Natuzzi SpA logo

Natuzzi SpA(NTZ)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1
09/02/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for NTZ

09/02/2026: NTZ (1-star) is currently NOT-A-BUY. Pass it for now.

Natuzzi SpA is a prominent global furniture manufacturer known for its high-quality leather upholstery and long-standing Italian design heritage. While the company benefits from strong brand recognition and a diversified global retail footprint, it faces substantial challenges, including sensitivity to economic cycles and intense competition in the mass-market segment. Its primary growth opportunity lies in the shift toward direct-to-consumer sales and expansion in emerging markets, though high manufacturing costs and variable profit margins remain significant risks. The stock may best suit investors comfortable with volatility and who are monitoring the company's progress in its retail-led restructuring, though the absence of consistent dividend income makes it less ideal for income-focused portfolios.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company's historical growth rates are modest and highly sensitive to economic cycles.
Momentum investorWeak fitThe stock often lacks the consistent upward trend required for momentum strategies.
Value investorMixed fitTrading at low valuations, it may interest value investors, but the inconsistent earnings remain a concern.
Dividend investorWeak fitThe lack of a consistent, reliable dividend payout makes it unsuitable for income-focused investors.
Low-risk investorWeak fitHigh volatility and sensitivity to economic downturns make this a higher-risk equity.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to significant swings based on discretionary spending news.
Valuation riskMediumWhile often cheap, the valuation reflects the inherent difficulty in achieving stable profitability.
Competition risk (Furniture Market)HighIntense global competition from mass-market and luxury peers limits pricing power.
Business qualityMediumWhile the brand is strong, the manufacturing-heavy model is capital intensive.
Dividend incomeLow / noneNo reliable dividend income is currently provided to shareholders.
Execution riskMediumSuccessful turnaround and restructuring efforts are essential for long-term value creation.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -57.18%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NTZ receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft company fundamentals, and weak price momentum.

Company Fundamentals

★★★★★
NTZ has soft overall fundamentals (2 stars), with soft financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-89.8%), soft cash generation (FCF margin -2.8%), negative revenue growth (-7.1%).

Financial Health Rating

★★★★★
NTZ's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 36.4% of revenue). Profitability is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
NTZ's growth profile is soft, with the least-weak measure being revenue growth at -7.1% FY2025 versus FY2024. By comparison, while earnings growth (-89.8%, negative) and free-cash-flow growth (-128.6%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 29.3% and approximately 42.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.37% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Kanen Wealth Management LLC 20.27%
BENJAMIN EDWARDS INC 1.48%
Morgan Stanley - Brokerage Accounts 0.86%
EverSource Wealth Advisors, LLC 0.00%
BNP Paribas Arbitrage, SA 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
NTZ generates approximately $289 of gross profit, $-74 of operating income, and $-28 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -3.51% (Tax Credit)

Quantitative Style Profile

★★★★★
NTZ has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 11.01M USD
Price to earnings Ratio -
1Y Target Price 6.5
Price to earnings Ratio -
1Y Target Price 6.5
Volume (30-day avg) 2.7K shares
Beta 0.48
52 Weeks Range 1.00 - 3.62
Updated Date 09/27/2026
52 Weeks Range 1.00 - 3.62
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -3.19

How Company Makes Money

Business areaWhat it includesRetail investor read
Upholstery SalesLeather and fabric sofas, sectionals, and chairs sold through retail and wholesale channels.The vast majority of revenue comes from people buying sofas, making the business very sensitive to housing markets.
Geography (Global)Sales across Europe, North America, and Asia.The company is a global player, meaning exposure to multiple currencies and economic zones affects its bottom line.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 41.84
Enterprise Value 106.19M
Price to Sales(TTM) 0.04
Enterprise Value 106.19M
Price to Sales(TTM) 0.04
Enterprise Value to Revenue 0.31
Enterprise Value to EBITDA 7.87
Shares Outstanding 11.01M
Shares Floating 4.67M
Shares Outstanding 11.01M
Shares Floating 4.67M
Percent Insiders 1.37
Percent Institutions 29.27

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Natuzzi SpA

Exchange NYSE
Headquarters Santeramo In Colle, BA, Italy
IPO Launch date 1993-05-13
Founder, Executive Chairman & CEO Mr. Pasquale Natuzzi
Sector Consumer Cyclical
Industry Furnishings, Fixtures & Appliances
Full time employees 3193
Full time employees 3193

Natuzzi S.p.A., together with its subsidiaries, engages in the design, manufacture, and marketing of leather and fabric upholstered furniture in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally. It operates through two segments, Natuzzi brand and Private label. The company offers stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; home furnishing accessories, including coffee tables, lamps, rugs, and wall units; and home accessories, which include vases, mirrors, magazines racks, trays, and decorative objects. It also sells polyurethane foam and leather processing by-products. It operates Natuzzi Italia, Divani&Divani by Natuzzi, Natuzzi Re-vive, and Natuzzi Editions stores. The company offers products through its own stores and franchised stores. The company was formerly known as Industrie Natuzzi S.p.A. and changed its name to Natuzzi S.p.A. in June 2002. Natuzzi S.p.A. was incorporated in 1959 and is headquartered in Santeramo In Colle, Italy.