Natuzzi S.p.a. (NTZ)
NYSE:NTZ
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Natuzzi SPA
(NYSE:NTZ)
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Rating:50Neutral
Price Target:
$3.00
▲(33.33% Upside)
Action:ReiteratedDate:01/08/26
The score is held back primarily by deteriorating financial performance (shrinking revenue, ongoing losses, negative free cash flow, and elevated leverage). Technicals are comparatively supportive with price above major moving averages and moderate positive momentum, while valuation remains challenged due to loss-making results. Earnings-call commentary is mixed, with margin improvement and growth initiatives tempered by weak demand, high fixed costs, and restructuring/leadership uncertainty.
Positive Factors
Brand & Multi-channel Reach
Natuzzi's established premium brand and diversified distribution (branded stores, franchisees, dealers, online and export channels) provide durable pricing power and customer loyalty. This multi-channel footprint supports resilient revenue streams and expansion into emerging markets over the medium term.
Negative Factors
Sharp Revenue Contraction
A sustained, material decline in revenue reduces economies of scale and amplifies fixed-cost pressure, undermining margins and profitability potential. Restoring top-line growth is critical; without it, restructuring and cost cuts may be insufficient to return the business to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand & Multi-channel Reach
Natuzzi's established premium brand and diversified distribution (branded stores, franchisees, dealers, online and export channels) provide durable pricing power and customer loyalty. This multi-channel footprint supports resilient revenue streams and expansion into emerging markets over the medium term.
Read all positive factors
Natuzzi SPA (NTZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.72M
Dividend YieldN/A
Average Volume (3M)3.12K
Price to Earnings (P/E)―
Beta (1Y)1.47
Revenue Growth-4.94%
EPS Growth11.35%
CountryUS
Employees3,205
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)N/A
Shares Outstanding11,014,609
10 Day Avg. Volume4,276
30 Day Avg. Volume3,123
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)0.95
Price to Sales (P/S)0.16
P/FCF Ratio-14.33
Enterprise Value/Market Cap0.14
Enterprise Value/Revenue0.01
Enterprise Value/Gross Profit0.04
Enterprise Value/Ebitda-0.49
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 generates revenue primarily through the sale of its premium furniture products, which include sofas, chairs, and home decor items. The company employs a multi-channel distribution strategy, selling directly to consumers through its branded...
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
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 312.40M | 318.80M | 328.62M | 468.49M | 427.38M | 328.34M |
| Gross Profit | 111.10M | 115.70M | 112.86M | 164.33M | 153.80M | 102.00M |
| EBITDA | -9.36M | 14.33M | 14.41M | 31.68M | 34.86M | 9.56M |
| Net Income | -17.45M | -15.15M | -16.07M | -540.00K | 3.58M | -24.68M |
Balance Sheet | ||||||
| Total Assets | 313.60M | 319.02M | 338.35M | 368.60M | 390.00M | 356.00M |
| Cash, Cash Equivalents and Short-Term Investments | 22.50M | 20.32M | 33.61M | 54.48M | 53.47M | 48.19M |
| Total Debt | 0.00 | 99.80M | 102.51M | 98.39M | 110.72M | 100.83M |
| Total Liabilities | 260.30M | 260.82M | 265.06M | 276.00M | 306.20M | 280.70M |
| Stockholders Equity | 49.00M | 54.01M | 68.94M | 87.90M | 82.30M | 74.30M |
Cash Flow | ||||||
| Free Cash Flow | -4.60M | -3.56M | -3.99M | 13.65M | -1.29M | 11.65M |
| Operating Cash Flow | 2.22M | 1.88M | 6.12M | 21.88M | 2.38M | 13.59M |
| Investing Cash Flow | 2.87M | -4.60M | -10.71M | -3.39M | 6.88M | 12.10K |
| Financing Cash Flow | -13.48M | -13.33M | -15.42M | -17.97M | -3.48M | -5.19M |
Natuzzi SPA Technical Analysis
Negative
2.25
Price Trends
3.04
Negative
2.85
Positive
2.96
Negative
Market Momentum
<0.01
Negative
46.28
Neutral
72.32
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 2.25 is below the 20-day moving average (MA) of 3.00, below the 50-day MA of 3.04, and below the 200-day MA of 2.96, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 72.32 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 0 New Risks
Natuzzi SPA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $259.20M | 7.91 | 12.37% | 1.77% | 6.00% | 64.58% | |
70 Outperform | $569.74M | 12.45 | 9.20% | 7.86% | -4.26% | ― | |
65 Neutral | $1.38B | 18.08 | 8.12% | 2.39% | 1.78% | -25.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $165.11M | -1.14 | -15.57% | 7.20% | -12.09% | -204.66% | |
50 Neutral | $31.72M | -1.43 | -35.17% | ― | -4.94% | 11.35% | |
48 Neutral | $121.15M | 29.10 | 3.24% | 4.59% | -2.74% | ― |
* Consumer Cyclical Sector Average
NTZ
Natuzzi SPA
2.88
-1.30
-31.10%
BSET
Bassett Furniture
14.01
-2.12
-13.14%
ETD
Ethan Allen
22.39
-2.25
-9.14%
FLXS
Flexsteel
48.49
16.20
50.18%
HOFT
Hooker Furniture
15.32
7.70
101.05%
LZB
La-Z-Boy Incorporated
33.78
-3.74
-9.97%
Natuzzi SPA Corporate Events
Natuzzi Reports Q3 2025 Financial Results Amidst Restructuring Efforts
Dec 16, 2025
Natuzzi S.p.A. reported its financial results for the third quarter of 2025, showing a slight decrease in total net sales to €74.4 million compared to the previous year. Despite a challenging business environment marked by geopolitical and m...
Natuzzi S.p.A. to Release Q3 and Nine-Month Financial Results
Dec 15, 2025
On December 15, 2025, Natuzzi S.p.A. announced it will release its unaudited financial results for the third quarter and first nine months of 2025 on December 16, 2025, after the NYSE closes. The company will hold a conference call on December 17,...
Natuzzi S.p.A. Reports Q2 2025 Financial Results Amid Restructuring Efforts
Nov 19, 2025
Natuzzi S.p.A. reported a decline in financial performance for the second quarter of 2025, with net sales dropping to €78.3 million, a 7.2% decrease from the previous year. The company faced challenges due to geopolitical instability, weak c...
Natuzzi S.p.A. Releases 2025 Mid-Year Financial Results
Nov 19, 2025
On November 19, 2025, Natuzzi S.p.A. announced the release of its unaudited financial results for the second quarter and first half of 2025, scheduled for the same day after the NYSE closes. The company will hold a conference call on November 20, ...
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.