Added to YB: 2026-07-20
Pitch date: 2026-07-16
DOV.MI [neutral]
doValue S.p.A.
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
N/A
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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