Finanza.tech S.p.A. (FTC.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

-727.4%

-€1.67

vs €0.27 price

Levered DCF

-€2.41

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.33

Distress zone

Rating

C+

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	-1.8×	64.37×	16.63×	98.7×	53.05×	92.31×	86.54×
P/B	0.6×	1.3×	1.32×	1.39×	3.88×	8.7×	50.76×
P/S	0.98×	1.23×	0.96×	2.39×	7.77×	14.73×	20.45×
EV / EBITDA	-7.73×	7.64×	5.8×	48.43×	18.55×	45.78×	50.78×
Gross margin	41.0%	88.5%	86.5%	80.8%	80.5%	96.3%	77.7%
Operating margin	-36.7%	23.9%	12.8%	7.5%	21.2%	22.3%	34.9%
Net margin	-55.0%	1.9%	5.8%	2.4%	14.6%	16.0%	23.7%
Current ratio	9.4×	1.92×	1.54×	2.32×	1.98×	1.09×	1.96×
Debt / equity	0.37×	0.35×	0.16×	0.11×	0.07×	0.07×	0.31×
Interest coverage	-17.12×	18×	34.03×	7.59×	15.75×	54.67×	79.4×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-33.9%	2.0%	7.9%	1.4%	7.3%	9.4%	58.7%
Return on invested capital	-9.8%	6.3%	9.0%	2.5%	9.8%	8.9%	37.9%
Return on assets	-14.8%	1.1%	4.0%	1.0%	4.7%	5.5%	24.8%
Free cash flow yield	35.8%	-12.1%	-8.6%	-31.7%	-8.5%	-0.0%	0.0%
Earnings yield	-56.3%	1.5%	6.0%	1.0%	1.9%	1.1%	1.2%
Enterprise value	€5.7M	€12.9M	€11.4M	€9.7M	€22.6M	€23.3M	€23.3M
Net debt / EBITDA	-2.93×	1.59×	0.53×	-2.08×	-2.62×	0.12×	0.02×
Cash conversion cycle (days)	514	-168	-698	-345	-332	-3,627	62