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De Nora Valuation Multiples
Discover revenue and EBITDA valuation multiples for De Nora and similar public comparables like Solvac, National Industralization, SK Ie Technology, T1 Energy and more.
De Nora Overview
About De Nora
Industrie De Nora SpA manufactures and distributes chemicals. The Group is organized into three segments: the Electrode Technologies business, Energy Transition and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues. The company's products include Analyzers & Detectors, Anodes for Chlorine Evolution, Anodes for oxygen evolution, Cathodes for Hydrogen Evolution, Disinfection systems, Electrochlorination systems, Filtration Solutions, Membrane Technologies, Contaminant removal systems.
Founded
1923
HQ

Employees
2.1K
Website
Financials (LTM)
EV
$2B
De Nora Financials
De Nora reported last 12-month revenue of $998M and EBITDA of $189M.
In the same LTM period, De Nora generated $189M in EBITDA and $101M in net income.
Revenue (LTM)
De Nora P&L
In the most recent fiscal year, De Nora reported revenue of $1B and EBITDA of $184M.
De Nora expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $998M | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $565M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 56% | XXX | XXX | XXX |
| EBITDA | $189M | XXX | $184M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $101M | XXX | $97M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
De Nora Stock Performance
De Nora has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
De Nora's stock price is $7.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | (0.2%) | XXX | XXX | XXX | $0.49 |
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Start Free TrialDe Nora Valuation Multiples
De Nora trades at 1.5x EV/Revenue multiple, and 8.1x EV/EBITDA.
EV / Revenue (LTM)
De Nora Financial Valuation Multiples
As of March 7, 2026, De Nora has market cap of $2B and EV of $2B.
Equity research analysts estimate De Nora's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
De Nora has a P/E ratio of 15.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.1x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 10.5x | XXX | 11.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.7x | XXX | XXX | XXX |
| P/E | 15.6x | XXX | 16.2x | XXX | XXX | XXX |
| EV/FCF | 40.3x | XXX | 25.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified De Nora Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


De Nora Margins & Growth Rates
De Nora's revenue in the last 12 month declined by (6%).
De Nora's revenue per employee in the last FY averaged $0.5M.
De Nora's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
De Nora's rule of X is 5% (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).
De Nora Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (6%) | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | (16%) | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 5% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 44% | XXX | XXX | XXX |
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De Nora Public Comps
See public comps and valuation multiples for other Chemicals and Electrical Parts & Equipment comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Solvac | XXX | XXX | XXX | XXX | XXX | XXX |
| National Industralization | XXX | XXX | XXX | XXX | XXX | XXX |
| SK Ie Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| T1 Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Cembre | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
De Nora M&A Activity
De Nora acquired XXX companies to date.
Last acquisition by De Nora was on XXXXXXXX, XXXXX. De Nora acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by De Nora
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDe Nora Investment Activity
De Nora invested in XXX companies to date.
De Nora made its latest investment on XXXXXXXX, XXXXX. De Nora invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by De Nora
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout De Nora
| When was De Nora founded? | De Nora was founded in 1923. |
| Where is De Nora headquartered? | De Nora is headquartered in Italy. |
| How many employees does De Nora have? | As of today, De Nora has over 2K employees. |
| Who is the CEO of De Nora? | De Nora's CEO is Paolo Enrico Dellacha. |
| Is De Nora publicly listed? | Yes, De Nora is a public company listed on Borsa Italiana. |
| What is the stock symbol of De Nora? | De Nora trades under DNR ticker. |
| When did De Nora go public? | De Nora went public in 2022. |
| Who are competitors of De Nora? | De Nora main competitors are Solvac, National Industralization, SK Ie Technology, T1 Energy. |
| What is the current market cap of De Nora? | De Nora's current market cap is $2B. |
| What is the current revenue of De Nora? | De Nora's last 12 months revenue is $998M. |
| What is the current revenue growth of De Nora? | De Nora revenue growth (NTM/LTM) is (6%). |
| What is the current EV/Revenue multiple of De Nora? | Current revenue multiple of De Nora is 1.5x. |
| Is De Nora profitable? | Yes, De Nora is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of De Nora? | De Nora's last 12 months EBITDA is $189M. |
| What is De Nora's EBITDA margin? | De Nora's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of De Nora? | Current EBITDA multiple of De Nora is 8.1x. |
| What is the current FCF of De Nora? | De Nora's last 12 months FCF is $38M. |
| What is De Nora's FCF margin? | De Nora's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of De Nora? | Current FCF multiple of De Nora is 40.3x. |
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