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Doxee S.p.A (DOX) Fair Value & Analysis

Technology · IT · Market cap €48.5M

DS Doxee S.p.A DOX · MI
Price€3.99
Fair Value€2.20
Upside-44.9%
Quality92/100
Evidence: Low Range €1.65 – €2.75

Fair value as of: Jun 24, 2026

From 5 valuation models · updated 5 days ago

Share price −12.6% over the past month.

Price vs Fair Value (12 months)

€5.00 €1.71 Fair Value €2.20 Jun 2025 Jun 2026

12‑month range €1.71 – €5.00 · fair‑value band €1.65 – €2.75 · the €3.99 price screens above the €2.20 fair value. As of Jun 24, 2026.

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Analysis

Doxee S.p.A (DOX) currently trades at €3.99, while our model-based Fair Value estimate is €2.20 — implying the stock looks roughly 44.9% overvalued today. We read business quality at 92/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Over the trailing twelve months, Doxee S.p.A generated revenue of €33.6M at a net margin of 1.0%. Revenue grew 11.9% year over year. It earns a return on equity of 4.0%. Net debt stands at €17.0M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €33.6M
Revenue growth (YoY) +11.9%
Net margin 1.0%
Return on equity 4.0%
Free cash flow −€1.4M FY2024
P/E ratio 139.7
More key figures
Operating margin 4.3%
EPS (TTM) €0.0300
EPS growth (YoY) -33.9%
Net debt €17.0M FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Doxee S.p.A., a high-tech company, provides services for customer communications management (CCM), paperless, and digital customer experience markets. The company provides Document Experience, a CCM product for managing business processes related to data transformation and document production, distribution, and archiving; and Paperless Experience for dematerialization and digital transformation of documents, such as electronic invoicing, digital preservation, electronic ordering, and electronic signature products. It also offers Interactive Experience products, such as Doxee Pvideo for personalized and interactive videos; Doxee Pweb, a personalized micro-site; Doxee Booster for marketing automation; and Doxee Content Hub that allows to create, manage, and distribute personalized content. The company serves utilities, telecommunications and media, banking, government, and insurance industries. The company was formerly known as Ebilling S.p.A. and changed its name to Doxee S.p.A. in 2…

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Doxee S.p.A reported revenue of €28.1M in FY2024 versus €17.7M in FY2020, a compound +12.2%/yr. Reported net income was −€3.7M in FY2024.

Revenue +12.2%/yr
FY20 €17.7M
FY21 €20.8M
FY22 €25.5M
FY23 €25.2M
FY24 €28.1M
Net income
FY20 €1.6M
FY21 €1.8M
FY22 €1.2M
FY23 −€5.3M
FY24 −€3.7M

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Frequently asked questions

Is Doxee S.p.A (DOX) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €2.20 versus a price of €3.99 — about −45% (overvalued). Model-based estimate, not financial advice.
What is the fair value of DOX?
Our 21-model fair value for Doxee S.p.A is €2.20 (as of Jun 24, 2026), built from audited fundamentals. The current price is €3.99.
What is the quality score of DOX?
Doxee S.p.A has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Doxee S.p.A (DOX)?
Doxee S.p.A reported trailing-twelve-month revenue of about €33.6M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of DOX?
The net profit margin of Doxee S.p.A is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.