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.
Sanlorenzo S.p.A. is an Italian luxury shipbuilder renowned for designing, manufacturing, and selling made-to-measure motor yachts and superyachts ranging from 24 to 70 meters in length. Founded in 1958 near Florence, the company has evolved under leadership changes, including Massimo Perotti as Executive Chairman since 2005, establishing headquarters in Ameglia and four production sites in Ameglia, La Spezia, Viareggio, and Massa for efficient operations. It operates through three key divisions: Yacht (composite models 24-38 meters, the primary revenue source), Superyacht (aluminum and steel vessels 40-70 meters), and Bluegame (sport utility yachts 13-23 meters), emphasizing customization, innovation, and collaborations with renowned designers like Piero Lissoni. Sanlorenzo serves a global clientele via representatives in EMEA, Americas, and APAC, producing limited units annually to ensure exclusivity and quality, while employing around 1,660 people and partnering with artisan networks. Recognized as a leading single-brand builder, it integrates timeless design with modern features like steel displacement hulls and sustainable initiatives, solidifying its pivotal role in the premium yachting sector.
10.34% operating margin is respectable but not wide. ROIC at 14.36%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 8.0%, steady but not accelerating.
ROIC dropped from 17.13% to 14.36%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€1.12B
▲ +8.0% YoY
Net Income (TTM)
€111M
▲ +5.8% YoY
Op. Margin
10.28%
▼ -1.3pp YoY
ROIC
14.36%
▼ -2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€77M
▲ +211.5% YoY
Op. Cash Flow (TTM)
€145M
▲ +104.1% YoY
Net Debt
-€15M
Net Cash Position
Cash & Equiv.
€182M
3Y CAGR: +11.1%
3Y CAGR: -40.0%
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