Added to YB: 2025-03-05
Pitch date: 2025-03-03
ZV.MI [bullish]
Zignago Vetro S.p.A.
-19.98%
current return
Author Info
DB_Silver_Fox is a CFO and value investor interested in: European & US hidden champions, simple and effective business models, and US Banks. Sign up for the newsletter.
Company Info
Zignago Vetro S.p.A., together with its subsidiaries, engages in the production, marketing, and sale of hollow glass containers in Italy, rest of Europe, and internationally.
Market Cap
EUR 860.0M
Pitch Price
EUR 9.36
Price Target
13.79 (+84%)
Dividend
7.71%
EV/EBITDA
8.19
P/E
14.63
EV/Sales
2.33
Sector
Containers and Packaging
Category
value
$ZV.MI - An Italian boring business positioned on the longevity track.
ZV.MI: Italian glass container producer, cyclical but solid. 40%+ food/bev, 25%+ cosmetics. Diversified clients, strategically located. Family-owned (64% Marzotto). Consistent profits since 2005. Normalized P/E 11.5x-17.9x. 6% FCF yield. Undervalued at <€10/share. Long-term tailwinds: recyclability, margin expansion potential.
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