F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.

DB:3S0 Stock Report

Market Cap: €481.4m

F.I.L.A. - Fabbrica Italiana Lapis ed Affini Valuation

Is 3S0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3S0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3S0 (€9.47) is trading above our estimate of fair value (€6.9)

Significantly Below Fair Value: 3S0 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3S0?

Key metric: As 3S0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3S0. This is calculated by dividing 3S0's market cap by their current earnings.
What is 3S0's PE Ratio?
PE Ratio2.8x
Earnings€172.67m
Market Cap€481.40m

Price to Earnings Ratio vs Peers

How does 3S0's PE Ratio compare to its peers?

The above table shows the PE ratio for 3S0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.5x
EDD3 edding
15.7xn/a€39.3m
FPH Francotyp-Postalia Holding
3x-35.2%€35.6m
CWC CEWE Stiftung KGaA
11x2.5%€691.2m
TUR Turbon
176.5xn/a€9.9m
3S0 F.I.L.A. - Fabbrica Italiana Lapis ed Affini
2.8x-51.8%€481.4m

Price-To-Earnings vs Peers: 3S0 is good value based on its Price-To-Earnings Ratio (2.8x) compared to the peer average (51.5x).


Price to Earnings Ratio vs Industry

How does 3S0's PE Ratio compare vs other companies in the European Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3S0 2.8xIndustry Avg. 14.6xNo. of Companies14PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3S0 is good value based on its Price-To-Earnings Ratio (2.8x) compared to the European Commercial Services industry average (14.6x).


Price to Earnings Ratio vs Fair Ratio

What is 3S0's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3S0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.8x
Fair PE Ratio3.5x

Price-To-Earnings vs Fair Ratio: 3S0 is good value based on its Price-To-Earnings Ratio (2.8x) compared to the estimated Fair Price-To-Earnings Ratio (3.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3S0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.47
€12.62
+33.3%
12.4%€14.60€10.70n/a5
Nov ’25€9.79
€12.12
+23.8%
13.5%€14.60€10.00n/a5
Oct ’25€9.54
€12.12
+27.0%
13.5%€14.60€10.00n/a5
Sep ’25€8.85
€12.12
+36.9%
13.5%€14.60€10.00n/a5
Aug ’25€8.88
€11.80
+32.9%
13.8%€13.90€9.80n/a5
Jul ’25€8.54
€11.80
+38.2%
13.8%€13.90€9.80n/a5
Jun ’25€9.02
€11.80
+30.8%
13.8%€13.90€9.80n/a5
May ’25€8.80
€11.32
+28.6%
15.2%€13.70€8.80n/a5
Apr ’25€7.81
€11.48
+47.0%
17.0%€14.50€8.80n/a5
Mar ’25€8.40
€12.50
+48.8%
9.5%€14.50€11.40n/a4
Feb ’25€8.54
€12.50
+46.4%
9.5%€14.50€11.40n/a4
Jan ’25€8.65
€11.18
+29.2%
5.5%€12.00€10.30n/a4
Dec ’24€8.10
€10.65
+31.5%
2.3%€11.00€10.30n/a4
Nov ’24€6.98
€10.48
+50.1%
2.8%€10.80€10.00€9.795
Oct ’24€7.23
€10.48
+45.0%
2.8%€10.80€10.00€9.545
Sep ’24€8.28
€10.48
+26.6%
2.8%€10.80€10.00€8.855
Aug ’24€7.94
€10.30
+29.7%
1.9%€10.60€10.00€8.885
Jul ’24€7.70
€10.30
+33.8%
1.9%€10.60€10.00€8.545
Jun ’24€7.79
€10.30
+32.2%
1.9%€10.60€10.00€9.025
May ’24€7.67
€9.92
+29.3%
4.9%€10.40€9.00€8.805
Apr ’24€6.75
€10.16
+50.5%
8.2%€11.60€9.00€7.815
Mar ’24€7.36
€11.22
+52.4%
12.0%€13.20€9.00€8.405
Feb ’24€7.00
€11.22
+60.3%
12.0%€13.20€9.00€8.545
Jan ’24€6.97
€11.22
+61.0%
12.0%€13.20€9.00€8.655
Dec ’23€6.75
€11.22
+66.2%
12.0%€13.20€9.00€8.105
Nov ’23€6.80
€12.90
+89.7%
4.9%€14.00€12.30€6.985

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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