Davide Campari-Milano SpA (CPR) AI Stock Analysis

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Davide Campari-Milano SpA

(Milan:CPR)

Select Model

Rating:66Neutral

Price Target:EUR 7.00▲(9.82% Upside)

Action:reiterated

Date:08/06/26

The score is primarily supported by solid financial performance (strong margins, improved profitability and cash generation, and improving leverage) and a constructive technical trend (price above key moving averages with positive momentum). The largest offset is valuation, with a very high P/E and only a modest dividend yield, which materially limits the overall score.

Positive Factors

Strong ProfitabilityConsistently high gross margins indicate meaningful brand, pricing, and product-mix strength in Campari’s portfolio. The 2025 net-margin rebound also shows that profitability can recover after weaker periods, supporting reinvestment and durable earnings capacity over the coming quarters.

Negative Factors

Top-Line SlowdownThe recent revenue slowdown raises concern that Campari’s established brands are not currently generating the same broad-based growth seen earlier in the period. Persistently subdued sales would limit operating leverage, reduce reinvestment capacity, and make future profit improvement more dependent on margins.

Davide Campari-Milano SpA (CPR) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 11.62B
Dividend Yield: 1.57%
Average Volume (3M): 5.31M
Price to Earnings (P/E): 27.7
Beta (1Y): 0.34
Revenue Growth: -1.27%
EPS Growth: 42.98%
Country: Italy
Employees: 4,935
Sector: General
Sector Strength: 55
Industry: Beverages - Wineries & Distilleries

Davide Campari-Milano SpA Business Overview & Revenue Model

Company Description

Davide Campari-Milano N.V., through its various subsidiaries, is globally engaged in the marketing and distribution of an extensive range of alcoholic and non-alcoholic beverages. Its operations span multiple continents, covering the Americas, the Mi...

How the Company Makes Money

Campari makes money primarily by selling branded alcoholic beverages to the trade (e.g., distributors, wholesalers, retailers, and on-premise customers such as bars and restaurants), generating revenue when products are shipped/invoiced through its s...

Davide Campari-Milano SpA Financial Statement Overview

Summary

Solid profitability with strong gross margins (~58–60%) and a net margin rebound to ~11.4% in 2025 supports earnings quality. Balance sheet leverage is meaningful but improving (debt-to-equity ~0.66) and ROE improved to ~9.0% in 2025. Offsetting factors are uneven/weakening revenue growth (flat-to-down in 2025 vs 2024 per provided data) and historically volatile free cash flow (including negative FCF in 2023), which reduces predictability.

Income Statement

74Positive

Balance Sheet

68Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.04B	3.05B	3.07B	2.92B	2.70B	2.17B
Gross Profit	1.85B	1.84B	1.77B	1.70B	1.59B	1.30B
EBITDA	699.00M	713.90M	493.40M	647.50M	597.00M	496.60M
Net Income	268.90M	346.30M	201.60M	330.50M	333.00M	284.80M
Balance Sheet
Total Assets	8.28B	8.11B	8.48B	6.68B	6.02B	5.09B
Cash, Cash Equivalents and Short-Term Investments	712.00M	716.90M	673.80M	634.20M	450.40M	804.80M
Total Debt	2.69B	2.56B	2.86B	2.25B	1.80B	1.53B
Total Liabilities	4.29B	4.25B	4.63B	3.75B	3.34B	2.72B
Stockholders Equity	3.99B	3.86B	3.85B	2.93B	2.68B	2.37B
Cash Flow
Free Cash Flow	279.00M	388.30M	210.40M	-158.80M	25.10M	337.90M
Operating Cash Flow	562.30M	687.60M	670.50M	156.50M	380.40M	483.70M
Investing Cash Flow	-37.10M	-157.00M	-1.60B	-281.10M	-805.90M	-153.20M
Financing Cash Flow	-310.60M	-477.50M	981.80M	323.00M	38.20M	-115.60M

Davide Campari-Milano SpA Technical Analysis

Technical Analysis SentimentNeutral

Last Price6.37

Price Trends

50DMA6.11Positive

100DMA5.90Positive

200DMA5.96Positive

Market Momentum

MACD0.08Positive

RSI51.63Neutral

STOCH37.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CPR, the sentiment is Neutral. The current price of 6.37 is below the 20-day moving average (MA) of 6.43, above the 50-day MA of 6.11, and above the 200-day MA of 5.96, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 51.63 is Neutral, neither overbought nor oversold. The STOCH value of 37.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:CPR.

Davide Campari-Milano SpA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IT:CPR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IT:CPR	66Neutral	EUR 11.62B	27.71	6.85%	1.57%	-1.27%	42.98%
IT:ORS	61Neutral	EUR 258.55M	9.91	8.69%	3.57%	2.60%	-23.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IT:MARR	39Underperform	EUR 347.26M	15.18	6.97%	8.99%	2.89%	-40.59%

* General Sector Average

Performance Comparison

IT:CPR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IT:CPR	Davide Campari-Milano	6.37	0.49	8.40%
IT:MARR	MARR S.p.A.	5.23	-3.46	-39.83%
IT:ORS	Orsero SpA	14.00	-3.18	-18.53%
IT:MASI	Masi Agricola SpA	4.14	-0.29	-6.55%
IT:IWB	Italian Wine Brands S.p.A.	14.70	-6.65	-31.15%
IT:LON	Longino & Cardenal SpA	1.30	0.29	28.71%

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: Aug 06, 2026

Davide Campari-Milano SpA AI Stock Analysis