New Risk • Jul 23
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 5.8% 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 Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (€18.2m market cap, or US$20.7m). Buy Or Sell Opportunity • Jul 22
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to €2.90. The fair value is estimated to be €2.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 14%. New Risk • Apr 17
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 Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (€12.5m market cap, or US$14.8m). New Risk • Feb 12
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 5.3% 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 Share price has been highly volatile over the past 3 months (5.3% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (€15.3m market cap, or US$18.2m). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.99, the stock trades at a trailing P/E ratio of 65.3x. Average trailing P/E is 19x in the Machinery industry in Italy. Total returns to shareholders of 17% over the past three years. New Risk • Nov 27
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 5.7% 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 Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (€14.8m market cap, or US$17.1m). New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 5.1% 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 Risk Earnings have declined by 5.1% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Market cap is less than US$100m (€13.0m market cap, or US$14.9m). New Risk • Apr 14
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: Minor Risks High level of debt (42% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€12.8m market cap, or US$14.5m). Annonce • Apr 04
Gel S.p.A., Annual General Meeting, Apr 18, 2025 Gel S.p.A., Annual General Meeting, Apr 18, 2025, at 11:00 W. Europe Standard Time. Buy Or Sell Opportunity • Nov 07
Now 20% undervalued Over the last 90 days, the stock has risen 16% to €1.55. The fair value is estimated to be €1.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 65%. Buy Or Sell Opportunity • Oct 16
Now 21% undervalued Over the last 90 days, the stock has risen 4.1% to €1.53. The fair value is estimated to be €1.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.86m (US$9.71m) 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 (currently running at an operating cash loss). Market cap is less than US$10m (€8.86m market cap, or US$9.71m). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). New Risk • Apr 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€9.61m market cap, or US$10.2m). Price Target Changed • Mar 26
Price target increased by 15% to €2.30 Up from €2.00, the current price target is provided by 1 analyst. New target price is 59% above last closing price of €1.45. Stock is down 5.2% over the past year. The company posted earnings per share of €0.10 last year. New Risk • Jan 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.12m (US$9.91m) 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 Interest payments are not well covered by earnings (2.9x net interest cover). Market cap is less than US$10m (€9.12m market cap, or US$9.91m). Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). New Risk • Oct 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.41m (US$9.97m) 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 Interest payments are not well covered by earnings (2.6x net interest cover). Market cap is less than US$10m (€9.41m market cap, or US$9.97m). Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). New Risk • Jul 04
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 4.8% 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 (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (€11.0m market cap, or US$12.0m). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). President of the Board & CEO Aroldo Berto was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 28
First half 2022 earnings released: EPS: €0 (vs €0.20 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.20 in 1H 2021). Revenue: €9.48m (up 2.3% from 1H 2021). Net income: €671.0k (down 53% from 1H 2021). Profit margin: 7.1% (down from 15% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Machinery industry in Italy. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €1.43, the stock trades at a trailing P/E ratio of 5x. Average forward P/E is 10x in the Machinery industry in Italy. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to €1.97, the stock trades at a trailing P/E ratio of 6.9x. Average forward P/E is 10x in the Machinery industry in Italy. Total returns to shareholders of 82% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). President of the Board & CEO Aroldo Berto was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 27
Price target decreased to €2.80 Down from €3.26, the current price target is provided by 1 analyst. New target price is 52% above last closing price of €1.85. Stock is up 79% over the past year. Price Target Changed • Apr 12
Price target decreased to €2.80 Down from €3.26, the current price target is provided by 1 analyst. New target price is 51% above last closing price of €1.86. Stock is up 100% over the past year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.60, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 10x in the Machinery industry in Italy. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 22% share price gain to €2.20, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 17x in the Machinery industry in Italy. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 39% share price gain to €2.50, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Machinery industry in Italy. Total returns to shareholders of 38% over the past three years. Reported Earnings • Oct 01
First half 2021 earnings released: EPS €0.20 (vs €0.005 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €9.27m (up 29% from 1H 2020). Net income: €1.43m (up €1.39m from 1H 2020). Profit margin: 15% (up from 0.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 13
New 90-day high: €0.78 The company is up 13% from its price of €0.69 on 13 November 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: €0.67 The company is down 15% from its price of €0.79 on 19 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: €0.68 The company is down 16% from its price of €0.81 on 30 July 2020. The Italian market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total profits of €497.2k, with earnings increasing by €483.6k from the prior year. Total revenue was €15.4m over the last 12 months, down 5.6% from the prior year. Is New 90 Day High Low • Sep 22
New 90-day low: €0.70 The company is down 18% from its price of €0.85 on 24 June 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period.