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Fila SpA (FILA) Fair Value & Analysis

Industrials · IT · Market cap €544M · ISIN IT0004967292

What is Fila SpA really worth?

FS Fila SpA FILA · MI
Price€10.52
Fair Value€7.14
Upside−32.1%
Quality59/100

A solid business, but trading 47% above our fair value of €7.14.

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Strengths

Low debt · generates free cash flow
Ranks above peers (10/14)

Risks

!Weak Growth (revenue 5y −1.3 %/yr)
!Thin margins · 5.0% net margin
!Moderate moat 47/100
!Weak on past: 21 out of 100
Evidence: High Range €5.36 – €8.93

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Share price +10.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€8.93). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

€10.91 €5.33 Fair Value €7.14 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €5.33 – €10.91 · fair‑value band €5.36 – €8.93 · the €10.52 price screens above the €7.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Fila SpA (FILA) currently trades at €10.52, while our model-based Fair Value estimate is €7.14, implying the stock looks roughly 47.3% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of €10.65 per share, and 10 of the 24 models we run sit above the €10.52 price. Bear case: the Dividend Discount group reads lowest at €2.83, and 14 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Fila SpA generated revenue of €567M at a net margin of 3.0%. Revenue declined 5.2% year over year. It earns a return on equity of 3.1%. Net debt stands at €136M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €5.36 (bear case) to €8.93 (bull case); at €10.52, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −62% fair-value upside, at −32%, FILA screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.2242 per share, which is 3.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence €7.71 €10.63 €14.55 81
Growth DCF €7.93 €10.65 €14.12 79
Owner Earnings €4.72 €6.72 €9.42 77
All 24 models by family
DCF Models
FCF DCF best evidence €7.71 €10.63 €14.55 81
Owner Earnings €4.72 €6.72 €9.42 77
5Y Revenue Exit €8.95 €14.20 €20.92 72
5Y EBITDA Exit €12.63 €20.57 €29.81 75
5Y P/E Exit €4.85 €7.09 €9.39 71
10Y Revenue Exit €8.03 €12.28 €17.31 67
10Y EBITDA Exit €10.41 €16.17 €22.97 68
10Y P/E Exit €6.01 €7.96 €9.95 65
Earnings-Based
Graham-Dodd €2.31 €4.57 €5.73 66
EPV €7.65 €8.96 €10.04 74
Dividend Discount
Gordon GGM €2.14 €2.86 €3.52 69
DDM Multi-Stage €2.14 €2.83 €3.55 67
Multiples
P/E Multiple €5.36 €7.14 €8.93 63
P/S Multiple €4.34 €5.78 €7.23 58
P/B Multiple €4.34 €5.78 €7.23 55
EV/EBIT €15.83 €21.74 €27.64 66
EV/EBITDA €19.02 €25.99 €32.96 67
EV/Revenue €10.75 €16.18 €21.60 53
Asset-Based
NCAV (Graham) €6.77 €9.07 €13.53 54
Growth DCF
Growth DCF €7.93 €10.65 €14.12 79
Rev-Margin DCF €8.95 €14.35 €20.28 72
Economic Profit
Residual Income €9.19 €8.80 €6.76 76
ROIC Compounder €7.65 €8.96 €10.04 72
Growth Earnings
Growth-Adj P/E €3.87 €5.53 €7.19 67

Widest divergence: Growth DCF (€10.65) versus Dividend Discount (€2.83). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 8.5 as of Aug 13, 2026
P/S ratio 0.21 P/E × margin
EPS (TTM) €1.27 price ÷ EPS = P/E 8.5
Net margin 2.5% FY2025
Return on equity 5.3% TTM
Return on assets (EBIT) 6.1% avg 5y
More key figures
Profitability
Operating margin 23.8% TTM
Growth
Revenue (TTM) €605M TTM
Revenue growth (YoY) +20.7% 3y avg −9.3%
EPS growth (YoY) −69.7%
Balance sheet & cash flow
Free cash flow €47.5M FY2025
Net debt €136M FY2025 · ≈ 2.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 75

Profitability 32
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and markets colouring, design, modelling, writing, and painting objects in Europe, North America, Central/South America, Asia, and internationally.

Full company description

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and markets colouring, design, modelling, writing, and painting objects in Europe, North America, Central/South America, Asia, and internationally. It offers, crayons, modelling clays, chalks, oil colors, acrylics, watercolors, paints, and paper products for the fine arts, school, and leisure sectors. The company provides its products under the GIOTTO, DAS, LYRA, Canson, Maimeri, Daler-Rowney Lukas, Ticonderoga, Pacon, Strathmore, Princeton, and Arches brands. It sells its products through its branches and sales offices to wholesalers, office and school suppliers, supermarkets, retailers, distributors, promotional, B2B operators, and others. F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. was founded in 1920 and is headquartered in Pero, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fila SpA reported revenue of €572M in FY2025 versus €656M in FY2021, a compound −3.4%/yr. Reported net income was €14.5M in FY2025, compounding −21.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€572M
Latest YoY
−6.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.3%
Avg. revenue growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+0.2% (0.2 + 0.0)
Revenue −3.4%/yr
FY21 €656M
FY22 €767M
FY23 €779M
FY24 €613M
FY25 €572M
Net income −21.5%/yr
FY21 €38.0M
FY22 €25.3M
FY23 €171M
FY24 €81.8M
FY25 €14.5M

FILA screens 47% overvalued. Compare with GRG Banking Equipment Co →

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Cite: Fair Value Calculator (2026). "Fila SpA Fair Value". https://www.fairvalue-calculator.com/stock/FILA

Peer Group

Business Equipment & Supplies · 74 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside −32% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 5% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 24% · Top 25%
Revenue growth 21% · Top 25%
Dividend yield (TTM) 7.6% · Top 25%
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/B 1.10× · Cheaper than median
P/S (TTM) 1.04× · Pricier than median
P/FCF 13.3× · Pricier than 75% of peers
EV/EBITDA 6.8× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 30
FUTURE100 · sector 19
PAST21 · sector 19
HEALTH83 · sector 98
DIVIDEND100 · sector 52

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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GRG Banking Equipment Co 002152 ¥9.85 ¥9.65 −2%
Shanghai M&G Stationery Inc 603899 ¥22.25 ¥30.05 +35%
XGD Inc 300130 ¥17.93 ¥19.69 +10%
DOMS Industries Limited DOMS ₹2,215 ₹782.96 −65%
Hengbao Co 002104 ¥11.82 ¥2.09 −82%
Shaanxi Fenghuo Electronics Co 000561 ¥7.72 ¥1.75 −77%
Shenzhen Comix Group 002301 ¥7.99 ¥3.01 −62%
Shandong New Beiyang Information Technology Co 002376 ¥6.75 ¥2.10 −69%
Cashway Fintech Co 603106 ¥7.21 ¥1.68 −77%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥11.00 ¥21.12 +92%

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Frequently asked questions

Is Fila SpA (FILA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €7.14 versus a price of €10.52, about −32% upside (overvalued).
What is the fair value of FILA?
Our model-based fair value for Fila SpA is €7.14 (as of Aug 13, 2026), built from audited fundamentals. The current price: €10.52.
What is the quality score of FILA?
Fila SpA has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fila SpA (FILA)?
Fila SpA reported trailing-twelve-month revenue of about €567M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of FILA?
The net profit margin of Fila SpA is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
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