Natuzzi S.p.a. (NTZ)
NYSE:NTZ
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Natuzzi SPA
(NYSE:NTZ)
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Rating:41Neutral
Price Target:
$2.00
▼(-11.11% Downside)
Action:Reiterated
Date:05/19/26
The score is held down primarily by weak financial performance, including deteriorating margins, ongoing losses, higher leverage from equity erosion, and negative recent operating/free cash flow. Technical indicators also suggest a bearish-to-neutral setup with price below key moving averages and negative MACD. Valuation provides limited support because the company is loss-making (negative P/E) and dividend yield data is unavailable.
Positive Factors
Recognized brand & broad retail network
Natuzzi's established global monobrand stores, galleries and curated placements plus ISO 9001/14001/45001 and FSC credentials support a durable premium positioning. This channel and brand breadth diversify revenue sources and underpin long-term customer trust and repeat demand across markets.
Negative Factors
Margin deterioration and sustained losses
Sharp margin compression and a return to substantial net losses indicate weaker pricing power or rising costs. Persistent negative margins undermine internal cash generation, limit reinvestment in design and retail, and threaten competitiveness unless structural cost or pricing fixes restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recognized brand & broad retail network
Natuzzi's established global monobrand stores, galleries and curated placements plus ISO 9001/14001/45001 and FSC credentials support a durable premium positioning. This channel and brand breadth diversify revenue sources and underpin long-term customer trust and repeat demand across markets.
Read all positive factors
Natuzzi SPA (NTZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.01M
Dividend YieldN/A
Average Volume (3M)3.12K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth0.94%
EPS Growth-107.21%
CountryUS
Employees3,205
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-1.59
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 Cap4.26
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit0.92
Enterprise Value/Ebitda-10.93
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 SPA (NTZ) is a leading Italian furniture manufacturer renowned for its luxury leather sofas and home furnishings. Established in 1959, the company operates primarily in the high-end furniture sector, specializing in the design and producti...
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:Nov 19, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jun 26, 2026
Earnings Call Sentiment Neutral
The earnings call highlights some positive strides, such as improved gross margins and strategic governmental discussions, and potential growth in the Contract Trade Division. However, these are balanced by significant challenges, including weak consumer confidence, a decline in unbranded product sales, high SG&A costs, and labor cost issues in Italy.Positive Updates
Improved Gross Margin
The company improved its gross margin this quarter, surpassing levels recorded in the first two quarters of the year, due to a more favorable sales mix. Sales of Natuzzi Italia, which deliver higher margins, grew by 18% compared to the third quarter of last year.
Negative Updates
Weak Consumer Confidence
Consumer confidence remains weak due to geopolitical factors, negatively impacting foot traffic in stores, particularly in the United States and Europe, despite investments in marketing.
Read all updates
Q3-2025 Updates
Positive
Negative
Improved Gross Margin
The company improved its gross margin this quarter, surpassing levels recorded in the first two quarters of the year, due to a more favorable sales mix. Sales of Natuzzi Italia, which deliver higher margins, grew by 18% compared to the third quarter of last year.
Read all positive updates
Company Guidance
In the third quarter of 2025, Natuzzi S.p.A. reported significant improvements in gross margin, attributed to a favorable sales mix, with Natuzzi Italia's sales growing by 18% compared to the previous year. However, overall foot traffic in stores, particularly in the U.S. and Europe, remains weak despite efforts to improve conversion rates and increase marketing investments. The company is focused on cost reduction, including a strategic reshoring process from China to Italy, which has increased labor costs. SG&A costs remain high relative to current revenue, prompting a commitment to reduce fixed costs. Natuzzi is actively engaging with the Italian government to improve production efficiency and is investing in international trade events and visual merchandising to enhance customer experience. Additionally, the company is working on a restructuring plan to rationalize its Italian factories, aiming to reduce the workforce from 1,350 to around 750-800 employees. The commercial division is seen as a significant growth opportunity, with potential revenues between EUR 5 million and EUR 10 million forecasted for 2026. The search for a new CEO is ongoing, with a decision expected soon.Natuzzi SPA Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 312.40M | 296.05M | 318.80M | 328.62M | 468.49M | 427.38M |
| Gross Profit | 111.10M | 85.58M | 115.70M | 112.86M | 164.33M | 153.80M |
| EBITDA | -9.36M | -3.22M | 14.33M | 14.41M | 31.68M | 34.86M |
| Net Income | -17.45M | -28.75M | -15.15M | -16.07M | -540.00K | 3.58M |
Balance Sheet | ||||||
| Total Assets | 313.60M | 268.75M | 319.02M | 338.35M | 368.60M | 390.00M |
| Cash, Cash Equivalents and Short-Term Investments | 22.50M | 20.31M | 20.32M | 33.61M | 54.48M | 53.47M |
| Total Debt | 0.00 | 101.94M | 99.80M | 102.51M | 98.39M | 110.72M |
| Total Liabilities | 260.30M | 232.90M | 260.82M | 265.06M | 276.00M | 306.20M |
| Stockholders Equity | 49.00M | 22.97M | 54.01M | 68.94M | 87.90M | 82.30M |
Cash Flow | ||||||
| Free Cash Flow | -4.60M | -8.14M | -3.56M | -3.99M | 13.65M | -1.29M |
| Operating Cash Flow | 2.22M | -2.17M | 1.88M | 6.12M | 21.88M | 2.38M |
| Investing Cash Flow | 2.87M | 692.54K | -4.60M | -10.71M | -3.39M | 6.88M |
| Financing Cash Flow | -13.48M | 1.20M | -13.33M | -15.42M | -17.97M | -3.48M |
Natuzzi SPA Technical Analysis
Negative
2.25
Price Trends
2.90
Negative
2.97
Negative
2.94
Negative
Market Momentum
-0.17
Positive
26.26
Positive
3.10
Positive
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 2.25 is below the 20-day moving average (MA) of 2.72, below the 50-day MA of 2.90, and below the 200-day MA of 2.94, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 26.26 is Positive, neither overbought nor oversold. The STOCH value of 3.10 is Positive, 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $308.59M | 9.87 | 17.68% | 1.77% | 4.83% | 111.79% | |
69 Neutral | $524.70M | 13.05 | 8.46% | 7.86% | -4.79% | -30.21% | |
65 Neutral | $1.54B | 18.46 | 8.12% | 2.39% | 1.69% | -31.16% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $129.01M | -4.72 | -14.75% | 7.20% | -23.22% | -111.83% | |
48 Neutral | $129.36M | 24.21 | 3.24% | 4.59% | 2.44% | ― | |
41 Neutral | $24.01M | -0.69 | -35.17% | ― | 0.94% | -107.21% |
* Consumer Cyclical Sector Average
NTZ
Natuzzi SPA
2.18
-2.17
-49.89%
BSET
Bassett Furniture
14.96
-0.58
-3.72%
ETD
Ethan Allen
20.62
-3.26
-13.66%
FLXS
Flexsteel
57.62
28.79
99.84%
HOFT
Hooker Furniture
11.97
2.59
27.54%
LZB
La-Z-Boy Incorporated
37.58
-2.46
-6.14%
Natuzzi SPA Corporate Events
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...
Natuzzi S.p.A. Files Form 12b-25 for Delay in 2025 Annual Report
May 1, 2026
On May 1, 2026, Natuzzi S.p.A. disclosed that it had filed a Form 12b-25 with the U.S. Securities and Exchange Commission, announcing a delay in submitting its Annual Report on Form 20-F for the fiscal year ended December 31, 2025. The notice sign...
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.