Racing Force S.p.A. (ALRFG.PA)

Racing Force S.p.A. (ALRFG.PA) — VMCI valuation read

Headline read on ALRFG.PA: VMCI of 51/100 versus a Consumer Cyclical sector median of 50. The 1-point above-median position is what makes Racing Force S.p.A. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on ALRFG.PA: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on ALRFG.PA: value (ALRFG.PA trades at 23.0x earnings, 28% above the Consumer Cyclical median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Consumer Cyclical median (10.0%)), and risk (net debt to EBITDA of 2.7x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Cyclical 12.0x baseline.

ALRFG.PA rose 3.0% over the trailing 7 days, with a -2.5% read on a 30-day basis.