Annonce • Jun 09
ATON Green Storage S.p.A., Annual General Meeting, Jun 29, 2026 ATON Green Storage S.p.A., Annual General Meeting, Jun 29, 2026, at 15:00 W. Europe Standard Time. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (€4.88m market cap, or US$5.71m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$10m (€6.30m market cap, or US$7.39m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.51m (US$9.80m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€8.51m market cap, or US$9.80m). New Risk • Jan 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (€13.1m market cap, or US$15.3m). Reported Earnings • Sep 29
First half 2025 earnings released First half 2025 results: €0.50 loss per share. Revenue: €2.84m (down 65% from 1H 2024). Net loss: €3.75m (loss widened 92% from 1H 2024). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 333% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €20.9m to €19.0m. Losses expected to increase from €0.03 per share to €0.13. Electrical industry in Italy expected to see average net income growth of 36% next year. Consensus price target down from €3.65 to €2.98. Share price rose 5.1% to €1.84 over the past week. Reported Earnings • Apr 16
Full year 2024 earnings: Revenues miss analyst expectations Full year 2024 results: Revenue: €14.7m (down 65% from FY 2023). Net loss: €5.97m (down 260% from profit in FY 2023). Revenue missed analyst estimates by 7.8%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electrical industry in Italy. New Risk • Apr 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€12.5m market cap, or US$14.1m). Annonce • Apr 09
ATON Green Storage S.p.A., Annual General Meeting, Apr 29, 2025 ATON Green Storage S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €2.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electrical industry in Italy. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.66, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Electrical industry in Italy. Total loss to shareholders of 66% over the past three years. Price Target Changed • Oct 20
Price target decreased by 44% to €4.30 Down from €7.70, the current price target is provided by 1 analyst. New target price is 38% above last closing price of €3.12. Stock is down 43% over the past year. The company is forecast to post earnings per share of €0.76 for next year compared to €0.96 last year. Reported Earnings • Sep 27
First half 2023 earnings released First half 2023 results: Revenue: €22.5m (down 13% from 1H 2022). Net income: €2.10m (down 44% from 1H 2022). Profit margin: 9.4% (down from 14% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 4 years, compared to a 9.3% growth forecast for the Electrical industry in Italy. New Risk • Sep 27
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (€27.9m market cap, or US$31.1m). Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €4.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electrical industry in Italy. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €6.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Electrical industry in Italy. Total returns to shareholders of 4.3% over the past three years. New Risk • Jun 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (€40.9m market cap, or US$43.7m). Major Estimate Revision • Apr 19
Consensus revenue estimates fall by 33% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €58.0m to €39.1m. EPS estimate fell from €0.878 to €0.533 per share. Net income forecast to shrink 12% next year vs 8.7% growth forecast for Electrical industry in Italy . Consensus price target down from €7.70 to €7.40. Share price fell 5.7% to €5.75 over the past week. New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€43.1m market cap, or US$45.8m). Reported Earnings • Apr 07
Full year 2023 earnings released Full year 2023 results: Revenue: €43.5m (down 15% from FY 2022). Net income: €3.74m (down 48% from FY 2022). Profit margin: 8.6% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Electrical industry in Italy. Buy Or Sell Opportunity • Feb 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to €6.50. The fair value is estimated to be €5.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Jan 25
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €6.00. The fair value is estimated to be €4.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €5.56, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Electrical industry in Italy. Total loss to shareholders of 10% over the past year. Major Estimate Revision • Oct 13
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €58.1m to €51.0m. EPS estimate fell from €0.899 to €0.756 per share. Net income forecast to grow 11% next year vs 7.8% growth forecast for Electrical industry in Italy. Consensus price target down from €10.90 to €7.70. Share price rose 3.1% to €5.32 over the past week. Buying Opportunity • Sep 28
Now 32% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €7.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 7.4% per annum over the same time period. Reported Earnings • Sep 26
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €26.0m (up €21.8m from 1H 2021). Net income: €3.74m (up €3.42m from 1H 2021). Profit margin: 14% (up from 7.7% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Electrical industry in Italy. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.16, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 20x in the Electrical industry in Italy. Total loss to shareholders of 3.4% over the past year. Reported Earnings • Apr 17
Full year 2021 earnings released Full year 2021 results: EPS: €0.33. Revenue: €23.6m (up 199% from FY 2020). Net income: €2.48m (up €3.44m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was driven by higher revenue.