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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Sanlorenzo S.p.A.

Ticker: SL.MI | Industry: Auto - Recreational Vehicles | Sector: Consumer Cyclical
$32.80 +0.20 (0.61%)
As of: 2026-01-28

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Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019
Stock Price 29.33 37.15 39.31 34.69 28.56 14.67 15.99
Market Capitalization 1,027.53M 1,301.31M 1,364.74M 1,199.18M 984.07M 505.83M 497.76M
(-) Cash & Equivalents 129.64M 141.93M 192.38M 158.92M 115.75M 84.82M -1.16M
(+) Total Debt 212.78M 109.70M 91.35M 101.70M 96.27M 106.31M 18.85M
Enterprise Value 1,110.67M 1,269.07M 1,263.72M 1,141.96M 964.59M 527.33M 517.77M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Revenue 1,041M 896M 963M 867M 818M 674M 533M 510M 380M
Cost of Revenue 610M 631M 826M 715M 307M 319M 240M 237M 190M
Gross Profit 430M 266M 138M 151M 511M 355M 293M 272M 190M
Gross Profit Margin 41.4% 29.6% 14.3% 17.5% 62.4% 52.7% 55.0% 53.4% 50.0%
R&D Expenses 5M 17M 16M 14M 11M 11M 5M 6M 6M
SG&A Expenses 115M 60M 66M 67M 57M -1M 40M 38M 32M
Operating Expenses 350M 139M 149M 119M 17M 16M 14M 229M 166M
Operating Income (EBIT) 80M 127M -11M 32M 494M 339M 279M 43M 23M
Operating Income Margin 7.7% 14.2% -1.2% 3.7% 60.4% 50.3% 52.3% 8.5% 6.2%
Interest Income 7M 9M 1M 1M 0M 0M 0M 0M 0M
Interest Expense 6M 1M 4M 2M 1M 1M 2M 4M 2M
Net Interest Income 1M 8M -3M -1M -1M -1M -2M -4M -2M
Unusual Items 58M 1M 156M 98M -391M -267M -230M -1M -2M
EBT Excluding Unusual Items 81M 135M -14M 31M 493M 338M 277M 39M 21M
Pre-Tax Income 139M 136M 141M 130M 102M 71M 47M 38M 19M
Pre-Tax Margin 13.3% 15.2% 14.7% 15.0% 12.5% 10.5% 8.8% 7.4% 5.0%
Income Tax Expense 32M 38M 38M 36M 28M 20M 12M 11M 6M
Net Income 106M 97M 103M 93M 74M 51M 35M 27M 12M
Net Income Margin 10.2% 10.9% 10.7% 10.7% 9.1% 7.6% 6.5% 5.3% 3.3%
Depreciation & Amortization 37M 33M 37M 32M 27M 22M 20M 17M 11M
EBITDA 117M 160M 26M 64M 521M 361M 299M 60M 34M
EBITDA Margin 11.2% 17.9% 2.7% 7.4% 63.6% 53.6% 56.1% 11.8% 9.1%
NOPAT 62M 91M -8M 23M 361M 245M 205M 31M 16M
NOPAT Margin 5.9% 10.2% -0.9% 2.7% 44.1% 36.4% 38.4% 6.0% 4.1%
Owner's Earnings 101M 74M 91M 80M 51M 24M 24M -8M -6M
Owner's Earnings Margin 9.7% 8.3% 9.4% 9.2% 6.2% 3.6% 4.5% -1.5% -1.6%
EPS (Basic) 3.03 2.80 2.95 2.67 2.15 1.48 1.00 0.84 0.41
EPS (Diluted) 3.02 2.77 2.91 2.65 2.12 1.47 1.00 0.84 0.41
Shares (Basic) 35M 35M 35M 35M 35M 34M 34M 32M 30M
Shares (Diluted) 35M 35M 35M 35M 35M 35M 34M 32M 30M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Cash & Cash Equivalents 138.37M 120.91M 135.65M 192.51M 146.32M 141.27M 94.36M 60.19M 48.73M
Short-Term Investments 46.92M 64.63M 35.47M 21.51M 51.05M 0.00M 0.00M 6.50M 16.10M
Cash & Short-Term Investments 185.29M 185.54M 171.12M 214.02M 197.37M 141.27M 94.36M 66.69M 64.83M
Net Receivables 319.88M 311.66M 325.79M 222.34M 209.89M 156.12M 130.17M 130.52M 140.91M
Inventory 186.72M 156.76M 126.35M 85.42M 53.44M 68.27M 82.21M 62.31M 39.32M
Other Current Assets 104.33M 98.14M 21.74M 18.99M 19.58M 14.24M 19.00M 6.81M 35.68M
Total Current Assets 796.21M 752.10M 645.00M 540.76M 480.28M 379.90M 325.74M 266.32M 280.75M
Property, Plant & Equipment 217.48M 217.79M 221.02M 179.82M 158.71M 134.99M 112.49M 102.60M 78.47M
Goodwill 69.27M 69.08M 69.08M 17.49M 10.76M 8.67M 8.67M 8.67M 8.67M
Intangible Assets 71.23M 110.28M 110.71M 55.16M 51.37M 45.28M 36.43M 35.40M 25.10M
Long-Term Investments 12.68M 12.78M 13.15M 6.56M -39.63M 0.45M 0.41M -6.12M -16.07M
Tax Assets 0.00M 9.15M 0.00M 12.26M 5.50M 5.96M 6.54M 3.01M 1.96M
Other Non-Current Assets 48.79M 0.00M 8.97M 0.00M 51.05M 0.00M 0.00M 6.50M 16.41M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 419.44M 419.07M 422.92M 271.29M 237.76M 195.34M 164.54M 150.06M 114.54M
Total Assets 1,215.65M 1,171.18M 1,067.92M 812.05M 718.04M 575.24M 490.29M 416.38M 395.29M
Accounts Payable 280.91M 255.68M 282.63M 203.81M 155.98M 120.13M 137.24M 152.19M 113.32M
Short-Term Debt 93.12M 113.33M 64.19M 43.97M 48.32M 29.72M 25.79M 18.27M 24.07M
Tax Payables 0.00M 4.31M 3.85M 10.50M 12.97M 3.73M 9.13M 5.38M 1.97M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 132.37M 132.39M 79.92M 44.82M 1.97M
Other Current Liabilities 189.34M 186.96M 193.03M 161.01M 32.03M 8.77M -2.20M -4.48M 70.46M
Total Current Liabilities 563.36M 560.27M 543.70M 419.29M 381.66M 294.72M 249.87M 216.19M 211.79M
Long-Term Debt 92.34M 100.30M 53.60M 23.03M 43.86M 65.69M 57.93M 54.71M 64.14M
Capital Lease Obligations 26.48M 0.00M 25.52M 9.02M 7.85M 4.82M 6.94M 2.93M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 48.10M 49.40M 47.24M 16.90M 11.05M 2.49M 2.23M 1.71M 1.83M
Total Non-Current Liabilities 166.92M 149.70M 126.36M 48.95M 62.76M 73.00M 67.11M 59.34M 65.96M
Total Liabilities 730.28M 709.97M 670.06M 468.24M 444.42M 367.73M 316.98M 275.53M 277.75M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 7.09M 3.74M 0.00M
Common Stock 35.61M 35.56M 35.54M 34.98M 34.78M 34.54M 34.50M 34.50M 30.00M
Retained Earnings 296.20M 21.25M 107.61M 92.84M 79.42M 122.68M 34.51M 27.03M 12.44M
Accumulated OCI 30.70M 295.48M 200.66M 12.30M 96.04M -4.48M -7.09M -3.74M 47.68M
Minority Interest 4.89M 6.14M 4.62M 1.69M 1.55M 0.10M -0.36M -2.46M -1.84M
Total Shareholders’ Equity 362.50M 352.28M 343.81M 140.11M 210.25M 152.74M 69.01M 61.53M 90.11M
Total Equity 367.39M 358.42M 348.42M 141.80M 211.80M 152.84M 68.65M 59.08M 88.27M
Total Liabilities & Equity 1,097.67M 1,068.39M 1,018.48M 610.04M 656.22M 520.57M 385.63M 334.61M 366.02M
Tangible Assets 1,075.15M 991.81M 888.14M 739.40M 655.91M 521.30M 445.19M 372.31M 361.52M
Tangible Equity 226.89M 179.06M 168.64M 69.16M 149.67M 98.90M 23.55M 15.00M 54.50M
Tangible Book Value 226.89M 179.06M 168.64M 69.16M 149.67M 98.90M 23.55M 15.00M 54.50M
Total Investments 59.60M 77.41M 47.38M 28.07M 11.43M 0.45M 0.41M 0.38M 0.03M
Net Debt 47.09M 92.71M -17.86M -125.50M -54.14M -45.86M -10.64M 12.79M 39.47M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Working Capital 191.1M 191.8M 138.0M 134.4M 112.6M 105.4M 85.8M 59.1M 58.2M
Total Capital 656.7M 668.7M 579.4M 434.3M 388.6M 329.3M 276.4M 229.2M 196.1M
Capital Employed 610.5M 610.9M 560.9M 405.7M 350.4M 300.7M 250.4M 209.1M 172.7M
Invested Capital 518.3M 547.8M 443.8M 241.8M 242.2M 188.0M 182.0M 169.0M 147.4M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Net Income 106.67M 97.34M 103.12M 92.84M 74.74M 51.01M 34.41M 27.03M 12.66M
Depreciation & Amortization 41.53M 33.32M 37.08M 31.60M 26.74M 22.44M 20.21M 16.87M 11.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.64M 0.89M 0.00M -0.75M 0.23M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -162.58M -75.33M -94.09M 0.05M 35.59M 26.27M -11.90M 2.02M 48.08M
Accounts Receivable -150.72M -72.78M -125.82M -17.68M -54.92M -5.33M -22.01M 18.04M -9.36M
Inventory -50.82M -34.51M -28.73M -31.98M 14.83M 13.95M -19.90M -22.99M 36.80M
Accounts Payable -46.71M 76.28M 67.53M 47.83M 35.85M -17.11M -14.95M 38.87M 12.45M
Other Working Capital 85.67M -44.33M -18.48M 1.87M 39.83M 34.77M 44.96M -31.91M 11.28M
Other Non-Cash Items 44.45M -4.46M -15.26M -7.34M 7.40M -2.77M 3.29M 8.02M 7.86M
Net Cash from Operating Activities 30.07M 50.87M 30.86M 117.15M 145.11M 97.83M 46.00M 53.19M 79.61M
Capital Expenditures (PPE) 3.68M -51.86M 0.00M -32.00M -49.95M -49.21M -30.82M -51.45M -29.39M
Acquisitions (Net) 12.09M -13.00M -41.38M -20.00M -16.26M -0.06M 0.26M 0.06M -6.03M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M -16.26M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 16.26M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -87.00M 6.25M -43.60M 0.92M -2.94M -0.36M -0.51M 0.14M 0.21M
Net Cash from Investing Activities -71.24M -58.61M -84.98M -51.08M -69.15M -49.62M -31.07M -51.25M -35.21M
Net Debt Issuance 96.26M -15.18M 31.70M -6.88M -20.54M 9.74M 11.43M -12.27M -21.40M
Long-Term Debt Issuance 96.26M -11.76M 31.70M -8.06M -17.52M 9.74M 11.43M -12.27M -11.78M
Short-Term Debt Issuance 0.00M -3.42M 0.00M 1.18M -3.03M 0.00M 0.00M 0.00M -0.30M
Net Stock Issuance -17.71M 3.92M -3.70M 0.09M 2.23M 0.69M -0.90M 69.66M 0.00M
Common Stock Issuance -1.75M 7.16M 2.51M 3.40M 4.28M 0.69M 0.00M 69.66M 0.00M
Common Stock Repurchased -15.08M -3.24M -3.97M -3.31M -2.05M 0.00M -0.90M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.97M -2.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -35.21M -34.70M -34.81M -22.98M -20.65M -10.33M 0.00M -3.80M -0.30M
Common Dividends Paid -35.21M -34.70M -34.81M -22.98M -20.65M -10.33M 0.00M -3.80M -0.30M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -39.04M 5.56M 4.06M 9.89M -31.95M -1.39M 8.71M -44.08M -19.19M
Net Cash from Financing Activities 4.31M -40.40M -2.74M -19.88M -70.91M -1.29M 19.25M 9.51M -40.89M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -36.87M -47.32M -56.86M 46.19M 5.05M 46.91M 34.17M 11.45M 3.51M
Cash at Beginning of Period 563.08M 742.15M 192.51M 146.32M 141.27M 94.36M 60.19M 48.73M 45.23M
Cash at End of Period 526.21M 694.83M 135.65M 192.51M 146.32M 141.27M 94.36M 60.19M 48.73M
Operating Cash Flow 30.07M 51.68M 30.86M 117.15M 145.11M 97.83M 46.00M 53.19M 79.61M
Capital Expenditure -41.85M -56.64M -49.33M -44.50M -49.95M -49.21M -30.82M -51.45M -29.39M
Free Cash Flow -11.78M -4.97M -18.47M 72.65M 95.16M 48.62M 15.18M 1.74M 50.22M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
EBITDA 346.93M 221.71M 92.60M 102.40M 469.71M 366.98M 268.15M 245.84M 163.43M
(-) Tax Adjustment 79.14M 62.35M 25.10M 28.73M 126.48M 101.58M 71.37M 71.78M 54.41M
(-) Change In Working Capital -162.58M -75.33M -94.09M 0.05M 35.59M 26.27M -11.90M 2.02M 48.08M
(-) Capital Expenditure -41.85M -56.64M -49.33M -44.50M -49.95M -49.21M -30.82M -51.45M -29.39M
Unlevered Free Cash Flow 388.51M 178.05M 112.26M 29.12M 257.69M 189.92M 177.86M 120.60M 31.54M
(-) Net Interest Income After Taxes 0.65M 5.53M -2.17M -0.77M -0.55M -0.81M -1.40M -2.94M -1.62M
Net Debt Issuance 96.26M -15.18M 31.70M -6.88M -20.54M 9.74M 11.43M -12.27M -21.40M
Levered Free Cash Flow 484.12M 157.34M 146.14M 23.01M 237.70M 200.47M 190.69M 111.27M 11.77M