Matica Fintec Valuation Multiples

Matica Fintec is valued at $81M as of October 2026, a 1.5x revenue multiple. In the last 12 months, Matica Fintec revenue was $85M and Matica Fintec EBITDA was $13M.

Matica Fintec Overview

About Matica Fintec

Matica Fintec is an Italian technology company that designs, develops and sells hardware and software solutions for payment systems and digital identity to banks and government institutions. Its products cover central and desktop card issuance, personalisation software and secure identity document systems. It is part of the Identis group and its shares trade on Euronext Growth Milan. The company reinvests more than 10 percent of revenue in research and development. Growth has come through acquisitions, among them NBS Technologies and UbiQ in 2022, Panini, a check scanner maker, in September 2025 and a 51 percent stake in Credence ID in December 2025. It reported 2025 revenue of EUR 41.4 million, up from EUR 22.1 million the year before, and signed the merger of Panini into Matica in February 2026.


Founded

2010

HQ

Italy

Employees

73

Financials (LTM)

Revenue: $85M
EBITDA: $13M

EV

$125M

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Matica Fintec Financials

Matica Fintec reported last 12-month revenue of $85M and EBITDA of $13M.

In the same LTM period, Matica Fintec generated $65M in gross profit, $13M in EBITDA, and $4M in net income.

Revenue (LTM)


Matica Fintec P&L

In the most recent fiscal year, Matica Fintec reported revenue of $47M and EBITDA of $4M.

Matica Fintec is profitable as of last fiscal year, with gross margin of 55%, EBITDA margin of 8%, and net margin of 2%.

See analyst estimates for Matica Fintec
LTMLast FY202320242025202620272028
Revenue$85M$47M$26M$25M$47M
Gross Profit$65M$26M$17M$17M$26M
Gross Margin76%55%65%67%55%
EBITDA$13M$4M$5M$6M$4M
EBITDA Margin15%8%20%22%8%
EBIT Margin9%4%15%17%4%
Net Profit$4M$940K$3M$3M$940K
Net Margin4%2%10%13%2%
Net Debt-$45M---

Financial data powered by Morningstar, Inc.

Matica Fintec Stock Performance

Matica Fintec has current market cap of $81M, and enterprise value of $125M.

Market Cap Evolution


Matica Fintec's stock price is $2.35.

Matica Fintec share price increased by 15.1% in the last year.

Matica Fintec has an EPS (earnings per share) of $0.03.

See more trading valuation data for Matica Fintec
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$125M$81M1.0%0.0%-1.0%15.1%$0.03

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Matica Fintec Valuation Multiples

Matica Fintec trades at 1.5x EV/Revenue multiple, and 10.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Matica Fintec

EV / Revenue (LTM)


Matica Fintec Financial Valuation Multiples

As of November 1, 2026, Matica Fintec has market cap of $81M and EV of $125M.

Matica Fintec has a P/E ratio of 21.9x.

LTMLast FY202320242025202620272028
EV/Revenue1.5x2.7x4.7x5.1x2.7x
EV/EBITDA10.0x32.8x23.2x22.5x32.8x
EV/EBIT16.3x70.1x30.7x29.3x70.1x
EV/Gross Profit1.9x4.9x7.3x7.6x4.9x
P/E21.9x86.3x31.9x25.3x86.3x
EV/FCF36.7x(1.6x)140.6xn/m(1.6x)

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

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Matica Fintec Margins & Growth Rates

Matica Fintec grew revenue by 98% and EBITDA by 267% in the last fiscal year.

In the most recent fiscal year, Matica Fintec reported gross margin of 55%, EBITDA margin of 8%, and net margin of 2%.

See estimated margins and future growth rates for Matica Fintec

Matica Fintec Margins

Last FY202420252026202720282029
Gross Margin55%67%55%56%
EBITDA Margin8%22%8%15%
EBIT Margin4%17%4%10%
Net Margin2%13%2%5%
FCF Margin(163%)(1%)(163%)3%

Matica Fintec Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth98%(6%)89%98%
Gross Profit Growth65%(4%)55%104%
EBITDA Growth267%3%(31%)267%
EBIT Growth393%5%(58%)393%
Net Profit Growth351%26%(71%)351%
FCF Growth(103%)(136%)23356%(103%)

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

Matica Fintec Operational KPIs

Matica Fintec's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.

Matica Fintec's Rule of 40 is 113% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Matica Fintec's Rule of X is 259% (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 Matica Fintec
LTMLast FY202320242025202620272028
Rule of 4040%113%---
Bessemer Rule of X79%259%---
Revenue per Employee-$0.6M---
Opex per Employee-$0.3M---
S&M Expenses to Revenue-1%1%0%1%
G&A Expenses to Revenue-0%8%9%0%
Opex to Revenue-51%49%49%51%

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

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Matica Fintec Competitors

Matica Fintec competitors include Telelink Business Services, Bharat Global Developers, Endava, Pro Inside, Ubicom Holdings, CSP Inc., q.beyond, Alithya Group, Stakk and Xp Industrial FII.

Most Matica Fintec public comparables operate across IT Consulting and Financial Services Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Telelink Business Services$171M$16M0.5x0.5x5.0x5.2x
Bharat Global Developers$3M$1K32.3x-62402.6x-
Endava$1B$105M0.3x0.3x3.2x4.0x
Pro Inside$93M$13M1.4x3.0x9.7x22.3x
Ubicom Holdings$38M$9M1.5x1.3x6.1x5.2x
CSP Inc.$59M($2M)1.0x-(23.2x)-
q.beyond$204M$14M0.2x0.2x3.4x15.0x
Alithya Group$341M($5M)0.5x0.5x(32.2x)6.3x

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Acquisitions by Matica Fintec

Matica Fintec has acquired 2 companies to date.

Last acquisition by Matica Fintec was on September 3rd 2025. Matica Fintec acquired Panini for $28M (EV/Revenue multiple available to Pro users).

See M&A valuation multiples

Latest Acquisitions by Matica Fintec

Panini
NBS Technologies
Description
Panini supplies check scanners and payment processing hardware for teller capture, remote deposit, and remittance in the financial sector. Rochester-based since 1985, its products read MICR codes at 200 checks per minute with 99.9% accuracy. Panini partners with FIS and Jack Henry, selling through 500 resellers worldwide. It supports 10,000 banks in the US and Europe.
NBS Technologies is a supplier of card issuance hardware and digital identity software, operating through Card Technologies Corp, a United States company, and its wholly owned subsidiary UbiQ. UbiQ is a software house working on digital ID, NFC e-wallet, EMV payment software and the Xpressi card issuance software for secure data. The NBS hardware range includes the Javelin, Horizon and Imagemaster card printing and personalisation systems. Both companies were part of the Japanese listed group Ai Holdings Corporation until Matica bought them in 2022. Mandy Kerr is managing director of NBS. The combination gave Matica a bundled hardware and software offer for banking and digital identity customers.
HQ CountryItalyUnited States
HQ City
Turin
-
Deal Date3 Sep 202525 May 2022
Valuation$28Mundisclosed
EV/Revenue
EV/EBITDA

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About Matica Fintec

When was Matica Fintec founded?Matica Fintec was founded in 2010.
Where is Matica Fintec headquartered?Matica Fintec is headquartered in Italy.
How many employees does Matica Fintec have?As of today, Matica Fintec has over 73 employees.
Is Matica Fintec publicly listed?Yes, Matica Fintec is a public company listed on Borsa Italiana.
What is the stock symbol of Matica Fintec?Matica Fintec trades under MFT ticker.
When did Matica Fintec go public?Matica Fintec went public in 2019.
Who are competitors of Matica Fintec?Matica Fintec main competitors include Telelink Business Services, Bharat Global Developers, Endava, Pro Inside, Ubicom Holdings, CSP Inc., q.beyond, Alithya Group, Stakk, Xp Industrial FII.
What is the current market cap of Matica Fintec?Matica Fintec's current market cap is $81M.
What is the current revenue of Matica Fintec?Matica Fintec's last 12 months revenue is $85M.
What is the current revenue growth of Matica Fintec?Matica Fintec revenue growth (NTM/LTM) is 26%.
What is the current EV/Revenue multiple of Matica Fintec?Current revenue multiple of Matica Fintec is 1.5x.
What is the current EBITDA of Matica Fintec?Matica Fintec's last 12 months EBITDA is $13M.
What is Matica Fintec's EBITDA margin?Matica Fintec's last 12 months EBITDA margin is 15%.
What is the current EV/EBITDA multiple of Matica Fintec?Current EBITDA multiple of Matica Fintec is 10.0x.
What is the current FCF of Matica Fintec?Matica Fintec's last 12 months FCF is $3M.
What is Matica Fintec's FCF margin?Matica Fintec's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Matica Fintec?Current FCF multiple of Matica Fintec is 36.7x.
How many companies Matica Fintec has acquired to date?As of November 2026, Matica Fintec has acquired 2 companies.
What was the largest acquisition by Matica Fintec?$28M acquisition of Panini on 3rd September 2025 was the largest M&A Matica Fintec has done to date.
What companies Matica Fintec acquired?Matica Fintec acquired Panini and NBS Technologies.
In how many companies Matica Fintec has invested to date?Matica Fintec hasn't invested in any companies yet (or none have been disclosed publicly).

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