Buy Or Sell Opportunity • Jun 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.2% to €17.33. The fair value is estimated to be €14.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Upcoming Dividend • May 11
Upcoming dividend of €0.38 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (2.3%). Direktnyheter • May 09
Technogym Q1 Revenue Reaches €236.8M With Support From Google AI and Olympic Presence Q1 2026 revenue reached €236.8m, a 10.1% year-on-year increase.
Growth was supported by product development, ESG initiatives and a new partnership with Google AI.
Technogym supplied equipment for its tenth Olympic Games as Official Supplier.
For you as an investor, this update highlights a few clear themes: Technogym is reporting double-digit revenue growth in Q1 2026 and tying that performance to both product development and its ESG positioning. The partnership with Google AI points to a focus on connected fitness and data-driven training, which can be important in the premium fitness and wellness segment where Technogym operates.
The Olympic Games link gives the brand broad global visibility and reinforces its positioning with professional athletes and high-performance training centers. When you look at this news in your own research, you might want to consider how sustained demand from gyms, hospitality, corporate wellness and home users could be supported by these technology partnerships and marketing platforms, as well as how the company’s ESG initiatives fit with institutional and long-term investor preferences. Price Target Changed • May 08
Price target increased by 7.7% to €19.00 Up from €17.64, the current price target is an average from 9 analysts. New target price is 11% below last closing price of €21.46. Stock is up 69% over the past year. The company is forecast to post earnings per share of €0.66 for next year compared to €0.58 last year. Tillkännagivande • Apr 06
Technogym S.p.A., Annual General Meeting, May 05, 2026 Technogym S.p.A., Annual General Meeting, May 05, 2026, at 10:00 W. Europe Standard Time. Location: via calcinaro n 2861, cesena Italy Declared Dividend • Mar 22
Dividend of €0.38 announced Shareholders will receive a dividend of €0.38. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €0.58 (up from €0.44 in FY 2024). Revenue: €1.02b (up 13% from FY 2024). Net income: €115.1m (up 32% from FY 2024). Profit margin: 11% (up from 9.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 20
Technogym S.p.A. announces Annual dividend, payable on May 20, 2026 Technogym S.p.A. announced Annual dividend of EUR 0.3800 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. Buy Or Sell Opportunity • Mar 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to €17.11. The fair value is estimated to be €14.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Price Target Changed • Feb 05
Price target increased by 8.0% to €16.57 Up from €15.34, the current price target is an average from 9 analysts. New target price is 7.9% below last closing price of €17.98. Stock is up 61% over the past year. The company is forecast to post earnings per share of €0.53 for next year compared to €0.44 last year. Price Target Changed • Dec 01
Price target increased by 7.1% to €15.66 Up from €14.62, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €16.19. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.54 for next year compared to €0.44 last year. Price Target Changed • Sep 03
Price target increased by 8.1% to €14.04 Up from €12.98, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of €14.34. Stock is up 49% over the past year. The company is forecast to post earnings per share of €0.53 for next year compared to €0.44 last year. Reported Earnings • Aug 03
First half 2025 earnings released: EPS: €0.21 (vs €0.16 in 1H 2024) First half 2025 results: EPS: €0.21 (up from €0.16 in 1H 2024). Revenue: €458.8m (up 14% from 1H 2024). Net income: €40.8m (up 31% from 1H 2024). Profit margin: 8.9% (up from 7.7% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 12
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 17
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: €0.44 (up from €0.37 in FY 2023). Revenue: €901.3m (up 12% from FY 2023). Net income: €87.0m (up 18% from FY 2023). Profit margin: 9.7% (in line with FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Declared Dividend • Mar 31
Dividend increased to €0.80 Dividend of €0.80 is 208% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Mar 30
Technogym S.p.A. announces Annual dividend, payable on May 21, 2025 Technogym S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Price Target Changed • Mar 27
Price target increased by 8.3% to €12.44 Up from €11.49, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of €12.02. Stock is up 31% over the past year. The company is forecast to post earnings per share of €0.43 for next year compared to €0.37 last year. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.16 (vs €0.14 in 1H 2023) First half 2024 results: EPS: €0.16 (up from €0.14 in 1H 2023). Revenue: €402.1m (up 8.7% from 1H 2023). Net income: €31.1m (up 9.4% from 1H 2023). Profit margin: 7.7% (in line with 1H 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 13
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (3.2%). Reported Earnings • Mar 27
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: €808.1m (up 12% from FY 2022). Net income: €73.6m (up 16% from FY 2022). Profit margin: 9.1% (up from 8.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Leisure industry in Europe. Reported Earnings • Aug 07
First half 2023 earnings: EPS and revenues exceed analyst expectations First half 2023 results: EPS: €0.14 (up from €0.12 in 1H 2022). Revenue: €370.0m (up 14% from 1H 2022). Net income: €28.5m (up 21% from 1H 2022). Profit margin: 7.7% (up from 7.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • May 15
Upcoming dividend of €0.25 per share at 2.9% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.4%). Reported Earnings • Apr 02
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: €0.32 (up from €0.31 in FY 2021). Revenue: €721.5m (up 18% from FY 2021). Net income: €63.6m (flat on FY 2021). Profit margin: 8.8% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Francesca Donato was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Jan 22
Technogym S.p.A., Annual General Meeting, May 05, 2023 Technogym S.p.A., Annual General Meeting, May 05, 2023. Agenda: To consider and approve the Financial Statement 2022. Buying Opportunity • Sep 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be €7.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 49% in the next 2 years. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €30.4m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.10, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.20 per share. Upcoming Dividend • May 16
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (2.5%). Price Target Changed • Apr 27
Price target decreased to €8.28 Down from €9.48, the current price target is an average from 9 analysts. New target price is 18% above last closing price of €7.00. Stock is down 38% over the past year. The company is forecast to post earnings per share of €0.31 for next year compared to €0.31 last year. Price Target Changed • Mar 24
Price target decreased to €9.06 Down from €9.82, the current price target is an average from 9 analysts. New target price is 37% above last closing price of €6.63. Stock is down 31% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.18 last year. Price Target Changed • Oct 29
Price target decreased to €10.64 Down from €11.59, the current price target is an average from 9 analysts. New target price is 17% above last closing price of €9.08. Stock is up 42% over the past year. The company is forecast to post earnings per share of €0.31 for next year compared to €0.18 last year.