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IMMSI SPA
(IMS)
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Rating:48Neutral
Price Target:
€0.51
▲(0.78% Upside)
Action:Reiterated
Date:09/14/26
The score is held back primarily by high leverage and weak bottom-line profitability (including a negative TTM net result and margin compression), despite improving TTM revenue and a notable recovery in free cash flow. Technicals are broadly neutral with only mild negative momentum, while valuation is constrained by losses (negative P/E) and no dividend yield data.
Positive Factors
Revenue rebound
The renewed top-line growth indicates improving demand and market traction across the operating business. If sustained, higher volumes can support better fixed-cost absorption, strengthen dealer utilization, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
High leverage
Leverage remains elevated despite recent improvement, leaving limited balance-sheet flexibility for a cyclical manufacturing business. High debt relative to equity can constrain investment choices, increase sensitivity to operating setbacks, and make cash allocation more focused on financial obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The renewed top-line growth indicates improving demand and market traction across the operating business. If sustained, higher volumes can support better fixed-cost absorption, strengthen dealer utilization, and provide a foundation for rebuilding earnings over the next several quarters.
Read all positive factors
IMMSI SPA (IMS) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€177.42M
Dividend Yield4.4%
Average Volume (3M)246.32K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-0.75%
EPS Growth3.70%
CountryIT
Employees5,799
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.01
Shares Outstanding340,530,000
10 Day Avg. Volume313,799
30 Day Avg. Volume246,319
Financial Highlights & Ratios
PEG Ratio-18.65
Price to Book (P/B)0.96
Price to Sales (P/S)0.12
P/FCF Ratio2.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IMMSI SPA Business Overview & Revenue Model
Company Description
Immsi S.p.A., established in 2000 and based in Mantua, Italy, is a multi-faceted company with interests spanning industrial production, real estate, and maritime construction. Its business activities extend across Italy, the broader European conti...
How the Company Makes Money
IMMSI makes money primarily via the economic performance of its majority-owned operating business, Piaggio & C. S.p.A. The core revenue model is based on (1) vehicle sales: wholesale revenues from the sale of scooters and motorcycles (notably the ...
IMMSI SPA Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
34
Negative
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.36B | 1.59B | 1.75B | 2.02B | 2.13B | 1.71B |
| Gross Profit | 219.98M | 206.28M | 667.33M | 515.88M | 762.82M | 642.85M |
| EBITDA | 468.54M | 252.86M | 276.38M | 318.38M | 287.73M | 240.94M |
| Net Income | -3.33M | 98.00K | 6.04M | 19.08M | 27.09M | 12.27M |
Balance Sheet | ||||||
| Total Assets | 2.45B | 2.24B | 2.31B | 2.28B | 2.37B | 2.31B |
| Cash, Cash Equivalents and Short-Term Investments | 244.49M | 156.27M | 158.82M | 209.17M | 267.29M | 294.16M |
| Total Debt | 1.11B | 1.15B | 1.11B | 1.04B | 1.00B | 1.06B |
| Total Liabilities | 2.06B | 1.89B | 1.92B | 1.88B | 1.96B | 1.92B |
| Stockholders Equity | 393.30M | 195.68M | 219.92M | 228.84M | 240.26M | 231.95M |
Cash Flow | ||||||
| Free Cash Flow | 165.30M | 68.09M | -90.88M | -27.42M | 65.15M | 38.69M |
| Operating Cash Flow | 277.47M | 145.54M | 113.91M | 149.14M | 219.62M | 198.32M |
| Investing Cash Flow | -167.35M | -148.88M | -179.42M | -169.75M | -141.40M | -142.72M |
| Financing Cash Flow | 13.03M | 16.50M | 26.56M | -43.80M | -103.47M | -24.54M |
IMMSI SPA Technical Analysis
Positive
0.51
Price Trends
0.52
Positive
0.52
Positive
0.52
Positive
Market Momentum
<0.01
Negative
66.09
Neutral
56.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:IMS, the sentiment is Positive. The current price of 0.51 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.52, and below the 200-day MA of 0.52, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.09 is Neutral, neither overbought nor oversold. The STOCH value of 56.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:IMS.
IMMSI SPA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €3.72B | 17.54 | 10.06% | 0.99% | 0.99% | -0.11% | |
66 Neutral | €29.16B | 25.87 | 11.71% | 1.25% | 10.11% | 7.22% | |
61 Neutral | €694.78M | 20.39 | 8.43% | 4.06% | -4.62% | -23.89% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €4.50B | 18.83 | 21.95% | 0.93% | -0.60% | 41.35% | |
48 Neutral | €177.42M | -58.62 | -1.36% | 4.40% | -0.75% | 3.70% | |
48 Neutral | €78.66M | -87.72 | -3.16% | ― | 77.50% | 89.32% |
* General Sector Average
IT:IMS
IMMSI SPA
0.55
-0.02
-3.50%
IT:FCT
Fincantieri S.p.A.
12.43
-7.29
-36.97%
IT:IP
Interpump Group SPA
35.26
-3.89
-9.93%
IT:LDO
Leonardo Spa
50.45
1.21
2.45%
IT:PIA
Piaggio & C. SPA
1.97
-0.05
-2.47%
IT:PINF
Pininfarina SPA
1.00
0.12
13.90%
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.