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Reply SpA
MIL:REY

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Reply SpA
MIL:REY
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Price: 91.9 EUR -4.07% Market Closed
Market Cap: €3.4B

EV/EBIT

6.9
Current
53%
Cheaper
vs 3-y average of 14.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
6.9
=
Enterprise Value
€2.4B
/
EBIT
€397.4m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
6.9
=
Enterprise Value
€2.4B
/
EBIT
€397.4m

Valuation Scenarios

Reply SpA is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (14.5), the stock would be worth €193.63 (111% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+131%
Average Upside
85%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 6.9 €91.9
0%
3-Year Average 14.5 €193.63
+111%
5-Year Average 15.9 €212.34
+131%
Industry Average 9.2 €123.23
+34%
Country Average 11.2 €149.52
+63%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€2.4B
/
Jan 2026
€397.4m
=
6.9
Current
€2.4B
/
Dec 2026
€407.8m
=
6
Forward
€2.4B
/
Dec 2027
€436.2m
=
5.6
Forward
€2.4B
/
Dec 2028
€459.4m
=
5.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IT
Reply SpA
MIL:REY
3.6B EUR 6.9 12.9
US
International Business Machines Corp
NYSE:IBM
216B USD 23.8 20.4
JP
BrainPad Inc
TSE:3655
20.9T JPY 52.7 551.4
IE
Accenture PLC
NYSE:ACN
109.7B USD 9.3 14.3
IN
Tata Consultancy Services Ltd
NSE:TCS
9.2T INR 13.2 19
IN
Infosys Ltd
NSE:INFY
5.1T INR 13.4 18
JP
Fujitsu Ltd
TSE:6702
6.6T JPY 16.8 13.9
IN
HCL Technologies Ltd
NSE:HCLTECH
3.5T INR 14.4 21
JP
NEC Corp
TSE:6701
5.7T JPY 17.9 23.3
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 21 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 21.1 39.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IT
Reply SpA
MIL:REY
Average EV/EBIT: 19.1
6.9
5%
1.4
US
International Business Machines Corp
NYSE:IBM
23.8
19%
1.3
JP
BrainPad Inc
TSE:3655
52.7
N/A N/A
IE
Accenture PLC
NYSE:ACN
9.3
7%
1.3
IN
Tata Consultancy Services Ltd
NSE:TCS
13.2
9%
1.5
IN
Infosys Ltd
NSE:INFY
13.4
9%
1.5
JP
Fujitsu Ltd
TSE:6702
16.8
N/A N/A
IN
HCL Technologies Ltd
NSE:HCLTECH
14.4
9%
1.6
JP
NEC Corp
TSE:6701
17.9
14%
1.3
JP
N
NTT Data Group Corp
DUS:NT5
21
N/A N/A
JP
NTT Data Corp
TSE:9613
21.1
N/A N/A

Market Distribution

Lower than 74% of companies in Italy
Percentile
26th
Based on 760 companies
26th percentile
6.9
Low
0.9 — 7.7
Typical Range
7.7 — 14.9
High
14.9 —
Distribution Statistics
Italy
Min 0.9
30th Percentile 7.7
Median 11.2
70th Percentile 14.9
Max 472.1

Reply SpA
Glance View

Reply SpA, an Italian multinational company, has carved a distinct niche in the realm of digital services through a finely-tuned blend of technology and innovation. Founded in 1996, the company has swiftly grown into a global IT powerhouse, guided by the compelling vision of providing consultancy, integration, and digital services across a spectrum of business segments. At its core, Reply SpA specializes in creating cutting-edge solutions that cater to the multifaceted demands of the modern digital landscape. By leveraging expertise in areas like cloud computing, big data, artificial intelligence, and the Internet of Things, Reply seamlessly connects these advanced technologies to practical business applications, helping clients navigate digital transformation with precision. The financial engine of Reply SpA is fueled by a combination of consulting fees, software solutions, and managed services. The company’s revenue model hinges on delivering tailored digital solutions that generate value for a diverse clientele, spanning industries such as telecommunications, financial services, and utilities. Reply's success in monetizing its services lies in its ability to adapt and integrate emerging technologies to optimize its clients' operational efficiencies and market competitiveness. With a strong focus on strategic partnerships, innovation, and customer-centric approaches, Reply SpA continues to capitalize on the growing demand for digital transformation services, ensuring a sustainable and profitable business trajectory amidst the ever-evolving technological landscape.

REY Intrinsic Value
130.72 EUR
Undervaluation 30%
Intrinsic Value
Price €91.9
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