Sesa Valuation Multiples

Sesa is valued at $1.6B as of October 2026, a 0.4x revenue multiple. In the last 12 months, Sesa revenue was $4.2B and Sesa EBITDA was $307M.

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Sesa Overview

About Sesa

Sesa is an Italian technology group headquartered in Empoli, near Florence, whose shares trade on the Euronext STAR Milan segment. It supplies value-added IT, digital platforms, consulting and vertical software applications to businesses and organizations, with its integration arm Var Group carrying out most of its acquisitions. For the year to 30 April 2026 it reported revenues of EUR 3,620.8 million and EBITDA of EUR 260.4 million, with 6,770 employees. Its 2026-2027 industrial plan combines organic growth with targeted, high value-added acquisitions in Italy and abroad. Recent deals have taken it into Switzerland, Germany and Spain, typically through an initial stake with put and call options to reach full ownership.


Founded

2010

HQ

Italy

Employees

6.8K

Website

sesa.it

Financials (LTM)

Revenue: $4.2B
EBITDA: $307M

EV

$1.5B

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Sesa Financials

Sesa reported last 12-month revenue of $4.2B and EBITDA of $307M.

In the same LTM period, Sesa generated $307M in EBITDA and $95M in net income.

Revenue (LTM)


Sesa P&L

In the most recent fiscal year, Sesa reported revenue of $4B and EBITDA of $278M.

Sesa is profitable as of last fiscal year, with gross margin of 12%, EBITDA margin of 7%, and net margin of 2%.

See analyst estimates for Sesa
LTMLast FY202320242025202620272028
Revenue$4.2B$4B$3.6B$3.7B$4B
Gross Profit-$483M$424M$449M$484M
Gross Margin-12%12%12%12%
EBITDA$307M$278M$255M$266M$281M
EBITDA Margin7%7%7%7%7%
EBIT Margin5%3%4%3%3%
Net Profit$95M$80M$93M$78M$80M
Net Margin2%2%3%2%2%
Net Debt-($174M)---

Financial data powered by Morningstar, Inc.

Sesa Stock Performance

Sesa has current market cap of $1.6B, and enterprise value of $1.5B.

Market Cap Evolution


Sesa's stock price is $103.92.

Sesa share price decreased by 1.8% in the last 30 days, and increased by 11.3% in the last year.

Sesa has an EPS (earnings per share) of $5.32.

See more trading valuation data for Sesa
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$1.5B$1.6B-1.6%-1.8%-2.6%11.3%$5.32

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Sesa Valuation Multiples

Sesa trades at 0.4x EV/Revenue multiple, and 5.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Sesa

EV / Revenue (LTM)


Sesa Financial Valuation Multiples

As of October 24, 2026, Sesa has market cap of $1.6B and EV of $1.5B.

Sesa has a P/E ratio of 16.6x.

LTMLast FY202320242025202620272028
EV/Revenue0.4x0.4x0.4x0.4x0.4x
EV/EBITDA5.0x5.5x6.1x5.8x5.5x
EV/EBIT7.1x14.2x12.0x14.4x14.5x
EV/Gross Profit-3.2x3.6x3.4x3.2x
P/E16.6x19.5x16.8x20.0x19.7x
EV/FCF10.1x8.8x14.4x18.2x10.7x

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

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Sesa Margins & Growth Rates

Sesa grew revenue by 8% and EBITDA by 13% in the last fiscal year.

In the most recent fiscal year, Sesa reported gross margin of 12%, EBITDA margin of 7%, and net margin of 2%.

See estimated margins and future growth rates for Sesa

Sesa Margins

Last FY202420252026202720282029
Gross Margin12%12%12%12%
EBITDA Margin7%7%7%7%
EBIT Margin3%3%3%4%
Net Margin2%2%2%2%
FCF Margin4%2%4%3%

Sesa Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth8%4%8%5%
Gross Profit Growth-6%8%3%
EBITDA Growth13%4%6%8%
EBIT Growth94%(17%)(0%)65%
Net Profit Growth22%(16%)1%16%
FCF Growth(25%)(21%)70%1%

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

Sesa Operational KPIs

Sesa's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.

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

Sesa's Rule of X is 20% (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 Sesa
LTMLast FY202320242025202620272028
Rule of 4012%13%---
Bessemer Rule of X19%20%---
Revenue per Employee-$0.6M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue-0%1%1%1%
G&A Expenses to Revenue-0%0%0%0%
Opex to Revenue-9%8%9%9%

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

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Sesa Competitors

Sesa competitors include NSD Co, ESDS Software, Digital China Information, Black Box, Neusoft, Systex, Data#3, Datatec, 4iG and Everforth.

Most Sesa public comparables operate across IT Consulting.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NSD Co$750M$136M1.8x1.7x10.0x-
ESDS Software$50M$25M28.0x10.5x56.1x42.2x
Digital China Information$2B$27M0.7x0.8x54.7x-
Black Box$667M$46M2.4x2.1x34.6x23.4x
Neusoft$1.8B$3M0.7x0.7x406.2x245.9x
Systex$1.4B$102M1.1x-15.0x-
Data#3$636M$54M1.9x0.5x23.0x21.6x
Datatec$3.7B$259M0.4x-5.7x-

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Acquisitions by Sesa

Sesa has acquired 2 companies to date.

Last acquisition by Sesa was on November 11th 2025. Sesa acquired 4IT Solutions for undisclosed valuation.

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Latest Acquisitions by Sesa

4IT Solutions
Visicon
Description
4IT Solutions is a Swiss system integrator and managed service provider based in Canton Ticino, founded in 2008. It delivers tailor-made IT projects and managed services, from the modern workplace to data protection, network and infrastructure. Its approach is security-first, combining prevention, detection and response across the whole service lifecycle. The company works with businesses and public institutions in Switzerland and has a team of about 35 people. It expected revenues of about EUR 9 million for 2025 and EBITDA of about EUR 900 thousand, and it has been established in the Swiss market for more than 17 years.
Visicon is a German consulting company founded in 1998 and headquartered in Limeshain, with offices in Wiesbaden and Munich in Germany and Leonding in Austria. It supports medium-sized enterprises in implementing and running SAP processes and EDI solutions, offering consultancy, support and continuous training. Its products cover EDI, digital document flow and electronic invoicing, and many German customers already use them. The team numbers about 50 specialists. Its founders, Bernd Brucher and Simon Greco, remain involved as managing partners. The company expected revenues of about EUR 5.3 million for 2025 with an EBITDA margin of around 15 percent.
HQ CountrySwitzerlandGermany
HQ City
Ticino
Limeshain
Deal Date11 Nov 202525 Jun 2025
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Sesa

Sesa has invested in 2 companies to date.

Latest investment by Sesa was on July 14th 2026. Sesa invested in Solver Machine Learning in their Strategic investment round.

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Latest Investments by Sesa

Solver Machine Learning
Albasoft
Description
Solver Machine Learning is a Spanish company founded in 2016 as a spin-off of the Universitat Politecnica de Valencia. It develops advanced artificial intelligence, machine learning and advanced analytics models that support decision-making and operational efficiency through predictive techniques. Its platforms and vertical models cover generative AI, demand forecasting and computer vision. It serves public and private organisations across several industries with a team of about 26 specialists. It closed 2025 with revenues of about EUR 1.5 million and EBITDA of about EUR 0.35 million. Sesa took a 19 percent stake in 2026 with call options toward full ownership, building on joint projects the two companies had run over the years, and the founders and management stay involved in the business.
Albasoft is an Italian software company founded in 2009 and based in Padua. It develops software solutions that help companies optimise financial and treasury management. In 2024 it recorded revenues of about EUR 2.2 million and EBITDA of about EUR 1.2 million. The team has 14 specialised professionals. Its founding partner, Francesco Rudello, stays involved in operations after the investment by Sesa. The company's products address the needs of corporate treasurers who struggle with process standardisation and fragmented IT systems. Sesa took a 20 percent stake in 2025 with options to reach full ownership, and Albasoft now works with Var Group to widen the reach of its treasury software within a larger industrial group.
HQ CountrySpainItaly
HQ City
-
Padua
Deal Date14 Jul 20268 Oct 2025
RoundStrategic investmentStrategic investment
Raisedundisclosedundisclosed
InvestorsSesaSesa
Valuationundisclosed$7M
EV/Revenue
EV/EBITDA

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About Sesa

When was Sesa founded?Sesa was founded in 2010.
Where is Sesa headquartered?Sesa is headquartered in Italy.
How many employees does Sesa have?As of today, Sesa has over 6K employees.
Who is the CEO of Sesa?Sesa's CEO is Alessandro Fabbroni.
Is Sesa publicly listed?Yes, Sesa is a public company listed on Borsa Italiana.
What is the stock symbol of Sesa?Sesa trades under SES ticker.
When did Sesa go public?Sesa went public in 2011.
Who are competitors of Sesa?Sesa main competitors include NSD Co, ESDS Software, Digital China Information, Black Box, Neusoft, Systex, Data#3, Datatec, 4iG, Everforth.
What is the current market cap of Sesa?Sesa's current market cap is $1.6B.
What is the current revenue of Sesa?Sesa's last 12 months revenue is $4.2B.
What is the current revenue growth of Sesa?Sesa revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of Sesa?Current revenue multiple of Sesa is 0.4x.
What is the current EBITDA of Sesa?Sesa's last 12 months EBITDA is $307M.
What is Sesa's EBITDA margin?Sesa's last 12 months EBITDA margin is 7%.
What is the current EV/EBITDA multiple of Sesa?Current EBITDA multiple of Sesa is 5.0x.
What is the current FCF of Sesa?Sesa's last 12 months FCF is $152M.
What is Sesa's FCF margin?Sesa's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Sesa?Current FCF multiple of Sesa is 10.1x.
How many companies Sesa has acquired to date?As of October 2026, Sesa has acquired 2 companies.
What was the largest acquisition by Sesa?None of the M&A deals Sesa has completed have disclosed valuations.
What companies Sesa acquired?Sesa acquired Visicon and 4IT Solutions.
In how many companies Sesa has invested to date?As of October 2026, Sesa has invested in 2 companies.
What was the last Sesa investment?On 14th July 2026 Sesa invested in Solver Machine Learning, participating in a Strategic investment round.
In what companies Sesa invested in?Sesa invested in Albasoft and Solver Machine Learning.

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