MARR S.p.A. (MARR) AI Stock Analysis

• Market Cap: €690.53M
• Dividend Yield: 6.01%
• Average Volume (3M): 106.29K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.62
• Revenue Growth: 0.13%
• EPS Growth: -7.81%
• Country: IT
• Employees: 861
• Sector: Industrials
• Sector Strength: 89
• Industry: Food Distribution
• EPS (TTM): 0.66
• Shares Outstanding: 66,525,120
• 10 Day Avg. Volume: 123,993
• 30 Day Avg. Volume: 106,291
• PEG Ratio: N/A
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.93
• 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: €12.97
• Price Target Upside: 24.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

MARR S.p.A.'s stock score reflects a mixed financial performance with stable revenue growth but challenges in profitability and cash flow management. The technical analysis suggests positive momentum but with caution due to potential overbought conditions. The stock's valuation is attractive, offering a fair P/E ratio and a high dividend yield, making it appealing for income investors. Overall, the company has strengths in stability and income potential, but needs to address cash flow and profitability challenges to improve its financial health.

Positive Factors

Future Outlook

The company is expected to enter a normalised phase in terms of volumes and EUR/kg, supported by a potential recovery in consumption.

Profitability

Management has confirmed a recovery in operating profitability through improved gross margin and effective EUR/Kg management along with operating cost control.

Negative Factors

Financial Performance

FY24 EBITDA decreased by 2.3% year over year due to a contraction in EUR/Kg and higher transportation costs.

Revenue Performance

9M24 revenues slightly decreased by 1%, affected by a decline in 3Q24 despite growing volumes.

MARR S.p.A. Business Overview & Revenue Model

Company Description

MARR S.p.A. is a leading Italian company in the foodservice distribution sector. It specializes in supplying and distributing food products to various entities such as restaurants, hotels, and catering companies. The company offers a diverse range of products, including fresh and frozen foods, dry groceries, and non-food items, catering to the specific needs of the foodservice industry.

How the Company Makes Money

MARR S.p.A. generates revenue primarily through the distribution and sale of food and non-food products to the foodservice industry. Its key revenue streams include sales to restaurants, hotels, and catering services, which rely on MARR for a consistent supply of quality food products. The company benefits from a well-established logistics network and strategic partnerships with food producers and suppliers, ensuring efficient distribution and a broad product offering. Additionally, MARR's focus on customer service and tailored solutions enhances its competitiveness and customer loyalty, contributing to its financial success.

MARR S.p.A. Financial Statement Overview

Summary

MARR S.p.A. presents a mixed financial outlook with stable revenue growth but challenges in profitability and cash flow. The balance sheet remains stable, reflecting a reasonable leverage position, while the income statement and cash flow indicate areas for operational improvements. Continued focus on cost management and cash flow optimization is essential to enhance financial health and shareholder value.

Income Statement

The company shows stable revenue growth with a slight increase from 2023 to 2024. However, gross profit has significantly declined over the past year, affecting margins. The net profit margin is modest, indicating pressure on profitability. Despite a strong EBIT and EBITDA margin, the overall income statement reflects mixed performance.

Balance Sheet

The debt-to-equity ratio indicates a moderate level of leverage which is manageable. The return on equity is reasonable, showing moderate profitability for shareholders. The equity ratio suggests a balanced funding structure. Overall, the balance sheet is stable, but there is room for improvement in reducing debt.

Cash Flow

The free cash flow has decreased from the previous year, indicating challenges in cash generation. The operating cash flow to net income ratio suggests a moderate conversion of income into cash. The company has a weaker ability to convert free cash flow into net income, impacting liquidity. Cash flow management requires attention to sustain operations.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.03B	2.03B	1.88B	1.46B	1.07B
	Gross Profit
108.77M	351.03M	378.81M	313.34M	211.98M
	EBIT
80.70M	84.44M	49.05M	59.37M	22.66M
	EBITDA
102.94M	102.37M	64.35M	77.07M	19.63M
	Net Income Common Stockholders
42.72M	47.13M	26.55M	35.07M	-2.41M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
103.19M	223.41M	191.66M	249.99M	251.49M
	Total Assets
1.19B	1.23B	1.16B	1.17B	1.05B
	Total Debt
446.36M	456.74M	415.94M	394.21M	451.99M
	Net Debt
238.05M	233.33M	224.28M	144.22M	200.50M
	Total Liabilities
845.90M	872.49M	821.00M	824.24M	716.58M
	Stockholders Equity
345.63M	355.47M	341.46M	349.51M	338.11M
Cash Flow		Free Cash Flow
35.76M	41.10M	-20.83M	110.08M	17.12M
	Operating Cash Flow
64.24M	67.74M	-8.02M	121.67M	30.78M
	Investing Cash Flow
-29.35M	-28.51M	-16.72M	-13.92M	-13.90M
	Financing Cash Flow
-50.14M	-7.49M	-33.59M	-109.25M	42.11M

MARR S.p.A. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 10.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:MARR, the sentiment is Neutral. The current price of 10.38 is above the 20-day moving average (MA) of 9.71, above the 50-day MA of 9.71, and below the 200-day MA of 10.41, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 55.23 is Neutral, neither overbought nor oversold. The STOCH value of 66.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:MARR.

MARR S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MARR	73 Outperform	€690.53M	15.04	12.19%	6.01%	0.13%	-7.81%
CIR	71 Outperform	€568.87M	4.98	-1.45%	―	-23.48%	―
Sector *	64 Neutral	$4.43B	12.01	5.15%	249.50%	3.98%	-11.60%