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Natuzzi SPA
(NYSE:NTZ)
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Rating:44Neutral
Price Target:
$1.50
▲(5.63% Upside)
Action:Upgraded
Date:08/07/26
NTZ scores low primarily due to deteriorating financial performance (deeper losses, compressed margins, rising leverage from equity erosion, and negative operating/free cash flow). Technical indicators reinforce the risk with a clear downtrend and weak momentum. The earnings call adds some offset from a defined restructuring plan aimed at improving margins, but near-term execution, demand softness, and restructuring-related uncertainty remain significant.
Positive Factors
Design-led 'Made in Italy' brand and certifications
Natuzzi’s design-led, Italian-made positioning and recognized quality and environmental certifications support durable brand equity and premium positioning. This underpins long-term pricing power and trust with architects, retailers and contract clients across international markets, aiding sustainable demand recovery.
Negative Factors
Deteriorating profitability and margins
Persistent margin compression and recurring losses indicate weakened pricing power and/or higher input and footprint costs. Continued negative profitability undermines reinvestment, limits ability to build reserves, and raises the bar for operational fixes to produce sustainable positive returns over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Design-led 'Made in Italy' brand and certifications
Natuzzi’s design-led, Italian-made positioning and recognized quality and environmental certifications support durable brand equity and premium positioning. This underpins long-term pricing power and trust with architects, retailers and contract clients across international markets, aiding sustainable demand recovery.
Read all positive factors
Natuzzi SPA (NTZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.44M
Dividend YieldN/A
Average Volume (3M)3.12K
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth0.94%
EPS Growth-107.21%
CountryUS
Employees3,193
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-2.15
Shares Outstanding11,014,609
10 Day Avg. Volume4,276
30 Day Avg. Volume3,123
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.96
Price to Sales (P/S)0.07
P/FCF Ratio-2.72
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Natuzzi SPA Business Overview & Revenue Model
Company Description
Natuzzi S.p.A. is a company that specializes in the global design, production, and sale of upholstered furniture, featuring both leather and fabric options. Its products reach consumers worldwide through both company-owned and franchised retail es...
How the Company Makes Money
Natuzzi makes money primarily by selling upholstered furniture and related home-furnishing products through multiple go-to-market channels. Its key revenue streams include: (1) Retail and direct-to-consumer sales: revenue from products sold throug...
Natuzzi SPA Earnings Call Summary
Earnings Call Date:Jun 26, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Sep 25, 2026
Earnings Call Sentiment Negative
The call balanced plans for structural and commercial transformation (retail expansion, Natuzzi Studio, relocations to improve industrial margins, and enhanced commercial/finance integration) with significant near‑term challenges: a disappointing quarter, margin pressure from prior production moves, an oversized Italian footprint requiring plant consolidation, workforce exits and double‑digit declines in store traffic. While there are promising strategic initiatives that could support recovery over time, the immediate financial and operational headwinds and associated restructuring costs create meaningful near‑term downside risk.Positive Updates
Retail Network Expansion
Opened 26 new stores in first half of 2026 following 49 store openings in 2025; expansion largely franchise-funded (FOS), signaling dealer confidence and continued retail footprint growth.
Negative Updates
Disappointing Quarter and Weak Market Environment
Company described Q1 2026 results as clearly disappointing, driven by external factors including geopolitical instability, historically low U.S. housing market activity and persistently weak consumer sentiment, negatively affecting sales and performance.
Read all updates
Q1-2026 Updates
Positive
Negative
Retail Network Expansion
Opened 26 new stores in first half of 2026 following 49 store openings in 2025; expansion largely franchise-funded (FOS), signaling dealer confidence and continued retail footprint growth.
Read all positive updates
Company Guidance
Management guided that beginning in July they are executing a restructuring to cut fixed costs and restore margins, including relocating Natuzzi Editions U.S. production from Italy to Romania (addressing a business volume they estimate at roughly EUR 30–40 million with a preliminary ~25% benefit to that portion), reducing Italian plants from 5 to 2, and implementing a voluntary exit program with ~120 employees who, if confirmed, would leave the roster by January 2027 (exit cash flows occurring in 2027); they also flagged possible disposal of noncore assets with potential rehiring of ~40 people, noted store openings of 26 in H1 2026 (49 in 2025) even as store traffic falls at a double‑digit rate, and said the relocation and other measures will affect results in the second half of the year with full‑year impacts reflected in management’s estimates.Natuzzi SPA Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
30
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 296.05M | 318.80M | 328.62M | 468.49M | 427.38M |
| Gross Profit | 85.58M | 115.70M | 112.86M | 164.33M | 153.80M |
| EBITDA | -1.23M | 14.33M | 14.41M | 31.68M | 34.86M |
| Net Income | -28.75M | -15.15M | -16.07M | -540.00K | 3.58M |
Balance Sheet | |||||
| Total Assets | 268.75M | 319.02M | 338.35M | 368.60M | 390.00M |
| Cash, Cash Equivalents and Short-Term Investments | 20.31M | 20.32M | 33.61M | 54.48M | 53.47M |
| Total Debt | 101.94M | 99.80M | 102.51M | 98.39M | 110.72M |
| Total Liabilities | 232.90M | 260.82M | 265.06M | 276.00M | 306.20M |
| Stockholders Equity | 22.97M | 54.01M | 68.94M | 87.90M | 82.30M |
Cash Flow | |||||
| Free Cash Flow | -8.14M | -3.56M | -3.99M | 13.65M | -1.29M |
| Operating Cash Flow | -2.17M | 1.88M | 6.12M | 21.88M | 2.38M |
| Investing Cash Flow | 692.54K | -4.60M | -10.71M | -3.39M | 6.88M |
| Financing Cash Flow | 1.20M | -13.33M | -15.42M | -17.97M | -3.48M |
Natuzzi SPA Technical Analysis
Negative
1.42
Price Trends
1.81
Negative
2.37
Negative
2.61
Negative
Market Momentum
-0.16
Negative
31.27
Neutral
41.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NTZ, the sentiment is Negative. The current price of 1.42 is below the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.81, and below the 200-day MA of 2.61, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 31.27 is Neutral, neither overbought nor oversold. The STOCH value of 41.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NTZ.
Natuzzi SPA Risk Analysis
Natuzzi SPA disclosed 25 risk factors in its most recent earnings report. Natuzzi SPA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
Failure to protect our intellectual property rights could adversely affect us Q4, 2023
2.
Our inability to accurately forecast demand for our products could affect our profitability Q4, 2023
Natuzzi SPA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $396.47M | 12.63 | 17.68% | 1.13% | 4.83% | 111.79% | |
70 Outperform | $1.58B | 15.82 | 9.83% | 2.38% | 0.83% | 4.17% | |
69 Neutral | $570.00M | 14.36 | 8.40% | 7.93% | -5.72% | ― | |
64 Neutral | $150.06M | -6.50 | -13.04% | 4.18% | -25.67% | -96.05% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $164.25M | 29.99 | 3.32% | 4.10% | 1.96% | 122.75% | |
44 Neutral | $13.44M | -0.39 | -83.25% | ― | 0.94% | -107.21% |
* Consumer Cyclical Sector Average
NTZ
Natuzzi SPA
1.28
-1.38
-51.89%
BSET
Bassett Furniture
20.28
4.91
31.97%
ETD
Ethan Allen
23.51
-3.70
-13.59%
FLXS
Flexsteel
76.89
44.10
134.49%
HOFT
Hooker Furniture
15.16
6.00
65.56%
LZB
La-Z-Boy Incorporated
40.64
5.08
14.29%
Natuzzi SPA Corporate Events
Natuzzi Launches Deep Restructuring as Q1 2026 Losses Mount and NYSE Delisting Risk Looms
Aug 5, 2026
Natuzzi reported unaudited first-quarter 2026 revenue of €59.5 million, down from €78.1 million a year earlier, with gross margin slipping to 32.9% and operating loss widening to €2.0 million. The weak results, attributed to geop...
Natuzzi Sets August 5 Release and Call for Q1 2026 Results
Aug 4, 2026
Natuzzi S.p.A., the Italian luxury furniture maker listed on the NYSE, plans to release its unaudited first-quarter 2026 financial information after the close of U.S. trading on August 5, 2026. The disclosure will cover performance in the opening ...
Natuzzi Board Member Pietro Labriola Resigns Amid Ongoing Turnaround Effort
May 29, 2026
Natuzzi S.p.A., the Italy-based luxury furniture maker known for its Italian-designed sofas and home furnishings, said on May 29, 2026 that non-executive director Pietro Labriola has resigned from its board due to increased professional commitment...
NYSE Accepts Natuzzi’s Compliance Plan After Listing Standards Breach
May 22, 2026
Natuzzi S.p.A., founded in 1959, is a global Italian luxury furniture producer and distributor, selling design-focused home furnishings through hundreds of monobrand stores, branded galleries and curated placements worldwide. The company emphasize...
Natuzzi Files 2025 Form 20-F Annual Report with U.S. SEC
May 15, 2026
Natuzzi S.p.A., the Italian luxury furniture maker listed on the NYSE, operates a broad international retail network of monobrand stores, galleries and curated placements that showcase its Italian-designed and predominantly Italian-made collection...
Natuzzi Posts Wider Q4 2025 Loss and Moves to Negotiated Crisis Procedure
May 15, 2026
Natuzzi reported unaudited results for the fourth quarter of 2025, with net sales rising 3.4% year-on-year to €77.5 million but gross margin dropping to 30.2%, largely due to the planned shift of Natuzzi Editions production from China to Ita...
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.