View ValuationMARR 将来の成長Future 基準チェック /36MARR利益と収益がそれぞれ年間23.6%と3.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に12.4% 22.9%なると予測されています。主要情報23.6%収益成長率22.88%EPS成長率Consumer Retailing 収益成長11.2%収益成長率3.7%将来の株主資本利益率12.38%アナリストカバレッジGood最終更新日22 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 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 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: 1.3% Last year net profit margin: 1.9% 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 Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 103% Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).Reported Earnings • May 18First quarter 2026 earnings released: €0.10 loss per share (vs €0.042 loss in 1Q 2025)First quarter 2026 results: €0.10 loss per share (further deteriorated from €0.042 loss in 1Q 2025). Revenue: €426.0m (up 6.7% from 1Q 2025). Net loss: €6.60m (loss widened 147% from 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • May 11Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.5%).Buy Or Sell Opportunity • May 06Now 21% overvaluedOver the last 90 days, the stock has fallen 7.1% to €8.51. The fair value is estimated to be €7.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €6.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.29 per share.Declared Dividend • Mar 19Dividend reduced to €0.47Dividend of €0.47 is 22% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 19MARR S.p.A., Annual General Meeting, Apr 28, 2026MARR S.p.A., Annual General Meeting, Apr 28, 2026, at 10:30 W. Europe Standard Time.お知らせ • Mar 18MARR S.p.A. announces Annual dividend, payable on May 20, 2026MARR S.p.A. announced Annual dividend of EUR 0.4700 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.Buy Or Sell Opportunity • Mar 16Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to €6.70. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €0.49 (vs €0.66 in FY 2024)Full year 2025 results: EPS: €0.49 (down from €0.66 in FY 2024). Revenue: €2.13b (up 4.5% from FY 2024). Net income: €31.0m (down 28% from FY 2024). Profit margin: 1.5% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Feb 04+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2025 Results on Mar 13, 2026MARR S.p.A. announced that they will report fiscal year 2025 results on Mar 13, 2026お知らせ • Jan 22MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million.MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million on January 20, 2026. A consideration of €4.7 million will be paid by MARR S.p.A. As part of consideration, €4.7 million is paid towards common equity of Bergel + Srl. As part of the transaction, Bergel will retain the use of the facility in Zanica. For the period ending December 31, 2025, Bergel + Srl reported total sales of €25 million. MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa on January 20, 2026.Reported Earnings • Nov 17Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.27. Revenue: €649.9m (up 4.4% from 3Q 2024). Net income: €17.4m (down 6.1% from 3Q 2024). Profit margin: 2.7% (down from 3.0% in 3Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom.Board Change • Sep 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: €0.24 (vs €0.25 in 2Q 2024)Second quarter 2025 results: EPS: €0.24 (down from €0.25 in 2Q 2024). Revenue: €595.6m (up 7.9% from 2Q 2024). Net income: €15.3m (down 2.6% from 2Q 2024). Profit margin: 2.6% (down from 2.9% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • May 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% 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 (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 152% Minor Risk Large one-off items impacting financial results.Reported Earnings • May 16First quarter 2025 earnings released: €0.042 loss per share (vs €0.026 profit in 1Q 2024)First quarter 2025 results: €0.042 loss per share (down from €0.026 profit in 1Q 2024). Revenue: €409.2m (flat on 1Q 2024). Net loss: €2.68m (down 255% from profit in 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • May 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • May 12Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.3%).New Risk • Apr 17New 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 109% Minor Risk Large one-off items impacting financial results.Declared Dividend • Mar 24Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 24MARR S.p.A., Annual General Meeting, Apr 28, 2025MARR S.p.A., Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time.お知らせ • Mar 18MARR S.p.A. announces Annual dividend, payable on May 21, 2025MARR S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.New Risk • Mar 16New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 49% 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: Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by cash flows (105% cash payout ratio).Board Change • Feb 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Jan 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Nov 21+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2024 Results on Mar 14, 2025MARR S.p.A. announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.28 (vs €0.33 in 3Q 2023)Third quarter 2024 results: EPS: €0.28 (down from €0.33 in 3Q 2023). Revenue: €622.7m (up 2.2% from 3Q 2023). Net income: €18.5m (down 15% from 3Q 2023). Profit margin: 3.0% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.25 (vs €0.26 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.26 in 2Q 2023). Revenue: €555.7m (down 1.3% from 2Q 2023). Net income: €15.7m (down 8.5% from 2Q 2023). Profit margin: 2.8% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.026 (vs €0.022 in 1Q 2023)First quarter 2024 results: EPS: €0.026 (up from €0.022 in 1Q 2023). Revenue: €418.1m (flat on 1Q 2023). Net income: €1.73m (up 18% from 1Q 2023). Profit margin: 0.4% (in line with 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 16% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 13Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.2%).New Risk • Apr 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).Declared Dividend • Mar 18Dividend increased to €0.60Dividend of €0.60 is 58% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.72 (vs €0.40 in FY 2022)Full year 2023 results: EPS: €0.72 (up from €0.40 in FY 2022). Revenue: €2.09b (up 11% from FY 2022). Net income: €47.1m (up 78% from FY 2022). Profit margin: 2.3% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.33 (vs €0.21 in 3Q 2022)Third quarter 2023 results: EPS: €0.33 (up from €0.21 in 3Q 2022). Revenue: €610.4m (flat on 3Q 2022). Net income: €21.9m (up 54% from 3Q 2022). Profit margin: 3.6% (up from 2.3% in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Nov 17+ 4 more updatesMARR S.p.A. to Report Fiscal Year 2023 Results on Mar 13, 2024MARR S.p.A. announced that they will report fiscal year 2023 results on Mar 13, 2024Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.26 (vs €0.20 in 2Q 2022)Second quarter 2023 results: EPS: €0.26 (up from €0.20 in 2Q 2022). Revenue: €564.8m (up 5.8% from 2Q 2022). Net income: €17.2m (up 28% from 2Q 2022). Profit margin: 3.0% (up from 2.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 15Upcoming dividend of €0.38 per share at 2.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.5%).Reported Earnings • Mar 16Full year 2022 earnings released: EPS: €0.40 (vs €0.53 in FY 2021)Full year 2022 results: EPS: €0.40 (down from €0.53 in FY 2021). Revenue: €1.93b (up 36% from FY 2021). Net income: €26.6m (down 24% from FY 2021). Profit margin: 1.4% (down from 2.5% in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 06+ 4 more updatesMARR S.p.A. to Report Q1, 2023 Results on May 12, 2023MARR S.p.A. announced that they will report Q1, 2023 results on May 12, 2023Reported Earnings • Aug 05Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €555.6m (up 60% from 2Q 2021). Net income: €13.4m (up 79% from 2Q 2021). Profit margin: 2.4% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 6.1% growth forecast for the industry in the United Kingdom.Reported Earnings • May 16First quarter 2022 earnings released: €0.04 loss per share (vs €0.095 loss in 1Q 2021)First quarter 2022 results: €0.04 loss per share (up from €0.095 loss in 1Q 2021). Revenue: €325.8m (up 77% from 1Q 2021). Net loss: €2.90m (loss narrowed 54% from 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 4.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 16Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.9%). Higher than average of industry peers (4.2%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.53 (up from €0.036 loss in FY 2020). Revenue: €1.46b (up 39% from FY 2020). Net income: €35.1m (up €37.5m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 19%, compared to a 7.1% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS €0.41 (vs €0.23 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €534.9m (up 34% from 3Q 2020). Net income: €27.2m (up 81% from 3Q 2020). Profit margin: 5.1% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Upcoming Dividend • Oct 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 October 2021. Payment date: 20 October 2021. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.2%).Board Change • Sep 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €357.5m (up 96% from 2Q 2020). Net income: €7.45m (up €17.4m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% 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.Reported Earnings • May 19First quarter 2021 earnings released: €0.095 loss per share (vs €0.061 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €188.6m (down 26% from 1Q 2020). Net loss: €6.30m (loss widened 56% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 18Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.05b (down 37% from FY 2019). Net loss: €2.41m (down 104% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 01New 90-day high: €19.18The company is up 23% from its price of €15.54 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.55 per share.Is New 90 Day High Low • Feb 04New 90-day high: €18.14The company is up 51% from its price of €12.02 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing 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 €18.38 per share.Is New 90 Day High Low • Dec 24New 90-day high: €16.24The company is up 19% from its price of €13.64 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing 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 €16.83 per share.Analyst Estimate Surprise Post Earnings • Nov 17Revenue misses expectationsRevenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 23% compared to a 1.6% decline forecast for the Consumer Retailing industry in the United Kingdom.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS €0.23The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €409.0m (down 18% from 3Q 2019). Net income: €15.1m (down 45% from 3Q 2019). Profit margin: 3.7% (down from 5.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 13New 90-day high: €15.54The company is up 23% from its price of €12.68 on 14 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.73 per share.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 23% share price gain to €14.52, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 32.7x. This compares to an average P/E of 21x in the Consumer Retailing industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 24%.Is New 90 Day High Low • Oct 29New 90-day low: €11.52The company is down 10.0% from its price of €12.80 on 30 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.26 per share.Is New 90 Day High Low • Oct 05New 90-day high: €14.12The company is up 12% from its price of €12.58 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.15 per share.業績と収益の成長予測LSE:0NSS - 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12/31/20282,325505N/A312/31/20272,2604641N/A612/31/20262,1823425N/A53/31/20262,09127N/AN/AN/A12/31/20252,074312954N/A9/30/20252,077372457N/A6/30/20252,045381954N/A3/31/20252,026382556N/A12/31/20242,036433664N/A9/30/20242,007436388N/A6/30/20242,010467293N/A3/31/20242,025475782N/A12/31/20232,032474168N/A9/30/20232,008422446N/A6/30/20232,007351538N/A3/31/20231,97831-162N/A12/31/20221,88127-21-8N/A9/30/20221,830311223N/A6/30/20221,745444560N/A3/31/20221,5583992102N/A12/31/20211,42335110122N/A9/30/20211,26825142156N/A6/30/20211,14513114123N/A3/31/2021979-56177N/A12/31/20201,050-21731N/A9/30/20201,22013-37-26N/A6/30/20201,31825-57-47N/A3/31/20201,58556-27N/A12/31/20191,65467N/A78N/A9/30/20191,64167N/A87N/A6/30/20191,64068N/A83N/A3/31/20191,62768N/A78N/A12/31/20181,63069N/A57N/A9/30/20181,61768N/A76N/A6/30/20181,60267N/A87N/A3/31/20181,59766N/A84N/A12/31/20171,58866N/A67N/A9/30/20171,56162N/A56N/A6/30/20171,55060N/A49N/A3/31/20171,52759N/A64N/A12/31/20161,50459N/A88N/A9/30/20161,49259N/A77N/A6/30/20161,46560N/A66N/A3/31/20161,45059N/A60N/A12/31/20151,44158N/A63N/A9/30/20151,43956N/A66N/A6/30/20151,42052N/A78N/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: 0NSSの予測収益成長率 (年間23.6% ) は 貯蓄率 ( 3.4% ) を上回っています。収益対市場: 0NSSの収益 ( 23.6% ) はUK市場 ( 11.6% ) 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: 0NSS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: 0NSSの収益 ( 3.7% ) UK市場 ( 4.5% ) よりも低い成長が予測されています。高い収益成長: 0NSSの収益 ( 3.7% ) 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: 0NSSの 自己資本利益率 は、3年後には低くなると予測されています ( 12.4 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-retailing 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2026/05/26 16:19終値2026/05/26 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MARR S.p.A. 6 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。11 アナリスト機関Paola SagliettiBanca Akros S.p.A. (ESN)Paola SagliettiBanca Akros S.p.A. (ESN)Anna FrontaniBerenberg8 その他のアナリストを表示
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 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: 1.3% Last year net profit margin: 1.9% 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 Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 103% Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).
Reported Earnings • May 18First quarter 2026 earnings released: €0.10 loss per share (vs €0.042 loss in 1Q 2025)First quarter 2026 results: €0.10 loss per share (further deteriorated from €0.042 loss in 1Q 2025). Revenue: €426.0m (up 6.7% from 1Q 2025). Net loss: €6.60m (loss widened 147% from 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • May 11Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.5%).
Buy Or Sell Opportunity • May 06Now 21% overvaluedOver the last 90 days, the stock has fallen 7.1% to €8.51. The fair value is estimated to be €7.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €6.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.29 per share.
Declared Dividend • Mar 19Dividend reduced to €0.47Dividend of €0.47 is 22% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 19MARR S.p.A., Annual General Meeting, Apr 28, 2026MARR S.p.A., Annual General Meeting, Apr 28, 2026, at 10:30 W. Europe Standard Time.
お知らせ • Mar 18MARR S.p.A. announces Annual dividend, payable on May 20, 2026MARR S.p.A. announced Annual dividend of EUR 0.4700 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
Buy Or Sell Opportunity • Mar 16Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to €6.70. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €0.49 (vs €0.66 in FY 2024)Full year 2025 results: EPS: €0.49 (down from €0.66 in FY 2024). Revenue: €2.13b (up 4.5% from FY 2024). Net income: €31.0m (down 28% from FY 2024). Profit margin: 1.5% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Feb 04+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2025 Results on Mar 13, 2026MARR S.p.A. announced that they will report fiscal year 2025 results on Mar 13, 2026
お知らせ • Jan 22MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million.MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million on January 20, 2026. A consideration of €4.7 million will be paid by MARR S.p.A. As part of consideration, €4.7 million is paid towards common equity of Bergel + Srl. As part of the transaction, Bergel will retain the use of the facility in Zanica. For the period ending December 31, 2025, Bergel + Srl reported total sales of €25 million. MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa on January 20, 2026.
Reported Earnings • Nov 17Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.27. Revenue: €649.9m (up 4.4% from 3Q 2024). Net income: €17.4m (down 6.1% from 3Q 2024). Profit margin: 2.7% (down from 3.0% in 3Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom.
Board Change • Sep 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: €0.24 (vs €0.25 in 2Q 2024)Second quarter 2025 results: EPS: €0.24 (down from €0.25 in 2Q 2024). Revenue: €595.6m (up 7.9% from 2Q 2024). Net income: €15.3m (down 2.6% from 2Q 2024). Profit margin: 2.6% (down from 2.9% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • May 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% 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 (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 152% Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 16First quarter 2025 earnings released: €0.042 loss per share (vs €0.026 profit in 1Q 2024)First quarter 2025 results: €0.042 loss per share (down from €0.026 profit in 1Q 2024). Revenue: €409.2m (flat on 1Q 2024). Net loss: €2.68m (down 255% from profit in 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • May 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • May 12Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.3%).
New Risk • Apr 17New 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 109% Minor Risk Large one-off items impacting financial results.
Declared Dividend • Mar 24Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 24MARR S.p.A., Annual General Meeting, Apr 28, 2025MARR S.p.A., Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time.
お知らせ • Mar 18MARR S.p.A. announces Annual dividend, payable on May 21, 2025MARR S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
New Risk • Mar 16New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 49% 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: Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by cash flows (105% cash payout ratio).
Board Change • Feb 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Jan 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Nov 21+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2024 Results on Mar 14, 2025MARR S.p.A. announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.28 (vs €0.33 in 3Q 2023)Third quarter 2024 results: EPS: €0.28 (down from €0.33 in 3Q 2023). Revenue: €622.7m (up 2.2% from 3Q 2023). Net income: €18.5m (down 15% from 3Q 2023). Profit margin: 3.0% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.25 (vs €0.26 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.26 in 2Q 2023). Revenue: €555.7m (down 1.3% from 2Q 2023). Net income: €15.7m (down 8.5% from 2Q 2023). Profit margin: 2.8% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.026 (vs €0.022 in 1Q 2023)First quarter 2024 results: EPS: €0.026 (up from €0.022 in 1Q 2023). Revenue: €418.1m (flat on 1Q 2023). Net income: €1.73m (up 18% from 1Q 2023). Profit margin: 0.4% (in line with 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 16% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 13Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.2%).
New Risk • Apr 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).
Declared Dividend • Mar 18Dividend increased to €0.60Dividend of €0.60 is 58% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.72 (vs €0.40 in FY 2022)Full year 2023 results: EPS: €0.72 (up from €0.40 in FY 2022). Revenue: €2.09b (up 11% from FY 2022). Net income: €47.1m (up 78% from FY 2022). Profit margin: 2.3% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.33 (vs €0.21 in 3Q 2022)Third quarter 2023 results: EPS: €0.33 (up from €0.21 in 3Q 2022). Revenue: €610.4m (flat on 3Q 2022). Net income: €21.9m (up 54% from 3Q 2022). Profit margin: 3.6% (up from 2.3% in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Nov 17+ 4 more updatesMARR S.p.A. to Report Fiscal Year 2023 Results on Mar 13, 2024MARR S.p.A. announced that they will report fiscal year 2023 results on Mar 13, 2024
Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.26 (vs €0.20 in 2Q 2022)Second quarter 2023 results: EPS: €0.26 (up from €0.20 in 2Q 2022). Revenue: €564.8m (up 5.8% from 2Q 2022). Net income: €17.2m (up 28% from 2Q 2022). Profit margin: 3.0% (up from 2.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 15Upcoming dividend of €0.38 per share at 2.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.5%).
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: €0.40 (vs €0.53 in FY 2021)Full year 2022 results: EPS: €0.40 (down from €0.53 in FY 2021). Revenue: €1.93b (up 36% from FY 2021). Net income: €26.6m (down 24% from FY 2021). Profit margin: 1.4% (down from 2.5% in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 06+ 4 more updatesMARR S.p.A. to Report Q1, 2023 Results on May 12, 2023MARR S.p.A. announced that they will report Q1, 2023 results on May 12, 2023
Reported Earnings • Aug 05Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €555.6m (up 60% from 2Q 2021). Net income: €13.4m (up 79% from 2Q 2021). Profit margin: 2.4% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 6.1% growth forecast for the industry in the United Kingdom.
Reported Earnings • May 16First quarter 2022 earnings released: €0.04 loss per share (vs €0.095 loss in 1Q 2021)First quarter 2022 results: €0.04 loss per share (up from €0.095 loss in 1Q 2021). Revenue: €325.8m (up 77% from 1Q 2021). Net loss: €2.90m (loss narrowed 54% from 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 4.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 16Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.9%). Higher than average of industry peers (4.2%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.53 (up from €0.036 loss in FY 2020). Revenue: €1.46b (up 39% from FY 2020). Net income: €35.1m (up €37.5m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 19%, compared to a 7.1% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS €0.41 (vs €0.23 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €534.9m (up 34% from 3Q 2020). Net income: €27.2m (up 81% from 3Q 2020). Profit margin: 5.1% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Upcoming Dividend • Oct 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 October 2021. Payment date: 20 October 2021. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.2%).
Board Change • Sep 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €357.5m (up 96% from 2Q 2020). Net income: €7.45m (up €17.4m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% 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.
Reported Earnings • May 19First quarter 2021 earnings released: €0.095 loss per share (vs €0.061 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €188.6m (down 26% from 1Q 2020). Net loss: €6.30m (loss widened 56% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 18Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.05b (down 37% from FY 2019). Net loss: €2.41m (down 104% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 01New 90-day high: €19.18The company is up 23% from its price of €15.54 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.55 per share.
Is New 90 Day High Low • Feb 04New 90-day high: €18.14The company is up 51% from its price of €12.02 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing 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 €18.38 per share.
Is New 90 Day High Low • Dec 24New 90-day high: €16.24The company is up 19% from its price of €13.64 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing 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 €16.83 per share.
Analyst Estimate Surprise Post Earnings • Nov 17Revenue misses expectationsRevenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 23% compared to a 1.6% decline forecast for the Consumer Retailing industry in the United Kingdom.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS €0.23The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €409.0m (down 18% from 3Q 2019). Net income: €15.1m (down 45% from 3Q 2019). Profit margin: 3.7% (down from 5.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 13New 90-day high: €15.54The company is up 23% from its price of €12.68 on 14 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.73 per share.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 23% share price gain to €14.52, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 32.7x. This compares to an average P/E of 21x in the Consumer Retailing industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 24%.
Is New 90 Day High Low • Oct 29New 90-day low: €11.52The company is down 10.0% from its price of €12.80 on 30 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.26 per share.
Is New 90 Day High Low • Oct 05New 90-day high: €14.12The company is up 12% from its price of €12.58 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.15 per share.