Somec S.p.A.: Promising Outlook with Strategic Growth and Attractive Valuation

Somec S.p.A., the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Alessio Olmi from TP ICAP MIDCAP maintained a Buy rating on the stock and has a €20.00 price target.

Alessio Olmi has given his Buy rating due to a combination of factors that highlight Somec S.p.A.’s promising outlook. The company’s Mestieri division has recently secured significant new orders worth €25 million, which are expected to be executed between late 2025 and early 2026. These projects not only enhance revenue visibility but also demonstrate the division’s expanding international presence and internal integration, contributing to the group’s operational improvement.
Furthermore, Somec’s strategic recovery is evident from its strong performance in the first half of 2025 and a substantial backlog of €769 million as of June 2025. The company’s focus on leveraging its expertise and the potential for margin expansion and debt reduction support a positive outlook. The recent 11% decline in stock price presents an attractive entry point, with valuation multiples remaining appealing, especially considering the expected deleveraging by year-end. Thus, the Buy recommendation is reaffirmed with a target price of €20.