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Italian Sea Group S.p.A.
(TISG)
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Rating:43Neutral
Price Target:
€0.63
▼(-51.40% Downside)
Action:Reiterated
Date:10/21/26
The score is primarily held down by severe financial deterioration in 2025 (large losses, negative equity, and significant cash burn), indicating elevated near-term financial risk. Technicals add further pressure as the stock trades below key moving averages with negative MACD, partially offset by oversold signals. Valuation provides limited support because negative earnings (negative P/E) make profitability-based valuation less informative and no dividend yield data is available.
Positive Factors
Diversified Revenue Model
TISG combines bespoke yacht construction with refits, maintenance, after-sales support, engineering, and project-related services. This broader revenue architecture can create multiple ways to monetize customer relationships and reduce reliance on a single type of yacht project over the medium term.
Negative Factors
Sharp Profitability Deterioration
The 2025 earnings reversal is a major fundamental weakness: lower revenue coincided with deeply negative gross, EBIT, EBITDA, and net margins. Such a broad deterioration suggests substantial pressure on project economics and earnings quality, making a return to prior profitability important but uncertain over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Model
TISG combines bespoke yacht construction with refits, maintenance, after-sales support, engineering, and project-related services. This broader revenue architecture can create multiple ways to monetize customer relationships and reduce reliance on a single type of yacht project over the medium term.
Read all positive factors
Italian Sea Group S.p.A. (TISG) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€36.25M
Dividend Yield4.17%
Average Volume (3M)320.12K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue GrowthN/A
EPS GrowthN/A
CountryIT
Employees691
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-3.23
Shares Outstanding53,000,000
10 Day Avg. Volume452,995
30 Day Avg. Volume320,119
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.55
Price to Sales (P/S)0.77
P/FCF Ratio-2.07
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)0.26
Revenue Forecast (FY)€283.01M
Italian Sea Group S.p.A. Business Overview & Revenue Model
Company Description
The Italian Sea Group S.p.A. is a prominent player in the luxury yachting sector. The company's operations encompass the design, manufacturing, and marketing of high-end motor and sailing yachts, including superyachts. These vessels, crafted from ...
How the Company Makes Money
TISG primarily makes money by contracting with customers (typically private individuals, family offices, or yacht-owning entities) to design and build new luxury yachts and superyachts. Revenue is generally recognized based on contractual project ...
Italian Sea Group S.p.A. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
15
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 280.53M | 365.43M | 356.09M | 291.51M | 186.05M |
| Gross Profit | -89.24M | 155.84M | 130.91M | 113.10M | 68.06M |
| EBITDA | -99.17M | 78.59M | 63.39M | 43.57M | 25.63M |
| Net Income | -170.92M | 33.89M | 36.91M | 24.05M | 16.32M |
Balance Sheet | |||||
| Total Assets | 266.09M | 406.06M | 377.39M | 342.26M | 235.07M |
| Cash, Cash Equivalents and Short-Term Investments | 17.41M | 60.25M | 76.41M | 81.32M | 85.61M |
| Total Debt | 146.96M | 72.76M | 74.53M | 91.39M | 42.83M |
| Total Liabilities | 654.18M | 261.09M | 246.25M | 233.26M | 142.19M |
| Stockholders Equity | -388.09M | 144.96M | 131.14M | 109.00M | 92.89M |
Cash Flow | |||||
| Free Cash Flow | -104.06M | -13.21M | 22.62M | 44.53M | 12.98M |
| Operating Cash Flow | -103.28M | -9.43M | 25.37M | 64.37M | 36.75M |
| Investing Cash Flow | -785.00K | 20.03M | 1.00M | -103.79M | -26.27M |
| Financing Cash Flow | 61.22M | -26.76M | -31.27M | 35.13M | 57.18M |
Italian Sea Group S.p.A. Technical Analysis
Negative
1.29
Price Trends
1.15
Negative
1.16
Negative
1.71
Negative
Market Momentum
-0.11
Positive
21.40
Positive
7.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TISG, the sentiment is Negative. The current price of 1.29 is above the 20-day moving average (MA) of 1.02, above the 50-day MA of 1.15, and below the 200-day MA of 1.71, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 21.40 is Positive, neither overbought nor oversold. The STOCH value of 7.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:TISG.
Italian Sea Group S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
IT:TISG
Italian Sea Group S.p.A.
0.68
-4.15
-85.84%
IT:SL
Sanlorenzo S.p.A.
35.12
1.51
4.50%
IT:YACHT
Ferretti S.p.A.
2.66
-0.13
-4.60%
IT:BELL
Bellini Nautica S.P.A.
4.26
1.38
47.92%
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.