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← CockpitCompetitor Analysis › DIA.MI DiaSorin S.p.A.Open in the cockpit ↗

DiaSorin S.p.A.DIA.MICompetitor analysis, valuation and peers

Italy · EUR·Health Care›Medical Specialties

Italian in-vitro diagnostics maker of immunodiagnostic and molecular test kits and analyzers for infectious disease and other conditions.

≈ A mid-cap diagnostics maker like Quidel OrthoMomentum leader 87
Mkt cap
$5.00B
US dollars, full cap
Free float
39%
of shares outstanding
$/day
$11.8M
20-day average traded
Fwd P/E
20.6×
forward earnings
ROIC−WACC
+2.7 pp
WACC 6.2%
Hurdle
-2 pp
Req g minus delivered
Next earnings
126 days
12 Mar 2027
Close · EUR€82.64
1D+2.5%
1W+2.6%
1M+9.6%
3M+7.9%
6M+19.0%
YTD+20.4%
1Y+39.5%
ATR %2.4%
52w lowhigh0.1% off high

What DiaSorin does

Italian in-vitro diagnostics maker of immunodiagnostic and molecular test kits and analyzers for infectious disease and other conditions.

Places analyzers in laboratories, often on loan or lease, and earns from the test kits the analyzers consume, so each installed machine produces repeat revenue; the more tests offered on one analyzer, the more reason a lab has to stay. The 2021 purchase of Luminex added a molecular-testing platform.

In one line: A mid-cap diagnostics maker like Quidel Ortho.

Products and services

  • Immunodiagnostics (LIAISON)
  • Molecular diagnostics (PCR)
  • Licensed technologies
  • Life sciences testing

Customers

  • Hospital labs
  • Reference labs
  • Blood banks

Where it sits in the supply chain

  • Healthcare diagnostics
  • In-vitro diagnostics
  • Immunoassay & molecular testing

What could go right

  • Infectious disease testing demand
  • Menu expansion into new assays

What could go wrong

  • Reimbursement pressure on lab testing
  • Post-COVID testing volume normalization

Moat: narrow (installed base, switching costs, IP / patents). Closed-system analyzers lock customers into DiaSorin's proprietary reagents once installed.

Headquarters: Saluggia, Italy · Founded: 1968 · Employees: 3,272

Named competitors

DiaSorin at a glance

Size DiaSorin (DIA.MI) is an Italy Health Care company (Medical Specialties) with a market value of $5.00B, the 45th largest of 123 Italy companies the cockpit tracks. Shares closed at €82.64 on 6 Nov 2026.

Performance Over six months the shares gained 19.0%, against +27.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 3.1% over the last twelve months (peer median +6.9%); the operating margin is 23.6% (peer median 13.3%).

Valuation It trades at 20.6× forward earnings against a peer median of 19.7× (8th most expensive of 19).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.7 points above its cost of capital (6.2% WACC).

Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026Peer median 130DIA.MI 117
Six months, rebased to 100: DiaSorin against the median of its 20 peers (local-currency closes).

DiaSorin financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€1.18B€1.20B€1.19B€1.15B€1.36B
Revenue growth—+1%+3%-16%—
Gross profit€683M€700M€708M€669M€827M
EBITDA€405M€433M€407M€351M€502M
Net income€141M€156M€188M€160M€241M
Free cash flow€238M€281M€307M€266M€336M
Capital expenditure€130M€138M€120M€113M€114M
Total debtn/a€791M€1.01B€1.19B€1.35B

Quarterly statements and history in the cockpit →

DiaSorin 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

0%+50%+100%+150%-10%0%+10%+20%LIVNMMSIMMEDGRALHAESHC300677ICUIITGR002223688617CDNAFIETECNNVST7747YPSNTFXCTECPLSEDIA.MI6-month return →1-month return →
Up and to the right = strong over both horizons. DiaSorin is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%20×40×LIVNMMSIMMEDHAESHC300677ICUIITGR002223688617CDNAFIETECN7747YPSNTFXDIA.MIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. DiaSorin is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%LIVNMMSISHC300677ICUIITGR002223688617FIETECNNVST7747TFXDIA.MIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. DiaSorin is the large dot.

DiaSorin competitors and peer comparison

Head to head with its named competitors (DIA.MI vs ABT vs SHL.DE vs BIM.PA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
DiaSorin DIA.MI$5.00B+19%-3%24%20.6×4.1%
Abbott Laboratories ABT$190B+30%+10%14%18.8×5.6%
Siemens Healthineers SHL.DE$55.9B+31%-1%15%18.9×9.0%
bioMerieux BIM.PA$12.4B+29%-3%15%20.9×8.9%

How DiaSorin 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.

DiaSorin against its 20 peers (data as of 6 Nov 2026)
MeasureDIA.MIPeer medianRank in peer set
1-month return+9.6%+10.1%11th highest of 21
6-month return+19.0%+27.7%8th lowest of 21
Distance from 52-week high-0.1%-10.1%highest of 21
Revenue growth (TTM)-3.1%+6.9%4th lowest of 20
Operating margin23.6%13.3%5th highest of 21
Forward P/E20.6×19.7×8th most expensive of 19
Growth the price implies (Req g, 7 yrs)4.1%11.9%3rd least demanding of 17
Growth delivered (Del g)+6.3%+8.6%6th lowest of 17
Hurdle (Req g minus delivered)-2.2 pp+2.4 pp4th least demanding of 17
ROIC minus cost of capital+2.7 pp+2.2 pp9th highest of 20
EV / EBITDA13.1×15.4×6th cheapest of 15
Net debt / EBITDA2.1×1.1×7th most indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
DiaSorin DIA.MIItaly$5.00B+19%-3%24%20.6×4.1%+6.3%
LivaNova LIVNUnited States$4.96B+25%+12%13%19.9×11.5%+8.2%
Merit Medical Systems MMSIUnited States$5.23B+42%+9%14%19.4×12.2%+9.5%
MiniMed MMEDUnited States$4.70B+44%+14%14%25.5×n/an/a
GRAIL GRALUnited States$5.42B+67%+23%-323%n/an/an/a
Haemonetics HAEUnited States$5.46B+118%0%18%21.6×10.9%+8.9%
Sotera Health SHCUnited States$4.57B+1%+7%37%15.4×13.7%+7.3%
Intco Medical Technology 300677.SZChina$4.40B-20%+33%20%14.7×-4.7%-6.4%
ICU Medical ICUIUnited States$4.30B+36%-9%7%19.5×22.1%+11.9%
Integer ITGRUnited States$4.30B+44%0%9%18.8×19.6%+11.5%
Jiangsu Yuyue Medical Equipment & Supply 002223.SZChina$4.26B-1%-1%13%20.4×5.1%+3.4%
APT Medical 688617.SSChina$5.95B+20%+28%37%38.5×8.7%+40.1%
CareDx CDNAUnited States$4.13B+260%+39%1%53.2×n/an/a
Fielmann FIE.DEGermany$4.12B+3%+3%14%17.8×-5.3%+11.3%
Tecan TECN.SWSwitzerland$4.05B+91%-4%1%40.1×46.9%+3.8%
Envista NVSTUnited States$4.04B+4%+12%11%15.6×6.8%+7.1%
Asahi Intecc 7747.TJapan$6.28B+13%+21%31%26.0×13.6%+18.8%
Ypsomed YPSN.SWSwitzerland$6.35B+30%-2%25%30.1×11.5%+12.6%
Teleflex TFXUnited States$6.39B+13%-14%11%16.8×17.8%-4.7%
ConvaTec CTEC.LUnited Kingdom$6.44B+22%+2%16%16.7×15.6%+4.6%
Pulse Biosciences PLSEUnited States$3.87B+179%n/a-7,008%n/an/an/a

Questions

Who are DiaSorin's main competitors?
Named competitors: Roche Diagnostics (private or unlisted), Abbott Laboratories (ABT), Siemens Healthineers (SHL.DE), bioMerieux (BIM.PA), Hologic (private or unlisted). The cockpit's measured peer set (industry) also includes LivaNova (LIVN), Merit Medical Systems (MMSI), MiniMed (MMED), GRAIL (GRAL), Haemonetics (HAE), Sotera Health (SHC).
Is DiaSorin expensive compared with its peers?
On forward p/e it trades at 20.6× against a peer median of 19.7×, 8th most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has DiaSorin stock performed?
Over six months to 6 Nov 2026 the shares returned +19.0% against +27.7% for the median peer; over one year +39.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.