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Italian value-fashion retailer selling affordable clothing for men, women and children through stores across Italy and Europe.
Italian value-fashion retailer selling affordable clothing for men, women and children through stores across Italy and Europe.
Sells its own-brand clothing through directly run stores and franchisees, so profit depends on keeping stock fresh and limiting discounts; franchise partners abroad add reach with less capital. Footfall and inventory control matter more than any single product.
In one line: An Italian H&M/Old Navy for value fashion.
Moat: none (scale, brand, distribution). Largest Italian value-apparel retail network, but a low-margin, highly competitive fast-fashion category.
Headquarters: Venice-Mestre, Italy · Founded: 1972 · Employees: 7,249
Size OVS (OVS.MI) is an Italy Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $1.74B, the 62nd largest of 123 Italy companies the cockpit tracks. Shares closed at €6.10 on 6 Nov 2026.
Performance Over six months the shares gained 15.0%, against -6.6% for the median peer and +3.1% for the Italy market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 10.1% over the last twelve months (peer median +6.5%); the operating margin is 6.6% (peer median 7.4%).
Valuation It trades at 14.8× forward earnings against a peer median of 14.6× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.8 points below its cost of capital (8.5% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.83B | €1.75B | €1.63B | €1.54B | €1.51B |
| Revenue growth | — | +7% | +6% | +1% | — |
| Gross profit | €457M | €423M | €381M | €333M | €297M |
| EBITDA | €376M | €344M | €291M | €269M | €229M |
| Net income | €84.2M | €48.4M | €52.0M | €52.3M | €39.2M |
| Free cash flow | €271M | €237M | €205M | €219M | €182M |
| Capital expenditure | €83.6M | €80.7M | €85.9M | €95.5M | €80.7M |
| Total debt | n/a | €1.43B | €1.29B | €1.26B | €1.32B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| OVS OVS.MI | $1.74B | +15% | +10% | 7% | 14.8× | 12.8% |
| H&M Hennes & Mauritz HM-B.ST | $29.1B | +12% | -4% | 9% | 22.3× | 4.5% |
| Industria de Diseno Textil ITX.MC | $206B | +20% | +6% | 20% | 27.3× | 15.3% |
| Associated British Foods ABF.L | $18.7B | +11% | +1% | 7% | 13.5× | 7.8% |
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 | OVS.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.3% | +3.7% | 9th highest of 21 |
| 6-month return | +15.0% | -6.6% | 5th highest of 20 |
| Distance from 52-week high | -6.7% | -29.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +10.1% | +6.5% | 7th highest of 21 |
| Operating margin | 6.6% | 7.4% | 10th lowest of 21 |
| Forward P/E | 14.8× | 14.6× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 12.8% | 4.3% | 8th most demanding of 19 |
| Growth delivered (Del g) | +11.4% | +7.6% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | +1.4 pp | -7.2 pp | 6th most demanding of 18 |
| ROIC minus cost of capital | -4.8 pp | +1.6 pp | 4th lowest of 20 |
| EV / EBITDA | 8.0× | 8.0× | 10th cheapest of 19 |
| Net debt / EBITDA | 3.8× | 0.9× | 4th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| OVS OVS.MI | Italy | $1.74B | +15% | +10% | 7% | 14.8× | 12.8% | +11.4% |
| PAL 2726.T | Japan | $1.58B | -4% | +7% | 11% | 13.6× | -15.4% | +16.7% |
| Premier Investments PMV.AX | Australia | $1.57B | +22% | -3% | 14% | 14.9× | 9.4% | -11.0% |
| Modivo MDV.WA | Poland | $2.01B | +29% | +4% | 2% | 34.1× | 23.3% | +15.9% |
| Capri CPRI | United States | $2.12B | +11% | -14% | 3% | 9.4× | 21.3% | -3.1% |
| Buckle BKE | United States | $2.16B | -20% | +6% | 22% | 10.3× | -5.2% | +7.6% |
| Metro Brands METROBRAND.NS | India | $2.39B | -20% | +16% | 19% | 49.2× | 34.1% | +29.1% |
| Sailvan Times 301381.SZ | China | $2.39B | +25% | +14% | 4% | 25.4× | 14.9% | +17.6% |
| Carter's CRI | United States | $1.17B | -9% | +5% | 10% | 9.9× | -13.2% | -0.8% |
| Reformation REF | United States | $1.07B | n/a | +16% | 6% | 57.7× | n/a | n/a |
| Aditya Birla Lifestyle Brands ABLBL.NS | India | $995M | -35% | +7% | 7% | 32.4× | 22.2% | n/a |
| Winmark WINA | United States | $944M | -29% | +9% | 60% | 23.9× | 7.7% | +5.4% |
| AOKI 8214.T | Japan | $912M | +10% | 0% | 8% | n/a | -5.3% | +6.3% |
| American Eagle Outfitters AEO | United States | $3.34B | +19% | +8% | 9% | 11.1× | 0.9% | +8.1% |
| AND ST HD 2685.T | Japan | $900M | +2% | +3% | 6% | 12.0× | -15.3% | +10.6% |
| Brainbees Solutions FIRSTCRY.NS | India | $883M | -33% | +12% | -2% | 194.4× | 20.1% | +39.8% |
| Topsports International 6110.HK | Hong Kong | $882M | -62% | -3% | 5% | 6.1× | -20.9% | -7.2% |
| Boot Barn BOOT | United States | $3.92B | -20% | +17% | 14% | 14.6× | 14.3% | +20.3% |
| Nishimatsuya Chain 7545.T | Japan | $725M | -6% | +5% | 5% | 13.8× | -21.2% | +3.9% |
| AOYAMA TRADING 8219.T | Japan | $704M | -7% | -2% | 6% | 13.3× | -1.6% | +3.2% |
| V2 Retail V2RETAIL.NS | India | $672M | -20% | +49% | 9% | 20.2× | n/a | n/a |