olivLaw · European equity research
Webuild S.p.a. WBD.MI
Italy · Euronext Milan · ISIN IT0003865570 · Vertical: Listed companies from Italy
At the close of 06 Nov 2026, Webuild S.p.a. (WBD.MI) stock was 2.13 EUR (+1.92% on the day), with market capitalisation 2.1 bn EUR, P/E 8.9 on diluted EPS of 0.24 EUR over the last 12 months, dividend yield 4.37%, beta 1.28, 52-week range 1.87–3.66 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 60.5
- strong (55–70)
- Bollinger (20, 2)
- 1.78 – 2.20
- in the upper half of the band · %B 0.82 · band width 21.4%
- SMA 50 / 200
- 2.00 / 2.44
- mixed trend
- MACD (12, 26, 9)
- 0.05 / 0.02
- MACD above 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 | +12.4% | −0.2% | +12.5 pp | — |
| 3 months | −7.9% | −5.4% | −2.5 pp | — |
| 6 months | −21.4% | +4.4% | −25.8 pp | — |
| Year to date | −37.9% | +6.5% | −44.3 pp | — |
| 1 year | −34.5% | +10.0% | −44.4 pp | −7.1% |
| 3 years | +23.7% | +48.6% | −24.9 pp | +6.7% |
| 5 years | −1.9% | +41.4% | −43.4 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 0 percentile of its own 3-quarter history (min 14.1, median 14.2, max 14.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 9.3 bn | 11.0 bn | 12.6 bn |
| Revenue YoY | unavailable | +18.7% | +14.6% |
| Net income | 124.0 m | 194.5 m | 239.8 m |
| Net income YoY | unavailable | +56.8% | +23.3% |
| Diluted EPS | 0.13 | 0.20 | 0.24 |
| Diluted EPS YoY | unavailable | +53.8% | +20.0% |
| net % | 1.3% | 1.8% | 1.9% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 2.4 bn EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 1.8 bn EUR
- Total assets
- 17.8 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 1.04x
- ROE
- 12.8%
- ROA
- 1.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 9.3 bn | 11.0 bn | 12.6 bn | esef· 07 Apr 2026verified |
| Operating income | 450.6 m | 522.6 m | 648.8 m | esef· 07 Apr 2026verified |
| Depreciation & amortisation | 401.3 m | 407.6 m | 501.2 m | esef· 07 Apr 2026verified |
| EBITDA | 851.9 m ≈ | 930.2 m ≈ | 1.1 bn ≈ | esef· 07 Apr 2026derived |
| Interest expense | 244.8 m | 299.8 m | 276.2 m | esef· 07 Apr 2026verified |
| Pre-tax income | 263.5 m | 362.1 m | 382.4 m | esef· 07 Apr 2026verified |
| Income tax | 125.1 m | 162.6 m | 189.7 m | esef· 07 Apr 2026verified |
| Net income | 124.0 m | 194.5 m | 239.8 m | esef· 07 Apr 2026verified |
| Diluted EPS | 0.13 | 0.20 | 0.24 | esef· 07 Apr 2026verified |
| Dividend per share | 0.07 | 0.08 | 0.09 | esef· 07 Apr 2026derived |
≈ 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 | 3.1 bn | 3.2 bn | 2.4 bn | esef· 07 Apr 2026verified |
| Inventories | 229.1 m | 242.7 m | 302.1 m | esef· 07 Apr 2026verified |
| Current assets | 13.2 bn | 14.7 bn | 13.9 bn | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 915.9 m | 1.5 bn | 2.0 bn | esef· 07 Apr 2026verified |
| Goodwill | 80.3 m | 84.9 m | 75.9 m | esef· 07 Apr 2026verified |
| Intangibles (excl. goodwill) | 383.0 m | 279.8 m | 206.1 m | esef· 07 Apr 2026verified |
| Total assets | 16.2 bn | 18.2 bn | 17.8 bn | esef· 07 Apr 2026verified |
| Current liabilities | 12.3 bn | 13.8 bn | 13.3 bn | esef· 07 Apr 2026verified |
| Equity | 1.7 bn | 1.9 bn | 1.8 bn | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 953.9 m | 972.4 m | 999.4 m | esef· 07 Apr 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 1.9 bn | 1.1 bn | 308.2 m | esef· 07 Apr 2026verified |
| Investing cash flow | -452.9 m | -886.7 m | -960.9 m | esef· 07 Apr 2026verified |
| Financing cash flow | -282.7 m | -93.6 m | 17.8 m | esef· 07 Apr 2026verified |
| Dividends paid | 63.2 m | 74.4 m | 92.9 m | esef· 07 Apr 2026verified |
| Share repurchases | 7.1 m | 8.4 m | 9.0 m | esef· 07 Apr 2026verified |
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: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 2.1 bn EUR
Key indicators
Coverage and freshness
Score by group
33% · 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: 1.26 – 5.45 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/E1.52 – 5.45 (Mid 3.16)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)1.26 – 1.72 (Mid 1.46)
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: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 1.9% | 31 (vs peers) | 19% |
| 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 | 2.3x | 13 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 1.0x | 20 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | 8.9x | 73 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 4.8% | 69 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet16/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial31/100 · 1/3 factors with a value
- Returns· partial69/100 · 1/2 factors with a value
- Valuation· partial73/100 · 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
WEBUILD S.P.A. (WBD.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 12.6 bn EUR in 2025; YoY growth 14.6%; net margin 1.9%; ROE 14.2%.
The estimated value range is 1.39–3.59 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 2.31 EUR, the price of 2.13 EUR leaves a potential of 8.6% (value / price − 1) and a margin of safety of 7.9% (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: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 8.9x
What contradicts it
- Interest coverage: 2.3x
- Current ratio: 1.0x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, 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% |
| WBD.MIWebuild S.p.a. | 2.1 bn | 8.9 | 14.2% | 1.9% | +14.6% | −37% / +15% |
| 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% |
| 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 WBD.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 | 1.38 Total return -31% · Per year -31% | 2.44 Total return 20% · Per year 20% | 3.65 Total return 78% · Per year 78% |
| 3 years | 1.63 Total return -11% · Per year -4% | 3.20 Total return 68% · Per year 19% | 5.23 Total return 168% · Per year 39% |
| 5 years | 1.92 Total return 13% · Per year 2% | 4.20 Total return 131% · Per year 18% | 7.48 Total return 296% · Per year 32% |
- Exit P/E± 0.80
- Net margin± 0.56
- Annual revenue growth± 0.42
- Annual dilution± 0.05
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 202507 Apr 2026
- Annual report 202424 Sept 2025
- Annual report 202424 Sept 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.