Bellini Nautica SpA (FRA:F2F) EBIT: €0.46 Mil (TTM As of Dec. 2025)


FRA:F2F Bellini Nautica SpA FRA:F2F
75 GF Score
Price €2.86
GF Value €4.55
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Bellini Nautica SpA EBIT?

Bellini Nautica SpA FRA:F2F +0.70% 75 EBIT is €0.46 Mil as of Dec. 2025. GuruFocus rates FRA:F2F with a GF Score™ of 75/100 and a GF Value™ of €4.55 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Bellini Nautica SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bellini Nautica SpA's annualized ROC % for the quarter that ended in Dec. 2025 was -1.26%. Bellini Nautica SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bellini Nautica SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.71%.

Bellini Nautica SpA  (FRA:F2F) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bellini Nautica SpA's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-0.238 * ( 1 - 0% )/( (16.639 + 21.045)/ 2 )
=-0.238/18.842
=-1.26 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=22.143 - 5.301 - ( 0.203 - max(0, 11.688 - 18.879+0.203))
=16.639

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=31.943 - 10.453 - ( 0.445 - max(0, 18.374 - 28.024+0.445))
=21.045

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Bellini Nautica SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.266/( ( (1.374 + max(11.911, 0)) + (1.743 + max(12.936, 0)) )/ 2 )
=0.266/( ( 13.285 + 14.679 )/ 2 )
=0.266/13.982
=1.90 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.601 + 9.185 + 1.717) - (5.301 + 0 + 1.291)
=11.911

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.339 + 15.359 + 2.771) - (10.453 + 0 + 4.08)
=12.936

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bellini Nautica SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=0.458/26.857
=1.71 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bellini Nautica SpA EBIT Related Terms

Bellini Nautica SpA EBIT Historical Data

* Premium members only.

The historical data trend for Bellini Nautica SpA's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bellini Nautica SpA EBIT Chart

Bellini Nautica SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 1.90 1.17 0.40 0.29 0.46

Bellini Nautica SpA Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.22 0.59 -0.30 0.33 0.13

FRA:F2F vs BC, THO, PII: EBIT Comparison

For the Recreational Vehicles subindustry, Bellini Nautica SpA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bellini Nautica SpA EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bellini Nautica SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bellini Nautica SpA's EV-to-EBIT falls into.


FRA:F2F
75GF Score
Bellini Nautica SpA FRA:F2F
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bellini Nautica SpA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.46 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €0.46 Mil mean?
Bellini Nautica SpA (FRA:F2F) has a EBIT of €0.46 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bellini Nautica SpA.
Is Bellini Nautica SpA's EBIT too high?
Bellini Nautica SpA's current EBIT is €0.46 Mil. Overall, Bellini Nautica SpA has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bellini Nautica SpA's EBIT compare to BC and THO?
Bellini Nautica SpA's EBIT of €0.46 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bellini Nautica SpA. Bellini Nautica SpA's current EBIT is €0.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellini Nautica SpA stock overvalued right now?
Based on GuruFocus' analysis, Bellini Nautica SpA (FRA:F2F) is currently considered Significantly Undervalued. The stock's GF Value™ is €4.55, compared to a current price of €2.86 — trading 37.1% below its estimated fair value. The current EBIT is €0.46 Mil. Bellini Nautica SpA's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Bellini Nautica SpA (FRA:F2F), the current EBIT is €0.46 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bellini Nautica SpA (FRA:F2F) Overvalued in 2026?

Based on GuruFocus' analysis, Bellini Nautica SpA stock appears to be undervalued. The current stock price of €2.86 is trading 37.1% below its estimated GF Value™ of €4.55. GuruFocus considers Bellini Nautica SpA to be Significantly Undervalued.

Key valuation signals for FRA:F2F:

  • EBIT: €0.46 Mil
  • GF Value™: €4.55 vs. price of €2.86 (37.1% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the FRA:F2F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bellini Nautica SpA Business Description

Other Exchanges BELL:Italy
Address Via Carlo Lanza, 28, Clusane d'Iseo, Brescia, ITA, 25049
Bellini Nautica SpA offers recreational vehicles. It specializes in the commercialization of high-end pleasure boats, with its offerings spanning different kinds of boats such as the Bellini yachts like B Atelier and Astor 36, and Vintage Riva boats like Florida Shore, Riva Junior, Sebino Shore, and others. The company also offers boat-related maintenance and restoration services.
75GF Score

Get the complete analysis for FRA:F2F

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.86
Price
€4.55
GF Value