Borgosesia Valuation Multiples

Borgosesia is valued at $40M as of October 2026, a 8.0x revenue multiple. In the last 12 months, Borgosesia revenue was $30M and Borgosesia EBITDA was $15M.

Borgosesia Overview

About Borgosesia

Borgosesia is an Italian investment company based in Milan whose shares are listed on Euronext Milan. It invests in alternative assets, mainly securities backed by tax and non-tax receivables and pending litigation, real estate, and energy generation, and it runs an asset management arm through Borgosesia Gestioni SGR. It entered the Italian bank-intermediary space in December 2025 by buying OneOSix and holds minority and majority stakes in real estate and agricultural companies. In 2021 it reported net profit of EUR 7.87 million and adjusted consolidated EBITDA of EUR 12 million, and in December 2021 it sold 5% of its capital to DDM Holding. In February 2026 Alba, a vehicle controlled by Istituto Atesino di Sviluppo, launched a takeover bid at EUR 0.71 per share and held 79.145% of the company after the offer closed.


Founded

1873

HQ

Italy

Employees

5

Sectors

Financials (LTM)

Revenue: $30M
EBITDA: $15M

EV

$237M

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Borgosesia Financials

Borgosesia reported last 12-month revenue of $30M and EBITDA of $15M.

In the same LTM period, Borgosesia generated $30M in gross profit, $15M in EBITDA, and $4M in net income.

Revenue (LTM)


Borgosesia P&L

In the most recent fiscal year, Borgosesia reported revenue of $20M and EBITDA of $12M.

Borgosesia is profitable as of last fiscal year, with gross margin of 5%, EBITDA margin of 62%, and net margin of 16%.

See analyst estimates for Borgosesia
LTMLast FY202320242025202620272028
Revenue$30M$20M$17M$19M$20M
Gross Profit$30M$1M($263K)$3M$1M
Gross Margin100%5%(2%)14%5%
EBITDA$15M$12M$14M$16M$12M
EBITDA Margin51%62%81%84%62%
EBIT Margin50%40%10%10%40%
Net Profit$4M$3M$6M$3M$3M
Net Margin12%16%34%15%16%
Net Debt-$155M---

Financial data powered by Morningstar, Inc.

Borgosesia Stock Performance

Borgosesia has current market cap of $40M, and enterprise value of $237M.

Market Cap Evolution


Borgosesia's stock price is $0.84.

Borgosesia share price decreased by 3.1% in the last 30 days, and increased by 26.1% in the last year.

Borgosesia has an EPS (earnings per share) of $0.06.

See more trading valuation data for Borgosesia
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$237M$40M-1.6%-3.1%1.7%26.1%$0.06

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Borgosesia Valuation Multiples

Borgosesia trades at 8.0x EV/Revenue multiple, and 15.7x EV/EBITDA.

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EV / Revenue (LTM)


Borgosesia Financial Valuation Multiples

As of October 22, 2026, Borgosesia has market cap of $40M and EV of $237M.

Borgosesia has a P/E ratio of 10.8x.

LTMLast FY202320242025202620272028
EV/Revenue8.0x12.1x14.2x12.5x12.1x
EV/EBITDA15.7x19.3x17.6x14.8x19.3x
EV/EBIT16.1x30.0x144.9x123.6x30.0x
EV/Gross Profit8.0x228.8xn/m90.7x228.8x
P/E10.8x13.0x7.0x13.6x13.0x
EV/FCF7.3x(151.4x)(15.1x)(13.8x)(151.4x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Borgosesia Margins & Growth Rates

Borgosesia grew revenue by 65% and EBITDA by 44% in the last fiscal year.

In the most recent fiscal year, Borgosesia reported gross margin of 5%, EBITDA margin of 62%, and net margin of 16%.

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Borgosesia Margins

Last FY202420252026202720282029
Gross Margin5%14%5%100%
EBITDA Margin62%84%62%54%
EBIT Margin40%10%40%54%
Net Margin16%15%16%19%
FCF Margin(8%)(90%)(8%)114%

Borgosesia Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth65%14%4%65%
Gross Profit Growth3035%(1096%)(60%)3035%
EBITDA Growth44%18%(23%)44%
EBIT Growth120%17%312%120%
Net Profit Growth100%(49%)5%100%
FCF Growth(2469%)9%(91%)(2469%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Borgosesia Operational KPIs

Borgosesia's revenue per employee in the last FY averaged $3.9M, while opex per employee averaged $1.4M for the same period.

Borgosesia's Rule of 40 is 120% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Borgosesia's Rule of X is 218% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Borgosesia
LTMLast FY202320242025202620272028
Rule of 4063%120%---
Bessemer Rule of X81%218%---
Revenue per Employee-$3.9M---
Opex per Employee-$1.4M---
G&A Expenses to Revenue-1%1%1%1%
Opex to Revenue-35%(11%)4%35%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Borgosesia Competitors

Borgosesia competitors include Biokarpet, Creditex, İşbir Sentetik, Akın Tekstil, Dierig Holding, Artemis Halı, Karsten, SOHO Company, Karo Leather and Ratti.

Most Borgosesia public comparables operate across Textiles.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Biokarpet------
Creditex------
İşbir Sentetik$99M($2M)1.1x-(52.8x)-
Akın Tekstil$24M-1.9x---
Dierig Holding$52M$8M1.6x-9.9x-
Artemis Halı$13M$10M3.9x-5.1x-
Karsten$151M$22M0.8x-5.2x-
SOHO Company$61M$13M1.4x-6.6x-

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Borgosesia VC Funding History

Before going public, Borgosesia raised $2M in total equity funding, across 1 round.

Last private valuation of Borgosesia was $32M, after raising $2M in December 2021 from DDM Holding.


Borgosesia Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Dec-21Strategic investmentDDM Holding$2M$32MDDM Holding, the Swedish-listed specialist investor in situations arising from European banking markets, acquired a 5% stake in Borgosesia in December 2021 for approximately EUR 1.4 million, financed from cash on hand. The shares came from Borgosesia's own holding and were sold to DDM Invest III AG, which gave DDM its first foothold in Italy. Alongside the stake the two groups agreed a three-year strategic partnership targeting investments of up to EUR 100 million in secured non-performing loans and special situations, structured through securitisations in which Borgosesia would subscribe at most 20% of the notes and DDM the rest. DDM executed its first co-investment with Borgosesia before the end of 2021, in a portfolio of secured residential receivables with a face value above EUR 10 million. Borgosesia is a Milan-listed investment platform specialised in secured non-performing loans and special situations, which reported 2021 net profit of EUR 7.87 million and adjusted consolidated EBITDA of EUR 12 million.

Acquisitions by Borgosesia

Borgosesia has acquired 3 companies to date.

Last acquisition by Borgosesia was on December 10th 2025. Borgosesia acquired OneOSix for $6M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Borgosesia

OneOSix
Pisa S.R.
Lake Holding
Description
OneOSix is an Italian financial intermediary based in Verona and supervised by the Bank of Italy. Its acquisition by Borgosesia required the central bank's authorisation, which was granted on 13 November 2025. The company gives the group a licensed vehicle for trading in non-performing credit, extending the activity Borgosesia already carried out in alternative assets. Borgosesia management described the purchase as a significant growth factor that would let the group approach business crises at an early stage under the recent changes to insolvency law. After the closing in December 2025 the company was integrated into the group through Borgosesia Alternative, the subsidiary that bought it for EUR 5.5 million, and the integration was reported complete by mid-2026.
Pisa S.R. is an Italian property company that owns Residence San Rossore, a tourist accommodation structure in Pisa, Tuscany. In July 2025 Borgosesia invested EUR 4.45 million to buy receivables with a nominal value of about EUR 11 million that were secured by mortgages on two Tuscan hospitality structures, Borgo Il Melone in Cortona and Residence San Rossore in Pisa. In October 2025 the group went further and bought the whole capital of the company that owns the residence, at an enterprise value of EUR 7 million. The purchase added a hospitality asset to a real estate portfolio that the group is managing in a region with strong tourist appeal. The company has no separate public operating accounts.
Lake Holding is an Italian real estate investment vehicle that controls, through companies undergoing a turnaround, two development areas on the Italian lakes. The first, Altolago in Brezzo di Bedero, Luino, was planned for 28 residential villas. The second, Multipla in Germignaga on Lake Maggiore, covers about 14,000 square metres and was planned for commercial, senior residential and villa uses. The vehicle also holds already built units that are to be sold. An independent expert valued the two development areas at about EUR 18 million, and the parties agreed on about EUR 15 million. Before April 2020 Borgosesia held 5% of Lake Holding, which carried the right to 51% of its profits and of its liquidation net equity.
HQ CountryItalyItalyItaly
HQ City
Verona
Pisa
Milan
Deal Date10 Dec 202531 Oct 202522 Apr 2020
Valuation$6M$8Mundisclosed
EV/Revenue
EV/EBITDA

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Investments by Borgosesia

Borgosesia has invested in 1 company to date.

Latest investment by Borgosesia was on December 30th 2024. Borgosesia invested in Fattorie Santo Pietro in their $7M Strategic investment round (EV/Revenue multiple available to Pro users).

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Latest Investments by Borgosesia

Fattorie Santo Pietro
Description
Fattorie Santo Pietro is an Italian agricultural company that owns an estate about 7 kilometres north of San Gimignano in the province of Siena. The property covers roughly 250 hectares, including about 243 hectares of land and about 6,200 square metres of buildings, with potential annual wine production of about 300,000 bottles. The main structures are Casa al Piano, Montecarulli, La Torre with 15 agritourism apartments, Spinai staff accommodation and the Bandelle and Salvucci villas, most of them restored in the second half of the 1990s. Water comes from the municipal aqueduct and three private lakes. The company was undergoing a financial restructuring when Borgosesia took a 49% stake at the end of 2024 and appointed Davide Schiffer as chief executive.
HQ CountryItaly
HQ City
San Gimignano
Deal Date30 Dec 2024
RoundStrategic investment
Raised$7M
InvestorsBorgosesia
Valuation$13M
EV/Revenue
EV/EBITDA

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About Borgosesia

When was Borgosesia founded?Borgosesia was founded in 1873.
Where is Borgosesia headquartered?Borgosesia is headquartered in Italy.
How many employees does Borgosesia have?As of today, Borgosesia has over 5 employees.
Is Borgosesia publicly listed?Yes, Borgosesia is a public company listed on Borsa Italiana.
What is the stock symbol of Borgosesia?Borgosesia trades under BO ticker.
When did Borgosesia go public?Borgosesia went public in 2009.
Who are competitors of Borgosesia?Borgosesia main competitors include Biokarpet, Creditex, İşbir Sentetik, Akın Tekstil, Dierig Holding, Artemis Halı, Karsten, SOHO Company, Karo Leather, Ratti.
What is the current market cap of Borgosesia?Borgosesia's current market cap is $40M.
What is the current revenue of Borgosesia?Borgosesia's last 12 months revenue is $30M.
What is the current revenue growth of Borgosesia?Borgosesia revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of Borgosesia?Current revenue multiple of Borgosesia is 8.0x.
What is the current EBITDA of Borgosesia?Borgosesia's last 12 months EBITDA is $15M.
What is Borgosesia's EBITDA margin?Borgosesia's last 12 months EBITDA margin is 51%.
What is the current EV/EBITDA multiple of Borgosesia?Current EBITDA multiple of Borgosesia is 15.7x.
What is the current FCF of Borgosesia?Borgosesia's last 12 months FCF is $32M.
What is Borgosesia's FCF margin?Borgosesia's last 12 months FCF margin is 108%.
What is the current EV/FCF multiple of Borgosesia?Current FCF multiple of Borgosesia is 7.3x.
How many companies Borgosesia has acquired to date?As of October 2026, Borgosesia has acquired 3 companies.
What was the largest acquisition by Borgosesia?$8M acquisition of Pisa S.R. on 31st October 2025 was the largest M&A Borgosesia has done to date.
What companies Borgosesia acquired?Borgosesia acquired Pisa S.R., OneOSix, and Lake Holding.
In how many companies Borgosesia has invested to date?As of October 2026, Borgosesia has invested in 1 company.
What was the last Borgosesia investment?On 30th December 2024 Borgosesia invested in Fattorie Santo Pietro, participating in a $7M Strategic investment round at $13M valuation.
In what companies Borgosesia invested in?Borgosesia invested in Fattorie Santo Pietro.

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