DBA Group SpA: Strong Performance and Growth Potential Justify Buy Rating

Gianluca Mozzali, an analyst from Corporate Family Office SIM, reiterated the Buy rating on DBA Group SpA (DBA – Research Report). The associated price target remains the same with €4.40.

Gianluca Mozzali has given his Buy rating due to a combination of factors that highlight DBA Group SpA’s strong performance and growth potential. The company’s FY-24 results were in line with expectations, reinforcing its leadership position in the engineering and architecture sectors in Italy. The strategic acquisitions of Serteco and Proyectos IFG are expected to further bolster the company’s EPM business unit, setting the stage for continued growth in FY-25.
Moreover, the company’s financial health is underscored by a robust balance sheet, which provides opportunities for additional mergers and acquisitions or increased shareholder returns. Despite a significant stock re-rating over the past year, Mozzali sees further upside potential, supported by an unchanged DCF-based price target of €4.40 per share, representing a 23.9% upside from current levels. These factors collectively justify the reiterated Buy rating.