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)
INW.MIthis companyInfrastrutture Wireless Italiane S.p.A.	€7.25	20.23×	2.09×	6.72×	12.7×	292.6%	98.5%	54.6%	33.6%	10.4%	5.2%	7.1%	1.53×	5.25×	4.24×	0.59×	9.3%	6	0.91	3	B
CVG.MIConvergenze S.p.A. Società Benefit	€1.61	26.41×	1.89×	0.51×	5.29×	-409.1%	40.1%	4.7%	1.9%	7.2%	3.9%	1.2%	0.77×	1.42×	2.38×	1.02×	1.1%	6	1.88	2	B-
RWAY.MIRai Way S.p.A.	€4.17	16.94×	7.92×	5.38×	9×	54.1%	56.7%	45.1%	31.3%	46.1%	25.1%	7.0%	0.76×	0.74×	22.36×	0.38×	5.9%	6	3.68	3	B+
TSL.MITessellis S.p.A.	€0.07	-0.93×	-3.78×	0.25×	9.73×	-2457.5%	28.4%	-22.1%	-26.7%	404.7%	-35.4%	2.6%	-7.32×	6.28×	-4.72×	0.19×	0.0%	4	-0.55	—	—
UD.MIUnidata S.p.A.	€2.93	12.57×	1×	0.79×	4.64×	203.5%	24.1%	13.6%	6.4%	8.1%	5.5%	11.3%	0.73×	1.41×	3.8×	1.25×	0.3%	6	1.61	3	B
Peer median	—	14.75×	1.45×	0.65×	7.15×	-177.5%	34.3%	9.1%	4.1%	27.1%	4.7%	4.8%	0.74×	1.41×	3.09×	0.7×	0.7%	6	1.75	3	—