Amplifon S.p.A.
Health Care company listed on Borsa Italiana. Business description not available yet.
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Looks undervalued
5-year outlook: Not shown because confidence is low: Earnings-based DCF disagrees strongly.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.
Market price below modeled range
Showing the EV/EBITDA (12x) you selected on the company card, using 3% growth, 2.9% terminal growth and 10.5% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 3% (limited from 22.74% because the latest annual revenue declined), discount rate 10.50%, terminal growth 2.90%. See a worked example.
Blended growth assumption: 22.7% (sector default 6.8%, own revenue history 4.2%, analyst revenue consensus 40.0%).
Analyst consensus expects revenue growth of 40.8% a year; the growth assumption used is 3.0%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — EUR 11.45 (+2.5%)
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EPS-based Gordon proxy
— EUR 5.62 (-49.7%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— EUR 11.45 (+2.5%)
Not used: Free cash flow is 3.2x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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FCFF (steady state)
— EUR 11.37 (+1.8%)
Not used: Free cash flow is 3.2x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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EV/EBITDA (12x)
— EUR 20.76 (+85.9%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— EUR 11.44 (+2.5%)
Not used: Free cash flow is 3.2x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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EV/Sales (Rule of 40)
— EUR 45.72 (+309.3%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear EUR 16.16 | 30.9% |
| Base EUR 20.76 | 46.2% |
| Bull EUR 25.37 | 56.0% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 72 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +3.2% a year | 12 / 20 |
| Balance sheet | net debt 2.2x EBITDA | 10 / 20 |
| Margins | EBITDA margin 20% | 10 / 20 |
Peers in Health Care
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| AMP.MI (this company) | EUR 11.17 | 8.7% | 41.1 | – | 2.6% | 72 |
| CNC Centene Corporation | USD 72.02 | 43.3% | 24.4 | 1.6 | – | 72 |
| ZEAL.CO Zealand Pharma A/S | DKK 231.10 | 37.0% | 6.0 | 0.9 | – | 72 |
| CI Cigna | USD 295.59 | 30.1% | 12.2 | 1.8 | 2.1% | 70 |
| BAVA.CO Bavarian Nordic A/S | DKK 238.20 | 13.0% | 11.7 | 1.4 | – | 92 |
| CVS CVS Health | USD 81.72 | 12.0% | 9.5 | 1.3 | 3.2% | 70 |
| ZBH Zimmer Biomet | USD 106.85 | 0.5% | 26.6 | 1.6 | 0.9% | 90 |
| GSK.L GSK plc | GBP 18.47 | -3.0% | 17.3 | 4.0 | 3.6% | 92 |
| SAN.PA Sanofi | EUR 82.41 | -3.9% | 12.9 | – | 4.8% | 92 |
| Peer median | 12.5 | 1.6 | ||||
Annual financial statement
Saved annual report · Fiscal year 2025 · Yahoo Finance annual statements · period ended 31 Dec 2025
| Revenue | EUR 2,395,705,000 |
|---|---|
| EBITDA | EUR 506,536,000 |
| EBIT | EUR 191,459,000 |
| Net income | EUR 91,334,000 |
| Free cash flow | EUR 296,358,000 |
| Capital expenditures | EUR -118,409,000 |
| Debt | EUR 1,820,811,000 |
| Cash | EUR 308,882,000 |
| Working capital | EUR -493,340,000 |
| Shares outstanding | 219,937,482 |
| Reported dividends per share | EUR 0.2900 |