Dedem Valuation Multiples

Dedem is valued at $17M as of October 2026, a 0.4x revenue multiple. In the last 12 months, Dedem revenue was $137M and Dedem EBITDA was $17M.

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Dedem Overview

About Dedem

Dedem is an Italian group based in Ariccia, near Rome, that makes and operates automatic passport-photo booths and vending machines, runs children's entertainment areas in shopping centres, sells and services 3D printers and offers ICT services to small and medium-sized businesses. It installed the first Italian photo booth in 1962 and in 2023 reported about 4,000 machines in Italy and 2,200 in Spain, with operations also in the Czech Republic. Managers led by Riccardo Rizzi took control in a 2017 management buyout, and the company listed on Euronext Growth Milan on 24 July 2025, raising EUR 10 million at a market capitalisation of EUR 38.5 million. Alberto Rizzi is chief executive. The group says it has made about ten acquisitions since the buyout, spread across its photo booth, leisure, 3D printing and ICT business units. Consolidated revenue was EUR 110.0 million in 2025, down 3%, with EBITDA of EUR 16.0 million.


Founded

1962

HQ

Italy

Employees

N/A

Website

dedem.it

Financials (LTM)

Revenue: $137M
EBITDA: $17M

EV

$54M

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Dedem Financials

Dedem reported last 12-month revenue of $137M and EBITDA of $17M.

In the same LTM period, Dedem generated $104M in gross profit, $17M in EBITDA, and $509K in net income.


Dedem P&L

In the most recent fiscal year, Dedem reported revenue of $129M and EBITDA of $16M.

Dedem is profitable as of last fiscal year, with gross margin of 53%, EBITDA margin of 13%, and net margin of 2%.

See analyst estimates for Dedem
LTMLast FY20242025202620272028
Revenue$137M$129M$129M$136M
Gross Profit$104M$68M$68M$105M
Gross Margin76%53%53%77%
EBITDA$17M$16M$16M$19M
EBITDA Margin13%13%13%14%
EBIT Margin2%5%5%3%
Net Profit$509K$2M$2M$2M
Net Margin0%2%2%2%
Net Debt-$29M--

Financial data powered by Morningstar, Inc.

Dedem Stock Performance

Dedem has current market cap of $17M, and enterprise value of $54M.

Market Cap Evolution


Dedem's stock price is $2.08.

Dedem has an EPS (earnings per share) of $0.30.

See more trading valuation data for Dedem
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$54M$17M0.0%---$0.30

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Dedem Valuation Multiples

Dedem trades at 0.4x EV/Revenue multiple, and 3.1x EV/EBITDA.

See NTM and 2027E valuation multiples for Dedem

Dedem Financial Valuation Multiples

As of October 20, 2026, Dedem has market cap of $17M and EV of $54M.

Dedem has a P/E ratio of 33.8x.

LTMLast FY20242025202620272028
EV/Revenue0.4x0.4x0.4x0.4x
EV/EBITDA3.1x3.4x3.4x2.9x
EV/EBIT18.3x8.4x8.4x11.8x
EV/Gross Profit0.5x0.8x0.8x0.5x
P/E33.8x6.9x6.9x8.1x
EV/FCF-7.1x7.1x-

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

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Dedem Margins & Growth Rates

Dedem grew revenue by 6% and EBITDA by 17% in the last fiscal year.

In the most recent fiscal year, Dedem reported gross margin of 53%, EBITDA margin of 13%, and net margin of 2%.

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Dedem Margins

Last FY202420252026202720282029
Gross Margin53%53%77%76%
EBITDA Margin13%13%14%12%
EBIT Margin5%5%3%2%
Net Margin2%2%2%0%
FCF Margin6%6%--

Dedem Growth Rates

FY+1/FY24/2525/2626/2727/2828/29
Revenue Growth6%6%1%
Gross Profit Growth53%53%(0%)
EBITDA Growth17%17%(10%)
EBIT Growth(29%)(29%)(44%)
Net Profit Growth(14%)(14%)(95%)

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

Dedem Operational KPIs

Dedem's Rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Dedem's Rule of X is 14% (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 Dedem
LTMLast FY2024202620272028
Rule of 4017%13%-
Bessemer Rule of X23%14%-
S&M Expenses to Revenue-0%0%
Opex to Revenue-48%48%

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

Valuation Multiples Across 230+ Verticals

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Vincit$78M$2M0.2x0.2x6.7x3.8x
Precio Fishbone$17M$1M1.0x-10.9x-
SenSen Networks$11M$1M1.6x1.5x12.3x11.1x
Club Hipico de Santiago$13M$2M1.7x-13.5x-
Trigyn Technologies$103M$1M----
Tree Technology------
Witbe$22M$2M0.9x0.8x11.1x5.4x
Neurosoft$39M$4M0.4x-4.0x-

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Acquisitions by Dedem

Dedem has acquired 4 companies to date.

Last acquisition by Dedem was on July 29th 2025. Dedem acquired Wappy Livorno for $3M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Dedem

Wappy Livorno
Arcadia Tecnologie
Open 1
Photo Plus
Description
Wappy Livorno is an Italian company that designs, manages and develops play and entertainment areas inside shopping centres, under the Wappy format for families with children. It is one of three Wappy companies, with Wappy Brianza and Wappy Siracusa, that Dedem acquired in full on 29 July 2025 through its subsidiary Leisure Group Italia. Together the three recorded revenue of about EUR 2.5 million and EBITDA of about EUR 630 thousand in 2024, with no net financial debt. Their know-how and format are complementary to Dedem's existing portfolio of kiddie rides and play areas. The sellers gave warranties on tax, financial and intellectual property matters. The business sits in the leisure segment of Dedem, which describes itself as the first Italian operator in the sector.
Arcadia Tecnologie is an Italian IT services company based in Lombardy. It sells hardware and technology and supplies IT services to businesses, and it recorded annual revenue of EUR 20 million when it was taken over by Dedem in November 2023. Francesco Vendola was its chief executive and became sales director of Dedem's ICT business unit after the acquisition. The business now sits in Dedem's ICT division, which serves small and medium-sized enterprises with system integration, cloud and cybersecurity solutions. Its former management stayed on in the ICT unit, which Dedem plans to grow into the largest part of the group by revenue. The unit's stated next steps are cloud computing, cybersecurity, artificial intelligence and Internet of Things skills. Its main activity is reselling hardware and technology to business customers.
Open 1 is an Italian IT services company based in Ferrara that helps businesses and public administrations with their digital transformation. It is experienced in IT solutions, up-to-date technology and data center services, and had annual revenue of about EUR 10 million when Dedem acquired it in November 2023. Riccardo Maiarelli was its chairman and became head of the ICT business unit at Dedem after the deal. The company is now part of Dedem's ICT division, created to serve small and medium-sized businesses with system integration and cloud services. Dedem plans to grow that unit into the largest part of the group by revenue, and Open 1's data center and public administration experience supports that aim. Its clients are companies and public bodies in Italy.
Photo Plus is an Italian operator of automatic passport-photo booths based in northern Italy. It held a 15% share of the national photo booth market in 2018. Its network consisted of about 400 machines installed across the north of the country, which printed around 700 thousand passport photos a year. The company generated revenue of around EUR 3 million annually at the time of its sale. It was acquired in full by Dedem, the Italian photo booth and entertainment group, in July 2018, and the purchase was financed with a medium-term loan from Mediocredito Italiano. The company's customers are members of the public who use the booths for identity documents.
HQ CountryItalyItalyItalyItaly
HQ City
Livorno
-
Ferrara
-
Deal Date29 Jul 202517 Nov 202317 Nov 202325 Jul 2018
Valuation$3Mundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Dedem

When was Dedem founded?Dedem was founded in 1962.
Where is Dedem headquartered?Dedem is headquartered in Italy.
Is Dedem publicly listed?Yes, Dedem is a public company listed on Borsa Italiana.
What is the stock symbol of Dedem?Dedem trades under DDM ticker.
When did Dedem go public?Dedem went public in 2025.
Who are competitors of Dedem?Dedem main competitors include Vincit, Precio Fishbone, SenSen Networks, Club Hipico de Santiago, Trigyn Technologies, Tree Technology, Witbe, Neurosoft, Nyle, Avio Smart Market Stack.
What is the current market cap of Dedem?Dedem's current market cap is $17M.
What is the current revenue of Dedem?Dedem's last 12 months revenue is $137M.
What is the current revenue growth of Dedem?Dedem revenue growth (NTM/LTM) is 4%.
What is the current EV/Revenue multiple of Dedem?Current revenue multiple of Dedem is 0.4x.
What is the current EBITDA of Dedem?Dedem's last 12 months EBITDA is $17M.
What is Dedem's EBITDA margin?Dedem's last 12 months EBITDA margin is 13%.
What is the current EV/EBITDA multiple of Dedem?Current EBITDA multiple of Dedem is 3.1x.
How many companies Dedem has acquired to date?As of October 2026, Dedem has acquired 4 companies.
What was the largest acquisition by Dedem?$3M acquisition of Wappy Livorno on 29th July 2025 was the largest M&A Dedem has done to date.
What companies Dedem acquired?Dedem acquired Wappy Livorno, Arcadia Tecnologie, Photo Plus, and Open 1.
In how many companies Dedem has invested to date?Dedem hasn't invested in any companies yet (or none have been disclosed publicly).

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