View ValuationReway Group 将来の成長Future 基準チェック /26Reway Group利益と収益がそれぞれ年間11.9%と9.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17% 15.9%なると予測されています。主要情報11.9%収益成長率15.87%EPS成長率Construction 収益成長12.0%収益成長率9.8%将来の株主資本利益率16.95%アナリストカバレッジLow最終更新日30 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Acting Auditor of the Board of Statutory Auditors Stefano Montanari was the last director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 20Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million.Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million on May 18, 2026. A cash consideration of €256.24 million valued at €10.31 per share will be paid by Renaissance AIFM S.à r.l. As part of consideration, €256.24 million is paid towards common equity of Reway Group S.p.A. The transaction is subject to antitrust and golden power authorizations approval. The transaction is expected to close on September 30, 2026. Nicola Cavallo, Andrea Maestripieri, Luca Incipini, Francesco Serricchio, Raffaele Puglisi, Roberto De Bernardinis, Lorenzo Albanese, Irene Baraldi of EY Parthenon acted as due diligence provider for Renaissance AIFM S.à r.l.お知らせ • Feb 03+ 1 more updateReway Group S.p.A. to Report Fiscal Year 2025 Results on Mar 30, 2026Reway Group S.p.A. announced that they will report fiscal year 2025 results on Mar 30, 2026Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €11.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Construction industry in Europe. Total returns to shareholders of 93% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €17.20 per share.Board Change • Dec 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. 6 non-independent directors. Acting Auditor of the Board of Statutory Auditors Stefano Montanari was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 15Reway Group S.p.A., Annual General Meeting, Apr 30, 2025Reway Group S.p.A., Annual General Meeting, Apr 30, 2025, at 10:00 W. Europe Standard Time.お知らせ • Feb 02Reway Group S.p.A. to Report Fiscal Year 2024 Results on Mar 28, 2025Reway Group S.p.A. announced that they will report fiscal year 2024 results on Mar 28, 2025お知らせ • Feb 01Reway Group S.p.A. to Report First Half, 2025 Results on Sep 30, 2025Reway Group S.p.A. announced that they will report first half, 2025 results on Sep 30, 2025Reported Earnings • Oct 04First half 2024 earnings releasedFirst half 2024 results: Revenue: €93.5m (up 72% from 1H 2023). Net income: €8.48m (up 46% from 1H 2023). Profit margin: 9.1% (down from 11% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe.New Risk • Oct 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 (13% operating cash flow to total debt). Minor Risk Less than 3 years of financial data is available.Buy Or Sell Opportunity • Sep 24Now 21% undervaluedOver the last 90 days, the stock has risen 18% to €5.62. The fair value is estimated to be €7.15, 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 19% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.お知らせ • Sep 12Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million.Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million on September 10, 2024. The acquisition will increase the executive efficiency of works, improving the Group's ability to initiate backlog orders, amounting to €955 million as of September 6, 2024. Post completion of the acquisition, it is planned put-and-call option on the remaining 40%, exercisable upon approval of the target's financial statements as of December 31, 2026. Vega Engineering S.r.l. has about 25 resources including employees and collaborators and reports revenues as of December 31, 2023 of €2.7 million, EBITDA of €1.3 million (EBITDA Margin 48%) and Net Financial Debt of €1 million (cash positive). Under the terms, the Investment Agreement signed by Reway Group and the shareholders of Vega Engineering includes Reway Group's commitment to purchase 100 percent of the target in two tranches: the first, for the acquisition of 60% of the share capital of Vega Engineering (the “Sellers”), by the deadline of November 30th, 2024, for a countervalue of 3.6 million euros. Half of the 60% acquisition transaction will be carried out through the use of 1.8 million euros of equity capital (without recourse to bank loans) and, for the remaining portion, through a capital increase reserved for the Sellers, which will be specially resolved by the Company, for a countervalue of 1.8 million euros; on the newly issued shares, resulting from this capital increase, a 24-month lock-up is envisaged for the Sellers from the date of execution. The capital increase will be approved by Reway Group's shareholders' meeting by the execution deadline of November 30th, 2024, and will provide for the exclusion of pre-emptive rights. And the second tranche, relating to the acquisition of the remaining 40% of the share capital of Vega Engineering, will take place through the exercise, as of the approval of the target company's 2026 financial statements and until September 30th, 2027, of a put & call option, for a countervalue that will be determined with respect to the average EBITDA of the target company's 2024, 2025 and 2026 fiscal years. Reway Group was assisted by: Grimaldi Alliance, legal advisor, with the team consisting of partners Gianluigi Serafini and Silvia Frattesi; RSM Società di Revisione ed Organizzazione Contabile, financial advisor consisting of the team of partner Nicola Tufo and senior manager Fabiano Guarino; And Baker Tilly Italia Tax, tax and labor law advisor, consisting of the team of partner Riccardo Bolla.Buy Or Sell Opportunity • Aug 02Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €5.08. The fair value is estimated to be €6.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.New Risk • Feb 07New 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 7.2% 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 High level of non-cash earnings (34% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.2% average weekly change).Board Change • Nov 07Less 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. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 18Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million.Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million on October 16, 2023. Reway will obtain €47 million from a pool of banks while disbursing €64 million for 70 percent of Se.Gi.'s capital. For oepration purposes, there will also be an addition to the final price at closing by way of price adjustment, which corresponds to an amount equal to 100 percent of the actual net working capital as of the date of execution, estimated to be approximately €47 million. With regard to the actual CCN, the payment of what is actually due to the sellers is contingent on the collection arising from specific receivables claimed by Se.Gi. and identified by mutual agreement between the parties. The total value of the transaction, taking into account the estimated final price at closing and the price adjustment, is therefore approximately EUR111 million which will be paid, with regard to the final price at closing, for €47 million through recourse to bank financing and for €17 million through own resources, using in part the proceeds from the listing that took place in March.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.16, the stock trades at a trailing P/E ratio of 22.2x. Average forward P/E is 11x in the Construction industry in Europe.Buying Opportunity • Aug 17Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €4.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only.業績と収益の成長予測DB:IR0 - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028359343639312/31/2027336303028312/31/2026306262224312/31/202524721-26N/A9/30/20252412105N/A6/30/20252362115N/A3/31/20252282014N/A12/31/20242201803N/A9/30/202419417N/AN/AN/A6/30/2024169171318N/A3/31/202414915814N/A12/31/202313014311N/A9/30/202311912N/AN/AN/A6/30/2023109907N/A3/31/2023110849N/A12/31/20221118811N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: IR0の予測収益成長率 (年間11.9% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: IR0の収益 ( 11.9% ) German市場 ( 15.1% ) よりも低い成長が予測されています。高成長収益: IR0の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: IR0の収益 ( 9.8% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: IR0の収益 ( 9.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: IR0の 自己資本利益率 は、3年後には低くなると予測されています ( 17 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance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2026/07/29 19:08終値2026/07/29 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Reway Group S.p.A. 3 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。3 アナリスト機関Mattia PetraccaIntegrae SPACarlo MaritanoIntermonte SIM S.p.A.Marco GrecoValueTrack
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Acting Auditor of the Board of Statutory Auditors Stefano Montanari was the last director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 20Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million.Renaissance AIFM S.à r.l entered into binding agreements to acquire 83.38% stake in Reway Group S.p.A. (BIT:RWY) from Luccini S.R.L., Livio Radini, Raffaella Casillo, Patrizia Casillo and Immobiliare Radini S.R.L. for approximately €260 million on May 18, 2026. A cash consideration of €256.24 million valued at €10.31 per share will be paid by Renaissance AIFM S.à r.l. As part of consideration, €256.24 million is paid towards common equity of Reway Group S.p.A. The transaction is subject to antitrust and golden power authorizations approval. The transaction is expected to close on September 30, 2026. Nicola Cavallo, Andrea Maestripieri, Luca Incipini, Francesco Serricchio, Raffaele Puglisi, Roberto De Bernardinis, Lorenzo Albanese, Irene Baraldi of EY Parthenon acted as due diligence provider for Renaissance AIFM S.à r.l.
お知らせ • Feb 03+ 1 more updateReway Group S.p.A. to Report Fiscal Year 2025 Results on Mar 30, 2026Reway Group S.p.A. announced that they will report fiscal year 2025 results on Mar 30, 2026
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €11.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Construction industry in Europe. Total returns to shareholders of 93% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €17.20 per share.
Board Change • Dec 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. 6 non-independent directors. Acting Auditor of the Board of Statutory Auditors Stefano Montanari was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 15Reway Group S.p.A., Annual General Meeting, Apr 30, 2025Reway Group S.p.A., Annual General Meeting, Apr 30, 2025, at 10:00 W. Europe Standard Time.
お知らせ • Feb 02Reway Group S.p.A. to Report Fiscal Year 2024 Results on Mar 28, 2025Reway Group S.p.A. announced that they will report fiscal year 2024 results on Mar 28, 2025
お知らせ • Feb 01Reway Group S.p.A. to Report First Half, 2025 Results on Sep 30, 2025Reway Group S.p.A. announced that they will report first half, 2025 results on Sep 30, 2025
Reported Earnings • Oct 04First half 2024 earnings releasedFirst half 2024 results: Revenue: €93.5m (up 72% from 1H 2023). Net income: €8.48m (up 46% from 1H 2023). Profit margin: 9.1% (down from 11% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe.
New Risk • Oct 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 (13% operating cash flow to total debt). Minor Risk Less than 3 years of financial data is available.
Buy Or Sell Opportunity • Sep 24Now 21% undervaluedOver the last 90 days, the stock has risen 18% to €5.62. The fair value is estimated to be €7.15, 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 19% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
お知らせ • Sep 12Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million.Reway Group S.p.A. (BIT:RWY) has signed an agreement to acquire 60% stake in Vega Engineering S.R.L. for €3.6 million on September 10, 2024. The acquisition will increase the executive efficiency of works, improving the Group's ability to initiate backlog orders, amounting to €955 million as of September 6, 2024. Post completion of the acquisition, it is planned put-and-call option on the remaining 40%, exercisable upon approval of the target's financial statements as of December 31, 2026. Vega Engineering S.r.l. has about 25 resources including employees and collaborators and reports revenues as of December 31, 2023 of €2.7 million, EBITDA of €1.3 million (EBITDA Margin 48%) and Net Financial Debt of €1 million (cash positive). Under the terms, the Investment Agreement signed by Reway Group and the shareholders of Vega Engineering includes Reway Group's commitment to purchase 100 percent of the target in two tranches: the first, for the acquisition of 60% of the share capital of Vega Engineering (the “Sellers”), by the deadline of November 30th, 2024, for a countervalue of 3.6 million euros. Half of the 60% acquisition transaction will be carried out through the use of 1.8 million euros of equity capital (without recourse to bank loans) and, for the remaining portion, through a capital increase reserved for the Sellers, which will be specially resolved by the Company, for a countervalue of 1.8 million euros; on the newly issued shares, resulting from this capital increase, a 24-month lock-up is envisaged for the Sellers from the date of execution. The capital increase will be approved by Reway Group's shareholders' meeting by the execution deadline of November 30th, 2024, and will provide for the exclusion of pre-emptive rights. And the second tranche, relating to the acquisition of the remaining 40% of the share capital of Vega Engineering, will take place through the exercise, as of the approval of the target company's 2026 financial statements and until September 30th, 2027, of a put & call option, for a countervalue that will be determined with respect to the average EBITDA of the target company's 2024, 2025 and 2026 fiscal years. Reway Group was assisted by: Grimaldi Alliance, legal advisor, with the team consisting of partners Gianluigi Serafini and Silvia Frattesi; RSM Società di Revisione ed Organizzazione Contabile, financial advisor consisting of the team of partner Nicola Tufo and senior manager Fabiano Guarino; And Baker Tilly Italia Tax, tax and labor law advisor, consisting of the team of partner Riccardo Bolla.
Buy Or Sell Opportunity • Aug 02Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €5.08. The fair value is estimated to be €6.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
New Risk • Feb 07New 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 7.2% 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 High level of non-cash earnings (34% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.2% average weekly change).
Board Change • Nov 07Less 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. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 18Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million.Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for €64 million on October 16, 2023. Reway will obtain €47 million from a pool of banks while disbursing €64 million for 70 percent of Se.Gi.'s capital. For oepration purposes, there will also be an addition to the final price at closing by way of price adjustment, which corresponds to an amount equal to 100 percent of the actual net working capital as of the date of execution, estimated to be approximately €47 million. With regard to the actual CCN, the payment of what is actually due to the sellers is contingent on the collection arising from specific receivables claimed by Se.Gi. and identified by mutual agreement between the parties. The total value of the transaction, taking into account the estimated final price at closing and the price adjustment, is therefore approximately EUR111 million which will be paid, with regard to the final price at closing, for €47 million through recourse to bank financing and for €17 million through own resources, using in part the proceeds from the listing that took place in March.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.16, the stock trades at a trailing P/E ratio of 22.2x. Average forward P/E is 11x in the Construction industry in Europe.
Buying Opportunity • Aug 17Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €4.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only.