olivLaw · European equity research
Eukedos S.p.A. EUK.MI
Italy · Euronext Milan · ISIN IT0004818297 · Vertical: Listed companies from Italy
Eukedos S.p.A. is an Italian group that runs residences for elderly people and disabled adults through its subsidiary Edos S.r.l., with 681 staff at 31 December 2025. According to the annual report, control by La Villa S.p.A. has created a single Italian group that could become a reference point for care services in the national territory.
At the close of 05 Nov 2026, Eukedos S.p.A. (EUK.MI) stock was 0.48 EUR (−0.42% on the day), with market capitalisation 10.9 m EUR, beta 0.11, 52-week range 0.48–0.77 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 41.7
- weak (30–45)
- Bollinger (20, 2)
- 0.43 – 0.58
- in the lower half of the band · %B 0.33 · band width 31.4%
- SMA 50 / 200
- 0.52 / 0.64
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.01 / -0.01
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −15.4% | −0.6% | −14.7 pp | — |
| 3 months | −5.3% | −4.2% | −1.2 pp | — |
| 6 months | −27.6% | +4.3% | −31.9 pp | — |
| Year to date | −32.2% | +7.5% | −39.7 pp | — |
| 1 year | −34.5% | +9.9% | −44.4 pp | −6.1% |
| 3 years | −45.6% | +49.8% | −95.4 pp | +7.7% |
| 5 years | −76.8% | +42.8% | −119.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 49.5 m | 51.7 m | 52.9 m |
| Revenue YoY | unavailable | +4.5% | +2.4% |
| Net income | 556.0 k | -524.0 k | -749.0 k |
| Net income YoY | unavailable | −194.2% | unavailable |
| Diluted EPS | 0.02 | -0.02 | -0.03 |
| Diluted EPS YoY | unavailable | −194.7% | unavailable |
| net % | 1.1% | -1.0% | -1.4% |
| Free cash flow | 3.6 m | -13.1 m | 436.0 k |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 416.0 k EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 29.1 m EUR
- Total assets
- 180.3 m EUR
- Debt / equity
- unavailable
- Current ratio
- 0.21x
- ROE
- -2.5%
- ROA
- -0.4%
- FCF margin
- 0.8%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 49.5 m | 51.7 m | 52.9 m | esef· 09 Apr 2026verified |
| Cost of revenue | 37.1 m | 39.6 m | 41.8 m | esef· 09 Apr 2026verified |
| Gross profit | 12.3 m | 12.1 m | 11.2 m | esef· 09 Apr 2026verified |
| Operating income | 5.2 m | 5.1 m | 5.4 m | esef· 09 Apr 2026verified |
| Depreciation & amortisation | 7.1 m | 7.1 m | 5.8 m | esef· 09 Apr 2026verified |
| EBITDA | 12.3 m ≈ | 12.1 m ≈ | 11.2 m ≈ | esef· 09 Apr 2026derived |
| Pre-tax income | 1.3 m | 418.0 k | -80.0 k | esef· 09 Apr 2026verified |
| Income tax | 724.0 k | 943.0 k | 669.0 k | esef· 09 Apr 2026verified |
| Net income | 556.0 k | -524.0 k | -749.0 k | esef· 09 Apr 2026verified |
| Diluted EPS | 0.02 | -0.02 | -0.03 | esef· 09 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 2.3 m | 3.9 m | 416.0 k | esef· 09 Apr 2026verified |
| Receivables | 4.5 m | 5.5 m | 4.8 m | esef· 09 Apr 2026verified |
| Current assets | 8.9 m | 11.1 m | 7.7 m | esef· 09 Apr 2026verified |
| Property, plant & equipment, net | 41.8 m | 98.8 m | 102.1 m | esef· 09 Apr 2026verified |
| Goodwill | 18.7 m | 20.2 m | 20.2 m | esef· 09 Apr 2026verified |
| Intangibles (excl. goodwill) | 10.0 k | 5.0 k | 1.0 k | esef· 09 Apr 2026verified |
| Total assets | 149.1 m | 182.8 m | 180.3 m | esef· 09 Apr 2026verified |
| Accounts payable | 6.2 m | 6.5 m | 7.2 m | esef· 09 Apr 2026verified |
| Current liabilities | 21.2 m | 29.3 m | 36.5 m | esef· 09 Apr 2026verified |
| Equity | 29.9 m | 29.8 m | 29.1 m | esef· 09 Apr 2026verified |
| Shares outstanding at year end | 22.8 m | 22.7 m | 22.8 m | esef· 09 Apr 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 10.1 m | 9.9 m | 6.2 m | esef· 09 Apr 2026verified |
| Capex | 6.5 m | 23.1 m | 5.8 m | esef· 09 Apr 2026verified |
| Free cash flow | 3.6 m ≈ | -13.1 m ≈ | 436.0 k ≈ | esef· 09 Apr 2026derived |
| Investing cash flow | -8.9 m | -58.5 m | -5.9 m | esef· 09 Apr 2026verified |
| Financing cash flow | -2.4 m | 50.1 m | -3.9 m | esef· 09 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 18.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 10.9 m EUR
Key indicators
Coverage and freshness
Score by group
19% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -1.4% | 18 (vs peers) | 33% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.2x | 0 (on a fixed band) | 22% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.0% | 50 (on a fixed band) | 44% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial18/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial50/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
EUKEDOS S.P.A. (EUK.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 52.9 m EUR in 2025; YoY growth 2.4%; net margin -1.4%; ROE -2.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -1.4%
- Current ratio: 0.2x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.8 bn | 21.5 | 15.4% | 8.4% | +8.7% | +24% / +60% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +73% |
| DIA.MIDiasorin S.p.a. | 4.3 bn | 28.3 | 9.2% | 13.0% | +0.8% | +31% / −7% |
| CRL.MICarel Industries S.p.a. | 2.9 bn | 39.5 | 16.1% | 11.7% | +8.7% | +3% / +10% |
| AMP.MIAmplifon S.p.a. | 2.7 bn | 29.9 | 8.5% | 3.8% | −0.6% | −9% / −58% |
| CMB.MICembre S.p.a. | 1.3 bn | 27.0 | 20.6% | 18.9% | +6.7% | +11% / +108% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 18.6 | 12.8% | 7.1% | −23.0% | +8% / +64% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −22% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 969.2 m | 10.4 | 23.5% | 41.0% | +1.8% | −5% / −23% |
| AVIO.MIAvio S.p.a. | 883.6 m | 86.8 | 2.1% | 1.8% | +21.5% | +18% / +291% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 783.3 m | 6.0 | 17.1% | 7.3% | +1.6% | +4% / +72% |
| ASC.MIAscopiave S.p.a. | 646.3 m | 18.0 | 4.2% | 17.5% | +13.4% | −8% / +33% |
| AC5.MIAcinque S.p.a. | 412.6 m | 19.6 | 4.1% | 3.6% | +0.2% | −6% / +8% |
| BAN.MIBasic Net S.p.a. | 348.0 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 324.7 m | 13.1 | 11.1% | 13.7% | +9.2% | −2% / +12% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 129.6 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 118.7 m | 11.7 | 18.5% | 10.2% | −1.3% | −26% / −32% |
| ABT.MIAbitare In S.p.a. | 76.0 m | 276.0 | 0.4% | 0.4% | +39.8% | −6% / −47% |
| ELC.MIElica S.p.a. | 64.3 m | — | -7.8% | -2.2% | +1.9% | −34% / −48% |
| DEX.MIDexelance S.p.a. | 50.7 m | 2.8 | 11.0% | 5.4% | +12.6% | −63% / −78% |
| CLE.MIClass Editori S.p.a. | 35.1 m | — | -29.2% | -3.8% | −0.7% | −9% / +106% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.2 | 10.9% | 3.8% | −2.5% | −4% / −10% |
| EUK.MIEukedos S.p.a. | 10.9 m | — | -2.5% | -1.4% | +2.4% | −31% / −51% |
| AEF.MIAeffe S.p.a. | 10.1 m | 0.5 | 21.9% | 7.7% | −21.3% | −59% / −86% |
1- and 3-year price returns: for EUK.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Eukedos S.p.A. is an Italian group that runs residences for elderly people and disabled adults through its subsidiary Edos S.r.l., with 681 staff at 31 December 2025 1. According to the annual report, control by La Villa S.p.A. has created a single Italian group that could become a reference point for care services in the national territory 1.
SWOT
Strengths
- The group has a formalised clinical governance structure, with individualised care plans and monitoring of adverse events 1.
- Support from parent company La Villa gives the group a position as a single care services group 1.
- Investments in technology and protective equipment show a consistent logistics commitment 1.
Weaknesses
Opportunities
Risks
- Rising production factor costshigh
Staff and operating costs can rise faster than fees, because fees cannot be adjusted quickly for clients 1.
- Recoverability of goodwillhigh
Most intangible assets are goodwill, whose recoverability depends on the results of the cash-generating units 1.
- Clinical and compliance risksmedium
Clinical incidents, adverse events and non-compliance with health and safety rules could generate liabilities and costs 1.
- Funding requirementsmedium
The group monitors possible changes in financing needs and funding options from the state or the market 1.
- Governance and price-sensitive informationlow
Procedures for handling relevant information and MAR compliance are essential, and any error could affect market confidence 1.
Investment thesis
What would need to be true (bull case)
- If integration into the La Villa group proceeds as planned, the group could become an important player in care services in Italy 1.
- Investments in technology and automation could improve service quality and reduce operational risks 1.
- The clinical governance and internal control structure could support compliance and the group's reputation 1.
What would break the thesis
What to watch
- Trend in staff costs and operating margins2026
- Progress in implementing an Enterprise Risk Management systemnext 10-K
- Goodwill impairment tests2026
- Results of the rehabilitation and de-blistering technology projects2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Eukedos group focuses, through subsidiary Edos S.r.l., on managing and caring for guests in its production units, meaning residences for elderly people and disabled adults 1. Eukedos S.p.A. mainly works as a holding company and coordinates subsidiaries Edos S.r.l., Hiberna Regis S.r.l. and La Villa Real Estate S.r.l. 1. Clinical and care activity is organised through a Clinical Governance Model that includes monitoring of adverse events and individualised care plans 1.
The parent company's revenue comes almost entirely from direction and coordination activities towards group companies, at 62 thousand euro in 2025 1. The parent's net loss in 2025 was 218 thousand euro, compared with a loss of 15 thousand euro in 2024 1. Because of the nature of the service and the weight of the Public Administration in fee revenue, the group says it cannot quickly pass higher production costs on to clients 1.
The group has adopted an internal control and risk management system based on a Code of Ethics, operating procedures and a Model 231 supervised by a Supervisory Body 1. The 2025 sustainability report was prepared under D.Lgs.125/2024 and includes the disclosures required by the EU Taxonomy Regulation 1.
Segments
Residences for elderly people (Edos S.r.l.)
Edos S.r.l. holds the core of the group's activity, namely managing residences for elderly people, including food preparation and distribution under HACCP controls 1.
Holding and coordination (Eukedos S.p.A.)
Eukedos S.p.A. mainly carries out holding and coordination activity for its subsidiaries and has not incurred research and development costs 1.
Real estate (La Villa Real Estate S.r.l.)
La Villa Real Estate S.r.l. is one of the group's subsidiaries, alongside Hiberna Regis S.r.l., and the sources do not detail its activity further 1.
Market context
The analysed source describes the Italian market for care services for elderly and disabled adults as linked to public funding, since the Public Administration has a significant share of fee revenue 1. The annual report gives no quantitative data on market size or the group's share 1.
The report presents the group's possible growth as an outlook in which Eukedos could become a reference point in care services, but development depends on execution of the December 2023 shareholder resolution 1.
Trends
- Integration into the La Villa grouptailwind
Control by La Villa S.p.A. could strengthen the group's care services offer in Italy 1.
- Rising production factor costsheadwind
Staff and operating costs could grow faster than fees, because fees cannot be adjusted quickly for clients 1.
- Public funding of feesmixed
Reliance on the Public Administration for fees could reduce pricing flexibility, while also providing a relatively predictable revenue base 1.
- Digitalisation and automation of caretailwind
Projects such as automated de-blistering and animation and rehabilitation technologies could reduce human error and fall-related risks 1.
Competitive position
The analysed source does not explicitly identify the group's competitors, so the competitive assessment relies on general information in the annual report 1. The group operates in a care services sector where regional regulation and staff training are important factors 1.
The group's differentiation could come from its Clinical Governance Model and technology investments, but the report does not compare these elements with other operators 1.
- La Villa S.p.A.
Parent company that directs and coordinates Eukedos, described in the report as part of a single Italian care services group 1.
- Hiberna Regis S.r.l.
Subsidiary of the Eukedos group, mentioned in the report without details on its main activity 1.
- La Villa Real Estate S.r.l.
Subsidiary of the Eukedos group, mentioned in the report in the context of coordination by the parent company 1.
- Partner emergency transport operators
Bodies such as 118, public assistance organisations and Misericordie are partners in emergency agreements, not direct competitors 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202509 Apr 2026
- Annual report 202407 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Eukedos S.p.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.