Davide Campari-Milano N.V. (0ROY.L)

Davide Campari-Milano N.V. (0ROY.L) — VMCI valuation read

Davide Campari-Milano N.V. sits at VMCI 54/100, with the Consumer Defensive sector median at 50. That 4-point spread is the first thing to note on 0ROY.L: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 0ROY.L are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 0ROY.L: 0ROY.L trades at 20.0x earnings, 11% above the Consumer Defensive median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Consumer Defensive median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 3.3x is the binding constraint on the bear case, anchoring the bear scenario on a measurable balance-sheet metric.

0ROY.L rose 0.4% over the trailing 7 days, with a -20.8% read on a 30-day basis.