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

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

FILAM (€8.74) is trading above our estimate of [[fair value]] (€5.33)

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

Valuation Score

2/6

Valuation Score 2/6

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 FILAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FILAM (€8.74) is trading above our estimate of fair value (€5.33)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FILAM. This is calculated by dividing FILAM's market cap by their current earnings.
What is FILAM's PE Ratio?
PE Ratio	3x
Earnings	€177.11m
Market Cap	€525.54m

FILAM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.3x
Enterprise Value/EBITDA	7.5x
PEG Ratio	-0.06x

Price to Earnings Ratio vs Peers

How does FILAM's PE Ratio compare to its peers?

The above table shows the PE ratio for FILAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	34.3x
RWI Renewi	17.8x	36.5%	UK£451.1m
RST Restore	93x	48.8%	UK£353.3m
MER Mears Group	8x	-15.6%	UK£339.8m
JSG Johnson Service Group	18.5x	20.9%	UK£574.4m
FILAM F.I.L.A. - Fabbrica Italiana Lapis ed Affini	3x	-52.2%	€525.5m

Price-To-Earnings vs Peers: FILAM is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (33.5x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FILAM is good value based on its Price-To-Earnings Ratio (3x) compared to the European Commercial Services industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is FILAM'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.

FILAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FILAM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.