Aeffe S.p.A. (AEF.MI)

Aeffe S.p.A. (AEF.MI) — VMCI valuation read

Aeffe S.p.A. sits at VMCI 52/100, with the Consumer Cyclical sector median at 50. That 2-point spread is the first thing to note on AEF.MI: 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 AEF.MI 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 AEF.MI: AEF.MI trades at 26.0x earnings, 44% above the Consumer Cyclical median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Consumer Cyclical median (10.0%). The Risk read: net debt to EBITDA of 1.1x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

AEF.MI fell 2.4% over the trailing 7 days, with a -10.7% read on a 30-day basis.