Sanlorenzo S.p.A. (IT:SL)
:SL
Top Page
Sanlorenzo S.p.A.
(SL)
Select Model
Select Model
Rating:61Neutral
Price Target:
€33.00
▲(1.54% Upside)
Action:ReiteratedDate:04/03/26
The score is primarily held back by the sharp 2025 revenue decline and weaker recent cash generation despite solid profitability and a reasonably strong balance sheet. Valuation (low P/E and ~3.2% yield) is supportive, while technical indicators are mixed with slightly weak momentum.
Positive Factors
High-end bespoke product mix
Sanlorenzo's bespoke, high-end yacht model creates structural pricing power and strong customer loyalty. A made-to-measure product mix supports margin retention, recurring after-sales demand (refits/maintenance) and differentiation versus volume boatbuilders, helping revenue resilience over business cycles.
Negative Factors
Sharp 2025 revenue drop
A >50% revenue decline signals meaningful demand volatility or delivery disruptions for a company reliant on bespoke orders. Such large top-line swings impair capacity utilization, forecasting and dealer confidence, and can persist across quarters as order lead times and custom build cycles adjust.
Read all positive and negative factors
Positive Factors
Negative Factors
High-end bespoke product mix
Sanlorenzo's bespoke, high-end yacht model creates structural pricing power and strong customer loyalty. A made-to-measure product mix supports margin retention, recurring after-sales demand (refits/maintenance) and differentiation versus volume boatbuilders, helping revenue resilience over business cycles.
Read all positive factors
Sanlorenzo S.p.A. (SL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€1.15B
Dividend Yield3.34%
Average Volume (3M)80.83K
Price to Earnings (P/E)10.1
Beta (1Y)0.68
Revenue Growth9.07%
EPS Growth6.71%
CountryIT
Employees1,659
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)0.89
Shares Outstanding35,653,940
10 Day Avg. Volume56,677
30 Day Avg. Volume80,835
Financial Highlights & Ratios
PEG Ratio4.94
Price to Book (P/B)2.08
Price to Sales (P/S)1.08
P/FCF Ratio52.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€45.47Price Target Upside39.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.91
Revenue Forecast (FY)€1.02B
Sanlorenzo S.p.A. Business Overview & Revenue Model
Company Description
Sanlorenzo S.p.A. designs, builds, and sells yachts and pleasure boats in Europe, the Asia-Pacific, the Americas, the Middle East, and Africa. The company operates through three divisions: Yacht, Superyacht, and Bluegame. It provides maintenance a...
How the Company Makes Money
Sanlorenzo primarily makes money by selling newly built luxury yachts and superyachts to private customers and through its network of dealers and brokers. Revenue is largely driven by (1) new yacht sales, where customers typically place orders tha...
Sanlorenzo S.p.A. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.00B | 963.42M | 866.71M | 817.89M | 673.52M |
| Gross Profit | 117.22M | 137.62M | 244.79M | 510.76M | 354.81M |
| EBITDA | 182.91M | 181.47M | 163.46M | 130.01M | 94.63M |
| Net Income | 107.40M | 103.12M | 92.84M | 74.15M | 51.01M |
Balance Sheet | |||||
| Total Assets | 1.24B | 1.11B | 841.08M | 743.79M | 595.04M |
| Cash, Cash Equivalents and Short-Term Investments | 188.18M | 171.12M | 214.01M | 197.37M | 141.27M |
| Total Debt | 168.08M | 143.31M | 76.02M | 100.02M | 100.23M |
| Total Liabilities | 716.71M | 667.35M | 481.12M | 453.71M | 365.90M |
| Stockholders Equity | 518.14M | 436.14M | 358.27M | 288.53M | 229.04M |
Cash Flow | |||||
| Free Cash Flow | 20.59M | -18.47M | 72.65M | 95.16M | 48.62M |
| Operating Cash Flow | 68.77M | 30.86M | 117.15M | 145.11M | 97.83M |
| Investing Cash Flow | -44.83M | -84.97M | -51.08M | -69.15M | -49.62M |
| Financing Cash Flow | -10.54M | -2.74M | -19.88M | -70.91M | -1.29M |
Sanlorenzo S.p.A. Technical Analysis
Positive
32.50
Price Trends
31.73
Positive
31.06
Positive
31.67
Positive
Market Momentum
0.05
Negative
59.90
Neutral
78.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SL, the sentiment is Positive. The current price of 32.5 is above the 20-day moving average (MA) of 30.27, above the 50-day MA of 31.73, and above the 200-day MA of 31.67, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 59.90 is Neutral, neither overbought nor oversold. The STOCH value of 78.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:SL.
Sanlorenzo S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
IT:SL
Sanlorenzo S.p.A.
32.18
5.40
20.18%
IT:TISG
Italian Sea Group S.p.A.
0.95
-4.30
-81.89%
IT:YACHT
Ferretti S.p.A.
4.01
1.71
74.64%
IT:BELL
Bellini Nautica S.P.A.
2.54
-0.36
-12.41%
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.