SOL SPA (SOL.MI) Fundamental Analysis & Valuation

BIT:SOL • IT0001206769

52.7 EUR
+1.3 (+2.53%)
Last: Mar 10, 2026, 01:17 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This SOL.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SOL. SOL was compared to 67 industry peers in the Chemicals industry. SOL scores excellent on profitability, but there are some minor concerns on its financial health. SOL is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. SOL.MI Profitability Analysis

1.1 Basic Checks

  • In the past year SOL was profitable.
  • In the past year SOL had a positive cash flow from operations.
  • In the past 5 years SOL has always been profitable.
  • In the past 5 years SOL always reported a positive cash flow from operatings.
SOL.MI Yearly Net Income VS EBIT VS OCF VS FCFSOL.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

1.2 Ratios

  • The Return On Assets of SOL (6.90%) is better than 82.09% of its industry peers.
  • SOL's Return On Equity of 14.75% is amongst the best of the industry. SOL outperforms 80.60% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.43%, SOL is in the better half of the industry, outperforming 76.12% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for SOL is above the industry average of 6.88%.
Industry RankSector Rank
ROA 6.9%
ROE 14.75%
ROIC 9.43%
ROA(3y)7.4%
ROA(5y)7.14%
ROE(3y)15.45%
ROE(5y)15.08%
ROIC(3y)9.86%
ROIC(5y)9.24%
SOL.MI Yearly ROA, ROE, ROICSOL.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 9.17%, SOL belongs to the top of the industry, outperforming 80.60% of the companies in the same industry.
  • SOL's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 14.58%, SOL belongs to the top of the industry, outperforming 80.60% of the companies in the same industry.
  • SOL's Operating Margin has improved in the last couple of years.
  • The Gross Margin of SOL (74.36%) is better than 98.51% of its industry peers.
  • SOL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.58%
PM (TTM) 9.17%
GM 74.36%
OM growth 3Y6.63%
OM growth 5Y6.24%
PM growth 3Y4.46%
PM growth 5Y10.95%
GM growth 3Y0.25%
GM growth 5Y-0.73%
SOL.MI Yearly Profit, Operating, Gross MarginsSOL.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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6

2. SOL.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SOL is still creating some value.
  • The number of shares outstanding for SOL remains at a similar level compared to 1 year ago.
  • SOL has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SOL has an improved debt to assets ratio.
SOL.MI Yearly Shares OutstandingSOL.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
SOL.MI Yearly Total Debt VS Total AssetsSOL.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 4.31 indicates that SOL is not in any danger for bankruptcy at the moment.
  • SOL has a better Altman-Z score (4.31) than 88.06% of its industry peers.
  • SOL has a Debt/Equity ratio of 0.70. This is a neutral value indicating SOL is somewhat dependend on debt financing.
  • SOL's Debt to Equity ratio of 0.70 is on the low side compared to the rest of the industry. SOL is outperformed by 65.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF N/A
Altman-Z 4.31
ROIC/WACC1.15
WACC8.18%
SOL.MI Yearly LT Debt VS Equity VS FCFSOL.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 2.29 indicates that SOL has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.29, SOL is in the better half of the industry, outperforming 76.12% of the companies in the same industry.
  • SOL has a Quick Ratio of 2.04. This indicates that SOL is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 2.04, SOL belongs to the best of the industry, outperforming 86.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 2.04
SOL.MI Yearly Current Assets VS Current LiabilitesSOL.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. SOL.MI Growth Analysis

3.1 Past

  • SOL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.79%, which is quite good.
  • The Earnings Per Share has been growing by 24.51% on average over the past years. This is a very strong growth
  • SOL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.37%.
  • The Revenue has been growing by 12.23% on average over the past years. This is quite good.
EPS 1Y (TTM)10.79%
EPS 3Y18.14%
EPS 5Y24.51%
EPS Q2Q%11.5%
Revenue 1Y (TTM)11.37%
Revenue growth 3Y13.11%
Revenue growth 5Y12.23%
Sales Q2Q%12.12%

3.2 Future

  • Based on estimates for the next years, SOL will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.80% on average per year.
  • The Revenue is expected to grow by 5.14% on average over the next years.
EPS Next Y9.79%
EPS Next 2Y9.87%
EPS Next 3Y8.8%
EPS Next 5YN/A
Revenue Next Year10.54%
Revenue Next 2Y8.77%
Revenue Next 3Y8.22%
Revenue Next 5Y5.14%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SOL.MI Yearly Revenue VS EstimatesSOL.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
SOL.MI Yearly EPS VS EstimatesSOL.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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2

4. SOL.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • SOL is valuated quite expensively with a Price/Earnings ratio of 30.64.
  • SOL's Price/Earnings is on the same level as the industry average.
  • SOL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.45.
  • With a Price/Forward Earnings ratio of 25.65, SOL can be considered very expensive at the moment.
  • SOL's Price/Forward Earnings is on the same level as the industry average.
  • SOL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 30.64
Fwd PE 25.65
SOL.MI Price Earnings VS Forward Price EarningsSOL.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • SOL's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.38
SOL.MI Per share dataSOL.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • SOL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.13
PEG (5Y)1.25
EPS Next 2Y9.87%
EPS Next 3Y8.8%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. SOL.MI Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.74%, SOL is not a good candidate for dividend investing.
  • SOL's Dividend Yield is slightly below the industry average, which is at 2.29.
  • With a Dividend Yield of 0.74, SOL pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.74%

5.2 History

  • The dividend of SOL is nicely growing with an annual growth rate of 16.74%!
Dividend Growth(5Y)16.74%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 24.08% of the earnings are spent on dividend by SOL. This is a low number and sustainable payout ratio.
  • SOL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.08%
EPS Next 2Y9.87%
EPS Next 3Y8.8%
SOL.MI Yearly Income VS Free CF VS DividendSOL.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
SOL.MI Dividend Payout.SOL.MI Dividend Payout, showing the Payout Ratio.SOL.MI Dividend Payout.PayoutRetained Earnings

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SOL.MI Fundamentals: All Metrics, Ratios and Statistics

SOL SPA

BIT:SOL (3/10/2026, 1:17:39 PM)

52.7

+1.3 (+2.53%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-07
Earnings (Next)03-26
Inst Owners20.7%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.78B
Revenue(TTM)1.70B
Net Income(TTM)156.30M
Analysts77.78
Price Target54.75 (3.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.74%
Yearly Dividend0.42
Dividend Growth(5Y)16.74%
DP24.08%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 30.64
Fwd PE 25.65
P/S 2.8
P/FCF N/A
P/OCF 19.25
P/B 4.51
P/tB 6.44
EV/EBITDA 12.38
EPS(TTM)1.72
EY3.26%
EPS(NY)2.05
Fwd EY3.9%
FCF(TTM)-0.08
FCFYN/A
OCF(TTM)2.74
OCFY5.2%
SpS18.8
BVpS11.68
TBVpS8.18
PEG (NY)3.13
PEG (5Y)1.25
Graham Number21.26
Profitability
Industry RankSector Rank
ROA 6.9%
ROE 14.75%
ROCE 13.56%
ROIC 9.43%
ROICexc 10.96%
ROICexgc 13.59%
OM 14.58%
PM (TTM) 9.17%
GM 74.36%
FCFM N/A
ROA(3y)7.4%
ROA(5y)7.14%
ROE(3y)15.45%
ROE(5y)15.08%
ROIC(3y)9.86%
ROIC(5y)9.24%
ROICexc(3y)11.29%
ROICexc(5y)10.84%
ROICexgc(3y)14.14%
ROICexgc(5y)13.44%
ROCE(3y)14.19%
ROCE(5y)13.36%
ROICexgc growth 3Y7.2%
ROICexgc growth 5Y5.88%
ROICexc growth 3Y6.27%
ROICexc growth 5Y5.33%
OM growth 3Y6.63%
OM growth 5Y6.24%
PM growth 3Y4.46%
PM growth 5Y10.95%
GM growth 3Y0.25%
GM growth 5Y-0.73%
F-Score6
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF N/A
Debt/EBITDA 1.81
Cap/Depr 156.86%
Cap/Sales 14.98%
Interest Coverage 2.78
Cash Conversion 60.37%
Profit Quality N/A
Current Ratio 2.29
Quick Ratio 2.04
Altman-Z 4.31
F-Score6
WACC8.18%
ROIC/WACC1.15
Cap/Depr(3y)142.12%
Cap/Depr(5y)134.91%
Cap/Sales(3y)13.67%
Cap/Sales(5y)13.69%
Profit Quality(3y)37.87%
Profit Quality(5y)46.73%
High Growth Momentum
Growth
EPS 1Y (TTM)10.79%
EPS 3Y18.14%
EPS 5Y24.51%
EPS Q2Q%11.5%
EPS Next Y9.79%
EPS Next 2Y9.87%
EPS Next 3Y8.8%
EPS Next 5YN/A
Revenue 1Y (TTM)11.37%
Revenue growth 3Y13.11%
Revenue growth 5Y12.23%
Sales Q2Q%12.12%
Revenue Next Year10.54%
Revenue Next 2Y8.77%
Revenue Next 3Y8.22%
Revenue Next 5Y5.14%
EBIT growth 1Y7.54%
EBIT growth 3Y20.6%
EBIT growth 5Y19.23%
EBIT Next Year42.79%
EBIT Next 3Y17.97%
EBIT Next 5YN/A
FCF growth 1Y-108.3%
FCF growth 3Y1.91%
FCF growth 5Y18.79%
OCF growth 1Y-11.74%
OCF growth 3Y15.6%
OCF growth 5Y9.8%

SOL SPA / SOL.MI FAQ

What is the fundamental rating for SOL stock?

ChartMill assigns a fundamental rating of 6 / 10 to SOL.MI.


What is the valuation status of SOL SPA (SOL.MI) stock?

ChartMill assigns a valuation rating of 2 / 10 to SOL SPA (SOL.MI). This can be considered as Overvalued.


What is the profitability of SOL stock?

SOL SPA (SOL.MI) has a profitability rating of 8 / 10.


What is the valuation of SOL SPA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SOL SPA (SOL.MI) is 30.64 and the Price/Book (PB) ratio is 4.51.


Can you provide the financial health for SOL stock?

The financial health rating of SOL SPA (SOL.MI) is 6 / 10.