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Recordati Industria Chimica e Farmaceutica SPA (IT:REC)
:REC
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Recordati Industria Chimica e Farmaceutica SPA (REC) AI Stock Analysis

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IT:REC

Recordati Industria Chimica e Farmaceutica SPA

(REC)

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Neutral 67 (OpenAI - 4o)
Rating:67Neutral
Price Target:
€58.00
▲(14.51% Upside)
Recordati Industria Chimica e Farmaceutica SPA's overall stock score is driven primarily by its solid financial performance, characterized by strong revenue growth and improved financial stability due to reduced debt. However, the high P/E ratio and recent declines in cash flow growth and operational margins are concerns. Technical indicators suggest a neutral to slightly positive market sentiment, but the valuation remains a key risk factor.

Recordati Industria Chimica e Farmaceutica SPA (REC) vs. iShares MSCI Italy ETF (EWI)

Recordati Industria Chimica e Farmaceutica SPA Business Overview & Revenue Model

Company DescriptionRecordati Industria Chimica e Farmaceutica SPA (REC) is a leading European pharmaceutical company headquartered in Italy, specializing in the research, development, manufacturing, and marketing of pharmaceuticals. The company operates in several therapeutic areas, including rare diseases, urology, cardiology, and central nervous system disorders. Recordati offers a diverse portfolio of prescription medicines, over-the-counter products, and specialty pharmaceuticals, focusing on innovative treatments that address unmet medical needs.
How the Company Makes MoneyRecordati generates revenue primarily through the sale of its pharmaceutical products, which include both proprietary and licensed medications. The company's revenue model is multifaceted, consisting of direct sales to healthcare providers, hospitals, and pharmacies, as well as collaborations with other pharmaceutical firms for co-marketing and distribution agreements. Key revenue streams include sales from its core therapeutic areas, particularly in rare diseases where the company has established a strong presence. Additionally, Recordati benefits from strategic partnerships and licensing agreements that enhance its product offerings and market reach. The company also invests in research and development to create new drugs and expand its product pipeline, which further contributes to long-term revenue growth.

Recordati Industria Chimica e Farmaceutica SPA Financial Statement Overview

Summary
Recordati Industria Chimica e Farmaceutica SPA demonstrates solid financial performance with strong revenue growth and profitability. The significant reduction in debt enhances financial stability, though recent declines in cash flow growth and operational margins warrant attention. Overall, the company maintains a healthy financial position with opportunities for improvement in cash flow management.
Income Statement
82
Very Positive
Recordati Industria Chimica e Farmaceutica SPA shows strong revenue growth with a TTM growth rate of 2.74%. The company maintains healthy margins with a gross profit margin of 67.79% and a net profit margin of 16.42% in the TTM. However, there is a slight decline in EBIT and EBITDA margins compared to previous years, indicating potential pressure on operational efficiency.
Balance Sheet
75
Positive
The balance sheet reflects a significant reduction in debt, with a TTM debt-to-equity ratio of 0.04, down from 1.33 in the previous year. This indicates improved financial stability. The return on equity remains strong at 21.43%, showcasing effective use of equity. However, the equity ratio is not explicitly calculated, which could provide additional insights into asset financing.
Cash Flow
68
Positive
The cash flow statement reveals a decrease in free cash flow growth by 5.99% in the TTM, which is a concern. The operating cash flow to net income ratio is 0.54, indicating moderate cash generation relative to net income. The free cash flow to net income ratio of 0.87 suggests that the company is generating sufficient free cash flow relative to its net income, despite the recent decline.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.48B2.34B2.08B1.85B1.58B1.45B
Gross Profit1.68B1.60B1.42B1.29B1.15B1.04B
EBITDA818.90M795.37M708.16M559.35M578.35M566.83M
Net Income407.26M416.51M389.21M312.34M385.97M354.98M
Balance Sheet
Total Assets5.18B5.13B4.21B4.00B2.82B2.71B
Cash, Cash Equivalents and Short-Term Investments341.55M322.42M221.81M284.73M244.58M188.23M
Total Debt80.88M2.49B1.81B1.72B992.19M1.06B
Total Liabilities3.31B3.26B2.52B2.45B1.43B1.44B
Stockholders Equity1.87B1.88B1.69B1.55B1.38B1.28B
Cash Flow
Free Cash Flow500.19M535.10M102.06M365.35M404.29M271.90M
Operating Cash Flow574.93M569.92M485.32M461.69M491.65M403.57M
Investing Cash Flow-868.25M-844.94M-379.62M-767.12M-87.50M-131.56M
Financing Cash Flow443.15M372.11M-168.91M341.28M-355.94M-264.29M

Recordati Industria Chimica e Farmaceutica SPA Technical Analysis

Technical Analysis Sentiment
Negative
Last Price50.65
Price Trends
50DMA
52.64
Negative
100DMA
52.76
Negative
200DMA
52.77
Negative
Market Momentum
MACD
-0.41
Positive
RSI
39.90
Neutral
STOCH
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:REC, the sentiment is Negative. The current price of 50.65 is below the 20-day moving average (MA) of 52.19, below the 50-day MA of 52.64, and below the 200-day MA of 52.77, indicating a bearish trend. The MACD of -0.41 indicates Positive momentum. The RSI at 39.90 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:REC.

Recordati Industria Chimica e Farmaceutica SPA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
€4.24B22.1312.16%1.54%4.69%15.79%
€451.13M26.482.18%13.75%16.66%
€695.98M20.9245.54%3346.54%
€10.68B26.1922.16%2.47%11.51%5.23%
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:REC
Recordati Industria Chimica e Farmaceutica SPA
50.65
-1.15
-2.21%
IT:DIA
DiaSorin S.p.A.
77.24
-22.88
-22.85%
IT:PHN
PharmaNutra SpA
45.90
-8.68
-15.90%
IT:PHIL
Philogen SpA
24.00
3.70
18.23%
IT:GHC
Garofalo Health Care S.P.A.
5.28
-0.40
-7.12%
IT:SVS
Svas Biosana S.p.A.
9.20
2.07
29.03%

Recordati Industria Chimica e Farmaceutica SPA Corporate Events

Recordati Updates on Share Buyback Program Execution
Oct 21, 2025

Recordati S.p.A. has provided an update on its share buyback program, initiated to support stock options and performance share plans for its management. Between October 13 and October 17, 2025, the company purchased 56,725 of its own shares, bringing its total holdings to 4,597,656 shares, which is 2.199% of its share capital. This strategic move is likely to enhance stakeholder value and align management incentives with company performance.

The most recent analyst rating on (IT:REC) stock is a Sell with a EUR50.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Oct 14, 2025

Recordati S.p.A. has provided an update on its share buyback program, which was initiated to support stock option and performance share plans for the company’s management. As of October 10, 2025, Recordati has purchased 20,895 shares, holding a total of 4,547,996 own shares, representing 2.175% of its share capital. This move is part of Recordati’s strategy to incentivize management and align their interests with those of shareholders, potentially impacting the company’s market positioning and stakeholder relations.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR58.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Oct 8, 2025

Recordati S.p.A. announced an update on its share buyback program, initiated on April 30, 2025, to support stock option and performance share plans. The company purchased 28,096 ordinary shares between September 29 and October 3, 2025, at an average price of €51.0925 per share. As of October 3, 2025, Recordati held 4,552,651 own shares, representing 2.177% of its share capital. This buyback program is part of Recordati’s strategy to enhance shareholder value and support its incentive plans, reflecting its commitment to long-term growth and stability.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR58.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Oct 1, 2025

Recordati S.p.A. has announced an update on its share buyback program, which began on April 30, 2025, following a resolution from the Shareholders’ Meeting. The program, executed by UBS Europe SE, aims to purchase shares for stock option and performance share plans. Between September 22 and 26, 2025, Recordati purchased 196,951 ordinary shares, bringing its total holdings to 4,532,555 shares, equivalent to 2.167% of its share capital. This strategic move is part of Recordati’s efforts to enhance its incentive plans and align with its growth objectives.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR56.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program
Sep 23, 2025

Recordati has provided an update on its share buyback program, initiated on 30 April 2025, which aims to purchase shares for stock option and performance share plans. From 15 to 19 September 2025, Recordati purchased 108,016 ordinary shares, with a weighted average price of €53.1151 per share, bringing its total holdings to 4,342,104 shares, or 2.076% of the share capital. This move is part of Recordati’s strategy to enhance its financial structure and incentivize management, potentially impacting its market positioning positively.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR57.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Announces CFO Resignation and Board Changes
Sep 18, 2025

Recordati S.p.A. announced the resignation of Dr. Luigi La Corte from his role as Group CFO, effective at the end of the year, while he will continue to serve on the Board of Directors. The company is considering both internal and external candidates for the CFO position and will announce a successor in due course. The resignation is accompanied by a financial package and retention of certain stock options for Dr. La Corte. Additionally, the Board confirmed the independence of Dr. Silvia Mina as a Statutory Auditor, following the resignation of Dr. Livia Amidani Aliberti.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR57.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program
Sep 17, 2025

Recordati S.p.A. has announced an update on its share buyback program, which commenced on April 30, 2025. The program aims to purchase shares for stock option and performance share plans for the management of the Recordati Group. Between September 8 and September 12, 2025, the company purchased a total of 63,869 shares at a weighted average price of €54.0053 per share. As of September 12, 2025, Recordati holds 4,234,088 own shares, representing 2.025% of its share capital. This strategic move is expected to support the company’s incentive plans and potentially enhance shareholder value.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR57.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Sep 10, 2025

Recordati S.p.A. has provided an update on its share buyback program, which began on 30 April 2025, following a resolution from the Shareholders’ Meeting. The program aims to purchase shares for stock option and performance share plans for the management of the Recordati Group. From 1 to 5 September 2025, the company purchased a total of 40,549 shares at an average price of 53.4694 euros per share. As of 5 September 2025, Recordati held 4,204,802 own shares, representing 2.011% of its share capital. This strategic move is part of Recordati’s efforts to enhance its market positioning and provide incentives to its management team.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR57.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Sep 3, 2025

Recordati S.p.A. has updated its shareholders on the progress of its share buyback program, which began on 30 April 2025. The company executed several purchase operations between 25 and 29 August 2025, acquiring a total of 54,614 shares at an average price of 52.6377 Euros per share. This initiative is part of Recordati’s strategy to service stock options and performance share plans for its management, enhancing its incentive plans and potentially impacting its market position.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR57.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Aug 26, 2025

Recordati S.p.A. has provided an update on its share buyback program, which began on April 30, 2025, following a resolution by the Shareholders’ Meeting. The program aims to purchase shares for stock options and performance share plans for the company’s management. Between August 18 and 22, 2025, Recordati purchased 38,121 ordinary shares at an average price of 52.1938 Euros per share. As of August 22, 2025, Recordati holds 4,149,013 own shares, representing 1.984% of its share capital.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR57.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Aug 19, 2025

Recordati S.p.A. has announced an update on its share buyback program, initiated on April 30, 2025, to support stock option and performance share plans for its management. Between August 11 and 15, 2025, the company purchased a total of 40,307 ordinary shares at a weighted average price of €50.5448 per share. As of August 15, 2025, Recordati holds 4,112,354 own shares, representing 1.966% of its share capital. This strategic move is expected to enhance the company’s operational flexibility and align management incentives with shareholder interests.

The most recent analyst rating on (IT:REC) stock is a Buy with a EUR61.50 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Aug 11, 2025

Recordati S.p.A. has provided an update on its share buyback program, initiated on April 30, 2025, to support stock options and performance share plans for its management. The company reported purchasing 114,072 ordinary shares between August 4 and August 8, 2025, at a weighted average price of 50.3567 Euros per share, holding 1.951% of its share capital as of August 8, 2025. This move is part of Recordati’s strategic efforts to enhance shareholder value and align management incentives with company performance.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates Share Buyback Program with Recent Transactions
Aug 5, 2025

Recordati S.p.A. has updated its share buyback program, initially communicated in April 2025, with recent transactions executed by UBS Europe SE. From July 28 to August 1, 2025, the company purchased a total of 176,283 shares at a weighted average price of 51.7557 Euros per share. As of August 1, 2025, Recordati holds 3,965,975 own shares, representing 1.896% of its share capital. This buyback is part of Recordati’s strategy to allocate shares for stock option and performance share plans aimed at management incentives.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Announces Auditor Resignation and Succession
Aug 4, 2025

Recordati S.p.A. announced the resignation of Dr. Livia Amidani Aliberti as Actual Auditor, effective immediately, due to personal reasons. Dr. Silvia Mina, previously an Alternate Auditor, will assume the role of Actual Auditor until the next Shareholders’ Meeting. This change is in accordance with the company’s Articles of Association and does not impact the company’s shareholding structure as neither auditor holds shares in the company.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Publishes Half-Year Financial Report for 2025
Jul 31, 2025

Recordati has published its half-year financial report as of June 30, 2025, which has been approved by the Board of Directors and is now accessible to the public. This announcement underscores Recordati’s commitment to transparency and its strategic positioning in the pharmaceutical industry, potentially impacting stakeholders by providing insights into the company’s financial health and operational progress.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Jul 30, 2025

Recordati S.p.A. has updated its shareholders on the execution of its share buyback program, initiated to support stock option and performance share plans for its management. The company purchased a total of 52,802 ordinary shares between July 21 and July 25, 2025, with an average price of €52.5805 per share. As of July 25, 2025, Recordati holds 3,815,712 own shares, representing 1.825% of its share capital.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Reports Strong Growth in H1 2025 with Strategic European Expansion
Jul 29, 2025

Recordati reported strong financial performance in the first half of 2025, with consolidated net revenues increasing by 11.7% to €1,323.8 million. The company signed a license and supply agreement with Amarin for the commercialization of Vazkepa® in Europe, enhancing its cardiovascular portfolio. Despite adverse exchange rate impacts, Recordati maintained its financial targets for 2025, demonstrating robust execution and strategic growth in both its Specialty & Primary Care and Rare Diseases sectors.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

Recordati Updates on Share Buyback Program Execution
Jul 23, 2025

Recordati S.p.A. announced an update on its share buyback program, which began on 30 April 2025. The program aims to purchase shares to support stock options and performance share plans for the management of the Recordati Group. From 14 to 18 July 2025, Recordati purchased 130,231 ordinary shares at an average price of €52.9464 per share. As of 18 July 2025, the company held 3,764,910 own shares, representing 1.800% of its share capital. This move is part of Recordati’s strategy to enhance shareholder value and support its incentive plans.

The most recent analyst rating on (IT:REC) stock is a Hold with a EUR51.00 price target. To see the full list of analyst forecasts on Recordati Industria Chimica e Farmaceutica SPA stock, see the IT:REC Stock Forecast page.

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.Date of analysis: Oct 10, 2025