Gabetti Property Solutions S.p.A. (GAB.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

-126.5%

-€0.10

vs €0.37 price

Levered DCF

€0.14

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.69

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	FY2018
P/E	397.5×	31.46×	45.14×	5.52×	14.07×	-37.83×	144.5×	-12.5×
P/B	1.05×	0.91×	1.31×	1.85×	5.3×	2.6×	1.33×	1.36×
P/S	0.36×	0.24×	0.25×	0.42×	0.72×	0.58×	0.33×	0.36×
EV / EBITDA	8.74×	20.38×	7.29×	4.84×	8.94×	17.31×	9.48×	-103.16×
Gross margin	4.8%	99.9%	22.6%	99.9%	99.9%	99.8%	99.8%	99.8%
Operating margin	7.0%	2.1%	6.1%	9.1%	7.7%	0.6%	3.0%	-1.9%
Net margin	0.1%	0.8%	0.6%	7.7%	5.0%	-1.5%	0.2%	-2.9%
Current ratio	3.17×	1.44×	1.23×	1.2×	1.15×	1.08×	1.05×	1.89×
Debt / equity	1.34×	1.31×	2.35×	0.81×	0.73×	1.21×	1.62×	1.46×
Interest coverage	2.25×	2.04×	12.34×	26.63×	474.48×	0×	14.15×	-6.57×
Dividend yield	0.0%	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%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.3%	2.9%	2.9%	34.0%	37.1%	-6.9%	0.9%	-10.9%
Return on invested capital	-3.9%	3.2%	5.1%	19.2%	26.6%	0.9%	1.0%	-2.5%
Return on assets	0.1%	0.5%	0.3%	4.9%	4.9%	-1.4%	0.2%	-2.5%
Free cash flow yield	3.0%	119.3%	-89.0%	-3.6%	2.9%	9.0%	14.0%	0.8%
Earnings yield	0.3%	3.2%	2.2%	18.4%	7.0%	-2.6%	0.7%	-8.0%
Enterprise value	€70.3M	€58.3M	€108.9M	€76.8M	€128.7M	€46.9M	€31.2M	€27.4M
Net debt / EBITDA	3.84×	8.57×	4.14×	0.86×	0.68×	3.61×	4.26×	-40.96×
Cash conversion cycle (days)	173	-65,056	422	-472,386	-370,005	-92,637	-38,266	-144,417