Ariston Holding（E0E）株式概要アリストン・ホールディング社（Ariston Holding N.V.）は、子会社を通じて、オランダ、ドイツ、イタリア、スイス、および世界各地で給湯・暖房ソリューションを製造・販売している。 詳細E0E ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長1/6過去の実績4/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より31.5%で取引されている 収益は年間7.39%増加すると予測されています 過去1年間で収益は5196%増加しました 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が34.4%上昇するだろうとほぼ一致している。 リスク分析不安定な配当実績 すべてのリスクチェックを見るE0E Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€3.2544.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture03b2016201920222025202620282031Revenue €3.4bEarnings €162.0mAdvancedSet Fair ValueView all narrativesAriston Holding N.V. 競合他社STEICOSymbol: XTRA:ST5Market cap: €304.2mVilleroy & BochSymbol: XTRA:VIB3Market cap: €434.9mWestagSymbol: HMSE:WUGMarket cap: €137.8mInnoTec TSSSymbol: DB:TSSMarket cap: €74.2m価格と性能株価の高値、安値、推移の概要Ariston Holding過去の株価現在の株価€3.2552週高値€5.5352週安値€3.14ベータ0.991ヶ月の変化-18.69%3ヶ月変化-35.76%1年変化-27.07%3年間の変化-68.10%5年間の変化n/aIPOからの変化-67.85%最新ニュースお知らせ • Mar 05Ariston Holding N.V. announces Annual dividend, payable on May 20, 2026Ariston Holding N.V. announced Annual dividend of EUR 0.1000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.お知らせ • Dec 24Ariston Holding N.V., Annual General Meeting, May 05, 2026Ariston Holding N.V., Annual General Meeting, May 05, 2026.お知らせ • Dec 23+ 3 more updatesAriston Holding N.V. to Report Q1, 2026 Results on May 06, 2026Ariston Holding N.V. announced that they will report Q1, 2026 results on May 06, 2026お知らせ • Nov 06Ariston Holding N.V. (BIT:ARIS) announces an Equity Buyback for 2,000,000 shares, for €16 million.Ariston Holding N.V. (BIT:ARIS) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, for €16 million. The program will be carried out in one or more tranches. The shares will be repurchased at a a minimum price, excluding expenses, of the nominal value of Ariston’s shares, and maximum price of €8.00 per share. The purpose of the plan is to meet the obligations arising from the long-term incentives plans. The plan will be valid till May 6, 2027. As of November 6, 2025, the company had 4,415,626 shares in treasury.お知らせ • Apr 18Ariston Holding N.V., Annual General Meeting, Jun 03, 2025Ariston Holding N.V., Annual General Meeting, Jun 03, 2025, at 12:00 W. Europe Standard Time.お知らせ • Mar 14Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family.Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family on March 12, 2025. On completion, The two founders of DDR will remain actively involved in the company’s integration and future growth, ensuring a smooth transition and continuity in leadership. With this acquisition, Ariston Group aims to accelerate DDR’s growth across North America, enhancing its go-to-market capabilities and integrating its technologies with Thermowatt’s expertise. For the period ending December 31, 2024, Ddr Heating, Inc. reported total revenue of $6 million. Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Ddr Heating, Inc. from family on March 12, 2025.最新情報をもっと見るRecent updatesお知らせ • Mar 05Ariston Holding N.V. announces Annual dividend, payable on May 20, 2026Ariston Holding N.V. announced Annual dividend of EUR 0.1000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.お知らせ • Dec 24Ariston Holding N.V., Annual General Meeting, May 05, 2026Ariston Holding N.V., Annual General Meeting, May 05, 2026.お知らせ • Dec 23+ 3 more updatesAriston Holding N.V. to Report Q1, 2026 Results on May 06, 2026Ariston Holding N.V. announced that they will report Q1, 2026 results on May 06, 2026お知らせ • Nov 06Ariston Holding N.V. (BIT:ARIS) announces an Equity Buyback for 2,000,000 shares, for €16 million.Ariston Holding N.V. (BIT:ARIS) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, for €16 million. The program will be carried out in one or more tranches. The shares will be repurchased at a a minimum price, excluding expenses, of the nominal value of Ariston’s shares, and maximum price of €8.00 per share. The purpose of the plan is to meet the obligations arising from the long-term incentives plans. The plan will be valid till May 6, 2027. As of November 6, 2025, the company had 4,415,626 shares in treasury.お知らせ • Apr 18Ariston Holding N.V., Annual General Meeting, Jun 03, 2025Ariston Holding N.V., Annual General Meeting, Jun 03, 2025, at 12:00 W. Europe Standard Time.お知らせ • Mar 14Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family.Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family on March 12, 2025. On completion, The two founders of DDR will remain actively involved in the company’s integration and future growth, ensuring a smooth transition and continuity in leadership. With this acquisition, Ariston Group aims to accelerate DDR’s growth across North America, enhancing its go-to-market capabilities and integrating its technologies with Thermowatt’s expertise. For the period ending December 31, 2024, Ddr Heating, Inc. reported total revenue of $6 million. Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Ddr Heating, Inc. from family on March 12, 2025.お知らせ • Mar 06Ariston Holding N.V. announces Annual dividend, payable on June 25, 2025Ariston Holding N.V. announced Annual dividend of EUR 0.0800 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.お知らせ • Feb 18Ariston Holding N.V. to Report Fiscal Year 2024 Results on Mar 05, 2025Ariston Holding N.V. announced that they will report fiscal year 2024 results on Mar 05, 2025お知らせ • Dec 19+ 3 more updatesAriston Holding N.V. to Report First Half, 2025 Results on Jul 31, 2025Ariston Holding N.V. announced that they will report first half, 2025 results on Jul 31, 2025Buy Or Sell Opportunity • Nov 15Now 23% overvaluedOver the last 90 days, the stock has fallen 1.7% to €3.71. The fair value is estimated to be €3.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 3.5% in 2 years. Earnings are forecast to grow by 133% in the next 2 years.Recent Insider Transactions • Oct 04Executive Chairman recently bought €360k worth of stockOn the 1st of October, Paolo Merloni bought around 82k shares on-market at roughly €4.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Paolo has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.48, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Building industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.90 per share.Reported Earnings • Aug 05First half 2024 earnings released: €0.086 loss per share (vs €0.27 profit in 1H 2023)First half 2024 results: €0.086 loss per share (down from €0.27 profit in 1H 2023). Revenue: €1.30b (down 16% from 1H 2023). Net loss: €31.9m (down 131% from profit in 1H 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe.Recent Insider Transactions • Jun 28Executive Chairman recently bought €293k worth of stockOn the 25th of June, Paolo Merloni bought around 71k shares on-market at roughly €4.12 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €664k. This was Paolo's only on-market trade for the last 12 months.Buy Or Sell Opportunity • May 27Now 23% overvaluedOver the last 90 days, the stock has fallen 13% to €4.93. The fair value is estimated to be €4.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are also forecast to decline by 0.3% per annum over the same time period.Recent Insider Transactions • May 15Non Executive Director recently bought €664k worth of stockOn the 6th of May, Laurent Alexis Michel Jacquemin bought around 132k shares on-market at roughly €5.04 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €769k more in shares than they have sold in the last 12 months.Upcoming Dividend • May 13Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.7%).New Risk • May 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Apr 07+ 2 more updatesAriston Holding N.V. to Report Q1, 2024 Results on May 07, 2024Ariston Holding N.V. announced that they will report Q1, 2024 results on May 07, 2024Buy Or Sell Opportunity • Mar 22Now 27% overvaluedOver the last 90 days, the stock has fallen 4.6% to €5.95. The fair value is estimated to be €4.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.Board Change • Mar 12High number of new and inexperienced directorsThere are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Maria Merloni is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Mar 06Ariston Holding N.V., Annual General Meeting, May 06, 2024Ariston Holding N.V., Annual General Meeting, May 06, 2024. Agenda: To approve the annual report including, inter alia, the financial statements for the year ended 31 December 2023, the non-financial disclosure, the corporate governance report and the remuneration report.Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: €3.15b (up 30% from FY 2022). Net income: €191.2m (up 36% from FY 2022). Profit margin: 6.1% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany.お知らせ • Mar 01Ariston Holding N.V. to Report Fiscal Year 2023 Results on Mar 05, 2024Ariston Holding N.V. announced that they will report fiscal year 2023 results on Mar 05, 2024New Risk • Nov 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% 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: Minor Risks High level of debt (47% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding).お知らせ • Oct 31Ariston Holding N.V. to Report Q3, 2023 Results on Nov 07, 2023Ariston Holding N.V. announced that they will report Q3, 2023 results on Nov 07, 2023Buying Opportunity • Oct 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be €6.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 10% per annum over the same time period.Recent Insider Transactions • Oct 09CEO & Executive Director recently bought €305k worth of stockOn the 5th of October, Maurizio Brusadelli bought around 50k shares on-market at roughly €6.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Maurizio's only on-market trade for the last 12 months.Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Maurizio Brusadelli was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Buying Opportunity • Aug 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €8.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Reported Earnings • Aug 07First half 2023 earnings released: EPS: €0.27 (vs €0.20 in 1H 2022)First half 2023 results: EPS: €0.27 (up from €0.20 in 1H 2022). Revenue: €1.55b (up 34% from 1H 2022). Net income: €101.6m (up 53% from 1H 2022). Profit margin: 6.5% (up from 5.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany.New Risk • Aug 06New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.4% increase in shares outstanding).お知らせ • Aug 01Ariston Holding N.V. to Report First Half, 2023 Results on Aug 03, 2023Ariston Holding N.V. announced that they will report first half, 2023 results on Aug 03, 2023New Risk • Jul 20New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 93% Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding).Upcoming Dividend • May 15Upcoming dividend of €0.13 per share at 1.3% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 31% and the cash payout ratio is 89%. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%).Recent Insider Transactions • May 11Executive Chairman recently bought €1.6m worth of stockOn the 5th of May, Paolo Merloni bought around 157k shares on-market at roughly €10.13 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paolo's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €10.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.55 per share.Reported Earnings • Mar 03Full year 2022 earnings released: EPS: €0.43 (vs €0.47 in FY 2021)Full year 2022 results: EPS: €0.43. Revenue: €2.42b (up 20% from FY 2021). Net income: €140.3m (up 2.8% from FY 2021). Profit margin: 5.8% (down from 6.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.お知らせ • Jan 03Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV).Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) for approximately €1 billion on September 15, 2022. Under the terms of transaction, consider will be paid approximately €703 million in cash and approximately 41.4 million Ariston’s shares. In 2021, Centrotec Climate Systems reported net revenue of approximately €599 million and adjusted EBITDA of €84.8 million. The transaction is subject to the approval by the Company’s shareholders and certain authorizations by the competent authorities. The main shareholder of the Company, Merloni Holding S.p.A., has already committed itself to vote in favour of the Transaction, which is envisaged to be consummated by December 31, 2022 and is expected to close by December 31, 2022. CC&Soci and Goldman Sachs Bank Europe SE acted as financial advisors to Ariston. Pedersoli acted as lead counsel, Sandra Thiel, Christoph Holstein, Dimitri Slobodenjuk, Moritz Petersen, Stefan Simon, Christopher Fischer, Claudia Milbradt, Christian Keilich, Esther Giesbrecht of Clifford Chance and Houthoff respectively as legal advisors for German and Dutch law; KPMG for due diligence and Equita SIM as provider of the fairness opinion to Ariston’s Board of Directors. Dr. Kai Hasselbach, Dr. Max Alles, Sandra Jung, Victoria, Dr. Thomas Wessely, Amaryllis, Associate Klaus Kowalski, Dr. David Beutel and Dr. Martin Rehberg of Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB acted as legal advisor to Centrotec SE (HMSE:CEV). Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) on January 2, 2023.Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Lorenzo Pozza 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 • Sep 30First half 2022 earnings releasedFirst half 2022 results: EPS: €0.20. Net income: €66.4m (up €66.4m from 1H 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany.お知らせ • Sep 16Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV).Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) on September 15, 2022. Under the terms of transaction, consider will be paid approximately €703 million in cash and approximately 41.4 million Ariston’s shares. In 2021, Centrotec Climate Syste ms reported net revenue of approximately €599 million and adjusted EBITDA of €84.8 million. The transaction is subject to the approval by the Company’s shareholders and certain authorizations by the competent authorities. The main shareholder of the Company, Merloni Holding S.p.A., has already committed itself to vote in favour of the Transaction, which is envisaged to be consummated by December 31st, 2022 and is expected to close by December 31, 2022. Ariston was advised by CC&Soci and Goldman Sachs Bank Europe SE as financial advisors; Pedersoli acted as lead counsel, Clifford Chance and Houthoff respectively as legal advisors for German and Dutch law; KPMG for due diligence and Equita SIM as provider of the fairness opinion to Ariston’s Board of Directors.Recent Insider Transactions • May 07Executive Chairman recently bought €1.8m worth of stockOn the 4th of May, Paolo Merloni bought around 176k shares on-market at roughly €10.25 per share. This was the largest purchase by an insider in the last 3 months. Paolo has been a buyer over the last 12 months, purchasing a net total of €135m worth in shares.Recent Insider Transactions • Mar 21Executive Chair recently sold €2.0m worth of stockOn the 17th of March, Paolo Merloni sold around 220k shares on-market at roughly €8.99 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Paolo has been a buyer over the last 12 months, purchasing a net total of €133m worth of shares.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to €9.69, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €10.07 per share.Board Change • Nov 30Less than half of directors are independentFollowing 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. 11 non-independent directors. Non-Executive Director Lorenzo Pozza was the last 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.株主還元E0EDE BuildingDE 市場7D-8.2%0.5%3.9%1Y-27.1%-4.1%2.6%株主還元を見る業界別リターン: E0E過去 1 年間で-4.1 % の収益を上げたGerman Building業界を下回りました。リターン対市場: E0Eは、過去 1 年間で2.6 % のリターンを上げたGerman市場を下回りました。価格変動Is E0E's price volatile compared to industry and market?E0E volatilityE0E Average Weekly Movement8.4%Building Industry Average Movement3.9%Market Average Movement6.1%10% most volatile stocks in DE Market12.9%10% least volatile stocks in DE Market2.7%安定した株価: E0E 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: E0Eの 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト193010,206Maurizio Brusadelliwww.aristongroup.comアリストン・ホールディング社（Ariston Holding N.V.）は、子会社を通じて、オランダ、ドイツ、イタリア、スイス、および世界各地で給湯・暖房機器を製造・販売している。事業部門は3つ：サーマルコンフォート、バーナー、コンポーネント。同社は、ヒートポンプ、蓄熱式ガス給湯器、ガス瞬間湯沸かし器、シリンダーなどの給湯製品、太陽熱、蓄熱式電気給湯器、電気瞬間湯沸かし器、ボイラー、ヒートポンプ、ハイブリッドシステム、空調製品、サーモスタット、直接サービスおよび部品からなる空間暖房製品を提供している。また、バーナーや部品、熱回収換気・空気処理製品も提供している。Ariston、Elco、Wolf、ATAG、Calorex、Brink、NTI、Chaffoteaux、Racold、Domotec、Chromagen、Thermowatt、Ecoflamのブランドで製品を提供している。オンライン販売も行っている。アリストン・ホールディングN.V.は1930年に設立され、イタリアのミラノに本社を置く。アリストン・ホールディングN.V.はメルローニ・ホールディングS.P.A.の子会社として営業している。もっと見るAriston Holding N.V. 基礎のまとめAriston Holding の収益と売上を時価総額と比較するとどうか。E0E 基礎統計学時価総額€1.12b収益（TTM）€132.40m売上高(TTM)€2.75b8.5xPER（株価収益率0.4xP/SレシオE0E は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計E0E 損益計算書（TTM）収益€2.75b売上原価€1.64b売上総利益€1.11bその他の費用€976.60m収益€132.40m直近の収益報告Dec 31, 2025次回決算日Jul 29, 2026一株当たり利益（EPS）0.38グロス・マージン40.37%純利益率4.82%有利子負債／自己資本比率54.3%E0E の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り28%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 20:11終値2026/05/25 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ariston Holding N.V. 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Paola SagliettiBanca Akros S.p.A. (ESN)Paola SagliettiBanca Akros S.p.A. (ESN)Rajesh PatkiBarclays13 その他のアナリストを表示
お知らせ • Mar 05Ariston Holding N.V. announces Annual dividend, payable on May 20, 2026Ariston Holding N.V. announced Annual dividend of EUR 0.1000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
お知らせ • Dec 24Ariston Holding N.V., Annual General Meeting, May 05, 2026Ariston Holding N.V., Annual General Meeting, May 05, 2026.
お知らせ • Dec 23+ 3 more updatesAriston Holding N.V. to Report Q1, 2026 Results on May 06, 2026Ariston Holding N.V. announced that they will report Q1, 2026 results on May 06, 2026
お知らせ • Nov 06Ariston Holding N.V. (BIT:ARIS) announces an Equity Buyback for 2,000,000 shares, for €16 million.Ariston Holding N.V. (BIT:ARIS) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, for €16 million. The program will be carried out in one or more tranches. The shares will be repurchased at a a minimum price, excluding expenses, of the nominal value of Ariston’s shares, and maximum price of €8.00 per share. The purpose of the plan is to meet the obligations arising from the long-term incentives plans. The plan will be valid till May 6, 2027. As of November 6, 2025, the company had 4,415,626 shares in treasury.
お知らせ • Apr 18Ariston Holding N.V., Annual General Meeting, Jun 03, 2025Ariston Holding N.V., Annual General Meeting, Jun 03, 2025, at 12:00 W. Europe Standard Time.
お知らせ • Mar 14Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family.Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family on March 12, 2025. On completion, The two founders of DDR will remain actively involved in the company’s integration and future growth, ensuring a smooth transition and continuity in leadership. With this acquisition, Ariston Group aims to accelerate DDR’s growth across North America, enhancing its go-to-market capabilities and integrating its technologies with Thermowatt’s expertise. For the period ending December 31, 2024, Ddr Heating, Inc. reported total revenue of $6 million. Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Ddr Heating, Inc. from family on March 12, 2025.
お知らせ • Mar 05Ariston Holding N.V. announces Annual dividend, payable on May 20, 2026Ariston Holding N.V. announced Annual dividend of EUR 0.1000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
お知らせ • Dec 24Ariston Holding N.V., Annual General Meeting, May 05, 2026Ariston Holding N.V., Annual General Meeting, May 05, 2026.
お知らせ • Dec 23+ 3 more updatesAriston Holding N.V. to Report Q1, 2026 Results on May 06, 2026Ariston Holding N.V. announced that they will report Q1, 2026 results on May 06, 2026
お知らせ • Nov 06Ariston Holding N.V. (BIT:ARIS) announces an Equity Buyback for 2,000,000 shares, for €16 million.Ariston Holding N.V. (BIT:ARIS) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, for €16 million. The program will be carried out in one or more tranches. The shares will be repurchased at a a minimum price, excluding expenses, of the nominal value of Ariston’s shares, and maximum price of €8.00 per share. The purpose of the plan is to meet the obligations arising from the long-term incentives plans. The plan will be valid till May 6, 2027. As of November 6, 2025, the company had 4,415,626 shares in treasury.
お知らせ • Apr 18Ariston Holding N.V., Annual General Meeting, Jun 03, 2025Ariston Holding N.V., Annual General Meeting, Jun 03, 2025, at 12:00 W. Europe Standard Time.
お知らせ • Mar 14Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family.Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family on March 12, 2025. On completion, The two founders of DDR will remain actively involved in the company’s integration and future growth, ensuring a smooth transition and continuity in leadership. With this acquisition, Ariston Group aims to accelerate DDR’s growth across North America, enhancing its go-to-market capabilities and integrating its technologies with Thermowatt’s expertise. For the period ending December 31, 2024, Ddr Heating, Inc. reported total revenue of $6 million. Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Ddr Heating, Inc. from family on March 12, 2025.
お知らせ • Mar 06Ariston Holding N.V. announces Annual dividend, payable on June 25, 2025Ariston Holding N.V. announced Annual dividend of EUR 0.0800 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
お知らせ • Feb 18Ariston Holding N.V. to Report Fiscal Year 2024 Results on Mar 05, 2025Ariston Holding N.V. announced that they will report fiscal year 2024 results on Mar 05, 2025
お知らせ • Dec 19+ 3 more updatesAriston Holding N.V. to Report First Half, 2025 Results on Jul 31, 2025Ariston Holding N.V. announced that they will report first half, 2025 results on Jul 31, 2025
Buy Or Sell Opportunity • Nov 15Now 23% overvaluedOver the last 90 days, the stock has fallen 1.7% to €3.71. The fair value is estimated to be €3.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 3.5% in 2 years. Earnings are forecast to grow by 133% in the next 2 years.
Recent Insider Transactions • Oct 04Executive Chairman recently bought €360k worth of stockOn the 1st of October, Paolo Merloni bought around 82k shares on-market at roughly €4.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Paolo has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.48, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Building industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.90 per share.
Reported Earnings • Aug 05First half 2024 earnings released: €0.086 loss per share (vs €0.27 profit in 1H 2023)First half 2024 results: €0.086 loss per share (down from €0.27 profit in 1H 2023). Revenue: €1.30b (down 16% from 1H 2023). Net loss: €31.9m (down 131% from profit in 1H 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe.
Recent Insider Transactions • Jun 28Executive Chairman recently bought €293k worth of stockOn the 25th of June, Paolo Merloni bought around 71k shares on-market at roughly €4.12 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €664k. This was Paolo's only on-market trade for the last 12 months.
Buy Or Sell Opportunity • May 27Now 23% overvaluedOver the last 90 days, the stock has fallen 13% to €4.93. The fair value is estimated to be €4.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are also forecast to decline by 0.3% per annum over the same time period.
Recent Insider Transactions • May 15Non Executive Director recently bought €664k worth of stockOn the 6th of May, Laurent Alexis Michel Jacquemin bought around 132k shares on-market at roughly €5.04 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €769k more in shares than they have sold in the last 12 months.
Upcoming Dividend • May 13Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.7%).
New Risk • May 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Apr 07+ 2 more updatesAriston Holding N.V. to Report Q1, 2024 Results on May 07, 2024Ariston Holding N.V. announced that they will report Q1, 2024 results on May 07, 2024
Buy Or Sell Opportunity • Mar 22Now 27% overvaluedOver the last 90 days, the stock has fallen 4.6% to €5.95. The fair value is estimated to be €4.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.
Board Change • Mar 12High number of new and inexperienced directorsThere are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Maria Merloni is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Mar 06Ariston Holding N.V., Annual General Meeting, May 06, 2024Ariston Holding N.V., Annual General Meeting, May 06, 2024. Agenda: To approve the annual report including, inter alia, the financial statements for the year ended 31 December 2023, the non-financial disclosure, the corporate governance report and the remuneration report.
Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: €3.15b (up 30% from FY 2022). Net income: €191.2m (up 36% from FY 2022). Profit margin: 6.1% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Mar 01Ariston Holding N.V. to Report Fiscal Year 2023 Results on Mar 05, 2024Ariston Holding N.V. announced that they will report fiscal year 2023 results on Mar 05, 2024
New Risk • Nov 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% 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: Minor Risks High level of debt (47% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding).
お知らせ • Oct 31Ariston Holding N.V. to Report Q3, 2023 Results on Nov 07, 2023Ariston Holding N.V. announced that they will report Q3, 2023 results on Nov 07, 2023
Buying Opportunity • Oct 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be €6.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 10% per annum over the same time period.
Recent Insider Transactions • Oct 09CEO & Executive Director recently bought €305k worth of stockOn the 5th of October, Maurizio Brusadelli bought around 50k shares on-market at roughly €6.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Maurizio's only on-market trade for the last 12 months.
Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Maurizio Brusadelli was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Aug 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €8.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Reported Earnings • Aug 07First half 2023 earnings released: EPS: €0.27 (vs €0.20 in 1H 2022)First half 2023 results: EPS: €0.27 (up from €0.20 in 1H 2022). Revenue: €1.55b (up 34% from 1H 2022). Net income: €101.6m (up 53% from 1H 2022). Profit margin: 6.5% (up from 5.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany.
New Risk • Aug 06New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.4% increase in shares outstanding).
お知らせ • Aug 01Ariston Holding N.V. to Report First Half, 2023 Results on Aug 03, 2023Ariston Holding N.V. announced that they will report first half, 2023 results on Aug 03, 2023
New Risk • Jul 20New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 93% Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding).
Upcoming Dividend • May 15Upcoming dividend of €0.13 per share at 1.3% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 31% and the cash payout ratio is 89%. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%).
Recent Insider Transactions • May 11Executive Chairman recently bought €1.6m worth of stockOn the 5th of May, Paolo Merloni bought around 157k shares on-market at roughly €10.13 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paolo's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €10.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.55 per share.
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: €0.43 (vs €0.47 in FY 2021)Full year 2022 results: EPS: €0.43. Revenue: €2.42b (up 20% from FY 2021). Net income: €140.3m (up 2.8% from FY 2021). Profit margin: 5.8% (down from 6.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Jan 03Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV).Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) for approximately €1 billion on September 15, 2022. Under the terms of transaction, consider will be paid approximately €703 million in cash and approximately 41.4 million Ariston’s shares. In 2021, Centrotec Climate Systems reported net revenue of approximately €599 million and adjusted EBITDA of €84.8 million. The transaction is subject to the approval by the Company’s shareholders and certain authorizations by the competent authorities. The main shareholder of the Company, Merloni Holding S.p.A., has already committed itself to vote in favour of the Transaction, which is envisaged to be consummated by December 31, 2022 and is expected to close by December 31, 2022. CC&Soci and Goldman Sachs Bank Europe SE acted as financial advisors to Ariston. Pedersoli acted as lead counsel, Sandra Thiel, Christoph Holstein, Dimitri Slobodenjuk, Moritz Petersen, Stefan Simon, Christopher Fischer, Claudia Milbradt, Christian Keilich, Esther Giesbrecht of Clifford Chance and Houthoff respectively as legal advisors for German and Dutch law; KPMG for due diligence and Equita SIM as provider of the fairness opinion to Ariston’s Board of Directors. Dr. Kai Hasselbach, Dr. Max Alles, Sandra Jung, Victoria, Dr. Thomas Wessely, Amaryllis, Associate Klaus Kowalski, Dr. David Beutel and Dr. Martin Rehberg of Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB acted as legal advisor to Centrotec SE (HMSE:CEV). Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) on January 2, 2023.
Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Lorenzo Pozza 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 • Sep 30First half 2022 earnings releasedFirst half 2022 results: EPS: €0.20. Net income: €66.4m (up €66.4m from 1H 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Sep 16Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV).Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) on September 15, 2022. Under the terms of transaction, consider will be paid approximately €703 million in cash and approximately 41.4 million Ariston’s shares. In 2021, Centrotec Climate Syste ms reported net revenue of approximately €599 million and adjusted EBITDA of €84.8 million. The transaction is subject to the approval by the Company’s shareholders and certain authorizations by the competent authorities. The main shareholder of the Company, Merloni Holding S.p.A., has already committed itself to vote in favour of the Transaction, which is envisaged to be consummated by December 31st, 2022 and is expected to close by December 31, 2022. Ariston was advised by CC&Soci and Goldman Sachs Bank Europe SE as financial advisors; Pedersoli acted as lead counsel, Clifford Chance and Houthoff respectively as legal advisors for German and Dutch law; KPMG for due diligence and Equita SIM as provider of the fairness opinion to Ariston’s Board of Directors.
Recent Insider Transactions • May 07Executive Chairman recently bought €1.8m worth of stockOn the 4th of May, Paolo Merloni bought around 176k shares on-market at roughly €10.25 per share. This was the largest purchase by an insider in the last 3 months. Paolo has been a buyer over the last 12 months, purchasing a net total of €135m worth in shares.
Recent Insider Transactions • Mar 21Executive Chair recently sold €2.0m worth of stockOn the 17th of March, Paolo Merloni sold around 220k shares on-market at roughly €8.99 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Paolo has been a buyer over the last 12 months, purchasing a net total of €133m worth of shares.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to €9.69, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €10.07 per share.
Board Change • Nov 30Less than half of directors are independentFollowing 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. 11 non-independent directors. Non-Executive Director Lorenzo Pozza was the last 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.
