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Autostrade Meridionali S.p.A (AUTME) Fair Value & Analysis

Industrials · IT · Market cap €11.9M

AM Autostrade Meridionali S.p.A AUTME · MI
Price€2.68
Fair Value€3.84
Upside+43.3%
Quality58/100
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Weak Growth
Loss-making · -48.6% net margin
negative free cash flow
Trails peers (3/8)
Narrow moat 12/100
Evidence: Low Range €2.53 – €4.80 Share as image

Fair value as of: Jul 24, 2026

From 1 valuation models · updated 17 days ago

Share price −4.3% over the past month.

A solid business, screening 43% undervalued on our models.

What matters now

  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€2.53 to €4.80) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€33.17 €2.20 Fair Value €3.84 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range €2.20 – €33.17 · fair‑value band €2.53 – €4.80 · the €2.68 price screens below the €3.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Autostrade Meridionali S.p.A (AUTME) currently trades at €2.68, while our model-based Fair Value estimate is €3.84, implying the stock looks roughly 43.3% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Autostrade Meridionali S.p.A generated revenue of €944K at a net margin of -48.6%. It earns a return on equity of -2.6%. The balance sheet holds a net cash position of €28.1M. Fundamentals as of Jul 24, 2026

Our scenario range runs from €2.53 (bear case) to €4.80 (bull case); at €2.68, the current price sits within 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 about 11% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 43%, AUTME screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
NCAV (Graham) €2.03 €2.73 €4.07 50
All 1 models by family
Asset-Based
NCAV (Graham) €2.03 €2.73 €4.07 50

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Key figures & financial health

Revenue (TTM) €944K
Revenue growth (YoY) -98.4%
Net margin -48.6%
Return on equity -2.6%
Free cash flow −€1.6M FY2025
Operating margin -788%
More key figures
EPS (TTM) €-0.1000
EPS growth (YoY) -38.5%
Net cash €28.1M FY2023

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 60 · Market factors (momentum, volatility) 50

Profitability 5
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Autostrade Meridionali S.p.A. engages in the design, construction, and operation of Naples-Pompeii-Salerno motorway in Italy. Autostrade Meridionali S.p.A. was founded in 1925 and is based in Naples, Italy. The company operates as a subsidiary of Autostrade per l'Italia S.p.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Autostrade Meridionali S.p.A reported revenue of €0 in FY2025 versus €90.1M in FY2021. Reported net income was −€459K in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
€6.7M
Latest YoY
−66.0%
Avg. 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.
−53.4%
Avg. 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.
−40.6%
Avg. growth/yr (20Y) 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.
−11.0%
Revenue
FY21 €90.1M
FY22 €19.7M
FY23 €6.7M
FY24 €0
FY25 €0
Net income
FY21 €16.0M
FY22 €15.8M
FY23 €1.5M
FY24 €337K
FY25 −€459K
Character of growth · EPS growth decomposed (2013-2023) +23.1 % p.a.
Revenue per share −6.7 pp

of which total revenue −6.7 pp · buybacks/dilution +0.0 pp

EBIT margin +9.2 pp
Tax rate +5.4 pp
Residual (interest, one-offs) +15.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Autostrade Meridionali S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/AUTME

Peer Group

Engineering & Construction · 839 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 58 · Above median
Fair Value upside +43% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -49% · Bottom 25%
Revenue growth -98% · Bottom 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.77× · Cheaper than median
P/S (TTM) 14.57× · Pricier than 75% of peers

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.

VALUE 91 · sector 16
FUTURE 0 · sector 17
PAST 0 · sector 26
HEALTH 0 · sector 94
DIVIDEND 0 · sector 33

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Autostrade Meridionali S.p.A (AUTME) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of €3.84 versus a price of €2.68, about +43% (undervalued).
What is the fair value of AUTME?
Our model-based fair value for Autostrade Meridionali S.p.A is €3.84 (as of Jul 24, 2026), built from audited fundamentals. The current price is €2.68.
What is the quality score of AUTME?
Autostrade Meridionali S.p.A has a Quality Score of 58/100. 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 Autostrade Meridionali S.p.A (AUTME)?
Autostrade Meridionali S.p.A reported trailing-twelve-month revenue of about €944K (latest available figure, as of Jul 24, 2026).
What is the net profit margin of AUTME?
The net profit margin of Autostrade Meridionali S.p.A is about -48.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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