
Fila Spa: Unlocking Hidden Value in Art Supplies?
💎 Fila Spa presents a compelling special situation where the market value of its stake in the high-growth Indian subsidiary (DOMS) nearly equals Fila's entire market capitalization.
📈 The core Fila business (art supplies, school materials) generates stable profits (€60-70M annually) and is essentially being valued at zero by the market.
💰 Management is actively unlocking value by selling parts of the DOMS stake to reduce debt and return cash to shareholders, highlighted by a high current dividend yield (7.8%).