Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
BasicNet S.p.A. is an Italian company headquartered in Turin, specializing in the creation, development, and distribution of leisurewear, sportswear, footwear, and accessories. It manages a prominent portfolio of brands including Kappa, Robe di Kappa, Jesus Jeans, K-Way, Superga, Sabelt, Briko, Sebago, and Woolrich, catering to consumers seeking stylish and functional apparel for sports and everyday activities. The company operates through a network of licensees and develops integrated software solutions for online supply chain management, encompassing product research, development, communication, and sourcing. Its business segments include clothing, footwear and accessories, as well as property management. BasicNet S.p.A. plays a key role in the consumer cyclicals sector by licensing brands globally and facilitating direct sales channels to retailers and end consumers, supporting a licensing model that extends its brands' reach across international markets.
Operating margin is thin at 0.24%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.4%, essentially flat. Margins also contracted 7.7pp. This is a business that needs a catalyst.
Free cash flow declined 101% versus the prior year, cash generation momentum has weakened. ROIC dropped from 5.77% to 0.09%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€348M
▲ +0.4% YoY
Net Income (TTM)
-€8M
▼ -130.5% YoY
Op. Margin
0.24%
▼ -7.7pp YoY
ROIC
0.09%
▼ -5.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€469K
▼ -101.4% YoY
Op. Cash Flow (TTM)
€10M
▼ -75.5% YoY
Net Debt
€227M
Cash & Equiv.
€91M
3Y CAGR: +3.7%
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