Update shared on 11 Nov 2025
Fair value Decreased 4.14%Amplifon's fair value price target has declined from €18.96 to €18.18. Analysts note a slightly higher discount rate and moderated revenue growth expectations, offset by improved projected profit margins and a lower forward P/E ratio.
Analyst Commentary
Bullish Takeaways- Bullish analysts have re-initiated coverage with an Outperform rating, reflecting confidence in Amplifon's strategy and its longer-term growth potential despite recent share declines.
- The current valuation, with shares down over 40 percent year-to-date, is seen as offering a favorable risk/reward profile. This potentially makes the stock attractive for investors seeking upside.
- Improved projected profit margins are viewed positively as they could support better earnings performance in the future.
- Some analysts maintain higher price targets, suggesting expectations for a recovery in performance as fundamental execution improves.
- Bearish analysts have lowered price targets in response to heightened discount rates and moderated growth forecasts. This reflects concerns over execution and market challenges.
- Neutral outlooks are maintained by some, indicating uncertainty about Amplifon's ability to reaccelerate revenue growth in the near term.
- There remains caution around the company's ability to fully offset external headwinds, such as macroeconomic pressures or increased competition, that could weigh on future results.
- The reduction in forward earnings multiples underscores an expectation of slower earnings growth or ongoing market skepticism.
Valuation Changes
- Fair Value: Declined from €18.96 to €18.18, reflecting updated forecasts and market conditions.
- Discount Rate: Increased slightly from 8.92 percent to 9.09 percent, indicating a higher perceived risk or cost of capital.
- Revenue Growth: Moderated from 5.65 percent to 5.33 percent, showing slightly tempered expectations for sales expansion.
- Net Profit Margin: Improved from 7.41 percent to 7.67 percent, suggesting better anticipated profitability.
- Future P/E: Decreased from 25.0x to 22.3x, pointing to lower valuation multiples based on forward earnings.
Disclaimer
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