MTAAYACHT
Market cap987mUSD
Dec 20, Last price
2.80EUR
1D
-4.12%
1Q
6.27%
IPO
-6.21%
Name
Ferretti SpA
Chart & Performance
P/E
11.39
P/S
0.83
EPS
0.25
Div Yield, %
2.10%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
1.13b
+10.13%
Net income
83m
+37.78%
CFO
94m
-35.71%
Earnings
Apr 22, 2025
Profile
Ferretti S.p.A. engages in the design, construction, and sale of luxury yachts and pleasure vessels under the brands of Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line, and Wally. It owns and manages seven shipyards located across Italy, which combine the industrial production with Italian craftsmanship, reaching customers in approximately 70 countries across the world with direct presence in Europe, the United States, and Asia, as well as through its network of approximately 60 dealers. The company is also involved in the provision of yacht brokerage, chartering, and management services, as well as after-sales and refitting; brand extension activities, such as lounges; and manufacturing and installation of wooden furnishings for nautical interiors. The company was founded in 1968 and is headquartered in Forlì, Italy. Ferretti S.p.A. is a subsidiary of Ferretti International Holding S.p.A.
Valuation
Title EUR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 1,134,484 10.13% | 1,030,099 14.66% | 898,421 46.96% | ||
Cost of revenue | 815,468 | 751,584 | 675,206 | ||
Unusual Expense (Income) | |||||
NOPBT | 319,016 | 278,515 | 223,215 | ||
NOPBT Margin | 28.12% | 27.04% | 24.85% | ||
Operating Taxes | 20,519 | 8,839 | 3,291 | ||
Tax Rate | 6.43% | 3.17% | 1.47% | ||
NOPAT | 298,497 | 269,676 | 219,924 | ||
Net income | 83,048 37.78% | 60,274 60.54% | 37,545 70.61% | ||
Dividends | (19,903) | (6,707) | (3,510) | ||
Dividend yield | 2.04% | ||||
Proceeds from repurchase of equity | 234,753 | ||||
BB yield | |||||
| Debt | |||||
Debt current | 12,254 | 15,500 | 31,157 | ||
Long-term debt | 47,660 | 52,214 | 88,127 | ||
Deferred revenue | 1,005 | 355 | |||
Other long-term liabilities | 20,915 | 1,000 | 16,889 | ||
Net debt | (254,200) | (250,177) | (58,374) | ||
| Cash flow | |||||
Cash from operating activities | 93,663 | 145,697 | 271,627 | ||
CAPEX | (152,946) | (81,453) | (76,314) | ||
Cash from investing activities | (55,678) | (162,632) | (74,144) | ||
Cash from financing activities | (39,198) | 158,044 | (58,050) | ||
FCF | 219,545 | 226,136 | 286,563 | ||
| Balance | |||||
Cash | 314,109 | 401,026 | 173,010 | ||
Long term investments | 5 | (83,135) | 4,648 | ||
Excess cash | 257,390 | 266,386 | 132,737 | ||
Stockholders' equity | 339,323 | 353,348 | 250,523 | ||
Invested Capital | 637,075 | 547,541 | 465,112 | ||
ROIC | 50.40% | 53.26% | 39.78% | ||
ROCE | 35.67% | 33.37% | 37.34% | ||
| EV | |||||
Common stock shares outstanding | 338,483 | 316,778 | 250,735 | ||
Price | 2.88 | ||||
Market cap | 974,830 | ||||
EV | 721,470 | ||||
EBITDA | 382,183 | 331,604 | 271,734 | ||
EV/EBITDA | 1.89 | ||||
Interest | 1,880 | 3,231 | 4,763 | ||
Interest/NOPBT | 0.59% | 1.16% | 2.13% | ||