EdiliziAcrobatica S.p.A. (EDAC.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

+2624.8%

€40.46

vs €1.49 price

Levered DCF

€17.79

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.01

Distress zone

Rating

D+

Overall 1 / 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	-2.17×	-23.5×	18.53×	8.76×	12.81×	24×	50×	11.03×
P/B	4.71×	2.44×	3.91×	3.82×	6.48×	3.3×	4.83×	2.48×
P/S	0.22×	0.41×	0.73×	0.96×	1.65×	0.95×	1.41×	0.98×
EV / EBITDA	-24.26×	10.97×	6.67×	5.06×	7.14×	13.49×	15.57×	5.66×
Gross margin	6.9%	2.1%	57.2%	64.4%	39.1%	26.5%	15.2%	15.1%
Operating margin	6.9%	1.0%	9.0%	21.2%	20.9%	7.0%	4.8%	15.7%
Net margin	-10.1%	-1.7%	4.0%	10.9%	12.7%	3.9%	2.8%	8.9%
Current ratio	1.29×	1.29×	1.35×	1.56×	1.64×	2.2×	1.88×	2.38×
Debt / equity	0×	2.4×	1.83×	1.3×	1.2×	1.96×	1.09×	1.04×
Interest coverage	0×	0.53×	7.46×	28.85×	10.16×	7.19×	4.84×	12.5×
Dividend yield	0.0%	1.9%	9.2%	1.9%	1.2%	1.8%	0.0%	0.0%
Payout ratio	0.0%	-45.2%	170.1%	16.7%	15.7%	43.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-216.5%	-10.4%	21.1%	43.3%	50.2%	13.7%	9.5%	22.3%
Return on invested capital	18.7%	1.6%	8.4%	27.9%	22.9%	4.8%	3.7%	14.4%
Return on assets	-12.0%	-1.8%	4.0%	11.8%	10.5%	3.3%	3.0%	7.5%
Free cash flow yield	0.0%	35.0%	-18.4%	9.4%	9.2%	-11.2%	-9.4%	-5.4%
Earnings yield	-46.0%	-4.3%	5.4%	11.3%	7.7%	4.1%	2.0%	9.0%
Enterprise value	€27.4M	€101.3M	€159.1M	€146.5M	€151.3M	€59.3M	€62.2M	€26.6M
Net debt / EBITDA	8.5×	4.11×	1.79×	0.59×	0.39×	3.85×	1.69×	0.41×
Cash conversion cycle (days)	48	115	-24	157	250	119	145	162