Matica Fintec S.p.A. (MFT.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

-677.5%

-€12.13

vs €2.10 price

Levered DCF

-€11.42

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.39

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	79.01×	6.36×	8.15×	10.71×	21.92×	293.75×	63.14×	-90.5×
P/B	1.16×	1×	1.23×	2.18×	3.15×	1.94×	2.6×	8.45×
P/S	1.62×	0.78×	0.76×	1.33×	1.85×	1.19×	1.3×	1.57×
EV / EBITDA	35.07×	4.29×	3.64×	5.33×	7.77×	7.64×	5.79×	8.7×
Gross margin	5.1%	38.9%	65.0%	67.3%	22.9%	17.3%	23.3%	54.8%
Operating margin	1.9%	16.6%	15.0%	19.0%	14.3%	4.3%	6.7%	-6.9%
Net margin	2.0%	12.5%	9.3%	12.2%	8.3%	0.4%	2.1%	-1.7%
Current ratio	1.57×	2.43×	2.53×	2.58×	4.57×	2.78×	1.73×	0.83×
Debt / equity	0.78×	0.42×	0.69×	0.92×	1.36×	1.04×	0.66×	1.83×
Interest coverage	0.73×	6.51×	5.37×	8×	6.8×	1.88×	5.79×	-3.64×
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	1.5%	15.9%	15.1%	20.0%	14.2%	0.7%	4.1%	-9.3%
Return on invested capital	0.7%	12.3%	10.5%	11.7%	6.6%	0.8%	3.1%	-11.0%
Return on assets	0.7%	9.6%	7.3%	8.1%	4.9%	0.2%	1.7%	-1.7%
Free cash flow yield	-102.7%	3.3%	12.2%	0.0%	13.0%	-7.0%	-2.7%	14.0%
Earnings yield	1.3%	15.9%	12.3%	9.2%	4.5%	0.3%	1.6%	-1.1%
Enterprise value	€107.4M	€20.3M	€16.6M	€26.2M	€25.7M	€15.4M	€18.8M	€24.9M
Net debt / EBITDA	13.38×	0.62×	-0.28×	-0.23×	-0.43×	0.29×	-0.19×	1.31×
Cash conversion cycle (days)	281	218	176	154	106	157	81	25