Added to YB: 2025-08-27
Pitch date: 2025-08-24
MET.MI [bullish]
Met.Extra Group S.p.A.
+7.69%
current return
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
Met.Extra Group S.p.A. processes and markets ferrous and non-ferrous materials used in the production of stainless steel in Italy and Europe.
Market Cap
EUR 6.5M
Pitch Price
EUR 1.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.98
P/E
3.27
EV/Sales
0.35
Sector
Financial Services
Category
value
Overlooked Nanocap in a Niche Market at 3x Earnings - Met.Extra Group S.p.A.
MET.MI: €7.5M Italian metal recycler at 3x earnings despite 12-13% EBITDA margins & cycle-resilient model. Revenue fell 20% 2022-24 but margins held/improved as middleman structure protects vs steel price swings. €6.7M lawsuit risk worst-case pushes to 5.5x earnings. 81% controlled by Kyklos, €1M float.
Read full article (5 min)