OVS S.p.A. (IT:OVS)
:OVS
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OVS S.p.A.
(OVS)
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Rating:63Neutral
Price Target:
€7.00
▲(34.10% Upside)
Action:Downgraded
Date:05/23/26
The score is driven primarily by solid operating performance and cash generation, tempered by thin margins, moderate leverage, and a notable 2026 gross margin decline. Technicals add support due to an uptrend across moving averages, while valuation is a modest headwind given the higher P/E despite a ~2% dividend.
Positive Factors
Revenue growth and scale
Consistent multi-year revenue growth to €1.75B indicates expanding market penetration and scale benefits. Larger revenue enables stronger sourcing terms, broader assortment and investment in omnichannel operations, supporting sustainable top-line resilience over the next 2–6 months and beyond.
Negative Factors
Thin EBIT and net margins
Relatively low EBIT and net margins leave limited buffer against rising input costs, promotional pressure or weaker sales. With thin downstream profitability, small adverse cost or price moves materially compress net income and constrain ability to build retained earnings over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and scale
Consistent multi-year revenue growth to €1.75B indicates expanding market penetration and scale benefits. Larger revenue enables stronger sourcing terms, broader assortment and investment in omnichannel operations, supporting sustainable top-line resilience over the next 2–6 months and beyond.
Read all positive factors
OVS S.p.A. (OVS) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€1.63B
Dividend Yield2.3%
Average Volume (3M)524.44K
Price to Earnings (P/E)32.9
Beta (1Y)1.00
Revenue Growth6.99%
EPS Growth-6.11%
CountryIT
Employees6,285
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.20
Shares Outstanding255,032,120
10 Day Avg. Volume409,047
30 Day Avg. Volume524,437
Financial Highlights & Ratios
PEG Ratio-2.59
Price to Book (P/B)1.34
Price to Sales (P/S)0.70
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€5.30Price Target Upside1.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.41
Revenue Forecast (FY)€1.86B
OVS S.p.A. Business Overview & Revenue Model
Company Description
OVS S.p.A. is a prominent fashion retailer with a significant presence both within Italy and across international markets. Its operations are structured around two core segments: OVS and UPIM. The company offers a comprehensive array of merchandis...
How the Company Makes Money
OVS primarily makes money by selling apparel, footwear, and accessories to consumers through (1) company-operated retail stores and (2) online channels. Revenue is generated at the point of sale from merchandise across its core categories (womensw...
OVS S.p.A. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
56
Neutral
Cash Flow
68
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.75B | 1.71B | 1.62B | 1.59B | 1.42B |
| Gross Profit | 162.20M | 1.02B | 949.33M | 905.85M | 827.02M |
| EBITDA | 339.30M | 382.50M | 358.36M | 329.01M | 351.06M |
| Net Income | 49.20M | 51.96M | 52.30M | 39.20M | 48.50M |
Balance Sheet | |||||
| Total Assets | 3.02B | 2.89B | 2.82B | 2.87B | 2.75B |
| Cash, Cash Equivalents and Short-Term Investments | 105.23M | 87.73M | 105.79M | 106.02M | 143.15M |
| Total Debt | 1.41B | 1.29B | 1.26B | 1.32B | 1.30B |
| Total Liabilities | 2.12B | 2.00B | 1.92B | 1.97B | 1.86B |
| Stockholders Equity | 902.79M | 893.64M | 900.79M | 902.75M | 896.90M |
Cash Flow | |||||
| Free Cash Flow | 237.21M | 204.79M | 218.80M | 182.10M | 302.36M |
| Operating Cash Flow | 317.86M | 290.69M | 314.28M | 262.77M | 384.65M |
| Investing Cash Flow | -93.04M | -87.14M | -94.01M | -79.77M | -84.07M |
| Financing Cash Flow | -207.32M | -221.61M | -220.50M | -220.13M | -234.93M |
OVS S.p.A. Technical Analysis
Positive
5.22
Price Trends
5.36
Positive
5.03
Positive
4.70
Positive
Market Momentum
0.30
Negative
86.13
Negative
94.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:OVS, the sentiment is Positive. The current price of 5.22 is below the 20-day moving average (MA) of 5.78, below the 50-day MA of 5.36, and above the 200-day MA of 4.70, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 86.13 is Negative, neither overbought nor oversold. The STOCH value of 94.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:OVS.
OVS S.p.A. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €14.58B | 23.71 | 18.89% | 2.32% | 0.75% | -2.37% | |
63 Neutral | €1.63B | 32.86 | 5.35% | 2.30% | 6.99% | -6.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €1.58B | -16.98 | -21.64% | 1.24% | -5.66% | 27.38% | |
48 Neutral | €102.16M | -9.05 | -18.69% | ― | -8.30% | 55.18% | |
46 Neutral | €14.07M | 0.71 | 17.31% | ― | ― | ― |
* General Sector Average
IT:OVS
OVS S.p.A.
6.40
3.06
91.87%
IT:AEF
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IT:GEO
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IT:MONC
Moncler S.p.A.
53.84
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IT:PQ
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IT:SFER
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87.16%
OVS S.p.A. Corporate Events
OVS Publishes Updated Corporate Bylaw Following Shareholder Approval
Jun 10, 2026
OVS S.p.A. has published the new version of its corporate bylaw, which was approved by the shareholders’ meeting on 29 May 2026. The updated bylaw is now accessible to the public at the company’s registered office, on its corporate web...
OVS Reports Treasury Share Transactions and Stock Option-Linked Assignment
Jun 3, 2026
OVS S.p.A. disclosed a series of transactions involving its own shares on Euronext Milan in early May 2026, detailing purchases of treasury stock and an off-market assignment. The company acquired shares on 4 and 5 May and then assigned a portion ...
OVS Shareholders’ Pact Expires, Marking Shift in Governance Arrangements
Jun 1, 2026
OVS S.p.A. has announced that the shareholders’ agreement between Tamburi Investment Partners S.p.A., Concerto S.r.l. and String S.r.l., relating to OVS, has automatically terminated upon the holding of the OVS shareholders’ meeting on...
OVS Approves €0.14 Dividend and Publishes Updated Corporate Bylaws
May 30, 2026
OVS S.p.A. shareholders approved the distribution of an ordinary dividend of €0.14 per share, to be paid on 24 June 2026 to investors of record on 23 June, with coupon detachment scheduled for 22 June. Treasury shares held by the company on ...
OVS Approves Record 2025 Results, Dividend and New €20 Million Buyback
May 29, 2026
OVS S.p.A.’s shareholders approved the company’s best‑ever 2025 financial statements and a dividend of €0.14 per share, underscoring robust performance and confidence in cash generation. The meeting also endorsed the 2026 r...
OVS Increases Treasury Stock with May Share Buyback on Euronext Milan
May 25, 2026
OVS S.p.A. disclosed that it repurchased 45,577 of its own ordinary shares on Euronext Milan between 18 and 22 May 2026, at an average price of €5.0903 per share, for a total outlay of €232,000.60. The buyback was executed through Equi...
OVS Expands Treasury Share Buyback, Now Holds 4.8% of Capital
May 11, 2026
OVS S.p.A. has continued its share buyback programme, repurchasing 223,989 ordinary shares on Euronext Milan between 4 and 8 May 2026 at an average price of €5.0179, for a total outlay of about €1.12 million. The purchases, executed th...
OVS Publishes 2025 Annual Financial Report and Governance Documentation
May 7, 2026
OVS S.p.A. has published its Annual Financial Report as at 31 January 2026 for the 2025 financial year, including draft statutory and consolidated financial statements, the directors’ report with consolidated sustainability reporting, audit ...
OVS publishes shareholder slates for board and auditor renewals
May 7, 2026
OVS has published the shareholder slates for the renewal of its Board of Directors and Board of Statutory Auditors ahead of the 29 May 2026 shareholders’ meeting. A controlling group of shareholders led by Tamburi Investment Partners, holdin...
OVS Lifts Treasury Stake With Latest Share Buybacks
May 4, 2026
OVS S.p.A. disclosed that between 27 and 30 April 2026 it repurchased 293,781 ordinary shares on Euronext Milan, equal to about 0.115% of its share capital, at an average price of €5.0785 for a total outlay of roughly €1.49 million. Th...
OVS Investors Form Short-Term Pact to Steer Board Appointments
Apr 29, 2026
Tamburi Investment Partners, Concerto, and String, which together hold just over 34% of OVS’s share capital and nearly 36% of its voting share capital, have entered into a shareholders’ agreement governing 87,024,373 OVS shares. The pa...
OVS Executive Sells 200,000 Shares in Two-Day Milan Market Disposal
Apr 21, 2026
OVS S.p.A. reported that Antonio Margotti, a person discharging managerial responsibilities, disposed of a total of 200,000 ordinary shares in two separate transactions on the Milan exchange. The sales were executed on 20 and 21 April 2026 at aver...
OVS Calls 2026 Shareholders’ Meeting to Renew Governance and Incentive Plans
Apr 17, 2026
OVS S.p.A. has convened an ordinary and extraordinary shareholders’ meeting for 29 May 2026 at its Venice-Mestre headquarters to vote on a wide-ranging corporate agenda. Shareholders will be asked to approve the 2025/26 financial statements,...
OVS Posts Record 2025 Results, Lifts Dividend and Accelerates Expansion
Apr 16, 2026
OVS reported its best year ever in 2025, with net sales up 7% to €1.746 billion, double-digit growth in womenswear and beauty, and strong contributions from newly consolidated Goldenpoint and other key brands. Profitability improved as adjus...
OVS Lifts Treasury Stake to 4.6% with New Share Buybacks
Apr 13, 2026
OVS S.p.A. has continued its share buyback program on Euronext Milan, repurchasing 50,000 ordinary shares between 6 and 10 April 2026 at an average price of 4.40 euros, for a total outlay of 220,000 euros. The transactions, executed via Equita SIM...
OVS intensifies March share buybacks on Euronext Milan
Apr 7, 2026
OVS S.p.A. reported a series of on‑market share purchase transactions in March 2026 on Euronext Milan involving its own ordinary shares. Across multiple trading days between 2 and 24 March, the company bought back tranches ranging from rough...
OVS Boosts Treasury Stock with New EUR 1.38 Million Buyback Tranche
Mar 30, 2026
Italian fashion retailer OVS S.p.A. has continued its share buyback activity on Euronext Milan, repurchasing 320,172 ordinary shares between 23 and 27 March 2026 at an average price of EUR 4.2989, for a total consideration of about EUR 1.38 millio...
OVS Lifts Treasury Stake Above 4.4% With Latest Share Buyback Tranche
Mar 23, 2026
OVS S.p.A. continued its share buyback programme on Euronext Milan, repurchasing 298,594 ordinary shares between 16 and 20 March 2026, equal to 0.117% of its share capital, at an average price of €4.3523 for a total outlay of about €1....
OVS Publishes Governance Guidelines for New Board of Statutory Auditors
Mar 19, 2026
OVS S.p.A. has released guidelines from its outgoing Board of Statutory Auditors to assist shareholders in forming the new Board of Statutory Auditors ahead of upcoming corporate governance appointments. The document, approved on 17 March 2026, is...
OVS Lifts Treasury Stake as Share Buyback Programme Advances
Mar 16, 2026
OVS S.p.A. has continued its share buyback programme, repurchasing 295,337 ordinary shares on Euronext Milan between 9 and 13 March 2026 at an average price of €4.4358, for a total outlay of about €1.31 million. The purchases, executed...
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.