TXT e-solutions（0NLD）株式概要TXT e-solutions S.p.A.は、ソフトウェア製品を世界中に提供しています。 詳細0NLD ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長3/6過去の実績5/6財務の健全性4/6配当金0/6報酬収益は年間15.27%増加すると予測されています 過去1年間で収益は35.6%増加しました リスク分析UK市場と比較した過去 3 か月間の株価の変動多額の負債を抱えている すべてのリスクチェックを見る0NLD Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW481,989 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA481,989 investors already sharing narrativesYour Fair Value€Current Price€46.105.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-873k659m2016201920222025202620282031Revenue €658.8mEarnings €37.6mAdvancedSet Fair ValueView all narrativesTXT e-solutions S.p.A. 競合他社Alfa Financial Software HoldingsSymbol: LSE:ALFAMarket cap: UK£488.2mPinewood Technologies GroupSymbol: LSE:PINEMarket cap: UK£494.9mCerillionSymbol: AIM:CERMarket cap: UK£292.5mBytes Technology GroupSymbol: LSE:BYITMarket cap: UK£931.5m価格と性能株価の高値、安値、推移の概要TXT e-solutions過去の株価現在の株価€46.1052週高値€46.1052週安値€23.75ベータ0.401ヶ月の変化8.34%3ヶ月変化33.62%1年変化37.82%3年間の変化119.52%5年間の変化493.31%IPOからの変化476.07%最新ニュースBuy Or Sell Opportunity • Jul 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €42.60. The fair value is estimated to be €35.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €42.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.62 per share.Reported Earnings • May 18First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €109.2m (up 19% from 1Q 2025). Net income: €5.73m (up 3.6% from 1Q 2025). Profit margin: 5.2% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom.Upcoming Dividend • May 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €35.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.29 per share.New Risk • Apr 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk High level of debt (57% net debt to equity).最新情報をもっと見るRecent updatesBuy Or Sell Opportunity • Jul 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €42.60. The fair value is estimated to be €35.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €42.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.62 per share.Reported Earnings • May 18First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €109.2m (up 19% from 1Q 2025). Net income: €5.73m (up 3.6% from 1Q 2025). Profit margin: 5.2% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom.Upcoming Dividend • May 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €35.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.29 per share.New Risk • Apr 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk High level of debt (57% net debt to equity).Buy Or Sell Opportunity • Mar 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to €28.55. The fair value is estimated to be €36.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.お知らせ • Mar 23TXT e-solutions S.p.A., Annual General Meeting, Apr 29, 2026TXT e-solutions S.p.A., Annual General Meeting, Apr 29, 2026, at 10:00 W. Europe Standard Time.Declared Dividend • Mar 19Dividend increased to €0.35Dividend of €0.35 is 40% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 24%.お知らせ • Mar 17TXT e-solutions S.p.A. announces Annual dividend, payable on May 20, 2026TXT e-solutions S.p.A. announced Annual dividend of EUR 0.3500 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: €1.83 (vs €1.24 in FY 2024)Full year 2025 results: EPS: €1.83 (up from €1.24 in FY 2024). Revenue: €394.3m (up 30% from FY 2024). Net income: €23.3m (up 47% from FY 2024). Profit margin: 5.9% (up from 5.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €28.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.46 per share.Buy Or Sell Opportunity • Feb 03Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to €26.50. The fair value is estimated to be €34.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.Board Change • Jan 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 Director Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 14+ 4 more updatesTXT e-solutions S.p.A. to Report Fiscal Year 2025 Final Results on Mar 12, 2026TXT e-solutions S.p.A. announced that they will report fiscal year 2025 final results on Mar 12, 2026Board Change • Dec 19Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Nov 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% 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 (14% operating cash flow to total debt). Shares are highly illiquid.Buy Or Sell Opportunity • Nov 17Now 21% undervaluedOver the last 90 days, the stock has risen 2.4% to €31.65. The fair value is estimated to be €40.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 12%.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: €0.35 (vs €0.32 in 3Q 2024)Third quarter 2025 results: EPS: €0.35 (up from €0.32 in 3Q 2024). Revenue: €92.4m (up 14% from 3Q 2024). Net income: €4.41m (up 9.4% from 3Q 2024). Profit margin: 4.8% (down from 5.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Sep 18Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Aug 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% 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 (12% operating cash flow to total debt). Shares are highly illiquid.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: €0.40 (vs €0.33 in 2Q 2024)Second quarter 2025 results: EPS: €0.40 (up from €0.33 in 2Q 2024). Revenue: €96.9m (up 36% from 2Q 2024). Net income: €5.00m (up 30% from 2Q 2024). Profit margin: 5.2% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Jul 17Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jun 24Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 16First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €92.2m (up 37% from 1Q 2024). Net income: €5.53m (up 35% from 1Q 2024). Profit margin: 6.0% (down from 6.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Software industry in the United Kingdom.Upcoming Dividend • May 12Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.8%).Buy Or Sell Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €29.20. The fair value is estimated to be €37.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.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: 16% 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. This is currently the only risk that has been identified for the company.お知らせ • Apr 03TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of It Values Srl.TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire It Values Srl for €17.5 million on March 5, 2025. As part of the acquisition, TXT e-solutions S.p.A. will acquire 100% stake in It Values Srl. The consideration consists of €12 million in cash, €3 million will be paid in TXT e-solutions S.p.A. shares and maximum earn-out value €2.5 million For the period ended December 31, 2024, It Values Srl has an adjusted EBITDA of €2.5 million. The board of directors of TXT e-solutions S.p.A. has unanimously approved the transaction. The transaction is expected to close by April 1, 2025. Marco Morfino of Clearwater International acted as financial advisor to TXT e-solutions S.p.A. Marcello Priori of Studio PRIORI acted as financial advisor to It Values Srl. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of It Values Srl on April 1, 2025. TXT will consolidate IT Values' results within its Smart Solutions division starting from April 1, 2025. The selling shareholders, currently directors and managers of IT Values, will remain with the company.Declared Dividend • Mar 24Dividend of €0.25 announcedDividend of €0.25 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.7%.お知らせ • Mar 19TXT e-solutions S.p.A. announces Annual dividend, payable on May 21, 2025TXT e-solutions S.p.A. announced Annual dividend of EUR 0.2500 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.Reported Earnings • Mar 16Full year 2024 earnings released: EPS: €1.32 (vs €1.33 in FY 2023)Full year 2024 results: EPS: €1.32. Revenue: €304.5m (up 36% from FY 2023). Net income: €15.9m (up 2.6% from FY 2023). Profit margin: 5.2% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom.Board Change • Mar 06Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 01+ 4 more updatesTXT e-solutions S.p.A. to Report Fiscal Year 2024 Final Results on Mar 14, 2025TXT e-solutions S.p.A. announced that they will report fiscal year 2024 final results on Mar 14, 2025New Risk • Nov 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 (13% operating cash flow to total debt). Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding).Reported Earnings • Nov 16Third quarter 2024 earnings released: EPS: €0.34 (vs €0.26 in 3Q 2023)Third quarter 2024 results: EPS: €0.34 (up from €0.26 in 3Q 2023). Revenue: €81.4m (up 56% from 3Q 2023). Net income: €4.02m (up 33% from 3Q 2023). Profit margin: 4.9% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Sep 17New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid.Reported Earnings • Sep 11Second quarter 2024 earnings released: EPS: €0.33 (vs €0.33 in 2Q 2023)Second quarter 2024 results: EPS: €0.33 (in line with 2Q 2023). Revenue: €71.1m (up 29% from 2Q 2023). Net income: €3.85m (flat on 2Q 2023). Profit margin: 5.4% (down from 7.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom.お知らせ • Jul 10TXT e-solutions S.p.A. (BIT:TXT) acquired an additional 20% stake in ProSim Aviation Research B.V.TXT e-solutions S.p.A. (BIT:TXT) exercised an option to acquire an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024. As a result of which TXT holds a majority stake in ProSim-TS amounting to 60% of its capital. TXT will consolidate the results of ProSim-TS starting from July 1, 2024. Following the option exercised by TXT today, the investment agreement includes further Put/Call options expiring upon approval of the financial statements closing on December 31, 2025, under which TXT will acquire the remaining 40% of ProSim-TS, with additional earn-outs for the selling shareholders. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024.お知らせ • Jul 02TXT e-solutions S.p.A. acquired Refine Direct Srl for €21.8 million.TXT e-solutions S.p.A. acquired Refine Direct Srl for €21.8 million on July 1, 2024. The transaction is expected to be closed on July 1, 2024. The consideration will be paid in cash of which €12.1 million was paid in cash and €9.7 million was paid through the issuance of TXT e-solutions S.p.A. shares. The transaction has been approved by the board of directors of TXT e-solutions. As of year ended 2023, Refine's reported revenues of €16.7 million and EBITDA of €3.4 million.TXT e-solutions S.p.A. completed the acquisition of Refine Direct Srl on July 1, 2024.お知らせ • Jun 28TXT e-solutions S.p.A. (BIT:TXT) acquired Imille Srl and Uasabi Srl for €8.5 million.TXT e-solutions S.p.A. (BIT:TXT) acquired Imille Srl and Uasabi Srl for €8.5 million on June 26, 2024. The base consideration paid at closing for the acquisition of 100% of the I MILLE Group, net of earn-outs, claw-back provisions, and the Net Financial Position, which will be settled in cash, has been agreed upon by the parties at €8.5 million. Of this amount, €7.1 million (84%) was paid in cash, and €1.4 million (16%) was settled through the issuance of TXT e-solutions S.p.A. shares, transferred at a price corresponding to the average share price over the 30 trading days preceding the closing date, which was €24.13 per share. The Net Financial Position at closing will be settled in cash. The selling shareholders, who are currently directors and managers of the I MILLE Group, will remain with the company. The share purchase agreement includes retention clauses, claw-back provisions, earn-out arrangements, and bonuses in their favour, with deadlines distributed from the approval date of the I MILLE Group's 2024 financial statements until the approval date of the I MILLE Group's financial statements ending December 31, 2026. These payments will be contingent upon revenue and EBITDA growth targets as reflected in the I MILLE Group's industrial plans, which are jointly agreed upon by TXT and the selling shareholders. In 2023, the consolidated sales revenues of the I MILLE Group amounted to €11.6 million (+12.8% compared to 2022), with EBITDA of approximately €1.6 million. TXT will consolidate their results within its Digital Advisory division starting from June 26, 2024.The acquisition of the I MILLE Group was unanimously approved by the Board of Directors of TXT.TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of Imille Srl and Uasabi Srl on June 26, 2024.New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding).Board Change • Jun 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Paolo Mandelli was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 18First quarter 2024 earnings released: EPS: €0.35 (vs €0.24 in 1Q 2023)First quarter 2024 results: EPS: €0.35 (up from €0.24 in 1Q 2023). Revenue: €67.1m (up 28% from 1Q 2023). Net income: €4.11m (up 41% from 1Q 2023). Profit margin: 6.1% (up from 5.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom.Board Change • May 08High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Declared Dividend • Mar 25Dividend increased to €0.25Dividend of €0.25 is 39% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 19%.Board Change • Mar 22High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 16Full year 2023 earnings released: EPS: €1.33 (vs €1.01 in FY 2022)Full year 2023 results: EPS: €1.33 (up from €1.01 in FY 2022). Revenue: €224.4m (up 49% from FY 2022). Net income: €15.5m (up 29% from FY 2022). Profit margin: 6.9% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year and the company’s share price has also increased by 45% per year.お知らせ • Mar 15TXT e-solutions S.p.A., Annual General Meeting, Apr 24, 2024TXT e-solutions S.p.A., Annual General Meeting, Apr 24, 2024, at 10:00 Central European Standard Time.Board Change • Mar 04High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Feb 08High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jan 12+ 3 more updatesTXT e-solutions S.p.A. to Report Q1, 2024 Results on May 15, 2024TXT e-solutions S.p.A. announced that they will report Q1, 2024 results on May 15, 2024Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €19.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 30x in the Software industry in the United Kingdom. Total returns to shareholders of 56% over the past year.お知らせ • Dec 06TXT e-solutions S.p.A. (BIT:TXT) acquired FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro.TXT e-solutions S.p.A. (BIT:TXT) signed a contract to acquire FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro for €7 million on December 4, 2023. The agreed base consideration for the acquisition of 100% of FastCode paid at the closing, net of the earn-outs and claw-back outlined below, was set at €5.0 million. The initial earn-out clause concludes upon the approval of FastCode's financial statements as of December 31, 2023, with an estimated amount exceeding €2 million. The second earn-out clause concludes upon the approval of FastCode's 2027 financial statements, contingent on meeting growth targets. Gianni Mancini and Massimiliano Saponaro will their positions. The acquisition of FastCode received unanimous approval from TXT's Board of Directors. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro on December 4, 2023.Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: €0.26 (vs €0.15 in 3Q 2022)Third quarter 2023 results: EPS: €0.26 (up from €0.15 in 3Q 2022). Revenue: €52.1m (up 74% from 3Q 2022). Net income: €3.01m (up 66% from 3Q 2022). Profit margin: 5.8% (down from 6.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.33 (vs €0.13 in 2Q 2022)Second quarter 2023 results: EPS: €0.33 (up from €0.13 in 2Q 2022). Revenue: €55.0m (up 72% from 2Q 2022). Net income: €3.88m (up 165% from 2Q 2022). Profit margin: 7.0% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 30First quarter 2023 earnings released: EPS: €0.24 (vs €0.18 in 1Q 2022)First quarter 2023 results: EPS: €0.24 (up from €0.18 in 1Q 2022). Revenue: €52.3m (up 71% from 1Q 2022). Net income: €2.91m (up 41% from 1Q 2022). Profit margin: 5.6% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Board Change • May 22High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Upcoming Dividend • May 15Upcoming dividend of €0.18 per share at 0.9% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.8%).Reported Earnings • May 14First quarter 2023 earnings released: EPS: €0.24 (vs €0.18 in 1Q 2022)First quarter 2023 results: EPS: €0.24 (up from €0.18 in 1Q 2022). Revenue: €52.3m (up 71% from 1Q 2022). Net income: €2.91m (up 41% from 1Q 2022). Profit margin: 5.6% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 09Full year 2022 earnings released: EPS: €1.01 (vs €0.67 in FY 2021)Full year 2022 results: EPS: €1.01 (up from €0.67 in FY 2021). Revenue: €150.8m (up 56% from FY 2021). Net income: €12.0m (up 52% from FY 2021). Profit margin: 8.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €17.92, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 106% over the past year.お知らせ • Jan 22+ 4 more updatesTXT e-solutions S.p.A. to Report Q4, 2022 Results on Mar 09, 2023TXT e-solutions S.p.A. announced that they will report Q4, 2022 results on Mar 09, 2023Board Change • Jan 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Oct 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 15First quarter 2022 earnings released: EPS: €0.18 (vs €0.11 in 1Q 2021)First quarter 2022 results: EPS: €0.18 (up from €0.11 in 1Q 2021). Revenue: €30.5m (up 42% from 1Q 2021). Net income: €2.06m (up 66% from 1Q 2021). Profit margin: 6.7% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the industry in the United Kingdom.Board Change • May 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 19% share price gain to €9.87, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 33x in the Software industry in the United Kingdom. Total returns to shareholders of 42% over the past year.Reported Earnings • Mar 16Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.67 (up from €0.38 in FY 2020). Revenue: €96.4m (up 40% from FY 2020). Net income: €7.84m (up 75% from FY 2020). Profit margin: 8.1% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 6.9%, compared to a 29% growth forecast for the industry in the United Kingdom.Board Change • Jan 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Standing Auditor Luisa Cameretti is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.17 (vs €0.067 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €23.0m (up 47% from 3Q 2020). Net income: €2.06m (up 160% from 3Q 2020). Profit margin: 8.9% (up from 5.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Nov 12High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Standing Auditor Luisa Cameretti is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Oct 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman Enrico Magni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman Enrico Magni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to €8.21, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 34x in the Software industry in the United Kingdom. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.27 per share.Analyst Estimate Surprise Post Earnings • Mar 11Revenue beats expectationsRevenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 23%, compared to a 9.3% growth forecast for the Software industry in the United Kingdom.Reported Earnings • Mar 10Full year 2020 earnings released: EPS €0.38 (vs €0.027 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €68.8m (up 16% from FY 2019). Net income: €4.47m (up €4.16m from FY 2019). Profit margin: 6.5% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.株主還元0NLDGB SoftwareGB 市場7D8.3%6.7%0.7%1Y37.8%-20.5%18.7%株主還元を見る業界別リターン: 0NLD過去 1 年間で-20.5 % の収益を上げたUK Software業界を上回りました。リターン対市場: 0NLD過去 1 年間で18.7 % の収益を上げたUK市場を上回りました。価格変動Is 0NLD's price volatile compared to industry and market?0NLD volatility0NLD Average Weekly Movement8.1%Software Industry Average Movement5.8%Market Average Movement5.2%10% most volatile stocks in GB Market10.5%10% least volatile stocks in GB Market2.7%安定した株価: 0NLDの株価は、 UK市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間の0NLDのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト19893,392Daniele Misaniwww.txtgroup.comTXT e-solutions S.p.A.はソフトウェア製品を世界中に提供している。ソフトウェア・エンジニアリング、スマート・ソリューションズ、デジタル・アドバイザリー・セグメントを通じて事業を展開している。同社は、航空機設計解析のためのDESMO、航空機構成環境のためのACE、システムアーキテクチャの最適化のためのHalo、航空機と客室構成のためのACE MyCabin、XR訓練のためのWEAVR、すべての飛行段階におけるコスト効率の高い速度と高度のためのFPO、ルートと航空機解析のためのMissions、航空機の性能とコスト解析のためのRNAを提供しています；インタラクティブなリアルタイム・グラフィカル・ディスプレイのVAPS、ARINCユーザー・アプリケーションを開発するUAアクセラレータ、データ駆動型訓練分析ツールのインストラクトIQ、固定ベース訓練装置、バーチャル・インストラクターの拡張現実であるVIXRバーチャル・リアリティ、フライトをシミュレートするFMSトレーナー、CDUとLRUのバイト作業を訓練するフリープレイ・ツールのメンテナンス・トレーナー。また、政府や公共部門向けに、AIと高度な分析、拡張現実、モノのインターネット、サイバーセキュリティ、エッジコンピューティング、シミュレーションとトレーニング、リアルタイム、顧客体験ソリューション、金融市場向けに、ソフトウェア開発と品質、消費者金融と不良債権管理、リスク管理とAML、決済とイノベーション、サプライチェーンファイナンス、UI/UXと高速プロトタイピングソリューションなどの専門ソリューションを提供している；ファラデー：マネーロンダリング防止、腐敗防止、テロ防止などのプラットフォーム、アシオペイ：決済、バウチャー、ロイヤリティプログラム管理、eコマースなどのデジタルソリューション、ポラリス：サプライチェーンファイナンスプログラムのデジタルプラットフォーム、通信業界向けアプリケーション管理、ICTコンサルタント、クラウドテスト、独自プラットフォーム、高度なケアリング、技術オンサイトソリューションなど。前身はTXT Ingegneria Informatica S.p.A.で、2000年3月にTXT e-solutions S.p.A.に社名を変更した。TXT e-solutions S.p.A.は1989年に設立され、イタリアのケルノ・モンゼーゼに本社を置いています。もっと見るTXT e-solutions S.p.A. 基礎のまとめTXT e-solutions の収益と売上を時価総額と比較するとどうか。0NLD 基礎統計学時価総額€582.30m収益（TTM）€23.49m売上高(TTM)€411.36m24.8xPER（株価収益率1.4xP/Sレシオ0NLD は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計0NLD 損益計算書（TTM）収益€411.36m売上原価€341.23m売上総利益€70.13mその他の費用€46.64m収益€23.49m直近の収益報告Mar 31, 2026次回決算日Aug 06, 2026一株当たり利益（EPS）1.87グロス・マージン17.05%純利益率5.71%有利子負債／自己資本比率127.1%0NLD の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.8%現在の配当利回り19%配当性向View Valuation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2026/08/02 15:02終値2026/07/30 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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TXT e-solutions S.p.A. 3 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。4 アナリスト機関Andrea TodeschiniBanca Akros S.p.A. (ESN)Katherine ThompsonEdison Investment ResearchAndrea RandoneIntermonte SIM S.p.A.1 その他のアナリストを表示
Buy Or Sell Opportunity • Jul 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €42.60. The fair value is estimated to be €35.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €42.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.62 per share.
Reported Earnings • May 18First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €109.2m (up 19% from 1Q 2025). Net income: €5.73m (up 3.6% from 1Q 2025). Profit margin: 5.2% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom.
Upcoming Dividend • May 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €35.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.29 per share.
New Risk • Apr 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk High level of debt (57% net debt to equity).
Buy Or Sell Opportunity • Jul 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €42.60. The fair value is estimated to be €35.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €42.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.62 per share.
Reported Earnings • May 18First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €109.2m (up 19% from 1Q 2025). Net income: €5.73m (up 3.6% from 1Q 2025). Profit margin: 5.2% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom.
Upcoming Dividend • May 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €35.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.29 per share.
New Risk • Apr 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk High level of debt (57% net debt to equity).
Buy Or Sell Opportunity • Mar 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to €28.55. The fair value is estimated to be €36.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
お知らせ • Mar 23TXT e-solutions S.p.A., Annual General Meeting, Apr 29, 2026TXT e-solutions S.p.A., Annual General Meeting, Apr 29, 2026, at 10:00 W. Europe Standard Time.
Declared Dividend • Mar 19Dividend increased to €0.35Dividend of €0.35 is 40% higher than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 24%.
お知らせ • Mar 17TXT e-solutions S.p.A. announces Annual dividend, payable on May 20, 2026TXT e-solutions S.p.A. announced Annual dividend of EUR 0.3500 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: €1.83 (vs €1.24 in FY 2024)Full year 2025 results: EPS: €1.83 (up from €1.24 in FY 2024). Revenue: €394.3m (up 30% from FY 2024). Net income: €23.3m (up 47% from FY 2024). Profit margin: 5.9% (up from 5.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €28.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.46 per share.
Buy Or Sell Opportunity • Feb 03Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to €26.50. The fair value is estimated to be €34.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.
Board Change • Jan 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 Director Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 14+ 4 more updatesTXT e-solutions S.p.A. to Report Fiscal Year 2025 Final Results on Mar 12, 2026TXT e-solutions S.p.A. announced that they will report fiscal year 2025 final results on Mar 12, 2026
Board Change • Dec 19Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Nov 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% 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 (14% operating cash flow to total debt). Shares are highly illiquid.
Buy Or Sell Opportunity • Nov 17Now 21% undervaluedOver the last 90 days, the stock has risen 2.4% to €31.65. The fair value is estimated to be €40.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 12%.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: €0.35 (vs €0.32 in 3Q 2024)Third quarter 2025 results: EPS: €0.35 (up from €0.32 in 3Q 2024). Revenue: €92.4m (up 14% from 3Q 2024). Net income: €4.41m (up 9.4% from 3Q 2024). Profit margin: 4.8% (down from 5.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Sep 18Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Aug 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% 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 (12% operating cash flow to total debt). Shares are highly illiquid.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: €0.40 (vs €0.33 in 2Q 2024)Second quarter 2025 results: EPS: €0.40 (up from €0.33 in 2Q 2024). Revenue: €96.9m (up 36% from 2Q 2024). Net income: €5.00m (up 30% from 2Q 2024). Profit margin: 5.2% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Jul 17Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jun 24Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 16First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €92.2m (up 37% from 1Q 2024). Net income: €5.53m (up 35% from 1Q 2024). Profit margin: 6.0% (down from 6.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Software industry in the United Kingdom.
Upcoming Dividend • May 12Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.8%).
Buy Or Sell Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €29.20. The fair value is estimated to be €37.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
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: 16% 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. This is currently the only risk that has been identified for the company.
お知らせ • Apr 03TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of It Values Srl.TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire It Values Srl for €17.5 million on March 5, 2025. As part of the acquisition, TXT e-solutions S.p.A. will acquire 100% stake in It Values Srl. The consideration consists of €12 million in cash, €3 million will be paid in TXT e-solutions S.p.A. shares and maximum earn-out value €2.5 million For the period ended December 31, 2024, It Values Srl has an adjusted EBITDA of €2.5 million. The board of directors of TXT e-solutions S.p.A. has unanimously approved the transaction. The transaction is expected to close by April 1, 2025. Marco Morfino of Clearwater International acted as financial advisor to TXT e-solutions S.p.A. Marcello Priori of Studio PRIORI acted as financial advisor to It Values Srl. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of It Values Srl on April 1, 2025. TXT will consolidate IT Values' results within its Smart Solutions division starting from April 1, 2025. The selling shareholders, currently directors and managers of IT Values, will remain with the company.
Declared Dividend • Mar 24Dividend of €0.25 announcedDividend of €0.25 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.7%.
お知らせ • Mar 19TXT e-solutions S.p.A. announces Annual dividend, payable on May 21, 2025TXT e-solutions S.p.A. announced Annual dividend of EUR 0.2500 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
Reported Earnings • Mar 16Full year 2024 earnings released: EPS: €1.32 (vs €1.33 in FY 2023)Full year 2024 results: EPS: €1.32. Revenue: €304.5m (up 36% from FY 2023). Net income: €15.9m (up 2.6% from FY 2023). Profit margin: 5.2% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom.
Board Change • Mar 06Less 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 Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 01+ 4 more updatesTXT e-solutions S.p.A. to Report Fiscal Year 2024 Final Results on Mar 14, 2025TXT e-solutions S.p.A. announced that they will report fiscal year 2024 final results on Mar 14, 2025
New Risk • Nov 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 (13% operating cash flow to total debt). Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding).
Reported Earnings • Nov 16Third quarter 2024 earnings released: EPS: €0.34 (vs €0.26 in 3Q 2023)Third quarter 2024 results: EPS: €0.34 (up from €0.26 in 3Q 2023). Revenue: €81.4m (up 56% from 3Q 2023). Net income: €4.02m (up 33% from 3Q 2023). Profit margin: 4.9% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Sep 17New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid.
Reported Earnings • Sep 11Second quarter 2024 earnings released: EPS: €0.33 (vs €0.33 in 2Q 2023)Second quarter 2024 results: EPS: €0.33 (in line with 2Q 2023). Revenue: €71.1m (up 29% from 2Q 2023). Net income: €3.85m (flat on 2Q 2023). Profit margin: 5.4% (down from 7.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom.
お知らせ • Jul 10TXT e-solutions S.p.A. (BIT:TXT) acquired an additional 20% stake in ProSim Aviation Research B.V.TXT e-solutions S.p.A. (BIT:TXT) exercised an option to acquire an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024. As a result of which TXT holds a majority stake in ProSim-TS amounting to 60% of its capital. TXT will consolidate the results of ProSim-TS starting from July 1, 2024. Following the option exercised by TXT today, the investment agreement includes further Put/Call options expiring upon approval of the financial statements closing on December 31, 2025, under which TXT will acquire the remaining 40% of ProSim-TS, with additional earn-outs for the selling shareholders. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024.
お知らせ • Jul 02TXT e-solutions S.p.A. acquired Refine Direct Srl for €21.8 million.TXT e-solutions S.p.A. acquired Refine Direct Srl for €21.8 million on July 1, 2024. The transaction is expected to be closed on July 1, 2024. The consideration will be paid in cash of which €12.1 million was paid in cash and €9.7 million was paid through the issuance of TXT e-solutions S.p.A. shares. The transaction has been approved by the board of directors of TXT e-solutions. As of year ended 2023, Refine's reported revenues of €16.7 million and EBITDA of €3.4 million.TXT e-solutions S.p.A. completed the acquisition of Refine Direct Srl on July 1, 2024.
お知らせ • Jun 28TXT e-solutions S.p.A. (BIT:TXT) acquired Imille Srl and Uasabi Srl for €8.5 million.TXT e-solutions S.p.A. (BIT:TXT) acquired Imille Srl and Uasabi Srl for €8.5 million on June 26, 2024. The base consideration paid at closing for the acquisition of 100% of the I MILLE Group, net of earn-outs, claw-back provisions, and the Net Financial Position, which will be settled in cash, has been agreed upon by the parties at €8.5 million. Of this amount, €7.1 million (84%) was paid in cash, and €1.4 million (16%) was settled through the issuance of TXT e-solutions S.p.A. shares, transferred at a price corresponding to the average share price over the 30 trading days preceding the closing date, which was €24.13 per share. The Net Financial Position at closing will be settled in cash. The selling shareholders, who are currently directors and managers of the I MILLE Group, will remain with the company. The share purchase agreement includes retention clauses, claw-back provisions, earn-out arrangements, and bonuses in their favour, with deadlines distributed from the approval date of the I MILLE Group's 2024 financial statements until the approval date of the I MILLE Group's financial statements ending December 31, 2026. These payments will be contingent upon revenue and EBITDA growth targets as reflected in the I MILLE Group's industrial plans, which are jointly agreed upon by TXT and the selling shareholders. In 2023, the consolidated sales revenues of the I MILLE Group amounted to €11.6 million (+12.8% compared to 2022), with EBITDA of approximately €1.6 million. TXT will consolidate their results within its Digital Advisory division starting from June 26, 2024.The acquisition of the I MILLE Group was unanimously approved by the Board of Directors of TXT.TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of Imille Srl and Uasabi Srl on June 26, 2024.
New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
Board Change • Jun 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Paolo Mandelli was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: €0.35 (vs €0.24 in 1Q 2023)First quarter 2024 results: EPS: €0.35 (up from €0.24 in 1Q 2023). Revenue: €67.1m (up 28% from 1Q 2023). Net income: €4.11m (up 41% from 1Q 2023). Profit margin: 6.1% (up from 5.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom.
Board Change • May 08High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Declared Dividend • Mar 25Dividend increased to €0.25Dividend of €0.25 is 39% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 19%.
Board Change • Mar 22High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 16Full year 2023 earnings released: EPS: €1.33 (vs €1.01 in FY 2022)Full year 2023 results: EPS: €1.33 (up from €1.01 in FY 2022). Revenue: €224.4m (up 49% from FY 2022). Net income: €15.5m (up 29% from FY 2022). Profit margin: 6.9% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year and the company’s share price has also increased by 45% per year.
お知らせ • Mar 15TXT e-solutions S.p.A., Annual General Meeting, Apr 24, 2024TXT e-solutions S.p.A., Annual General Meeting, Apr 24, 2024, at 10:00 Central European Standard Time.
Board Change • Mar 04High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Feb 08High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jan 12+ 3 more updatesTXT e-solutions S.p.A. to Report Q1, 2024 Results on May 15, 2024TXT e-solutions S.p.A. announced that they will report Q1, 2024 results on May 15, 2024
Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €19.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 30x in the Software industry in the United Kingdom. Total returns to shareholders of 56% over the past year.
お知らせ • Dec 06TXT e-solutions S.p.A. (BIT:TXT) acquired FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro.TXT e-solutions S.p.A. (BIT:TXT) signed a contract to acquire FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro for €7 million on December 4, 2023. The agreed base consideration for the acquisition of 100% of FastCode paid at the closing, net of the earn-outs and claw-back outlined below, was set at €5.0 million. The initial earn-out clause concludes upon the approval of FastCode's financial statements as of December 31, 2023, with an estimated amount exceeding €2 million. The second earn-out clause concludes upon the approval of FastCode's 2027 financial statements, contingent on meeting growth targets. Gianni Mancini and Massimiliano Saponaro will their positions. The acquisition of FastCode received unanimous approval from TXT's Board of Directors. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro on December 4, 2023.
Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: €0.26 (vs €0.15 in 3Q 2022)Third quarter 2023 results: EPS: €0.26 (up from €0.15 in 3Q 2022). Revenue: €52.1m (up 74% from 3Q 2022). Net income: €3.01m (up 66% from 3Q 2022). Profit margin: 5.8% (down from 6.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.33 (vs €0.13 in 2Q 2022)Second quarter 2023 results: EPS: €0.33 (up from €0.13 in 2Q 2022). Revenue: €55.0m (up 72% from 2Q 2022). Net income: €3.88m (up 165% from 2Q 2022). Profit margin: 7.0% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 30First quarter 2023 earnings released: EPS: €0.24 (vs €0.18 in 1Q 2022)First quarter 2023 results: EPS: €0.24 (up from €0.18 in 1Q 2022). Revenue: €52.3m (up 71% from 1Q 2022). Net income: €2.91m (up 41% from 1Q 2022). Profit margin: 5.6% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Board Change • May 22High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Chairman Enrico Magni is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • May 15Upcoming dividend of €0.18 per share at 0.9% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.8%).
Reported Earnings • May 14First quarter 2023 earnings released: EPS: €0.24 (vs €0.18 in 1Q 2022)First quarter 2023 results: EPS: €0.24 (up from €0.18 in 1Q 2022). Revenue: €52.3m (up 71% from 1Q 2022). Net income: €2.91m (up 41% from 1Q 2022). Profit margin: 5.6% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 09Full year 2022 earnings released: EPS: €1.01 (vs €0.67 in FY 2021)Full year 2022 results: EPS: €1.01 (up from €0.67 in FY 2021). Revenue: €150.8m (up 56% from FY 2021). Net income: €12.0m (up 52% from FY 2021). Profit margin: 8.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €17.92, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 106% over the past year.
お知らせ • Jan 22+ 4 more updatesTXT e-solutions S.p.A. to Report Q4, 2022 Results on Mar 09, 2023TXT e-solutions S.p.A. announced that they will report Q4, 2022 results on Mar 09, 2023
Board Change • Jan 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Oct 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 15First quarter 2022 earnings released: EPS: €0.18 (vs €0.11 in 1Q 2021)First quarter 2022 results: EPS: €0.18 (up from €0.11 in 1Q 2021). Revenue: €30.5m (up 42% from 1Q 2021). Net income: €2.06m (up 66% from 1Q 2021). Profit margin: 6.7% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the industry in the United Kingdom.
Board Change • May 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 19% share price gain to €9.87, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 33x in the Software industry in the United Kingdom. Total returns to shareholders of 42% over the past year.
Reported Earnings • Mar 16Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.67 (up from €0.38 in FY 2020). Revenue: €96.4m (up 40% from FY 2020). Net income: €7.84m (up 75% from FY 2020). Profit margin: 8.1% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 6.9%, compared to a 29% growth forecast for the industry in the United Kingdom.
Board Change • Jan 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Standing Auditor Luisa Cameretti is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.17 (vs €0.067 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €23.0m (up 47% from 3Q 2020). Net income: €2.06m (up 160% from 3Q 2020). Profit margin: 8.9% (up from 5.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 12High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Standing Auditor Luisa Cameretti is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Oct 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman Enrico Magni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman Enrico Magni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to €8.21, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 34x in the Software industry in the United Kingdom. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.27 per share.
Analyst Estimate Surprise Post Earnings • Mar 11Revenue beats expectationsRevenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 23%, compared to a 9.3% growth forecast for the Software industry in the United Kingdom.
Reported Earnings • Mar 10Full year 2020 earnings released: EPS €0.38 (vs €0.027 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €68.8m (up 16% from FY 2019). Net income: €4.47m (up €4.16m from FY 2019). Profit margin: 6.5% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
