OVS（0OV1）株式概要OVS S.p.A.はイタリア国内外でファッション小売業を展開している。 詳細0OV1 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長3/6過去の実績1/6財務の健全性4/6配当金3/6報酬収益は年間22.23%増加すると予測されています 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0OV1 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€5.2150.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-140m2b2016201920222025202620282031Revenue €2.1bEarnings €59.6mAdvancedSet Fair ValueView all narrativesOVS S.p.A. 競合他社Hugo BossSymbol: XTRA:BOSSMarket cap: €2.5bBijou Brigitte modische AccessoiresSymbol: XTRA:BIJMarket cap: €397.1madidasSymbol: XTRA:ADSMarket cap: €26.0bEinhell GermanySymbol: XTRA:EINMarket cap: €844.7m価格と性能株価の高値、安値、推移の概要OVS過去の株価現在の株価€5.2152週高値€5.4352週安値€3.42ベータ0.961ヶ月の変化0.97%3ヶ月変化5.79%1年変化47.53%3年間の変化103.64%5年間の変化210.93%IPOからの変化15.92%最新ニュースBoard Change • 21hLess than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. 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 • Apr 21OVS S.p.A., Annual General Meeting, May 29, 2026OVS S.p.A., Annual General Meeting, May 29, 2026, at 11:00 W. Europe Standard Time. Location: via terraglio n 17, venezia mestre Italyお知らせ • Apr 18OVS S.p.A. announces Annual dividend, payable on June 24, 2026OVS S.p.A. announced Annual dividend of EUR 0.1400 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 25+ 3 more updatesOVS S.p.A. to Report Q3, 2027 Results on Dec 15, 2026OVS S.p.A. announced that they will report Q3, 2027 results on Dec 15, 2026お知らせ • Jul 04OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L.OVS S.p.A. (BIT:OVS) entered into an agreement to acquire remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on June 17, 2025. Upon completion, OVS S.p.A. will own 100% stake in Goldenpoint S.p.a. Luca Saraceni of Osborne Clarke italy acted as legal advisor for Gilfin S.R.L. Studio Legale Cappelli RCCD acted as legal advisor for OVS S.p.A. OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on July 3, 2025. For accounting purposes, the acquisition is effective as of July 1, 2025.最新情報をもっと見るRecent updatesBoard Change • 21hLess than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. 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 • Apr 21OVS S.p.A., Annual General Meeting, May 29, 2026OVS S.p.A., Annual General Meeting, May 29, 2026, at 11:00 W. Europe Standard Time. Location: via terraglio n 17, venezia mestre Italyお知らせ • Apr 18OVS S.p.A. announces Annual dividend, payable on June 24, 2026OVS S.p.A. announced Annual dividend of EUR 0.1400 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 25+ 3 more updatesOVS S.p.A. to Report Q3, 2027 Results on Dec 15, 2026OVS S.p.A. announced that they will report Q3, 2027 results on Dec 15, 2026お知らせ • Jul 04OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L.OVS S.p.A. (BIT:OVS) entered into an agreement to acquire remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on June 17, 2025. Upon completion, OVS S.p.A. will own 100% stake in Goldenpoint S.p.a. Luca Saraceni of Osborne Clarke italy acted as legal advisor for Gilfin S.R.L. Studio Legale Cappelli RCCD acted as legal advisor for OVS S.p.A. OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on July 3, 2025. For accounting purposes, the acquisition is effective as of July 1, 2025.お知らせ • Jun 17OVS S.p.A. (BIT:OVS) commences an Equity Buyback Plan for 16,249,886 shares, representing 6.59% of its issued share capital, under the authorization approved on May 30, 2025.OVS S.p.A. (BIT:OVS) commences a share repurchases on June 9, 2025, under the program mandated by the shareholders in the Ordinary Shareholders' Meeting held on May 30, 2025. As per the mandate, the company is authorized to repurchase up to 16,249,886 shares, representing 6.59% of its share capital. The shares will be repurchased such that the total number of ordinary shares in the portfolio as a result of the purchases does not exceed 10% of the company's share capital from time to time. The purchase price cannot be either more or less than 10% of the reference price recorded by OVS shares on the day before the one in which the purchase operation will be carried out. The purpose of buyback program is to carry out, directly or through intermediaries, any investment transactions, also to contain anomalous movements in share prices, to stabilize trading and price performance, and to support the share’s liquidity on the market, for subsequent use, to service remuneration and incentive plans based on financial instruments reserved for the directors and employees. The authorization is valid till November 30, 2026. As of April 15, 2025, the company held 255,032,123 issued shares, including 8,412,114 treasury shares. On June 6, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 6,000,000 shares for €20 million.お知らせ • Apr 19OVS S.p.A. announces Annual dividend, payable on June 25, 2025OVS S.p.A. announced Annual dividend of EUR 0.1100 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.お知らせ • Mar 19+ 3 more updatesOVS S.p.A. to Report Q4, 2025 Results on Apr 15, 2025OVS S.p.A. announced that they will report Q4, 2025 results on Apr 15, 2025Reported Earnings • Sep 25First half 2025 earnings releasedFirst half 2025 results: Revenue: €762.1m (down 1.1% from 1H 2024). Net income: €21.7m (down 2.5% from 1H 2024). Profit margin: 2.8% (down from 2.9% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe.New Risk • Sep 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jul 17OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa.OVS S.p.A. (BIT:OVS) signed a letter of intent to acquire an unknown minority stake in Goldenpoint Spa on February 6, 2024. OVS S.p.A. (BIT:OVS) entered into agreement to acquire an unknown minority stake in Goldenpoint Spa on April 2, 2024. Goldenpoint has a turnover of almost €100 million. The key terms of the letter of intent envisage a possible initial investment by OVS in Goldenpoint through the simultaneous acquisition of a minority stake and the subscription of a financial instrument that, in the medium term, could be converted at OVS’s discretion into a controlling stake. The remaining share capital may be subject to put&call options in favour of the parties, exercisable within time windows to be determined. The finalization of the agreement remains subject to the positive completion of the due diligence activities and the other typical conditions for this type of transaction. Roberto Cappelli, Raffaella Ceglia, Raffaela Tortora and Gabriele Montanaro of Studio Legale Cappelli RCCD acted as legal advisor to OVS S.p.A. on the transaction. Luca Saraceni, Cecilia Frangini and Alessandra Mioni acted as legal advisor to Goldenpoint Spa. OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa on July 16, 2024.Upcoming Dividend • Jun 17Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.7%).Reported Earnings • Apr 19Full year 2024 earnings releasedFull year 2024 results: Revenue: €1.54b (down 3.5% from FY 2023). Net income: €52.4m (up 34% from FY 2023). Profit margin: 3.4% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.Upcoming Dividend • Feb 12Upcoming dividend of €0.03 per share at 2.7% yieldEligible shareholders must have bought the stock before 19 February 2024. Payment date: 21 February 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.8%).お知らせ • Feb 02+ 3 more updatesOVS S.p.A. to Report First Half, 2025 Results on Sep 19, 2024OVS S.p.A. announced that they will report first half, 2025 results on Sep 19, 2024お知らせ • Dec 25OVS S.p.A., Annual General Meeting, Jan 24, 2024OVS S.p.A., Annual General Meeting, Jan 24, 2024, at 14:30 Central European Standard Time.Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.55 per share.New Risk • Sep 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin).Reported Earnings • Sep 23First half 2024 earnings releasedFirst half 2024 results: Revenue: €734.9m (flat on 1H 2023). Net income: €33.7m (up 43% from 1H 2023). Profit margin: 4.6% (up from 3.2% in 1H 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany.Upcoming Dividend • Jun 12Upcoming dividend of €0.06 per share at 2.3% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.9%).Reported Earnings • Apr 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.51b (up 6.7% from FY 2022). Net income: €39.6m (down 18% from FY 2022). Profit margin: 2.6% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Germany.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €2.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Luxury industry in Germany. Total returns to shareholders of 56% over the past three years.お知らせ • Feb 06+ 3 more updatesOVS S.p.A. to Report Q4, 2023 Results on Apr 19, 2023OVS S.p.A. announced that they will report Q4, 2023 results on Apr 19, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 22First half 2023 earnings released: EPS: €0 (vs €0.074 in 1H 2022)First half 2023 results: EPS: €0. Revenue: €705.8m (up 14% from 1H 2022). Net income: €31.9m (up 88% from 1H 2022). Profit margin: 4.5% (up from 2.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Luxury industry in Germany.お知らせ • Jul 29OVS S.p.A. (BIT:OVS) acquired BVM SPA.OVS S.p.A. (BIT:OVS) acquired BVM SPA on July 27, 2022. OVS S.p.A. (BIT:OVS) completed the acquisition of BVM SPA on July 27, 2022.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €1.62, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Luxury industry in Germany. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.92 per share.Upcoming Dividend • Jun 13Upcoming dividend of €0.04 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.7%).Reported Earnings • Apr 27Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 13% growth forecast for the industry in Germany.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 23Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.3%, compared to a 13% growth forecast for the industry in Germany.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €1.74, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.68 per share.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €2.21, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Luxury industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.56 per share.お知らせ • Feb 05+ 4 more updatesOVS S.p.A. to Report First Half, 2023 Results on Sep 20, 2022OVS S.p.A. announced that they will report first half, 2023 results on Sep 20, 2022Reported Earnings • Sep 24First half 2022 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: €599.2m (up 55% from 1H 2021). Net income: €17.0m (up €92.9m from 1H 2021). Profit margin: 2.8% (up from net loss in 1H 2021).Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 19% share price gain to €1.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Luxury industry in Europe. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.41 per share.Reported Earnings • Jun 20Full year 2021 earnings released: EPS €0.15 (vs €0.62 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.06b (down 26% from FY 2020). Net income: €35.0m (up €175.4m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • Apr 18OVS S.p.A. Provides Earnings Guidance for the Fiscal Year 2021OVS S.p.A. provided earnings guidance for the fiscal year 2021. For the year, The company expects that the sales will be lower compared to 2019 and higher compared to 2020. The company expects first quarter with the top line better than last year. Second quarter, reasonably with the top line much better than last year. Third quarter may be in line. And the fourth quarter, hopefully, much better than last year because, hopefully, not impacted by lockdown again because by the second part of the year.Reported Earnings • Apr 17Full year 2021 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.02b (down 29% from FY 2020). Net income: €35.1m (up €175.5m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020).Is New 90 Day High Low • Mar 11New 90-day high: €1.27The company is up 25% from its price of €1.02 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.45 per share.お知らせ • Feb 16OVS S.p.A., Annual General Meeting, May 28, 2021OVS S.p.A., Annual General Meeting, May 28, 2021.Is New 90 Day High Low • Jan 09New 90-day high: €1.15The company is up 16% from its price of €0.99 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.49 per share.お知らせ • Dec 17OVS S.p.A. announced that it expects to receive €80 million in fundingOVS S.p.A. (BIT:OVS) announced a private placement of €80 million in a round of funding on December 15, 2020. The transaction has been approved by The Extraordinary Shareholders' Meeting. The company will issue common shares in the transaction. The transaction is expected to be closed by July 31, 2021.Is New 90 Day High Low • Dec 05New 90-day high: €1.08The company is up 34% from its price of €0.81 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share.Is New 90 Day High Low • Nov 19New 90-day high: €1.04The company is up 19% from its price of €0.87 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.50 per share.Is New 90 Day High Low • Oct 30New 90-day low: €0.77The company is down 15% from its price of €0.91 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share.Is New 90 Day High Low • Oct 12New 90-day high: €1.02The company is up 6.0% from its price of €0.96 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share.Reported Earnings • Sep 25First half earnings releasedOver the last 12 months the company has reported total losses of €186.9m, with earnings decreasing by €211.6m from the prior year. Total revenue was €1.10b over the last 12 months, down 23% from the prior year.株主還元0OV1DE LuxuryDE 市場7D0%3.0%2.0%1Y47.5%-27.3%-0.1%株主還元を見る業界別リターン: 0OV1過去 1 年間で-27.3 % の収益を上げたGerman Luxury業界を上回りました。リターン対市場: 0OV1過去 1 年間で-0.1 % の収益を上げたGerman市場を上回りました。価格変動Is 0OV1's price volatile compared to industry and market?0OV1 volatility0OV1 Average Weekly Movement4.4%Luxury Industry Average Movement4.9%Market Average Movement6.2%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%安定した株価: 0OV1 、 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: 0OV1の 週次ボラティリティ ( 4% ) 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19727,153Stefano Beraldowww.ovscorporate.itOVS S.p.A.はイタリア国内外でファッション小売業を展開している。OVS事業、UPIM事業、その他事業を展開している。同社の商品には、メンズ、レディス、キッズウェア、テーブルウェア、キッチンウェア、下着、アクセサリー、家具、香水、ホームウェア、ビューティーケア製品、靴、玩具などがある。OVS、OVS KIDS、Upim、Blukids、CROFFのブランドで製品を提供している。1972年に設立され、本社はイタリアのメストレにある。もっと見るOVS S.p.A. 基礎のまとめOVS の収益と売上を時価総額と比較するとどうか。0OV1 基礎統計学時価総額€1.29b収益（TTM）€49.20m売上高(TTM)€1.75b26.2xPER（株価収益率0.7xP/Sレシオ0OV1 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0OV1 損益計算書（TTM）収益€1.75b売上原価€711.70m売上総利益€1.03bその他の費用€985.10m収益€49.20m直近の収益報告Jan 31, 2026次回決算日Jun 17, 2026一株当たり利益（EPS）0.20グロス・マージン59.24%純利益率2.82%有利子負債／自己資本比率17.5%0OV1 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2.7%現在の配当利回り58%配当性向0OV1 配当は確実ですか？0OV1 配当履歴とベンチマークを見る0OV1 、いつまでに購入すれば配当金を受け取れますか？OVS 配当日配当落ち日Jun 22 2026配当支払日Jun 24 2026配当落ちまでの日数31 days配当支払日までの日数33 days0OV1 配当は確実ですか？0OV1 配当履歴とベンチマークを見る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2026/05/20 20:30終値2026/05/20 00:00収益2026/01/31年間収益2026/01/31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OVS S.p.A. 5 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。10 アナリスト機関Carmen NovelBanca Akros S.p.A. (ESN)Giuseppe MarsellaBNP ParibasPaul Henri SteegersBofA Global Research7 その他のアナリストを表示
Board Change • 21hLess than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. 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 • Apr 21OVS S.p.A., Annual General Meeting, May 29, 2026OVS S.p.A., Annual General Meeting, May 29, 2026, at 11:00 W. Europe Standard Time. Location: via terraglio n 17, venezia mestre Italy
お知らせ • Apr 18OVS S.p.A. announces Annual dividend, payable on June 24, 2026OVS S.p.A. announced Annual dividend of EUR 0.1400 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 25+ 3 more updatesOVS S.p.A. to Report Q3, 2027 Results on Dec 15, 2026OVS S.p.A. announced that they will report Q3, 2027 results on Dec 15, 2026
お知らせ • Jul 04OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L.OVS S.p.A. (BIT:OVS) entered into an agreement to acquire remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on June 17, 2025. Upon completion, OVS S.p.A. will own 100% stake in Goldenpoint S.p.a. Luca Saraceni of Osborne Clarke italy acted as legal advisor for Gilfin S.R.L. Studio Legale Cappelli RCCD acted as legal advisor for OVS S.p.A. OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on July 3, 2025. For accounting purposes, the acquisition is effective as of July 1, 2025.
Board Change • 21hLess than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. 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 • Apr 21OVS S.p.A., Annual General Meeting, May 29, 2026OVS S.p.A., Annual General Meeting, May 29, 2026, at 11:00 W. Europe Standard Time. Location: via terraglio n 17, venezia mestre Italy
お知らせ • Apr 18OVS S.p.A. announces Annual dividend, payable on June 24, 2026OVS S.p.A. announced Annual dividend of EUR 0.1400 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Flavia Sampietro was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 25+ 3 more updatesOVS S.p.A. to Report Q3, 2027 Results on Dec 15, 2026OVS S.p.A. announced that they will report Q3, 2027 results on Dec 15, 2026
お知らせ • Jul 04OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L.OVS S.p.A. (BIT:OVS) entered into an agreement to acquire remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on June 17, 2025. Upon completion, OVS S.p.A. will own 100% stake in Goldenpoint S.p.a. Luca Saraceni of Osborne Clarke italy acted as legal advisor for Gilfin S.R.L. Studio Legale Cappelli RCCD acted as legal advisor for OVS S.p.A. OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on July 3, 2025. For accounting purposes, the acquisition is effective as of July 1, 2025.
お知らせ • Jun 17OVS S.p.A. (BIT:OVS) commences an Equity Buyback Plan for 16,249,886 shares, representing 6.59% of its issued share capital, under the authorization approved on May 30, 2025.OVS S.p.A. (BIT:OVS) commences a share repurchases on June 9, 2025, under the program mandated by the shareholders in the Ordinary Shareholders' Meeting held on May 30, 2025. As per the mandate, the company is authorized to repurchase up to 16,249,886 shares, representing 6.59% of its share capital. The shares will be repurchased such that the total number of ordinary shares in the portfolio as a result of the purchases does not exceed 10% of the company's share capital from time to time. The purchase price cannot be either more or less than 10% of the reference price recorded by OVS shares on the day before the one in which the purchase operation will be carried out. The purpose of buyback program is to carry out, directly or through intermediaries, any investment transactions, also to contain anomalous movements in share prices, to stabilize trading and price performance, and to support the share’s liquidity on the market, for subsequent use, to service remuneration and incentive plans based on financial instruments reserved for the directors and employees. The authorization is valid till November 30, 2026. As of April 15, 2025, the company held 255,032,123 issued shares, including 8,412,114 treasury shares. On June 6, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 6,000,000 shares for €20 million.
お知らせ • Apr 19OVS S.p.A. announces Annual dividend, payable on June 25, 2025OVS S.p.A. announced Annual dividend of EUR 0.1100 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
お知らせ • Mar 19+ 3 more updatesOVS S.p.A. to Report Q4, 2025 Results on Apr 15, 2025OVS S.p.A. announced that they will report Q4, 2025 results on Apr 15, 2025
Reported Earnings • Sep 25First half 2025 earnings releasedFirst half 2025 results: Revenue: €762.1m (down 1.1% from 1H 2024). Net income: €21.7m (down 2.5% from 1H 2024). Profit margin: 2.8% (down from 2.9% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Europe.
New Risk • Sep 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jul 17OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa.OVS S.p.A. (BIT:OVS) signed a letter of intent to acquire an unknown minority stake in Goldenpoint Spa on February 6, 2024. OVS S.p.A. (BIT:OVS) entered into agreement to acquire an unknown minority stake in Goldenpoint Spa on April 2, 2024. Goldenpoint has a turnover of almost €100 million. The key terms of the letter of intent envisage a possible initial investment by OVS in Goldenpoint through the simultaneous acquisition of a minority stake and the subscription of a financial instrument that, in the medium term, could be converted at OVS’s discretion into a controlling stake. The remaining share capital may be subject to put&call options in favour of the parties, exercisable within time windows to be determined. The finalization of the agreement remains subject to the positive completion of the due diligence activities and the other typical conditions for this type of transaction. Roberto Cappelli, Raffaella Ceglia, Raffaela Tortora and Gabriele Montanaro of Studio Legale Cappelli RCCD acted as legal advisor to OVS S.p.A. on the transaction. Luca Saraceni, Cecilia Frangini and Alessandra Mioni acted as legal advisor to Goldenpoint Spa. OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa on July 16, 2024.
Upcoming Dividend • Jun 17Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.7%).
Reported Earnings • Apr 19Full year 2024 earnings releasedFull year 2024 results: Revenue: €1.54b (down 3.5% from FY 2023). Net income: €52.4m (up 34% from FY 2023). Profit margin: 3.4% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.
Upcoming Dividend • Feb 12Upcoming dividend of €0.03 per share at 2.7% yieldEligible shareholders must have bought the stock before 19 February 2024. Payment date: 21 February 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.8%).
お知らせ • Feb 02+ 3 more updatesOVS S.p.A. to Report First Half, 2025 Results on Sep 19, 2024OVS S.p.A. announced that they will report first half, 2025 results on Sep 19, 2024
お知らせ • Dec 25OVS S.p.A., Annual General Meeting, Jan 24, 2024OVS S.p.A., Annual General Meeting, Jan 24, 2024, at 14:30 Central European Standard Time.
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.55 per share.
New Risk • Sep 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin).
Reported Earnings • Sep 23First half 2024 earnings releasedFirst half 2024 results: Revenue: €734.9m (flat on 1H 2023). Net income: €33.7m (up 43% from 1H 2023). Profit margin: 4.6% (up from 3.2% in 1H 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany.
Upcoming Dividend • Jun 12Upcoming dividend of €0.06 per share at 2.3% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.9%).
Reported Earnings • Apr 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.51b (up 6.7% from FY 2022). Net income: €39.6m (down 18% from FY 2022). Profit margin: 2.6% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Germany.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €2.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Luxury industry in Germany. Total returns to shareholders of 56% over the past three years.
お知らせ • Feb 06+ 3 more updatesOVS S.p.A. to Report Q4, 2023 Results on Apr 19, 2023OVS S.p.A. announced that they will report Q4, 2023 results on Apr 19, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 22First half 2023 earnings released: EPS: €0 (vs €0.074 in 1H 2022)First half 2023 results: EPS: €0. Revenue: €705.8m (up 14% from 1H 2022). Net income: €31.9m (up 88% from 1H 2022). Profit margin: 4.5% (up from 2.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Luxury industry in Germany.
お知らせ • Jul 29OVS S.p.A. (BIT:OVS) acquired BVM SPA.OVS S.p.A. (BIT:OVS) acquired BVM SPA on July 27, 2022. OVS S.p.A. (BIT:OVS) completed the acquisition of BVM SPA on July 27, 2022.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €1.62, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Luxury industry in Germany. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.92 per share.
Upcoming Dividend • Jun 13Upcoming dividend of €0.04 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.7%).
Reported Earnings • Apr 27Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 13% growth forecast for the industry in Germany.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 23Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.3%, compared to a 13% growth forecast for the industry in Germany.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €1.74, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.68 per share.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €2.21, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Luxury industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.56 per share.
お知らせ • Feb 05+ 4 more updatesOVS S.p.A. to Report First Half, 2023 Results on Sep 20, 2022OVS S.p.A. announced that they will report first half, 2023 results on Sep 20, 2022
Reported Earnings • Sep 24First half 2022 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: €599.2m (up 55% from 1H 2021). Net income: €17.0m (up €92.9m from 1H 2021). Profit margin: 2.8% (up from net loss in 1H 2021).
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 19% share price gain to €1.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Luxury industry in Europe. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.41 per share.
Reported Earnings • Jun 20Full year 2021 earnings released: EPS €0.15 (vs €0.62 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.06b (down 26% from FY 2020). Net income: €35.0m (up €175.4m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 18OVS S.p.A. Provides Earnings Guidance for the Fiscal Year 2021OVS S.p.A. provided earnings guidance for the fiscal year 2021. For the year, The company expects that the sales will be lower compared to 2019 and higher compared to 2020. The company expects first quarter with the top line better than last year. Second quarter, reasonably with the top line much better than last year. Third quarter may be in line. And the fourth quarter, hopefully, much better than last year because, hopefully, not impacted by lockdown again because by the second part of the year.
Reported Earnings • Apr 17Full year 2021 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.02b (down 29% from FY 2020). Net income: €35.1m (up €175.5m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020).
Is New 90 Day High Low • Mar 11New 90-day high: €1.27The company is up 25% from its price of €1.02 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.45 per share.
お知らせ • Feb 16OVS S.p.A., Annual General Meeting, May 28, 2021OVS S.p.A., Annual General Meeting, May 28, 2021.
Is New 90 Day High Low • Jan 09New 90-day high: €1.15The company is up 16% from its price of €0.99 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.49 per share.
お知らせ • Dec 17OVS S.p.A. announced that it expects to receive €80 million in fundingOVS S.p.A. (BIT:OVS) announced a private placement of €80 million in a round of funding on December 15, 2020. The transaction has been approved by The Extraordinary Shareholders' Meeting. The company will issue common shares in the transaction. The transaction is expected to be closed by July 31, 2021.
Is New 90 Day High Low • Dec 05New 90-day high: €1.08The company is up 34% from its price of €0.81 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share.
Is New 90 Day High Low • Nov 19New 90-day high: €1.04The company is up 19% from its price of €0.87 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.50 per share.
Is New 90 Day High Low • Oct 30New 90-day low: €0.77The company is down 15% from its price of €0.91 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share.
Is New 90 Day High Low • Oct 12New 90-day high: €1.02The company is up 6.0% from its price of €0.96 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share.
Reported Earnings • Sep 25First half earnings releasedOver the last 12 months the company has reported total losses of €186.9m, with earnings decreasing by €211.6m from the prior year. Total revenue was €1.10b over the last 12 months, down 23% from the prior year.
