View ValuationSpan d.d 将来の成長Future 基準チェック /06現在、 Span d.dの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率IT 収益成長13.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a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 updates分析記事 • May 07Earnings Troubles May Signal Larger Issues for Span d.d (ZGSE:SPAN) ShareholdersThe subdued market reaction suggests that Span d.d.'s ( ZGSE:SPAN ) recent earnings didn't contain any surprises. Our...お知らせ • May 07Mladen Amidžic signed an agreement to acquire 30% stake in TRILIX d.o.o. from Span d.d. (ZGSE:SPAN).Mladen Amidžic signed an agreement to acquire 30% stake in TRILIX d.o.o. from Span d.d. (ZGSE:SPAN) on April 30, 2026. Span d.d. signed agreements on the transfer and sale of a total of 90% of the business shares in the subsidiary Trilix d.o.o. were signed. One agreement covers the sale of 60% of the shares to Trilix d.o.o., while the other agreement covers the sale of 30% of the shares to Mladen Amidžic.Reported Earnings • May 05First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €65.3m (up 6.5% from 1Q 2025). Net income: €1.48m (down 45% from 1Q 2025). Profit margin: 2.3% (down from 4.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Declared Dividend • May 03Dividend increased to €1.35Dividend of €1.35 is 69% higher than last year. Ex-date: 24th June 2026 Payment date: 3rd July 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 02Span d.d. announces Annual dividend, payable on July 03, 2026Span d.d. announced Annual dividend of EUR 1.3500 per share payable on July 03, 2026, ex-date on June 24, 2026 and record date on June 25, 2026.Reported Earnings • Mar 06Full year 2025 earnings releasedFull year 2025 results: Revenue: €232.2m (up 29% from FY 2024). Net income: €5.76m (up 69% from FY 2024). Profit margin: 2.5% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the IT industry in Europe.Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €63.4m (up 27% from 3Q 2024). Net income: €1.45m (up 106% from 3Q 2024). Profit margin: 2.3% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Europe.お知らせ • Oct 27Span d.d. to Report Q3, 2025 Results on Oct 27, 2025Span d.d. announced that they will report Q3, 2025 results on Oct 27, 2025Reported Earnings • Aug 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €56.3m (up 3.9% from 2Q 2024). Net income: €2.26m (up 148% from 2Q 2024). Profit margin: 4.0% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 09Upcoming dividend of €0.80 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Croatian dividend payers (4.7%). Lower than average of industry peers (2.4%).分析記事 • May 09We Think Span d.d's (ZGSE:SPAN) Profit Is Only A Baseline For What They Can AchieveSpan d.d. ( ZGSE:SPAN ) recently posted some strong earnings, and the market responded positively. We have done some...Reported Earnings • May 05First quarter 2025 earnings released: EPS: €1.37 (vs €0.71 in 1Q 2024)First quarter 2025 results: EPS: €1.37 (up from €0.71 in 1Q 2024). Revenue: €61.1m (up 80% from 1Q 2024). Net income: €2.68m (up 94% from 1Q 2024). Profit margin: 4.4% (up from 4.1% in 1Q 2024). The increase in margin was driven by higher revenue.Declared Dividend • May 02Dividend increased to €0.80Dividend of €0.80 is 167% higher than last year. Ex-date: 16th June 2025 Payment date: 1st July 2025 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 5%.お知らせ • May 01Span d.d. announces Annual dividend, payable on July 01, 2025Span d.d. announced Annual dividend of EUR 0.8000 per share payable on July 01, 2025, ex-date on June 16, 2025 and record date on June 17, 2025.お知らせ • Apr 25Span d.d. to Report Fiscal Year 2024 Final Results on Apr 30, 2025Span d.d. announced that they will report fiscal year 2024 final results on Apr 30, 2025分析記事 • Apr 08The Return Trends At Span d.d (ZGSE:SPAN) Look PromisingWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...New Risk • Apr 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.6m (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.New Risk • Mar 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 3.0% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 02Full year 2024 earnings releasedFull year 2024 results: Revenue: €182.0m (up 27% from FY 2023). Net income: €3.36m (up 193% from FY 2023). Profit margin: 1.8% (up from 0.8% in FY 2023). The increase in margin was driven by higher revenue.お知らせ • Feb 24Span d.d. to Report Fiscal Year 2024 Results on Feb 28, 2025Span d.d. announced that they will report fiscal year 2024 results on Feb 28, 2025New Risk • Nov 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €92.7m (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€92.7m market cap, or US$97.5m).分析記事 • Nov 07Span d.d's (ZGSE:SPAN) Soft Earnings Don't Show The Whole PictureInvestors were disappointed with the weak earnings posted by Span d.d. ( ZGSE:SPAN ). While the headline numbers were...Reported Earnings • Nov 02Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €49.9m (up 18% from 3Q 2023). Net income: €702.2k (up 120% from 3Q 2023). Profit margin: 1.4% (up from 0.8% in 3Q 2023). The increase in margin was driven by higher revenue.お知らせ • Oct 25Span d.d. to Report Nine Months, 2024 Results on Oct 31, 2024Span d.d. announced that they will report nine months, 2024 results on Oct 31, 2024Reported Earnings • Aug 01Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €54.7m (up 47% from 2Q 2023). Net income: €912.8k (up 179% from 2Q 2023). Profit margin: 1.7% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue.New Risk • Jul 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Croatian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin).Upcoming Dividend • Jun 14Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 21 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Croatian dividend payers (4.4%). Higher than average of industry peers (2.2%).Reported Earnings • May 01First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €34.8m (up 36% from 1Q 2023). Net income: €1.38m (down 26% from 1Q 2023). Profit margin: 4.0% (down from 7.3% in 1Q 2023). The decrease in margin was driven by higher expenses.New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €89.8m (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (€89.8m market cap, or US$97.5m).Reported Earnings • Mar 04Full year 2023 earnings releasedFull year 2023 results: Revenue: Kn144.3m (down 83% from FY 2022). Net income: Kn1.14m (down 98% from FY 2022). Profit margin: 0.8% (down from 6.0% in FY 2022). The decrease in margin was driven by lower revenue.New Risk • Nov 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€83.4m market cap, or US$89.4m).Reported Earnings • Nov 06Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.17. Revenue: €42.2m (up 30% from 3Q 2022). Net income: €319.6k (down 84% from 3Q 2022). Profit margin: 0.8% (down from 6.1% in 3Q 2022). The decrease in margin was driven by higher expenses.New Risk • Oct 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€94.1m market cap, or US$99.1m).Valuation Update With 7 Day Price Move • Aug 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €55.00, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 19x in the IT industry in Europe. Total returns to shareholders of 64% over the past year.New Risk • Aug 03New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 2.0% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 03Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: €0.17. Revenue: €37.3m (up 27% from 2Q 2022). Net income: €327.7k (down 68% from 2Q 2022). Profit margin: 0.9% (down from 3.4% in 2Q 2022). The decrease in margin was driven by higher expenses.分析記事 • Jul 11Estimating The Intrinsic Value Of Span d.d. (ZGSE:SPAN)Key Insights Span d.d's estimated fair value is €77.37 based on 2 Stage Free Cash Flow to Equity With €68.60 share...Buying Opportunity • Jul 06Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €76.83, 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 year. Earnings per share has grown by 31%.Buying Opportunity • Jun 17Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €76.98, 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 year. Earnings per share has grown by 31%.Upcoming Dividend • Jun 12Upcoming dividend of €1.33 per share at 1.1% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Croatian dividend payers (4.3%). Lower than average of industry peers (2.3%).分析記事 • Mar 08Many Would Be Envious Of SPAN d.d's (ZGSE:SPAN) Excellent Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Reported Earnings • Mar 03Full year 2022 earnings releasedFull year 2022 results: Revenue: Kn867.2m (up 13% from FY 2021). Net income: Kn50.2m (up 112% from FY 2021). Profit margin: 5.8% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €45.00, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 21x in the IT industry in Europe. Total returns to shareholders of 60% over the past year.分析記事 • Dec 09Fewer Investors Than Expected Jumping On SPAN d.d. (ZGSE:SPAN)With a price-to-earnings (or "P/E") ratio of 10.9x SPAN d.d. ( ZGSE:SPAN ) may be sending bullish signals at the...Reported Earnings • Nov 02Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: Kn245.0m (up 26% from 3Q 2021). Net income: Kn14.8m (up 105% from 3Q 2021). Profit margin: 6.1% (up from 3.7% in 3Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Aug 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: Kn222.7m (down 14% from 2Q 2021). Net income: Kn7.62m (up Kn7.23m from 2Q 2021). Profit margin: 3.4% (up from 0.2% in 2Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • May 01First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: Kn185.9m (up 3.1% from 1Q 2021). Net income: Kn17.5m (up 460% from 1Q 2021). Profit margin: 9.4% (up from 1.7% in 1Q 2021). The increase in margin was primarily driven by lower expenses.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to Kn214, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 21x in the IT industry in Europe.分析記事 • Mar 08SPAN d.d's (ZGSE:SPAN) Robust Earnings Are Supported By Other Strong FactorsThe subdued stock price reaction suggests that SPAN d.d.'s ( ZGSE:SPAN ) strong earnings didn't offer any surprises...Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to Kn245, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 26x in the IT industry in Europe. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Span d.d は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測ZGSE:SPAN - 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3/31/2026235502N/A12/31/2025231657N/A9/30/2025223778N/A6/30/2025209656N/A3/31/2025207578N/A12/31/202418031112N/A9/30/2024175257N/A6/30/2024168124N/A3/31/2024151147N/A12/31/2023143136N/A9/30/20231294-12N/A6/30/2023119679N/A3/31/20231116911N/A12/31/20221107810N/A9/30/202211161012N/A6/30/202210451011N/A3/31/2022108467N/A12/31/2021102377N/A9/30/2021102289N/A6/30/202191256N/A3/31/202177267N/A12/31/202081166N/A12/31/2019630N/A0N/A12/31/2018531N/A2N/A12/31/2017471N/A1N/A12/31/2016391N/A0N/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: SPANの予測収益成長が 貯蓄率 ( 2.9% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: SPANの収益がHR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: SPANの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: SPANの収益がHR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: SPANの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。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: SPANの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 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2026/05/19 13:32終値2026/05/19 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Span d.d. 0 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。1 アナリスト機関Marin OrelInterCapital Securities Ltd.
分析記事 • May 07Earnings Troubles May Signal Larger Issues for Span d.d (ZGSE:SPAN) ShareholdersThe subdued market reaction suggests that Span d.d.'s ( ZGSE:SPAN ) recent earnings didn't contain any surprises. Our...
お知らせ • May 07Mladen Amidžic signed an agreement to acquire 30% stake in TRILIX d.o.o. from Span d.d. (ZGSE:SPAN).Mladen Amidžic signed an agreement to acquire 30% stake in TRILIX d.o.o. from Span d.d. (ZGSE:SPAN) on April 30, 2026. Span d.d. signed agreements on the transfer and sale of a total of 90% of the business shares in the subsidiary Trilix d.o.o. were signed. One agreement covers the sale of 60% of the shares to Trilix d.o.o., while the other agreement covers the sale of 30% of the shares to Mladen Amidžic.
Reported Earnings • May 05First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €65.3m (up 6.5% from 1Q 2025). Net income: €1.48m (down 45% from 1Q 2025). Profit margin: 2.3% (down from 4.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Declared Dividend • May 03Dividend increased to €1.35Dividend of €1.35 is 69% higher than last year. Ex-date: 24th June 2026 Payment date: 3rd July 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 02Span d.d. announces Annual dividend, payable on July 03, 2026Span d.d. announced Annual dividend of EUR 1.3500 per share payable on July 03, 2026, ex-date on June 24, 2026 and record date on June 25, 2026.
Reported Earnings • Mar 06Full year 2025 earnings releasedFull year 2025 results: Revenue: €232.2m (up 29% from FY 2024). Net income: €5.76m (up 69% from FY 2024). Profit margin: 2.5% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the IT industry in Europe.
Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €63.4m (up 27% from 3Q 2024). Net income: €1.45m (up 106% from 3Q 2024). Profit margin: 2.3% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Europe.
お知らせ • Oct 27Span d.d. to Report Q3, 2025 Results on Oct 27, 2025Span d.d. announced that they will report Q3, 2025 results on Oct 27, 2025
Reported Earnings • Aug 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €56.3m (up 3.9% from 2Q 2024). Net income: €2.26m (up 148% from 2Q 2024). Profit margin: 4.0% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 09Upcoming dividend of €0.80 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Croatian dividend payers (4.7%). Lower than average of industry peers (2.4%).
分析記事 • May 09We Think Span d.d's (ZGSE:SPAN) Profit Is Only A Baseline For What They Can AchieveSpan d.d. ( ZGSE:SPAN ) recently posted some strong earnings, and the market responded positively. We have done some...
Reported Earnings • May 05First quarter 2025 earnings released: EPS: €1.37 (vs €0.71 in 1Q 2024)First quarter 2025 results: EPS: €1.37 (up from €0.71 in 1Q 2024). Revenue: €61.1m (up 80% from 1Q 2024). Net income: €2.68m (up 94% from 1Q 2024). Profit margin: 4.4% (up from 4.1% in 1Q 2024). The increase in margin was driven by higher revenue.
Declared Dividend • May 02Dividend increased to €0.80Dividend of €0.80 is 167% higher than last year. Ex-date: 16th June 2025 Payment date: 1st July 2025 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 5%.
お知らせ • May 01Span d.d. announces Annual dividend, payable on July 01, 2025Span d.d. announced Annual dividend of EUR 0.8000 per share payable on July 01, 2025, ex-date on June 16, 2025 and record date on June 17, 2025.
お知らせ • Apr 25Span d.d. to Report Fiscal Year 2024 Final Results on Apr 30, 2025Span d.d. announced that they will report fiscal year 2024 final results on Apr 30, 2025
分析記事 • Apr 08The Return Trends At Span d.d (ZGSE:SPAN) Look PromisingWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
New Risk • Apr 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.6m (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
New Risk • Mar 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 3.0% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 02Full year 2024 earnings releasedFull year 2024 results: Revenue: €182.0m (up 27% from FY 2023). Net income: €3.36m (up 193% from FY 2023). Profit margin: 1.8% (up from 0.8% in FY 2023). The increase in margin was driven by higher revenue.
お知らせ • Feb 24Span d.d. to Report Fiscal Year 2024 Results on Feb 28, 2025Span d.d. announced that they will report fiscal year 2024 results on Feb 28, 2025
New Risk • Nov 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €92.7m (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€92.7m market cap, or US$97.5m).
分析記事 • Nov 07Span d.d's (ZGSE:SPAN) Soft Earnings Don't Show The Whole PictureInvestors were disappointed with the weak earnings posted by Span d.d. ( ZGSE:SPAN ). While the headline numbers were...
Reported Earnings • Nov 02Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €49.9m (up 18% from 3Q 2023). Net income: €702.2k (up 120% from 3Q 2023). Profit margin: 1.4% (up from 0.8% in 3Q 2023). The increase in margin was driven by higher revenue.
お知らせ • Oct 25Span d.d. to Report Nine Months, 2024 Results on Oct 31, 2024Span d.d. announced that they will report nine months, 2024 results on Oct 31, 2024
Reported Earnings • Aug 01Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €54.7m (up 47% from 2Q 2023). Net income: €912.8k (up 179% from 2Q 2023). Profit margin: 1.7% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue.
New Risk • Jul 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Croatian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin).
Upcoming Dividend • Jun 14Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 21 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Croatian dividend payers (4.4%). Higher than average of industry peers (2.2%).
Reported Earnings • May 01First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €34.8m (up 36% from 1Q 2023). Net income: €1.38m (down 26% from 1Q 2023). Profit margin: 4.0% (down from 7.3% in 1Q 2023). The decrease in margin was driven by higher expenses.
New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €89.8m (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (€89.8m market cap, or US$97.5m).
Reported Earnings • Mar 04Full year 2023 earnings releasedFull year 2023 results: Revenue: Kn144.3m (down 83% from FY 2022). Net income: Kn1.14m (down 98% from FY 2022). Profit margin: 0.8% (down from 6.0% in FY 2022). The decrease in margin was driven by lower revenue.
New Risk • Nov 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€83.4m market cap, or US$89.4m).
Reported Earnings • Nov 06Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.17. Revenue: €42.2m (up 30% from 3Q 2022). Net income: €319.6k (down 84% from 3Q 2022). Profit margin: 0.8% (down from 6.1% in 3Q 2022). The decrease in margin was driven by higher expenses.
New Risk • Oct 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€94.1m market cap, or US$99.1m).
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €55.00, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 19x in the IT industry in Europe. Total returns to shareholders of 64% over the past year.
New Risk • Aug 03New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 2.0% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 03Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: €0.17. Revenue: €37.3m (up 27% from 2Q 2022). Net income: €327.7k (down 68% from 2Q 2022). Profit margin: 0.9% (down from 3.4% in 2Q 2022). The decrease in margin was driven by higher expenses.
分析記事 • Jul 11Estimating The Intrinsic Value Of Span d.d. (ZGSE:SPAN)Key Insights Span d.d's estimated fair value is €77.37 based on 2 Stage Free Cash Flow to Equity With €68.60 share...
Buying Opportunity • Jul 06Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €76.83, 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 year. Earnings per share has grown by 31%.
Buying Opportunity • Jun 17Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €76.98, 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 year. Earnings per share has grown by 31%.
Upcoming Dividend • Jun 12Upcoming dividend of €1.33 per share at 1.1% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Croatian dividend payers (4.3%). Lower than average of industry peers (2.3%).
分析記事 • Mar 08Many Would Be Envious Of SPAN d.d's (ZGSE:SPAN) Excellent Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Reported Earnings • Mar 03Full year 2022 earnings releasedFull year 2022 results: Revenue: Kn867.2m (up 13% from FY 2021). Net income: Kn50.2m (up 112% from FY 2021). Profit margin: 5.8% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €45.00, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 21x in the IT industry in Europe. Total returns to shareholders of 60% over the past year.
分析記事 • Dec 09Fewer Investors Than Expected Jumping On SPAN d.d. (ZGSE:SPAN)With a price-to-earnings (or "P/E") ratio of 10.9x SPAN d.d. ( ZGSE:SPAN ) may be sending bullish signals at the...
Reported Earnings • Nov 02Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: Kn245.0m (up 26% from 3Q 2021). Net income: Kn14.8m (up 105% from 3Q 2021). Profit margin: 6.1% (up from 3.7% in 3Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: Kn222.7m (down 14% from 2Q 2021). Net income: Kn7.62m (up Kn7.23m from 2Q 2021). Profit margin: 3.4% (up from 0.2% in 2Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • May 01First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: Kn185.9m (up 3.1% from 1Q 2021). Net income: Kn17.5m (up 460% from 1Q 2021). Profit margin: 9.4% (up from 1.7% in 1Q 2021). The increase in margin was primarily driven by lower expenses.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to Kn214, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 21x in the IT industry in Europe.
分析記事 • Mar 08SPAN d.d's (ZGSE:SPAN) Robust Earnings Are Supported By Other Strong FactorsThe subdued stock price reaction suggests that SPAN d.d.'s ( ZGSE:SPAN ) strong earnings didn't offer any surprises...
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to Kn245, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 26x in the IT industry in Europe.