Financials Racing Force S.p.A.

Equities

RFG

IT0005466963

Recreational Products

Market Closed - Borsa Italiana 11:44:59 2024-06-07 am EDT 5-day change 1st Jan Change
3.86 EUR +1.31% Intraday chart for Racing Force S.p.A. 0.00% -26.62%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 142.3 130.7 135.2 99.19 - -
Enterprise Value (EV) 1 145.8 138.4 142.8 110.2 111.1 109
P/E ratio 35.2 x - - 24.1 x 17.3 x 6.03 x
Yield 1.17% 1.64% 1.71% 1.55% 2.58% 3.13%
Capitalization / Revenue 3.05 x 2.22 x 2.16 x 1.51 x 1.4 x 1.31 x
EV / Revenue 3.12 x 2.35 x 2.28 x 1.68 x 1.57 x 1.44 x
EV / EBITDA 16.3 x 11.8 x 14.8 x 10.4 x 8.65 x 7.55 x
EV / FCF 66.2 x -102 x -27.5 x -275 x 27.4 x 25.1 x
FCF Yield 1.51% -0.98% -3.63% -0.36% 3.64% 3.99%
Price to Book - - - 1.93 x 1.84 x 1.68 x
Nbr of stocks (in thousands) 23,757 23,757 25,699 25,696 - -
Reference price 2 5.990 5.500 5.260 3.860 3.860 3.860
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 75.9
EBITDA 1 8.954 11.69 9.62 10.6 12.85 14.45
EBIT 1 5.511 8.814 6.278 6.1 8.35 9.8
Operating Margin 11.81% 14.97% 10.02% 9.3% 11.8% 12.91%
Earnings before Tax (EBT) 1 5.235 8.713 5.77 6 7 9
Net income 1 4.168 7.549 4.793 4 5.95 6.8
Net margin 8.93% 12.82% 7.65% 6.1% 8.41% 8.96%
EPS 2 0.1700 - - 0.1600 0.2230 0.6400
Free Cash Flow 1 2.203 -1.354 -5.185 -0.4 4.05 4.35
FCF margin 4.72% -2.3% -8.27% -0.61% 5.72% 5.73%
FCF Conversion (EBITDA) 24.6% - - - 31.52% 30.1%
FCF Conversion (Net income) 52.85% - - - 68.07% 63.97%
Dividend per Share 2 0.0700 0.0900 0.0900 0.0600 0.0995 0.1210
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 7.59 11 12 9.85
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3931 x 0.6637 x 0.7889 x 1.038 x 0.93 x 0.6817 x
Free Cash Flow 1 2.2 -1.35 -5.18 -0.4 4.05 4.35
ROE (net income / shareholders' equity) 25.9% 22.7% 11.3% 8% 10.8% -
ROA (Net income/ Total Assets) - 11.2% 6.45% 5% 6.8% -
Assets 1 - 67.7 74.29 80 87.5 -
Book Value Per Share 2 - - - 2.000 2.100 2.300
Cash Flow per Share - - - - - -
Capex 1 2.25 4.51 6.17 9.5 5.05 4.45
Capex / Sales 4.83% 7.66% 9.84% 14.48% 7.14% 5.86%
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
3.86 EUR
Average target price
6.1 EUR
Spread / Average Target
+58.03%
Consensus

Quarterly revenue - Rate of surprise

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