TraWell Co S.p.A. (TWL.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

+2187.4%

€526.11

vs €23.00 price

Levered DCF

€603.74

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.19

Distress zone

Rating

C-

Overall 1 / 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	-38.13×	82.93×	17.7×	-7.05×	-25.83×	-0.34×	2.76×	3.64×
P/B	2.23×	2.41×	2.8×	2.41×	1.85×	0.65×	0.36×	0.58×
P/S	0.56×	0.57×	0.67×	0.56×	0.8×	0.26×	0.16×	0.32×
EV / EBITDA	3.76×	3.7×	4.42×	5.89×	11.02×	-1.42×	4.17×	2.81×
Gross margin	12.1%	32.6%	36.9%	36.4%	9.5%	-2.2%	11.0%	17.8%
Operating margin	13.5%	12.8%	18.9%	11.8%	5.6%	-70.0%	10.0%	11.7%
Net margin	2.7%	0.7%	3.8%	-7.9%	-3.1%	-77.2%	5.9%	8.9%
Current ratio	1.57×	0.74×	0.7×	0.88×	1.38×	0.87×	0.91×	1.54×
Debt / equity	2.86×	2.52×	3.1×	4.38×	1.77×	2.1×	0.53×	0.4×
Interest coverage	2.87×	2.54×	3.15×	1.98×	1.99×	-13.27×	8.09×	10.64×
Dividend yield	0.0%	7.5%	8.5%	20.2%	1.1%	7.4%	6.9%	11.9%
Payout ratio	0.0%	618.2%	152.4%	-142.2%	-28.1%	-2.5%	18.9%	43.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.8%	2.9%	15.7%	-34.4%	-7.2%	-191.2%	13.1%	16.0%
Return on invested capital	7.3%	9.8%	13.1%	7.1%	2.9%	-48.5%	9.2%	11.1%
Return on assets	1.9%	0.6%	2.8%	-6.0%	-1.7%	-41.9%	6.0%	8.7%
Free cash flow yield	5.4%	28.7%	23.2%	43.9%	-3.8%	-109.7%	-17.6%	-3.5%
Earnings yield	4.8%	1.2%	5.6%	-14.2%	-3.9%	-295.1%	36.2%	27.5%
Enterprise value	€31.3M	€31.2M	€38.9M	€36.4M	€24.2M	€14.8M	€14.8M	€17M
Net debt / EBITDA	1.92×	1.67×	2.11×	3.51×	4.32×	-1.01×	2.12×	0.52×
Cash conversion cycle (days)	38	4	-8	2	102	47	-0	-9