Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
ERG.MIthis companyERG S.p.A.	€23.08	48.84×	1.61×	4.3×	11.37×	-18.6%	53.2%	27.2%	8.7%	3.3%	2.7%	6.5%	1.33×	4.64×	2.18×	1.69×	4.5%	8	0.92	2	C+
A2A.MIA2A S.p.A.	€2.45	9.63×	1.22×	0.53×	6.7×	-83.1%	11.4%	6.7%	5.5%	12.7%	4.4%	13.0%	1.23×	2.86×	4.12×	1.05×	4.6%	6	1.29	4	A-
ACE.MIACEA S.p.A.	€21.62	9.78×	1.69×	1.74×	8.63×	-309.7%	19.7%	16.1%	17.8%	17.3%	2.9%	2.5%	2.04×	4.46×	2.63×	0.69×	3.4%	5	0.6	4	A-
ARN.MIAlerion Clean Power S.p.A.	€18.08	10.6×	2.32×	4.34×	9.78×	-71.2%	47.8%	51.7%	41.0%	21.9%	6.9%	-10.4%	2.41×	3.99×	3.34×	2.8×	3.3%	3	1.14	3	B
ENEL.MIEnel S.p.A.	€9.84	22.77×	3×	1.23×	6.13×	-112.6%	17.7%	13.8%	5.4%	13.2%	5.0%	5.6%	2.14×	2.44×	1.3×	0.72×	6.0%	5	1.14	2	B-
HER.MIHera S.p.A.	€3.80	12.56×	1.44×	0.45×	8.09×	-92.2%	32.6%	5.0%	3.6%	11.4%	4.5%	3.3%	1.23×	3.36×	2.8×	1.1×	4.7%	4	1.45	3	B+
Peer median	—	10.6×	1.69×	1.23×	8.09×	-92.2%	19.7%	13.8%	5.5%	13.2%	4.5%	3.3%	2.04×	3.36×	2.8×	1.05×	4.6%	5	1.14	3	—