Sanlorenzo S.p.A. (SL) AI Stock Analysis

45 Followers

Sanlorenzo S.p.A.

(Milan:SL)

Select Model

Rating:68Neutral

Price Target:EUR 37.00▲(0.38% Upside)

Action:downgraded

Date:09/10/26

The score is primarily driven by solid financial fundamentals (growth, stable net margins, moderate leverage, strong ROE) but is held back by weakened TTM profitability quality and uneven cash-flow conversion. Technicals add support with an established uptrend, and valuation is moderately attractive with a lower P/E and a reasonable dividend yield.

Positive Factors

Strong Revenue GrowthRevenue expansion over several years, with sharp TTM acceleration, indicates strong business growth and increasing delivery activity. If sustained, this scale can support investment in the yacht portfolio, service capabilities, and global sales network.

Negative Factors

Volatile Cash ConversionFree cash flow has been volatile, moving from a meaningful 2024 outflow to positive 2025 and TTM levels, while earnings-to-cash conversion has been inconsistent. Such swings can complicate funding, working-capital management, and confidence in cash durability.

Sanlorenzo S.p.A. (SL) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 1.30B
Dividend Yield: 2.85%
Average Volume (3M): 30.51K
Price to Earnings (P/E): 11.9
Beta (1Y): 0.57
Revenue Growth: 1.88%
EPS Growth: 2.86%
Country: Italy
Employees: 1,663
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Auto - Recreational Vehicles

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

Company Description

Sanlorenzo S.p.A. is a leading manufacturer specializing in the design, construction, and sale of luxury yachts and pleasure vessels, serving a global clientele across Europe, the Asia-Pacific region, the Americas, the Middle East, and Africa. The co...

How the Company Makes Money

Sanlorenzo primarily makes money by selling new luxury yachts and superyachts. Its core revenue stream is the contracting, construction, and delivery of bespoke vessels to private owners, with revenue generally tied to order intake and a multi-stage...

Sanlorenzo S.p.A. Financial Statement Overview

Summary

Growth and net margins have been solid, and the balance sheet is reasonably leveraged with strong ROE. Offsetting this, TTM gross profitability deterioration and historically inconsistent cash-flow conversion reduce confidence in earnings quality and cash durability.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.02B	1.00B	963.42M	866.71M	817.89M	673.52M
Gross Profit	-61.12M	117.22M	137.62M	244.79M	510.76M	354.81M
EBITDA	184.53M	183.59M	181.47M	163.46M	130.01M	94.63M
Net Income	109.92M	107.40M	103.12M	92.84M	74.15M	51.01M
Balance Sheet
Total Assets	1.25B	1.24B	1.11B	841.08M	743.79M	595.04M
Cash, Cash Equivalents and Short-Term Investments	203.39M	188.18M	171.12M	214.01M	197.37M	141.27M
Total Debt	154.03M	168.08M	143.31M	76.02M	100.02M	100.23M
Total Liabilities	709.84M	716.71M	667.35M	481.12M	453.71M	365.90M
Stockholders Equity	530.58M	518.14M	436.14M	358.27M	288.53M	229.04M
Cash Flow
Free Cash Flow	89.12M	20.59M	-18.47M	72.65M	95.16M	48.62M
Operating Cash Flow	133.75M	68.77M	30.86M	117.15M	145.11M	97.83M
Investing Cash Flow	-48.48M	-44.83M	-84.97M	-51.08M	-69.15M	-49.62M
Financing Cash Flow	-53.02M	-10.54M	-2.74M	-19.88M	-70.91M	-1.29M

Sanlorenzo S.p.A. Technical Analysis

Technical Analysis SentimentPositive

Last Price36.86

Price Trends

50DMA36.45Positive

100DMA37.23Negative

200DMA35.16Positive

Market Momentum

MACD-0.03Negative

RSI58.61Neutral

STOCH92.70Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SL, the sentiment is Positive. The current price of 36.86 is above the 20-day moving average (MA) of 35.36, above the 50-day MA of 36.45, and above the 200-day MA of 35.16, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 58.61 is Neutral, neither overbought nor oversold. The STOCH value of 92.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:SL.

Sanlorenzo S.p.A. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

IT:SL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IT:YACHT	72Outperform	EUR 857.72M	10.36	8.97%	4.26%	1.16%	-3.56%
IT:INDB	70Outperform	EUR 114.78M	21.08	3.56%	3.00%	9.32%	-78.38%
IT:SL	68Neutral	EUR 1.30B	11.85	21.17%	2.85%	1.88%	2.86%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
IT:TISG	41Neutral	EUR 32.07M	-0.18	539.28%	―	―	―

* Consumer Cyclical Sector Average

Performance Comparison

IT:SL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IT:SL	Sanlorenzo S.p.A.	36.86	5.10	16.06%
IT:TISG	Italian Sea Group S.p.A.	0.60	-3.19	-84.04%
IT:INDB	Indel B S.p.A.	20.00	1.56	8.44%
IT:YACHT	Ferretti S.p.A.	2.58	-0.05	-1.97%
IT:BELL	Bellini Nautica S.P.A.	4.68	2.07	79.31%
IT:RFG	Racing Force SpA	5.24	0.50	10.62%

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 10, 2026

Sanlorenzo S.p.A. AI Stock Analysis