View Financial HealthRacing Force 配当と自社株買い配当金 基準チェック /16Racing Force配当を支払う会社であり、現在の利回りは1.87%で、収益によって十分にカバーされています。主要情報1.9%配当利回り0.2%バイバック利回り総株主利回り2.1%将来の配当利回り2.3%配当成長6.6%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向49%最近の配当と自社株買いの更新Upcoming Dividend • May 04Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (3.5%).Declared Dividend • Mar 30Dividend increased to €0.095Dividend of €0.095 is 5.6% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 6.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.Upcoming Dividend • May 05Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.4%).Declared Dividend • Mar 31Dividend of €0.09 announcedDividend of €0.09 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.すべての更新を表示Recent updatesUpcoming Dividend • May 04Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (3.5%).Reported Earnings • Mar 31Full year 2025 earnings releasedFull year 2025 results: Revenue: €73.1m (up 11% from FY 2024). Net income: €5.43m (down 6.4% from FY 2024). Profit margin: 7.4% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Leisure industry in Europe.Declared Dividend • Mar 30Dividend increased to €0.095Dividend of €0.095 is 5.6% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 6.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.Buy Or Sell Opportunity • Jan 24Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.2% to €4.96. The fair value is estimated to be €6.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Buy Or Sell Opportunity • Dec 31Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €4.80. The fair value is estimated to be €6.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Buy Or Sell Opportunity • Dec 16Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at €4.79. The fair value is estimated to be €6.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.お知らせ • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026Buy Or Sell Opportunity • Dec 01Now 22% undervaluedOver the last 90 days, the stock has risen 1.9% to €4.83. The fair value is estimated to be €6.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.16 (vs €0.20 in 1H 2024)First half 2025 results: EPS: €0.16 (down from €0.20 in 1H 2024). Revenue: €39.3m (up 4.6% from 1H 2024). Net income: €4.25m (down 21% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Leisure industry in Europe.Buy Or Sell Opportunity • Sep 25Now 21% undervaluedOver the last 90 days, the stock has risen 3.0% to €4.84. The fair value is estimated to be €6.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.Buy Or Sell Opportunity • Aug 21Now 23% undervaluedOver the last 90 days, the stock has risen 12% to €4.80. The fair value is estimated to be €6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period.Upcoming Dividend • May 05Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.4%).お知らせ • Apr 10Racing Force S.P.A., Annual General Meeting, Apr 29, 2025Racing Force S.P.A., Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.Declared Dividend • Mar 31Dividend of €0.09 announcedDividend of €0.09 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.お知らせ • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025New Risk • Jul 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding).Upcoming Dividend • May 06Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (5.0%).Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Leisure industry in France.New Risk • Apr 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.8% net profit margin).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €4.44, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Leisure industry in France. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.49 per share.New Risk • Sep 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).Reported Earnings • Sep 24First half 2023 earnings releasedFirst half 2023 results: Revenue: €37.2m (up 11% from 1H 2022). Net income: €4.88m (down 30% from 1H 2022). Profit margin: 13% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.Reported Earnings • Apr 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €58.9m (up 26% from FY 2021). Net income: €7.55m (up 81% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe.お知らせ • Jan 13Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million.Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,941,748 Price\Range: €5.15 Transaction Features: Subsequent Direct ListingReported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.6m (up 35% from 1H 2021). Net income: €6.94m (up 93% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe.決済の安定と成長配当データの取得安定した配当: 配当金の支払いは安定していますが、 ALRFGが配当金を支払っている期間は 10 年未満です。増加する配当: ALRFGの配当金は増加していますが、同社は4年間しか配当金を支払っていません。配当利回り対市場Racing Force 配当利回り対市場ALRFG 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (ALRFG)1.9%市場下位25% (FR)2.0%市場トップ25% (FR)5.7%業界平均 (Leisure)3.4%アナリスト予想 (ALRFG) (最長3年)2.3%注目すべき配当: ALRFGの配当金 ( 1.87% ) はFrench市場の配当金支払者の下位 25% ( 2.01% ) と比べると目立ったものではありません。高配当: ALRFGの配当金 ( 1.87% ) はFrench市場の配当金支払者の上位 25% ( 5.68% ) と比較すると低いです。株主への利益配当収益カバレッジ: ALRFGの 配当性向 ( 48.7% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: ALRFGは配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YFR 市場の強力な配当支払い企業。View Management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 15:20終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Racing Force S.P.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Domenico GhilottiEquita SIM S.p.A.Corentin MartyTPICAP Midcap
Upcoming Dividend • May 04Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (3.5%).
Declared Dividend • Mar 30Dividend increased to €0.095Dividend of €0.095 is 5.6% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 6.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
Upcoming Dividend • May 05Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.4%).
Declared Dividend • Mar 31Dividend of €0.09 announcedDividend of €0.09 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
Upcoming Dividend • May 04Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (3.5%).
Reported Earnings • Mar 31Full year 2025 earnings releasedFull year 2025 results: Revenue: €73.1m (up 11% from FY 2024). Net income: €5.43m (down 6.4% from FY 2024). Profit margin: 7.4% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Leisure industry in Europe.
Declared Dividend • Mar 30Dividend increased to €0.095Dividend of €0.095 is 5.6% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 6.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
Buy Or Sell Opportunity • Jan 24Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.2% to €4.96. The fair value is estimated to be €6.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Buy Or Sell Opportunity • Dec 31Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €4.80. The fair value is estimated to be €6.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Buy Or Sell Opportunity • Dec 16Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at €4.79. The fair value is estimated to be €6.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
お知らせ • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026
Buy Or Sell Opportunity • Dec 01Now 22% undervaluedOver the last 90 days, the stock has risen 1.9% to €4.83. The fair value is estimated to be €6.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.16 (vs €0.20 in 1H 2024)First half 2025 results: EPS: €0.16 (down from €0.20 in 1H 2024). Revenue: €39.3m (up 4.6% from 1H 2024). Net income: €4.25m (down 21% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Leisure industry in Europe.
Buy Or Sell Opportunity • Sep 25Now 21% undervaluedOver the last 90 days, the stock has risen 3.0% to €4.84. The fair value is estimated to be €6.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.
Buy Or Sell Opportunity • Aug 21Now 23% undervaluedOver the last 90 days, the stock has risen 12% to €4.80. The fair value is estimated to be €6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period.
Upcoming Dividend • May 05Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.4%).
お知らせ • Apr 10Racing Force S.P.A., Annual General Meeting, Apr 29, 2025Racing Force S.P.A., Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.
Declared Dividend • Mar 31Dividend of €0.09 announcedDividend of €0.09 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
お知らせ • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025
New Risk • Jul 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding).
Upcoming Dividend • May 06Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (5.0%).
Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Leisure industry in France.
New Risk • Apr 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.8% net profit margin).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €4.44, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Leisure industry in France. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.49 per share.
New Risk • Sep 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).
Reported Earnings • Sep 24First half 2023 earnings releasedFirst half 2023 results: Revenue: €37.2m (up 11% from 1H 2022). Net income: €4.88m (down 30% from 1H 2022). Profit margin: 13% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
Reported Earnings • Apr 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €58.9m (up 26% from FY 2021). Net income: €7.55m (up 81% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe.
お知らせ • Jan 13Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million.Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,941,748 Price\Range: €5.15 Transaction Features: Subsequent Direct Listing
Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.6m (up 35% from 1H 2021). Net income: €6.94m (up 93% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe.