EN DE

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (FILA) Fair Value & Analysis

Industrials · IT · Market cap €469M

FI F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A FILA · MI
Price€10.09
Fair Value€7.14
Upside-29.2%
Quality57/100
Watch F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Narrow moat 35/100
Evidence: High Range €5.36 – €8.93 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €13.67 to €7.14 (−47.8%) since Jun 24, 2026. Share price +9.7% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€8.93). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€10.49 €5.33 Fair Value €7.14 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €5.33 – €10.49 · fair‑value band €5.36 – €8.93 · the €10.09 price screens above the €7.14 fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (FILA) currently trades at €10.09, while our model-based Fair Value estimate is €7.14, implying the stock looks roughly 29.2% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A generated revenue of €567M at a net margin of 3.0%. Revenue declined 5.2% year over year. It earns a return on equity of 3.1%. Net debt stands at €136M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €5.36 (bear case) to €8.93 (bull case); at €10.09, the current price sits above 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 near its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -32% fair-value upside, at -29%, FILA 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 BearBaseBull Evidence
Highest evidence
Growth DCF €7.93 €10.65 €14.12 80
Residual Income €9.19 €8.80 €6.76 76
Rev-Margin DCF €8.95 €14.35 €20.28 74
All 24 models by family
DCF Models
FCF DCF €7.71 €10.63 €14.55 38
Owner Earnings €4.72 €6.72 €9.42 31
5Y Revenue Exit €8.95 €14.20 €20.92 39
5Y EBITDA Exit €12.63 €20.57 €29.81 41
5Y P/E Exit €4.85 €7.09 €9.39 38
10Y Revenue Exit €8.03 €12.28 €17.31 36
10Y EBITDA Exit €10.41 €16.17 €22.97 37
10Y P/E Exit €6.01 €7.96 €9.95 35
Earnings-Based
Graham-Dodd €2.31 €4.57 €5.73 54
EPV €7.65 €8.96 €10.04 59
Dividend Discount
Gordon GGM €2.14 €2.86 €3.52 70
DDM Multi-Stage €2.14 €2.83 €3.55 61
Multiples
P/E Multiple €5.36 €7.14 €8.93 63
P/S Multiple €4.34 €5.78 €7.23 58
P/B Multiple €4.34 €5.78 €7.23 55
EV/EBIT €15.83 €21.74 €27.64 53
EV/EBITDA €19.02 €25.99 €32.96 54
EV/Revenue €10.75 €16.18 €21.60 43
Asset-Based
NCAV (Graham) €6.77 €9.07 €13.53 50
Growth DCF
Growth DCF €7.93 €10.65 €14.12 80
Rev-Margin DCF €8.95 €14.35 €20.28 74
Economic Profit
Residual Income €9.19 €8.80 €6.76 76
ROIC Compounder €7.65 €8.96 €10.04 72
Growth Earnings
Growth-Adj P/E €3.87 €5.53 €7.19 68

Widest divergence: Growth DCF (€10.65) versus Dividend Discount (€2.83). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €567M
Revenue growth (YoY) -5.2%
Net margin 3.0%
Return on equity 3.1%
Free cash flow €47.5M FY2025
P/E ratio 28.1
More key figures
Operating margin 4.6%
EPS (TTM) €0.3300
EPS growth (YoY) -69.7%
Net debt €136M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 73

Profitability 32
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 84
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

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and markets colouring, design, modelling, writing, and painting objects in Europe, North America, Central/South America, Asia, and internationally.

Full company description

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and markets colouring, design, modelling, writing, and painting objects in Europe, North America, Central/South America, Asia, and internationally. It offers, crayons, modelling clays, chalks, oil colors, acrylics, watercolors, paints, and paper products for the fine arts, school, and leisure sectors. The company provides its products under the GIOTTO, DAS, LYRA, Canson, Maimeri, Daler-Rowney Lukas, Ticonderoga, Pacon, Strathmore, Princeton, and Arches brands. It sells its products through its branches and sales offices to wholesalers, office and school suppliers, supermarkets, retailers, distributors, promotional, B2B operators, and others. F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. was founded in 1920 and is headquartered in Pero, Italy.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A reported revenue of €572M in FY2025 versus €656M in FY2021, a compound −3.4%/yr. Reported net income was €14.5M in FY2025, compounding −21.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€572M
Latest YoY
−6.6%
Avg. growth/yr (3Y)
−9.3%
Avg. growth/yr (5Y)
−1.3%
Avg. growth/yr (12Y)
+8.3%
Revenue −3.4%/yr
FY21 €656M
FY22 €767M
FY23 €779M
FY24 €613M
FY25 €572M
Net income −21.5%/yr
FY21 €38.0M
FY22 €25.3M
FY23 €171M
FY24 €81.8M
FY25 €14.5M

FILA screens 29% overvalued. Compare with Ricoh Company →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/FILA

Peer Group

Business Equipment & Supplies · 73 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 57 · Above median
Fair Value upside −29% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 28.1× · Pricier than median
P/B 0.94× · Cheaper than median
P/S (TTM) 0.96× · Cheaper than median
P/FCF 11.4× · Pricier than 75% of peers
EV/EBITDA 7.1× · 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 0 · sector 33
FUTURE 0 · sector 18
PAST 12 · sector 20
HEALTH 83 · sector 98
DIVIDEND 0 · sector 52

VALUE 0: the price sits above our fair-value range.

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Ricoh Company RICO ¥15.33 ¥17.99 +17%
GRG Banking Equipment Co 002152 ¥10.08 ¥6.90 -32%
Shanghai M&G Stationery Inc 603899 ¥21.45 ¥30.05 +40%
XGD Inc 300130 ¥19.90 ¥15.67 -21%
DOMS Industries Limited DOMS ₹2,260 ₹782.96 -65%
Hengbao Co 002104 ¥9.20 ¥1.66 -82%
Shaanxi Fenghuo Electronics Co 000561 ¥6.99 ¥1.75 -75%
Shenzhen Comix Group 002301 ¥7.30 ¥3.11 -57%
Shandong New Beiyang Information Technology Co 002376 ¥6.00 ¥1.73 -71%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥11.92 ¥21.12 +77%

Compare F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (FILA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €7.14 versus a price of €10.09, about −29% (overvalued).
What is the fair value of FILA?
Our model-based fair value for F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A is €7.14 (as of Jul 16, 2026), built from audited fundamentals. The current price is €10.09.
What is the quality score of FILA?
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A has a Quality Score of 57/100. 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (FILA)?
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A reported trailing-twelve-month revenue of about €567M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FILA?
The net profit margin of F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A is about 3.0%, meaning it keeps roughly 3.0% 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.

14 days Pro free · no card

Track F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.