Emak S.p.A.
Emak S.p.A. is an Italian company specializing in the manufacture and distribution of machines, components, and accessories for gardening, agriculture, forestry, cleaning, and industrial applications. Operating through three core segments—Outdoor Power Equipment, Pumps and Water Jetting, and Components and Accessories—it develops innovative products like brushcutters, chainsaws, lawnmowers, garden tractors, rotary tillers under brands such as Oleo-Mac, Efco, Bertolini, and Nibbi; centrifugal and diaphragm pumps, high-pressure washers, and urban cleaning equipment under Comet, Lavor, HPP, and others; and specialized parts including cutting lines, sensors, nozzles under Tecomec, Geoline, and Markusson. Founded in 1992 from the merger of Oleo-Mac and Efco, with roots tracing back over 100 years, Emak S.p.A. is headquartered in Bagnolo in Piano, Italy, and employs around 2,500 people. It maintains a global presence with production in Italy, branches in 14 countries, and distributors across five continents, primarily serving Europe, the Americas, and Asia. Listed on the Milan Stock Exchange since 1998, the company emphasizes sustainability, lean manufacturing, and continuous innovation through strategic acquisitions like Comet, Lavorwash, and PNR Group, solidifying its role in providing reliable solutions for green care professionals and industrial users worldwide.
€0.70
+€0.00 (+0.00%)
EOD Oct 21, 2026
Operating margin is thin at 5.60%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.8%, essentially flat. This is a business that needs a catalyst.
Net debt of €191M represents 8.0x FCF, leverage limits flexibility.
11.6x earnings, 4.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€587M
▲ +1.8% YoY
Net Income (TTM)
€10M
▲ +118.1% YoY
Op. Margin
4.16%
▲ +0.8pp YoY
ROIC
4.43%
▲ +1.2pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€24M
▲ +180.4% YoY
Op. Cash Flow (FY)
€43M
▲ +34.1% YoY
Net Debt
€191M
Cash & Equiv.
€71M
3Y CAGR: +0.4%
Continue Research
Is Emak S.p.A. (EM) overvalued?
At a P/E of 11.6 and a price-to-free-cash-flow of 4.8, Emak S.p.A. (EM) trades below a two-stage DCF intrinsic value of about €5.23 per share, so at €0.70 the stock looks undervalued (642.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Emak S.p.A. scores 32/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.0%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Emak S.p.A.'s fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €5.23 per share for EM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €3.92. At today's €0.70, that puts the stock about 642.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Emak S.p.A. a high-quality business?+
Emak S.p.A. scores 32 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 4.2% operating margin and a 4.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Emak S.p.A. (EM) pay a dividend, and how much?+
Yes, Emak S.p.A. pays a regular dividend of about €0.03 per share per year (typically in quarterly installments), a yield of roughly 5.0% at the current price. That is a payout ratio of about 55.5% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For EM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Emak S.p.A. a good stock to buy right now?+
That depends on valuation and quality together, not either alone. EM currently trades below its estimated intrinsic value and scores 32/100 on quality (lower-quality). It also yields about 5.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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