In a report released yesterday, Giada Cabrino from Intesa Sanpaolo maintained a Buy rating on EdiliziAcrobatica SpA (EDAC – Research Report), with a price target of €10.00.
Giada Cabrino has given her Buy rating due to a combination of factors that highlight EdiliziAcrobatica SpA’s potential for future growth. The company’s FY24 sales indicate a growing recognition of its services, and its ability to expand internationally is evident despite the absence of fiscal support. Although the EBITDA was impacted by increased personnel costs aimed at supporting future growth, the outlook for FY25 remains positive with expectations of continued growth in both traditional and international business sectors.
Furthermore, EdiliziAcrobatica’s strategic plans to expand its international presence and consolidate its operations in Italy, alongside its ventures into new business areas such as photovoltaics and energy requalification, contribute to a promising growth trajectory. The company’s target to increase revenues and improve EBITDA margins in FY25, coupled with a robust customer growth rate of 73.8% in FY24, supports the investment case. Cabrino’s valuation, based on a DCF model, suggests a target price of EUR 10, reinforcing the Buy recommendation.
EDAC’s price has also changed moderately for the past six months – from EUR7.120 to EUR5.920, which is a -16.85% drop .