Fiera Milano SpA
MIL:FM

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Fiera Milano SpA
MIL:FM
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Price: 8.24 EUR 2.23% Market Closed
Market Cap: €592.6m

EV/EBIT

5.6
Current
73%
Cheaper
vs 3-y average of 21

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.6
=
Enterprise Value
€370.9m
/
EBIT
€71.7m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.6
=
Enterprise Value
€370.9m
/
EBIT
€71.7m

Valuation Scenarios

Fiera Milano SpA is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (21), the stock would be worth €30.75 (273% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+273%
Average Upside
144%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 5.6 €8.24
0%
3-Year Average 21 €30.75
+273%
5-Year Average 10.3 €15.1
+83%
Industry Average 12.4 €18.14
+120%
Country Average 11.2 €16.33
+98%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€370.9m
/
Jan 2026
€71.7m
=
5.6
Current
€370.9m
/
Dec 2026
€51.5m
=
7.2
Forward
€370.9m
/
Dec 2027
€77.1m
=
4.8
Forward
€370.9m
/
Dec 2028
€53.6m
=
6.9
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IT
Fiera Milano SpA
MIL:FM
584.4m EUR 5.6 11.6
US
Cintas Corp
NASDAQ:CTAS
71.5B USD 29.6 37.8
US
Copart Inc
NASDAQ:CPRT
32.5B USD 16.3 20.9
AU
Brambles Ltd
ASX:BXB
30.4B AUD 16.4 22.1
CA
Ritchie Bros Auctioneers Inc
TSX:RBA
26.6B CAD 29.1 51.2
US
RB Global Inc
F:J1F
16.2B EUR 28.2 49.5
US
Aurora Innovation Inc
NASDAQ:AUR
10.1B USD -9.9 -12.4
FR
Spie SA
PAR:SPIE
8B EUR 15.3 45.4
FR
Elis SA
PAR:ELIS
6.2B EUR 16 17
US
VSE Corp
NASDAQ:VSEC
6.3B USD 68.7 538.3
DK
Iss A/S
CSE:ISS
39.2B DKK 11.6 14.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IT
Fiera Milano SpA
MIL:FM
Average EV/EBIT: 23.7
5.6
-9%
N/A
US
Cintas Corp
NASDAQ:CTAS
29.6
11%
2.7
US
Copart Inc
NASDAQ:CPRT
16.3
5%
3.3
AU
Brambles Ltd
ASX:BXB
16.4
10%
1.6
CA
Ritchie Bros Auctioneers Inc
TSX:RBA
29.1
24%
1.2
US
RB Global Inc
F:J1F
28.2
24%
1.2
US
Aurora Innovation Inc
NASDAQ:AUR
Negative Multiple: -9.9 N/A N/A
FR
Spie SA
PAR:SPIE
15.3
14%
1.1
FR
Elis SA
PAR:ELIS
16
12%
1.3
US
VSE Corp
NASDAQ:VSEC
68.7
46%
1.5
DK
Iss A/S
CSE:ISS
11.6
8%
1.5
P/E Multiple
Earnings Growth PEG
IT
Fiera Milano SpA
MIL:FM
Average P/E: 80.8
11.6
-14%
N/A
US
Cintas Corp
NASDAQ:CTAS
37.8
11%
3.4
US
Copart Inc
NASDAQ:CPRT
20.9
5%
4.2
AU
Brambles Ltd
ASX:BXB
22.1
10%
2.2
CA
Ritchie Bros Auctioneers Inc
TSX:RBA
51.2
48%
1.1
US
RB Global Inc
F:J1F
49.5
48%
1
US
Aurora Innovation Inc
NASDAQ:AUR
Negative Multiple: -12.4 N/A N/A
FR
Spie SA
PAR:SPIE
45.4
54%
0.8
FR
Elis SA
PAR:ELIS
17
14%
1.2
US
VSE Corp
NASDAQ:VSEC
538.3
146%
3.7
DK
Iss A/S
CSE:ISS
14.7
18%
0.8

Market Distribution

Lower than 82% of companies in Italy
Percentile
18th
Based on 760 companies
18th percentile
5.6
Low
0.9 — 7.7
Typical Range
7.7 — 14.9
High
14.9 —
Distribution Statistics
Italy
Min 0.9
30th Percentile 7.7
Median 11.2
70th Percentile 14.9
Max 472.1

Fiera Milano SpA
Glance View

Fiera Milano SpA engages in the exhibition and congress sectors. The company is headquartered in Rho, Milano. The company went IPO on 2002-12-12. Its business activities are divided into five segments. The Italian Exhibitions segment covers the organization and hosting of exhibitions, such as the use, promotion and offer of furnished exhibition spaces. The Foreign Exhibitions includes the activities associated with exhibitions and end services for exhibitors. The Stand-fitting services segment encompasses the activities of Nolostand SpA stand-fitting services, technical services and all exhibition site services for exhibitions and congresses. The Media segment covers the production of content and supply of on line and off line publishing services, as well as the organization of events and congresses. The company also includes publishing and digital services, events and training. The Congresses segment covers the management of conferences and events.

FM Intrinsic Value
13.06 EUR
Undervaluation 37%
Intrinsic Value
Price €8.24
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