Prysmian S.p.A. (PRY.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

-89.0%

€11.82

vs €107.40 price

Levered DCF

€59.28

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.63

Grey 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	20×	23.81×	21.22×	18.15×	28.3×	42.76×	19.36×	32.92×
P/B	3.82×	3.41×	2.97×	2.55×	2.99×	3.39×	2.34×	1.89×
P/S	1.26×	1.02×	0.73×	0.57×	0.68×	0.76×	0.49×	0.42×
EV / EBITDA	10.87×	13.08×	10.19×	9.31×	12.12×	14.85×	9.35×	17.75×
Gross margin	38.2%	36.9%	37.1%	33.9%	32.0%	36.1%	37.3%	34.3%
Operating margin	7.5%	7.1%	5.6%	5.3%	4.5%	3.5%	4.9%	3.1%
Net margin	6.5%	4.3%	3.4%	3.1%	2.4%	1.8%	2.5%	1.3%
Current ratio	1.23×	1.15×	1.18×	1.21×	1.14×	1.26×	1.23×	1.3×
Debt / equity	0.8×	1.06×	0.82×	0.86×	1.28×	1.4×	1.34×	1.44×
Interest coverage	1.51×	4.64×	5.62×	7.65×	5.55×	3.84×	5.81×	3.37×
Dividend yield	1.0%	1.2%	1.4%	1.6%	1.5%	0.9%	2.0%	2.5%
Payout ratio	18.8%	27.7%	29.9%	29.4%	42.9%	37.1%	38.7%	80.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.6%	14.3%	14.0%	14.1%	10.6%	7.9%	12.1%	5.8%
Return on invested capital	8.8%	7.8%	7.9%	7.8%	4.9%	3.8%	5.7%	3.1%
Return on assets	6.3%	4.0%	4.0%	4.0%	2.6%	1.8%	2.8%	1.3%
Free cash flow yield	4.8%	6.6%	7.1%	6.4%	5.7%	5.8%	9.0%	4.1%
Earnings yield	5.1%	4.2%	4.7%	5.5%	3.5%	2.3%	5.2%	3.0%
Enterprise value	€27.9B	€21.7B	€12.6B	€10.9B	€10.7B	€9.7B	€7.8B	€6.5B
Net debt / EBITDA	1.24×	2.62×	1.1×	1.52×	2.29×	3.09×	2.6×	6.14×
Cash conversion cycle (days)	79	89	69	67	52	53	46	-14