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Cellularline SpA
(CELL)
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Rating:54Neutral
Price Target:
€2.50
▼(-9.42% Downside)
Action:Reiterated
Date:09/11/26
The score is held back primarily by weak profitability (TTM losses, very low gross margin, and deeply negative net margin), despite supportive cash generation and a reasonably controlled leverage profile. Technical indicators are a positive offset (price above key moving averages with positive MACD), while valuation remains constrained by the negative P/E even with a solid dividend yield.
Positive Factors
Positive cash generation
Positive operating and free cash flow provide internal funding for inventory, product development, and distribution needs. The reported FCF increase also indicates some resilience in cash generation, helping the company sustain operations despite weak accounting profitability.
Negative Factors
Deeply negative profitability
Persistent losses and deeply negative net margin indicate that current revenue is not translating into shareholder earnings. The very low gross margin leaves limited room to absorb operating and below-EBITDA costs, making a durable profitability recovery important for business strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive operating and free cash flow provide internal funding for inventory, product development, and distribution needs. The reported FCF increase also indicates some resilience in cash generation, helping the company sustain operations despite weak accounting profitability.
Read all positive factors
Cellularline SpA (CELL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€61.52M
Dividend Yield4.01%
Average Volume (3M)33.00K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-3.37%
EPS Growth-745.28%
CountryIT
Employees300
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-1.68
Shares Outstanding24,506,079
10 Day Avg. Volume35,026
30 Day Avg. Volume33,001
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.55
Price to Sales (P/S)0.34
P/FCF Ratio3.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.90Price Target Upside41.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.37
Revenue Forecast (FY)€161.00M
Cellularline SpA Business Overview & Revenue Model
Company Description
Cellularline S.p.A., an Italian company founded in 1990 and based in Reggio Emilia, specializes in the production and global distribution of diverse accessories for smartphones and tablets. Their comprehensive product portfolio includes protective...
How the Company Makes Money
Cellularline makes money primarily by selling branded consumer electronics accessories and related products to channel partners and retailers, with revenue recognized from the wholesale/distribution of finished goods. Its core revenue streams are ...
Cellularline SpA Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
57
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.69M | 156.64M | 164.26M | 158.65M | 137.64M | 110.58M |
| Gross Profit | 9.82M | 7.55M | 65.82M | 61.19M | 48.80M | 48.21M |
| EBITDA | 17.33M | 16.16M | 17.19M | 21.34M | -59.70M | 7.32M |
| Net Income | -34.95M | -36.35M | 5.65M | 3.60M | -75.17M | -3.85M |
Balance Sheet | ||||||
| Total Assets | 168.12M | 173.56M | 225.89M | 233.41M | 215.43M | 281.19M |
| Cash, Cash Equivalents and Short-Term Investments | 26.15M | 23.58M | 20.75M | 14.04M | 9.99M | 8.20M |
| Total Debt | 29.49M | 31.42M | 43.10M | 49.76M | 50.38M | 45.55M |
| Total Liabilities | 73.58M | 76.88M | 88.83M | 98.75M | 84.96M | 75.83M |
| Stockholders Equity | 94.54M | 96.68M | 137.07M | 134.66M | 130.47M | 205.36M |
Cash Flow | ||||||
| Free Cash Flow | 12.54M | 13.73M | 16.22M | 8.15M | 280.00K | 14.07M |
| Operating Cash Flow | 18.11M | 19.38M | 21.53M | 13.05M | 4.89M | 19.07M |
| Investing Cash Flow | -5.57M | -5.65M | -5.31M | -7.45M | -5.39M | -7.36M |
| Financing Cash Flow | -13.94M | -10.91M | -9.66M | -2.56M | 1.48M | -12.89M |
Cellularline SpA Technical Analysis
Positive
2.76
Price Trends
2.42
Positive
2.29
Positive
2.32
Positive
Market Momentum
0.07
Negative
75.47
Negative
98.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CELL, the sentiment is Positive. The current price of 2.76 is above the 20-day moving average (MA) of 2.56, above the 50-day MA of 2.42, and above the 200-day MA of 2.32, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 75.47 is Negative, neither overbought nor oversold. The STOCH value of 98.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:CELL.
Cellularline SpA Peers Comparison
UnderperformOutperform
Sector (61)
IT:CELL
Cellularline SpA
2.69
-0.09
-3.27%
IT:BEC
B&C Speakers S.p.A.
11.20
-3.89
-25.75%
IT:GCOM
Giglio.com SpA
0.58
-0.49
-45.79%
IT:RMT
Riba Mundo Tecnologia S.A.
2.00
-1.72
-46.24%
IT:IVN
Ivision Tech S.P.A.
1.44
-0.81
-36.00%
Cellularline SpA Corporate Events
Cellularline boosts profitability and cuts debt as Blue Line sales surge
Sep 9, 2026
Cellularline reported first‑half 2026 revenues of €70.5 million, essentially flat year‑on‑year, but delivered improved profitability with adjusted EBITDA rising to €7.5 million and an adjusted net result of €2.8...
Cellularline Deepens ESG Integration with 2025 Sustainability and Impact Reports
Jul 9, 2026
Cellularline has published its 2025 ESG Report, underscoring the full integration of environmental, social and governance principles into its strategy and consolidating its status as a Società Benefit. The ESG and Impact Reports together form...
Cellularline joins Intermonte SME index to boost market visibility
Jul 3, 2026
Cellularline S.p.A., a leading Italian producer of accessories for smartphones, tablets and multimedia devices under multiple brands, has built an international presence with about 300 employees and distribution in over 55 countries. The company f...
Cellularline files board minutes on merger of Coverlab subsidiary
Jun 22, 2026
Cellularline S.p.A., a leading Italian provider of smartphone and tablet accessories listed on Euronext STAR Milan, develops and sells multimedia device accessories under a broad portfolio of brands across over 55 countries, supported by a workfor...
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.