olivLaw · European equity research
Enervit S.p.a. ENV.MI
Italy · Euronext Milan · ISIN IT0004356751 · Vertical: Listed companies from Italy
At the close of 06 Nov 2026, Enervit S.p.a. (ENV.MI) stock was 4.48 EUR (−0.88% on the day), with market capitalisation 79.8 m EUR, P/E 18.7 on diluted EPS of 0.24 EUR over the last 12 months, dividend yield 3.57%, beta 0.29, 52-week range 3.60–5.40 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 27.9
- oversold (≤ 30)
- Bollinger (20, 2)
- 4.45 – 5.13
- in the lower half of the band · %B 0.05 · band width 14.3%
- SMA 50 / 200
- 5.00 / 4.67
- mixed trend
- MACD (12, 26, 9)
- -0.14 / -0.11
- 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 | −10.4% | −0.2% | −10.2 pp | — |
| 3 months | −10.4% | −5.4% | −5.0 pp | — |
| 6 months | −6.9% | +4.4% | −11.2 pp | — |
| Year to date | +24.4% | +6.5% | +18.0 pp | — |
| 1 year | −7.4% | +10.0% | −17.4 pp | −7.1% |
| 3 years | +56.6% | +48.6% | +8.1 pp | +6.7% |
| 5 years | +22.4% | +41.4% | −19.0 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.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 13.9, median 14.2, max 15.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | 85.4 m | 96.7 m | 103.2 m |
| Revenue YoY | unavailable | unavailable | +13.3% | +6.7% |
| Net income | 4.0 k | 4.0 m | 4.1 m | 4.3 m |
| Net income YoY | unavailable | +99,879.7% | +3.0% | +3.2% |
| Diluted EPS | unavailable | 0.23 | 0.23 | 0.24 |
| Diluted EPS YoY | unavailable | unavailable | +3.1% | +3.0% |
| net % | unavailable | 4.7% | 4.3% | 4.1% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 11.8 m EUR
- Financial debt
- 8.0 m EUR
- Net debt
- -3.8 m EUR
- Equity
- 33.8 m EUR
- Total assets
- 70.1 m EUR
- Debt / equity
- 0.24x
- Current ratio
- unavailable
- ROE
- 12.8%
- ROA
- 6.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | — | 85.4 m | 96.7 m | 103.2 m | esef· 09 Apr 2026verified |
| Operating income | — | 5.0 m | 5.5 m | 6.1 m | esef· 09 Apr 2026verified |
| Depreciation & amortisation | — | 3.9 m | 3.6 m | 3.8 m | esef· 09 Apr 2026verified |
| EBITDA | — | 8.9 m ≈ | 9.2 m ≈ | 9.9 m ≈ | esef· 09 Apr 2026derived |
| Interest expense | — | 389.5 k | 515.9 k | 534.3 k | esef· 09 Apr 2026verified |
| Pre-tax income | — | 4.9 m | 5.2 m | 5.6 m | esef· 09 Apr 2026verified |
| Income tax | — | 934.2 k | 1.0 m | 1.4 m | esef· 09 Apr 2026verified |
| Net income | 4.0 k | 4.0 m | 4.1 m | 4.3 m | esef· 09 Apr 2026verified |
| Diluted EPS | — | 0.23 | 0.23 | 0.24 | esef· 09 Apr 2026verified |
| Dividend per share | — | 0.13 | 0.13 | 0.16 | esef· 09 Apr 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 16.8 m | 12.5 m | 10.1 m | 11.8 m | esef· 09 Apr 2026verified |
| Receivables | — | 16.3 m | 18.3 m | 22.6 m | esef· 09 Apr 2026verified |
| Inventories | — | 9.7 m | 13.1 m | 11.3 m | esef· 09 Apr 2026verified |
| Property, plant & equipment, net | — | 13.6 m | 13.5 m | 12.3 m | esef· 09 Apr 2026verified |
| Goodwill | — | 5.8 m | 5.8 m | 5.8 m | esef· 09 Apr 2026verified |
| Total assets | — | 65.0 m | 67.5 m | 70.1 m | esef· 09 Apr 2026verified |
| Accounts payable | — | 19.2 m | 24.1 m | 25.1 m | esef· 09 Apr 2026verified |
| Short-term debt | — | 3.6 m | 3.2 m | 2.0 m | esef· 09 Apr 2026verified |
| Long-term debt | — | 8.5 m | 4.9 m | 6.0 m | esef· 09 Apr 2026verified |
| Equity | 29.4 m | 30.8 m | 32.5 m | 33.8 m | esef· 09 Apr 2026verified |
| Shares outstanding at year end | — | 17.8 m | 17.8 m | 17.8 m | esef· 09 Apr 2026derived |
Cash flow · EUR
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
Score: 67 / 100
A scoring methodology on indicators and valuation, not investment advice.
(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 79.8 m EUR
Key indicators
Coverage and freshness
Score by group
- Quality69
- Returns51
- Balance sheet81
- Valuation58
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.51 – 5.43 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA3.26 – 5.32 (Mid 4.74)7 companies used · median multiple 8.2x · quartiles 5.5x – 9.2xASC.MI, AVIO.MI, BAN.MI, COM.MI, DEX.MI, DLG.MI, ELC.MI
- Peers: P/E1.51 – 5.43 (Mid 3.14)20 companies used · median multiple 13.2x · quartiles 6.3x – 22.7xAC5.MI, ACE.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CIR.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI
- Dividend discount (DDM)2.18 – 2.97 (Mid 2.51)
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
Unattractive profile · Score 67/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 15.2% | 86 (vs peers) | 17% |
| Net margin · Quality | 4.1% | 41 (vs peers) | 10% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -0.4x | 70 (vs peers) | 17% |
| Interest coverage · Balance sheet | 11.4x | 100 (on a fixed band) | 10% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 18.7x | 45 (vs peers) | 17% |
| EV/EBITDA · Valuation | 7.7x | 71 (vs peers) | 17% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 3.6% | 51 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet81/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality69/100 · 2/3 factors with a value
- Returns· partial51/100 · 1/2 factors with a value
- Valuation58/100 · 2/3 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
ENERVIT S.P.A. (ENV.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 103.2 m EUR in 2025; YoY growth 6.7%; net margin 4.1%; ROE 12.8%; net debt/EBITDA -0.4x.
The estimated value range is 2.18–5.32 EUR per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 3.14 EUR, the price of 4.48 EUR leaves a potential of -29.8% (value / price − 1) and a margin of safety of -42.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 67/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 15.2%
- Net debt / EBITDA: -0.4x
- Interest coverage: 11.4x
- EV/EBITDA: 7.7x
What contradicts it
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.
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Current ratio, FCF yield, 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% / +72% |
| DIA.MIDiasorin S.p.a. | 4.4 bn | 29.0 | 9.2% | 13.0% | +0.8% | +34% / −5% |
| 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 | 30.5 | 8.5% | 3.8% | −0.6% | −7% / −57% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 19.0 | 12.8% | 7.1% | −23.0% | +10% / +67% |
| CMB.MICembre S.p.a. | 1.2 bn | 26.4 | 20.6% | 18.9% | +6.7% | +9% / +103% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −23% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 985.3 m | 10.6 | 23.5% | 41.0% | +1.8% | −3% / −22% |
| AVIO.MIAvio S.p.a. | 865.6 m | 85.1 | 2.1% | 1.8% | +21.5% | +16% / +283% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 800.3 m | 6.1 | 17.1% | 7.3% | +1.6% | +6% / +76% |
| ASC.MIAscopiave S.p.a. | 621.5 m | 17.3 | 4.2% | 17.5% | +13.4% | −12% / +27% |
| AC5.MIAcinque S.p.a. | 408.7 m | 19.4 | 4.1% | 3.6% | +0.2% | −7% / +7% |
| BAN.MIBasic Net S.p.a. | 350.2 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 320.4 m | 12.9 | 11.1% | 13.7% | +9.2% | −3% / +10% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 130.1 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 116.6 m | 11.5 | 18.5% | 10.2% | −1.3% | −27% / −33% |
| ENV.MIEnervit S.p.a. | 79.8 m | 18.7 | 12.8% | 4.1% | +6.7% | +18% / +42% |
| ABT.MIAbitare In S.p.a. | 74.9 m | 272.0 | 0.4% | 0.4% | +39.8% | −7% / −48% |
| ELC.MIElica S.p.a. | 63.7 m | — | -7.8% | -2.2% | +1.9% | −35% / −49% |
| DEX.MIDexelance S.p.a. | 52.8 m | 3.0 | 11.0% | 5.4% | +12.6% | −61% / −77% |
| 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 | 5.1 | 10.9% | 3.8% | −2.5% | −5% / −11% |
| AEF.MIAeffe S.p.a. | 10.3 m | 0.5 | 21.9% | 7.7% | −21.3% | −58% / −86% |
1- and 3-year price returns: for ENV.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 | 2.71 Total return -37% · Per year -37% | 4.78 Total return 11% · Per year 11% | 7.19 Total return 65% · Per year 65% |
| 3 years | 2.75 Total return -30% · Per year -11% | 5.44 Total return 34% · Per year 10% | 8.98 Total return 116% · Per year 29% |
| 5 years | 2.78 Total return -23% · Per year -5% | 6.20 Total return 60% · Per year 10% | 11.21 Total return 179% · Per year 23% |
- Exit P/E± 1.36
- Net margin± 0.95
- Annual revenue growth± 0.77
- Annual dilution± 0.08
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
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 202415 Apr 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.