Company Valuation: Aeffe S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 202.4 110.6 275.4 122.1 90.35 85.43
Change - -45.35% 149.05% -55.66% -26.02% -5.45%
Enterprise Value (EV) 1 340.9 254.3 447.1 354 343.8 237.8
Change - -25.42% 75.84% -20.83% -2.86% -30.83%
P/E 17.2x -5.16x 22.7x -13.5x -2.81x 4.43x
PBR 1.18x 0.75x 2.29x 1.11x 1.14x 0.87x
PEG - 0x -0x 0x -0x -0x
Capitalization / Revenue 0.56x 0.4x 0.83x 0.34x 0.27x 0.31x
EV / Revenue 0.94x 0.91x 1.34x 0.97x 1.04x 0.87x
EV / EBITDA 9.16x -23.5x 21.7x 20.4x -29.2x 59.2x
EV / EBIT 12.5x -12.5x 38x 43.2x -16x -7.38x
EV / FCF 30.7x 14.6x 10.2x -71.7x 33.9x 7.13x
FCF Yield 3.26% 6.85% 9.77% -1.39% 2.95% 14%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.1156 -0.214 0.1217 -0.092 -0.327 0.196
Distribution rate - - - - - -
Net sales 1 361.5 279.6 333.1 363.6 329.4 272
EBITDA 1 37.23 -10.81 20.6 17.39 -11.76 4.015
EBIT 1 27.24 -20.39 11.77 8.186 -21.55 -32.21
Net income 1 11.69 -21.4 12.13 -9.044 -32.14 19.33
Net Debt 1 138.6 143.7 171.7 231.8 253.5 152.4
Reference price 2 1.9940 1.1040 2.7600 1.2380 0.9180 0.8680
Nbr of stocks (in thousands) 1,01,486 1,00,180 99,799 98,655 98,425 98,425
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 29/03/24 28/03/25
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.76Cr
22.58x3.34x11.23x2.59% 28TCr
20.73x2.68x13.65x1.01% 2.26TCr
21.23x4.04x9.88x2.68% 1.57TCr
10.53x1.02x4.89x-.--% 1.32TCr
14.32x2.16x9.12x1.88% 1TCr
15.81x1.57x10.28x2.45% 937.5Cr
12.79x1.62x7.06x6.57% 707.02Cr
16.31x1x9.49x2.13% 666.21Cr
Average 16.79x 2.18x 9.45x 2.41% 4.07TCr
Weighted average by Cap. 21.27x 3.09x 10.90x 2.45%

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 Aeffe S.p.A.