Which companies are Adventure's closest peers?

The cockpit's peer set: Jiayun Technology (300242.SZ), Qinghai Spring Medicinal Resources Technology (600381.SS), S4 Capital (SFOR.L), Advantage Solutions (ADV), Boston Omaha (BOC), Rego Interactive (2422.HK), Xi'An Global Printing (002799.SZ), Simei Media (002712.SZ).

Is Adventure expensive compared with its peers?

On ev / sales it trades at 18.8× against a peer median of 2.5×, most expensive of 21 in its peer set.

How has Adventure stock performed?

Over six months to 6 Nov 2026 the shares returned -78.5% against -15.1% for the median peer; over one year -65.1%.

← CockpitCompetitor Analysis › ADV.MI Adventure SpAOpen in the cockpit ↗

Adventure SpAADV.MICompetitor analysis, valuation and peers

Italy · EUR·Communication Services›Advertising/Marketing Services

Momentum laggard 1

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$368M

US dollars, full cap

Free float

30%

of shares outstanding

$/day

$207,206

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-10.3 pp

WACC 6.3%

Hurdle

n/a

no reverse DCF

Next earnings

117 days

3 Mar 2027

Close · EUR€5.58

1D+1.6%

1W-2.4%

1M-84.0%

3M-70.3%

6M-78.5%

YTD-74.5%

1Y-65.1%

ATR %38.9%

52w lowhigh86.2% off high

What Adventure does

No business profile yet.

Adventure at a glance

Size Adventure (ADV.MI) is an Italy Communication Services company (Advertising/Marketing Services) with a market value of $368M, the 119th largest of 123 Italy companies the cockpit tracks. Shares closed at €5.58 on 6 Nov 2026.

Performance Over six months the shares fell 78.5%, against -15.1% for the median peer and +3.1% for the Italy market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 35.7% over the last twelve months (peer median -4.2%); the operating margin is -5.5% (peer median 0.8%).

Valuation It trades at 18.8× enterprise value to sales against a peer median of 2.5× (most expensive of 21).

Capital Return on invested capital runs 10.3 points below its cost of capital (6.3% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Adventure against the median of its 20 peers (local-currency closes).

Adventure financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	€18.1M	€16.7M	€11.2M	€8.07M	€2.78M
Revenue growth	—	+49%	+39%	+191%	—
Gross profit	-€4.49M	-€1.15M	€3.78M	€3.44M	€2.05M
EBITDA	€2.92M	€3.04M	€1.68M	€1.76M	€398,290
Net income	-€1.34M	-€169,000	€63,000	€829,606	€227,870
Free cash flow	n/a	-€3.09M	-€547,000	€642,000	-€61,020
Capital expenditure	n/a	€4.21M	€3.91M	€1.03M	€54,967
Total debt	n/a	€12.0M	€4.13M	€2.48M	€891,365

Quarterly statements and history in the cockpit →

Adventure competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Adventure is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Adventure is the large dot.

Adventure competitors and peer comparison

How Adventure compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Adventure against its 20 peers (data as of 6 Nov 2026)
Measure	ADV.MI	Peer median	Rank in peer set
1-month return	-84.0%	+0.2%	lowest of 21
6-month return	-78.5%	-15.1%	lowest of 21
Distance from 52-week high	-86.2%	-35.1%	lowest of 21
Revenue growth (TTM)	+35.7%	-4.2%	3rd highest of 21
Operating margin	-5.5%	0.8%	5th lowest of 20
EV / Sales	18.8×	2.5×	most expensive of 21
ROIC minus cost of capital	-10.3 pp	-3.8 pp	6th lowest of 20
Net debt / EBITDA	3.5×	0.9×	2nd most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Adventure ADV.MI	Italy	$368M	-79%	+36%	-6%	18.8×	n/a	n/a
Jiayun Technology 300242.SZ	China	$355M	-20%	-59%	-4%	2.6×	n/a	n/a
Qinghai Spring Medicinal Resources Technology 600381.SS	China	$345M	+12%	-11%	-44%	8.6×	n/a	n/a
S4 Capital SFOR.L	United Kingdom	$343M	-6%	-6%	5%	0.5×	-7.2%	+17.1%
Advantage Solutions ADV	United States	$405M	-21%	+2%	2%	0.5×	11.2%	+2.3%
Boston Omaha BOC	United States	$410M	+20%	-2%	-5%	4.5×	n/a	n/a
Rego Interactive 2422.HK	Hong Kong	$443M	+105%	+96%	-5%	6.3×	n/a	n/a
Xi'An Global Printing 002799.SZ	China	$305M	-26%	-23%	1%	2.8×	n/a	n/a
Simei Media 002712.SZ	China	$454M	+7%	+14%	0%	0.4×	32.2%	+14.2%
Next 15 NFG.L	United Kingdom	$458M	+23%	-14%	8%	0.7×	8.4%	+13.8%
INNOCEAN Worldwide 214320.KS	South Korea	$518M	-11%	+2%	8%	0.3×	n/a	n/a
Beijing Yuanlong Yato Culture Dissemination 002878.SZ	China	$557M	-27%	-21%	-2%	1.5×	-2.9%	+8.6%
Septeni 4293.T	Japan	$585M	+7%	+8%	17%	2.4×	-2.7%	+11.1%
VECTOR 6058.T	Japan	$605M	+64%	+9%	16%	1.3×	-3.9%	+11.3%
oOh media OML.AX	Australia	$611M	+28%	+2%	15%	2.9×	7.8%	+10.1%
Shanxi Kexin Development 600234.SS	China	$649M	-32%	-23%	-11%	12.8×	n/a	n/a
Chengdu B-Ray Media 600880.SS	China	$672M	-20%	-33%	-35%	9.8×	57.3%	-2.9%
New Huadu Technology Co., Ltd.Class A 002264.SZ	China	$676M	-23%	+8%	5%	1.2×	5.7%	-9.3%
Guangdong Insight Brand Marketing 300781.SZ	China	$683M	-19%	-29%	n/a	6.7×	31.8%	+14.4%
QITIAN Technology 300061.SZ	China	$699M	-21%	-18%	-22%	13.1×	49.7%	-22.3%
GMO internet,Inc 4784.T	Japan	$724M	-34%	+81%	12%	1.2×	-11.2%	+17.9%

Questions

Which companies are Adventure's closest peers?: The cockpit's peer set: Jiayun Technology (300242.SZ), Qinghai Spring Medicinal Resources Technology (600381.SS), S4 Capital (SFOR.L), Advantage Solutions (ADV), Boston Omaha (BOC), Rego Interactive (2422.HK), Xi'An Global Printing (002799.SZ), Simei Media (002712.SZ).
Is Adventure expensive compared with its peers?: On ev / sales it trades at 18.8× against a peer median of 2.5×, most expensive of 21 in its peer set.
How has Adventure stock performed?: Over six months to 6 Nov 2026 the shares returned -78.5% against -15.1% for the median peer; over one year -65.1%.