olivLaw · European equity research
The Italian Sea Group S.p.a. TISG.MI
Italy · Euronext Milan · ISIN IT0005439085 · Vertical: Listed companies from Italy
At the close of 06 Nov 2026, The Italian Sea Group S.p.a. (TISG.MI) stock was 0.61 EUR (+0.00% on the day), with market capitalisation 32.0 m EUR, P/E 0.9 on diluted EPS of 0.64 EUR over the last 12 months, dividend yield 61.21%, beta 0.99, 52-week range 0.61–4.77 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 24.2
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.43 – 1.18
- in the lower half of the band · %B 0.23 · band width 93.5%
- SMA 50 / 200
- 1.03 / 1.53
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.14 / -0.13
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −45.9% | −0.2% | −45.7 pp | — |
| 3 months | −46.6% | −5.4% | −41.2 pp | — |
| 6 months | −65.0% | +4.4% | −69.4 pp | — |
| Year to date | −85.1% | +6.5% | −91.6 pp | — |
| 1 year | −84.3% | +10.0% | −94.3 pp | −7.1% |
| 3 years | −91.5% | +48.6% | −140.0 pp | +6.7% |
| 5 years | unavailable | +41.4% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 3-quarter history (min 11.6, median 11.8, max 12.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 295.1 m | 367.6 m | 424.1 m |
| Revenue YoY | unavailable | +24.6% | +15.4% |
| Net income | 24.0 m | 36.9 m | 33.9 m |
| Net income YoY | unavailable | +53.5% | −8.2% |
| Diluted EPS | 0.45 | 0.70 | 0.64 |
| Diluted EPS YoY | unavailable | +55.6% | −8.6% |
| net % | 8.1% | 10.0% | 8.0% |
| Free cash flow | 45.0 m | 23.1 m | -13.0 m |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 60.3 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 145.0 m EUR
- Total assets
- 406.1 m EUR
- Debt / equity
- unavailable
- Current ratio
- 1.31x
- ROE
- 24.6%
- ROA
- 8.7%
- FCF margin
- -3.1%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 295.1 m | 367.6 m | 424.1 m | esef· 15 Apr 2025verified |
| Operating income | 33.2 m | 50.8 m | 66.5 m | esef· 15 Apr 2025verified |
| Depreciation & amortisation | 10.3 m | 12.0 m | 11.4 m | esef· 15 Apr 2025verified |
| EBITDA | 43.6 m ≈ | 62.8 m ≈ | 77.9 m ≈ | esef· 15 Apr 2025derived |
| Interest expense | 4.3 m | 6.4 m | 9.4 m | esef· 15 Apr 2025verified |
| Pre-tax income | 29.4 m | 45.2 m | 58.8 m | esef· 15 Apr 2025verified |
| Income tax | 5.4 m | 8.3 m | 24.9 m | esef· 15 Apr 2025verified |
| Net income | 24.0 m | 36.9 m | 33.9 m | esef· 15 Apr 2025verified |
| Diluted EPS | 0.45 | 0.70 | 0.64 | esef· 15 Apr 2025verified |
| Dividend per share | 0.18 | 0.27 | 0.37 | esef· 15 Apr 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Cash | 81.3 m | 76.4 m | 60.3 m | esef· 15 Apr 2025verified |
| Receivables | 21.5 m | 24.0 m | 55.4 m | esef· 15 Apr 2025verified |
| Inventories | 3.6 m | 10.9 m | 10.2 m | esef· 15 Apr 2025verified |
| Current assets | 164.6 m | 210.4 m | 248.9 m | esef· 15 Apr 2025verified |
| Property, plant & equipment, net | 49.2 m | 35.5 m | 30.6 m | esef· 15 Apr 2025verified |
| Intangibles (excl. goodwill) | 1.0 m | 975.0 k | 690.0 k | esef· 15 Apr 2025verified |
| Total assets | 342.3 m | 377.4 m | 406.1 m | esef· 15 Apr 2025verified |
| Accounts payable | 78.8 m | 90.6 m | 121.9 m | esef· 15 Apr 2025verified |
| Current liabilities | 151.4 m | 178.8 m | 190.5 m | esef· 15 Apr 2025verified |
| Equity | 109.0 m | 131.1 m | 145.0 m | esef· 15 Apr 2025verified |
| Shares outstanding at year end | 53.4 m | 52.7 m | 53.0 m | esef· 15 Apr 2025derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 64.4 m | 25.4 m | -9.4 m | esef· 15 Apr 2025verified |
| Capex | 19.4 m | 2.3 m | 3.6 m | esef· 15 Apr 2025verified |
| Free cash flow | 45.0 m ≈ | 23.1 m ≈ | -13.0 m ≈ | esef· 15 Apr 2025derived |
| Investing cash flow | -103.8 m | 1.0 m | 20.0 m | esef· 15 Apr 2025verified |
| Financing cash flow | 35.1 m | -31.3 m | -26.8 m | esef· 15 Apr 2025verified |
| Dividends paid | 9.7 m | 14.4 m | 19.6 m | esef· 15 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 47.9% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 32.0 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
48% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 4.05 – 14.54 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E4.05 – 14.54 (Mid 8.42)20 companies used · median multiple 13.2x · quartiles 6.3x – 22.7xAC5.MI, ACE.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CIR.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI
- Dividend discount (DDM)5.04 – 6.87 (Mid 5.81)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 47.9% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 8.0% | 59 (vs peers) | 13% |
| FCF conversion · Quality | -38.4% | 0 (on a fixed band) | 13% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 7.1x | 86 (on a fixed band) | 13% |
| Current ratio · Balance sheet | 1.3x | 42 (on a fixed band) | 9% |
| P/E (TTM) · Valuation | 0.9x | 91 (vs peers) | 22% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -40.6% | 0 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 61.2% | 100 (on a fixed band) | 13% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet68/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality29/100 · 2/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation51/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
THE ITALIAN SEA GROUP S.P.A. (TISG.MI). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 424.1 m EUR in 2024; YoY growth 15.4%; net margin 8.0%; ROE 24.6%.
The estimated value range is 4.54–10.70 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 7.12 EUR, the price of 0.60 EUR leaves a potential of 1,076.1% (value / price − 1) and a margin of safety of 91.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 47.9% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Interest coverage: 7.1x
- P/E (TTM): 0.9x
- Shareholder yield (distributions): 61.2%
- The price is below the estimated value range
What contradicts it
- FCF conversion: -38.4%
- FCF yield: -40.6%
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.8 bn | 21.5 | 15.4% | 8.4% | +8.7% | +24% / +60% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +72% |
| DIA.MIDiasorin S.p.a. | 4.4 bn | 29.0 | 9.2% | 13.0% | +0.8% | +34% / −5% |
| CRL.MICarel Industries S.p.a. | 2.9 bn | 39.5 | 16.1% | 11.7% | +8.7% | +3% / +10% |
| AMP.MIAmplifon S.p.a. | 2.7 bn | 30.5 | 8.5% | 3.8% | −0.6% | −7% / −57% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 19.0 | 12.8% | 7.1% | −23.0% | +10% / +67% |
| CMB.MICembre S.p.a. | 1.2 bn | 26.4 | 20.6% | 18.9% | +6.7% | +9% / +103% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −23% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 985.3 m | 10.6 | 23.5% | 41.0% | +1.8% | −3% / −22% |
| AVIO.MIAvio S.p.a. | 865.6 m | 85.1 | 2.1% | 1.8% | +21.5% | +16% / +283% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 800.3 m | 6.1 | 17.1% | 7.3% | +1.6% | +6% / +76% |
| ASC.MIAscopiave S.p.a. | 621.5 m | 17.3 | 4.2% | 17.5% | +13.4% | −12% / +27% |
| AC5.MIAcinque S.p.a. | 408.7 m | 19.4 | 4.1% | 3.6% | +0.2% | −7% / +7% |
| BAN.MIBasic Net S.p.a. | 350.2 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 320.4 m | 12.9 | 11.1% | 13.7% | +9.2% | −3% / +10% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 130.1 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 116.6 m | 11.5 | 18.5% | 10.2% | −1.3% | −27% / −33% |
| ABT.MIAbitare In S.p.a. | 74.9 m | 272.0 | 0.4% | 0.4% | +39.8% | −7% / −48% |
| ELC.MIElica S.p.a. | 63.7 m | — | -7.8% | -2.2% | +1.9% | −35% / −49% |
| DEX.MIDexelance S.p.a. | 52.8 m | 3.0 | 11.0% | 5.4% | +12.6% | −61% / −77% |
| CLE.MIClass Editori S.p.a. | 35.1 m | — | -29.2% | -3.8% | −0.7% | −9% / +106% |
| TISG.MIThe Italian Sea Group S.p.a. | 32.0 m | 0.9 | 24.6% | 8.0% | +15.4% | −85% / −92% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.1 | 10.9% | 3.8% | −2.5% | −5% / −11% |
| AEF.MIAeffe S.p.a. | 10.3 m | 0.5 | 21.9% | 7.7% | −21.3% | −58% / −86% |
1- and 3-year price returns: for TISG.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.40 Total return 19% · Per year 19% | 0.70 Total return 85% · Per year 85% | 1.04 Total return 157% · Per year 157% |
| 3 years | 0.47 Total return 152% · Per year 36% | 0.92 Total return 297% · Per year 58% | 1.50 Total return 456% · Per year 77% |
| 5 years | 0.56 Total return 311% · Per year 33% | 1.22 Total return 576% · Per year 47% | 2.16 Total return 886% · Per year 58% |
- Exit P/E± 0.23
- Net margin± 0.16
- Annual revenue growth± 0.12
- Annual dilution± 0.01
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202415 Apr 2025
- Annual report 202415 Apr 2025
- Annual report 202310 Apr 2024
- Annual report 202310 Apr 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.