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Employees: 860
Size Fiera Milano (FM.MI) is an Italy Industrials company (Miscellaneous Commercial Services) with a market value of $581M, the 103rd largest of 123 Italy companies the cockpit tracks. Shares closed at €7.23 on 6 Nov 2026.
Performance Over six months the shares fell 15.3%, against -24.8% for the median peer and +3.1% for the Italy market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 46.0% over the last twelve months (peer median +14.0%); the operating margin is 22.4% (peer median 6.3%).
Valuation It trades at 15.3× forward earnings against a peer median of 16.5× (6th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +39%, so the hurdle is -45 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (8.8% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €448M | €380M | €273M | €284M | €220M |
| Revenue growth | — | +39% | -4% | +29% | — |
| Gross profit | €262M | €208M | €129M | €145M | €97.4M |
| EBITDA | €153M | €121M | €78.4M | €93.3M | €59.1M |
| Net income | €76.9M | €50.3M | €19.3M | €45.5M | -€5.60M |
| Free cash flow | €87.1M | €154M | €54.2M | €94.0M | €27.5M |
| Capital expenditure | €8.55M | €8.51M | €4.64M | €6.33M | €3.84M |
| Total debt | n/a | €340M | €344M | €453M | €485M |
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.
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.
| Measure | FM.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | -7.6% | 7th highest of 21 |
| 6-month return | -15.3% | -24.8% | 10th highest of 21 |
| Distance from 52-week high | -21.3% | -42.6% | 4th highest of 21 |
| Revenue growth (TTM) | +46.0% | +14.0% | 2nd highest of 21 |
| Operating margin | 22.4% | 6.3% | 3rd highest of 21 |
| Forward P/E | 15.3× | 16.5× | 6th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | -5.8% | 8.1% | 4th least demanding of 12 |
| Growth delivered (Del g) | +38.8% | +12.5% | highest of 12 |
| Hurdle (Req g minus delivered) | -44.6 pp | -0.7 pp | least demanding of 12 |
| ROIC minus cost of capital | +9.8 pp | -0.6 pp | 2nd highest of 19 |
| EV / EBITDA | 4.6× | 4.8× | cheapest of 5 |
| Net debt / EBITDA | 1.1× | -0.1× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fiera Milano FM.MI | Italy | $581M | -15% | +46% | 22% | 15.3× | -5.8% | +38.8% |
| PayPoint PAY.L | United Kingdom | $580M | +25% | +8% | 21% | 9.2× | -15.9% | +21.4% |
| Shenzhen Manst Technology 301325.SZ | China | $578M | -38% | -62% | -38% | 21.3× | n/a | n/a |
| Shenzhen Longtech Smart Control 300916.SZ | China | $589M | -27% | -2% | 3% | n/a | n/a | n/a |
| CECEP Techand Ecology and Environment 300197.SZ | China | $571M | +8% | +21% | -271% | n/a | 29.2% | -26.5% |
| SIS SIS.NS | India | $570M | -4% | +25% | 3% | 13.4× | 3.4% | +11.9% |
| Baotou INST Magnetic New Materials 301622.SZ | China | $570M | -40% | +3% | -1% | n/a | n/a | n/a |
| Shanghai FourSemi Semiconductor 3625.HK | Hong Kong | $592M | -69% | +3% | -16% | n/a | n/a | n/a |
| Winstek Semiconductor 3265.TWO | Taiwan | $593M | -24% | +15% | 20% | n/a | n/a | n/a |
| Jiangsu Chuanzhiboke Education Technology 003032.SZ | China | $569M | +43% | +60% | -18% | 36.9× | n/a | n/a |
| Beijing Telesound Electronics 003004.SZ | China | $568M | +45% | +26% | -1% | n/a | n/a | n/a |
| GlobalData DATA.L | United Kingdom | $564M | -37% | +9% | 31% | 10.3× | -7.8% | +12.5% |
| Sichuan Joyou Digital Technologies 301172.SZ | China | $563M | -40% | +18% | 4% | n/a | 57.4% | +6.3% |
| Jiangxi First Hydraulic 301446.SZ | China | $601M | -5% | +33% | 10% | n/a | n/a | n/a |
| China Testing & Certification International 603060.SS | China | $602M | -25% | -6% | 4% | 31.2× | 12.0% | +12.1% |
| Plus Alpha Consulting 4071.T | Japan | $602M | +3% | +13% | 39% | 17.9× | 2.9% | +29.3% |
| Xinjiang Baihuacun Pharam Tech 600721.SS | China | $560M | +15% | -19% | 10% | n/a | 36.3% | +36.9% |
| Suzhou Electrical Apparatus Science Academy 300215.SZ | China | $605M | -36% | +8% | 9% | n/a | 8.1% | -4.9% |
| Hunan SUND Technological 301548.SZ | China | $557M | -42% | +23% | 21% | 19.9× | 18.4% | +13.8% |
| Premium 7199.T | Japan | $556M | +18% | +21% | 20% | 12.4× | -13.1% | +20.6% |
| Qingdao Paguld Intelligent Manufacturing 301456.SZ | China | $555M | -26% | +29% | 13% | 15.1× | n/a | n/a |