Sample Analysis

Meridian Components S.r.l.

Industrial Components · Fictional target — generated by Axiom from a sample CIM. Every figure is illustrative.

Company overview

Business

Precision-engineered components for industrial machinery OEMs

Geography

Southern Europe (HQ: Northern Italy)

Founded

2004

Employees

~240 FTEs

Income statement (FY24)

Every figure is pulled straight from the document with the exact page it came from — so you verify in two seconds instead of trusting blindly.

Revenue€61.5Mp. 28
COGS(€40.0M)p. 29
Gross Profit€21.5Mp. 29
SG&A(€8.3M)p. 29
EBITDA€13.2Mp. 28
D&A(€3.2M)p. 30
EBIT€10.0Mp. 30
Interest expense(€1.1M)p. 31
EBT€8.9Mp. 31
Net Income€6.8Mp. 31
TrendRevenueEBITDA
FY22€52.0M€10.5M
FY23€57.0M€11.8M
FY24€61.5M€13.2M

Financial position

Net Debt€18.5Mp. 33
Cash & equivalents€4.2Mp. 33

Debt schedule

FacilityPrincipalMaturityRate
Senior Term Loan€15.0M2028Euribor + 3.5%
Revolving Credit Facility€3.5M drawn2027Euribor + 2.75%

Qualitative sections

Market Overview

p. 8

European industrial-components market supported by nearshoring/reshoring of manufacturing supply chains and rising demand for high-precision parts in automation and energy equipment.

Customer Concentration

p. 12

Diversified OEM base; the top 5 customers represent approximately 38% of FY24 revenue, with the largest single customer below 12%.

Key Risks

p. 41

Exposure to industrial capex cycles, raw-material (steel/aluminium) input costs, and customer concentration in the automotive-adjacent segment.

Valuation

DCF (two terminal-value methods) and trading comps, calculated by deterministic code — the same number every time, never a hallucinated figure.

DCF Enterprise Value

€155.7M

Perpetuity Growth

DCF Enterprise Value

€113.5M

Exit Multiple (8.5×)

Trading Comps EV

€112.2M

8.5× FY24 EBITDA

Equity Value

€93.7M

Comps, net of debt

Equity value bridge (Trading Comps)

Enterprise Value (Trading Comps)€112.2M
(−) Net Debt(€18.5M)
Equity Value€93.7M

Key assumptions

Discount rate (WACC)10.0%
Terminal growth2.0%
EV / EBITDA multiple8.5×
Tax rate24.0%

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