Carel Industries SpA
MIL:CRL

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Carel Industries SpA
MIL:CRL
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Price: 26 EUR 1.56% Market Closed
Market Cap: €2.9B

P/FCFE

48.2
Current
10%
Cheaper
vs 3-y average of 53.6

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
48.2
=
Market Cap
€2.9B
/
Free Cash Flow to Equity
€61m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
48.2
=
Market Cap
€2.9B
/
Free Cash Flow to Equity
€61m

Valuation Scenarios

Carel Industries SpA is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (53.6), the stock would be worth €28.9 (11% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-60%
Maximum Upside
+32%
Average Downside
3%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 48.2 €26
0%
3-Year Average 53.6 €28.9
+11%
5-Year Average 51.2 €27.63
+6%
Industry Average 63.6 €34.32
+32%
Country Average 19.4 €10.47
-60%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
IT
Carel Industries SpA
MIL:CRL
2.9B EUR 48.2 39.9
US
Fortune Brands Home & Security Inc
LSE:0IRN
560B USD 3 830.1 1 874
IE
Trane Technologies PLC
NYSE:TT
107.7B USD 43.6 36.9
IE
Johnson Controls International PLC
NYSE:JCI
88.8B USD 376.2 26.1
US
Carrier Global Corp
NYSE:CARR
56.5B USD 67.2 38.1
FR
Compagnie de Saint Gobain SA
PAR:SGO
38.3B EUR 15.5 13.3
SE
Assa Abloy AB
STO:ASSA B
390.3B SEK 33.2 26.6
JP
Daikin Industries Ltd
TSE:6367
6.7T JPY 43.4 24.5
CH
Geberit AG
SIX:GEBN
17.4B CHF 27.7 29.1
US
Lennox International Inc
NYSE:LII
18.3B USD 22.7 22.8
IE
Kingspan Group PLC
ISEQ:KRX
14.2B EUR 63.8 21.1

Market Distribution

Higher than 82% of companies in Italy
Percentile
82nd
Based on 563 companies
82nd percentile
48.2
Low
0.9 — 11.9
Typical Range
11.9 — 28.4
High
28.4 —
Distribution Statistics
Italy
Min 0.9
30th Percentile 11.9
Median 19.4
70th Percentile 28.4
Max 10 354.4

Carel Industries SpA
Glance View

Market Cap
2.9B EUR
Industry
Building

Carel Industries SpA has crafted a niche for itself in the intricate world of climate control and humidification technologies. Born from a deep-seated commitment to innovation, the company operates at the crossroads of energy efficiency and the burgeoning demand for sustainable solutions. Headquartered in Italy, Carel has grown from a small manufacturer to a significant player on the global stage, supplying sophisticated systems that regulate various environmental parameters within buildings and industrial processes. Their advanced solutions include temperature controls for heating, ventilation, air-conditioning, and refrigeration (HVAC/R) systems, as well as specialized electronic components and systems for humidification. Each product is designed to integrate seamlessly into existing infrastructures, showcasing Carel’s ingenuity in combining cutting-edge technology with practical application. At the heart of Carel Industries’ business model is a relentless pursuit of energy conservation and ecological balance, driving both their innovative processes and revenue streams. Through a robust network of sales and technical support teams across numerous countries, the company not only distributes its products worldwide but also ensures they are implemented effectively, enhancing customer satisfaction and fostering long-term relationships. The sale and service of these systems form the backbone of their revenue. Meanwhile, their commitment to research and development holds them in good stead, as they continuously refine and expand their product line to meet the ever-evolving demands of modern infrastructure. In essence, Carel’s profitability thrives on their ability to blend technical proficiency with ecological consciousness, positioning them as leaders in a market increasingly oriented towards sustainability.

CRL Intrinsic Value
16.88 EUR
Overvaluation 35%
Intrinsic Value
Price €26
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