Websolute S.p.A. (WBS.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

-468.6%

-€5.31

vs €1.44 price

Levered DCF

-€5.91

After debt service

Piotroski score

—

Altman Z-score

—

Rating

—

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
P/E	-38.78×	69.47×	43.96×	36.74×	41.4×	56.82×
P/B	4.35×	7.18×	3.39×	4.92×	23.45×	18.61×
P/S	0.92×	1.62×	0.95×	1.41×	1.67×	2.82×
EV / EBITDA	12.08×	12.33×	11.74×	9.89×	18.95×	30.48×
Gross margin	60.5%	63.9%	62.9%	60.8%	55.8%	66.6%
Operating margin	0.1%	6.6%	4.0%	6.7%	9.3%	5.9%
Net margin	-2.4%	2.3%	2.2%	3.8%	4.0%	5.0%
Current ratio	1.65×	1.71×	1.9×	1.64×	1.35×	1.27×
Debt / equity	1.36×	1.32×	1.51×	1.18×	2.32×	0.33×
Interest coverage	0.19×	13.8×	7.5×	0×	0×	0×
Dividend yield	0.0%	0.0%	1.3%	2.6%	3.0%	0.0%
Payout ratio	0.0%	0.0%	56.8%	95.7%	125.5%	0.0%

Key metrics by fiscal year

Metric	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Return on equity	-11.2%	10.3%	7.7%	13.4%	56.7%	32.7%
Return on invested capital	0.1%	4.9%	3.3%	5.1%	15.0%	13.1%
Return on assets	-2.6%	2.5%	1.8%	3.6%	5.2%	7.3%
Free cash flow yield	-2.4%	2.0%	-15.3%	-11.8%	6.0%	-2.4%
Earnings yield	-2.6%	1.4%	2.3%	2.7%	2.4%	1.8%
Enterprise value	€22.4M	€33M	€16.2M	€19.6M	€21.5M	€21.1M
Net debt / EBITDA	1.23×	0.78×	2.04×	0.49×	0.17×	-0.31×
Cash conversion cycle (days)	-65	-66	-84	-85	46	-331