Added to YB: 2026-07-20
Pitch date: 2026-07-16
DOV.MI [neutral]
doValue S.p.A.
-32.57%
current return
Author Info
Undervalued and undercovered searches for undervalued stocks with little coverage. Sign up for the newsletter.
Company Info
doValue S.p.A. engages in the management of non-performing loans (NLP), unlikely to pay (UTP), early arrears, and performing loans for banks and investors in Italy, Spain, Greece, and Cyprus.
Market Cap
EUR 461.2M
Pitch Price
EUR 2.41
Price Target
N/A
Dividend
3.80%
EV/EBITDA
6.31
P/E
-26.57
EV/Sales
1.95
Sector
Commercial Services and Supplies
Category
value
The NPL Industry: Left for Dead, Antifragile, and Cheap. High Uncorrelated Returns? - doValue S.p.A.
DOV.MI (needs more research): SE Europe's largest NPL servicer, EUR136B managed, fee annuity w/ minimal credit risk. Book flat as new mandates offset run-off. Diversifying via Germany + coeo (payments/e-commerce), non-NPL ~1/3 rev. EV ~EUR870M, ~4x EBITDA, 18-21% FCF yield, 2.0x lev. Priced for terminal decline; free option on SE Europe. Very complex, more work needed.
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