and below the 200-day MA of 0.52, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 30.77 is Neutral, neither overbought nor oversold. The STOCH value of 19.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:IMS.

IMMSI SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRL	69 Neutral	€2.45B	39.86	15.31%	0.69%	3.99%	27.12%
LUVE	67 Neutral	€788.33M	25.15	―	1.14%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FCT	60 Neutral	€7.03B	54.23	14.30%	―	18.44%	―
PIA	58 Neutral	€688.86M	15.06	9.15%	4.52%	-10.26%	-45.52%
PINF	50 Neutral	€68.12M	-8.12	-26.58%	―	-9.84%	-4133.33%
IMS	40 Underperform	€190.02M	206.67	0.43%	4.20%	-12.18%	-91.64%