FCM Relative Valuation - Friulchem SpA - Alpha Spread

Friulchem SpA
MIL:FCM

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Friulchem SpA
MIL:FCM
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Price: 0.78 EUR
Market Cap: 6.2m EUR
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Relative Value

The Relative Value of one FCM stock under the Base Case scenario is 3.35 EUR. Compared to the current market price of 0.78 EUR, Friulchem SpA is Undervalued by 77%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FCM Relative Value
Base Case
3.35 EUR
Undervaluation 77%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
80
vs Industry
89
Median 3Y
0.3
Median 5Y
0.3
Industry
2.6
Forward
0.2
vs History
vs Industry
1
Median 3Y
82.2
Median 5Y
-20.5
Industry
22.9
Forward
-77.2
vs History
47
vs Industry
26
Median 3Y
2.1
Median 5Y
1.7
Industry
17.6
vs History
vs Industry
Median 3Y
-1.2
Median 5Y
-2.6
Industry
25.2
vs History
93
vs Industry
69
Median 3Y
0.8
Median 5Y
0.9
Industry
2.2
vs History
49
vs Industry
85
Median 3Y
0.3
Median 5Y
0.4
Industry
2.7
Forward
0.3
vs History
47
vs Industry
64
Median 3Y
1.9
Median 5Y
2
Industry
5.4
vs History
41
vs Industry
41
Median 3Y
6.5
Median 5Y
6.6
Industry
13.9
Forward
5.1
vs History
38
vs Industry
22
Median 3Y
15.8
Median 5Y
11.2
Industry
17.3
Forward
13.2
vs History
47
vs Industry
31
Median 3Y
3
Median 5Y
2.6
Industry
16.1
vs History
vs Industry
Median 3Y
-3.5
Median 5Y
-9.1
Industry
18.8
vs History
73
vs Industry
74
Median 3Y
0.5
Median 5Y
0.5
Industry
2

Multiples Across Competitors

FCM Competitors Multiples
Friulchem SpA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IT
Friulchem SpA
MIL:FCM
6.2m EUR 0.2 -27.5 6.4 15.8
JP
Nichi-Iko Pharmaceutical Co Ltd
TSE:4541
776 550.9T JPY 4 211 733 -5 347 888.9 -5 459 134.4 -5 046 864.6
US
Eli Lilly and Co
NYSE:LLY
843.2B USD 21.7 114.8 57.4 64.3
UK
Dechra Pharmaceuticals PLC
LSE:DPH
440.4B GBP 578.3 -15 783.5 3 846.3 17 702.3
DK
Novo Nordisk A/S
CSE:NOVO B
3.5T DKK 13.6 38.9 25.9 29.7
US
Johnson & Johnson
NYSE:JNJ
385.8B USD 4.5 10.1 12.4 16.1
US
Merck & Co Inc
NYSE:MRK
278.3B USD 4.5 20.3 13.7 16.8
UK
AstraZeneca PLC
NASDAQ:AZN
240.2B USD 4.9 37.3 17.1 25.6
CH
Roche Holding AG
SIX:ROG
206.2B CHF 3.5 17.9 10.1 12
CH
Novartis AG
SIX:NOVN
191.4B CHF 4.6 13.8 10.9 16.1
US
Pfizer Inc
NYSE:PFE
162B USD 2.9 -62.4 12.6 20.4
P/E Multiple
Earnings Growth
IT
Friulchem SpA
MIL:FCM
Average P/E: 36.2
Negative Multiple: -27.5
N/A
JP
N
Nichi-Iko Pharmaceutical Co Ltd
TSE:4541
Negative Multiple: -5 347 888.9 N/A
US
Eli Lilly and Co
NYSE:LLY
114.8
425%
UK
Dechra Pharmaceuticals PLC
LSE:DPH
Negative Multiple: -15 783.5 N/A
DK
Novo Nordisk A/S
CSE:NOVO B
38.9
90%
US
Johnson & Johnson
NYSE:JNJ
10.1
-22%
US
Merck & Co Inc
NYSE:MRK
20.3
7 419%
UK
A
AstraZeneca PLC
NASDAQ:AZN
37.3
175%
CH
Roche Holding AG
SIX:ROG
17.9
30%
CH
Novartis AG
SIX:NOVN
13.8
19%
US
Pfizer Inc
NYSE:PFE
Negative Multiple: -62.4
712%

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