Reway Group S.p.A. (RWY) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Reway Group S.p.A. €9.51, price €10.20, upside -6.8%, quality 50 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 25, 2026.
How to read this chart
43‑month range €3.22 – €12.00 · fair‑value band €5.16 – €12.10 · the €10.20 price screens above the €9.51 fair value. Dashed = 300-day average. As of Sep 25, 2026.
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Reway Group S.p.A., through its subsidiaries, engages in the road and motorway infrastructure rehabilitation activities in Italy.
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Reway Group S.p.A., through its subsidiaries, engages in the road and motorway infrastructure rehabilitation activities in Italy. The company is involved in the rehabilitation of bridges, viaducts, and road and motorway tunnels; tunnel finishing work; installation of sound-absorbing and safety barriers in road and motorway environments; seismic retrofitting of bridges and viaducts; and restoration of bridges, viaducts, tunnels and civil engineering works. It also offers structural repairs for viaducts; viaduct lifting; acoustic and safety barriers; and civil works for tunnels used in railway operations, as well as maintains tunnels. The company was founded in 1994 and is based in Licciana Nardi, Italy.
Stock analysis
Reway Group S.p.A. (RWY) currently trades at €10.20, while our model-based Fair Value estimate is €9.51, implying the stock looks roughly 7.3% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €21.11 per share, and 11 of the 23 models we run sit above the €10.20 price.
Bear case: the Growth DCF group reads lowest at €1.10, and 12 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: €5.16 (bear) to €12.10 (bull), the price of €10.20 sits inside 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 50/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Reway Group S.p.A. reported revenue of €215M in FY2024 versus €90.8M in FY2021, a compound +33.3%/yr. Reported net income was €17.9M in FY2024, compounding +27.6%/yr from FY2021.
Key figures
Market cap €396M · P/E ratio 18.9 · P/S ratio 1.57 · EPS (TTM) €0.5400 · Net margin 8.3% · Return on equity 21.5% · Return on assets (EBIT) 16.4% · Operating margin 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −7%, RWY screens richer than that median.
Fair Value models
Bear €5.16Fair Value €9.51Bull €12.10
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 2024 figures (about 12 months old). Earnings retained since then (€0.5400 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.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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+72.6%
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.
+33.3%
’21
’22
’23
’24
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+26.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.9%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2024 ⓘ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.15% → 15%
2024 sits 83% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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.Infrastructure Operations · 68 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−7% · Below median
Profitability
Return on equity (TTM)22% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)8% · Below median
Operating margin (TTM)13% · Below median
Growth and dividend
Revenue growth9% · Above median
Balance sheet
Debt / equity0.64× · Above median
Valuation Multiplesvs Infrastructure Operations 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). "Reway Group S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/RWY
Frequently asked questions
Is Reway Group S.p.A. (RWY) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of €9.51 versus a price of €10.20, about −7% upside (fairly valued).
What is the fair value of RWY?
Our model-based fair value for Reway Group S.p.A. is €9.51 (as of Sep 25, 2026), built from audited fundamentals. The current price: €10.20.
What is the quality score of RWY?
Reway Group 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 price target for Reway Group S.p.A. (RWY)?
Our model-based price target is the fair value of €9.51 (as of Sep 25, 2026) from 23 valuation models. Cautious scenario €5.16, optimistic scenario €12.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Reway Group S.p.A. stock forecast for 2026?
Our models put fair value at €9.51, about −7% upside versus a price of €10.20 (fairly valued). Cautious scenario €5.16, optimistic scenario €12.10. The calculation is refreshed regularly with new filings.
What is the revenue of Reway Group S.p.A. (RWY)?
Reway Group S.p.A. reported trailing-twelve-month revenue of about €247M (latest available figure, as of Sep 25, 2026).
What is the intrinsic value of Reway Group S.p.A. (RWY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reway Group S.p.A. it is €9.51 per share (as of Sep 25, 2026), against a price of €10.20. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Reway Group S.p.A. stock overvalued or undervalued in 2026?
As of Sep 25, 2026, RWY trades above its calculated fair value: price €10.20, fair value €9.51, a gap of about −7% (fairly valued). 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 RWY?
No. The price is what the market pays today (€10.20); the fair value is what the company's own numbers justify (€9.51). For Reway Group S.p.A. the two are €0.6900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reway Group S.p.A. worth?
The market values Reway Group S.p.A. at about €396M (market capitalisation, as of Sep 25, 2026). Per share that is €10.20; our models calculate a fair value of €9.51 per share.
What do the bullish and bearish scenarios say about RWY?
Our models span a range for Reway Group S.p.A.: cautious scenario €5.16, base €9.51, optimistic €12.10 per share (as of Sep 25, 2026, price €10.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RWY?
Reway Group S.p.A. trades at a price-to-earnings ratio of 18.9 (as of Sep 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €9.51 is built from several models across several years. Other multiples: P/B 5.1, P/S 1.8, EV/EBITDA 10.0.
How solid is the balance sheet of Reway Group S.p.A. (RWY)?
Balance-sheet figures for Reway Group S.p.A. (as of Sep 25, 2026): return on equity 21.5%, debt of 0.64 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is RWY from its 52-week high?
Reway Group S.p.A. trades at €10.20, about 15% below its 52-week high of €12.00 and 7% above the low of €9.54 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €9.51 is for.
Which stocks are comparable to Reway Group S.p.A.?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, 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 Reway Group S.p.A. stock attractive at the current price?
The data as of Sep 25, 2026: price €10.20, calculated fair value €9.51 (−7%), Quality Score 50/100, from 23 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 RWY calculated?
We run Reway Group S.p.A. through 23 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 €9.51, 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 14.0 % above its aggregate fair value. Reway Group 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 Reway Group S.p.A. (RWY)?
The closing price on Sep 24, 2026 was €10.20. Our model-based fair value is €9.51, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reway Group S.p.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€5.16 to €12.10) leaves room in how you read the outcome.
Key figures of Reway Group S.p.A.
How large is the market capitalisation of Reway Group S.p.A. (RWY)?
The market capitalisation of Reway Group S.p.A. is €396M. 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 Reway Group S.p.A. (RWY)?
The price-to-sales ratio of Reway Group S.p.A. is 1.57 (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 Reway Group S.p.A. (RWY)?
Earnings per share at Reway Group S.p.A. are €0.5400 (price ÷ EPS = P/E 18.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Reway Group S.p.A. (RWY)?
The net margin of Reway Group S.p.A. is 8.3% (fiscal year 2024). 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 Reway Group S.p.A. (RWY)?
The return on equity (ROE) of Reway Group S.p.A. is 21.5% (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 Reway Group S.p.A. (RWY)?
On an EBIT basis the return on assets of Reway Group S.p.A. is 16.4% (avg 4y). 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 Reway Group S.p.A. (RWY)?
The operating margin of Reway Group S.p.A. is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reway Group S.p.A. (RWY)?
Revenue at Reway Group S.p.A. is growing +8.9% versus a year earlier (3y avg +33.3%). 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 Reway Group S.p.A. (RWY)?
Earnings per share at Reway Group S.p.A. are growing −3.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Reway Group S.p.A. (RWY) generate?
The free cash flow of Reway Group S.p.A. is €29.2K (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Reway Group S.p.A. (RWY) carry?
The net debt of Reway Group S.p.A. is €63.6M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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