Almawave S.p.A. (AIW.MI)

Almawave S.p.A. (AIW.MI) — VMCI valuation read

Composite valuation read on AIW.MI: VMCI 51/100 against a Technology sector median of 50. The 1-point above-median print is the headline number for Almawave S.p.A., and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.

Trailing 30-day insider activity for AIW.MI: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.

**Investor frame.** Value, quality, risk in three lines on AIW.MI: AIW.MI trades at 23.0x earnings, 28% above the Technology median of 18.0x; ROIC of 9.0% trails the Technology median (10.0%) by 1.0pp; net debt to EBITDA of -0.4x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Technology closes the value frame.

AIW.MI rose 3.0% over the trailing 7 days, with a -18.6% read on a 30-day basis.