How does EZ3's PE Ratio compare to its peers?

EZ3 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (39.5x).

How does EZ3's PE Ratio compare vs other companies in the European Professional Services Industry?

EZ3 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the European Professional Services industry average (18.5x).

What is EZ3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EZ3 is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).

What is the Fair Price of EZ3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

EZ3 (€4.42) is trading below our estimate of [[fair value]] (€26.68)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

EZ3 Stock Overview

Operates as an engineering consultancy company in Italy, Brazil, the Czech Republic, and Slovakia. More details

EZ3 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 83.4% below our estimate of its fair value

Earnings are forecast to grow 40.93% per year

Risk Analysis

Debt is not well covered by operating cash flow

Significant insider selling over the past 3 months

Does not have a meaningful market cap (€54M)

My Notes

Capture your thoughts, links and company narrative

Mare Engineering Group S.p.A. Competitors

Aquamondi

DUSE:APQ

€3.2m

edding

DB:EDD3

€39.7m

Francotyp-Postalia Holding

XTRA:FPH

€34.7m

Amadeus FiRe

XTRA:AAD

€413.4m

Price History & Performance

Summary of share price highs, lows and changes for Mare Engineering Group
Historical stock prices
Current Share Price	€4.42
52 Week High	€4.98
52 Week Low	€3.12
Beta	0
1 Month Change	-5.35%
3 Month Change	14.06%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	12.70%

Recent updates

Shareholder Returns

	EZ3	DE Professional Services	DE Market
7D	0.5%	-0.7%	0.3%
1Y	n/a	-51.6%	6.9%

Return vs Industry: Insufficient data to determine how EZ3 performed against the German Professional Services industry.

Return vs Market: Insufficient data to determine how EZ3 performed against the German Market.

Price Volatility

Is EZ3's price volatile compared to industry and market?
EZ3 volatility
EZ3 Average Weekly Movement	6.4%
Professional Services Industry Average Movement	4.0%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: EZ3 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: EZ3's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	358	Antonio Zinno	www.maregroup.it

Mare Engineering Group S.p.A. operates as an engineering consultancy company in Italy, Brazil, the Czech Republic, and Slovakia. It offers its services in the consulting, digital, and industrial sectors. The company was founded in 2001 and is based in Pomigliano d'Arco, Italy.

Mare Engineering Group S.p.A. Fundamentals Summary

How do Mare Engineering Group's earnings and revenue compare to its market cap?
EZ3 fundamental statistics
Market cap	€53.98m
Earnings (TTM)	€2.93m
Revenue (TTM)	€28.49m

18.4x

P/E Ratio

1.9x

P/S Ratio

Is EZ3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EZ3 income statement (TTM)
Revenue	€28.49m
Cost of Revenue	€18.22m
Gross Profit	€10.28m
Other Expenses	€7.34m
Earnings	€2.93m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.24
Gross Margin	36.07%
Net Profit Margin	10.30%
Debt/Equity Ratio	106.6%

How did EZ3 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 20:23
End of Day Share Price	2024/12/30 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mare Engineering Group S.p.A. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Intermonte SIM S.p.A.
Maria Di Grado	KT & Partners Srl