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Elica S.p.A (ELC) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €70.9M

ES Elica S.p.A ELC · MI
Price€1.18
Fair Value€2.44
Upside+106.8%
Quality50/100
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Weak Growth
Loss-making · -2.7% net margin
Moderate debt · generates free cash flow
Trails peers (4/13)
Narrow moat 15/100
Evidence: Medium Range €1.71 – €3.15 Share as image

Fair value as of: Jul 15, 2026

From 12 valuation models · updated 26 days ago

Share price −0.8% over the past month.

A solid business, screening 107% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€1.71). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€1.71 to €3.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€3.31 €1.07 Fair Value €2.44 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €1.07 – €3.31 · fair‑value band €1.71 – €3.15 · the €1.18 price screens below the €2.44 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Elica S.p.A (ELC) currently trades at €1.18, while our model-based Fair Value estimate is €2.44, implying the stock looks roughly 106.8% undervalued today. The Quality Score stands at 50/100 (solid 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, Elica S.p.A generated revenue of €458M at a net margin of -2.7%. Revenue declined 6.4% year over year. It earns a return on equity of -6.3%. Net debt stands at €52.7M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €1.71 (bear case) to €3.15 (bull case); at €1.18, 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 36% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 107%, ELC 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
Growth DCF €1.57 €1.93 €2.52 80
Rev-Margin DCF €1.66 €2.45 €3.45 74
Gordon GGM €0.3600 €0.4100 €0.4600 70
All 12 models by family
DCF Models
FCF DCF €1.54 €1.92 €2.60 38
5Y Revenue Exit €1.66 €2.40 €3.52 39
5Y EBITDA Exit €1.87 €2.76 €3.98 41
10Y Revenue Exit €1.55 €2.11 €2.73 36
10Y EBITDA Exit €1.70 €2.31 €2.98 37
Dividend Discount
Gordon GGM €0.3600 €0.4100 €0.4600 70
DDM Multi-Stage €0.3600 €0.4400 €0.5200 61
Multiples
EV/EBITDA €2.53 €3.41 €4.29 54
EV/Revenue €1.92 €2.80 €3.67 43
Asset-Based
NCAV (Graham) €1.03 €1.38 €2.06 50
Growth DCF
Growth DCF €1.57 €1.93 €2.52 80
Rev-Margin DCF €1.66 €2.45 €3.45 74

Widest divergence: Multiples (€2.80) versus Dividend Discount (€0.4100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €458M
Revenue growth (YoY) -6.4%
Net margin -2.7%
Return on equity -6.3%
Free cash flow €13.2M FY2025
Operating margin -1.2%
More key figures
EPS (TTM) €-0.1700
EPS growth (YoY) +720%
Net debt €52.7M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 36

Profitability 37
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 98
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

Elica S.p.A. designs, manufactures, and sells kitchen aspiration systems in Europe, the Middle East, Africa, the United States, Asia, and internationally. It operates in two segments, Cooking and Motors.

Full company description

Elica S.p.A. designs, manufactures, and sells kitchen aspiration systems in Europe, the Middle East, Africa, the United States, Asia, and internationally. It operates in two segments, Cooking and Motors. The company offers electric motors for heating, ventilation, and home appliance markets; and a range hoods, extractor hobs, cooktops, ovens, and wine coolers. It sells its products under the Elica, Turboair, Jetair, Ariafina, Arietta, Airforce, Puti, and EMC FIME brand names. Elica S.p.A. was founded in 1970 and is headquartered in Fabriano, Italy. Elica S.p.A. operates as a subsidiary of FAN S.r.l.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Elica S.p.A reported revenue of €461M in FY2025 versus €541M in FY2021, a compound −4.0%/yr. Reported net income was −€10.0M in FY2025.

Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€461M
Latest YoY
+1.9%
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.
−5.7%
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.
+0.3%
Avg. growth/yr (22Y) 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.
+2.0%
Revenue −4.0%/yr
FY21 €541M
FY22 €549M
FY23 €473M
FY24 €452M
FY25 €461M
Net income
FY21 €12.1M
FY22 €16.6M
FY23 €9.8M
FY24 €7.9M
FY25 −€10.0M

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

Peer Group

Furnishings, Fixtures & Appliances · 311 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 50 · Below median
Fair Value upside +107% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -6% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/B 0.68× · Cheaper than median
P/S (TTM) 0.18× · Cheaper than 75% of peers
P/FCF 6.2× · Pricier than median
EV/EBITDA 5.2× · Cheaper than median

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 22
FUTURE 0 · sector 0
PAST 0 · sector 19
HEALTH 72 · sector 97
DIVIDEND 0 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Elica S.p.A (ELC) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €2.44 versus a price of €1.18, about +107% (undervalued).
What is the fair value of ELC?
Our model-based fair value for Elica S.p.A is €2.44 (as of Jul 15, 2026), built from audited fundamentals. The current price is €1.18.
What is the quality score of ELC?
Elica S.p.A has a Quality Score of 50/100. 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 Elica S.p.A (ELC)?
Elica S.p.A reported trailing-twelve-month revenue of about €458M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ELC?
The net profit margin of Elica S.p.A is about -2.7%, 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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