(ARIS) Ariston Holding - Overview
Sector: Industrials | Industry: Building Products & Equipment | Exchange: MI (Italy) | Market Cap: 1.216m EUR | Total Return: -27.9% in 12m
Avg Turnover: 2.05M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Ariston Holding N.V. is a Milan-based manufacturer specializing in space heating and hot water solutions. The company operates across three primary segments: Thermal Comfort, Burners, and Components, serving residential, commercial, and industrial markets through a diverse portfolio of brands including Ariston, Elco, and Wolf. Its product lineup focuses on energy-efficient technologies such as heat pumps, solar water heaters, and combustion systems.
The heating and cooling sector is currently undergoing a significant transition toward electrification and decarbonization, driven by European regulatory shifts favoring heat pump technology over traditional gas boilers. As a vertically integrated manufacturer, Ariston produces both finished units and critical internal components, allowing for greater control over the supply chain and product prototyping.
For a more detailed look at the companys financial health and valuation metrics, consider reviewing the latest data on ValueRay. Ariston remains a subsidiary of Merloni Holding S.P.A. and maintains an international distribution network that includes both physical and e-commerce channels.
- European heat pump demand slows amid reduced government subsidies
- High interest rates dampen residential renovation and new construction volumes
- Integration of Wolf and Brink acquisitions impacts operational margins
- Regulatory shifts in EU green heating standards drive long-term transition
| Net Income: 135.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.52 > 1.0 |
| NWC/Revenue: 5.42% < 20% (prev 20.58%; Δ -15.16% < -1%) |
| CFO/TA 0.19 > 3% & CFO 680.0m > Net Income 135.0m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (367.9m) vs 12m ago -0.65% < -2% |
| Gross Margin: 54.85% > 18% (prev 0.55%; Δ 5.43k% > 0.5%) |
| Asset Turnover: 145.8% > 50% (prev 72.76%; Δ 73.04% > 0%) |
| Interest Coverage Ratio: 6.87 > 6 (EBITDA TTM 377.3m / Interest Expense TTM 34.7m) |
| A: 0.08 (Total Current Assets 1.24b - Total Current Liabilities 947.7m) / Total Assets 3.58b |
| B: 0.22 (Retained Earnings 801.8m / Total Assets 3.58b) |
| C: 0.06 (EBIT TTM 238.4m / Avg Total Assets 3.72b) |
| D: 0.41 (Book Value of Equity 848.3m / Total Liabilities 2.06b) |
| Altman-Z'' = 2.13 = BBB |
| DSRI: 0.50 (Receivables 347.8m/361.3m, Revenue 5.43b/2.81b) |
| GMI: 1.01 (GM 54.85% / 55.47%) |
| AQI: 1.08 (AQ_t 0.46 / AQ_t-1 0.43) |
| SGI: 1.93 (Revenue 5.43b / 2.81b) |
| TATA: -0.15 (NI 135.0m - CFO 680.0m) / TA 3.58b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at EUR 3.32 with a total of 619,429 shares traded.
Over the past week, the price has changed by +3.81%,
over one month by -13.16%,
over three months by -32.52% and
over the past year by -27.93%.
Ariston Holding has no consensus analysts rating.
P/E Trailing = 9.1944
P/S = 0.4428
P/B = 0.7951
Revenue TTM = 5.43b EUR
EBIT TTM = 238.4m EUR
EBITDA TTM = 377.3m EUR
Long Term Debt = 736.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 5.60m EUR (from shortTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 970.2m EUR (1.22b + (null Debt) - CCE 246.3m)
Interest Coverage Ratio = 6.87 (Ebit TTM 238.4m / Interest Expense TTM 34.7m)
EV/FCF = 6.15x (Enterprise Value 970.2m / FCF TTM 157.7m)
FCF Yield = 16.26% (FCF TTM 157.7m / Enterprise Value 970.2m)
FCF Margin = 2.91% (FCF TTM 157.7m / Revenue TTM 5.43b)
Net Margin = 2.49% (Net Income TTM 135.0m / Revenue TTM 5.43b)
Gross Margin = 54.85% ((Revenue TTM 5.43b - Cost of Revenue TTM 2.45b) / Revenue TTM)
Gross Margin QoQ = 55.12% (prev 55.69%)
Tobins Q-Ratio = 0.27 (Enterprise Value 970.2m / Total Assets 3.58b)
Interest Expense / Debt = unknown (Interest Expense 34.7m / Debt none)
Taxrate = 0.90% (1.20m / 133.8m)
NOPAT = 236.3m (EBIT 238.4m * (1 - 0.90%))
Current Ratio = 1.31 (Total Current Assets 1.24b / Total Current Liabilities 947.7m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 377.3m)
Debt / FCF = unknown (Net Debt none / FCF TTM 157.7m)
Total Stockholder Equity = 1.45b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.63% (Net Income 135.0m / Total Assets 3.58b)
RoE = 9.33% (Net Income TTM 135.0m / Total Stockholder Equity 1.45b)
RoCE = 10.92% (EBIT 238.4m / Capital Employed (Equity 1.45b + L.T.Debt 736.1m))
RoIC = 9.17% (NOPAT 236.3m / Invested Capital 2.58b)
WACC = 7.68% (E(1.22b)/V(1.22b) * Re(7.68%) + (debt-free company))
Discount Rate = 7.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.01 | Cagr: 9.87%
[DCF] Terminal Value 73.10% ; FCFF base≈170.9m ; Y1≈149.9m ; Y5≈121.1m
[DCF] Fair Price = 16.14 (EV 1.94b - Net Debt 0.0 = Equity 1.94b / Shares 120.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.67 | # QB: 0
Revenue Correlation: 38.89 | Revenue CAGR: 2.46% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-8.99% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.10 | Chg30d=-6.67% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.36 | Chg30d=-5.27% | Revisions=-56% | GrowthEPS=+19.3% | GrowthRev=+5.2%
EPS next Year (2027-12-31): EPS=0.40 | Chg30d=-2.63% | Revisions=-43% | GrowthEPS=+10.7% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -56%