Stock Analysis Report

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Executive Summary

Ratti S.p.A. manufactures and distributes fabrics and accessories for men and women in Italy and internationally.

Snowflake Analysis

Solid track record and good value.

Share Price & News

How has Ratti's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: RAT has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




IT Luxury


IT Market

1 Year Return




IT Luxury


IT Market

Return vs Industry: RAT exceeded the Italian Luxury industry which returned -13.1% over the past year.

Return vs Market: RAT exceeded the Italian Market which returned -3.2% over the past year.

Shareholder returns

7 Day5.8%5.6%3.3%
30 Day0%-0.4%0.07%
90 Day16.4%8.0%17.4%
1 Year1.1%1.1%-13.1%-13.1%-0.7%-3.2%
3 Year106.4%88.5%-16.6%-21.3%-3.6%-12.4%
5 Year117.7%82.1%-8.9%-19.4%1.9%-30.2%

Price Volatility Vs. Market

How volatile is Ratti's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Ratti undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: RAT (€4.55) is trading below our estimate of fair value (€8.23)

Significantly Below Fair Value: RAT is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: RAT is good value based on its PE Ratio (9.7x) compared to the IT Luxury industry average (17.9x).

PE vs Market: RAT is good value based on its PE Ratio (9.7x) compared to the Italian market (17.2x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RAT's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: RAT is overvalued based on its PB Ratio (2.1x) compared to the IT Luxury industry average (1.1x).

Next Steps

Future Growth

How is Ratti forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ratti has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Ratti performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RAT has high quality earnings.

Growing Profit Margin: RAT's current net profit margins (10.9%) are higher than last year (9.4%).

Past Earnings Growth Analysis

Earnings Trend: RAT's earnings have grown significantly by 38.5% per year over the past 5 years.

Accelerating Growth: RAT's earnings growth over the past year (23.9%) is below its 5-year average (38.5% per year).

Earnings vs Industry: RAT earnings growth over the past year (23.9%) exceeded the Luxury industry 0.9%.

Return on Equity

High ROE: RAT's Return on Equity (21.6%) is considered high.

Next Steps

Financial Health

How is Ratti's financial position?

Financial Position Analysis

Short Term Liabilities: RAT's short term assets (€94.7M) exceed its short term liabilities (€41.3M).

Long Term Liabilities: RAT's short term assets (€94.7M) exceed its long term liabilities (€39.1M).

Debt to Equity History and Analysis

Debt Level: RAT's debt to equity ratio (64.6%) is considered high.

Reducing Debt: RAT's debt to equity ratio has increased from 49.2% to 64.6% over the past 5 years.

Debt Coverage: RAT's debt is well covered by operating cash flow (45.8%).

Interest Coverage: RAT's interest payments on its debt are well covered by EBIT (49.8x coverage).

Balance Sheet

Next Steps


What is Ratti current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RAT's dividend (4.84%) is higher than the bottom 25% of dividend payers in the Italian market (1.8%).

High Dividend: RAT's dividend (4.84%) is low compared to the top 25% of dividend payers in the Italian market (4.87%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RAT has been paying a dividend for less than 10 years.

Growing Dividend: RAT's dividend payments have increased, but the company has only paid a dividend for 8 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47%), RAT's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Sergio Tamborini (61 yo)

no data




Mr. Sergio Tamborini serves as the Chief Executive Officer of Ratti SpA and serves as its Director since December 23, 2009.

CEO Compensation Analysis

Compensation vs Market: Sergio's total compensation ($USD746.57K) is above average for companies of similar size in the Italian market ($USD457.59K).

Compensation vs Earnings: Sergio's compensation has increased by more than 20% in the past year.

Board Members

Sergio Tamborini
CEO & Directorno data€631.00kno data
Antonio Favrin
Vice President of the Boardno data€114.00k34.01%
€ 42.3m
Donatella Ratti
President of the Boardno data€161.00kno data
Giovanni Rizzi
President of the Board of Statutory Auditors6.33yrs€20.00kno data
Federica Favrin
Director10.33yrs€23.00kno data
Sergio Meacci
Independent Director10.33yrs€30.00kno data
Carlo Lazzati
Independent Director10.33yrs€27.00kno data
Andrea Paolo Donà Dalle Rose
Director10.33yrs€19.00kno data
Marco Della Putta
Member of the Board of Statutory Auditors9.33yrs€13.00kno data
Davide Favrin
Director6.33yrs€14.00kno data
Giovanna Lazzarotto
Director6.33yrs€14.00kno data
Antonella Alfonsi
Member of the Board of Statutory Auditors6.33yrs€13.00kno data


Average Tenure


Average Age

Experienced Board: RAT's board of directors are considered experienced (9.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Ratti S.p.A.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Ratti S.p.A.
  • Ticker: RAT
  • Exchange: BIT
  • Founded: 1945
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: €124.443m
  • Shares outstanding: 27.35m
  • Website:


  • Ratti S.p.A.
  • Via Madonna, 30
  • Guanzate
  • Como
  • 22070
  • Italy


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RATBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0P41LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
RATMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992


Ratti S.p.A. manufactures and distributes fabrics and accessories for men and women in Italy and internationally. The company offers printed, plain, yarn-dyed, and jacquard fabrics for women’s ready-to-wea ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 05:10
End of Day Share Price2020/08/14 00:00
Annual Earnings2019/12/31

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.