View Past PerformanceIRCE バランスシートの健全性財務の健全性 基準チェック /36IRCEの総株主資本は€162.7M 、総負債は€98.2Mで、負債比率は60.4%となります。総資産と総負債はそれぞれ€327.4Mと€164.7Mです。 IRCEの EBIT は€12.5Mで、利息カバレッジ比率-40です。現金および短期投資は€8.6Mです。主要情報60.36%負債資本比率€98.21m負債インタレスト・カバレッジ・レシオ-40x現金€8.60mエクイティ€162.70m負債合計€164.75m総資産€327.45m財務の健全性に関する最新情報分析記事 • Sep 16Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Sep 15Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Dec 21IRCE (BIT:IRC) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updates分析記事 • May 27Solid Earnings May Not Tell The Whole Story For IRCE (BIT:IRC)IRCE S.p.A.'s ( BIT:IRC ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...Upcoming Dividend • May 11Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (0.7%).Major Estimate Revision • Mar 25Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €436.4m to €408.7m. EPS estimate also fell from €0.46 per share to €0.368 per share. Net income forecast to grow 68% next year vs 68% growth forecast for Electrical industry in Italy. Consensus price target down from €3.40 to €2.90. Share price rose 4.2% to €1.97 over the past week.Price Target Changed • Mar 24Price target decreased by 9.4% to €2.90Down from €3.20, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €1.95. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.23 last year.お知らせ • Mar 23IRCE S.p.A., Annual General Meeting, Apr 30, 2026IRCE S.p.A., Annual General Meeting, Apr 30, 2026, at 11:00 W. Europe Standard Time.Declared Dividend • Mar 19Dividend of €0.06 announcedDividend of €0.06 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: €0.23 (down from €0.26 in FY 2024). Revenue: €381.1m (down 4.5% from FY 2024). Net income: €6.18m (down 11% from FY 2024). Profit margin: 1.6% (down from 1.7% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Mar 18IRCE S.p.A. announces Annual dividend, payable on May 20, 2026IRCE S.p.A. announced Annual dividend of EUR 0.0600 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€50.3m market cap, or US$58.1m).お知らせ • Jan 06+ 3 more updatesIRCE S.p.A. to Report Nine Months, 2026 Results on Nov 13, 2026IRCE S.p.A. announced that they will report nine months, 2026 results on Nov 13, 2026Price Target Changed • Nov 25Price target increased by 9.7% to €3.40Up from €3.10, the current price target is provided by 1 analyst. New target price is 60% above last closing price of €2.12. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.26 last year.分析記事 • Nov 24We Think That There Are More Issues For IRCE (BIT:IRC) Than Just Sluggish EarningsA lackluster earnings announcement from IRCE S.p.A. ( BIT:IRC ) last week didn't sink the stock price. However, we...New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€54.7m market cap, or US$63.0m).Reported Earnings • Nov 20Third quarter 2025 earnings released: EPS: €0.053 (vs €0.086 in 3Q 2024)Third quarter 2025 results: EPS: €0.053 (down from €0.086 in 3Q 2024). Revenue: €83.2m (down 15% from 3Q 2024). Net income: €1.40m (down 38% from 3Q 2024). Profit margin: 1.7% (down from 2.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Oct 09Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €436.5m to €395.2m. EPS estimate also fell from €0.333 per share to €0.288 per share. Net income forecast to grow 80% next year vs 68% growth forecast for Electrical industry in Italy. Consensus price target of €3.20 unchanged from last update. Share price rose 6.0% to €2.29 over the past week.Reported Earnings • Sep 15Second quarter 2025 earnings released: EPS: €0.07 (vs €0.098 in 2Q 2024)Second quarter 2025 results: EPS: €0.07 (down from €0.098 in 2Q 2024). Revenue: €102.1m (down 5.9% from 2Q 2024). Net income: €1.86m (down 28% from 2Q 2024). Profit margin: 1.8% (down from 2.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • May 16First quarter 2025 earnings released: EPS: €0.074 (vs €0.085 in 1Q 2024)First quarter 2025 results: EPS: €0.074 (down from €0.085 in 1Q 2024). Revenue: €103.4m (up 2.9% from 1Q 2024). Net income: €1.95m (down 13% from 1Q 2024). Profit margin: 1.9% (down from 2.2% in 1Q 2024). 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 6.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.Upcoming Dividend • May 12Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (2.1%).Reported Earnings • Apr 06Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: €0.26 (down from €0.31 in FY 2023). Revenue: €398.9m (down 1.2% from FY 2023). Net income: €6.90m (down 16% from FY 2023). Profit margin: 1.7% (down from 2.0% in FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Mar 20IRCE S.p.A., Annual General Meeting, Apr 28, 2025IRCE S.p.A., Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time.分析記事 • Mar 20IRCE's (BIT:IRC) Dividend Will Be €0.06The board of IRCE S.p.A. ( BIT:IRC ) has announced that it will pay a dividend on the 21st of May, with investors...Declared Dividend • Mar 19Dividend of €0.06 announcedDividend of €0.06 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.お知らせ • Mar 18IRCE S.p.A. announces Annual dividend, payable on May 21, 2025IRCE S.p.A. announced Annual dividend of EUR 0.0600 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.086 (vs €0.061 in 3Q 2023)Third quarter 2024 results: EPS: €0.086 (up from €0.061 in 3Q 2023). Revenue: €98.2m (up 6.0% from 3Q 2023). Net income: €2.27m (up 41% from 3Q 2023). Profit margin: 2.3% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Sep 15Second quarter 2024 earnings released: EPS: €0.098 (vs €0.09 in 2Q 2023)Second quarter 2024 results: EPS: €0.098 (up from €0.09 in 2Q 2023). Revenue: €108.6m (up 2.5% from 2Q 2023). Net income: €2.60m (up 9.4% from 2Q 2023). Profit margin: 2.4% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.085 (vs €0.097 in 1Q 2023)First quarter 2024 results: EPS: €0.085 (down from €0.097 in 1Q 2023). Revenue: €100.5m (down 11% from 1Q 2023). Net income: €2.25m (down 13% from 1Q 2023). Profit margin: 2.2% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 13Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%).分析記事 • Mar 23There May Be Some Bright Spots In IRCE's (BIT:IRC) EarningsThe market for IRCE S.p.A.'s ( BIT:IRC ) shares didn't move much after it posted weak earnings recently. Our analysis...Declared Dividend • Mar 21Dividend of €0.06 announcedShareholders will receive a dividend of €0.06. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Mar 21Price target increased by 36% to €3.00Up from €2.20, the current price target is provided by 1 analyst. New target price is 54% above last closing price of €1.95. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.30 for next year compared to €0.31 last year.Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.31 (down from €0.35 in FY 2022). Revenue: €404.5m (down 12% from FY 2022). Net income: €8.23m (down 11% from FY 2022). Profit margin: 2.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Mar 09+ 4 more updatesIRCE S.p.A. to Report Nine Months, 2024 Results on Nov 14, 2024IRCE S.p.A. announced that they will report nine months, 2024 results on Nov 14, 2024Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.061 (vs €0.03 in 3Q 2022)Third quarter 2023 results: EPS: €0.061 (up from €0.03 in 3Q 2022). Revenue: €93.0m (down 12% from 3Q 2022). Net income: €1.61m (up 101% from 3Q 2022). Profit margin: 1.7% (up from 0.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 28Price target decreased by 12% to €2.20Down from €2.50, the current price target is provided by 1 analyst. New target price is 10% above last closing price of €2.00. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of €0.32 for next year compared to €0.35 last year.分析記事 • Sep 16Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Sep 14Second quarter 2023 earnings released: EPS: €0.09 (vs €0.096 in 2Q 2022)Second quarter 2023 results: EPS: €0.09 (down from €0.096 in 2Q 2022). Revenue: €106.2m (down 22% from 2Q 2022). Net income: €2.38m (down 6.7% from 2Q 2022). Profit margin: 2.2% (up from 1.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.097 (vs €0.062 in 1Q 2022)First quarter 2023 results: EPS: €0.097 (up from €0.062 in 1Q 2022). Revenue: €113.4m (down 10% from 1Q 2022). Net income: €2.57m (up 56% from 1Q 2022). Profit margin: 2.3% (up from 1.3% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 15Upcoming dividend of €0.06 per share at 2.4% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.1%).分析記事 • Apr 05IRCE's (BIT:IRC) Dividend Will Be Increased To €0.06IRCE S.p.A. ( BIT:IRC ) has announced that it will be increasing its dividend from last year's comparable payment on...Major Estimate Revision • Mar 22Consensus revenue estimates decrease by 10%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €460.4m to €414.0m. EPS estimate increased from €0.21 to €0.31 per share. Net income forecast to shrink 6.7% next year vs 8.4% growth forecast for Electrical industry in Italy . Consensus price target up from €2.10 to €2.50. Share price rose 3.5% to €2.38 over the past week.分析記事 • Mar 19IRCE's (BIT:IRC) Upcoming Dividend Will Be Larger Than Last Year'sIRCE S.p.A. ( BIT:IRC ) has announced that it will be increasing its periodic dividend on the 24th of May to €0.06...Reported Earnings • Mar 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: €0.35 (down from €0.35 in FY 2021). Revenue: €459.6m (flat on FY 2021). Net income: €9.22m (down 1.6% from FY 2021). Profit margin: 2.0% (in line with FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Electrical industry in Italy are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 17Price target increased by 14% to €2.50Up from €2.20, the current price target is provided by 1 analyst. New target price is 9.2% above last closing price of €2.29. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.35 last year.分析記事 • Jan 21IRCE's (BIT:IRC) Returns On Capital Tell Us There Is Reason To Feel UneasyWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...お知らせ • Jan 06+ 4 more updatesIRCE S.p.A., Annual General Meeting, Apr 28, 2023IRCE S.p.A., Annual General Meeting, Apr 28, 2023.Price Target Changed • Nov 16Price target decreased to €2.20Down from €2.90, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of €2.03. Stock is down 35% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.35 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Oct 05Consensus EPS estimates fall by 58%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €482.4m to €447.0m. EPS estimate also fell from €0.24 per share to €0.10 per share. Net income forecast to shrink 36% next year vs 22% growth forecast for Electrical industry in Italy . Consensus price target down from €2.90 to €2.20. Share price was steady at €2.11 over the past week.Reported Earnings • Sep 18Second quarter 2022 earnings released: EPS: €0.096 (vs €0.13 in 2Q 2021)Second quarter 2022 results: EPS: €0.096 (down from €0.13 in 2Q 2021). Revenue: €136.2m (up 9.3% from 2Q 2021). Net income: €2.55m (down 23% from 2Q 2021). Profit margin: 1.9% (down from 2.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 16Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (4.7%). In line with average of industry peers (2.1%).Reported Earnings • May 13First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.063 (down from €0.13 in 1Q 2021). Revenue: €126.4m (up 22% from 1Q 2021). Net income: €1.65m (down 51% from 1Q 2021). Profit margin: 1.3% (down from 3.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 1.2%, compared to a 10% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 28IRCE's (BIT:IRC) Dividend Will Be Increased To €0.05The board of IRCE S.p.A. ( BIT:IRC ) has announced that it will be increasing its dividend on the 25th of May to €0.05...Price Target Changed • Apr 27Price target decreased to €2.90Down from €3.20, the current price target is provided by 1 analyst. New target price is 15% above last closing price of €2.53. Stock is up 11% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.35 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Mar 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €421.2m to €482.4m. EPS estimate fell from €0.39 to €0.24. Net income forecast to grow 18% next year vs 18% growth forecast for Electrical industry in Italy. Consensus price target down from €3.53 to €3.20. Share price was steady at €2.78 over the past week.分析記事 • Mar 19IRCE's (BIT:IRC) Upcoming Dividend Will Be Larger Than Last Year'sIRCE S.p.A. ( BIT:IRC ) will increase its dividend on the 25th of May to €0.05, which is 67% higher than last year...Reported Earnings • Mar 18Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.35 (up from €0.10 in FY 2020). Revenue: €457.7m (up 55% from FY 2020). Net income: €9.38m (up 244% from FY 2020). Profit margin: 2.0% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is expected to shrink by 8.0% compared to a 11% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €2.48, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Electrical industry in Europe. Total returns to shareholders of 14% over the past three years.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS €0.084 (vs €0.041 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €113.2m (up 63% from 3Q 2020). Net income: €2.23m (up 107% from 3Q 2020). Profit margin: 2.0% (up from 1.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 18Second quarter 2021 earnings released: EPS €0.13 (vs €0.016 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €124.6m (up 109% from 2Q 2020). Net income: €3.31m (up €2.88m from 2Q 2020). Profit margin: 2.7% (up from 0.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Sep 15Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • May 19First quarter 2021 earnings released: EPS €0.13 (vs €0.033 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.8m (up 34% from 1Q 2020). Net income: €3.34m (up €4.20m from 1Q 2020). Profit margin: 3.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.73, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Electrical industry in Europe. Total returns to shareholders of 5.5% over the past three years.Upcoming Dividend • May 17Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (3.8%). Lower than average of industry peers (1.9%).分析記事 • May 03There's Been No Shortage Of Growth Recently For IRCE's (BIT:IRC) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electrical industry in Europe. Total loss to shareholders of 9.9% over the past three years.分析記事 • Apr 08Is IRCE S.p.A. (BIT:IRC) Potentially Undervalued?IRCE S.p.A. ( BIT:IRC ), might not be a large cap stock, but it led the BIT gainers with a relatively large price hike...Reported Earnings • Mar 18Full year 2020 earnings released: EPS €0.10 (vs €0.073 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €296.1m (down 5.3% from FY 2019). Net income: €2.73m (up 40% from FY 2019). Profit margin: 0.9% (up from 0.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.分析記事 • Mar 02How Much Did IRCE's(BIT:IRC) Shareholders Earn From Share Price Movements Over The Last Three Years?While not a mind-blowing move, it is good to see that the IRCE S.p.A. ( BIT:IRC ) share price has gained 24% in the...Is New 90 Day High Low • Feb 11New 90-day high: €1.79The company is up 17% from its price of €1.52 on 12 November 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 14% over the same period.分析記事 • Dec 21IRCE (BIT:IRC) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Dec 15New 90-day high: €1.69The company is up 13% from its price of €1.49 on 15 September 2020. The Italian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period.分析記事 • Nov 25IRCE's (BIT:IRC) Stock Price Has Reduced 40% In The Past Three YearsIRCE S.p.A. (BIT:IRC) shareholders should be happy to see the share price up 11% in the last month. But that doesn't...Reported Earnings • Nov 18Third quarter 2020 earnings released: EPS €0.041The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €69.3m (down 2.1% from 3Q 2019). Net income: €1.08m (up €1.55m from 3Q 2019). Profit margin: 1.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 05New 90-day low: €1.40The company is down 4.0% from its price of €1.46 on 07 August 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period.Reported Earnings • Sep 21First half earnings releasedOver the last 12 months the company has reported total losses of €1.08m, with earnings decreasing by €4.56m from the prior year. Total revenue was €279.0m over the last 12 months, down 17% from the prior year.財務状況分析短期負債: IRCの 短期資産 ( €221.9M ) が 短期負債 ( €123.7M ) を超えています。長期負債: IRCの短期資産 ( €221.9M ) が 長期負債 ( €41.1M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: IRCの 純負債対資本比率 ( 55.1% ) は 高い と見なされます。負債の削減: IRCの負債対資本比率は、過去 5 年間で53.7%から60.4%に増加しました。債務返済能力: IRCの 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: IRC支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の健全な企業。View Dividend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2026/07/09 21:18終値2026/07/09 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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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IRCE S.p.A. 1 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Arianna TerazziIntesa Sanpaolo Equity Research
分析記事 • Sep 16Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Sep 15Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Dec 21IRCE (BIT:IRC) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • May 27Solid Earnings May Not Tell The Whole Story For IRCE (BIT:IRC)IRCE S.p.A.'s ( BIT:IRC ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...
Upcoming Dividend • May 11Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (0.7%).
Major Estimate Revision • Mar 25Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €436.4m to €408.7m. EPS estimate also fell from €0.46 per share to €0.368 per share. Net income forecast to grow 68% next year vs 68% growth forecast for Electrical industry in Italy. Consensus price target down from €3.40 to €2.90. Share price rose 4.2% to €1.97 over the past week.
Price Target Changed • Mar 24Price target decreased by 9.4% to €2.90Down from €3.20, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €1.95. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.23 last year.
お知らせ • Mar 23IRCE S.p.A., Annual General Meeting, Apr 30, 2026IRCE S.p.A., Annual General Meeting, Apr 30, 2026, at 11:00 W. Europe Standard Time.
Declared Dividend • Mar 19Dividend of €0.06 announcedDividend of €0.06 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: €0.23 (down from €0.26 in FY 2024). Revenue: €381.1m (down 4.5% from FY 2024). Net income: €6.18m (down 11% from FY 2024). Profit margin: 1.6% (down from 1.7% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 18IRCE S.p.A. announces Annual dividend, payable on May 20, 2026IRCE S.p.A. announced Annual dividend of EUR 0.0600 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€50.3m market cap, or US$58.1m).
お知らせ • Jan 06+ 3 more updatesIRCE S.p.A. to Report Nine Months, 2026 Results on Nov 13, 2026IRCE S.p.A. announced that they will report nine months, 2026 results on Nov 13, 2026
Price Target Changed • Nov 25Price target increased by 9.7% to €3.40Up from €3.10, the current price target is provided by 1 analyst. New target price is 60% above last closing price of €2.12. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.26 last year.
分析記事 • Nov 24We Think That There Are More Issues For IRCE (BIT:IRC) Than Just Sluggish EarningsA lackluster earnings announcement from IRCE S.p.A. ( BIT:IRC ) last week didn't sink the stock price. However, we...
New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€54.7m market cap, or US$63.0m).
Reported Earnings • Nov 20Third quarter 2025 earnings released: EPS: €0.053 (vs €0.086 in 3Q 2024)Third quarter 2025 results: EPS: €0.053 (down from €0.086 in 3Q 2024). Revenue: €83.2m (down 15% from 3Q 2024). Net income: €1.40m (down 38% from 3Q 2024). Profit margin: 1.7% (down from 2.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Oct 09Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €436.5m to €395.2m. EPS estimate also fell from €0.333 per share to €0.288 per share. Net income forecast to grow 80% next year vs 68% growth forecast for Electrical industry in Italy. Consensus price target of €3.20 unchanged from last update. Share price rose 6.0% to €2.29 over the past week.
Reported Earnings • Sep 15Second quarter 2025 earnings released: EPS: €0.07 (vs €0.098 in 2Q 2024)Second quarter 2025 results: EPS: €0.07 (down from €0.098 in 2Q 2024). Revenue: €102.1m (down 5.9% from 2Q 2024). Net income: €1.86m (down 28% from 2Q 2024). Profit margin: 1.8% (down from 2.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: €0.074 (vs €0.085 in 1Q 2024)First quarter 2025 results: EPS: €0.074 (down from €0.085 in 1Q 2024). Revenue: €103.4m (up 2.9% from 1Q 2024). Net income: €1.95m (down 13% from 1Q 2024). Profit margin: 1.9% (down from 2.2% in 1Q 2024). 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 6.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.
Upcoming Dividend • May 12Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (2.1%).
Reported Earnings • Apr 06Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: €0.26 (down from €0.31 in FY 2023). Revenue: €398.9m (down 1.2% from FY 2023). Net income: €6.90m (down 16% from FY 2023). Profit margin: 1.7% (down from 2.0% in FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Mar 20IRCE S.p.A., Annual General Meeting, Apr 28, 2025IRCE S.p.A., Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time.
分析記事 • Mar 20IRCE's (BIT:IRC) Dividend Will Be €0.06The board of IRCE S.p.A. ( BIT:IRC ) has announced that it will pay a dividend on the 21st of May, with investors...
Declared Dividend • Mar 19Dividend of €0.06 announcedDividend of €0.06 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
お知らせ • Mar 18IRCE S.p.A. announces Annual dividend, payable on May 21, 2025IRCE S.p.A. announced Annual dividend of EUR 0.0600 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.086 (vs €0.061 in 3Q 2023)Third quarter 2024 results: EPS: €0.086 (up from €0.061 in 3Q 2023). Revenue: €98.2m (up 6.0% from 3Q 2023). Net income: €2.27m (up 41% from 3Q 2023). Profit margin: 2.3% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Sep 15Second quarter 2024 earnings released: EPS: €0.098 (vs €0.09 in 2Q 2023)Second quarter 2024 results: EPS: €0.098 (up from €0.09 in 2Q 2023). Revenue: €108.6m (up 2.5% from 2Q 2023). Net income: €2.60m (up 9.4% from 2Q 2023). Profit margin: 2.4% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.085 (vs €0.097 in 1Q 2023)First quarter 2024 results: EPS: €0.085 (down from €0.097 in 1Q 2023). Revenue: €100.5m (down 11% from 1Q 2023). Net income: €2.25m (down 13% from 1Q 2023). Profit margin: 2.2% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 13Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%).
分析記事 • Mar 23There May Be Some Bright Spots In IRCE's (BIT:IRC) EarningsThe market for IRCE S.p.A.'s ( BIT:IRC ) shares didn't move much after it posted weak earnings recently. Our analysis...
Declared Dividend • Mar 21Dividend of €0.06 announcedShareholders will receive a dividend of €0.06. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Mar 21Price target increased by 36% to €3.00Up from €2.20, the current price target is provided by 1 analyst. New target price is 54% above last closing price of €1.95. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.30 for next year compared to €0.31 last year.
Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.31 (down from €0.35 in FY 2022). Revenue: €404.5m (down 12% from FY 2022). Net income: €8.23m (down 11% from FY 2022). Profit margin: 2.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Mar 09+ 4 more updatesIRCE S.p.A. to Report Nine Months, 2024 Results on Nov 14, 2024IRCE S.p.A. announced that they will report nine months, 2024 results on Nov 14, 2024
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.061 (vs €0.03 in 3Q 2022)Third quarter 2023 results: EPS: €0.061 (up from €0.03 in 3Q 2022). Revenue: €93.0m (down 12% from 3Q 2022). Net income: €1.61m (up 101% from 3Q 2022). Profit margin: 1.7% (up from 0.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 28Price target decreased by 12% to €2.20Down from €2.50, the current price target is provided by 1 analyst. New target price is 10% above last closing price of €2.00. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of €0.32 for next year compared to €0.35 last year.
分析記事 • Sep 16Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Sep 14Second quarter 2023 earnings released: EPS: €0.09 (vs €0.096 in 2Q 2022)Second quarter 2023 results: EPS: €0.09 (down from €0.096 in 2Q 2022). Revenue: €106.2m (down 22% from 2Q 2022). Net income: €2.38m (down 6.7% from 2Q 2022). Profit margin: 2.2% (up from 1.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.097 (vs €0.062 in 1Q 2022)First quarter 2023 results: EPS: €0.097 (up from €0.062 in 1Q 2022). Revenue: €113.4m (down 10% from 1Q 2022). Net income: €2.57m (up 56% from 1Q 2022). Profit margin: 2.3% (up from 1.3% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 15Upcoming dividend of €0.06 per share at 2.4% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.1%).
分析記事 • Apr 05IRCE's (BIT:IRC) Dividend Will Be Increased To €0.06IRCE S.p.A. ( BIT:IRC ) has announced that it will be increasing its dividend from last year's comparable payment on...
Major Estimate Revision • Mar 22Consensus revenue estimates decrease by 10%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €460.4m to €414.0m. EPS estimate increased from €0.21 to €0.31 per share. Net income forecast to shrink 6.7% next year vs 8.4% growth forecast for Electrical industry in Italy . Consensus price target up from €2.10 to €2.50. Share price rose 3.5% to €2.38 over the past week.
分析記事 • Mar 19IRCE's (BIT:IRC) Upcoming Dividend Will Be Larger Than Last Year'sIRCE S.p.A. ( BIT:IRC ) has announced that it will be increasing its periodic dividend on the 24th of May to €0.06...
Reported Earnings • Mar 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: €0.35 (down from €0.35 in FY 2021). Revenue: €459.6m (flat on FY 2021). Net income: €9.22m (down 1.6% from FY 2021). Profit margin: 2.0% (in line with FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Electrical industry in Italy are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 17Price target increased by 14% to €2.50Up from €2.20, the current price target is provided by 1 analyst. New target price is 9.2% above last closing price of €2.29. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.35 last year.
分析記事 • Jan 21IRCE's (BIT:IRC) Returns On Capital Tell Us There Is Reason To Feel UneasyWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
お知らせ • Jan 06+ 4 more updatesIRCE S.p.A., Annual General Meeting, Apr 28, 2023IRCE S.p.A., Annual General Meeting, Apr 28, 2023.
Price Target Changed • Nov 16Price target decreased to €2.20Down from €2.90, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of €2.03. Stock is down 35% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.35 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Oct 05Consensus EPS estimates fall by 58%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €482.4m to €447.0m. EPS estimate also fell from €0.24 per share to €0.10 per share. Net income forecast to shrink 36% next year vs 22% growth forecast for Electrical industry in Italy . Consensus price target down from €2.90 to €2.20. Share price was steady at €2.11 over the past week.
Reported Earnings • Sep 18Second quarter 2022 earnings released: EPS: €0.096 (vs €0.13 in 2Q 2021)Second quarter 2022 results: EPS: €0.096 (down from €0.13 in 2Q 2021). Revenue: €136.2m (up 9.3% from 2Q 2021). Net income: €2.55m (down 23% from 2Q 2021). Profit margin: 1.9% (down from 2.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 16Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (4.7%). In line with average of industry peers (2.1%).
Reported Earnings • May 13First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.063 (down from €0.13 in 1Q 2021). Revenue: €126.4m (up 22% from 1Q 2021). Net income: €1.65m (down 51% from 1Q 2021). Profit margin: 1.3% (down from 3.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 1.2%, compared to a 10% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 28IRCE's (BIT:IRC) Dividend Will Be Increased To €0.05The board of IRCE S.p.A. ( BIT:IRC ) has announced that it will be increasing its dividend on the 25th of May to €0.05...
Price Target Changed • Apr 27Price target decreased to €2.90Down from €3.20, the current price target is provided by 1 analyst. New target price is 15% above last closing price of €2.53. Stock is up 11% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.35 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Mar 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €421.2m to €482.4m. EPS estimate fell from €0.39 to €0.24. Net income forecast to grow 18% next year vs 18% growth forecast for Electrical industry in Italy. Consensus price target down from €3.53 to €3.20. Share price was steady at €2.78 over the past week.
分析記事 • Mar 19IRCE's (BIT:IRC) Upcoming Dividend Will Be Larger Than Last Year'sIRCE S.p.A. ( BIT:IRC ) will increase its dividend on the 25th of May to €0.05, which is 67% higher than last year...
Reported Earnings • Mar 18Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.35 (up from €0.10 in FY 2020). Revenue: €457.7m (up 55% from FY 2020). Net income: €9.38m (up 244% from FY 2020). Profit margin: 2.0% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is expected to shrink by 8.0% compared to a 11% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €2.48, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Electrical industry in Europe. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS €0.084 (vs €0.041 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €113.2m (up 63% from 3Q 2020). Net income: €2.23m (up 107% from 3Q 2020). Profit margin: 2.0% (up from 1.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 18Second quarter 2021 earnings released: EPS €0.13 (vs €0.016 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €124.6m (up 109% from 2Q 2020). Net income: €3.31m (up €2.88m from 2Q 2020). Profit margin: 2.7% (up from 0.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Sep 15Here's Why IRCE (BIT:IRC) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 19First quarter 2021 earnings released: EPS €0.13 (vs €0.033 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.8m (up 34% from 1Q 2020). Net income: €3.34m (up €4.20m from 1Q 2020). Profit margin: 3.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.73, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Electrical industry in Europe. Total returns to shareholders of 5.5% over the past three years.
Upcoming Dividend • May 17Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (3.8%). Lower than average of industry peers (1.9%).
分析記事 • May 03There's Been No Shortage Of Growth Recently For IRCE's (BIT:IRC) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electrical industry in Europe. Total loss to shareholders of 9.9% over the past three years.
分析記事 • Apr 08Is IRCE S.p.A. (BIT:IRC) Potentially Undervalued?IRCE S.p.A. ( BIT:IRC ), might not be a large cap stock, but it led the BIT gainers with a relatively large price hike...
Reported Earnings • Mar 18Full year 2020 earnings released: EPS €0.10 (vs €0.073 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €296.1m (down 5.3% from FY 2019). Net income: €2.73m (up 40% from FY 2019). Profit margin: 0.9% (up from 0.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 02How Much Did IRCE's(BIT:IRC) Shareholders Earn From Share Price Movements Over The Last Three Years?While not a mind-blowing move, it is good to see that the IRCE S.p.A. ( BIT:IRC ) share price has gained 24% in the...
Is New 90 Day High Low • Feb 11New 90-day high: €1.79The company is up 17% from its price of €1.52 on 12 November 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 14% over the same period.
分析記事 • Dec 21IRCE (BIT:IRC) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Dec 15New 90-day high: €1.69The company is up 13% from its price of €1.49 on 15 September 2020. The Italian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period.
分析記事 • Nov 25IRCE's (BIT:IRC) Stock Price Has Reduced 40% In The Past Three YearsIRCE S.p.A. (BIT:IRC) shareholders should be happy to see the share price up 11% in the last month. But that doesn't...
Reported Earnings • Nov 18Third quarter 2020 earnings released: EPS €0.041The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €69.3m (down 2.1% from 3Q 2019). Net income: €1.08m (up €1.55m from 3Q 2019). Profit margin: 1.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 05New 90-day low: €1.40The company is down 4.0% from its price of €1.46 on 07 August 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period.
Reported Earnings • Sep 21First half earnings releasedOver the last 12 months the company has reported total losses of €1.08m, with earnings decreasing by €4.56m from the prior year. Total revenue was €279.0m over the last 12 months, down 17% from the prior year.