Cofle S.p.A. (CFL.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

+138.6%

€4.24

vs €1.78 price

Levered DCF

-€2.60

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.72

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
P/E	-2.29×	-5×	140.17×	35.68×	10.61×	27.78×	37.23×
P/B	1.35×	1.1×	1.89×	2.92×	3.55×	10.58×	16.43×
P/S	0.41×	0.44×	0.81×	1.43×	1.63×	2.53×	2.47×
EV / EBITDA	-24.52×	6.29×	4.35×	6.13×	5.72×	15.44×	17.51×
Gross margin	0.4%	3.3%	43.5%	45.2%	48.5%	47.8%	48.3%
Operating margin	-10.9%	-0.6%	10.8%	14.9%	19.3%	12.6%	12.4%
Net margin	-17.8%	-8.7%	0.6%	4.0%	15.3%	9.2%	6.7%
Current ratio	1.42×	1.52×	1.83×	2.5×	3.2×	2.24×	1.74×
Debt / equity	1.67×	0.92×	0.87×	0.71×	0.45×	1.32×	1.71×
Interest coverage	-1.63×	-0.05×	0.82×	1.62×	18.06×	11.01×	5.16×
Dividend yield	0.0%	4.9%	3.5%	3.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	-24.7%	488.0%	105.7%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-58.9%	-21.9%	1.3%	8.2%	33.4%	38.4%	44.5%
Return on invested capital	-11.6%	-0.7%	7.1%	10.7%	21.7%	15.1%	19.3%
Return on assets	-15.4%	-8.6%	0.5%	3.7%	16.4%	10.2%	9.4%
Free cash flow yield	27.9%	-21.7%	-7.9%	-2.4%	2.7%	0.7%	2.4%
Earnings yield	-43.8%	-20.0%	0.7%	2.8%	9.4%	3.6%	2.7%
Enterprise value	€31.6M	€40.5M	€55.5M	€80.8M	€83.4M	€103.2M	€103.2M
Net debt / EBITDA	-9.24×	2.18×	0.4×	-0.04×	-0.3×	1.29×	1.47×
Cash conversion cycle (days)	135	212	149	172	132	181	176