Alfonsino (ALFO.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

-84.3%

€0.03

vs €0.20 price

Levered DCF

-€1.03

After debt service

Piotroski score

—

Altman Z-score

—

Rating

—

Ratios by fiscal year

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

Metric	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-5.73×	-3×	-59.78×	140×	2,450×
P/B	11.4×	2.73×	6.65×	30.83×	633.62×
P/S	2.01×	1.31×	5.91×	6.19×	15.27×
EV / EBITDA	-10×	-2.98×	-249.28×	75.67×	492.54×
Gross margin	-21.0%	-16.5%	-1.5%	8.5%	3.8%
Operating margin	-39.9%	-53.8%	-11.9%	7.7%	2.3%
Net margin	-33.7%	-42.6%	-9.9%	4.4%	0.6%
Current ratio	1.12×	1.5×	2.37×	1.37×	0.93×
Debt / equity	2.02×	0.86×	0.11×	0.05×	0.38×
Interest coverage	-23.86×	-72.86×	-30.03×	114.5×	14×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-190.6%	-88.8%	-11.1%	21.9%	24.1%
Return on invested capital	-48.4%	-44.4%	-9.4%	15.6%	17.0%
Return on assets	-27.0%	-28.9%	-7.5%	6.6%	1.7%
Free cash flow yield	-16.0%	-37.7%	-6.8%	2.7%	0.0%
Earnings yield	-16.7%	-32.5%	-1.7%	0.7%	0.0%
Enterprise value	€9.9M	€5.6M	€24.7M	€17.3M	€18.2M
Net debt / EBITDA	-1.28×	0.22×	28.09×	-4.57×	-4.08×
Cash conversion cycle (days)	-20	-10	-5	-10	-5