GVS SPA (GVS.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:GVS • IT0005411209

4.205 EUR
+0.17 (+4.08%)
Last: Feb 4, 2026, 01:03 PM
Fundamental Rating

4

GVS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 68 industry peers in the Health Care Equipment & Supplies industry. While GVS is still in line with the averages on profitability rating, there are concerns on its financial health. GVS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • GVS had positive earnings in the past year.
  • GVS had a positive operating cash flow in the past year.
  • In the past 5 years GVS has always been profitable.
  • GVS had a positive operating cash flow in each of the past 5 years.
GVS.MI Yearly Net Income VS EBIT VS OCF VS FCFGVS.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

1.2 Ratios

  • GVS has a Return On Assets (1.65%) which is comparable to the rest of the industry.
  • With a Return On Equity value of 3.41%, GVS perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 6.19%, GVS is in line with its industry, outperforming 52.94% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for GVS is below the industry average of 9.62%.
  • The last Return On Invested Capital (6.19%) for GVS is above the 3 year average (5.58%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.65%
ROE 3.41%
ROIC 6.19%
ROA(3y)2.47%
ROA(5y)7.49%
ROE(3y)6.28%
ROE(5y)14.78%
ROIC(3y)5.58%
ROIC(5y)11.73%
GVS.MI Yearly ROA, ROE, ROICGVS.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • With a Profit Margin value of 3.58%, GVS perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
  • In the last couple of years the Profit Margin of GVS has declined.
  • The Operating Margin of GVS (14.40%) is better than 69.12% of its industry peers.
  • In the last couple of years the Operating Margin of GVS has declined.
  • GVS has a Gross Margin (55.98%) which is in line with its industry peers.
  • GVS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.4%
PM (TTM) 3.58%
GM 55.98%
OM growth 3Y-17.84%
OM growth 5Y-7.16%
PM growth 3Y-26.97%
PM growth 5Y-11.75%
GM growth 3Y-3.53%
GM growth 5Y-1.47%
GVS.MI Yearly Profit, Operating, Gross MarginsGVS.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GVS is destroying value.
  • GVS has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, GVS has more shares outstanding
  • The debt/assets ratio for GVS has been reduced compared to a year ago.
GVS.MI Yearly Shares OutstandingGVS.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
GVS.MI Yearly Total Debt VS Total AssetsGVS.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • GVS has an Altman-Z score of 2.22. This is not the best score and indicates that GVS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • GVS has a Altman-Z score (2.22) which is comparable to the rest of the industry.
  • GVS has a debt to FCF ratio of 149.75. This is a negative value and a sign of low solvency as GVS would need 149.75 years to pay back of all of its debts.
  • The Debt to FCF ratio of GVS (149.75) is worse than 66.18% of its industry peers.
  • GVS has a Debt/Equity ratio of 0.58. This is a neutral value indicating GVS is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.58, GVS is doing worse than 60.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 149.75
Altman-Z 2.22
ROIC/WACC0.83
WACC7.48%
GVS.MI Yearly LT Debt VS Equity VS FCFGVS.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

  • GVS has a Current Ratio of 1.72. This is a normal value and indicates that GVS is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.72, GVS perfoms like the industry average, outperforming 55.88% of the companies in the same industry.
  • A Quick Ratio of 1.25 indicates that GVS should not have too much problems paying its short term obligations.
  • GVS has a Quick ratio (1.25) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.72
Quick Ratio 1.25
GVS.MI Yearly Current Assets VS Current LiabilitesGVS.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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4

3. Growth

3.1 Past

  • The earnings per share for GVS have decreased strongly by -40.97% in the last year.
  • GVS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.08% yearly.
  • GVS shows a small growth in Revenue. In the last year, the Revenue has grown by 0.73%.
  • The Revenue has been growing by 13.51% on average over the past years. This is quite good.
EPS 1Y (TTM)-40.97%
EPS 3Y-21.12%
EPS 5Y0.08%
EPS Q2Q%-20%
Revenue 1Y (TTM)0.73%
Revenue growth 3Y8.22%
Revenue growth 5Y13.51%
Sales Q2Q%1.05%

3.2 Future

  • Based on estimates for the next years, GVS will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.14% on average per year.
  • GVS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.42% yearly.
EPS Next Y-5.98%
EPS Next 2Y10.85%
EPS Next 3Y12.14%
EPS Next 5YN/A
Revenue Next Year-0.68%
Revenue Next 2Y2.26%
Revenue Next 3Y3.42%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GVS.MI Yearly Revenue VS EstimatesGVS.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
GVS.MI Yearly EPS VS EstimatesGVS.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3 0.4 0.5

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3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 46.72, which means the current valuation is very expensive for GVS.
  • 61.76% of the companies in the same industry are cheaper than GVS, based on the Price/Earnings ratio.
  • GVS is valuated expensively when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 13.97, which indicates a correct valuation of GVS.
  • 86.76% of the companies in the same industry are more expensive than GVS, based on the Price/Forward Earnings ratio.
  • GVS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.51.
Industry RankSector Rank
PE 46.72
Fwd PE 13.97
GVS.MI Price Earnings VS Forward Price EarningsGVS.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GVS indicates a rather cheap valuation: GVS is cheaper than 80.88% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, GVS is valued a bit more expensive than 66.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF 366.09
EV/EBITDA 9.64
GVS.MI Per share dataGVS.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

  • A more expensive valuation may be justified as GVS's earnings are expected to grow with 12.14% in the coming years.
PEG (NY)N/A
PEG (5Y)553.13
EPS Next 2Y10.85%
EPS Next 3Y12.14%

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0

5. Dividend

5.1 Amount

  • GVS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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GVS SPA

BIT:GVS (2/4/2026, 1:03:17 PM)

4.205

+0.17 (+4.08%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-12
Earnings (Next)03-23
Inst Owners19.57%
Inst Owner ChangeN/A
Ins Owners63%
Ins Owner ChangeN/A
Market Cap795.50M
Revenue(TTM)429.31M
Net Income(TTM)15.38M
Analysts77.78
Price Target6 (42.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-50.49%
Min EPS beat(2)-50.49%
Max EPS beat(2)-50.49%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.38%
Min Revenue beat(2)-3.66%
Max Revenue beat(2)0.9%
Revenue beat(4)2
Avg Revenue beat(4)-1.79%
Min Revenue beat(4)-6.4%
Max Revenue beat(4)1.99%
Revenue beat(8)3
Avg Revenue beat(8)-0.45%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.59%
Valuation
Industry RankSector Rank
PE 46.72
Fwd PE 13.97
P/S 1.85
P/FCF 366.09
P/OCF 12.26
P/B 1.76
P/tB N/A
EV/EBITDA 9.64
EPS(TTM)0.09
EY2.14%
EPS(NY)0.3
Fwd EY7.16%
FCF(TTM)0.01
FCFY0.27%
OCF(TTM)0.34
OCFY8.16%
SpS2.27
BVpS2.38
TBVpS-0.12
PEG (NY)N/A
PEG (5Y)553.13
Graham Number2.2
Profitability
Industry RankSector Rank
ROA 1.65%
ROE 3.41%
ROCE 8.14%
ROIC 6.19%
ROICexc 6.46%
ROICexgc 18.43%
OM 14.4%
PM (TTM) 3.58%
GM 55.98%
FCFM 0.51%
ROA(3y)2.47%
ROA(5y)7.49%
ROE(3y)6.28%
ROE(5y)14.78%
ROIC(3y)5.58%
ROIC(5y)11.73%
ROICexc(3y)7.42%
ROICexc(5y)17.74%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.34%
ROCE(5y)15.42%
ROICexgc growth 3Y-16.96%
ROICexgc growth 5Y-11.72%
ROICexc growth 3Y-26.6%
ROICexc growth 5Y-19.5%
OM growth 3Y-17.84%
OM growth 5Y-7.16%
PM growth 3Y-26.97%
PM growth 5Y-11.75%
GM growth 3Y-3.53%
GM growth 5Y-1.47%
F-Score8
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 149.75
Debt/EBITDA 2.44
Cap/Depr 140.13%
Cap/Sales 14.61%
Interest Coverage 250
Cash Conversion 60.89%
Profit Quality 14.13%
Current Ratio 1.72
Quick Ratio 1.25
Altman-Z 2.22
F-Score8
WACC7.48%
ROIC/WACC0.83
Cap/Depr(3y)69.47%
Cap/Depr(5y)94.36%
Cap/Sales(3y)7.08%
Cap/Sales(5y)7.35%
Profit Quality(3y)312.64%
Profit Quality(5y)218.33%
High Growth Momentum
Growth
EPS 1Y (TTM)-40.97%
EPS 3Y-21.12%
EPS 5Y0.08%
EPS Q2Q%-20%
EPS Next Y-5.98%
EPS Next 2Y10.85%
EPS Next 3Y12.14%
EPS Next 5YN/A
Revenue 1Y (TTM)0.73%
Revenue growth 3Y8.22%
Revenue growth 5Y13.51%
Sales Q2Q%1.05%
Revenue Next Year-0.68%
Revenue Next 2Y2.26%
Revenue Next 3Y3.42%
Revenue Next 5YN/A
EBIT growth 1Y13.62%
EBIT growth 3Y-11.09%
EBIT growth 5Y5.39%
EBIT Next Year38.8%
EBIT Next 3Y18.75%
EBIT Next 5YN/A
FCF growth 1Y-96.34%
FCF growth 3Y22.79%
FCF growth 5Y7.4%
OCF growth 1Y-21.09%
OCF growth 3Y20.52%
OCF growth 5Y12.09%

GVS SPA / GVS.MI FAQ

What is the fundamental rating for GVS stock?

ChartMill assigns a fundamental rating of 4 / 10 to GVS.MI.


What is the valuation status of GVS SPA (GVS.MI) stock?

ChartMill assigns a valuation rating of 3 / 10 to GVS SPA (GVS.MI). This can be considered as Overvalued.


Can you provide the profitability details for GVS SPA?

GVS SPA (GVS.MI) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for GVS stock?

The Price/Earnings (PE) ratio for GVS SPA (GVS.MI) is 46.72 and the Price/Book (PB) ratio is 1.76.


What is the earnings growth outlook for GVS SPA?

The Earnings per Share (EPS) of GVS SPA (GVS.MI) is expected to decline by -5.98% in the next year.