MAIRE MAIRE.MI
ItalyIndustrials · Engineering & ConstructionBorsa Italiana · EUR
17.10 EUR (+40.6%)
10 analysts
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MAIRE is an Italian engineering and construction company that provides technology and EPC (engineering, procurement, and construction) solutions for the energy sectors, particularly in hydrocarbons and renewable energy.
Listed on Borsa Italiana · Symbol MAIRE.MI · BIT: MAIRE · Currency EUR
Key points
from its scores- ✓Attractive valuation8.0
- ✓High-quality business7.6
- ✓Attractive dividend7.5
- ✕Unfavourable risk and backdrop3.5
- ✕Poor share-price trend4.3
AI analysis
bottom line, main risk, context and newsFundamentals are solid and valuation is attractive, but weak momentum and governance risk in Italy suggest caution.
MAIRE presents solid financial health with net cash, exceptional quality (ROE 48.77%, ROIC 23.24%) and an attractive valuation (P/E 14.65, FCF yield 13.54%), although its growth is moderate and momentum is weak (9th percentile in the 52-week range).
The main risk is exposure to projects in geopolitically unstable regions, such as the Middle East, which could suffer delays or cancellations, along with governance risk in its home country, Italy.
Context and risks
MAIRE operates in Italy, a country with elevated governance risk according to the assigned profile, adding regulatory and legal uncertainty. Furthermore, its engineering and construction business for the energy sector is exposed to geopolitical volatility, especially in regions like the Middle East, where projects can be affected by instability.
Is MAIRE stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 42% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 14.7 | 25.4 | −42% |
| EV / EBITDA | 8.5 | 14.5 | −42% |
| Price / book | 6.9 | 4.1 | +69% |
| Price / sales | 0.5 | 2.1 | −74% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 17.10 EUR, +40.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.7 (sector 6.4), Growth 6.2 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 14.7
- Forward P/E
- 11.9
- EV / EBITDA
- 8.5
- Price / book
- 6.9
- Price / sales
- 0.5
- PEG
- 6.33
- Market cap
- 4.0B EUR
- Enterprise value
- 4.0B EUR
Profitability
- ROE
- 48.8%
- ROA
- 3.3%
- ROIC (approx.)
- 23.2%
- Gross margin
- 20.8%
- Operating margin
- 6.7%
- Net margin
- 3.7%
- Free cash flow
- 538.8M EUR
- FCF yield
- 13.5%
- Cash conversion
- 114%
Solvency
- Total debt
- 1.5B EUR
- Net debt
- −35.3M EUR
- Cash
- 1.6B EUR
- EBITDA
- 473.4M EUR
- Net debt / EBITDA
- −0.07
- Debt / equity
- 235.47
- Current ratio
- 1.11
- Quick ratio
- 0.99
Growth
- Revenue growth
- +9.5%
- Earnings growth
- +6.8%
- EPS (TTM)
- 0.83 EUR
- EPS (forward)
- 1.02 EUR
Dividend
- Dividend yield
- 4.9%
- Payout
- 70.3%
Risk and market
- Beta
- 0.99
- Analyst consensus
- Buy (10)
- Target price
- 17.10 EUR
- 52-week range
- 11.70 – 16.80
Recent news
All MAIRE.MI news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about MAIRE
Is MAIRE stock cheap or expensive?
On P/E and EV / EBITDA, it trades 42% below the Industrials median on average. Valuation score: 8.0 out of 10 (median for Industrials: 5.0). Average analyst target: 17.10 EUR, +40.6% versus the price. This is not investment advice.
What score does MAIRE get on MeridIAn Screener?
It scores 6.4 out of 10, rank 643 of 2,130 (better than 68% of the companies analysed). Its strongest category is Valuation (8.0) and its weakest, Risk & Context (3.5). Analysis of 08/10/2026.
What is MAIRE's P/E ratio?
Its P/E is 14.7: the share price equals 14.7 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 11.9.
How much is MAIRE worth on the stock market?
Its market capitalisation is 4.0B EUR and its enterprise value, debt included, is 4.0B EUR.
How much debt does MAIRE have?
It has more cash than debt: net cash of 35.3M EUR.
Does MAIRE pay a dividend?
Yes: its dividend yield is 4.85% and it pays out 70% of its earnings.
How has MAIRE stock performed over the last year?
It has fallen 3.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 11.70 and 16.80 EUR. Past performance does not guarantee future results.
What do analysts think of MAIRE?
10 analysts cover it; their average recommendation is “Buy” and their average target is 17.10 EUR (+40.6% versus the price). It is an estimate, not market data.