View ValuationZignago Vetro 将来の成長Future 基準チェック /46Zignago Vetroは、20.4%と12.5%でそれぞれ年率20.4%で利益と収益が成長すると予測される一方、EPSはgrowで17.9%年率。主要情報20.4%収益成長率17.92%EPS成長率Packaging 収益成長33.6%収益成長率12.5%将来の株主資本利益率n/a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 • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Chiara Venezia was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 29Zignago Vetro S.p.A., Annual General Meeting, May 06, 2026Zignago Vetro S.p.A., Annual General Meeting, May 06, 2026, at 11:00 W. Europe Standard Time. Location: fossalta di portogruaro via ita marzotto 8, ve Italyお知らせ • Mar 18Zignago Vetro S.p.A. announces Annual dividend, payable on May 13, 2026Zignago Vetro S.p.A. announced Annual dividend of EUR 0.2200 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.お知らせ • Mar 24Zignago Vetro S.p.A., Annual General Meeting, Apr 29, 2025Zignago Vetro S.p.A., Annual General Meeting, Apr 29, 2025, at 11:00 W. Europe Standard Time.お知らせ • Mar 18Zignago Vetro S.p.A. announces Annual dividend, payable on May 14, 2025Zignago Vetro S.p.A. announced Annual dividend of EUR 0.4500 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.Reported Earnings • Nov 16Third quarter 2024 earnings released: EPS: €0.067 (vs €0.24 in 3Q 2023)Third quarter 2024 results: EPS: €0.067 (down from €0.24 in 3Q 2023). Revenue: €109.3m (down 8.8% from 3Q 2023). Net income: €5.96m (down 72% from 3Q 2023). Profit margin: 5.5% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 12Second quarter 2024 earnings released: EPS: €0.16 (vs €0.51 in 2Q 2023)Second quarter 2024 results: EPS: €0.16 (down from €0.51 in 2Q 2023). Revenue: €121.9m (down 13% from 2Q 2023). Net income: €14.5m (down 68% from 2Q 2023). Profit margin: 12% (down from 32% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 09Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%).Reported Earnings • May 01First quarter 2024 earnings released: EPS: €0.13 (vs €0.34 in 1Q 2023)First quarter 2024 results: EPS: €0.13 (down from €0.34 in 1Q 2023). Revenue: €120.8m (down 18% from 1Q 2023). Net income: €11.8m (down 60% from 1Q 2023). Profit margin: 9.8% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 31Full year 2023 earnings released: EPS: €1.38 (vs €0.98 in FY 2022)Full year 2023 results: EPS: €1.38 (up from €0.98 in FY 2022). Revenue: €520.0m (up 11% from FY 2022). Net income: €122.4m (up 41% from FY 2022). Profit margin: 24% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 25Dividend increased to €0.75Dividend of €0.75 is 25% higher than last year. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 6.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 43% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range.New Risk • Nov 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk High level of debt (51% net debt to equity).Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: €0.24 (vs €0.15 in 3Q 2022)Third quarter 2023 results: EPS: €0.24 (up from €0.15 in 3Q 2022). Revenue: €119.8m (flat on 3Q 2022). Net income: €21.0m (up 61% from 3Q 2022). Profit margin: 18% (up from 11% in 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 28Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €19.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: €0.51 (vs €0.21 in 2Q 2022)Second quarter 2023 results: EPS: €0.51 (up from €0.21 in 2Q 2022). Revenue: €140.0m (up 25% from 2Q 2022). Net income: €45.0m (up 142% from 2Q 2022). Profit margin: 32% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Europe. 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 6% per year, which means it is significantly lagging earnings growth.New Risk • Jun 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks High level of debt (67% net debt to equity). Dividend is not well covered by cash flows (331% cash payout ratio).Upcoming Dividend • May 08Upcoming dividend of €0.60 per share at 3.4% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.2%).Reported Earnings • May 07First quarter 2023 earnings released: EPS: €0.34 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.34 (up from €0.14 in 1Q 2022). Revenue: €146.5m (up 36% from 1Q 2022). Net income: €29.7m (up 137% from 1Q 2022). Profit margin: 20% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. CEO & Executive Director Roberto Cardini was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.15 (vs €0.18 in 3Q 2021)Third quarter 2022 results: EPS: €0.15 (down from €0.18 in 3Q 2021). Revenue: €120.5m (up 32% from 3Q 2021). Net income: €13.0m (down 14% from 3Q 2021). Profit margin: 11% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.お知らせ • Oct 06Zignago Vetro S.p.A. (BIT:ZV) acquired entire share capital of Italian Glass Moulds S.r.l. for €0.1 million.Zignago Vetro S.p.A. (BIT:ZV) acquired entire share capital of Italian Glass Moulds S.r.l. for €0.1 million on October 4, 2022. The transaction was carried out through the use of own funds with Svir S.r.l. as the counterparty. It currently employs about 40 people and in 2021 reported revenues of approx. €3 million. Zignago Vetro S.p.A. (BIT:ZV) completed the acquisition of Italian Glass Moulds S.r.l. on October 4, 2022.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: €0.21 (vs €0.20 in 2Q 2021)Second quarter 2022 results: EPS: €0.21 (up from €0.20 in 2Q 2021). Revenue: €112.2m (up 28% from 2Q 2021). Net income: €18.6m (up 7.4% from 2Q 2021). Profit margin: 17% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. CEO & Executive Director Roberto Cardini was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 13First quarter 2022 earnings released: EPS: €0.14 (vs €0.13 in 1Q 2021)First quarter 2022 results: EPS: €0.14 (up from €0.13 in 1Q 2021). Revenue: €107.6m (up 32% from 1Q 2021). Net income: €12.5m (up 9.4% from 1Q 2021). Profit margin: 12% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 53%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 02Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (2.8%).Reported Earnings • Apr 03Full year 2021 earnings releasedFull year 2021 results: Revenue: €362.4m (up 18% from FY 2020). Net income: €60.0m (up 32% from FY 2020). Profit margin: 17% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 57%, compared to a 14% growth forecast for the industry in Germany.Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS €0.18 (vs €0.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €91.4m (up 13% from 3Q 2020). Net income: €15.1m (up 46% from 3Q 2020). Profit margin: 17% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS €0.20 (vs €0.074 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €87.8m (up 38% from 2Q 2020). Net income: €17.3m (up 166% from 2Q 2020). Profit margin: 20% (up from 10% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • May 03Upcoming dividend of €0.36 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.6%).Reported Earnings • Mar 14Full year 2020 earnings released: EPS €0.52 (vs €0.60 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €306.7m (down 5.3% from FY 2019). Net income: €45.6m (down 14% from FY 2019). Profit margin: 15% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 10New 90-day high: €14.20The company is up 12% from its price of €12.66 on 12 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 Packaging industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.01 per share.Is New 90 Day High Low • Dec 29New 90-day high: €14.06The company is up 7.0% from its price of €13.20 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging 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 €15.24 per share.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS €0.12The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €80.9m (down 1.1% from 3Q 2019). Net income: €10.4m (down 22% from 3Q 2019). Profit margin: 13% (down from 16% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Oct 30New 90-day low: €12.04The company is down 11% from its price of €13.60 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 Packaging industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.14 per share.業績と収益の成長予測DB:ZVB - 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12/31/20286555571129312/31/20276344664120412/31/2026611356111143/31/20264383279121N/A12/31/20254452790123N/A9/30/20254393378110N/A6/30/20254393482118N/A3/31/2025449415996N/A12/31/20244555265109N/A9/30/20244655961109N/A6/30/20244767474121N/A3/31/2024494105114158N/A12/31/2023520122113150N/A9/30/2023535138111156N/A6/30/202353613081115N/A3/31/20235081041670N/A12/31/202246987-464N/A9/30/202244260-1172N/A6/30/2022413624102N/A3/31/20223896124114N/A12/31/20213626029103N/A9/30/20213386547103N/A6/30/2021327602878N/A3/31/2021303503368N/A12/31/2020307464380N/A9/30/2020311424371N/A6/30/2020312456389N/A3/31/2020331503672N/A12/31/201932453N/A66N/A9/30/201931549N/A60N/A6/30/201930347N/A56N/A3/31/201929346N/A70N/A12/31/201829045N/A74N/A9/30/201828545N/A67N/A6/30/201827742N/A69N/A3/31/201827142N/A58N/A12/31/201726140N/A55N/A9/30/201725438N/A57N/A6/30/201725437N/A50N/A3/31/201725233N/A56N/A12/31/201625231N/A51N/A9/30/201625329N/A53N/A6/30/201625328N/A54N/A3/31/201624930N/A57N/A12/31/201524629N/A48N/A9/30/201524127N/A49N/A6/30/201523825N/A43N/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: ZVBの予測収益成長率 (年間20.4% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: ZVBの収益 ( 20.4% ) はGerman市場 ( 17% ) よりも速いペースで成長すると予測されています。高成長収益: ZVBの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: ZVBの収益 ( 12.5% ) German市場 ( 6.8% ) よりも速いペースで成長すると予測されています。高い収益成長: ZVBの収益 ( 12.5% ) 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: ZVBの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 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2026/05/22 23:05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Zignago Vetro S.p.A. 4 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。12 アナリスト機関Paola SagliettiBanca Akros S.p.A. (ESN)Paola SagliettiBanca Akros S.p.A. (ESN)Alejandro Conde FraisoliBanco Santander9 その他のアナリストを表示
Board Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Chiara Venezia was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 29Zignago Vetro S.p.A., Annual General Meeting, May 06, 2026Zignago Vetro S.p.A., Annual General Meeting, May 06, 2026, at 11:00 W. Europe Standard Time. Location: fossalta di portogruaro via ita marzotto 8, ve Italy
お知らせ • Mar 18Zignago Vetro S.p.A. announces Annual dividend, payable on May 13, 2026Zignago Vetro S.p.A. announced Annual dividend of EUR 0.2200 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
お知らせ • Mar 24Zignago Vetro S.p.A., Annual General Meeting, Apr 29, 2025Zignago Vetro S.p.A., Annual General Meeting, Apr 29, 2025, at 11:00 W. Europe Standard Time.
お知らせ • Mar 18Zignago Vetro S.p.A. announces Annual dividend, payable on May 14, 2025Zignago Vetro S.p.A. announced Annual dividend of EUR 0.4500 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
Reported Earnings • Nov 16Third quarter 2024 earnings released: EPS: €0.067 (vs €0.24 in 3Q 2023)Third quarter 2024 results: EPS: €0.067 (down from €0.24 in 3Q 2023). Revenue: €109.3m (down 8.8% from 3Q 2023). Net income: €5.96m (down 72% from 3Q 2023). Profit margin: 5.5% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 12Second quarter 2024 earnings released: EPS: €0.16 (vs €0.51 in 2Q 2023)Second quarter 2024 results: EPS: €0.16 (down from €0.51 in 2Q 2023). Revenue: €121.9m (down 13% from 2Q 2023). Net income: €14.5m (down 68% from 2Q 2023). Profit margin: 12% (down from 32% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 09Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%).
Reported Earnings • May 01First quarter 2024 earnings released: EPS: €0.13 (vs €0.34 in 1Q 2023)First quarter 2024 results: EPS: €0.13 (down from €0.34 in 1Q 2023). Revenue: €120.8m (down 18% from 1Q 2023). Net income: €11.8m (down 60% from 1Q 2023). Profit margin: 9.8% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: €1.38 (vs €0.98 in FY 2022)Full year 2023 results: EPS: €1.38 (up from €0.98 in FY 2022). Revenue: €520.0m (up 11% from FY 2022). Net income: €122.4m (up 41% from FY 2022). Profit margin: 24% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 25Dividend increased to €0.75Dividend of €0.75 is 25% higher than last year. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 6.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 43% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range.
New Risk • Nov 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk High level of debt (51% net debt to equity).
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: €0.24 (vs €0.15 in 3Q 2022)Third quarter 2023 results: EPS: €0.24 (up from €0.15 in 3Q 2022). Revenue: €119.8m (flat on 3Q 2022). Net income: €21.0m (up 61% from 3Q 2022). Profit margin: 18% (up from 11% in 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 28Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €19.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: €0.51 (vs €0.21 in 2Q 2022)Second quarter 2023 results: EPS: €0.51 (up from €0.21 in 2Q 2022). Revenue: €140.0m (up 25% from 2Q 2022). Net income: €45.0m (up 142% from 2Q 2022). Profit margin: 32% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Europe. 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 6% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks High level of debt (67% net debt to equity). Dividend is not well covered by cash flows (331% cash payout ratio).
Upcoming Dividend • May 08Upcoming dividend of €0.60 per share at 3.4% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.2%).
Reported Earnings • May 07First quarter 2023 earnings released: EPS: €0.34 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.34 (up from €0.14 in 1Q 2022). Revenue: €146.5m (up 36% from 1Q 2022). Net income: €29.7m (up 137% from 1Q 2022). Profit margin: 20% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. CEO & Executive Director Roberto Cardini was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.15 (vs €0.18 in 3Q 2021)Third quarter 2022 results: EPS: €0.15 (down from €0.18 in 3Q 2021). Revenue: €120.5m (up 32% from 3Q 2021). Net income: €13.0m (down 14% from 3Q 2021). Profit margin: 11% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Oct 06Zignago Vetro S.p.A. (BIT:ZV) acquired entire share capital of Italian Glass Moulds S.r.l. for €0.1 million.Zignago Vetro S.p.A. (BIT:ZV) acquired entire share capital of Italian Glass Moulds S.r.l. for €0.1 million on October 4, 2022. The transaction was carried out through the use of own funds with Svir S.r.l. as the counterparty. It currently employs about 40 people and in 2021 reported revenues of approx. €3 million. Zignago Vetro S.p.A. (BIT:ZV) completed the acquisition of Italian Glass Moulds S.r.l. on October 4, 2022.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: €0.21 (vs €0.20 in 2Q 2021)Second quarter 2022 results: EPS: €0.21 (up from €0.20 in 2Q 2021). Revenue: €112.2m (up 28% from 2Q 2021). Net income: €18.6m (up 7.4% from 2Q 2021). Profit margin: 17% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. CEO & Executive Director Roberto Cardini was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: €0.14 (vs €0.13 in 1Q 2021)First quarter 2022 results: EPS: €0.14 (up from €0.13 in 1Q 2021). Revenue: €107.6m (up 32% from 1Q 2021). Net income: €12.5m (up 9.4% from 1Q 2021). Profit margin: 12% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 53%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 02Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (2.8%).
Reported Earnings • Apr 03Full year 2021 earnings releasedFull year 2021 results: Revenue: €362.4m (up 18% from FY 2020). Net income: €60.0m (up 32% from FY 2020). Profit margin: 17% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 57%, compared to a 14% growth forecast for the industry in Germany.
Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS €0.18 (vs €0.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €91.4m (up 13% from 3Q 2020). Net income: €15.1m (up 46% from 3Q 2020). Profit margin: 17% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS €0.20 (vs €0.074 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €87.8m (up 38% from 2Q 2020). Net income: €17.3m (up 166% from 2Q 2020). Profit margin: 20% (up from 10% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • May 03Upcoming dividend of €0.36 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.6%).
Reported Earnings • Mar 14Full year 2020 earnings released: EPS €0.52 (vs €0.60 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €306.7m (down 5.3% from FY 2019). Net income: €45.6m (down 14% from FY 2019). Profit margin: 15% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 10New 90-day high: €14.20The company is up 12% from its price of €12.66 on 12 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 Packaging industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.01 per share.
Is New 90 Day High Low • Dec 29New 90-day high: €14.06The company is up 7.0% from its price of €13.20 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging 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 €15.24 per share.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS €0.12The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €80.9m (down 1.1% from 3Q 2019). Net income: €10.4m (down 22% from 3Q 2019). Profit margin: 13% (down from 16% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Oct 30New 90-day low: €12.04The company is down 11% from its price of €13.60 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 Packaging industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.14 per share.