The Discounted Cash Flow (DCF) valuation of Itway SpA (ITW.MI) is 5.61 EUR. With the latest stock price at 1.29 EUR, the upside of Itway SpA based on DCF is 334.8%.

Is ITW.MI a buy or a sell?

Based on the latest price of 1.29 EUR and our DCF valuation, Itway SpA (ITW.MI) is a buy. Buying ITW.MI stocks now will result in a potential gain of 334.8%.

	Range	Selected
WACC / Discount Rate	7.1% - 8.8%	8.0%
Long-term Growth Rate	2.5% - 4.5%	3.5%
Fair Price	3.91 - 9.65	5.61
Upside	202.9% - 648.0%	334.8%

1.29 EUR

Stock Price

5.61 EUR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

ITW.MI DCF Valuation: Revenue & Expenses Forecast

(EUR in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	59	59	64	68	75	81
% Growth	20%	1%	7%	7%	10%	9%

Cost of goods sold	(45)	(44)	(46)	(49)	(52)	(56)
% of Revenue	76%	75%	73%	72%	70%	69%

Selling, G&A expenses	(11)	(12)	(12)	(13)	(15)	(16)
% of Revenue	20%	20%	20%	20%	20%	20%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(2)	(2)	(2)	(2)	(3)	(3)
% of Revenue	3%	3%	3%	3%	3%	3%

Tax expense	(0)	(0)	(0)	(0)	(0)	(1)
Tax rate	8%	8%	8%	8%	8%	8%

Net profit	0	1	2	3	5	6
% Margin	1%	2%	4%	5%	6%	7%