Financials Racing Force S.p.A.

Equities

RFG

IT0005466963

Recreational Products

Market Closed - Borsa Italiana 11:44:59 2024-04-30 am EDT 5-day change 1st Jan Change
4 EUR +1.27% Intraday chart for Racing Force S.p.A. -3.61% -23.95%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 142.3 130.7 135.2 102.8 - -
Enterprise Value (EV) 1 145.8 138.4 135.2 107.8 110.8 118.8
P/E ratio 35.2 x - - 22.2 x 16.8 x 14.3 x
Yield 1.17% 1.64% - 1.75% 2.61% 3.55%
Capitalization / Revenue 3.05 x 2.22 x 2.16 x 1.57 x 1.45 x 1.34 x
EV / Revenue 3.12 x 2.35 x 2.16 x 1.64 x 1.57 x 1.54 x
EV / EBITDA 16.3 x 11.8 x 14.1 x 10.2 x 8.63 x 8.49 x
EV / FCF 66.2 x -102 x - 26.3 x 23.6 x 49.5 x
FCF Yield 1.51% -0.98% - 3.8% 4.24% 2.02%
Price to Book - - - 2 x 1.9 x 1.74 x
Nbr of stocks (in thousands) 23,757 23,757 25,699 25,699 - -
Reference price 2 5.990 5.500 5.260 4.000 4.000 4.000
Announcement Date 3/29/22 3/29/23 4/18/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 46.67 58.87 62.66 65.6 70.75 77
EBITDA 1 8.954 11.69 9.62 10.6 12.85 14
EBIT 1 5.511 8.814 6.278 6.8 8.85 10
Operating Margin 11.81% 14.97% 10.02% 10.37% 12.51% 12.99%
Earnings before Tax (EBT) 1 5.235 8.713 5.77 6 7 9
Net income 1 4.168 7.549 4.793 4.5 6.35 7
Net margin 8.93% 12.82% 7.65% 6.86% 8.98% 9.09%
EPS 2 0.1700 - - 0.1800 0.2380 0.2800
Free Cash Flow 1 2.203 -1.354 - 4.1 4.7 2.4
FCF margin 4.72% -2.3% - 6.25% 6.64% 3.12%
FCF Conversion (EBITDA) 24.6% - - 38.68% 36.58% 17.14%
FCF Conversion (Net income) 52.85% - - 91.11% 74.02% 34.29%
Dividend per Share 2 0.0700 0.0900 - 0.0700 0.1045 0.1420
Announcement Date 3/29/22 3/29/23 4/18/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1
Net sales 1 37.2
EBITDA 1 7.932
EBIT 1 6.374
Operating Margin 17.13%
Earnings before Tax (EBT) -
Net income 1 4.876
Net margin 13.11%
EPS -
Dividend per Share -
Announcement Date 9/21/23
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 3.52 7.76 - 5 8.05 16
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3931 x 0.6637 x - 0.4717 x 0.6265 x 1.143 x
Free Cash Flow 1 2.2 -1.35 - 4.1 4.7 2.4
ROE (net income / shareholders' equity) 25.9% 22.7% - 8.9% 12% -
ROA (Net income/ Total Assets) - 11.2% - 5.6% 7.6% -
Assets 1 - 67.7 - 80.36 83.55 -
Book Value Per Share 2 - - - 2.000 2.100 2.300
Cash Flow per Share - - - - - -
Capex 1 2.25 4.51 - 5.9 3.75 4.8
Capex / Sales 4.83% 7.66% - 8.99% 5.3% 6.23%
Announcement Date 3/29/22 3/29/23 4/18/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
4 EUR
Average target price
6.1 EUR
Spread / Average Target
+52.50%
Consensus

Quarterly revenue - Rate of surprise

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