SOL SOL.MI
ItalyBasic Materials · Specialty ChemicalsBorsa Italiana · EUR
62.88 EUR (+8.8%)
4 analysts
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SOL is an Italian chemical group specializing in the production and distribution of industrial and medical gases, with international presence and a business model based on long-term supply contracts.
Listed on Borsa Italiana · Symbol SOL.MI · BIT: SOL · Currency EUR
Key points
from its scores- ✓Very solid balance sheet7.1
- ✕Demanding valuation4.5
- ✕Little or no dividend4.6
- !Weak share-price trend5.4
AI analysis
bottom line, main risk, context and newsFundamentals are decent but valuation offers no margin of safety; watch gas prices and governance.
SOL shows solid financial health (ND/EBITDA of 1.39, liquidity of 2.22) and moderate growth of 9.4% in revenue, but its valuation is demanding (P/E 30.26) and its dividend is low (0.69% net). The main risk lies in its exposure to European energy costs and the governance of its jurisdiction.
Exposure to rising European natural gas prices, which could compress the 15.45% operating margin in an energy-intensive chemical business.
Context and risks
SOL is domiciled in Italy, a market with weak institutional governance and limited minority shareholder protection, adding relevant jurisdictional risk. Additionally, as an energy-intensive European chemical company, the rise in natural gas (TTF) —not captured by crude oil— directly pressures its 15.45% operating margin.
Is SOL stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 48% above the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 30.3 | 19.2 | +58% |
| EV / EBITDA | 13.8 | 10.0 | +38% |
| Price / book | 4.4 | 2.3 | +96% |
| Price / sales | 2.8 | 2.2 | +27% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.5 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 62.88 EUR, +8.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.5 (sector 5.1), Growth 5.8 (sector 6.8).
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 Basic Materials medianValuation
- P/E
- 30.3
- Forward P/E
- 25.3
- EV / EBITDA
- 13.8
- Price / book
- 4.4
- Price / sales
- 2.8
- PEG
- 3.01
- Market cap
- 5.2B EUR
- Enterprise value
- 5.9B EUR
Profitability
- ROE
- 15.6%
- ROA
- 7.3%
- ROIC (approx.)
- 14.1%
- Gross margin
- 26.2%
- Operating margin
- 15.5%
- Net margin
- 9.2%
Solvency
- Total debt
- 878.3M EUR
- Net debt
- 591.7M EUR
- Cash
- 286.6M EUR
- EBITDA
- 425.9M EUR
- Net debt / EBITDA
- 1.39
- Debt / equity
- 70.99
- Current ratio
- 2.22
- Quick ratio
- 1.74
Growth
- Revenue growth
- +9.4%
- Earnings growth
- +8.4%
- EPS (TTM)
- 1.91 EUR
- EPS (forward)
- 2.29 EUR
Dividend
- Dividend yield
- 0.8%
- Payout
- 23.5%
Risk and market
- Beta
- 0.41
- Analyst consensus
- Strong buy (4)
- Target price
- 62.88 EUR
- 52-week range
- 44.85 – 64.00
Recent news
All SOL.MI news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about SOL
Is SOL stock cheap or expensive?
On P/E and EV / EBITDA, it trades 48% above the Basic Materials median on average. Valuation score: 4.5 out of 10 (median for Basic Materials: 5.8). Average analyst target: 62.88 EUR, +8.8% versus the price. This is not investment advice.
What score does SOL get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,433 of 2,130 (better than 32% of the companies analysed). Its strongest category is Financial health (7.1) and its weakest, Valuation (4.5). Analysis of 08/10/2026.
What is SOL's P/E ratio?
Its P/E is 30.3: the share price equals 30.3 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 25.3.
How much is SOL worth on the stock market?
Its market capitalisation is 5.2B EUR and its enterprise value, debt included, is 5.9B EUR.
How much debt does SOL have?
Its net debt (debt minus cash) is 591.7M EUR. That is 1.39 times its EBITDA; the Basic Materials median is 1.41.
Does SOL pay a dividend?
Yes: its dividend yield is 0.78% and it pays out 24% of its earnings.
How has SOL stock performed over the last year?
It has risen 17.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 44.85 and 64.00 EUR. Past performance does not guarantee future results.
What do analysts think of SOL?
4 analysts cover it; their average recommendation is “Strong buy” and their average target is 62.88 EUR (+8.8% versus the price). It is an estimate, not market data.