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Italian multi-brand luxury yacht group building Ferretti, Riva, Pershing, CRN and Wally yachts for wealthy buyers worldwide.
Italian multi-brand luxury yacht group building Ferretti, Riva, Pershing, CRN and Wally yachts for wealthy buyers worldwide.
Builds yachts under its separate brands, with the larger boats made to order and paid in stages, which gives a backlog before delivery; sales go through dealers and brokers. Weichai of China is its largest shareholder.
In one line: Italy's multi-brand luxury yacht group.
Moat: narrow (brand, installed base). Iconic heritage brands like Riva and craftsmanship support premium pricing.
Headquarters: Forli, Italy · Founded: 1968 · Employees: 2,074
Size Ferretti (YACHT.MI) is an Italy Consumer Discretionary company (Recreational Products) with a market value of $967M, the 86th largest of 123 Italy companies the cockpit tracks. Shares closed at €2.55 on 6 Nov 2026.
Performance Over six months the shares fell 27.3%, against -10.4% for the median peer and +3.1% for the Italy market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 1.2% over the last twelve months (peer median +11.9%); the operating margin is 6.6% (peer median 5.8%).
Valuation It trades at 11.6× forward earnings against a peer median of 12.4× (5th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points below its cost of capital (9.4% WACC).
Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.25B | €1.28B | €1.24B | €1.13B | €1.03B |
| Revenue growth | — | +3% | +9% | +10% | — |
| Gross profit | €230M | €251M | €253M | €244M | €206M |
| EBITDA | €155M | €175M | €166M | €144M | €102M |
| Net income | €84.4M | €90.0M | €87.9M | €83.0M | €60.3M |
| Free cash flow | €48.5M | €70.3M | -€119M | -€54.6M | €63.6M |
| Capital expenditure | €82.8M | €96.6M | €123M | €153M | €81.5M |
| Total debt | n/a | €53.8M | €33.0M | €33.9M | €39.6M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ferretti YACHT.MI | $967M | -27% | +1% | 7% | 11.6× | 3.2% |
| Sanlorenzo SL.MI | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | YACHT.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | +1.1% | 9th lowest of 21 |
| 6-month return | -27.3% | -10.4% | 5th lowest of 21 |
| Distance from 52-week high | -42.0% | -27.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +1.2% | +11.9% | 4th lowest of 21 |
| Operating margin | 6.6% | 5.8% | 11th highest of 21 |
| Forward P/E | 11.6× | 12.4× | 5th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 3.2% | -2.5% | 5th most demanding of 13 |
| Growth delivered (Del g) | +15.9% | +7.4% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | -12.8 pp | -11.4 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | -2.4 pp | -0.2 pp | 7th lowest of 20 |
| EV / EBITDA | 4.9× | 7.6× | cheapest of 14 |
| Net debt / EBITDA | -0.6× | -0.4× | 8th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ferretti YACHT.MI | Italy | $967M | -27% | +1% | 7% | 11.6× | 3.2% | +15.9% |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| GoldLok Holdings (Guangdong) 002348.SZ | China | $1.03B | -38% | +77% | -14% | n/a | n/a | n/a |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 15.8× | 6.9% | -5.7% |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| Guangzhou Pearl River Piano 002678.SZ | China | $852M | -30% | +14% | -54% | n/a | n/a | n/a |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 26.8× | 21.9% | -0.8% |
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 47.3× | 32.9% | +7.9% |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| Tron TRON | United States | $669M | -37% | +20% | -45% | n/a | n/a | n/a |
| Thunder Tiger 8033.TW | Taiwan | $647M | -14% | +11% | -5% | n/a | n/a | n/a |
| Shuhua Sports 605299.SS | China | $642M | -60% | +20% | 9% | 32.8× | n/a | n/a |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Roland 7944.T | Japan | $605M | -11% | +8% | 9% | 10.6× | -8.3% | +9.5% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Alpen 3028.T | Japan | $590M | +26% | +6% | 3% | n/a | -3.0% | +4.2% |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| Mastercraft Boat MCFT | United States | $493M | -26% | +23% | 3% | n/a | 28.3% | -7.9% |