STVN - Stevanato Group S.p.A.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$32.00
DETAILS
HIGH:
$32.00
LOW:
$32.00
MEDIAN:
$32.00
CONSENSUS:
$32.00
UPSIDE:
52.16%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 1,139.5 | 1,104.0 | 1,085.4 | 983.7 | 843.9 | 662.0 | 536.5 |
| Cost of Revenue | 809.2 | 801.7 | 745.5 | 663.9 | 578.5 | 467.9 | 398.5 |
| Gross Profit | 330.3 | 302.3 | 339.9 | 319.8 | 265.4 | 194.2 | 138.0 |
| Operating Expenses | |||||||
| R&D Expenses | 24.4 | 31.7 | 35.7 | 34.4 | 29.6 | 17.4 | 7.8 |
| SG&A Expenses | 122.9 | 118.6 | 113.9 | 111.8 | 83.0 | 78.9 | 76.7 |
| Other Expenses | 0 | (9.1) | (10.4) | (18.9) | (9.4) | (5.2) | (8.7) |
| Operating Expenses | 147.2 | 141.2 | 139.2 | 127.4 | 103.2 | 91.1 | 75.8 |
| Operating Income | |||||||
| Operating Income | 183.1 | 161.1 | 200.7 | 192.4 | 162.2 | 103.1 | 62.2 |
| Interest Expense | 21.8 | 6.9 | 4.3 | 3.9 | 4.9 | 6.8 | 5.3 |
| Interest Income | 12.5 | 1.7 | 0.8 | 0.6 | 0.5 | 0.4 | 0.2 |
| Profitability | |||||||
| EBITDA | 288.5 | 247.8 | 272.3 | 256.4 | 226.9 | 156.4 | 106.5 |
| EBIT | 203.4 | 167.2 | 193.9 | 191.6 | 170.5 | 102.3 | 60.3 |
| Income Before Tax | 181.6 | 160.3 | 189.6 | 187.6 | 165.7 | 96.3 | 54.7 |
| Income Tax Expense | 47.4 | 42.5 | 43.9 | 44.6 | 31.4 | 17.7 | 16.0 |
| Net Income | 134.3 | 117.8 | 145.6 | 142.8 | 134.3 | 78.5 | 39.2 |
| Per Share Data | |||||||
| EPS (Basic) | 0.49 | 0.43 | 0.55 | 0.53 | 0.53 | 0.28 | 0.15 |
| EPS (Diluted) | 0.49 | 0.43 | 0.55 | 0.53 | 0.53 | 0.28 | 0.15 |
| Shares Outstanding | 273 | 272.9 | 265.0 | 264.7 | 264.7 | 264.7 | 264.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 130.5 | 98.3 | 69.6 | 228.7 | 411.0 | 115.6 | 85.4 | 74.5 |
| Short-Term Investments | 2.2 | 0 | 0.7 | 27.9 | 27.2 | 41.5 | 40.9 | 40.1 |
| Net Receivables | 542.2 | 529.9 | 522.5 | 369.5 | 278.4 | 167.2 | 160.6 | 181.0 |
| Inventory | 268.1 | 245.2 | 255.3 | 213.3 | 148.9 | 139.4 | 131.9 | 98.6 |
| Other Current Assets | (8.6) | 0.9 | 3.6 | 5.7 | 0.0 | 28.6 | 30.5 | 0.2 |
| Total Current Assets | 934.4 | 880.1 | 861.9 | 845.8 | 866.0 | 492.8 | 449.6 | 394.9 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 1,403.3 | 1,264.1 | 1,046.7 | 660.7 | 415.4 | 339.0 | 306.9 | 266.4 |
| Goodwill | 50.0 | 50.0 | 50.0 | 47.2 | 47.2 | 47.2 | 47.2 | 47.2 |
| Intangible Assets | 36.9 | 33.6 | 31.0 | 32.2 | 31.9 | 33.9 | 34.8 | 34.5 |
| Long-Term Investments | 6.0 | 5.6 | 5.2 | 1.8 | 2.0 | 3.5 | 4.6 | 4.7 |
| Other Non-Current Assets | 8.6 | 0 | 0.6 | 2.8 | 0.4 | 6.0 | 5.9 | 5.4 |
| Total Non-Current Assets | 1,608.5 | 1,448.7 | 1,209.7 | 813.9 | 552.9 | 475.2 | 432.6 | 386.7 |
| Total Assets | 2,542.9 | 2,328.8 | 2,071.6 | 1,659.7 | 1,418.8 | 968.0 | 882.2 | 781.6 |
| Current Liabilities | ||||||||
| Account Payables | 263.2 | 231.0 | 277.8 | 239.2 | 164.8 | 118.7 | 95.1 | 91.8 |
| Short-Term Debt | 121.7 | 106.8 | 135.6 | 64.6 | 37.2 | 63.5 | 65.3 | 51.3 |
| Deferred Revenue | 43.8 | 44.7 | 58.8 | 53.9 | 50.6 | 56.9 | 50.4 | 46.7 |
| Other Current Liabilities | 106.9 | 15.4 | 11.1 | (3.7) | 5.3 | 17.5 | 10.8 | 10.1 |
| Total Current Liabilities | 535.6 | 477.5 | 574.4 | 462.5 | 338.6 | 316.2 | 262.9 | 243.9 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 337.6 | 305.2 | 242.0 | 133.8 | 184.0 | 273.9 | 290.9 | 245.2 |
| Deferred Tax Liabilities | 13.3 | 12.6 | 9.6 | 21.0 | 19.1 | 11.6 | 0 | 10.9 |
| Other Non-Current Liabilities | 62.1 | 73.3 | 60.4 | 31.9 | 17.9 | 35.9 | 41.7 | 33.0 |
| Total Non-Current Liabilities | 521.4 | 447.0 | 364.5 | 201.3 | 238.6 | 341.7 | 353.8 | 306.3 |
| Total Liabilities | 1,056.9 | 924.4 | 938.9 | 663.8 | 577.2 | 657.8 | 616.7 | 550.2 |
| Stockholders' Equity | ||||||||
| Common Stock | 22.2 | 22.2 | 21.7 | 21.7 | 21.7 | 20.0 | 20.0 | 20.0 |
| Retained Earnings | 876.4 | 863.4 | 757.9 | 623.4 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 55.0 | (13.8) | (9.1) | (10.5) | 686.1 | 212.0 | 206.3 | 170.2 |
| Total Stockholders' Equity | 1,485.9 | 1,404.3 | 1,132.5 | 996.1 | 842.1 | 310.5 | 265.5 | 231.6 |
| Total Liabilities & Equity | 2,542.8 | 2,328.8 | 2,071.6 | 1,659.7 | 1,418.8 | 968.0 | 882.2 | 781.6 |
| Debt Metrics | ||||||||
| Total Debt | 470.7 | 429.0 | 396.6 | 218.4 | 244.3 | 363.0 | 375.7 | 317.1 |
| Net Debt | 340.2 | 330.7 | 327.0 | (10.4) | (166.8) | 247.4 | 290.3 | 242.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 134.3 | 160.3 | 189.6 | 187.6 | 165.7 | 96.3 | 54.7 |
| Depreciation & Amortization | 83.9 | 80.7 | 78.5 | 64.8 | 56.4 | 54.1 | 46.2 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 48.6 | (17.4) | (102.5) | (117.7) | (41.6) | 33.2 | (25.0) |
| Other Non-Cash Items | 7.9 | (67.8) | (60.3) | (31.4) | (47.1) | (27.9) | (33.4) |
| Operating Cash Flow | 274.8 | 155.8 | 105.2 | 103.3 | 133.3 | 155.7 | 42.6 |
| Investing Activities | |||||||
| Capital Expenditure | (253.3) | (313.6) | (441.9) | (243.1) | (113.2) | (96.0) | (73.9) |
| Acquisitions | 1.8 | (0.2) | (3.6) | 0 | 14.8 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.6) |
| Sales/Maturities of Investments | 0.2 | 0 | 0 | 0.0 | 0.8 | 0 | 0 |
| Other Investing Activities | 0 | (7.4) | 15.6 | (8.0) | (4.3) | (6.4) | (5.6) |
| Investing Cash Flow | (262.1) | (310.2) | (421.2) | (242.9) | (96.4) | (96.1) | (74.3) |
| Financing Activities | |||||||
| Net Debt Issuance | 41.4 | 27.9 | 172.6 | (31.0) | (120.2) | (17.1) | 48.3 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (14.2) | (14.5) | (14.3) | (13.5) | (11.2) | (8.9) | (6.2) |
| Other Financing Activities | (6.0) | 0 | (0.2) | 0 | 6.1 | (0.5) | 0 |
| Financing Cash Flow | 21.2 | 183.2 | 158.0 | (44.5) | 254.8 | (26.5) | 42.2 |
| Cash Position | |||||||
| Net Change in Cash | 43.9 | 28.7 | (159.1) | (182.3) | 295.4 | 30.2 | 10.9 |
| Cash at Beginning | 86.6 | 69.6 | 228.7 | 411.0 | 115.6 | 85.4 | 74.5 |
| Cash at End | 130.5 | 98.3 | 69.6 | 228.7 | 411.0 | 115.6 | 85.4 |
| Free Cash Flow | 21.4 | (157.8) | (336.7) | (139.8) | 20.2 | 59.7 | (31.3) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1,139.5 | 1,104.0 | 1,085.4 | 983.7 | 843.9 | 662.0 | 536.5 | |
| Gross Profit | 330.3 | 302.3 | 339.9 | 319.8 | 265.4 | 194.2 | 138.0 | |
| Operating Income | 183.1 | 161.1 | 200.7 | 192.4 | 162.2 | 103.1 | 62.2 | |
| Net Income | 134.3 | 117.8 | 145.6 | 142.8 | 134.3 | 78.5 | 39.2 | |
| EPS (Diluted) | 0.49 | 0.43 | 0.55 | 0.53 | 0.53 | 0.28 | 0.15 | |
| Balance Sheet | ||||||||
| Cash & Equivalents | 130.5 | 98.3 | 69.6 | 228.7 | 411.0 | 115.6 | 85.4 | 74.5 |
| Total Assets | 2,542.9 | 2,328.8 | 2,071.6 | 1,659.7 | 1,418.8 | 968.0 | 882.2 | 781.6 |
| Total Debt | 470.7 | 429.0 | 396.6 | 218.4 | 244.3 | 363.0 | 375.7 | 317.1 |
| Stockholders' Equity | 1,485.9 | 1,404.3 | 1,132.5 | 996.1 | 842.1 | 310.5 | 265.5 | 231.6 |
| Cash Flow | ||||||||
| Operating Cash Flow | 274.8 | 155.8 | 105.2 | 103.3 | 133.3 | 155.7 | 42.6 | |
| Capital Expenditure | (253.3) | (313.6) | (441.9) | (243.1) | (113.2) | (96.0) | (73.9) | |
| Free Cash Flow | 21.4 | (157.8) | (336.7) | (139.8) | 20.2 | 59.7 | (31.3) | |