EL.En. S.p.A (ELEAF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of EL.En. S.p.A $12.73, price $17.50, upside -27.3%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $7.13 – $18.90 · fair‑value band $10.05 – $15.97 · the $17.50 price screens above the $12.73 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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EL.En. S.p.A. engages in the production, research and development, distribution, and sale of laser systems in Italy, Rest of Europe, and internationally. The company offers laser systems for the medical sector and the industrial sector.
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EL.En. S.p.A. engages in the production, research and development, distribution, and sale of laser systems in Italy, Rest of Europe, and internationally. The company offers laser systems for the medical sector and the industrial sector. It also develops, manufactures, and markets products, including solid-state laser, semiconductor laser, active fiber laser, dye lasers, and CO2 laser, as well as radio frequency, microwaves, frequency conversion systems, and high-intensity electromagnetic fields. In addition, the company is involved in medical research and development activities, such as body shaping, gynecology and urology, dermatology sector, and hair removal; industrial research and development, including metal cutting, dies, marking, and textile and jeans. EL.En. S.p.A. was founded in 1981 and is headquartered in Calenzano, Italy.
Stock analysis
EL.En. S.p.A (ELEAF) currently trades at $17.50, while our model-based Fair Value estimate is $12.73, 27.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $14.29 per share, and 3 of the 24 models we run sit above the $17.50 price.
Bear case: the Earnings-Based group reads lowest at $3.68, and 21 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $10.05 (bear) to $15.97 (bull), the price of $17.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
EL.En. S.p.A reported revenue of €591M in FY2025 versus €571M in FY2021, a compound +0.8%/yr. Reported net income was €43.4M in FY2025, compounding −1.1%/yr from FY2021.
Key figures
Market cap $1.4B · P/E ratio 22.7 · P/S ratio 1.67 · EPS (TTM) $0.7700 · Dividend yield 1.4% · Net margin 7.3% · Return on equity 13.0% · Return on assets (EBIT) 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 6% fair-value upside, at −27%, ELEAF screens richer than that median.
Fair Value models
Bear $10.05Fair Value $12.73Bull $15.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.3932 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)1.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 12%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +10.0% a year for the price and +3.4% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Medical Devices · 326 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+8.9% · Above median
Profitability
Return on equity (TTM)13.0% · Top 25%
Return on assets6.8% · Top 25%
Net margin (TTM)7.9% · Above median
Operating margin (TTM)10.8% · Above median
Growth and dividend
Revenue growth24.8% · Top 25%
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Medical Devices median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "EL.En. S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/ELEAF
Frequently asked questions
Is EL.En. S.p.A (ELEAF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $12.73 versus the last price from Sep 25, 2026 of $17.50, about −27% upside (overvalued).
What is the fair value of ELEAF?
Our model-based fair value for EL.En. S.p.A is $12.73 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $17.50.
What is the quality score of ELEAF?
EL.En. S.p.A has a Quality Score of 74/100. 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 price target for EL.En. S.p.A (ELEAF)?
Our model-based price target is the fair value of $12.73 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $10.05, optimistic scenario $15.97. It is a calculation from audited fundamentals, not an analyst target.
What is the EL.En. S.p.A stock forecast for 2026?
Our models put fair value at $12.73, about −27% upside versus the last price from Sep 25, 2026 of $17.50 (overvalued). Cautious scenario $10.05, optimistic scenario $15.97. The calculation is refreshed regularly with new filings.
What is the revenue of EL.En. S.p.A (ELEAF)?
EL.En. S.p.A reported trailing-twelve-month revenue of about €595M (latest available figure, as of Sep 24, 2026).
Does EL.En. S.p.A pay a dividend?
EL.En. S.p.A currently shows a dividend yield of about 1.43% relative to its recent price (as of Sep 24, 2026).
What growth is priced into EL.En. S.p.A (ELEAF)?
For today's price to be fair in a discounted-cash-flow model, EL.En. S.p.A would have to grow free cash flow by +12.4 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ELEAF use?
Our models discount EL.En. S.p.A at 11.5 %: a base by market capitalisation (small), damped by beta 1.10, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EL.En. S.p.A that is +12.4 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has EL.En. S.p.A (ELEAF) delivered so far?
Over the past 5 years revenue at EL.En. S.p.A grew +7.7 % a year. The price currently implies +12.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EL.En. S.p.A (ELEAF) growing?
The median revenue growth in the sector is +5.1 % a year. That is the yardstick for the growth priced into EL.En. S.p.A (+12.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EL.En. S.p.A (ELEAF)?
The free-cash-flow yield on the price is 4.75 %: that much free cash flow EL.En. S.p.A produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EL.En. S.p.A (ELEAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EL.En. S.p.A it is $12.73 per share (as of Sep 24, 2026), against a price of $17.50. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is EL.En. S.p.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ELEAF trades above its calculated fair value: price $17.50, fair value $12.73, a gap of about −27% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ELEAF?
No. The price is what the market pays today ($17.50); the fair value is what the company's own numbers justify ($12.73). For EL.En. S.p.A the two are $4.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is EL.En. S.p.A worth?
The market values EL.En. S.p.A at about $1.4B (market capitalisation, as of Sep 24, 2026). Per share that is $17.50; our models calculate a fair value of $12.73 per share.
What do the bullish and bearish scenarios say about ELEAF?
Our models span a range for EL.En. S.p.A: cautious scenario $10.05, base $12.73, optimistic $15.97 per share (as of Sep 24, 2026, price $17.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELEAF?
EL.En. S.p.A trades at a price-to-earnings ratio of 22.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.73 is built from several models across several years. Other multiples: P/B 3.0, P/S 2.1, EV/EBITDA 13.0.
How solid is the balance sheet of EL.En. S.p.A (ELEAF)?
Balance-sheet figures for EL.En. S.p.A (as of Sep 24, 2026): return on equity 13.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is ELEAF from its 52-week high?
EL.En. S.p.A trades at $17.50, about 7% below its 52-week high of $18.90 and 44% above the low of $12.13 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $12.73 is for.
Which stocks are comparable to EL.En. S.p.A?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EL.En. S.p.A stock attractive at the current price?
The data as of Sep 24, 2026: price $17.50, calculated fair value $12.73 (−27%), Quality Score 74/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ELEAF calculated?
We run EL.En. S.p.A through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $12.73, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. EL.En. S.p.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EL.En. S.p.A (ELEAF)?
The latest price we hold is from Sep 25, 2026 and stands at $17.50. Our model-based fair value is $12.73, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EL.En. S.p.A right now?
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($15.97). The favourable scenario is already priced in.
Key figures of EL.En. S.p.A
How large is the market capitalisation of EL.En. S.p.A (ELEAF)?
The market capitalisation of EL.En. S.p.A is $1.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EL.En. S.p.A (ELEAF)?
The price-to-sales ratio of EL.En. S.p.A is 1.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EL.En. S.p.A (ELEAF)?
Earnings per share at EL.En. S.p.A are $0.7700 (price ÷ EPS = P/E 22.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EL.En. S.p.A (ELEAF)?
The dividend yield of EL.En. S.p.A is 1.4% (payout 32.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EL.En. S.p.A (ELEAF)?
The net margin of EL.En. S.p.A is 7.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EL.En. S.p.A (ELEAF)?
The return on equity (ROE) of EL.En. S.p.A is 13.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EL.En. S.p.A (ELEAF)?
On an EBIT basis the return on assets of EL.En. S.p.A is 10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EL.En. S.p.A (ELEAF)?
The operating margin of EL.En. S.p.A is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EL.En. S.p.A (ELEAF)?
Revenue at EL.En. S.p.A is growing +24.8% versus a year earlier (3y avg −4.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EL.En. S.p.A (ELEAF)?
Earnings per share at EL.En. S.p.A are growing −6.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Sep 24, 2026