Italian Sea Group S.p.A. (TISG) AI Stock Analysis

• Market Cap: €290.44M
• Dividend Yield: 3.77%
• Average Volume (3M): 114.80K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.72
• Revenue Growth: 12.02%
• EPS Growth: -8.17%
• Country: IT
• Employees: 657
• Sector: Consumer Cyclical
• Sector Strength: 56
• Industry: Leisure
• EPS (TTM): N/A
• Shares Outstanding: 53,000,000
• 10 Day Avg. Volume: 111,801
• 30 Day Avg. Volume: 114,803
• PEG Ratio: 0.28
• Price to Book (P/B): 2.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.75
• 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: €11.43
• Price Target Upside: 102.30% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 75 Outperform
• Price Target: €6.50 ▲(15.04%Upside)

The overall stock score is primarily driven by strong financial performance and attractive valuation metrics. Despite technical indicators suggesting a bearish trend, the company's robust financial health and undervalued status present a compelling case for potential growth and income investment.

Positive Factors

Financial Performance

TISG delivered a solid set of Q1 2025 results, with revenue up by 1% to €96.8m, driven by strong momentum in shipbuilding.

Product Range and Market Positioning

TISG is ideally positioned to benefit from developments with a product range focused on the 50–70m segment, catering to a legacy-driven clientele.

Negative Factors

New Orders and Growth Concerns

No new orders were registered at the end of this fiscal year, indicating potential challenges in sustaining growth.

Tax and Income Challenges

Net income stands at €33.8 million, impacted by a non-recurring tax effect resulting from the recalculation of the patent box tax benefit.

Italian Sea Group S.p.A. Business Overview & Revenue Model

Company Description

Italian Sea Group S.p.A. (TISG) is a prominent player in the luxury yacht manufacturing sector, renowned for its high-quality craftsmanship and innovative design. Headquartered in Italy, the company specializes in the construction and refitting of luxury superyachts, offering a variety of custom and semi-custom yachts under its prestigious brands, including Admiral and Tecnomar. TISG is recognized for its attention to detail, blending Italian artistry with cutting-edge technology to deliver bespoke yacht solutions to a global clientele.

How the Company Makes Money

Italian Sea Group S.p.A. makes money primarily through the sale of its luxury yachts, which are custom-built or semi-custom-built to meet the specific preferences of its affluent clientele. The company operates in the high-end segment of the market, where it caters to individuals and entities seeking unique and personalized yachting experiences. Revenue streams include the design, construction, and sale of new yachts, as well as the refitting and maintenance services for existing yachts. TISG leverages its strong brand reputation, skilled craftsmanship, and technological innovation to maintain competitive pricing and premium positioning in the market. Additionally, the company benefits from strategic partnerships and collaborations with designers, shipyards, and other stakeholders in the maritime industry, enhancing its service offerings and expanding its market reach.

Italian Sea Group S.p.A. Financial Statement Overview

Summary

Italian Sea Group S.p.A. displays strong financial health with consistent revenue and profit growth, efficient cost management, and a solid balance sheet. Despite recent challenges in cash flow, the company's overall financial position remains robust, supported by strategic financial management and growth in equity. Continued focus on cash flow improvement and debt management will be crucial for sustaining long-term growth.

Income Statement

The company has demonstrated consistent revenue growth with a substantial increase from 2019 to 2024. Gross and net profit margins are strong, reflecting efficient cost management. EBIT and EBITDA margins have also shown positive trends, indicating robust operational performance. However, a slight decline in net income from 2023 to 2024 suggests some challenges in maintaining the bottom line growth.

Balance Sheet

The debt-to-equity ratio is at a manageable level, and there is a healthy equity ratio indicating good financial stability. Return on equity shows a positive trend, suggesting effective use of shareholders' funds. The increase in total assets and stockholders' equity over the years points to solid financial health, though the slight increase in debt warrants cautious monitoring.

Cash Flow

Cash flow from operations has been fluctuating, with negative figures in 2024, impacting the overall cash flow stability. The free cash flow has seen a decline, indicating potential challenges in generating cash after capital expenditures. However, the company has managed to maintain positive cash flow in previous years, suggesting resilience in cash generation capabilities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	365.43M	356.09M	291.51M	186.05M	112.95M
Gross Profit	155.84M	130.91M	113.10M	68.06M	32.52M
EBITDA	78.59M	63.39M	43.90M	26.77M	13.99M
Net Income	33.89M	36.91M	24.05M	16.32M	6.24M
Balance Sheet
Total Assets	406.06M	377.39M	342.26M	235.07M	122.95M
Cash, Cash Equivalents and Short-Term Investments	60.25M	76.41M	81.32M	85.61M	17.94M
Total Debt	72.76M	74.53M	91.39M	42.83M	21.79M
Total Liabilities	261.09M	246.25M	233.26M	142.19M	82.73M
Stockholders Equity	144.96M	131.14M	109.00M	92.89M	40.22M
Cash Flow
Free Cash Flow	-13.21M	22.62M	44.53M	12.98M	15.98M
Operating Cash Flow	-9.43M	25.37M	64.37M	36.75M	27.74M
Investing Cash Flow	20.03M	1.00M	-103.79M	-26.27M	-13.69M
Financing Cash Flow	-26.76M	-31.27M	35.13M	57.18M	-1.86M

Italian Sea Group S.p.A. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TISG, the sentiment is Neutral. The current price of 5.65 is below the 20-day moving average (MA) of 5.69, below the 50-day MA of 5.66, and below the 200-day MA of 6.89, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 47.63 is Neutral, neither overbought nor oversold. The STOCH value of 18.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:TISG.

Italian Sea Group S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SL	75 Outperform	€1.04B	9.96	25.15%	2.93%	13.61%	8.72%
TISG	75 Outperform	€290.44M	8.84	24.55%	3.77%	12.02%	-8.17%
Sector *	66 Neutral	€8.95B	14.28	5.85%	3.16%	3.86%	-31.71%