Buy Or Sell Opportunity • Jun 26
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to €44.80. The fair value is estimated to be €56.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Francesca Bertani was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Mar 18
Comer Industries S.p.A. announces Annual dividend, payable on May 20, 2026 Comer Industries S.p.A. announced Annual dividend of EUR 0.8500 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. Anuncio • Mar 21
Comer Industries S.p.A. announces Annual dividend, payable on May 21, 2025 Comer Industries S.p.A. announced Annual dividend of EUR 0.8000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Reported Earnings • Aug 08
First half 2024 earnings released: EPS: €1.35 (vs €1.92 in 1H 2023) First half 2024 results: EPS: €1.35 (down from €1.92 in 1H 2023). Revenue: €534.7m (down 21% from 1H 2023). Net income: €38.8m (down 30% from 1H 2023). Profit margin: 7.2% (down from 8.1% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Buy Or Sell Opportunity • May 06
Now 22% undervalued Over the last 90 days, the stock has risen 12% to €29.40. The fair value is estimated to be €37.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period. Upcoming Dividend • May 06
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%). Anuncio • Nov 30
Comer Industries S.p.A. (BIT:COM) commences an Equity Buyback Plan for 2,867,809 shares, representing 10% of its issued share capital, under the authorization approved on November 16, 2023. Comer Industries S.p.A. (BIT:COM) commences share repurchases on November 20, 2023, under the program authorized by shareholders in the Ordinary General Meeting held on November 16, 2023. As per the mandate, the company is authorized to repurchase up to 2,867,809 shares, representing 10% of its issued share capital. The repurchase price should not deviate more or less than 15% from the reference price that the stock will have recorded in the stock market session of the day before each individual operation. The shares will be repurchased such that the holding of company's shares do not exceed 10% of its issued share capital. The purpose of the program is to regularize the progress of negotiations and prices and to support the liquidity of the security on the market, to conserve shares for subsequent use, to service future compensation and incentive plans based on financial instruments and reserved for the directors and employees of the Company and/or the companies directly or indirectly controlled by it, to use to service any future programs for the free assignment of shares to shareholders. The authorization will be valid for 18 months. As of October 17, 2023, the company had 28,678,090 issued shares.
On November 16, 2023, the company announced a share repurchase program. Under the first tranche, the company will repurchase up to 286,781 shares, representing 1% of is share capital for €10 million. The repurchases under the tranche will commence from November 20, 2023, and will run through May 20, 2024. Board Change • Oct 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Arnaldo Camuffo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 07
First half 2023 earnings released: EPS: €1.92 (vs €1.68 in 1H 2022) First half 2023 results: EPS: €1.92 (up from €1.68 in 1H 2022). Revenue: €678.9m (up 6.7% from 1H 2022). Net income: €55.0m (up 14% from 1H 2022). Profit margin: 8.1% (up from 7.6% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Buying Opportunity • Jul 20
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be €39.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period. Buying Opportunity • Jun 15
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €38.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period. Buying Opportunity • May 29
Now 22% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be €37.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period. Buying Opportunity • May 09
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €39.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Upcoming Dividend • May 08
Upcoming dividend of €0.75 per share at 2.3% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €37.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 44% over the past year. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: €3.16 (vs €1.38 in FY 2021) Full year 2022 results: EPS: €3.16 (up from €1.38 in FY 2021). Revenue: €1.24b (up 107% from FY 2021). Net income: €90.7m (up 130% from FY 2021). Profit margin: 7.3% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Board Change • Feb 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Arnaldo Camuffo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Jan 11
Comer Industries S.p.A. (BIT:COM) completed the acquisition of Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici. Comer Industries S.p.A. (BIT:COM) agreed to acquire Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici for an entreprise value of €54 million on December 2, 2022. The payment will be on cash and debt free basis. The consideration for the transaction will be paid €50 million at the closing and €4 million in four annual installments of €1 million, without interest, effective as of the twelfth month following the closing date. The amount to be paid at closing, expected by the first half of January 2023 with effect from January 1, 2023, will be financed using a medium- to long-term bank loan stipulated with Crédit Agricole Italia. Comer Industries was assisted by the law firm NOBILI RTZ Legal together with ADVANT Nctm.
Comer Industries S.p.A. (BIT:COM) completed the acquisition of Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici on January 9, 2023. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Arnaldo Camuffo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 19% share price gain to €25.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Machinery industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €32.51 per share. Reported Earnings • Aug 06
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €22.6m from profit in 1H 2021). Profit margin: (down from 7.8% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 29%, compared to a 9.5% growth forecast for the industry in Germany. Buying Opportunity • Jun 07
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €32.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Buying Opportunity • May 10
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €34.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Arnaldo Camuffo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: €1.37 (vs €1.07 in FY 2020) Full year 2021 results: EPS: €1.37 (up from €1.07 in FY 2020). Revenue: €603.9m (up 52% from FY 2020). Net income: €39.4m (up 81% from FY 2020). Profit margin: 6.5% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 97%, compared to a 10% growth forecast for the industry in Germany. Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Arnaldo Camuffo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 