Added to YB: 2025-12-03
Pitch date: 2025-12-01
DEA.MI [bullish]
Distribuzione Elettrica Adriatica S.p.a.
Author Info
No bio for this author
Company Info
Distribuzione Elettrica Adriatica S.p.a. engages in managing the electricity network in Central and Northern Italy.
Market Cap
EUR 62.5M
Pitch Price
EUR 8.00
Price Target
N/A
Dividend
3.16%
EV/EBITDA
5.24
P/E
13.38
EV/Sales
1.71
Sector
Electric Utilities
Category
value
Investment Thesis: Small Cap: With Catalysts in 2026? - Distribuzione Elettrica Adriatica
DEA.MI: Italian electric distributor trading at €700/connection point vs €1,600-1,690 sector transactions (57% discount). 20%+ discount to NAV. Conservative capital structure limits growth - adding €45M debt (2.5x EBITDA) could boost pre-tax profit 50%, dropping to 7x P/E from 11x. Acquisition pipeline includes 24K Sanremo points (+30% growth). Risks: low liquidity, regulatory dependence.
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