Annuncio • May 28
Innovatec S.p.A. has filed a Follow-on Equity Offering in the amount of €7.9968 million. Innovatec S.p.A. has filed a Follow-on Equity Offering in the amount of €7.9968 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 40,800,000
Price\Range: €0.196
Transaction Features: Rights Offering Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Director Eugenio D’Amico 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. Annuncio • Apr 16
Innovatec S.p.A., Annual General Meeting, Apr 30, 2026 Innovatec S.p.A., Annual General Meeting, Apr 30, 2026, at 15:00 W. Europe Standard Time. Location: via giovanni bensi n 12 5, milano Italy Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Director Eugenio D’Amico 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. New Risk • Sep 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.8m (US$95.7m) This is considered a minor 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 Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.03% net profit margin). Market cap is less than US$100m (€86.8m market cap, or US$95.7m). New Risk • Jun 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.03% net profit margin). New Risk • Apr 16
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. This is currently the only risk that has been identified for the company. New Risk • Nov 24
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 German stocks, typically moving 9.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.08, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Electrical industry in Europe. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.30 per share. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.44, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Electrical industry in Europe. Total loss to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Electrical industry in Europe. Total loss to shareholders of 31% over the past year. Buying Opportunity • Mar 28
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 8.4%. The fair value is estimated to be €1.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 43% in 2 years. Earnings is forecast to grow by 53% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Electrical industry in Germany. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.10 per share. Buying Opportunity • Mar 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €1.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Director Ciardo Maria Domenica is the most experienced director on the board, commencing their role in 2021. Independent Director Eugenio D’Amico was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 17% share price gain to €1.93, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 25x in the Electrical industry in Germany. Total returns to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.71 per share. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.027 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €164.0m (up 167% from 1H 2021). Net income: €8.46m (up 254% from 1H 2021). Profit margin: 5.2% (up from 3.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Germany. Annuncio • Jul 28
Innovatec S.p.A. (BIT:INC) completed the acquisition of approximately 29.59% stake in ESI S.p.A. (BIT : ESI) from Integra S.r.l. Innovatec S.p.A. (BIT:INC) agreed to acquire approximately 29.59% stake in ESI S.p.A. (BIT:ESI) from Integra S.r.l. for €6.4 million on July 12, 2022. As per consideration, for the purchase of 1,430,823 shares of ESI, cash of €3.145 million per share will be paid and for the purchase of 635,922 shares of ESI, 1 million Innovatec shares will e issued in favor of Integra through a capital increase reserved. Prior to this transaction, Integra held a majority stake of 55.80% in ESI S.p.A.
Innovatec S.p.A. (BIT:INC) completed the acquisition of approximately 29.59% stake in ESI S.p.A. (BIT : ESI) from Integra S.r.l. on July 26, 2022. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 25% share price gain to €1.96, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Electrical industry in Germany. Total returns to shareholders of 217% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.09 per share. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 15% share price gain to €2.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Electrical industry in Germany. Total returns to shareholders of 242% over the past year. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Director Ciardo Maria Domenica is the most experienced director on the board, commencing their role in 2021. Independent Director Eugenio D’Amico was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 01
Full year 2021 earnings released Full year 2021 results: Revenue: €144.6m (up 419% from FY 2020). Net income: €6.37m (up €5.70m from FY 2020). Profit margin: 4.4% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 83%, compared to a 16% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 21% share price gain to €2.02, the stock trades at a trailing P/E ratio of 68.3x. Average forward P/E is 31x in the Electrical industry in Germany. Total returns to shareholders of 195% over the past year. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.78, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 50x in the Electrical industry in Germany. Total returns to shareholders of 154% over the past year. Annuncio • Dec 11
Innovatec S.p.A. (BIT:INC) acquired 56.45 percentage stake in Cobat S.p.A. Innovatec S.p.A. (BIT:INC) acquired 56.45 percentage stake in Cobat S.p.A. on December, 2021. Norton Rose Fulbright has advised Innovatec S.p.A. (Innovatec) in the legal due diligence.
Innovatec S.p.A. (BIT:INC) completed the acquisition of 56.45 percentage stake in Cobat S.p.A. on December, 2021 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 15% share price gain to €1.49, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 49x in the Electrical industry in Germany. Total returns to shareholders of 185% over the past year. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 18% share price gain to €1.10, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 49x in the Electrical industry in Germany. Total returns to shareholders of 143% over the past year. Reported Earnings • Oct 07
First half 2021 earnings released: EPS €0.027 (vs €0.003 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €61.5m (up 409% from 1H 2020). Net income: €2.39m (up €2.11m from 1H 2020). Profit margin: 3.9% (up from 2.3% in 1H 2020). The increase in margin was driven by higher revenue. Annuncio • Jul 03
Innovatec S.p.A. (BIT:INC) signed a prelim agreement to acquire remaining 49.9% stake in Clean Tech LuxCo S.A. from Fidimo fiduciaria S.r.l. Innovatec S.p.A. (BIT:INC) signed a prelim agreement to acquire remaining 49.9% stake in Clean Tech LuxCo S.A. from Fidimo fiduciaria S.r.l. on July 1, 2021. The consideration of 49.9% stake and financial instruments issued by Clean Tech's unit SPC Green is €17 million. The transaction is expected to complete before July 14, 2021. Is New 90 Day High Low • Dec 15
New 90-day high: €0.71 The company is up 23% from its price of €0.58 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 15% over the same period. Annuncio • Dec 13
Innovatec S.p.A. (BIT:INC) agreed to acquire 50.1% stake in Clean Tech LuxCo SA from Sostenya Group Plc for €5.8 million. Innovatec S.p.A. (BIT:INC) agreed to acquire 50.1% stake in Clean Tech LuxCo SA from Sostenya Group Plc for €5.8 million on December 10, 2020. The transaction has been approved by board of directors of Innovatec S.p.A. on December 10, 2020. 
