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FM.MI$7.97-1.36%
Fair $7.97+0.0%

FM.MI

Fiera Milano S.p.A.

Industrials / Specialty Business ServicesMilan

$7.97

-0.11 (-1.36%)

Fairly Valued+0.0%Fair Value $7.97Fund rank 32/100 · Data gapFallback financials|
SA 67/B
F-Score: 8/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $89.4M · quality 59.0/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 74/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

67/100

B

Piotroski

8/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · FM.MILocal privado en este navegador · Fiera Milano S.p.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$570M

P/E

7.0x

↓

EV/EBITDA

5.4x

↓

ROE

27.7%

↑

Gross Margin

96.4%

↑

Debt/Equity

1.87

↑
52-Week Range$8
$6$9

TradingView lightweight chart

FM.MI price, volumen y niveles de valoración

Último $7.970Periodo +29.8%
Fair value: $7.970

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+19.9%

FCF CAGR

+72.3%

FCF margin

39.0%

FCF / Net income

2.95x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $379.9M · net income $50.3M · FCF $148.3M

2022-FY → 2025-FY

Gross margin

96.4%+1.8% pts

Operating margin

18.8%+14.2% pts

Net margin

13.2%+15.8% pts

FCF margin

39.0%+25.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$379.9M$379.9M$273.2M$283.8M$220.3M
Net Income$50.3M$50.3M$19.3M$45.5M$-5.6M
EBITDA$133.3M$133.3M$88.3M$101.9M$57.3M
EPS0.710.710.270.64-0.08
Gross Margin96.4%96.4%95.2%93.9%94.6%
Operating Margin18.8%18.8%9.6%13.8%4.5%
Net Margin13.2%13.2%7.1%16.0%-2.5%
Balance Sheet
Debt/Equity1.871.872.193.074.59
Current Ratio1.061.06———
Cash Flow
Free Cash Flow$148.3M$148.3M$52.8M$89.4M$29.0M
Returns
ROE27.7%27.7%12.3%30.7%-5.3%
Valuation
P/E6.996.9916.334.44—
EV/EBITDA5.445.446.635.4510.97
P/B3.123.122.011.362.14
Growth & Yield
Revenue Growth39.1%39.1%-3.8%28.8%—
EPS Growth160.7%160.7%-57.5%917.3%—
Dividend Yield3.1%3.1%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-0.1%

fácil

EPS terminal req.

$0.71

Spread vs growth

160.8%

5Y implied EPS CAGR

3.8%

fácil

EPS terminal req.

$0.86

Spread vs growth

156.8%

10Y implied EPS CAGR

6.9%

razonable

EPS terminal req.

$1.38

Spread vs growth

153.8%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +45.9%

Total return

+45.9%

Start / end P/E

20.5x → 11.2x

EPS bridge

0.27 → 0.71

Residual

-72.6%

EPS growth+160.7%
Multiple rerating-45.2%
Dividend+3.1%
Residual / FX / buybacks / cross-term-72.6%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.