View ValuationRacing Force 将来の成長Future 基準チェック /16Racing Force利益と収益がそれぞれ年間11%と6.1%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8.7% 11%なると予測されています。主要情報11.0%収益成長率10.98%EPS成長率Leisure 収益成長15.3%収益成長率6.1%将来の株主資本利益率8.70%アナリストカバレッジLow最終更新日11 May 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 • 7hLess 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. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.お知らせ • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026お知らせ • Apr 10Racing Force S.P.A., Annual General Meeting, Apr 29, 2025Racing Force S.P.A., Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.お知らせ • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.お知らせ • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025New Risk • Jul 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding).Upcoming Dividend • May 06Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.4%).Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe.New Risk • Apr 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 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 (8.8% net profit margin).Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €3.87, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.21 per share.New Risk • Sep 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).Reported Earnings • Sep 24First half 2023 earnings releasedFirst half 2023 results: Revenue: €37.2m (up 11% from 1H 2022). Net income: €4.88m (down 30% from 1H 2022). Profit margin: 13% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.New Risk • Sep 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.8% Last year net profit margin: 14% 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 Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).Upcoming Dividend • May 08Upcoming dividend of €0.09 per share at 1.5% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.4%).Reported Earnings • Apr 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €58.9m (up 26% from FY 2021). Net income: €7.55m (up 81% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe.お知らせ • Jan 13Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million.Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,941,748 Price\Range: €5.15 Transaction Features: Subsequent Direct Listingお知らせ • Oct 08Racing Force S.P.A. (BIT:RFG) acquired Giordani Digital Lab.Racing Force S.P.A. (BIT:RFG) acquired Giordani Digital Lab on October 07, 2022. The transaction involves the transfer of the business branch with all production machinery and equipment, in a process of upstream integration of the value chain and enhancement of Racing Force's production capacity, with the aim of achieving both productive and managerial efficiencies. Racing Force S.P.A. (BIT:RFG) completed the acquisition of Giordani Digital Lab on October 07, 2022.Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.6m (up 35% from 1H 2021). Net income: €6.94m (up 93% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe.業績と収益の成長予測DB:X7Q - 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12/31/2028897713212/31/2027846511212/31/2026786411212/31/2025735-311N/A9/30/2025705-39N/A6/30/2025675-48N/A3/31/2025675-38N/A12/31/2024666-18N/A9/30/2024646-17N/A6/30/202463507N/A3/31/2024635-34N/A12/31/2023635-51N/A9/30/2023635-61N/A6/30/2023625-61N/A3/31/2023617-42N/A12/31/2022598-13N/A9/30/202257804N/A6/30/202255824N/A3/31/202251624N/A12/31/202147424N/A9/30/202144436N/A6/30/202142457N/A3/31/202138334N/A12/31/202034112N/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: X7Qの予測収益成長率 (年間11% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: X7Qの収益 ( 11% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: X7Q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: X7Qの収益 ( 6.1% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: X7Qの収益 ( 6.1% ) 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: X7Q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 ( 8.7 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 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2026/05/20 07:24終値2026/05/20 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Racing Force S.P.A. 2 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。2 アナリスト機関Domenico GhilottiEquita SIM S.p.A.Corentin MartyTPICAP Midcap
Board Change • 7hLess 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. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
お知らせ • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026
お知らせ • Apr 10Racing Force S.P.A., Annual General Meeting, Apr 29, 2025Racing Force S.P.A., Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.
お知らせ • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
お知らせ • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025
New Risk • Jul 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding).
Upcoming Dividend • May 06Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.4%).
Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe.
New Risk • Apr 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 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 (8.8% net profit margin).
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €3.87, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.21 per share.
New Risk • Sep 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).
Reported Earnings • Sep 24First half 2023 earnings releasedFirst half 2023 results: Revenue: €37.2m (up 11% from 1H 2022). Net income: €4.88m (down 30% from 1H 2022). Profit margin: 13% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
New Risk • Sep 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.8% Last year net profit margin: 14% 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 Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).
Upcoming Dividend • May 08Upcoming dividend of €0.09 per share at 1.5% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.4%).
Reported Earnings • Apr 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €58.9m (up 26% from FY 2021). Net income: €7.55m (up 81% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe.
お知らせ • Jan 13Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million.Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,941,748 Price\Range: €5.15 Transaction Features: Subsequent Direct Listing
お知らせ • Oct 08Racing Force S.P.A. (BIT:RFG) acquired Giordani Digital Lab.Racing Force S.P.A. (BIT:RFG) acquired Giordani Digital Lab on October 07, 2022. The transaction involves the transfer of the business branch with all production machinery and equipment, in a process of upstream integration of the value chain and enhancement of Racing Force's production capacity, with the aim of achieving both productive and managerial efficiencies. Racing Force S.P.A. (BIT:RFG) completed the acquisition of Giordani Digital Lab on October 07, 2022.
Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.6m (up 35% from 1H 2021). Net income: €6.94m (up 93% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe.