Growens S.p.A. (GROW.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

-187.2%

-€1.51

vs €1.73 price

Levered DCF

-€9.34

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.67

Distress zone

Rating

Overall 3 / 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	-18.4×	-27.26×	1.16×	-64.9×	192.34×	115.26×	61.19×	25.98×
P/B	1.35×	1.91×	1.18×	3.77×	4.24×	3.77×	4.15×	2.05×
P/S	0.55×	0.88×	0.9×	0.84×	1.04×	1×	1.16×	0.81×
EV / EBITDA	17.58×	-374.62×	-56.44×	11.99×	13.93×	12.68×	14.15×	6.97×
Gross margin	20.9%	23.7%	19.7%	16.2%	33.3%	32.6%	27.5%	33.3%
Operating margin	-2.3%	-5.4%	-6.4%	-1.2%	1.6%	2.1%	3.2%	4.7%
Net margin	-2.9%	-3.3%	77.6%	-3.3%	0.5%	0.9%	1.9%	3.1%
Current ratio	1.68×	1.64×	2.84×	0.78×	0.96×	0.99×	0.95×	0.93×
Debt / equity	0.14×	0.15×	0.08×	0.49×	0.46×	0.47×	0.42×	0.11×
Interest coverage	0×	-15.81×	-0.42×	-3.15×	10.72×	16.03×	25.92×	44.03×
Dividend yield	2.2%	30.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-41.1%	-824.6%	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	-7.2%	-7.1%	102.2%	-14.7%	2.2%	3.3%	6.8%	7.9%
Return on invested capital	-4.7%	-9.0%	-7.6%	-1.9%	1.3%	2.1%	4.2%	8.9%
Return on assets	-4.0%	-4.1%	70.8%	-4.1%	0.7%	1.0%	2.1%	2.9%
Free cash flow yield	-10.4%	-13.5%	-8.4%	-3.7%	6.5%	1.8%	2.1%	-2.5%
Earnings yield	-5.3%	-3.7%	86.3%	-3.9%	0.5%	0.9%	1.6%	3.8%
Enterprise value	€44.7M	€65.8M	€31.5M	€65.8M	€69.1M	€63.3M	€68.5M	€26.7M
Net debt / EBITDA	0.86×	-0.69×	64.33×	0.22×	-1.07×	-0.35×	-0.38×	-1.54×
Cash conversion cycle (days)	-11	-14	-34	-3	-41	-18	-20	-13