IMMSI SPA (IMS) AI Stock Analysis

• Market Cap: €171.29M
• Dividend Yield: 4.77%
• Average Volume (3M): 497.73K
• Price to Earnings (P/E): 28.4
• Beta (1Y): 0.49
• Revenue Growth: -13.50%
• EPS Growth: -68.39%
• Country: IT
• Employees: 5,992
• Sector: Industrials
• Sector Strength: 91
• Industry: Auto - Manufacturers
• EPS (TTM): -0.02
• Shares Outstanding: 340,530,000
• 10 Day Avg. Volume: 406,779
• 30 Day Avg. Volume: 497,732
• PEG Ratio: -1.14
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.09
• 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: €0.50
• Price Target Upside: 0.00%
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: €0.50 ▲(0.00%Upside)

IMMSI SPA's stock score reflects a mixed financial performance with high leverage and cash flow challenges, a moderately bullish technical outlook, and valuation concerns due to a high P/E ratio. The attractive dividend yield partially offsets the valuation risks, making the stock appealing to income-oriented investors.

IMMSI SPA Business Overview & Revenue Model

Company Description

IMMSI S.p.A. (IMS) is a diversified holding company based in Italy, with a strong presence in various sectors including industrial, real estate, and finance. The company is renowned for its involvement in the two-wheeler and marine industries, primarily through its subsidiaries Piaggio Group, which is a leading manufacturer of scooters and motorcycles, and Intermarine, which specializes in the construction of vessels for both commercial and military use. IMMSI also holds significant interests in the real estate and hospitality sectors, enhancing its portfolio with various property management and development projects.

How the Company Makes Money

IMMSI S.p.A. generates revenue through multiple streams, primarily driven by its subsidiaries. The Piaggio Group is a significant contributor, earning income from the sale of scooters, motorcycles, and related products across global markets. This includes well-known brands like Vespa, Aprilia, and Moto Guzzi. In the marine sector, Intermarine contributes to revenue through the design and manufacturing of high-technology vessels for commercial and military clients. Additionally, IMMSI's investments in the real estate sector provide income through property sales, leases, and hospitality services. The company's diversified approach, combined with strategic partnerships and global market presence, supports its financial performance and growth.

IMMSI SPA Financial Statement Overview

Summary

The company struggles with revenue consistency and profitability, with moderate operational efficiency not translating into strong net profits. High leverage poses financial risk, and negative free cash flow limits flexibility.

Income Statement

The company has struggled with revenue consistency, showing a decline from 2022 to 2023 and further into 2024. Gross profit margin is relatively healthy, but net profit margins are low, indicating cost management issues. EBIT and EBITDA margins are moderate, suggesting operational efficiency, but not translating into strong net profitability.

Balance Sheet

Debt-to-equity ratio is high, indicating significant leverage and potential risk if earnings decline. The return on equity is weak, reflecting low net income relative to equity. Stockholders' equity is low relative to total assets, suggesting reliance on debt financing.

Cash Flow

The company faces challenges with free cash flow, which has been negative in recent years, limiting financial flexibility. Operating cash flow relative to net income is positive, indicating decent cash conversion, but capital expenditures are high, impacting free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.13B	1.75B	2.02B	2.13B	1.71B	1.38B
Gross Profit	357.39M	667.33M	515.88M	762.82M	642.85M	531.84M
EBITDA	346.73M	276.38M	318.38M	287.73M	240.94M	196.31M
Net Income	3.28M	6.04M	19.08M	63.90M	35.42M	15.81M
Balance Sheet
Total Assets	2.41B	2.31B	2.28B	2.37B	2.31B	2.13B
Cash, Cash Equivalents and Short-Term Investments	148.13M	158.82M	209.17M	267.29M	294.16M	252.03M
Total Debt	1.17B	1.11B	1.04B	1.00B	1.06B	1.05B
Total Liabilities	2.03B	1.92B	1.88B	1.96B	1.92B	1.77B
Stockholders Equity	209.26M	219.92M	228.84M	240.26M	231.95M	229.44M
Cash Flow
Free Cash Flow	-157.11M	-90.88M	-25.83M	65.15M	38.69M	25.53M
Operating Cash Flow	88.47M	113.91M	149.14M	219.62M	198.32M	168.74M
Investing Cash Flow	-221.27M	-179.42M	-171.34M	-141.40M	-142.72M	-138.49M
Financing Cash Flow	-20.58M	26.56M	-43.80M	-103.47M	-24.54M	18.72M

IMMSI SPA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:IMS, the sentiment is Neutral. The current price of 0.5 is below the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.50, and below the 200-day MA of 0.50, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.10 is Neutral, neither overbought nor oversold. The STOCH value of 48.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:IMS.

IMMSI SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRL	75 Outperform	€2.59B	45.92	13.25%	0.71%	-8.83%	-22.83%
LUVE	71 Outperform	€727.26M	23.26		1.28%	―	―
PIA	70 Outperform	€671.72M	11.63	13.38%	4.25%	-12.36%	-33.03%
Sector *	68 Neutral	€2.71B	19.06	7.73%	3.01%	-1.49%	-31.61%
IMS	66 Neutral	€171.29M	28.42	2.69%	4.77%	-13.50%	-68.39%
FCT	65 Neutral	€5.31B	―		―	―	―
PINF	52 Neutral	€62.77M	296.30	-19.11%	―	-5.03%	-2856.67%