Soges Group S.p.A. (SOGES.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

-2251.3%

-€34.42

vs €1.60 price

Levered DCF

€8.40

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.82

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	-6.07×	-38.88×	26.67×	38.35×
P/B	2.53×	2.5×	7.57×	9.27×
P/S	0.39×	0.78×	0.7×	1.02×
EV / EBITDA	24.35×	25.2×	12.09×	16.84×
Gross margin	11.8%	89.1%	50.9%	44.5%
Operating margin	-5.9%	2.4%	3.6%	2.9%
Net margin	-6.5%	-2.0%	2.6%	2.7%
Current ratio	0.27×	1.27×	1.19×	0.98×
Debt / equity	3.6×	3.36×	4.56×	4.12×
Interest coverage	-1.71×	0.99×	1.85×	2.53×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	-42.0%	-6.4%	28.4%	24.2%
Return on invested capital	-7.2%	1.7%	6.2%	4.7%
Return on assets	-5.9%	-1.2%	3.4%	3.0%
Free cash flow yield	11.8%	9.5%	3.3%	-3.2%
Earnings yield	-16.6%	-2.6%	3.7%	2.6%
Enterprise value	€23.6M	€27.4M	€15.6M	€15M
Net debt / EBITDA	13.71×	13.25×	3.44×	4.2×
Cash conversion cycle (days)	-13	-224	-22	-45