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Bellini Nautica S.p.A (BELL) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €20.0M

BN Bellini Nautica S.p.A BELL · MI
Price€3.24
Fair Value€0.4900
Upside-84.9%
Quality87/100
Evidence: Medium Range €0.3400 – €0.6300

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 5 days ago

Share price +0.6% over the past month.

Price vs Fair Value (12 months)

€3.36 €2.60 Fair Value €0.4900 Jun 2025 Jun 2026

12‑month range €2.60 – €3.36 · fair‑value band €0.3400 – €0.6300 · the €3.24 price screens above the €0.4900 fair value. As of Jun 24, 2026.

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Analysis

Bellini Nautica S.p.A (BELL) currently trades at €3.24, while our model-based Fair Value estimate is €0.4900 — implying the stock looks roughly 84.9% overvalued today. We read business quality at 87/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Bellini Nautica S.p.A generated revenue of €24.4M at a net margin of 0.4%. Revenue grew 31.2% year over year. It earns a return on equity of 1.0%. Net debt stands at €5.0M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €24.4M
Revenue growth (YoY) +31.2%
Net margin 0.4%
Return on equity 1.0%
Free cash flow −€2.8M FY2025
P/E ratio 314.0
More key figures
Operating margin 1.1%
EPS (TTM) €0.0100
Net debt €5.0M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Bellini Nautica S.p.A. engages in the sale of new and used yachts. It provides boat storage and harbour services; boat transfer and transportation; boat refitting and painting; mechanical assistance and maintenance; technical counseling and naval procedures. The company is also involved in the sale of new and used boats and customer support services; Riva vintage restoration and trading activities; production of yachts under the Bellini brand; and rental services. Bellini Nautica S.p.A. was founded in 1960 and is based in Brescia, Italy.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bellini Nautica S.p.A reported revenue of €24.0M in FY2025 versus €10.2M in FY2021, a compound +23.7%/yr. Reported net income was €87.7K in FY2025, compounding −48.8%/yr from FY2021.

Revenue +23.7%/yr
FY21 €10.2M
FY22 €13.3M
FY23 €11.8M
FY24 €20.2M
FY25 €24.0M
Net income −48.8%/yr
FY21 €1.3M
FY22 €674K
FY23 €241K
FY24 −€201K
FY25 €87.7K

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Frequently asked questions

Is Bellini Nautica S.p.A (BELL) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €0.4900 versus a price of €3.24 — about −85% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BELL?
Our 21-model fair value for Bellini Nautica S.p.A is €0.4900 (as of Jun 24, 2026), built from audited fundamentals. The current price is €3.24.
What is the quality score of BELL?
Bellini Nautica S.p.A has a Quality Score of 87/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bellini Nautica S.p.A (BELL)?
Bellini Nautica S.p.A reported trailing-twelve-month revenue of about €24.4M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BELL?
The net profit margin of Bellini Nautica S.p.A is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.