STVNStevanato Group S.p.A.

$22.42

Is the business good?

How good a business is STVN?

Stevanato Group S.p.A. earns 8.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

8.7%

Return on invested capital · cost of capital 9.0% · 0.28 points below what the capital costs: growth destroys value

Operating margin
17%

Operating margin · Medical Instruments & Supplies median 5.8% · fiscal year to FY2025

Cash conversion
0.16×

Cash conversion · −1.25× a year ago · some of the reported profit has not turned into cash yet

Share count, year on year
+0.67%

Share count, year on year · flat: no meaningful dilution

Operating margin by fiscal year
YearOperating margin
FY202016%
FY202119%
FY202220%
FY202318%
FY202415%
FY202517%
Details
Gross marginfiscal year to FY2025
29%
Operating marginfiscal year to FY2025
17%
Net marginfiscal year to FY2025
12%
Free cash flow margin
1.9%
R&D as % of revenue
2.1%
Revenue, trailing twelve months
$1.19B
Free cash flow, trailing twelve months
$22M
Net income, trailing twelve months
$140M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
8.7%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.