View Future GrowthAltri SGPS 過去の業績過去 基準チェック /06Altri SGPSの収益は年間平均-16.3%の割合で減少していますが、 Forestry業界の収益は年間 減少しています。収益は年間8.2% 1.3%割合で 減少しています。 Altri SGPSの自己資本利益率は1.3%であり、純利益率は1%です。主要情報-16.32%収益成長率-16.32%EPS成長率Forestry 業界の成長16.09%収益成長率-1.31%株主資本利益率1.28%ネット・マージン1.02%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026お知らせ • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026お知らせ • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.すべての更新を表示Recent updatesReported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Declared Dividend • May 21Dividend reduced to €0.25Dividend of €0.25 is 17% lower than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio) nor is it covered by cash flows (dividend approximately 17x free cash flows). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. EPS is expected to grow by 157% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • May 20Altri, SGPS, S.A. announces Annual dividend, payable on May 28, 2026Altri, SGPS, S.A. announced Annual dividend of EUR 0.2500 per share payable on May 28, 2026, ex-date on May 26, 2026 and record date on May 27, 2026.お知らせ • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026お知らせ • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026お知らせ • Jul 24Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire an unknown minority stake in HeiQ AeoniQ Holding AG on July 1, 2025. The Altri investment, including a capital increase. With capital increase, Altri will acquire a majority stake in AeoniQ. The acquisition will enable the development of the world's first AeoniQ industrial unit, which will be built at Altri's fiber mill in Caima, Constância. Construction is scheduled to begin in 2026, with an initial capacity of 1,750 tons per year. The completion of the acquisition is subject to the fulfilment of closing conditions, as is standard in transactions of this nature. The companies expect the process to be completed in third quarter of 2025. Daniel Hasler of Homburger AG acted as legal advisor to Altri, SGPS, S.A. Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG on July 23, 2025. HeiQ Materials AG, Boss and MAS Holdings remain as co-investors in the company and after the completion of the acquisition, The Lycra Company also maintains exclusive distribution rights.お知らせ • May 07Altri, SGPS, S.A. announces Annual dividend, payable on May 19, 2025Altri, SGPS, S.A. announced Annual dividend of EUR 0.3000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.お知らせ • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025お知らせ • Apr 07Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025. Location: rua manuel pinto de azevedo 818, porto Portugalお知らせ • Jan 24Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U. on January 23, 2025. The completion of this acquisition is subject to the verification of a set of preconditions, a usual procedure in transactions of this nature. The company expects that this process will be concluded by the end of the first quarter of 2025.Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.Declared Dividend • May 12Dividend of €0.25 announcedShareholders will receive a dividend of €0.25. Ex-date: 21st May 2024 Payment date: 23rd May 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. EPS is expected to grow by 103% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Apr 13Altri, SGPS, S.A., Annual General Meeting, May 03, 2024Altri, SGPS, S.A., Annual General Meeting, May 03, 2024, at 11:00 Coordinated Universal Time. Location: The company's head office in Rua Manuel Pinto de Azevedo, 818, Porto Portugal Agenda: To consider Discuss and decide on the financial statements for the year 2023, including the separate and consolidated accounts and respective annexes, the Corporate Governance Report (which includes the Remuneration Report), the Integrated Management Report (which includes the Non-Financial Information Report), and other corporate information and supervisory and audit documents;to consider Decide on the proposed appropriation of the net profit for the year ended 31st of December 2023 and, additionally, on the distribution of dividends in cash;to consider Assess the management and audit of the Company in accordance with article 455 of the Portuguese Companies Code;to consider Vote for the representative of the Statutory Auditor for the current three-year term 2023-2025;to consider Deliberate on the granting of authorization to the Board of Directors for the acquisition and sale ofown bonds to the legal limit of 10%; and to consider other matters.お知らせ • Apr 10+ 2 more updatesAltri, SGPS, S.A. to Report Q3, 2024 Results on Nov 21, 2024Altri, SGPS, S.A. announced that they will report Q3, 2024 results on Nov 21, 2024Reported Earnings • Mar 25Full year 2023 earnings released: EPS: €0.21 (vs €0.74 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.74 in FY 2022). Revenue: €788.2m (down 25% from FY 2022). Net income: €42.8m (down 72% from FY 2022). Profit margin: 5.4% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Jan 20Altri, SGPS, S.A. to Report Fiscal Year 2023 Results on Mar 21, 2024Altri, SGPS, S.A. announced that they will report fiscal year 2023 results on Mar 21, 2024New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 15% 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: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: €0.001 (vs €0.23 in 3Q 2022)Third quarter 2023 results: EPS: €0.001 (down from €0.23 in 3Q 2022). Revenue: €174.4m (down 38% from 3Q 2022). Net income: €200.0k (down 100% from 3Q 2022). Profit margin: 0.1% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 05Second quarter 2023 earnings released: EPS: €0.04 (vs €0.19 in 2Q 2022)Second quarter 2023 results: EPS: €0.04 (down from €0.19 in 2Q 2022). Revenue: €191.8m (down 29% from 2Q 2022). Net income: €8.36m (down 79% from 2Q 2022). Profit margin: 4.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Oct 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (134% cash payout ratio).Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €201.9m (down 26% from 2Q 2022). Net income: €8.40m (down 79% from 2Q 2022). Profit margin: 4.2% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 27First quarter 2023 earnings released: EPS: €0.096 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.096 (down from €0.14 in 1Q 2022). Revenue: €224.7m (down 9.4% from 1Q 2022). Net income: €19.6m (down 34% from 1Q 2022). Profit margin: 8.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • May 26+ 1 more updateAltri, SGPS, S.A. to Report Q3, 2023 Results on Nov 16, 2023Altri, SGPS, S.A. announced that they will report Q3, 2023 results on Nov 16, 2023Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €4.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.84 per share.お知らせ • May 11Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A.Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.Altri, SGPS, S.A. completed the acquisition of a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.Reported Earnings • Mar 25Full year 2022 earnings released: EPS: €0.74 (vs €0.60 in FY 2021)Full year 2022 results: EPS: €0.74 (up from €0.60 in FY 2021). Revenue: €1.07b (up 36% from FY 2021). Net income: €152.1m (up 23% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 14Altri, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 23, 2023Altri, SGPS, S.A. announced that they will report fiscal year 2022 results on Mar 23, 2023Reported Earnings • Nov 26Third quarter 2022 earnings released: EPS: €0.23 (vs €0.23 in 3Q 2021)Third quarter 2022 results: EPS: €0.23. Revenue: €284.1m (up 15% from 3Q 2021). Net income: €47.7m (flat on 3Q 2021). Profit margin: 17% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €5.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.85 per share.Reported Earnings • Jul 30Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €272.4m (up 32% from 2Q 2021). Net income: €39.8m (up 26% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 1.8% compared to a 5.7% growth forecast for the industry in Germany.Buying Opportunity • Jul 30Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 2.6%. The fair value is estimated to be €8.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to decline by 8.6% per annum. Earnings is also forecast to decline by 16% per annum over the same time period.Reported Earnings • May 28First quarter 2022 earnings released: EPS: €0.10 (vs €0.064 in 1Q 2021)First quarter 2022 results: EPS: €0.10 (up from €0.064 in 1Q 2021). Revenue: €249.2m (up 40% from 1Q 2021). Net income: €21.1m (up 60% from 1Q 2021). Profit margin: 8.5% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.5%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €5.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.10 per share.Upcoming Dividend • May 10Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.3%).Board Change • Apr 29High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 13Full year 2021 earnings released: EPS: €0.60 (vs €0.12 in FY 2020)Full year 2021 results: EPS: €0.60 (up from €0.12 in FY 2020). Revenue: €785.2m (up 38% from FY 2020). Net income: €123.7m (up 401% from FY 2020). Profit margin: 16% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 4.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.02 per share.Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS €0.23 (vs €0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €248.4m (up 77% from 3Q 2020). Net income: €48.1m (up 219% from 3Q 2020). Profit margin: 19% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 04Second quarter 2021 earnings released: EPS €0.15 (vs €0.012 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €205.9m (up 28% from 2Q 2020). Net income: €31.7m (up €29.2m from 2Q 2020). Profit margin: 15% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 04First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 23First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • May 11Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 18 May 2021. Payment date: 20 May 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to €6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Forestry industry in Europe. Total returns to shareholders of 99% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.23 per share.Is New 90 Day High Low • Feb 10New 90-day high: €5.48The company is up 44% from its price of €3.80 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.69 per share.Is New 90 Day High Low • Jan 08New 90-day high: €5.46The company is up 42% from its price of €3.85 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.Is New 90 Day High Low • Dec 01New 90-day high: €4.55The company is up 5.0% from its price of €4.31 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.42 per share.Analyst Estimate Surprise Post Earnings • Nov 28Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 1.5% decline forecast for the Forestry industry in Germany.Reported Earnings • Nov 28Third quarter 2020 earnings released: EPS €0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €140.1m (down 18% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS €0.073The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €141.5m (down 17% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.Analyst Estimate Surprise Post Earnings • Nov 22Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 7.3% compared to a 1.6% decline forecast for the Forestry industry in Germany.Valuation Update With 7 Day Price Move • Nov 16Market bids up stock over the past weekAfter last week's 17% share price gain to €4.02, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past year is a loss of 28%.Is New 90 Day High Low • Oct 16New 90-day low: €3.68The company is down 15% from its price of €4.31 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry 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 €2.97 per share.お知らせ • Oct 04Altri, SGPS, S.A. to Report Q3, 2020 Results on Nov 19, 2020Altri, SGPS, S.A. announced that they will report Q3, 2020 results on Nov 19, 2020Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €42.2m, down 78% from the prior year. Total revenue was €656.2m over the last 12 months, down 19% from the prior year.お知らせ • Jun 20Altri, S.G.P.S., S.A. to Report First Half, 2020 Results on Sep 10, 2020Altri, S.G.P.S., S.A. announced that they will report first half, 2020 results on Sep 10, 2020収支内訳Altri SGPS の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:ACJ 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Mar 26633655031 Dec 256762155030 Sep 256923060030 Jun 257345959031 Mar 258069359031 Dec 2483810758030 Sep 2484210453030 Jun 248047753031 Mar 247574552031 Dec 237524351030 Sep 238296355030 Jun 2394111153031 Mar 231,02014254031 Dec 221,05215352030 Sep 221,00315150030 Jun 2294014949031 Mar 2286414146031 Dec 2178512445030 Sep 216839141030 Jun 216076041031 Mar 215723041031 Dec 205682541030 Sep 206263444030 Jun 206574243031 Mar 206947142031 Dec 1973610143030 Sep 1977416553030 Jun 1980618952031 Mar 1981119951031 Dec 1877819450030 Sep 1874914847030 Jun 1871012847031 Mar 1867111247031 Dec 176569646030 Sep 176418845030 Jun 176247845031 Mar 176016945031 Dec 166037745030 Sep 166169046030 Jun 1664910846031 Mar 1666512146031 Dec 1565711846030 Sep 156319944030 Jun 1559275420質の高い収益: ACJには€8.8M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: ACJの現在の純利益率 (1%)は、昨年(11.6%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ACJの収益は過去 5 年間で年間16.3%減少しました。成長の加速: ACJは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: ACJは過去 1 年間で収益成長率がマイナス ( -93.1% ) となったため、 Forestry業界平均 ( -24% ) と比較することが困難です。株主資本利益率高いROE: ACJの 自己資本利益率 ( 1.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health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2026/05/23 08:30終値2026/05/22 00:00収益2026/03/31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Altri, SGPS, S.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。7 アナリスト機関Manuel Lorente OrtegaBanco Santandernull nullBanco SantanderBruno BessaCaixa Banco BPI4 その他のアナリストを表示
Reported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026
お知らせ • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026
お知らせ • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025
Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Declared Dividend • May 21Dividend reduced to €0.25Dividend of €0.25 is 17% lower than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio) nor is it covered by cash flows (dividend approximately 17x free cash flows). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. EPS is expected to grow by 157% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • May 20Altri, SGPS, S.A. announces Annual dividend, payable on May 28, 2026Altri, SGPS, S.A. announced Annual dividend of EUR 0.2500 per share payable on May 28, 2026, ex-date on May 26, 2026 and record date on May 27, 2026.
お知らせ • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026
お知らせ • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026
お知らせ • Jul 24Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire an unknown minority stake in HeiQ AeoniQ Holding AG on July 1, 2025. The Altri investment, including a capital increase. With capital increase, Altri will acquire a majority stake in AeoniQ. The acquisition will enable the development of the world's first AeoniQ industrial unit, which will be built at Altri's fiber mill in Caima, Constância. Construction is scheduled to begin in 2026, with an initial capacity of 1,750 tons per year. The completion of the acquisition is subject to the fulfilment of closing conditions, as is standard in transactions of this nature. The companies expect the process to be completed in third quarter of 2025. Daniel Hasler of Homburger AG acted as legal advisor to Altri, SGPS, S.A. Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG on July 23, 2025. HeiQ Materials AG, Boss and MAS Holdings remain as co-investors in the company and after the completion of the acquisition, The Lycra Company also maintains exclusive distribution rights.
お知らせ • May 07Altri, SGPS, S.A. announces Annual dividend, payable on May 19, 2025Altri, SGPS, S.A. announced Annual dividend of EUR 0.3000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.
お知らせ • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025
お知らせ • Apr 07Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025. Location: rua manuel pinto de azevedo 818, porto Portugal
お知らせ • Jan 24Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U. on January 23, 2025. The completion of this acquisition is subject to the verification of a set of preconditions, a usual procedure in transactions of this nature. The company expects that this process will be concluded by the end of the first quarter of 2025.
Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Declared Dividend • May 12Dividend of €0.25 announcedShareholders will receive a dividend of €0.25. Ex-date: 21st May 2024 Payment date: 23rd May 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. EPS is expected to grow by 103% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Apr 13Altri, SGPS, S.A., Annual General Meeting, May 03, 2024Altri, SGPS, S.A., Annual General Meeting, May 03, 2024, at 11:00 Coordinated Universal Time. Location: The company's head office in Rua Manuel Pinto de Azevedo, 818, Porto Portugal Agenda: To consider Discuss and decide on the financial statements for the year 2023, including the separate and consolidated accounts and respective annexes, the Corporate Governance Report (which includes the Remuneration Report), the Integrated Management Report (which includes the Non-Financial Information Report), and other corporate information and supervisory and audit documents;to consider Decide on the proposed appropriation of the net profit for the year ended 31st of December 2023 and, additionally, on the distribution of dividends in cash;to consider Assess the management and audit of the Company in accordance with article 455 of the Portuguese Companies Code;to consider Vote for the representative of the Statutory Auditor for the current three-year term 2023-2025;to consider Deliberate on the granting of authorization to the Board of Directors for the acquisition and sale ofown bonds to the legal limit of 10%; and to consider other matters.
お知らせ • Apr 10+ 2 more updatesAltri, SGPS, S.A. to Report Q3, 2024 Results on Nov 21, 2024Altri, SGPS, S.A. announced that they will report Q3, 2024 results on Nov 21, 2024
Reported Earnings • Mar 25Full year 2023 earnings released: EPS: €0.21 (vs €0.74 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.74 in FY 2022). Revenue: €788.2m (down 25% from FY 2022). Net income: €42.8m (down 72% from FY 2022). Profit margin: 5.4% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Jan 20Altri, SGPS, S.A. to Report Fiscal Year 2023 Results on Mar 21, 2024Altri, SGPS, S.A. announced that they will report fiscal year 2023 results on Mar 21, 2024
New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 15% 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: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: €0.001 (vs €0.23 in 3Q 2022)Third quarter 2023 results: EPS: €0.001 (down from €0.23 in 3Q 2022). Revenue: €174.4m (down 38% from 3Q 2022). Net income: €200.0k (down 100% from 3Q 2022). Profit margin: 0.1% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 05Second quarter 2023 earnings released: EPS: €0.04 (vs €0.19 in 2Q 2022)Second quarter 2023 results: EPS: €0.04 (down from €0.19 in 2Q 2022). Revenue: €191.8m (down 29% from 2Q 2022). Net income: €8.36m (down 79% from 2Q 2022). Profit margin: 4.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (134% cash payout ratio).
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €201.9m (down 26% from 2Q 2022). Net income: €8.40m (down 79% from 2Q 2022). Profit margin: 4.2% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 27First quarter 2023 earnings released: EPS: €0.096 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.096 (down from €0.14 in 1Q 2022). Revenue: €224.7m (down 9.4% from 1Q 2022). Net income: €19.6m (down 34% from 1Q 2022). Profit margin: 8.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • May 26+ 1 more updateAltri, SGPS, S.A. to Report Q3, 2023 Results on Nov 16, 2023Altri, SGPS, S.A. announced that they will report Q3, 2023 results on Nov 16, 2023
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €4.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.84 per share.
お知らせ • May 11Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A.Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.Altri, SGPS, S.A. completed the acquisition of a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.
Reported Earnings • Mar 25Full year 2022 earnings released: EPS: €0.74 (vs €0.60 in FY 2021)Full year 2022 results: EPS: €0.74 (up from €0.60 in FY 2021). Revenue: €1.07b (up 36% from FY 2021). Net income: €152.1m (up 23% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 14Altri, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 23, 2023Altri, SGPS, S.A. announced that they will report fiscal year 2022 results on Mar 23, 2023
Reported Earnings • Nov 26Third quarter 2022 earnings released: EPS: €0.23 (vs €0.23 in 3Q 2021)Third quarter 2022 results: EPS: €0.23. Revenue: €284.1m (up 15% from 3Q 2021). Net income: €47.7m (flat on 3Q 2021). Profit margin: 17% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €5.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.85 per share.
Reported Earnings • Jul 30Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €272.4m (up 32% from 2Q 2021). Net income: €39.8m (up 26% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 1.8% compared to a 5.7% growth forecast for the industry in Germany.
Buying Opportunity • Jul 30Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 2.6%. The fair value is estimated to be €8.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to decline by 8.6% per annum. Earnings is also forecast to decline by 16% per annum over the same time period.
Reported Earnings • May 28First quarter 2022 earnings released: EPS: €0.10 (vs €0.064 in 1Q 2021)First quarter 2022 results: EPS: €0.10 (up from €0.064 in 1Q 2021). Revenue: €249.2m (up 40% from 1Q 2021). Net income: €21.1m (up 60% from 1Q 2021). Profit margin: 8.5% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.5%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €5.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.10 per share.
Upcoming Dividend • May 10Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.3%).
Board Change • Apr 29High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 13Full year 2021 earnings released: EPS: €0.60 (vs €0.12 in FY 2020)Full year 2021 results: EPS: €0.60 (up from €0.12 in FY 2020). Revenue: €785.2m (up 38% from FY 2020). Net income: €123.7m (up 401% from FY 2020). Profit margin: 16% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 4.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.02 per share.
Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS €0.23 (vs €0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €248.4m (up 77% from 3Q 2020). Net income: €48.1m (up 219% from 3Q 2020). Profit margin: 19% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 04Second quarter 2021 earnings released: EPS €0.15 (vs €0.012 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €205.9m (up 28% from 2Q 2020). Net income: €31.7m (up €29.2m from 2Q 2020). Profit margin: 15% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 04First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 23First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 11Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 18 May 2021. Payment date: 20 May 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to €6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Forestry industry in Europe. Total returns to shareholders of 99% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.23 per share.
Is New 90 Day High Low • Feb 10New 90-day high: €5.48The company is up 44% from its price of €3.80 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.69 per share.
Is New 90 Day High Low • Jan 08New 90-day high: €5.46The company is up 42% from its price of €3.85 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.
Is New 90 Day High Low • Dec 01New 90-day high: €4.55The company is up 5.0% from its price of €4.31 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.42 per share.
Analyst Estimate Surprise Post Earnings • Nov 28Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 1.5% decline forecast for the Forestry industry in Germany.
Reported Earnings • Nov 28Third quarter 2020 earnings released: EPS €0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €140.1m (down 18% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.
Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS €0.073The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €141.5m (down 17% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.
Analyst Estimate Surprise Post Earnings • Nov 22Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 7.3% compared to a 1.6% decline forecast for the Forestry industry in Germany.
Valuation Update With 7 Day Price Move • Nov 16Market bids up stock over the past weekAfter last week's 17% share price gain to €4.02, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past year is a loss of 28%.
Is New 90 Day High Low • Oct 16New 90-day low: €3.68The company is down 15% from its price of €4.31 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry 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 €2.97 per share.
お知らせ • Oct 04Altri, SGPS, S.A. to Report Q3, 2020 Results on Nov 19, 2020Altri, SGPS, S.A. announced that they will report Q3, 2020 results on Nov 19, 2020
Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €42.2m, down 78% from the prior year. Total revenue was €656.2m over the last 12 months, down 19% from the prior year.
お知らせ • Jun 20Altri, S.G.P.S., S.A. to Report First Half, 2020 Results on Sep 10, 2020Altri, S.G.P.S., S.A. announced that they will report first half, 2020 results on Sep 10, 2020