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v0.1
VARV.MI$7.40+4.23%
Fair $7.40+0.0%

VARV.MI

Sbe - Varvit - Societa' Per Azioni

Industrials / Tools & AccessoriesMilan

$7.40

+0.30 (+4.23%)

Fairly Valued+0.0%Fair Value $7.40Fund rank 32/100 · Data gapFallback financials|
SA 46/C
F-Score: 5/9

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 32% · confianza 25%

FCF escenarios

weak_data · normalized FCF $35.5M · quality 60.7/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 42/100Data 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

46/100

C

Piotroski

5/9

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 · VARV.MILocal privado en este navegador · Sbe - Varvit - Societa' Per Azioni
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

$630M

P/E

18.0x

↑

EV/EBITDA

6.7x

↓

ROE

7.8%

↑

Gross Margin

57.1%

↑

Debt/Equity

0.08

↓
52-Week Range$7
$7$9

TradingView lightweight chart

VARV.MI price, volumen y niveles de valoración

Último $7.400Periodo -12.9%
Fair value: $7.400

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

-4.9%

FCF CAGR

—

FCF margin

11.2%

FCF / Net income

1.15x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $337.2M · net income $32.8M · FCF $37.8M

2022-FY → 2025-FY

Gross margin

57.1%+3.1% pts

Operating margin

14.5%-5.8% pts

Net margin

9.7%-3.5% pts

FCF margin

11.2%+13.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$337.2M$337.2M$332.1M$395.8M$392.4M
Net Income$32.8M$32.8M$32.7M$55.3M$52.0M
EBITDA$86.4M$86.4M$84.4M$96.2M$102.6M
EPS0.390.390.280.4714.46
Gross Margin57.1%57.1%55.6%52.4%54.0%
Operating Margin14.5%14.5%13.9%16.2%20.3%
Net Margin9.7%9.7%9.8%14.0%13.3%
Balance Sheet
Debt/Equity0.080.080.040.080.14
Cash Flow
Free Cash Flow$37.8M$37.8M$35.5M$29.1M$-9.9M
Returns
ROE7.8%7.8%8.0%14.0%17.1%
Valuation
P/E18.0518.0529.8217.77—
EV/EBITDA6.756.7511.069.82—
P/B1.501.502.402.49—
Growth & Yield
Revenue Growth1.5%1.5%-16.1%0.9%—
EPS Growth37.5%37.5%-40.4%-96.7%—
Dividend Yield4.0%4.0%———

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

19.5%

exigente

EPS terminal req.

$0.66

Spread vs growth

18.0%

5Y implied EPS CAGR

15.6%

exigente

EPS terminal req.

$0.79

Spread vs growth

21.9%

10Y implied EPS CAGR

12.8%

razonable

EPS terminal req.

$1.28

Spread vs growth

24.7%

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 +6.8%

Total return

+6.8%

Start / end P/E

25.7x → 19.2x

EPS bridge

0.28 → 0.39

Residual

-9.5%

EPS growth+37.5%
Multiple rerating-25.3%
Dividend+4.0%
Residual / FX / buybacks / cross-term-9.5%

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.