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Technogym S.p.A. (TGYM.MI)

EUR14.87 +0.13 (+0.88%)
IT MIL Consumer Cyclical Leisure
Address Via Calcinaro, 2861 47521
Cesena, FO, IT
CEO Nerio Alessandri
IPO 2016-05-03
ISIN IT0005162406

Explore sections of this company profile

Also trades on Italian Stock Exchange · TGYM.MI (EUR) Other OTC · TCCHF (USD)
Description

Headquartered in Cesena, Italy, Technogym S.p.A. is a global wellness enterprise founded in 1983. The company is dedicated to the design, manufacturing, and worldwide distribution of sophisticated fitness equipment and solutions for physical exercise, wellness, and rehabilitation. Its comprehensive catalog encompasses a wide array of workout machinery, such as treadmills, exercise bikes, elliptical trainers, rowers, stair climbers, and upper body conditioning units. For strength training, it offers selectorized, plate-loaded, and multi-gym equipment, as well as cable stations, benches, racks, and free weights, complemented by functional and stretching apparatus. Beyond large machines, Technogym also supplies a variety of exercise tools, including mats, resistance bands (loop, elastic, power), jump ropes, foam rollers, wellness balls, balance pads, balance domes, slam balls, and medicine balls, along with its specific personal line of products. The company reaches a diverse customer base, including fitness centers, hotels, residential complexes, corporate wellness programs, high-performance sports organizations, and individual home consumers, utilizing direct field and inside sales, retail channels, and wholesale partnerships for distribution.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR14.87 +0.13 (+0.88%)
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Volume Profile
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Liquidity & share structure
Average Volume
308.8K
Beta
0.88
Float Shares
107.90M
Free Float %
54.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.74% -11.74% -11.13% -4.25% +10.14% +9.67% +51.06% +108.06% +71.91% +340.84% +391.99%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
14.87
DCF (Unlevered) 19.49 +31.1%
DCF (Levered) 21.61 +45.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.08
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Leisure: +7.6%
    +12.8% Q4'25: +27.7% (vs Q4'23)
  • EPS growth Leisure: +13.2%
    +31.8% Q4'25: +72.7% (vs Q4'23)
  • FCF margin FCF growth · Leisure: +30.4%
    +12.1% Q4'25: +17.2% (vs Q4'23)
  • EBIT margin Leisure: +11.0%
    +15.8% Q4'25: +4.7% (vs Q4'23)
  • ROIC Leisure: +6.9%
    +64.9% Q4'25: +42.1% (vs Q4'23)
  • Share dilution Leisure: +0.0%
    -0.3% Q4'25: -1.6% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    0.27× Q4'25: 0.28× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.87) × ERP
WACC = 98% × Ke + 2% × Kd (28.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 19.49 Current price: 14.87
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
9 Rev. Ana.
8 EPS Ana.
Dec 2027
8 Rev. Ana.
7 EPS Ana.
Dec 2028
7 Rev. Ana.
6 EPS Ana.
Dec 2029
3 Rev. Ana.
4 EPS Ana.
Dec 2030
6 Rev. Ana.
2 EPS Ana.
Revenue
554.97M
est: 554.49M (+0.1%)
587.04M
est: 598.46M (-1.9%)
634.14M
est: 634.16M (0.0%)
666.42M
est: 677.07M (-1.6%)
508.34M
est: 516.01M (-1.5%)
609.74M
est: 613.43M (-0.6%)
719.03M
est: 712.46M (+0.9%)
808.09M
est: 840.19M (-3.8%)
901.29M
est: 887.29M (+1.6%)
1.02B
est: 1.01B (+0.7%)
1.11B
1.08B – 1.13B
+9.4% YoY
1.20B
1.16B – 1.24B
+8.2% YoY
1.28B
1.28B – 1.29B
+7.4% YoY
1.28B
1.25B – 1.32B
-0.2% YoY
1.35B
1.31B – 1.39B
+5.1% YoY
EBITDA
91.34M
est: 102.18M (-10.6%)
112.47M
est: 110.29M (+2.0%)
130.42M
est: 116.87M (+11.6%)
138.00M
est: 124.78M (+10.6%)
93.19M
est: 95.09M (-2.0%)
116.27M
est: 113.05M (+2.8%)
123.78M
est: 131.30M (-5.7%)
144.18M
est: 200.56M (-28.1%)
177.41M
est: 211.80M (-16.2%)
212.54M
est: 241.04M (-11.8%)
263.80M
258.75M – 269.29M
+9.4% YoY
285.36M
276.49M – 295.93M
+8.2% YoY
306.55M
305.77M – 307.33M
+7.4% YoY
306.02M
298.26M – 314.96M
-0.2% YoY
321.78M
313.62M – 331.18M
+5.1% YoY
EBIT
67.95M
est: 69.21M (-1.8%)
87.29M
est: 74.70M (+16.9%)
108.53M
est: 79.15M (+37.1%)
107.25M
est: 84.51M (+26.9%)
58.53M
est: 64.41M (-9.1%)
79.86M
est: 76.57M (+4.3%)
83.51M
est: 88.93M (-6.1%)
98.62M
est: 163.46M (-39.7%)
126.11M
est: 172.62M (-26.9%)
160.20M
est: 196.45M (-18.5%)
215.00M
210.88M – 219.47M
+9.4% YoY
232.57M
225.34M – 241.18M
+8.2% YoY
249.84M
249.20M – 250.48M
+7.4% YoY
249.41M
243.09M – 256.70M
-0.2% YoY
262.25M
255.60M – 269.91M
+5.1% YoY
Net Income
43.09M
est: 40.34M (+6.8%)
61.20M
est: 58.00M (+5.5%)
93.03M
est: 82.74M (+12.4%)
83.21M
est: 84.80M (-1.9%)
36.00M
est: 38.05M (-5.4%)
63.07M
est: 52.34M (+20.5%)
63.59M
est: 65.22M (-2.5%)
73.64M
est: 76.31M (-3.5%)
87.04M
est: 86.48M (+0.7%)
115.12M
est: 107.73M (+6.9%)
130.91M
123.28M – 139.85M
+21.5% YoY
146.86M
137.77M – 162.89M
+12.2% YoY
162.79M
148.08M – 187.43M
+10.8% YoY
162.76M
157.40M – 168.94M
0.0% YoY
174.67M
168.91M – 181.31M
+7.3% YoY
SGA
135.49M
est: 130.37M (+3.9%)
143.75M
est: 140.71M (+2.2%)
153.61M
est: 149.11M (+3.0%)
144.04M
est: 159.20M (-9.5%)
119.09M
est: 121.33M (-1.8%)
140.57M
est: 144.23M (-2.5%)
163.26M
est: 167.52M (-2.5%)
194.21M
est: 159.57M (+21.7%)
219.38M
est: 168.52M (+30.2%)
8.42M
est: 191.78M (-95.6%)
209.89M
205.87M – 214.26M
+9.4% YoY
227.05M
219.98M – 235.45M
+8.2% YoY
243.90M
243.28M – 244.53M
+7.4% YoY
243.48M
237.31M – 250.60M
-0.2% YoY
256.02M
249.53M – 263.50M
+5.1% YoY
EPS
0.21
est: 0.20 (+3.7%)
0.30
est: 0.29 (+3.0%)
0.46
est: 0.42 (+10.7%)
0.41
est: 0.43 (-3.7%)
0.18
est: 0.19 (-5.8%)
0.31
est: 0.26 (+18.0%)
0.32
est: 0.33 (-2.4%)
0.37
est: 0.38 (-3.3%)
0.44
est: 0.43 (+1.2%)
0.58
est: 0.55 (+6.2%)
0.66
0.62 – 0.70
+21.5% YoY
0.74
0.69 – 0.82
+12.2% YoY
0.83
0.75 – 0.94
+11.9% YoY
0.82
0.79 – 0.85
-1.6% YoY
0.88
0.85 – 0.91
+7.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-28 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-27 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-26 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-25 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-22 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-21 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-20 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-19 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-18 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-15 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-14 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-13 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-23 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-22 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-21 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-20 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-17 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
369.55M
OE per share TTM
1.85
Owner's Yield
10.47%
Maintenance CapEx ratio
3.50%
Maint CapEx / Avg PPE
23.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 96 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
68.6K
Shares Outstanding
199.29M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nerio Alessandri Chairman, Chief Executive Officer & President 2M male
Pierluigi Alessandri Non-Independent Deputy Chairman 590.2K male
Carlo Capelli Head of Investor Relations & Executive Director 43.5K male
Massimiliano Moi Financial Reporting Officer male
William Marabini MD of Adminis, Finan and Control and In Charge of Accounting Documents & Financial Reporting Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits