(TFIN) Trevi-Finanziaria - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: MI (Italy) | Market Cap: 108m EUR | Total Return: -0.7% in 12m
Avg Turnover: 1.60M
Rev. Trend: 46.0%
Warnings
Altman Z'' 0.20 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
TREVI - Finanziaria Industriale S.p.A. (TFIN) is an Italian engineering firm specialized in soil mechanics and underground engineering. Founded in 1957, the company operates through two primary divisions: subsoil services for large-scale civil engineering projects and the manufacturing of specialized drilling equipment. The business model relies on high-capital intensity and technical expertise required for complex infrastructure developments such as dams, tunnels, and deep foundations.
The specialized soil engineering sector is highly cyclical and sensitive to government infrastructure spending and global construction trends. Unlike general contractors, niche engineering firms like Trevi often act as essential technical partners for projects requiring advanced geotechnical stabilization. Investors can utilize ValueRay to further analyze the companys valuation and market positioning. Headquartered in Cesena, Italy, the firm maintains a global presence to service international infrastructure demand.
- Global infrastructure spending increases demand for specialized soil engineering services
- Raw material price volatility impacts manufacturing margins for heavy drilling equipment
- Strategic debt restructuring and deleveraging progress influence investor risk sentiment
- Middle East construction boom provides significant backlog growth for foundation projects
- Energy transition projects drive demand for specialized offshore wind farm foundations
| Net Income: 8.07m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.71 > 1.0 |
| NWC/Revenue: -3.97% < 20% (prev 32.62%; Δ -36.59% < -1%) |
| CFO/TA 0.09 > 3% & CFO 62.2m > Net Income 8.07m |
| Net Debt (-83.4m) to EBITDA (73.9m): -1.13 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (312.3m) vs prev 0.03% < -2% |
| Gross Margin: 63.09% > 18% (prev 0.59%; Δ 6.25k% > 0.5%) |
| Asset Turnover: 85.68% > 50% (prev 86.65%; Δ -0.96% > 0%) |
| Interest Coverage Ratio: 3.29 > 6 (EBITDA TTM 73.9m / Interest Expense TTM 14.0m) |
| A: -0.04 (Total Current Assets 471.9m - Total Current Liabilities 496.2m) / Total Assets 678.9m |
| B: 0.00 (Retained Earnings 12.0k / Total Assets 678.9m) |
| C: 0.06 (EBIT TTM 46.1m / Avg Total Assets 714.7m) |
| D: 0.00 (Book Value of Equity 12.0k / Total Liabilities 545.8m) |
| Altman-Z'' = 0.20 = B |
| DSRI: 0.97 (Receivables 234.7m/256.5m, Revenue 612.4m/650.2m) |
| GMI: 0.94 (GM 63.09% / 59.13%) |
| AQI: 1.15 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 0.94 (Revenue 612.4m / 650.2m) |
| TATA: -0.08 (NI 8.07m - CFO 62.2m) / TA 678.9m) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 0.33 with a total of 7,361,522 shares traded.
Over the past week, the price has changed by +4.17%,
over one month by +10.67%,
over three months by -58.09% and
over the past year by -0.66%.
Trevi-Finanziaria has no consensus analysts rating.
P/E Trailing = 11.5267
P/E Forward = 5.9988
P/S = 0.1725
P/B = 0.7487
P/EG = 0.1364
Revenue TTM = 612.4m EUR
EBIT TTM = 46.1m EUR
EBITDA TTM = 73.9m EUR
Long Term Debt = 12.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 264.4m EUR (from shortLongTermDebt, last quarter)
Debt = 9.76m EUR (Leases only: 9.76m)
Net Debt = -83.4m EUR (calculated: Debt 9.76m - CCE 93.2m)
Enterprise Value = 24.6m EUR (108.0m + Debt 9.76m - CCE 93.2m)
Interest Coverage Ratio = 3.29 (Ebit TTM 46.1m / Interest Expense TTM 14.0m)
EV/FCF = 0.39x (Enterprise Value 24.6m / FCF TTM 62.2m)
FCF Yield = 253.4% (FCF TTM 62.2m / Enterprise Value 24.6m)
FCF Margin = 10.17% (FCF TTM 62.2m / Revenue TTM 612.4m)
Net Margin = 1.32% (Net Income TTM 8.07m / Revenue TTM 612.4m)
Gross Margin = 63.09% ((Revenue TTM 612.4m - Cost of Revenue TTM 226.0m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.04 (Enterprise Value 24.6m / Total Assets 678.9m)
Interest Expense / Debt = 143.7% (Interest Expense 14.0m / Debt 9.76m)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 34.6m (EBIT 46.1m * (1 - 25.00%))
Current Ratio = 0.95 (Total Current Assets 471.9m / Total Current Liabilities 496.2m)
Debt / Equity = 0.07 (Debt 9.76m / totalStockholderEquity, last quarter 136.6m)
Debt / EBITDA = -1.13 (Net Debt -83.4m / EBITDA 73.9m)
Debt / FCF = -1.34 (Net Debt -83.4m / FCF TTM 62.2m)
Total Stockholder Equity = 146.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.13% (Net Income 8.07m / Total Assets 678.9m)
RoE = 5.53% (Net Income TTM 8.07m / Total Stockholder Equity 146.0m)
RoCE = 29.06% (EBIT 46.1m / Capital Employed (Equity 146.0m + L.T.Debt 12.8m))
RoIC = 21.95% (NOPAT 34.6m / Invested Capital 157.6m)
WACC = 9.88% (E(108.0m)/V(117.7m) * Re(10.77%) + (debt cost/tax rate unavailable))
Discount Rate = 10.77% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 71.83% ; FCFF base≈59.7m ; Y1≈65.5m ; Y5≈82.8m
[DCF] Fair Price = 3.47 (EV 1.00b - Net Debt -83.4m = Equity 1.08b / Shares 312.3m; r=9.88% [WACC]; 5y FCF grow 11.18% → 2.50% )
Revenue Correlation: 46.04 | Revenue CAGR: 2.60% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.01 | Chg30d=-85.89% | Revisions=+20% | GrowthEPS=+0.0% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=0.04 | Chg30d=-37.82% | Revisions=+20% | GrowthEPS=+422.0% | GrowthRev=+6.6%
[Analyst] Revisions Ratio: +20%