Mc-Link
On 20 February 2013, Mc-Link was admitted to listing on the AIM Italia market by Borsa Italiana. Integrae SIM assisted MC-link in raising approximately 2.6 million Euros.
The placement price is equal to € 7.65.
The enterprise. MC-link is a Telecommunications operator whose mission is to provide data services, telephony, internet, and data centers of excellence, its activity today is focused on the Business segment with particular attention to the SME and Large Account components.
The year that officially marked the transition of MC-link from simple ISP to TLC operator was 2009, the year in which the company merged by incorporation with Alpikom, TLC operator of Trentino-Alto Adige. The integration of the two companies has led to an expansion of the business of standardized connectivity services with higher value-added services designed to meet the specific needs of corporate customers. To date, MC-link has a portfolio of 22,000 clients.
Ultima Ricerca Mc-Link
UPDATE| In FY25A, E-Globe reported Sales Revenues of €32.62 million, up 21.8% compared to €26.78 million in FY24A, confirming the progressive strengthening of its competitive positioning in the air conditioning and climate control market. EBITDA in FY25A was negative at € -0.80 million, improving compared to the negative figure of € -1.39 million recorded in FY24A. EBIT, after depreciation, amortization, and write-downs of €0.75 million, improved from € -2.09 million in FY24A to € -1.55 million in FY25A, with the EBIT margin improving from -7.6% to -4.7%. As a result, Net Income also remained negative at € -2.26 million, compared to the negative result of € -2.12 million recorded in the previous year. From a balance sheet perspective, Net Financial Position (NFP) stood at €5.18 million of net debt, worsening compared to €4.05 million recorded as of December 31, 2024. In light of the results published in the FY25A annual report, we have revised our estimates for both the current year and the coming years. In particular, we estimate FY26E Value of Production at €28.50 million and EBITDA at €0.60 million, corresponding to a margin of 2.1%. For the following years, we expect the Value of Production to increase up to €34.50 million (25A–28E CAGR: 1.4%) in FY28E, with EBITDA reaching €2.10 million (corresponding to a margin of 6.1%), up compared to € -0.80 million recorded in FY25A (corresponding to an EBITDA margin of -2.4%). From a balance sheet perspective, we finally estimate FY26E Net Financial Position (NFP) at €3.17 million of net debt. We conducted our valuation of the equity value of E-Globe based on the DCF method. The DCF method (including, for prudential purposes, a specific risk of 2.5% in the calculation of the WACC) returned an equity value of € 14.5 million. The target price is € 0.80, with a BUY rating and MEDIUM risk |
