As of June 14, 2025, Vimi Fasteners SpA has a Discounted Cash Flow (DCF) derived fair value of $5.51 per share. With the current market price at $0.98, this represents a potential upside of 459.1%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $1.25 |
| DCF Fair Value (10-year) | $5.51 |
| Potential Upside (5-year) | 26.5% |
| Potential Upside (10-year) | 459.1% |
| Discount Rate (WACC) | 5.3% - 10.6% |
Revenue is projected to grow from $55 million in 12-2024 to $130 million by 12-2034, representing a compound annual growth rate of approximately 9.0%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2024 | 55 | 7% |
| 12-2025 | 65 | 19% |
| 12-2026 | 69 | 5% |
| 12-2027 | 77 | 12% |
| 12-2028 | 87 | 13% |
| 12-2029 | 99 | 13% |
| 12-2030 | 107 | 8% |
| 12-2031 | 112 | 5% |
| 12-2032 | 118 | 5% |
| 12-2033 | 124 | 5% |
| 12-2034 | 130 | 5% |
Net profit margin is expected to improve from 1% in 12-2024 to 6% by 12-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2024 | 1 | 1% |
| 12-2025 | 1 | 2% |
| 12-2026 | 2 | 3% |
| 12-2027 | 3 | 4% |
| 12-2028 | 4 | 5% |
| 12-2029 | 6 | 6% |
| 12-2030 | 6 | 6% |
| 12-2031 | 6 | 6% |
| 12-2032 | 7 | 6% |
| 12-2033 | 7 | 6% |
| 12-2034 | 7 | 6% |
with a 5-year average of $3 million. Projected CapEx is expected to maintain at approximately 5% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2025 | 3 |
| 12-2026 | 3 |
| 12-2027 | 3 |
| 12-2028 | 4 |
| 12-2029 | 4 |
| 12-2030 | 5 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 86 |
| Days Inventory | 149 |
| Days Payables | 106 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2025 | 5 | 0 | 3 | 2 | (0) |
| 2026 | 6 | 0 | 4 | 2 | 0 |
| 2027 | 8 | 0 | 4 | 2 | 1 |
| 2028 | 10 | 0 | 5 | 3 | 2 |
| 2029 | 12 | 1 | 5 | 4 | 2 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 1.25 | 26.5% |
| 10-Year DCF (Growth) | 5.51 | 459.1% |
| 5-Year DCF (EBITDA) | 0.90 | -7.8% |
| 10-Year DCF (EBITDA) | 2.27 | 131.6% |
Is Vimi Fasteners SpA (VIM.MI) a buy or a sell? Vimi Fasteners SpA is definitely a buy. Based on our DCF analysis, Vimi Fasteners SpA (VIM.MI) appears to be significantly undervalued with upside potential of 459.1%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider a strong buy at the current market price of $0.98.