Banca Profilo S.p.A. (PRO.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

-665.8%

-€9.34

vs €1.65 price

Levered DCF

-€9.35

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.01

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	FY2021	FY2020	FY2019	FY2018
P/E	11.22×	13.5×	11.03×	11.65×	11.96×	16.06×	17.92×	88.95×
P/B	0.67×	0.8×	0.81×	0.81×	0.85×	0.79×	0.91×	0.74×
P/S	1.76×	0.89×	1.12×	1.72×	1.95×	2.2×	2.3×	1.83×
EV / EBITDA	200.4×	-0.8×	0.97×	3.23×	7.11×	3.51×	-3.13×	-68.64×
Gross margin	94.9%	54.1%	66.5%	96.7%	97.0%	97.4%	95.3%	93.5%
Operating margin	9.2%	9.2%	13.6%	20.9%	18.9%	21.4%	17.5%	2.6%
Net margin	15.7%	6.5%	10.2%	14.7%	16.3%	13.7%	12.8%	2.7%
Current ratio	3.87×	0.11×	0.1×	0.09×	0.05×	0.11×	50.49×	0.26×
Debt / equity	7×	0×	0×	0×	0.03×	0.03×	0.03×	0×
Interest coverage	125.47×	0.2×	0.41×	6.29×	6.29×	8.21×	3.74×	0.4×
Dividend yield	7.5%	8.0%	6.9%	7.6%	17.9%	0.0%	0.5%	2.6%
Payout ratio	84.5%	110.2%	76.1%	88.4%	214.4%	0.0%	8.6%	179.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.0%	5.8%	7.3%	6.9%	7.1%	4.9%	5.1%	1.1%
Return on invested capital	0.3%	0.8%	1.2%	1.1%	0.9%	0.9%	0.5%	0.1%
Return on assets	0.5%	0.4%	0.6%	0.6%	0.7%	0.5%	0.4%	0.1%
Free cash flow yield	-21.8%	24.2%	40.8%	37.7%	-20.1%	17.6%	1.9%	135.1%
Earnings yield	8.9%	7.2%	9.1%	8.6%	8.4%	6.2%	5.6%	1.4%
Enterprise value	€1.2B	-€10.6M	€17.2M	€58.5M	€112.8M	€55.8M	-€43.4M	-€193.1M
Net debt / EBITDA	181.37×	-10.45×	-6.58×	-3.93×	-1.72×	-5.29×	-13.92×	-108.75×
Cash conversion cycle (days)	-597	-12	-22	-590	-699	-863	-70,431	-237