DigiTouch S.p.A. (DGT.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

+274.1%

€6.86

vs €1.84 price

Levered DCF

€6.56

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.64

Distress zone

Rating

A-

Overall 4 / 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	15.08×	15.33×	14.27×	13.11×	12.53×	-40.8×	23.61×	70.56×
P/B	1.33×	1.3×	1.58×	1.9×	1.72×	1.27×	1.32×	1.37×
P/S	0.69×	0.63×	0.68×	0.76×	0.66×	0.51×	0.49×	0.62×
EV / EBITDA	7.29×	4.47×	5.72×	5.63×	5.93×	4.68×	4.76×	6.22×
Gross margin	16.7%	65.7%	18.1%	48.0%	45.9%	49.7%	36.3%	31.2%
Operating margin	11.1%	10.5%	8.6%	9.9%	8.1%	3.7%	4.9%	3.6%
Net margin	4.7%	4.2%	4.5%	5.9%	5.2%	-1.3%	2.1%	0.9%
Current ratio	1.24×	1.17×	1.24×	1.4×	1.28×	1.49×	1.25×	1.34×
Debt / equity	0.59×	0.65×	0.78×	0.81×	0.87×	0.88×	0.81×	0.54×
Interest coverage	3.95×	3.81×	4.81×	10.17×	15.85×	4.02×	4.07×	3.26×
Dividend yield	1.5%	1.4%	1.2%	0.9%	0.5%	0.0%	1.5%	2.9%
Payout ratio	22.3%	20.9%	17.2%	11.1%	6.9%	0.0%	36.3%	207.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.1%	8.6%	10.6%	14.6%	13.5%	-3.1%	5.6%	1.9%
Return on invested capital	6.4%	6.2%	6.4%	8.1%	8.5%	0.4%	3.9%	1.9%
Return on assets	3.1%	3.0%	3.6%	5.0%	4.8%	-1.0%	1.9%	0.8%
Free cash flow yield	5.1%	14.7%	5.6%	3.6%	13.9%	-0.5%	3.3%	2.1%
Earnings yield	6.8%	6.6%	6.7%	7.7%	7.9%	-2.5%	4.2%	1.4%
Enterprise value	€35.4M	€31.9M	€38.9M	€37.8M	€31.5M	€20.2M	€22.1M	€22.3M
Net debt / EBITDA	1.68×	0.96×	1.35×	0.84×	1.09×	0.85×	0.86×	0.94×
Cash conversion cycle (days)	206	76	110	26	17	18	38	38