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

• Market Cap: €253.34M
• Dividend Yield: 6.2%
• Average Volume (3M): 113.66K
• Price to Earnings (P/E): 14.9
• Beta (1Y): 0.65
• Revenue Growth: 12.02%
• EPS Growth: -8.17%
• Country: IT
• Employees: 657
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 0.08
• Shares Outstanding: 53,000,000
• 10 Day Avg. Volume: 141,779
• 30 Day Avg. Volume: 113,661
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €7.23
• Price Target Upside: 83.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: €4.50 ▲(13.92% Upside)

Italian Sea Group S.p.A. shows strong valuation metrics with a low P/E ratio and high dividend yield, making it attractive for value and income investors. However, technical indicators suggest bearish momentum, which could pose short-term risks. The company's financial performance remains robust, but recent cash flow challenges need to be addressed to sustain long-term growth.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for TISG's luxury yachts and services, enhancing market position and long-term prospects.

Operational Efficiency

Strong profit margins suggest effective cost control and operational efficiency, supporting sustainable profitability and competitive advantage.

Financial Stability

A stable financial structure with manageable debt levels ensures TISG's ability to invest in growth and withstand economic fluctuations.

Negative Factors

Cash Flow Challenges

Fluctuating cash flow can hinder TISG's ability to fund operations and growth initiatives, potentially impacting long-term financial health.

Decline in Net Income

A decline in net income could signal challenges in sustaining profitability, necessitating strategic adjustments to maintain growth.

Free Cash Flow Decline

Declining free cash flow may limit TISG's ability to invest in new projects and innovations, affecting future growth potential.

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 100 meters under the Admiral, Tecnomar, Perini Navi, and Picchiotti brands. The company also offers refit services with a focus on motor and sailing yachts under the NCA Refit brand. The company was founded in 1942 and is based in Marina di Carrara, Italy. The Italian Sea Group S.p.A. is a subsidiary of GC Holding S.P.A.

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 refit and maintenance of existing vessels, providing ongoing services to yacht owners. Additional revenue streams may include partnerships with luxury brands for co-branding opportunities and collaborations, as well as financing options for customers purchasing yachts. The firm benefits from its established reputation and relationships within the maritime industry, which help in acquiring new clients and projects.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	331.83M	365.43M	356.09M	291.51M	186.05M	112.95M
Gross Profit	148.14M	155.84M	130.91M	113.10M	68.06M	32.52M
EBITDA	57.71M	78.59M	63.39M	43.57M	26.77M	13.74M
Net Income	17.05M	33.89M	36.91M	24.05M	16.32M	6.24M
Balance Sheet
Total Assets	470.66M	406.06M	377.39M	342.26M	235.07M	122.95M
Cash, Cash Equivalents and Short-Term Investments	71.83M	60.25M	76.41M	81.32M	85.61M	17.94M
Total Debt	135.07M	72.76M	74.53M	91.39M	42.83M	21.79M
Total Liabilities	328.39M	261.09M	246.25M	233.26M	142.19M	82.73M
Stockholders Equity	142.28M	144.96M	131.14M	109.00M	92.89M	40.22M
Cash Flow
Free Cash Flow	-16.77M	-13.21M	22.62M	44.53M	12.98M	15.98M
Operating Cash Flow	-14.66M	-9.43M	25.37M	64.37M	36.75M	27.74M
Investing Cash Flow	-2.12M	20.03M	1.00M	-103.79M	-26.27M	-13.69M
Financing Cash Flow	48.31M	-26.76M	-31.27M	35.13M	57.18M	-1.86M

Italian Sea Group S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3.95 is below the 20-day moving average (MA) of 4.34, below the 50-day MA of 4.73, and below the 200-day MA of 5.57, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 36.91 is Neutral, neither overbought nor oversold. The STOCH value of 62.13 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TISG	70 Outperform	€253.34M	14.85	―	6.20%	12.02%	-8.17%
SL	67 Neutral	€1.20B	11.11	23.62%	3.48%	9.07%	6.71%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%