Misitano & Stracuzzi S.p.A. (MS.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

-1292.1%

-€8.08

vs €0.68 price

Levered DCF

-€10.07

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.51

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022
P/E	-259.26×	11.93×	12.63×	43.79×
P/B	1.98×	3.03×	6.52×	10.73×
P/S	0.73×	1.48×	1.54×	2.18×
EV / EBITDA	31.62×	8.19×	8.61×	24.37×
Gross margin	3.2%	40.8%	29.6%	20.4%
Operating margin	1.6%	19.5%	21.8%	7.9%
Net margin	-0.3%	12.2%	12.0%	5.0%
Current ratio	1.1×	1.59×	1.21×	1.21×
Debt / equity	1.82×	1.26×	1.69×	2.64×
Interest coverage	0.55×	7.75×	13.54×	13.9×
Dividend yield	5.4%	4.7%	2.1%	0.4%
Payout ratio	-1398.4%	57.2%	26.8%	17.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	-0.8%	25.1%	50.7%	24.5%
Return on invested capital	-25.8%	12.8%	23.2%	7.1%
Return on assets	-0.2%	9.2%	14.4%	5.2%
Free cash flow yield	-27.7%	-14.3%	9.9%	2.0%
Earnings yield	-0.4%	8.3%	7.8%	2.3%
Enterprise value	€105M	€128.1M	€106.2M	€107.4M
Net debt / EBITDA	12.61×	1.31×	1.22×	3.71×
Cash conversion cycle (days)	171	263	147	166