Caleffi S.p.A. (CLF) AI Stock Analysis

Caleffi S.p.A.

(Milan:CLF)

Select Model

Rating:60.4Neutral

Price Target:EUR 0.87▲(12.63% Upside)

Action:reiterated

Date:09/26/26

The score is primarily driven by mixed financial performance: a clearly improving balance sheet is offset by limited revenue momentum, compressed margins versus prior peak years, and uneven free-cash-flow quality. Technicals are neutral with no strong trend signal. Valuation is a support factor due to the low P/E, but lack of dividend data prevents additional credit.

Positive Factors

Balance-sheet deleveragingMaterial deleveraging and consistent equity growth strengthen Caleffi’s financial resilience. Lower leverage should reduce balance-sheet pressure and preserve flexibility to manage seasonal working-capital needs, invest in its brands, and withstand weaker operating periods over the coming quarters.

Negative Factors

Weak revenue momentumSeveral years of flat-to-declining revenue indicate limited top-line momentum and constrain operating leverage. Without renewed demand or stronger product growth, Caleffi may find it harder to expand earnings, absorb fixed costs, and fund brand or distribution investments at scale.

Caleffi S.p.A. (CLF) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 11.66M
Dividend Yield: ―
Average Volume (3M): 10.17K
Price to Earnings (P/E): 6.5
Beta (1Y): 0.14
Revenue Growth: -4.18%
EPS Growth: -3.88%
Country: Italy
Employees: 157
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Manufacturing - Textiles

Caleffi S.p.A. Business Overview & Revenue Model

Company Description

Caleffi S.p.A. specializes in the production and global distribution of home textile goods, marketed under its distinctive Caleffi brand. The company's comprehensive product lineup includes a wide variety of bedding items such as quilts, bedspreads,...

How the Company Makes Money

Caleffi makes money primarily by selling home textile products. Its core revenue stream is the sale of branded household linen (e.g., bed linen and coordinated home textile items) to customers through a mix of distribution channels, which typically i...

Caleffi S.p.A. Financial Statement Overview

Summary

Balance sheet strength is the main positive (material deleveraging and rising equity), but operating performance is mixed: revenue has been flat to down in recent years with compressed profitability versus 2020–2021 and volatile gross margin. Cash flow is positive but uneven, with only moderate cash conversion, which limits confidence in sustainability.

Income Statement

55Neutral

Balance Sheet

72Positive

Cash Flow

46Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	59.18M	61.09M	57.50M	59.06M	59.28M	60.78M
Gross Profit	5.10M	5.65M	24.95M	15.10M	13.53M	16.14M
EBITDA	2.69M	5.28M	5.28M	5.54M	6.01M	8.09M
Net Income	1.82M	1.84M	1.68M	1.93M	2.25M	3.44M
Balance Sheet
Total Assets	56.10M	58.95M	60.97M	55.91M	59.04M	60.77M
Cash, Cash Equivalents and Short-Term Investments	4.81M	3.87M	1.96M	1.44M	6.58M	10.49M
Total Debt	12.76M	14.63M	14.90M	16.10M	19.30M	23.16M
Total Liabilities	28.67M	31.69M	35.32M	31.66M	35.87M	39.87M
Stockholders Equity	27.43M	27.26M	25.66M	24.24M	21.75M	19.65M
Cash Flow
Free Cash Flow	5.58M	2.57M	2.97M	1.07M	766.00K	6.27M
Operating Cash Flow	6.41M	4.80M	3.48M	2.02M	1.17M	6.72M
Investing Cash Flow	-912.00K	-2.35M	-497.00K	-945.00K	-362.00K	-430.00K
Financing Cash Flow	-2.43M	-482.00K	-2.52M	-6.22M	-4.71M	-4.30M

Caleffi S.p.A. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.77

Price Trends

50DMA0.81Negative

100DMA0.81Negative

200DMA0.81Negative

Market Momentum

MACD-0.01Positive

RSI40.84Neutral

STOCH30.92Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CLF, the sentiment is Negative. The current price of 0.77 is below the 20-day moving average (MA) of 0.79, below the 50-day MA of 0.81, and below the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 30.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:CLF.

Caleffi S.p.A. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

IT:CLF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IT:INDB	70Outperform	EUR 114.21M	21.08	3.56%	3.00%	9.32%	-78.38%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
IT:CLF	60Neutral	EUR 12.09M	6.46	―	―	-4.18%	-3.88%

* Consumer Cyclical Sector Average

Performance Comparison

IT:CLF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IT:CLF	Caleffi S.p.A.	0.77	-0.08	-9.65%
IT:INDB	Indel B S.p.A.	20.00	1.36	7.31%
IT:TNX	Tenax International S.p.A	0.55	-1.19	-68.39%
IT:CFL	Cofle S.p.A.	1.77	-1.97	-52.54%
IT:POZ	Pozzi Milano S.P.A.	0.48	-0.00	-0.83%
IT:RAD	Radici Pietro Industries & Brands SpA	0.86	-0.18	-17.31%

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.

Date of analysis: Sep 26, 2026

Caleffi S.p.A. AI Stock Analysis