PLC S.p.A. (PLC.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

-51.2%

€1.50

vs €3.08 price

Levered DCF

€4.48

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.54

Safe zone

Rating

A+

Overall 5 / 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	6.68×	19.89×	63.27×	-0×	-0×	-496×	-14.7×	9.33×
P/B	1.99×	3.9×	3.83×	3.07×	1.9×	1.3×	1.41×	1.92×
P/S	0.68×	0.54×	0.72×	0.7×	0.87×	0.52×	0.77×	0.94×
EV / EBITDA	2.28×	2.9×	12.78×	-3.44×	4.58×	25.16×	74.6×	6.07×
Gross margin	15.3%	39.0%	29.2%	17.7%	32.6%	34.8%	41.3%	37.4%
Operating margin	14.8%	8.8%	3.1%	-125.8%	-87.0%	-1.8%	-2.4%	13.6%
Net margin	10.2%	13.3%	1.1%	-132.5%	-83.2%	-0.1%	-5.2%	10.0%
Current ratio	38.37×	0×	1.03×	1.13×	1.48×	1.38×	1.22×	1.33×
Debt / equity	0.12×	0×	0.72×	0.23×	0.13×	0.69×	0.69×	0.21×
Interest coverage	63.64×	22.72×	3.87×	-224.09×	-125.53×	-0.95×	-1.2×	12.73×
Dividend yield	3.7%	4.0%	0.0%	0.0%	0.0%	0.0%	2.7%	4.3%
Payout ratio	25.2%	16.0%	0.0%	0.0%	0.0%	0.0%	-40.2%	40.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	29.6%	96.2%	6.1%	-582.9%	-182.6%	-0.3%	-9.6%	20.5%
Return on invested capital	9.4%	6.3%	8.4%	-241.8%	-120.2%	-0.5%	-2.6%	13.2%
Return on assets	9.6%	14.4%	0.9%	-122.1%	-65.9%	-0.1%	-3.6%	7.4%
Free cash flow yield	23.0%	14.9%	1.8%	-1.5%	-6.3%	-2.9%	-19.1%	6.7%
Earnings yield	14.9%	24.7%	1.6%	-189.8%	-96.0%	-0.2%	-6.8%	10.6%
Enterprise value	€33.4M	€28.2M	€47.4M	€36.2M	€47M	€39.1M	€45.7M	€46M
Net debt / EBITDA	-1.74×	-1.82×	-0.24×	0.51×	-0.68×	4.42×	17.58×	-0.1×
Cash conversion cycle (days)	113	-25	16	32	38	27	46	64