Triboo S.p.A. (TB.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

-352.2%

-€0.84

vs €0.33 price

Levered DCF

-€1.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.58

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	-4.58×	-1.47×	-4.81×	46.49×	24.22×	50.96×	217.86×	25.37×
P/B	0.64×	0.89×	0.72×	0.87×	1.24×	0.9×	1.31×	1.25×
P/S	0.2×	0.26×	0.28×	0.33×	0.46×	0.37×	0.58×	0.67×
EV / EBITDA	6.12×	-15.34×	8.53×	4.13×	4.6×	4.08×	6.2×	5.6×
Gross margin	64.0%	95.4%	14.1%	16.2%	34.1%	17.2%	39.8%	47.4%
Operating margin	3.9%	-15.5%	-3.3%	2.8%	1.9%	2.9%	1.0%	4.9%
Net margin	-4.7%	-18.1%	-5.8%	0.7%	1.9%	0.7%	0.3%	2.7%
Current ratio	0.79×	0.78×	0.85×	0.97×	0.98×	0.93×	0.74×	0.85×
Debt / equity	1.5×	1.66×	0.99×	0.84×	0.95×	0.72×	0.54×	0.45×
Interest coverage	1.34×	-4.29×	-1.58×	3.87×	1.25×	2.92×	0.81×	7.46×
Dividend yield	1.7%	2.4%	0.0%	1.8%	0.0%	0.0%	4.6%	2.2%
Payout ratio	-7.4%	-3.6%	0.0%	84.0%	0.0%	0.0%	990.1%	56.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-14.7%	-61.2%	-14.6%	1.9%	5.1%	1.8%	0.6%	4.9%
Return on invested capital	3.7%	-17.4%	-3.2%	2.3%	2.5%	1.8%	0.7%	4.7%
Return on assets	-2.9%	-11.8%	-4.2%	0.5%	1.4%	0.5%	0.2%	1.6%
Free cash flow yield	-20.5%	1.0%	-20.2%	-30.5%	21.5%	16.9%	-0.1%	1.7%
Earnings yield	-23.0%	-68.6%	-20.3%	2.2%	4.1%	2.0%	0.5%	3.9%
Enterprise value	€28.6M	€41.8M	€45.4M	€48.9M	€53.1M	€41.2M	€53.3M	€52M
Net debt / EBITDA	3.94×	-9.31×	4.5×	1.63×	0.79×	1.1×	1.11×	0.81×
Cash conversion cycle (days)	-411	-4,068	-32	-126	-131	-212	-368	-688