Abitare In S.p.A. (ABT.MI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+270.8%

€10.31

vs €2.78 price

Levered DCF

-€25.16

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.22

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	190.67×	18.04×	6.41×	17.93×	14.7×	12.51×	19.36×	30.8×
P/B	0.68×	0.99×	1.47×	1.55×	2.48×	1.96×	2.6×	1.93×
P/S	2.39×	4.01×	0.62×	5.59×	3.29×	2.59×	169.45×	96.36×
EV / EBITDA	19.67×	11.41×	5.71×	16.31×	12.72×	9.99×	13.72×	20.73×
Gross margin	-22.0%	271.7%	38.0%	411.8%	40.9%	31.5%	1850.2%	652.4%
Operating margin	-71.9%	59.3%	12.9%	56.3%	31.0%	18.4%	1481.0%	500.2%
Net margin	1.3%	21.9%	9.6%	30.9%	22.4%	20.9%	873.7%	313.2%
Current ratio	2.78×	6.52×	5.16×	5.55×	5.98×	3.51×	5.39×	10.14×
Debt / equity	1.47×	1.05×	0.8×	1.61×	1.23×	1.07×	1.13×	0.66×
Interest coverage	-2.56×	2.1×	3.07×	4.12×	7.22×	3.9×	7.89×	9.47×
Dividend yield	0.0%	9.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	171.7%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.4%	5.4%	22.9%	8.6%	16.8%	15.9%	13.4%	6.3%
Return on invested capital	-0.7%	3.1%	12.9%	3.0%	5.2%	3.9%	5.7%	3.3%
Return on assets	0.1%	1.9%	8.7%	2.1%	4.7%	4.6%	4.1%	2.7%
Free cash flow yield	-50.1%	-24.2%	60.2%	-35.8%	-26.1%	1.7%	-17.6%	-43.6%
Earnings yield	0.5%	5.5%	15.6%	5.5%	6.8%	8.1%	5.2%	3.2%
Enterprise value	€226.9M	€204.5M	€211.7M	€258.9M	€254.3M	€139.8M	€155.8M	€87.6M
Net debt / EBITDA	13.34×	5.49×	1.51×	7.32×	3.76×	1.87×	2.83×	2.1×
Cash conversion cycle (days)	2,413	140	50	134	121	1,527	-1,730	-4,463