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CSP International Fashion Group (CSP) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €11.7M

CI CSP International Fashion Group CSP · MI
Price€0.2880
Fair Value€0.5500
Upside+91.0%
Quality46/100
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Weak Growth
Loss-making · -0.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Narrow moat 23/100
Evidence: Medium Range €0.3600 – €0.6900 Share as image

Fair value as of: Jul 24, 2026

From 8 valuation models · updated 17 days ago

Share price +0.7% over the past month.

Below-average quality, screening 91% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€0.3600). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€0.3600 to €0.6900) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€0.4640 €0.2670 Fair Value €0.5500 Apr 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 €0.2670 – €0.4640 · fair‑value band €0.3600 – €0.6900 · the €0.2880 price screens below the €0.5500 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

CSP International Fashion Group (CSP) currently trades at €0.2880, while our model-based Fair Value estimate is €0.5500, implying the stock looks roughly 91.0% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, CSP International Fashion Group generated revenue of €86.7M at a net margin of -0.8%. Revenue declined 2.0% year over year. It earns a return on equity of -1.4%. Fundamentals as of Jul 24, 2026

Our scenario range runs from €0.3600 (bear case) to €0.6900 (bull case); at €0.2880, the current price sits below 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 16% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 91%, CSP 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
ROIC Compounder €0.3100 €0.3200 €0.3300 72
Gordon GGM €0.2300 €0.2500 €0.2700 70
DDM Multi-Stage €0.2300 €0.2700 €0.3100 61
All 8 models by family
Earnings-Based
EPV €0.3100 €0.3200 €0.3300 59
Dividend Discount
Gordon GGM €0.2300 €0.2500 €0.2700 70
DDM Multi-Stage €0.2300 €0.2700 €0.3100 61
Multiples
EV/EBIT €0.6500 €0.8000 €0.9500 53
EV/EBITDA €1.14 €1.46 €1.78 54
EV/Revenue €0.5000 €0.6300 €0.7600 43
Asset-Based
NCAV (Graham) €0.6600 €0.8900 €1.32 50
Economic Profit
ROIC Compounder €0.3100 €0.3200 €0.3300 72

Widest divergence: Asset-Based (€0.8900) versus Dividend Discount (€0.2500). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €86.7M
Revenue growth (YoY) -2.0%
Net margin -0.8%
Return on equity -1.4%
Free cash flow −€1.6M FY2025
Operating margin 7.2%
More key figures
EPS (TTM) €-0.0200
EPS growth (YoY) -27.6%

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 45

Profitability 32
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 20
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

CSP International Fashion Group S.p.A. produces and sells hosiery and underwear in Italy, France, European Union, and internationally. It offers knitwear and articles of corsets and swimwear for women and men's. The company provides its products under the Cagi, Liberti, Well, Cagi, Libertie, Welle, Perofìle, LunadiSeta brand names.

Full company description

CSP International Fashion Group S.p.A. produces and sells hosiery and underwear in Italy, France, European Union, and internationally. It offers knitwear and articles of corsets and swimwear for women and men's. The company provides its products under the Cagi, Liberti, Well, Cagi, Libertie, Welle, Perofìle, LunadiSeta brand names. The company also exports its products. The company was founded in 1973 and is based in Ceresara, Italy.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CSP International Fashion Group reported revenue of €86.7M in FY2025 versus €91.0M in FY2021, a compound −1.2%/yr. Reported net income was −€710K in FY2025.

Growth Quality 7/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€86.7M
Latest YoY
−2.5%
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.
−2.7%
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.
+0.9%
Avg. growth/yr (25Y) 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.
−2.8%
Revenue −1.2%/yr
FY21 €91.0M
FY22 €94.2M
FY23 €91.5M
FY24 €88.9M
FY25 €86.7M
Net income
FY21 €751K
FY22 €544K
FY23 €109K
FY24 −€365K
FY25 −€710K

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Cite: Fair Value Calculator (2026). "CSP International Fashion Group Fair Value". https://www.fairvalue-calculator.com/stock/CSP

Peer Group

Apparel Manufacturing · 212 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 46 · Below median
Fair Value upside +91% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 7% · Above median
Revenue growth -2% · Below median
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
EV/EBITDA 2.5× · Cheaper 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 100 · sector 32
FUTURE 0 · sector 4
PAST 0 · sector 21
HEALTH 98 · sector 98
DIVIDEND 0 · sector 49

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is CSP International Fashion Group (CSP) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of €0.5500 versus a price of €0.2880, about +91% (undervalued).
What is the fair value of CSP?
Our model-based fair value for CSP International Fashion Group is €0.5500 (as of Jul 24, 2026), built from audited fundamentals. The current price is €0.2880.
What is the quality score of CSP?
CSP International Fashion Group has a Quality Score of 46/100. 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 CSP International Fashion Group (CSP)?
CSP International Fashion Group reported trailing-twelve-month revenue of about €86.7M (latest available figure, as of Jul 24, 2026).
What is the net profit margin of CSP?
The net profit margin of CSP International Fashion Group is about -0.8%, 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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