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.
Bellini Nautica S.p.A. is an Italy-based company specializing in the sale of new and used yachts and speedboats. It primarily focuses on distributing new Cranchi yachts and used Riva speedboats, dinghies, and motorboats, catering to enthusiasts of high-end recreational boating. The company offers long-term charter services, enabling customers to rent boats for extended periods. Beyond sales, Bellini Nautica S.p.A. provides comprehensive support services including boat refitting and painting, storage, harbor facilities, mechanical assistance and maintenance, transfer and transportation, technical counseling, and naval procedures. It excels in restoring collectible Riva boats with craftsmanship precision and sells nautical accessories from brands like Garmin, Fusion, Navigon, Navionics, and Raymarine. Operating from modern facilities on Lake Iseo in Clusane, the company serves the leisure products wholesale sector, emphasizing quality and customer service in the nautical industry. Founded in 1960 and headquartered in Clusane, Italy, Bellini Nautica S.p.A. plays a key role in the high-end pleasure boat market through its specialized offerings and partnerships.
Operating margin is thin at 2.23%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 18.5%, still solid.
Negative free cash flow of -€3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€24M
▲ +18.5% YoY
Net Income (TTM)
€96K
▲ +159.6% YoY
Op. Margin
2.23%
▲ +0.8pp YoY
ROIC
1.80%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€3M
▼ -94.3% YoY
Op. Cash Flow (TTM)
-€2M
▼ -104.6% YoY
Net Debt
€5M
Cash & Equiv.
€445K
3Y CAGR: +21.7%
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