View ValuationReway Group 향후 성장Future 기준 점검 3/6Reway Group (는) 각각 연간 11.9% 및 9.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 15.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17% 로 예상됩니다.핵심 정보11.9%이익 성장률15.87%EPS 성장률Construction 이익 성장14.6%매출 성장률9.8%향후 자기자본이익률16.95%애널리스트 커버리지Low마지막 업데이트30 Apr 2026최근 향후 성장 업데이트Price Target Changed • Aug 17Price target increased by 7.5% to €8.85Up from €8.23, the current price target is an average from 2 analysts. New target price is 6.3% below last closing price of €9.44. Stock is up 75% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.46 last year.Price Target Changed • Apr 16Price target increased by 8.5% to €7.32Up from €6.74, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €5.28. Stock is up 59% over the past year.모든 업데이트 보기Recent updates공고 • May 20Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million.Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million on May 18, 2026. A cash consideration of €256.24 million valued at €10.31 per share will be paid by Renaissance AIFM S.à r.l. As part of consideration, €256.24 million is paid towards common equity of Reway Group S.p.A. The transaction is subject to antitrust and golden power authorizations approval. The transaction is expected to close on September 30, 2026. Nicola Cavallo, Andrea Maestripieri, Luca Incipini, Francesco Serricchio, Raffaele Puglisi, Roberto De Bernardinis, Lorenzo Albanese, Irene Baraldi of EY Parthenon acted as due diligence provider for Renaissance AIFM S.à r.l.Reported Earnings • Apr 05Full year 2025 earnings releasedFull year 2025 results: Revenue: €247.7m (up 13% from FY 2024). Net income: €20.9m (up 17% from FY 2024). Profit margin: 8.4% (up from 8.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction industry in Italy.공고 • Feb 03+ 1 more updateReway Group S.p.A. to Report Fiscal Year 2025 Results on Mar 30, 2026Reway Group S.p.A. announced that they will report fiscal year 2025 results on Mar 30, 2026New Risk • Dec 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €11.55, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Construction industry in Italy. Total returns to shareholders of 80% over the past year.Price Target Changed • Aug 17Price target increased by 7.5% to €8.85Up from €8.23, the current price target is an average from 2 analysts. New target price is 6.3% below last closing price of €9.44. Stock is up 75% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.46 last year.New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €9.06, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Construction industry in Italy. Total returns to shareholders of 82% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.09 per share.공고 • Apr 15Reway Group S.p.A., Annual General Meeting, Apr 30, 2025Reway Group S.p.A., Annual General Meeting, Apr 30, 2025, at 10:00 W. Europe Standard Time.Reported Earnings • Mar 31Full year 2024 earnings releasedFull year 2024 results: Revenue: €220.6m (up 70% from FY 2023). Net income: €17.9m (up 28% from FY 2023). Profit margin: 8.1% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Construction industry in Italy.공고 • Feb 02Reway Group S.p.A. to Report Fiscal Year 2024 Results on Mar 28, 2025Reway Group S.p.A. announced that they will report fiscal year 2024 results on Mar 28, 2025공고 • Feb 01Reway Group S.p.A. to Report First Half, 2025 Results on Sep 30, 2025Reway Group S.p.A. announced that they will report first half, 2025 results on Sep 30, 2025Buy Or Sell Opportunity • Oct 30Now 21% undervaluedOver the last 90 days, the stock has risen 25% to €6.68. The fair value is estimated to be €8.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.Reported Earnings • Oct 04First half 2024 earnings releasedFirst half 2024 results: Revenue: €93.5m (up 72% from 1H 2023). Net income: €8.48m (up 46% from 1H 2023). Profit margin: 9.1% (down from 11% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Italy.New Risk • Oct 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Less than 3 years of financial data is available.공고 • Sep 12Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million.Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million on September 10, 2024. The acquisition will increase the executive efficiency of works, improving the Group's ability to initiate backlog orders, amounting to €955 million as of September 6, 2024. Post completion of the acquisition, it is planned put-and-call option on the remaining 40%, exercisable upon approval of the target's financial statements as of December 31, 2026. Vega Engineering S.r.l. has about 25 resources including employees and collaborators and reports revenues as of December 31, 2023 of €2.7 million, EBITDA of €1.3 million (EBITDA Margin 48%) and Net Financial Debt of €1 million (cash positive). Under the terms, the Investment Agreement signed by Reway Group and the shareholders of Vega Engineering includes Reway Group's commitment to purchase 100 percent of the target in two tranches: the first, for the acquisition of 60% of the share capital of Vega Engineering (the “Sellers”), by the deadline of November 30th, 2024, for a countervalue of 3.6 million euros. Half of the 60% acquisition transaction will be carried out through the use of 1.8 million euros of equity capital (without recourse to bank loans) and, for the remaining portion, through a capital increase reserved for the Sellers, which will be specially resolved by the Company, for a countervalue of 1.8 million euros; on the newly issued shares, resulting from this capital increase, a 24-month lock-up is envisaged for the Sellers from the date of execution. The capital increase will be approved by Reway Group's shareholders' meeting by the execution deadline of November 30th, 2024, and will provide for the exclusion of pre-emptive rights. And the second tranche, relating to the acquisition of the remaining 40% of the share capital of Vega Engineering, will take place through the exercise, as of the approval of the target company's 2026 financial statements and until September 30th, 2027, of a put & call option, for a countervalue that will be determined with respect to the average EBITDA of the target company's 2024, 2025 and 2026 fiscal years. Reway Group was assisted by: Grimaldi Alliance, legal advisor, with the team consisting of partners Gianluigi Serafini and Silvia Frattesi; RSM Società di Revisione ed Organizzazione Contabile, financial advisor consisting of the team of partner Nicola Tufo and senior manager Fabiano Guarino; And Baker Tilly Italia Tax, tax and labor law advisor, consisting of the team of partner Riccardo Bolla.Price Target Changed • Apr 16Price target increased by 8.5% to €7.32Up from €6.74, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €5.28. Stock is up 59% over the past year.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €4.13, the stock trades at a trailing P/E ratio of 17.1x. Average forward P/E is 9x in the Construction industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €4.81 per share.Buying Opportunity • Nov 17Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.7%. The fair value is estimated to be €4.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 97% in 2 years. Earnings is forecast to grow by 64% in the next 2 years.공고 • Oct 18Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million.Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million on October 16, 2023. Reway will obtain €47 million from a pool of banks while disbursing €64 million for 70 percent of Se.Gi.'s capital. For oepration purposes, there will also be an addition to the final price at closing by way of price adjustment, which corresponds to an amount equal to 100 percent of the actual net working capital as of the date of execution, estimated to be approximately €47 million. With regard to the actual CCN, the payment of what is actually due to the sellers is contingent on the collection arising from specific receivables claimed by Se.Gi. and identified by mutual agreement between the parties. The total value of the transaction, taking into account the estimated final price at closing and the price adjustment, is therefore approximately EUR111 million which will be paid, with regard to the final price at closing, for €47 million through recourse to bank financing and for €17 million through own resources, using in part the proceeds from the listing that took place in March.Buying Opportunity • Sep 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.8%. The fair value is estimated to be €5.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only.이익 및 매출 성장 예측BIT:RWY - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028359343639312/31/2027336303028312/31/2026306262224312/31/202524721-26N/A9/30/20252412105N/A6/30/20252362115N/A3/31/20252282014N/A12/31/20242201803N/A9/30/202419417N/AN/AN/A6/30/2024169171318N/A3/31/202414915814N/A12/31/202313014311N/A9/30/202311912N/AN/AN/A6/30/2023109907N/A3/31/2023110849N/A12/31/20221118811N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: RWY 의 연간 예상 수익 증가율(11.9%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: RWY 의 연간 수익(11.9%)이 Italian 시장(10.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: RWY 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: RWY 의 수익(연간 9.8%)이 Italian 시장(연간 5.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: RWY 의 수익(연간 9.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: RWY의 자본 수익률은 3년 후 17%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 05:20종가2026/07/13 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Reway Group S.p.A.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mattia PetraccaIntegrae SPACarlo MaritanoIntermonte SIM S.p.A.Marco GrecoValueTrack
Price Target Changed • Aug 17Price target increased by 7.5% to €8.85Up from €8.23, the current price target is an average from 2 analysts. New target price is 6.3% below last closing price of €9.44. Stock is up 75% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.46 last year.
Price Target Changed • Apr 16Price target increased by 8.5% to €7.32Up from €6.74, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €5.28. Stock is up 59% over the past year.
공고 • May 20Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million.Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million on May 18, 2026. A cash consideration of €256.24 million valued at €10.31 per share will be paid by Renaissance AIFM S.à r.l. As part of consideration, €256.24 million is paid towards common equity of Reway Group S.p.A. The transaction is subject to antitrust and golden power authorizations approval. The transaction is expected to close on September 30, 2026. Nicola Cavallo, Andrea Maestripieri, Luca Incipini, Francesco Serricchio, Raffaele Puglisi, Roberto De Bernardinis, Lorenzo Albanese, Irene Baraldi of EY Parthenon acted as due diligence provider for Renaissance AIFM S.à r.l.
Reported Earnings • Apr 05Full year 2025 earnings releasedFull year 2025 results: Revenue: €247.7m (up 13% from FY 2024). Net income: €20.9m (up 17% from FY 2024). Profit margin: 8.4% (up from 8.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction industry in Italy.
공고 • Feb 03+ 1 more updateReway Group S.p.A. to Report Fiscal Year 2025 Results on Mar 30, 2026Reway Group S.p.A. announced that they will report fiscal year 2025 results on Mar 30, 2026
New Risk • Dec 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €11.55, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Construction industry in Italy. Total returns to shareholders of 80% over the past year.
Price Target Changed • Aug 17Price target increased by 7.5% to €8.85Up from €8.23, the current price target is an average from 2 analysts. New target price is 6.3% below last closing price of €9.44. Stock is up 75% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.46 last year.
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €9.06, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Construction industry in Italy. Total returns to shareholders of 82% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.09 per share.
공고 • Apr 15Reway Group S.p.A., Annual General Meeting, Apr 30, 2025Reway Group S.p.A., Annual General Meeting, Apr 30, 2025, at 10:00 W. Europe Standard Time.
Reported Earnings • Mar 31Full year 2024 earnings releasedFull year 2024 results: Revenue: €220.6m (up 70% from FY 2023). Net income: €17.9m (up 28% from FY 2023). Profit margin: 8.1% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Construction industry in Italy.
공고 • Feb 02Reway Group S.p.A. to Report Fiscal Year 2024 Results on Mar 28, 2025Reway Group S.p.A. announced that they will report fiscal year 2024 results on Mar 28, 2025
공고 • Feb 01Reway Group S.p.A. to Report First Half, 2025 Results on Sep 30, 2025Reway Group S.p.A. announced that they will report first half, 2025 results on Sep 30, 2025
Buy Or Sell Opportunity • Oct 30Now 21% undervaluedOver the last 90 days, the stock has risen 25% to €6.68. The fair value is estimated to be €8.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
Reported Earnings • Oct 04First half 2024 earnings releasedFirst half 2024 results: Revenue: €93.5m (up 72% from 1H 2023). Net income: €8.48m (up 46% from 1H 2023). Profit margin: 9.1% (down from 11% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Italy.
New Risk • Oct 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Less than 3 years of financial data is available.
공고 • Sep 12Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million.Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million on September 10, 2024. The acquisition will increase the executive efficiency of works, improving the Group's ability to initiate backlog orders, amounting to €955 million as of September 6, 2024. Post completion of the acquisition, it is planned put-and-call option on the remaining 40%, exercisable upon approval of the target's financial statements as of December 31, 2026. Vega Engineering S.r.l. has about 25 resources including employees and collaborators and reports revenues as of December 31, 2023 of €2.7 million, EBITDA of €1.3 million (EBITDA Margin 48%) and Net Financial Debt of €1 million (cash positive). Under the terms, the Investment Agreement signed by Reway Group and the shareholders of Vega Engineering includes Reway Group's commitment to purchase 100 percent of the target in two tranches: the first, for the acquisition of 60% of the share capital of Vega Engineering (the “Sellers”), by the deadline of November 30th, 2024, for a countervalue of 3.6 million euros. Half of the 60% acquisition transaction will be carried out through the use of 1.8 million euros of equity capital (without recourse to bank loans) and, for the remaining portion, through a capital increase reserved for the Sellers, which will be specially resolved by the Company, for a countervalue of 1.8 million euros; on the newly issued shares, resulting from this capital increase, a 24-month lock-up is envisaged for the Sellers from the date of execution. The capital increase will be approved by Reway Group's shareholders' meeting by the execution deadline of November 30th, 2024, and will provide for the exclusion of pre-emptive rights. And the second tranche, relating to the acquisition of the remaining 40% of the share capital of Vega Engineering, will take place through the exercise, as of the approval of the target company's 2026 financial statements and until September 30th, 2027, of a put & call option, for a countervalue that will be determined with respect to the average EBITDA of the target company's 2024, 2025 and 2026 fiscal years. Reway Group was assisted by: Grimaldi Alliance, legal advisor, with the team consisting of partners Gianluigi Serafini and Silvia Frattesi; RSM Società di Revisione ed Organizzazione Contabile, financial advisor consisting of the team of partner Nicola Tufo and senior manager Fabiano Guarino; And Baker Tilly Italia Tax, tax and labor law advisor, consisting of the team of partner Riccardo Bolla.
Price Target Changed • Apr 16Price target increased by 8.5% to €7.32Up from €6.74, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €5.28. Stock is up 59% over the past year.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €4.13, the stock trades at a trailing P/E ratio of 17.1x. Average forward P/E is 9x in the Construction industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €4.81 per share.
Buying Opportunity • Nov 17Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.7%. The fair value is estimated to be €4.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 97% in 2 years. Earnings is forecast to grow by 64% in the next 2 years.
공고 • Oct 18Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million.Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million on October 16, 2023. Reway will obtain €47 million from a pool of banks while disbursing €64 million for 70 percent of Se.Gi.'s capital. For oepration purposes, there will also be an addition to the final price at closing by way of price adjustment, which corresponds to an amount equal to 100 percent of the actual net working capital as of the date of execution, estimated to be approximately €47 million. With regard to the actual CCN, the payment of what is actually due to the sellers is contingent on the collection arising from specific receivables claimed by Se.Gi. and identified by mutual agreement between the parties. The total value of the transaction, taking into account the estimated final price at closing and the price adjustment, is therefore approximately EUR111 million which will be paid, with regard to the final price at closing, for €47 million through recourse to bank financing and for €17 million through own resources, using in part the proceeds from the listing that took place in March.
Buying Opportunity • Sep 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.8%. The fair value is estimated to be €5.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only.