| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 421.69 | 8168 |
| Intrinsic value (DCF) | 2.59 | -49 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
EdiliziAcrobatica S.p.A. is a leading Italian company specializing in high-altitude and outdoor construction services, including renovations, maintenance, and safety-related installations. Founded in 1994 and headquartered in Genova, Italy, the company operates under its parent company, Arim Holding. EdiliziAcrobatica provides a wide range of services such as façade restoration, waterproofing, roof cleaning, and emergency interventions, catering primarily to commercial and residential buildings. The company's expertise in working at heights using specialized techniques sets it apart in the Italian construction services market. As part of the Industrials sector and Specialty Business Services industry, EdiliziAcrobatica plays a crucial role in maintaining and securing infrastructure across Italy. The company's unique service offerings, including anti-bird dissuaders, lifelines installation, and photovoltaic panel cleaning, position it as a niche player in the construction maintenance space. With a focus on safety and innovation, EdiliziAcrobatica serves both private and public sector clients, contributing to the preservation of Italy's architectural heritage while meeting modern construction standards.
EdiliziAcrobatica presents a specialized investment opportunity in the Italian construction services sector, though with notable risks. The company's niche focus on high-altitude work provides some competitive insulation, but recent financials show challenges with a net loss of €2.7 million in the reporting period and negative operating cash flow of €18.1 million. While the company maintains €24.3 million in cash reserves, its total debt of €67.7 million raises leverage concerns. The modest market capitalization of €50.4 million suggests limited scale compared to larger construction service providers. A beta of 0.811 indicates slightly less volatility than the broader market. The continuation of a €0.15 dividend despite financial losses may appeal to income-focused investors but warrants scrutiny regarding sustainability. Investors should weigh the company's specialized market position against its financial performance and the cyclical nature of construction services in Italy.
EdiliziAcrobatica occupies a unique position in the Italian construction services market through its specialization in high-altitude and acrobatic construction techniques. The company's competitive advantage stems from its technical expertise in working on difficult-to-access structures, a capability that differentiates it from general construction firms. This specialization allows for premium pricing in restoration and maintenance projects where traditional scaffolding isn't feasible. However, the company faces limitations in scalability due to the labor-intensive nature of its services and geographic concentration in Italy. Compared to larger European construction service providers, EdiliziAcrobatica lacks diversification across service lines and geographies, making it more vulnerable to regional economic cycles. The company's focus on building preservation aligns well with Italy's extensive historical architecture, creating steady demand, but may limit growth potential in new construction markets. While technological adoption in areas like drone inspections could enhance efficiency, the business remains fundamentally dependent on skilled labor. The negative operating cash flow suggests challenges in converting specialized services into consistent profitability, potentially putting pressure on its competitive position against better-capitalized rivals.