Technogym S.p.A. (TN2) Stock Price & Analysis
TN2 Stock Chart & Stats
- Day’s Range
- EUR 13.99 - EUR 13.99
- 52-Week Range
- EUR 12.00 - EUR 21.66
- Previous Close
- EUR 13.60
- Volume
- 121
- Average Volume (3M)
- 6
- Market Cap
- EUR 2.76B
- Enterprise Value
- EUR 2.94B
- Total Cash (Recent Filing)
- EUR 210.92M
- Total Debt (Recent Filing)
- EUR 124.66M
- Price to Earnings (P/E)
- 23.7
- Beta
- 0.73
- Next Earnings
- Mar 18, 2027 (Est.)
- EPS Estimate
- 0.39
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.71%
Bulls Say, Bears Say
Bulls Say
Revenue And Earnings Growth
Technogym has more than doubled revenue since 2020 while substantially increasing net income, showing durable expansion in its equipment, digital, and wellness ecosystem. Continued 2025 growth indicates the business is still gaining scale and converting market presence into stronger earnings.
Conservative Balance Sheet
Falling debt and low leverage provide financial flexibility across the next several quarters. A conservative balance sheet reduces financing pressure, supports investment in connected products and services, and gives Technogym greater resilience if customer spending or equipment replacement cycles weaken.
Strong Cash Generation
Healthy operating and free cash flow demonstrate that reported profits are supported by cash conversion rather than being purely accounting-based. This gives Technogym capacity to fund operations, product development, shareholder distributions, and growth initiatives with less reliance on external capital.
Bears Say
Gross Margin Variability
The lower 2025 gross margin signals that profitability may be sensitive to product mix or cost conditions. If this variability persists, revenue growth may translate less efficiently into operating earnings, making future margin expansion and earnings quality less predictable over the medium term.
Free Cash Flow Volatility
Recent cash generation is strong, but prior negative free cash flow growth shows that conversion can fluctuate across reporting periods. This variability may complicate capital allocation and reduce confidence that the latest cash-flow improvement will continue consistently through different investment or operating cycles.
Declining Equity Base
A smaller equity base can mechanically amplify return on equity and make that metric less representative of underlying operating improvement. The decline therefore warrants monitoring because it may reduce balance-sheet capacity over time and makes the sustainability of the elevated ROE less certain.
TN2 FAQ
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What is the TipRanks Smart Score and how is it calculated?
Company Description
Technogym S.p.A.
Headquartered in Cesena, Italy, Technogym S.p.A. is a global wellness enterprise founded in 1983. The company is dedicated to the design, manufacturing, and worldwide distribution of sophisticated fitness equipment and solutions for physical exercise, wellness, and rehabilitation. Its comprehensive catalog encompasses a wide array of workout machinery, such as treadmills, exercise bikes, elliptical trainers, rowers, stair climbers, and upper body conditioning units. For strength training, it offers selectorized, plate-loaded, and multi-gym equipment, as well as cable stations, benches, racks, and free weights, complemented by functional and stretching apparatus. Beyond large machines, Technogym also supplies a variety of exercise tools, including mats, resistance bands (loop, elastic, power), jump ropes, foam rollers, wellness balls, balance pads, balance domes, slam balls, and medicine balls, along with its specific personal line of products. The company reaches a diverse customer base, including fitness centers, hotels, residential complexes, corporate wellness programs, high-performance sports organizations, and individual home consumers, utilizing direct field and inside sales, retail channels, and wholesale partnerships for distribution.
- Sector
- General
- Industry
- Leisure
- CEO
- Nerio Alessandri
- Employees
- 2,800
- Website
- www.technogym.com
- Address
- Via Calcinaro, 2861, Cesena, FO, 47521, IT
Technogym S.p.A. (TN2) Earnings & Revenues
TN2 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 3 | 4 |
| Technical Analysis | 4 | 3 | 2 |
| Moving Averages | 10 | 0 | 2 |





