Stevanato Group S.p.A. (STVN) 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

-132.2%

-$6.37

vs $19.80 price

Levered DCF

$3.20

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.08

Safe 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	34.95×	48.94×	44.89×	31.66×	37.25×	57.48×	116.93×	0×
P/B	3.15×	4.09×	5.78×	4.46×	6.21×	13.72×	17.49×	0×
P/S	4.1×	5.2×	6.03×	4.52×	6.19×	6.43×	8.65×	0×
EV / EBITDA	17.17×	24.51×	25.22×	17.28×	22.29×	28.82×	46.3×	0×
Gross margin	29.0%	27.4%	31.3%	32.5%	31.4%	29.3%	25.7%	0.0%
Operating margin	16.1%	14.6%	18.5%	19.6%	19.2%	15.6%	11.6%	0.0%
Net margin	11.8%	10.7%	13.4%	14.5%	15.9%	11.9%	7.3%	0.0%
Current ratio	1.74×	1.84×	1.5×	1.83×	2.56×	1.56×	1.71×	1.62×
Debt / equity	0.32×	0.31×	0.35×	0.22×	0.29×	1.17×	1.42×	1.37×
Interest coverage	8.4×	23.48×	46.52×	48.89×	33.3×	15.18×	11.74×	0×
Dividend yield	0.3%	0.3%	0.2%	0.3%	0.2%	0.2%	0.1%	0.0%
Payout ratio	10.5%	12.3%	9.8%	9.5%	8.3%	11.3%	15.7%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.0%	8.4%	12.9%	14.3%	16.0%	25.3%	14.8%	0.0%
Return on invested capital	6.4%	6.0%	9.4%	11.6%	11.7%	11.7%	6.4%	0.0%
Return on assets	5.3%	5.1%	7.0%	8.6%	9.5%	8.1%	4.4%	0.0%
Free cash flow yield	0.5%	-2.7%	-5.1%	-3.1%	0.4%	1.4%	-0.7%	0.0%
Earnings yield	2.9%	2.1%	2.2%	3.2%	2.6%	1.8%	0.8%	0.0%
Enterprise value	$5B	$6.1B	$6.9B	$4.4B	$5.1B	$4.5B	$4.9B	$242.6M
Net debt / EBITDA	1.16×	1.33×	1.2×	-0.04×	-0.73×	1.58×	2.72×	0×
Cash conversion cycle (days)	176	182	165	123	110	108	143	0