Company Valuation: Digital Value S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,137 664.5 615 244.9 289.7 294.1 -
Change - -41.53% -7.46% -60.18% 18.29% 1.51% -
Enterprise Value (EV) 1 1,115 627.9 568 232.7 163.3 226.7 203.4
Change - -43.7% -9.55% -59.02% -29.85% 38.83% -10.28%
P/E ratio 37.7x 21.9x 16.1x 6.94x 21.5x 11.4x 9.69x
PBR 9.19x 4.23x 3.29x 1.09x - 1.14x 1.04x
PEG - 33.07x 0.6x -0.72x -0.3x 0.1x 0.5x
Capitalization / Revenue 2.04x 0.94x 0.73x 0.3x 0.45x 0.39x 0.37x
EV / Revenue 2.01x 0.89x 0.67x 0.29x 0.26x 0.3x 0.25x
EV / EBITDA 19.4x 8.54x 6.28x 2.53x 2.63x 3.08x 2.55x
EV / EBIT 25.1x 12.3x 9.31x 4.02x 6.18x 5.57x 4.32x
EV / FCF -68x 41x 30.1x -9.14x 1.36x 9.73x 8.73x
FCF Yield -1.47% 2.44% 3.33% -10.9% 73.3% 10.3% 11.5%
Dividend per Share 2 - - 0.95 0.8 - 0.64 0.75
Rate of return - - 1.54% 3.31% - 2.21% 2.59%
EPS 2 3.02 3.04 3.85 3.48 1.33 2.54 2.99
Distribution rate - - 24.7% 23% - 25.2% 25.1%
Net sales 1 555.9 706.2 847.4 815.8 640.3 757.8 799.4
EBITDA 1 57.48 73.57 90.5 91.83 62 73.6 79.9
EBIT 1 44.52 51.06 60.97 57.92 26.43 40.7 47.1
Net income 1 30.13 33.95 38.37 35.27 13.53 25.9 30.5
Net Debt 1 -21.27 -36.58 -47.01 -12.16 -126.4 -67.4 -90.7
Reference price 2 114.00 66.70 61.80 24.15 28.55 28.98 28.98
Nbr of stocks (in thousands) 9,970 9,963 9,951 10,141 10,148 10,148 -
Announcement Date 3/30/22 3/14/23 4/30/24 4/29/25 4/2/26 - -
1EUR in Million2
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 342M
27.75x4.42x15.41x2.37% 268B
13.25x1.41x7.42x3.65% 109B
20.92x4.26x14.53x2.85% 92.72B
14.11x2.58x9.51x5.91% 83.49B
-83.45x13.15x76.27x-.--% 82.58B
20.57x5.36x13.25x2.77% 61.98B
15.54x2.3x9.64x4.94% 50.86B
14.24x1.64x11.24x1.13% 38.87B
22.8x1.55x11.06x0.77% 35.2B
Average 7.30x 4.07x 18.70x 2.71% 82.32B
Weighted average by Cap. 10.36x 4.38x 18.86x 2.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Digital Value S.p.A.