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Reti S.p.A (RETI) Fair Value & Analysis

Technology · IT · Market cap €19.0M

RS Reti S.p.A RETI · MI
Price€1.57
Fair Value€2.37
Upside+51.0%
Quality55/100
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Mixed Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
3.90% dividend yield
Ranks above peers (9/14)
Moderate moat 45/100
Evidence: High Range €1.45 – €2.97 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €2.40 to €2.37 (−1.2%) since Jun 24, 2026. Share price +1.9% over the past month.

A solid business, screening 51% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€1.45 to €2.97) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€2.52 €1.23 Fair Value €2.37 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €1.23 – €2.52 · fair‑value band €1.45 – €2.97 · the €1.57 price screens below the €2.37 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Reti S.p.A (RETI) currently trades at €1.57, while our model-based Fair Value estimate is €2.37, implying the stock looks roughly 51.0% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Technology 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: high), always confirm before acting.

Over the trailing twelve months, Reti S.p.A generated revenue of €35.7M at a net margin of 4.1%. Revenue grew 14.7% year over year. It earns a return on equity of 15.3%. Net debt stands at €4.8M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €1.45 (bear case) to €2.97 (bull case); at €1.57, the current price sits within 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 17% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 51%, RETI 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 €0.5600 €0.7600 €1.01 80
Residual Income €0.7200 €0.8400 €1.50 76
Rev-Margin DCF €1.60 €2.86 €4.42 74
All 24 models by family
DCF Models
FCF DCF €0.5600 €0.7900 €1.09 38
Owner Earnings €0.1300 €0.1300 €0.1300 31
5Y Revenue Exit €1.60 €2.91 €4.69 39
5Y EBITDA Exit €1.99 €3.68 €5.77 41
5Y P/E Exit €1.23 €2.18 €3.23 38
10Y Revenue Exit €1.08 €2.05 €3.52 36
10Y EBITDA Exit €1.35 €2.52 €4.27 37
10Y P/E Exit €0.9300 €1.60 €2.52 35
Earnings-Based
Graham-Dodd €0.8100 €3.29 €4.48 54
Lynch FV €0.8200 €1.18 €1.53 50
PEG = 1.0 €0.8200 €1.18 €1.53 46
EPV €1.65 €1.83 €1.98 59
Multiples
P/E Multiple €1.78 €2.37 €2.97 63
P/S Multiple €1.51 €2.02 €2.52 58
P/B Multiple €1.51 €2.02 €2.52 55
EV/EBIT €3.57 €4.72 €5.87 53
EV/EBITDA €3.35 €4.43 €5.50 54
EV/Revenue €2.45 €3.44 €4.44 43
Asset-Based
NCAV (Graham) €0.4000 €0.5400 €0.8000 50
Growth DCF
Growth DCF €0.5600 €0.7600 €1.01 80
Rev-Margin DCF €1.60 €2.86 €4.42 74
Economic Profit
Residual Income €0.7200 €0.8400 €1.50 76
ROIC Compounder €1.77 €2.11 €2.49 72
Growth Earnings
Growth-Adj P/E €1.39 €1.99 €2.58 68

Widest divergence: Multiples (€2.37) versus Asset-Based (€0.5400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €35.7M
Revenue growth (YoY) +14.7%
Net margin 4.1%
Return on equity 15.3%
Free cash flow €597K FY2025
P/E ratio 13.0
More key figures
Operating margin 5.8%
EPS (TTM) €0.1200
Dividend yield 3.9%
EPS growth (YoY) +24.9%
Net debt €4.8M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 52 · Market factors (momentum, volatility) 53

Profitability 49
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 87
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

Reti S.p.A. engages in the provision of system integration services in Italy. It offers artificial intelligence; business intelligence, including data collection, analytics, insight, and prediction; security and identity services; cloud services; and business consulting.

Full company description

Reti S.p.A. engages in the provision of system integration services in Italy. It offers artificial intelligence; business intelligence, including data collection, analytics, insight, and prediction; security and identity services; cloud services; and business consulting. The company also provides application solutions for the management of business processes, sharing of information, and facilitation of collaborative processes; and develops IT platforms and infrastructures for the networking and digitization needs of its customers. In addition, it operates as managed service provider that offers management and assistance services on infrastructures and applications. Reti S.p.A. was founded in 1994 and is based in Busto Arsizio, Italy. Reti S.p.A. operates as a subsidiary of Paneghini Holding Srl.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Reti S.p.A reported revenue of €35.8M in FY2025 versus €24.9M in FY2021, a compound +9.5%/yr. Reported net income was €1.4M in FY2025, compounding +7.5%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€35.8M
Latest YoY
+10.9%
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.
+8.8%
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.
+10.4%
Avg. growth/yr (7Y) 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.
+9.4%
Revenue +9.5%/yr
FY21 €24.9M
FY22 €27.8M
FY23 €30.9M
FY24 €32.2M
FY25 €35.8M
Net income +7.5%/yr
FY21 €1.1M
FY22 €981K
FY23 €1.5M
FY24 €1.3M
FY25 €1.4M

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

Peer Group

Information Technology Services · 475 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 55 · Below median
Fair Value upside +51% · Top 25%
Return on equity (TTM) 15% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 15% · Above median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 13.0× · Cheaper than 75% of peers
P/B 2.25× · Pricier than median
P/S (TTM) 0.62× · Cheaper than median
P/FCF 36.7× · Pricier than 75% of peers
EV/EBITDA 6.4× · 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 21
FUTURE 74 · sector 31
PAST 61 · sector 37
HEALTH 99 · sector 97
DIVIDEND 78 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Reti S.p.A (RETI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €2.37 versus a price of €1.57, about +51% (undervalued).
What is the fair value of RETI?
Our model-based fair value for Reti S.p.A is €2.37 (as of Jul 18, 2026), built from audited fundamentals. The current price is €1.57.
What is the quality score of RETI?
Reti S.p.A has a Quality Score of 55/100. 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 Reti S.p.A (RETI)?
Reti S.p.A reported trailing-twelve-month revenue of about €35.7M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of RETI?
The net profit margin of Reti S.p.A is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Reti S.p.A pay a dividend?
Reti S.p.A currently shows a dividend yield of about 3.90% relative to its recent price (as of Jul 18, 2026).

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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