Natuzzi SPA (NTZ) AI Stock Analysis

• Market Cap: $36.13M
• Dividend Yield: N/A
• Average Volume (3M): 2.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: -5.41%
• EPS Growth: -21.60%
• Country: US
• Employees: 3,205
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): N/A
• Shares Outstanding: 11,014,609
• 10 Day Avg. Volume: 1,723
• 30 Day Avg. Volume: 2,762
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: $3.50
• Price Target Upside: 6.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: $3.50 ▲(6.71% Upside)

Natuzzi SPA's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. Technical analysis shows some short-term strength, but long-term indicators remain weak. Valuation is poor due to negative earnings and lack of dividends, making the stock less attractive. Despite some positive efforts highlighted in the earnings call, the company's financial challenges remain significant.

Natuzzi SPA Business Overview & Revenue Model

Company Description

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores worldwide. It operates through two segments, Natuzzi Brand and Private Label. The company's products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; home furnishing accessories, including coffee tables, lamps, rugs, and wall units; and home accessories, which include vases, mirrors, magazines racks, trays, and decorative objects. It also sells polyurethane foam and leather by-products. As of December 31, 2021, it operated 253 Natuzzi Italia stores; 72 Divani&Divani by Natuzzi stores; and 326 Natuzzi Editions stores. The company was formerly known as Industrie Natuzzi S.p.A. and changed its name to Natuzzi S.p.A. in June 2002. Natuzzi S.p.A. was incorporated in 1959 and is headquartered in Santeramo in Colle, Italy.

How the Company Makes Money

Natuzzi generates revenue through multiple channels, primarily focusing on the sale of its upholstered furniture products. The company operates a direct-to-consumer sales model through its retail stores and an extensive network of authorized dealers and franchisees worldwide. Key revenue streams include the sale of sofas, chairs, and other living room furniture, as well as complementary home decor items. Additionally, Natuzzi benefits from strategic partnerships with retailers and designers that enhance its market reach. The company also invests in marketing and branding initiatives to strengthen its presence in the luxury furniture market, further driving sales and profitability.

Natuzzi SPA Financial Statement Overview

Summary

Natuzzi SPA faces significant financial challenges, with declining revenues and persistent losses impacting its overall financial health. The balance sheet shows high leverage and decreasing equity, which could exacerbate financial stress. Cash flow issues further limit the company's ability to invest in growth or manage debt efficiently.

Income Statement

Natuzzi SPA's revenue has been declining from $468.5M in 2022 to $318.8M in 2024, indicating a significant revenue contraction. The company has reported negative EBIT and net income for recent years, reflecting operational losses and challenges in achieving profitability. Gross profit margins have also decreased, indicating pressures on cost management. The consistent negative net profit margin and EBIT margin highlight ongoing profitability struggles.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating higher financial leverage, which poses a risk given the company's profitability issues. Equity has decreased from 2023 to 2024, reducing financial stability. However, the equity ratio remains moderate, suggesting some degree of asset backing. The decline in total assets and equity over the years flags potential liquidity issues.

Cash Flow

The company's cash flow statement reveals negative free cash flow in recent years, indicating insufficient cash generation to cover capital expenditures. Operating cash flow has also diminished, reflecting reduced cash generation from core operations. The weak operating cash flow to net income ratio further highlights challenges in converting income to cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	318.80M	328.62M	468.50M	427.40M	328.30M
Gross Profit	115.70M	120.36M	164.30M	153.80M	103.10M
EBITDA	14.33M	14.41M	31.68M	8.80M	9.56M
Net Income	-15.15M	-16.07M	1.30M	3.58M	-24.90M
Balance Sheet
Total Assets	319.02M	338.35M	368.60M	390.00M	356.00M
Cash, Cash Equivalents and Short-Term Investments	20.32M	33.61M	54.48M	53.47M	48.19M
Total Debt	99.80M	102.51M	98.39M	110.72M	100.83M
Total Liabilities	260.82M	265.06M	276.00M	306.20M	280.70M
Stockholders Equity	54.01M	68.94M	87.90M	82.30M	74.30M
Cash Flow
Free Cash Flow	-5.41M	-8.61M	9.09M	-4.49M	9.43M
Operating Cash Flow	1.72M	3.21M	18.70M	500.00K	12.30M
Investing Cash Flow	-4.32M	-7.88M	-4.70M	7.00M	2.30M
Financing Cash Flow	-12.76M	-15.70M	-13.50M	-2.00M	-5.60M

Natuzzi SPA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.28
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 3.28 is below the 20-day moving average (MA) of 3.47, above the 50-day MA of 3.07, and below the 200-day MA of 3.98, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 21.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NTZ.

Natuzzi SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ETD	74 Outperform	$743.66M	14.52	10.70%	6.56%	-4.89%	-19.26%
FLXS	73 Outperform	$250.50M	13.38	12.01%	1.56%	6.86%	88.42%
LZB	64 Neutral	$1.43B	15.94	9.01%	2.53%	2.18%	-22.35%
BSET	55 Neutral	$137.30M	55.56	1.48%	5.06%	-7.22%	―
NTZ	46 Neutral	$36.13M	―	-30.18%	―	-5.41%	-21.60%
MLKN	45 Neutral	$1.23B	-32.22	-2.89%	4.17%	1.14%	-149.26%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Natuzzi SPA Corporate Events

Natuzzi Appoints Telecom Italia CEO Pietro Labriola as Non-Executive Director

Natuzzi S.p.A. announced the appointment of Mr. Pietro Labriola as a non-executive director, effective August 6, 2025. Mr. Labriola, currently the CEO of Telecom Italia, brings over 30 years of experience in telecom and technology sectors. His appointment is expected to drive Natuzzi’s digital transformation and sustainable growth, leveraging his strategic vision and operational expertise.

Natuzzi S.p.A. CEO Resignation Announced

On July 31, 2025, Natuzzi S.p.A. announced the resignation of its CEO, Antonio Achille, effective July 30, 2025. The Board of Directors has temporarily assigned the CEO’s responsibilities to Executive Chairman Pasquale Natuzzi. Achille’s leadership was noted for strategic transformation initiatives, and his departure marks a significant transition for the company.

Natuzzi S.p.A. Reports Q1 2025 Financial Results Amid Strategic Shifts

In the first quarter of 2025, Natuzzi S.p.A. reported a decline in net sales by 7.6% compared to the previous year, primarily due to a production shift from China to Italy for the North American market. The company faced an operating loss and increased net finance costs due to unfavorable currency movements. Despite these challenges, Natuzzi has intensified efforts to support its commercial strategy, focusing on new collections and market expansion in Europe and North America. The company aims to strengthen its brand and improve operational efficiency amid geopolitical tensions and economic uncertainties.

Natuzzi S.p.A. Schedules Q1 2025 Financial Results Release and Conference Call

On June 30, 2025, Natuzzi S.p.A. announced that it will release its unaudited first quarter financial results for 2025 on July 2, 2025, after the New York Stock Exchange closes. The company will host a conference call on July 3, 2025, to discuss these results, providing stakeholders with insights into its financial performance and strategic direction.