NewPrinces S.p.A. (NWL.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

+5485.4%

€1,251.13

vs €22.40 price

Levered DCF

€1,818.45

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.66

Distress zone

Rating

B+

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	2.22×	3.41×	22.94×	27.13×	55.42×	6.12×	33.56×	26.36×
P/B	1.04×	1.61×	2.07×	1.37×	2.11×	1.6×	2.69×	2.46×
P/S	0.28×	0.33×	0.41×	0.23×	0.49×	0.49×	0.91×	0.51×
EV / EBITDA	2.08×	5.13×	5.48×	5.52×	7.36×	5.82×	10.41×	5.9×
Gross margin	18.8%	16.5%	17.3%	18.0%	20.8%	21.2%	17.1%	16.3%
Operating margin	14.6%	12.2%	3.9%	2.7%	3.1%	10.4%	2.9%	3.2%
Net margin	12.7%	9.8%	1.8%	0.8%	0.9%	8.0%	2.6%	1.9%
Current ratio	1.41×	1.49×	1.82×	1.73×	1.58×	1.26×	1.41×	1.13×
Debt / equity	2.13×	3.82×	2.52×	3.35×	3.49×	1.24×	0.57×	0.76×
Interest coverage	8.9×	6.4×	2.15×	2.46×	0×	14.34×	4.69×	0×
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	46.7%	48.2%	9.0%	5.0%	3.9%	26.3%	7.8%	9.4%
Return on invested capital	14.0%	11.0%	4.0%	2.3%	1.8%	11.5%	3.7%	4.9%
Return on assets	8.3%	6.8%	1.8%	0.8%	0.6%	7.0%	2.7%	2.5%
Free cash flow yield	47.7%	47.0%	11.4%	1.4%	17.6%	24.0%	10.3%	11.3%
Earnings yield	45.0%	29.9%	4.4%	3.6%	1.9%	16.4%	2.9%	3.8%
Enterprise value	€1.2B	€1.4B	€416.1M	€300.1M	€343.3M	€223.7M	€197.7M	€143M
Net debt / EBITDA	0.65×	3.09×	1.15×	2.38×	1.47×	-0.13×	-2.56×	-0.56×
Cash conversion cycle (days)	-35	104	-5	-10	-51	-53	-31	-31