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Eles Semiconductor Equipment SpA
MIL:ELES

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Eles Semiconductor Equipment SpA
MIL:ELES
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Price: 3.19 EUR Market Closed
Market Cap: €62.1m

P/FCFE

17.1
Current
59%
More Expensive
vs 3-y average of 10.8

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
17.1
=
Market Cap
€56.7m
/
Free Cash Flow to Equity
€3.3m

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
17.1
=
Market Cap
€56.7m
/
Free Cash Flow to Equity
€3.3m

Valuation Scenarios

Eles Semiconductor Equipment SpA is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (10.8), the stock would be worth €2.01 (37% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-46%
Maximum Upside
+769%
Average Upside
175%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 17.1 €3.19
0%
3-Year Average 10.8 €2.01
-37%
5-Year Average 9.2 €1.71
-46%
Industry Average 148.3 €27.73
+769%
Country Average 19.4 €3.63
+14%

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
Eles Semiconductor Equipment SpA
MIL:ELES
56.7m EUR 17.1 -6 301.8
NL
ASML Holding NV
AEX:ASML
471.1B EUR 44.4 46.1
US
Lam Research Corp
NASDAQ:LRCX
321B USD 61.2 47.9
US
Applied Materials Inc
NASDAQ:AMAT
308.8B USD 49.2 39.4
US
KLA Corp
NASDAQ:KLAC
226.4B USD 54.7 49.7
US
Brooks Automation Inc
LSE:0HQ1
210.4B USD 7 025.7 -3 636.7
JP
Tokyo Electron Ltd
TSE:8035
21.8T JPY 79.4 43.2
JP
Advantest Corp
TSE:6857
20.2T JPY 68.6 70
CN
NAURA Technology Group Co Ltd
SZSE:002371
389.1B CNY 55.4 70.5
US
Teradyne Inc
NASDAQ:TER
53.9B USD 83.2 97.3
JP
Disco Corp
TSE:6146
7.8T JPY 79.7 57.8
P/E Multiple
Earnings Growth PEG
IT
E
Eles Semiconductor Equipment SpA
MIL:ELES
Average P/E: 58
Negative Multiple: -6 301.8
N/A N/A
NL
ASML Holding NV
AEX:ASML
46.1
20%
2.3
US
Lam Research Corp
NASDAQ:LRCX
47.9
24%
2
US
Applied Materials Inc
NASDAQ:AMAT
39.4
20%
2
US
KLA Corp
NASDAQ:KLAC
49.7
22%
2.3
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 636.7 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
43.2
13%
3.3
JP
Advantest Corp
TSE:6857
70
50%
1.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
70.5
N/A N/A
US
Teradyne Inc
NASDAQ:TER
97.3
44%
2.2
JP
Disco Corp
TSE:6146
57.8
N/A N/A

Market Distribution

In line with most companies in Italy
Percentile
46th
Based on 563 companies
46th percentile
17.1
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

Eles Semiconductor Equipment SpA
Glance View

Market Cap
62.1m EUR
Industry
Semiconductors

ELES Semiconductor Equipment SpA engages in the design and manufacture of performance test systems and equipment for the semiconductor industry. The company is headquartered in Todi, Perugia and currently employs 108 full-time employees. The company went IPO on 2019-06-19. The firm develops specific solutions for design, qualification and manufacturing of memories, full digital or mixed signal Systems on Chip (SOC), Advanced Driver-Assistance Systems (ADAS), u-embedded memory, smart power, smart leds and Micro Electrical-Mechanical Systems (MEMS). Its test approach, RETE (Reliability Embedded Test Engineering) covers the design, quality and manufacturing processes. The firm also provides a wide range of market-related services. The Company’s solutions and services are mostly used in markets, such as automotive, avionics, aerospace, defense, industrial, communications and Internet of Things (IOT).

ELES Intrinsic Value
3.77 EUR
Undervaluation 15%
Intrinsic Value
Price €3.19
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