Ferretti S.p.A. (YACHT) AI Stock Analysis

Ferretti S.p.A.

(Milan:YACHT)

Select Model

Rating:69Neutral

Price Target:EUR 3.00▲(14.68% Upside)

Action:downgraded

Date:09/24/26

The score is supported primarily by solid financial quality (notably very low leverage and stable profitability) and a favorable valuation (low P/E and a ~3.8% dividend yield). These positives are tempered by weakening technical momentum (below major moving averages with negative MACD) and softer recent operating trends, including a 2026 TTM revenue decline and inconsistent free cash flow.

Positive Factors

Conservative balance sheetVery low leverage limits balance-sheet risk and preserves financial flexibility through changes in yacht demand. The modest debt burden can support continued investment, customer support, and shareholder returns without imposing a heavy interest or refinancing load.

Negative Factors

Recent revenue contractionThe reversal from several years of positive growth to a 2026 TTM decline signals weaker recent top-line momentum. If sustained, slower revenue growth could reduce operating leverage, constrain investment capacity, and make future earnings expansion more dependent on margin or mix.

Ferretti S.p.A. (YACHT) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 7.79B
Dividend Yield: 4.23%
Average Volume (3M): 235.34K
Price to Earnings (P/E): 10.4
Beta (1Y): 0.63
Revenue Growth: 1.16%
EPS Growth: -3.56%
Country: Italy
Employees: 2,067
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Auto - Recreational Vehicles

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

Company Description

Ferretti S.p.A. is an Italian enterprise engaged in the design, manufacturing, marketing, and distribution of a wide array of luxury yachts and marine vessels. Operating under prestigious brand names such as Riva, Wally, Ferretti Yachts, Pershing, It...

How the Company Makes Money

Ferretti primarily makes money by selling new luxury yachts and superyachts. Revenue is generated when customers order and take delivery of vessels produced under the group’s brands, with pricing influenced by yacht size/class, onboard configurations...

Ferretti S.p.A. Financial Statement Overview

Summary

Strong balance sheet strength (very low leverage with debt-to-equity near ~3% and stable ~9–10% ROE) and healthy profitability (gross margin ~35%, net margin ~6.5%). Offsetting factors are a recent revenue decline in 2026 TTM (~-2.4%), some margin compression versus 2023–2024 peaks, and uneven cash conversion with historically volatile free cash flow.

Income Statement

72Positive

Balance Sheet

86Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.32B	1.39B	1.24B	1.13B	1.03B	955.43M
Gross Profit	454.77M	488.68M	484.47M	456.51M	413.00M	327.40M
EBITDA	177.84M	196.83M	194.84M	169.07M	125.70M	90.24M
Net Income	84.42M	89.98M	87.92M	83.05M	60.27M	37.54M
Balance Sheet
Total Assets	1.66B	1.72B	1.72B	1.76B	1.52B	1.19B
Cash, Cash Equivalents and Short-Term Investments	122.94M	159.87M	161.27M	314.11M	342.28M	196.14M
Total Debt	29.90M	53.78M	34.14M	37.25M	39.36M	100.31M
Total Liabilities	721.44M	780.67M	790.29M	838.64M	629.16M	621.28M
Stockholders Equity	942.21M	938.99M	929.00M	838.84M	838.04M	498.28M
Cash Flow
Free Cash Flow	50.85M	72.25M	-121.73M	-59.28M	64.24M	195.31M
Operating Cash Flow	133.61M	168.78M	1.41M	93.66M	145.70M	271.63M
Investing Cash Flow	-79.80M	-97.88M	-111.77M	-55.68M	-162.63M	-74.14M
Financing Cash Flow	-64.70M	-59.77M	-50.73M	-39.20M	158.04M	-58.05M

Ferretti S.p.A. Technical Analysis

Technical Analysis SentimentNegative

Last Price2.62

Price Trends

50DMA2.80Negative

100DMA2.89Negative

200DMA3.21Negative

Market Momentum

MACD-0.06Negative

RSI39.94Neutral

STOCH58.01Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:YACHT, the sentiment is Negative. The current price of 2.62 is below the 20-day moving average (MA) of 2.65, below the 50-day MA of 2.80, and below the 200-day MA of 3.21, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 39.94 is Neutral, neither overbought nor oversold. The STOCH value of 58.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:YACHT.

Ferretti S.p.A. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

IT:YACHT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IT:INDB	70Outperform	EUR 114.21M	21.18	3.56%	2.99%	9.32%	-78.38%
IT:YACHT	69Neutral	EUR 874.64M	10.42	8.97%	4.23%	1.16%	-3.56%
IT:SL	68Neutral	EUR 1.26B	11.60	21.17%	2.91%	1.88%	2.86%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
IT:TISG	41Neutral	EUR 33.92M	-0.18	539.28%	―	―	―

* Consumer Cyclical Sector Average

Performance Comparison

IT:YACHT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IT:YACHT	Ferretti S.p.A.	2.60	-0.08	-2.91%
IT:TISG	Italian Sea Group S.p.A.	0.60	-4.17	-87.34%
IT:SL	Sanlorenzo S.p.A.	36.08	3.40	10.39%
IT:INDB	Indel B S.p.A.	20.10	1.41	7.57%
IT:BELL	Bellini Nautica S.P.A.	4.76	2.01	73.09%
IT:ADV	Adventure SpA	5.64	3.64	182.00%

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 24, 2026

Ferretti S.p.A. AI Stock Analysis