{"id":27139,"date":"2024-10-14T16:08:32","date_gmt":"2024-10-14T14:08:32","guid":{"rendered":"https:\/\/integrae.it\/?p=27139"},"modified":"2024-10-14T16:09:16","modified_gmt":"2024-10-14T14:09:16","slug":"update-14-10-2024-9","status":"publish","type":"post","link":"https:\/\/integrae.it\/en\/ricerche\/update-14-10-2024-9\/","title":{"rendered":"UPDATE 14.10.2024"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Casta Diva Group, in its financial report as of June 30th, 2024, recorded a value of production of \u20ac58.22 million, showing a significant increase of 15.2% compared to \u20ac50.54 million generated in 1H23A. The Adjusted EBITDA, as of June 30th, 2024, stands at \u20ac5.10 million, corresponding to a margin of 8.8%, up from \u20ac4.10 million recorded at the end of the first half of 2023 (Adjusted EBITDA margin of 8.1%). The Adjusted EBIT is \u20ac3.90 million, representing a margin of 6.7%, up from \u20ac2.82 million recorded in 1H23A, with an Adjusted EBIT margin of 5.6%. The Net Income is also positive, amounting to \u20ac2.02 million, marking a growth of 12.6% compared to the equivalent figure for 1H23A, which was \u20ac1.80 million.<br><br>In light of the results published in the annual report for FY23A, we fully confirm our estimates for both the current year and the coming years. Specifically, we estimate a value of production for FY24E of \u20ac121.10 million and an EBITDA of \u20ac11.90 million, corresponding to a margin of 9.8%. For the following years, we expect the value of production to increase to \u20ac153.60 million (CAGR 23A-26E: 11.3%) in FY26E, with an EBITDA of \u20ac18.00 million (corresponding to a margin of 11.7%), up from \u20ac8.57 million in FY23A (corresponding to an EBITDA margin of 7.7%).<br><br>We conducted the equity value assessment of Casta Diva Group based on the DCF methodology and the multiples of a sample of comparable companies. The DCF method (which, for prudential purposes, includes a specific risk of 2.5% in the WACC calculation) yields an equity value of \u20ac69.4 million. The equity value of Casta Diva Group using market multiples amounts to \u20ac58.9 million (including a 25.0% discount). This results in an average equity value of approximately \u20ac64.2 million.&nbsp;<strong>The target price is \u20ac3.20, with a BUY rating and MEDIUM risk<\/strong>.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Casta Diva Group, in its financial report as of June 30th, 2024, recorded a value of production of \u20ac58.22 million, showing a significant increase of 15.2% compared to \u20ac50.54 million generated in 1H23A. The<\/p>\n","protected":false},"author":5,"featured_media":24883,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-ricerche.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,130],"tags":[218],"class_list":["post-27139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ricerche","category-update","tag-casta-diva-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPDATE 14.10.2024 - integrae.it \u2013 Financial Boutique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/integrae.it\/en\/ricerche\/update-14-10-2024-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPDATE 14.10.2024 - integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"og:description\" content=\"Casta Diva Group, in its financial report as of June 30th, 2024, recorded a value of production of \u20ac58.22 million, showing a significant increase of 15.2% compared to \u20ac50.54 million generated in 1H23A. 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