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Vincenzo Zucchi S.p.A (ZUC) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €15.3M

VZ Vincenzo Zucchi S.p.A ZUC · MI
Price€0.5600
Fair Value€1.68
Upside+200.0%
Quality61/100
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Strengths

Trades 67% below our fair value of €1.68
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +14.3 %/yr)
!Thin margins · 0.9% net margin
!Mixed vs. peers (7/13)
!Narrow moat 28/100
Mixed Growth (revenue 5y +14.3 %/yr)
Thin margins · 0.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 28/100
Evidence: Medium Range €1.26 – €2.10 Share as image

Fair value as of: Aug 15, 2026

From 24 valuation models · updated 12 days ago

Fair value updated Aug 15, 2026, revised from €2.49 to €1.68 (−32.5%) since Jul 25, 2026. Share price −3.4% over the past month.

A solid business, trading 67% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (€1.26). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€3.07 €0.5400 Fair Value €1.68 May 2021 Aug 2026

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

How to read this chart

60‑month range €0.5400 – €3.07 · fair‑value band €1.26 – €2.10 · the €0.5600 price screens below the €1.68 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Vincenzo Zucchi S.p.A (ZUC) currently trades at €0.5600, while our model-based Fair Value estimate is €1.68, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 61/100 (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, Vincenzo Zucchi S.p.A generated revenue of €113M at a net margin of 0.9%. Revenue declined 40.8% year over year. It earns a return on equity of 2.1%. Net debt stands at €5.4M. Fundamentals as of Aug 15, 2026

Our scenario range runs from €1.26 (bear case) to €2.10 (bull case); at €0.5600, 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 43% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -26% fair-value upside, at 200%, ZUC 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 €3.98 €5.37 €7.02 80
Residual Income €1.37 €1.35 €1.19 76
Rev-Margin DCF €3.14 €4.66 €6.44 74
All 24 models by family
DCF Models
FCF DCF €3.98 €5.61 €7.66 38
Owner Earnings €2.87 €4.04 €5.52 31
5Y Revenue Exit €3.14 €4.62 €6.45 39
5Y EBITDA Exit €4.86 €7.85 €11.33 41
5Y P/E Exit €2.65 €3.68 €4.74 38
10Y Revenue Exit €3.41 €4.72 €6.41 36
10Y EBITDA Exit €4.41 €6.64 €9.62 37
10Y P/E Exit €3.20 €4.16 €5.29 35
Earnings-Based
Graham-Dodd €0.7700 €2.50 €3.34 54
Lynch FV €0.5600 €0.8000 €1.04 50
PEG = 1.0 €0.5600 €0.8000 €1.04 46
EPV €1.86 €2.09 €2.27 59
Multiples
P/E Multiple €1.87 €2.49 €3.11 63
P/S Multiple €1.44 €1.93 €2.41 58
P/B Multiple €1.44 €1.93 €2.41 55
EV/EBIT €3.94 €5.26 €6.58 53
EV/EBITDA €6.27 €8.37 €10.46 54
EV/Revenue €2.65 €3.79 €4.94 43
Asset-Based
NCAV (Graham) €0.9700 €1.30 €1.94 50
Growth DCF
Growth DCF €3.98 €5.37 €7.02 80
Rev-Margin DCF €3.14 €4.66 €6.44 74
Economic Profit
Residual Income €1.37 €1.35 €1.19 76
ROIC Compounder €1.86 €2.16 €2.50 72
Growth Earnings
Growth-Adj P/E €1.56 €2.23 €2.90 68

Widest divergence: Growth DCF (€4.66) versus Earnings-Based (€0.8000). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.14 TTM
Net margin 0.9% TTM
Return on equity 2.1% TTM
Return on assets 3.9% TTM
Operating margin 0.3% TTM
EPS (TTM) €-0.1800
More key figures
Growth
Revenue (TTM) €113M TTM
Revenue growth (YoY) -40.8% 3y avg +22.7%
EPS growth (YoY) +794%
Balance sheet & cash flow
Free cash flow €12.1M FY2023
Net debt €5.4M FY2023 · ≈ 0.4 yrs of FCF

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 29

Profitability 46
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Vincenzo Zucchi S.p.A. produces, distributes, and markets household linen products in Italy, France, and rest of European countries.

Full company description

Vincenzo Zucchi S.p.A. produces, distributes, and markets household linen products in Italy, France, and rest of European countries. It offers pillowcases, sheets, duvet covers, duvet cover sets, bed sets, quilts, quilted bedspreads, light bedspreads, duvets, sponges, bathrobes, bath rugs, beach towels, pillow covers, sofa covers, throws, and table towels, as well as bed accessories. Vincenzo Zucchi S.p.A. was founded in 1920 and is based in Rescaldina, Italy.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Vincenzo Zucchi S.p.A reported revenue of €131M in FY2023 versus €70.3M in FY2019, a compound +16.9%/yr. Reported net income was €2.9M in FY2023, compounding +3.8%/yr from FY2019.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2023)
€131M
Latest YoY
+15.4%
Avg. revenue 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.
+22.7%
Avg. revenue 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.
+14.3%
Avg. revenue growth/yr (10Y) 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.
−1.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−10.6% (-10.6 + 0.0)
Revenue +16.9%/yr
FY19 €70.3M
FY20 €71.1M
FY21 €98.7M
FY22 €114M
FY23 €131M
Net income +3.8%/yr
FY19 €2.5M
FY20 €65.4M
FY21 €5.3M
FY22 €3.1M
FY23 €2.9M

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

Peer Group

Textile Manufacturing · 331 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 61 · Top 25%
Fair Value upside +200% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 4% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -41% · Bottom 25%
Dividend yield (TTM) 19.6% · Top 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
P/FCF 1.5× · Pricier than median
EV/EBITDA 1.7× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 10
FUTURE0 · sector 0
PAST8 · sector 15
HEALTH88 · sector 95
DIVIDEND100 · sector 34

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

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

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Far Eastern New Century Corporation 1402 28.55 TWD 25.64 TWD -10%
K.P.R. Mill Limited KPRMILL ₹1,124 ₹467.49 -58%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.55 ¥11.85 -83%
Zhejiang Orient Holdings 600120 ¥4.89 ¥2.21 -55%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Albany International Corp AIN $59.92 $18.40 -69%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%

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Frequently asked questions

Is Vincenzo Zucchi S.p.A (ZUC) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of €1.68 versus a price of €0.5600, about +200% (undervalued).
What is the fair value of ZUC?
Our model-based fair value for Vincenzo Zucchi S.p.A is €1.68 (as of Aug 15, 2026), built from audited fundamentals. The current price: €0.5600.
What is the quality score of ZUC?
Vincenzo Zucchi S.p.A has a Quality Score of 61/100. 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 Vincenzo Zucchi S.p.A (ZUC)?
Vincenzo Zucchi S.p.A reported trailing-twelve-month revenue of about €113M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of ZUC?
The net profit margin of Vincenzo Zucchi S.p.A is about 0.9%, meaning it keeps roughly 0.9% 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.

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