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Financial Analysis

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v0.1
FNM.MI$0.50+0.30%
Fair $0.50+0.0%

FNM.MI

FNM S.p.A.

Industrials / RailroadsMilan

$0.50

+0.00 (+0.30%)

Fairly Valued+0.0%Fair Value $0.50Fund rank 31/100 · Data gapFallback financials|
SA 43/C
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 $106.9M · quality 56.7/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 68/100Data 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

43/100

C

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 · FNM.MILocal privado en este navegador · FNM 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

$217M

P/E

2.9x

↓

EV/EBITDA

2.4x

↓

ROE

16.3%

↑

Gross Margin

65.2%

↑

Debt/Equity

1.79

↑
52-Week Range$1
$0$1

TradingView lightweight chart

FNM.MI price, volumen y niveles de valoración

Último $0.501Periodo -39.9%
Fair value: $0.500

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

+10.2%

FCF CAGR

-10.3%

FCF margin

4.6%

FCF / Net income

0.55x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $884.3M · net income $73.6M · FCF $40.6M

2022-FY → 2025-FY

Gross margin

65.2%+14.0% pts

Operating margin

17.7%+4.2% pts

Net margin

8.3%-2.0% pts

FCF margin

4.6%-3.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$884.3M$884.3M$910.4M$737.0M$661.0M
Net Income$73.6M$73.6M$59.3M$80.9M$68.5M
EBITDA$253.7M$253.7M$239.5M$228.9M$196.0M
EPS0.170.170.140.190.16
Gross Margin65.2%65.2%58.8%58.3%51.2%
Operating Margin17.7%17.7%7.6%12.3%13.5%
Net Margin8.3%8.3%6.5%11.0%10.4%
Balance Sheet
Debt/Equity1.791.792.472.383.19
Current Ratio0.600.60———
Cash Flow
Free Cash Flow$40.6M$40.6M$106.9M$134.2M$56.1M
Returns
ROE16.3%16.3%15.8%22.8%24.1%
Valuation
P/E2.952.953.252.422.78
EV/EBITDA2.412.412.582.834.40
P/B0.480.480.510.550.68
Growth & Yield
Revenue Growth-2.9%-2.9%23.5%11.5%—
EPS Growth24.7%24.7%-26.7%16.3%—
Dividend Yield4.6%4.6%———

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

-36.1%

fácil

EPS terminal req.

$0.04

Spread vs growth

60.8%

5Y implied EPS CAGR

-20.6%

fácil

EPS terminal req.

$0.05

Spread vs growth

45.3%

10Y implied EPS CAGR

-6.5%

fácil

EPS terminal req.

$0.09

Spread vs growth

31.2%

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 +25.0%

Total return

+25.0%

Start / end P/E

3.1x → 2.9x

EPS bridge

0.14 → 0.17

Residual

-0.8%

EPS growth+24.7%
Multiple rerating-3.4%
Dividend+4.6%
Residual / FX / buybacks / cross-term-0.8%

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.