Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Directa SIM S.p.A. is an Italian brokerage firm specializing in online trading services targeted at both private and institutional investors. Established as one of the pioneers in Italy's online brokerage industry, Directa SIM offers a comprehensive platform that enables users to trade a wide array of financial instruments, including equities, bonds, futures, and mutual funds. The firm's primary function is to provide an efficient, technology-driven service that facilitates quick and seamless transactions, catering to active traders and investors desiring direct access to major financial markets. In addition to trading services, Directa SIM supplies analytical tools, educational resources, and expert insights, empowering clients to make informed financial decisions. The company's role in the financial market is significant, as it contributes to the democratization of investing by lowering entry barriers and expanding market access through innovative digital solutions. Headquartered in Turin, Italy, Directa SIM continues to support Italy's growing demand for sophisticated online trading capabilities.
The business is unprofitable at the operating level (-2.07% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 19.1% YoY with margins expanding 10.2pp. However, free cash flow softened 107%, worth monitoring whether this is timing or structural.
Free cash flow declined 107% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€27M
▲ +19.1% YoY
Net Income (TTM)
€13M
▲ +12.0% YoY
Op. Margin
-2.07%
▲ +10.2pp YoY
ROIC
-0.34%
▲ +1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€1M
▼ -107.2% YoY
Op. Cash Flow (TTM)
-€1M
▼ -107.2% YoY
Net Debt
€59M
Cash & Equiv.
€17M
3Y CAGR: +11.6%
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