Datalogic
DAL.MI Small CapTechnology · Scientific & Technical Instruments
Updated: Aug 20, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Datalogic S.p.A. designs and produces barcode readers, mobile computers, detection, measurement and safety sensors, vision and laser marking systems, and RFID products in Italy, the Americas, the Asia Pacific, rest of Europe, the Middle East, and Africa. It offers fixed retail scanners, including single plane, multi-plane imaging, and presentation scanners; accessories, and general duty and industrial handheld scanners; mobile computers comprising vehicle mounted and handheld computers, and wearable scanners; laser marking systems; and related software and tools. The company also provides stationery industrial scanners, such as 1D reader scanners, 2D imager readers, linear cameras, dimensioners, connectivity products, and system integration solutions; OEM barcode readers; and data sensing
Datalogic Stock at a Glance
Datalogic (DAL.MI) is currently trading at €5.66 with a market capitalization of $315.7M. The trailing P/E ratio stands at 56.6x, with a forward P/E of 16.74x. The 52-week range spans from €3.52 to €6.05; the current price is 6.4% below the yearly high. Year-over-year revenue growth stands at -0.1%. The net profit margin stands at 1.07%.
💰 Dividend
Datalogic pays an annual dividend of €0.12 per share, representing a yield of 2.12%. The payout ratio stands at 120%. The elevated payout ratio reflects a mature dividend policy.
📊 Analyst Rating
2 analysts rate Datalogic (DAL.MI) on consensus: Underperform. The average price target is €5.70, implying +0.71% from the current price. Analyst price targets range from €5.70 to €5.70.
Datalogic: The Investment Case in Detail
Datalogic (DAL.MI) operates in the Technology — specifically Scientific & Technical Instruments — and is headquartered in Italy. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bear Case
Revenue is contracting at -0.1% year-over-year — until that trend reverses, valuation is exposed to further downgrades. With a net margin of just 1.07%, the business has little room to absorb cost shocks or pricing pressure — a single bad quarter can swing the company to a loss. A trailing P/E above 50 combined with revenue growth below 20% is a dangerous combination — the market is paying a steep growth multiple for what is, by the data, only moderately fast expansion.
Valuation in Context
At a PEG of 8.99, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.
What to Watch Next
- The forward P/E of 16.74x is meaningfully below the trailing 56.6x — analysts expect earnings to step up; the next earnings release is the test.
Investment Thesis: Strengths & Weaknesses
- Solid dividend yield of 2.12%
- Solid balance sheet with low debt (D/E 28.97)
- –Revenue shrinking (-0.1% YoY)
- –Low profitability (1.07% margin)
- –High valuation multiple (P/E 56.6x)
- –Currently flagged as overvalued
Technical Snapshot
Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
💵 Dividend Info
Related Stocks in the Same Sector
Datalogic at 4.14 euros: the Italian barcode-scanner specialist at 0.55x book and 2.9 percent dividend
The Real Story
Datalogic is the Italian Mittelstand-equivalent industrial automation specialist. It makes barcode scanners (the handheld guns at Walmart checkout, the fixed scanners at airport baggage handling, the picking scanners at Amazon warehouses), mobile computers, machine-vision systems, laser-marking systems, and RFID products. Founded in 1972 in Bologna, with manufacturing in Italy, Vietnam, and Hungary. Customers include logistics (FedEx, UPS), retail (Walmart, Carrefour), manufacturing (auto, food) and healthcare. Revenue 508 million euros.
The market has been cool on DAL for two years: post-COVID inventory destocking by Amazon and other warehouse customers crushed barcode-scanner orders in 2023 to 2024, and Chinese low-cost competitors (Zebra, Honeywell on the high end and various private-label Chinese brands at the low end) compressed pricing. But DAL has been quietly maintaining its high-margin niche in safety sensors and machine vision while the barcode commodity gets squeezed.
What Smart Money Thinks
Volta family (founders, including chairman Romano Volta) controls roughly 67 percent — controlling shareholder dynamic typical of Italian industrial mid-caps. No major hedge-fund whale. Italian institutional investors (Mediolanum, BancoBPM) hold most of the float.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
📉 The 3 Real Bear Points
Valuation in Context
At 4.14 EUR the trailing P/E is 27.6 (depressed earnings) but the forward P/E is 10.8. P/B 0.55 reflects the cash on balance sheet plus tangible manufacturing assets. EV/EBITDA 9.2 is fair for industrial automation. The thesis is mean-reversion in barcode-scanner cycle and machine-vision growth compensation.
🗓️ Next 3 Catalyst Dates
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💬 Daniel's Take
DAL is a textbook Italian family-controlled industrial that the market discounts because of structural barcode pressure. The thesis is that machine vision and safety sensors compensate over time, and the family-control discount narrows. I would size 0.5 to 1 percent in a European deep-value sleeve. Risk is Chinese competition spreading from barcodes to machine vision; reward is patient compounding plus 2.9 percent dividend. Not a fast trade.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
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