olivLaw · European equity research
F.i.l.a - Fabbrica Italiana Lapis Ed Affini - Societa' Per Azioni Siglabile In Forma F.i.l.a. S.p.a. O In Forma Abbreviata Con La Dicituara Anticipata Dal Simbolo Del Giglio Stilizzato FILA.MI
Italy · Euronext Milan · ISIN IT0004967292 · Vertical: Listed companies from Italy
At the close of 06 Nov 2026, F.i.l.a - Fabbrica Italiana Lapis Ed Affini - Societa' Per Azioni Siglabile In Forma F.i.l.a. S.p.a. O In Forma Abbreviata Con La Dicituara Anticipata Dal Simbolo Del Giglio Stilizzato (FILA.MI) stock was 8.90 EUR (+1.89% on the day), with market capitalisation 459.5 m EUR, P/E 31.8 on diluted EPS of 0.28 EUR over the last 12 months, beta 0.59, 52-week range 8.00–10.91 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 21.8
- oversold (≤ 30)
- Bollinger (20, 2)
- 8.62 – 11.52
- in the lower half of the band · %B 0.10 · band width 28.8%
- SMA 50 / 200
- 10.36 / 9.52
- mixed trend
- MACD (12, 26, 9)
- -0.43 / -0.27
- 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 | −16.7% | −0.2% | −16.6 pp | — |
| 3 months | −11.8% | −5.4% | −6.4 pp | — |
| 6 months | −1.4% | +4.4% | −5.8 pp | — |
| Year to date | −8.8% | +6.5% | −15.3 pp | — |
| 1 year | −5.4% | +10.0% | −15.4 pp | −7.1% |
| 3 years | +20.3% | +48.6% | −28.3 pp | +6.7% |
| 5 years | −19.1% | +41.4% | −60.5 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 50 percentile of its own 2-quarter history (min 6.6, median 20.7, max 34.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 764.6 m | 779.2 m | 612.6 m | 572.2 m |
| Revenue YoY | unavailable | +1.9% | −21.4% | −6.6% |
| Net income | 25.3 m | 170.6 m | 81.8 m | 14.5 m |
| Net income YoY | unavailable | +575.3% | −52.1% | −82.3% |
| Diluted EPS | unavailable | unavailable | 1.57 | 0.28 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | −82.2% |
| net % | 3.3% | 21.9% | 13.3% | 2.5% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- unavailable EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 579.7 m EUR
- Total assets
- 1.0 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 2.70x
- ROE
- 2.4%
- ROA
- 1.3%
- 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 | 764.6 m | 779.2 m | 612.6 m | 572.2 m | esef· 07 Apr 2026verified |
| Operating income | 72.7 m | 78.5 m | 63.9 m | 59.1 m | esef· 07 Apr 2026verified |
| Depreciation & amortisation | 42.2 m | 41.9 m | 34.9 m | 32.1 m | esef· 07 Apr 2026verified |
| EBITDA | 115.0 m ≈ | 120.4 m ≈ | 98.7 m ≈ | 91.2 m ≈ | esef· 07 Apr 2026derived |
| Interest expense | 49.5 m | 45.2 m | 38.0 m | 47.5 m | esef· 07 Apr 2026verified |
| Pre-tax income | 38.6 m | 209.3 m | 106.8 m | 26.5 m | esef· 07 Apr 2026verified |
| Net income | 25.3 m | 170.6 m | 81.8 m | 14.5 m | esef· 07 Apr 2026verified |
| Diluted EPS | — | — | 1.57 | 0.28 | esef· 07 Apr 2026verified |
≈ 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) |
|---|---|---|---|---|---|
| Receivables | 115.4 m | 99.8 m | 95.0 m | 90.8 m | esef· 07 Apr 2026verified |
| Inventories | 307.1 m | 264.4 m | 257.4 m | 227.3 m | esef· 07 Apr 2026verified |
| Current assets | 547.6 m | 503.8 m | 534.2 m | 439.5 m | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 166.2 m | 123.3 m | 108.7 m | 103.3 m | esef· 07 Apr 2026verified |
| Total assets | 1.2 bn | 1.2 bn | 1.2 bn | 1.0 bn | esef· 07 Apr 2026verified |
| Accounts payable | 122.4 m | 105.7 m | 110.8 m | 94.0 m | esef· 07 Apr 2026verified |
| Current liabilities | 268.6 m | 187.6 m | 156.7 m | 162.6 m | esef· 07 Apr 2026verified |
| Equity | 427.7 m | 574.0 m | 632.8 m | 579.7 m | esef· 07 Apr 2026verified |
| Shares outstanding at year end | — | — | 50.8 m | 51.6 m | esef· 07 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
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 459.5 m EUR
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
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: 1.77 – 6.36 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/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E1.77 – 6.36 (Mid 3.68)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)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
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: 5 of at least 6; score weight coverage: 35.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 2.5% | 31 (vs peers) | 18% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -9.2% | 0 (on a fixed band) | 24% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 1.2x | 0 (on a fixed band) | 18% |
| Current ratio · Balance sheet | 2.7x | 100 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | 31.8x | 14 (vs peers) | 29% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| 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 sheet40/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial31/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial14/100 · 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
F.I.L.A - FABBRICA ITALIANA LAPIS ED AFFINI - SOCIETA' PER AZIONI SIGLABILE IN FORMA F.I.L.A. S.P.A. O IN FORMA ABBREVIATA CON LA DICITUARA ANTICIPATA DAL SIMBOLO DEL GIGLIO STILIZZATO (FILA.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 572.2 m EUR in 2025; YoY growth -6.6%; net margin 2.5%; ROE 2.4%.
The estimated value range is 1.77–6.36 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 3.68 EUR, the price of 8.90 EUR leaves a potential of -58.6% (value / price − 1) and a margin of safety of -141.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.7x
What contradicts it
- Revenue CAGR 3Y: -9.2%
- Interest coverage: 1.2x
- P/E (TTM): 31.8x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, 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% / +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% |
| FILA.MIF.i.l.a - Fabbrica Italiana Lapis Ed Affini - Societa' Per Azioni Siglabile In Forma F.i.l.a. S.p.a. O In Forma Abbreviata Con La Dicituara Anticipata Dal Simbolo Del Giglio Stilizzato | 459.5 m | 31.8 | 2.4% | 2.5% | −6.6% | −9% / +11% |
| 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% |
| 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 FILA.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 | 4.76 Total return -47% · Per year -47% | 8.46 Total return -5% · Per year -5% | 12.79 Total return 44% · Per year 44% |
| 3 years | 3.78 Total return -58% · Per year -25% | 7.63 Total return -14% · Per year -5% | 12.79 Total return 44% · Per year 13% |
| 5 years | 3.00 Total return -66% · Per year -20% | 6.89 Total return -23% · Per year -5% | 12.79 Total return 44% · Per year 8% |
- Exit P/E± 1.91
- Net margin± 1.34
- Annual revenue growth± 1.21
- Annual dilution± 0.11
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 202507 Apr 2026
- Annual report 202302 Apr 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.