Italian Sea Group S.p.A. (IT:TISG)
:TISG
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Italian Sea Group S.p.A.
(TISG)
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Rating:59Neutral
Price Target:
€4.50
▲(400.00% Upside)
Action:DowngradedDate:01/09/26
The score is held back primarily by deteriorating cash generation (negative operating and free cash flow in 2024 and TTM), alongside weaker TTM margins/earnings and higher leverage. These risks are partially offset by attractive valuation (low P/E and high dividend yield) and modestly improving near-term price action versus the 20/50-day averages.
Positive Factors
Multi‑year revenue growth and scale
Sustained expansion from 112.9m to 365.4m (2020–2024) shows the company built meaningful scale and market traction in luxury and commercial builds. Scale supports supplier leverage, capacity to win large bespoke contracts and a foundation for steady revenue even through cyclical periods.
Negative Factors
Deteriorating cash generation (negative OCF/FCF)
A shift from positive to materially negative operating and free cash flow raises durable funding and execution concerns. Persistent negative cash reduces ability to fund projects, service debt, or invest in yards, increasing refinancing risk and constraining growth or margin recovery over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi‑year revenue growth and scale
Sustained expansion from 112.9m to 365.4m (2020–2024) shows the company built meaningful scale and market traction in luxury and commercial builds. Scale supports supplier leverage, capacity to win large bespoke contracts and a foundation for steady revenue even through cyclical periods.
Read all positive factors
Italian Sea Group S.p.A. (TISG) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€47.54M
Dividend Yield6.03%
Average Volume (3M)113.66K
Price to Earnings (P/E)15.2
Beta (1Y)0.64
Revenue Growth12.02%
EPS Growth-8.17%
CountryIT
Employees657
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)N/A
Shares Outstanding53,000,000
10 Day Avg. Volume141,779
30 Day Avg. Volume113,661
Financial Highlights & Ratios
PEG Ratio-1.35
Price to Book (P/B)2.71
Price to Sales (P/S)1.07
P/FCF Ratio-29.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€4.95Price Target Upside450.00% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.26
Revenue Forecast (FY)€356.20M
Italian Sea Group S.p.A. Business Overview & Revenue Model
Company Description
The Italian Sea Group S.p.A. operates in the luxury yachting industry. It is involved in the design, production and marketing of yachts and super yachts, motor, and sailing, made of fiberglass, aluminum and steel that ranges between 17 and over 10...
How the Company Makes Money
Italian Sea Group S.p.A. generates revenue primarily through the sale of custom-built yachts and superyachts, which are often sold at premium prices due to their bespoke nature and high-quality materials. The company also earns income from the ref...
Italian Sea Group S.p.A. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 335.11M | 365.43M | 356.09M | 291.51M | 186.05M | 112.95M |
| Gross Profit | 237.52M | 155.84M | 130.91M | 113.10M | 68.06M | 32.52M |
| EBITDA | 50.85M | 78.59M | 63.39M | 43.57M | 26.77M | 13.74M |
| Net Income | 12.81M | 33.89M | 36.91M | 24.05M | 16.32M | 6.24M |
Balance Sheet | ||||||
| Total Assets | 481.77M | 406.06M | 377.39M | 342.26M | 235.07M | 122.95M |
| Cash, Cash Equivalents and Short-Term Investments | 61.64M | 60.25M | 76.41M | 81.32M | 85.61M | 17.94M |
| Total Debt | 132.60M | 72.76M | 74.53M | 91.39M | 42.83M | 21.79M |
| Total Liabilities | 335.79M | 261.09M | 246.25M | 233.26M | 142.19M | 82.73M |
| Stockholders Equity | 145.99M | 144.96M | 131.14M | 109.00M | 92.89M | 40.22M |
Cash Flow | ||||||
| Free Cash Flow | -38.26M | -13.21M | 22.62M | 44.53M | 12.98M | 15.98M |
| Operating Cash Flow | -36.92M | -9.43M | 25.37M | 64.37M | 36.75M | 27.74M |
| Investing Cash Flow | -2.20M | 20.03M | 1.00M | -103.79M | -26.27M | -13.69M |
| Financing Cash Flow | 48.13M | -26.76M | -31.27M | 35.13M | 57.18M | -1.86M |
Italian Sea Group S.p.A. Technical Analysis
Negative
0.90
Price Trends
2.62
Negative
3.41
Negative
4.30
Negative
Market Momentum
-0.48
Negative
27.62
Positive
26.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TISG, the sentiment is Negative. The current price of 0.9 is below the 20-day moving average (MA) of 1.29, below the 50-day MA of 2.62, and below the 200-day MA of 4.30, indicating a bearish trend. The MACD of -0.48 indicates Negative momentum. The RSI at 27.62 is Positive, neither overbought nor oversold. The STOCH value of 26.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:TISG.
Italian Sea Group S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
IT:TISG
Italian Sea Group S.p.A.
0.90
-4.49
-83.34%
IT:SL
Sanlorenzo S.p.A.
31.40
5.74
22.35%
IT:YACHT
Ferretti S.p.A.
4.10
1.90
86.19%
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.