Tinexta（TNXT）株式概要ティネクスタS.p.A.は、その子会社とともに、イタリア、フランス、スペイン、その他のEU諸国、英国、アラブ首長国連邦、および国際的な市民、専門家、機関、企業向けに、デジタル・トラスト、サイバーセキュリティ、ビジネス・イノベーション・サービスを提供している。 詳細TNXT ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長4/6過去の実績0/6財務の健全性2/6配当金3/6報酬当社が推定した公正価値より14.1%で取引されている 収益は年間143.55%増加すると予測されています リスク分析利払いは収益で十分にカバーされない 1.94%の配当は利益で十分にカバーされていない すべてのリスクチェックを見るTNXT Community Fair Values Create NarrativeSee what 16 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN2.7% undervaluedAnalystConsensusTarget•5mo agoDigital Trust Demand And Defence Spending Will Support Long-Term Outlook701Top Analyst NarrativesTinextaANAnalystConsensusTargetBased on Analyst Price TargetsDigital Trust Demand And Defence Spending Will Support Long-Term OutlookCatalysts About Tinexta Tinexta is a diversified Italian group providing digital trust, cybersecurity, and business innovation solutions to enterprises and public institutions. What are the underlying business or industry changes driving this perspective?View narrative€15.9FV2.7% 割安 内在価値ディスカウント7.30%Revenue growth p.a.Set Fair ValueView7users have viewed this narrative0users have liked this narrative0users have commented on this narrative1users have followed this narrative6 months ago author updated this narrativeView all narrativesTinexta S.p.A. 競合他社CircleSymbol: BIT:CIRCMarket cap: €67.1mMare GroupSymbol: BIT:MAREMarket cap: €67.3mAllcoreSymbol: BIT:COREMarket cap: €16.6mTradeLabSymbol: BIT:TRAIMarket cap: €13.5m価格と性能株価の高値、安値、推移の概要Tinexta過去の株価現在の株価€15.4752週高値€15.5952週安値€10.21ベータ1.021ヶ月の変化3.13%3ヶ月変化1.98%1年変化33.13%3年間の変化-13.53%5年間の変化-40.09%IPOからの変化355.00%最新ニュースReported Earnings • May 19First quarter 2026 earnings released: €0.11 loss per share (vs €0.07 loss in 1Q 2025)First quarter 2026 results: €0.11 loss per share (further deteriorated from €0.07 loss in 1Q 2025). Revenue: €106.8m (down 7.6% from 1Q 2025). Net loss: €5.11m (loss widened 62% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.New Risk • Apr 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Dividend is not well covered by earnings (116% payout ratio).Buy Or Sell Opportunity • Apr 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.1% to €14.85. The fair value is estimated to be €18.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 24Tinexta S.p.A., Annual General Meeting, Apr 22, 2026Tinexta S.p.A., Annual General Meeting, Apr 22, 2026, at 14:30 W. Europe Standard Time.Buy Or Sell Opportunity • Mar 17Now 20% undervaluedOver the last 90 days, the stock has risen 1.4% to €14.98. The fair value is estimated to be €18.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 19% 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 19% per year over the past 5 years. Minor Risks High level of debt (60% net debt to equity). Dividend is not well covered by earnings (116% payout ratio). Large one-off items impacting financial results.最新情報をもっと見るRecent updatesReported Earnings • May 19First quarter 2026 earnings released: €0.11 loss per share (vs €0.07 loss in 1Q 2025)First quarter 2026 results: €0.11 loss per share (further deteriorated from €0.07 loss in 1Q 2025). Revenue: €106.8m (down 7.6% from 1Q 2025). Net loss: €5.11m (loss widened 62% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.New Risk • Apr 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Dividend is not well covered by earnings (116% payout ratio).Buy Or Sell Opportunity • Apr 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.1% to €14.85. The fair value is estimated to be €18.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 24Tinexta S.p.A., Annual General Meeting, Apr 22, 2026Tinexta S.p.A., Annual General Meeting, Apr 22, 2026, at 14:30 W. Europe Standard Time.Buy Or Sell Opportunity • Mar 17Now 20% undervaluedOver the last 90 days, the stock has risen 1.4% to €14.98. The fair value is estimated to be €18.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 19% 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 19% per year over the past 5 years. Minor Risks High level of debt (60% net debt to equity). Dividend is not well covered by earnings (116% payout ratio). Large one-off items impacting financial results.Major Estimate Revision • Mar 08Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.528 to €0.445 per share. Revenue forecast steady at €495.4m. Net income forecast to grow 100% next year vs 31% growth forecast for Professional Services industry in Italy. Consensus price target of €15.60 unchanged from last update. Share price was steady at €15.29 over the past week.Major Estimate Revision • Jan 24Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €508.3m to €494.2m. EPS estimate rose from €0.453 to €0.528. Net income forecast to grow 122% next year vs 31% growth forecast for Professional Services industry in Italy. Consensus price target of €15.60 unchanged from last update. Share price was steady at €15.13 over the past week.お知らせ • Jan 01Advent International, L.P. and Nextalia SGR S.p.A. completed the acquisition of 38.74% stake in Tinexta S.p.A. (BIT:TNXT) from Tecno Holding SpA.Advent International, L.P. and Nextalia SGR S.p.A. entered into binding agreement to acquire 38.74% stake in Tinexta S.p.A. (BIT:TNXT) from Tecno Holding SpA for approximately €270 million on August 4, 2025. A cash consideration of €266.40 million valued at €15 per share will be paid by Advent International, L.P. and Nextalia SGR S.p.A. As part of consideration, €266.40 million is paid towards common equity of Tinexta S.p.A. Following the sale, a mandatory tender offer will be launched for the remaining 42.7% of Tinexta's share capital, also at €15 per share. Upon completion of the Transaction and assuming full success of the Offer, the Sponsors will hold the majority of Tinexta’s shares, while Tecno Holding will retain a significant minority stake. The Sale and Purchase and the Offer will be fully financed with funds made available by the Sponsors through contributions.The transaction is subject to approval by the Tecno Holding shareholders' meeting, scheduled for August 7, and regulatory approvals, including antitrust and Golden Power requirements. The closing deadline is January 31, 2026, extendable by two months. Barclays acted as financial advisor to Advent International, L.P. Lazard S.r.l. as financial advisor, Gatti Pavesi Bianchi Studio Legale Associato act as legal advisor for Tecno Holding SpA. PedersoliGattai and Chiomenti Studio Legale as legal, KPMG S.p.A. and Legance - Avvocati Associati act as accountant for Nextalia SGR S.p. and Advent International, L.P. Bank Of America Merrill Lynch International DAC, Milan Branch acted as financial advisor to Nextalia SGR S.p.A. Barclays Bank Ireland PLC (Milan Branch) acted as financial advisor to Nextalia SGR S.p.A. Banca Akros SpA acted as financial advisor to Advent International, L.P. and Nextalia SGR S.p.A. Alvarez & Marsal Italia Srl acted as due diligence provider to Nextalia SGR S.p.A. Alvarez & Marsal Holdings, LLC acted as due diligence provider to Advent International, L.P. Rothschild & Co US Inc. acted as financial advisor to Advent International, L.P. Rothschild S.p.A. acted as financial advisor to Nextalia SGR S.p.A. Mediobanca Banca di Credito Finanziario S.p.A. acted as financial advisor to Advent International, L.P. and Nextalia SGR S.p.A. Advent International, L.P. and Nextalia SGR S.p.A. completed the acquisition of 38.74% stake in Tinexta S.p.A. (BIT:TNXT) from Tecno Holding SpA on December 30, 2025.分析記事 • Nov 22We Think Tinexta's (BIT:TNXT) Profit Is Only A Baseline For What They Can AchieveTinexta S.p.A. ( BIT:TNXT ) just reported healthy earnings but the stock price didn't move much. We think that...お知らせ • Nov 14+ 3 more updatesTinexta S.p.A. to Report Nine Months, 2026 Results on Nov 13, 2026Tinexta S.p.A. announced that they will report nine months, 2026 results on Nov 13, 2026Reported Earnings • Nov 13Third quarter 2025 earnings released: €0.19 loss per share (vs €0.005 loss in 3Q 2024)Third quarter 2025 results: €0.19 loss per share (further deteriorated from €0.005 loss in 3Q 2024). Revenue: €111.6m (up 8.6% from 3Q 2024). Net loss: €8.81m (loss widened €8.59m from 3Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Board Change • Aug 06High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Eugenio Rossetti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Aug 05Price target increased by 9.5% to €15.58Up from €14.23, the current price target is an average from 4 analysts. New target price is 6.1% above last closing price of €14.68. Stock is up 28% over the past year. The company is forecast to post earnings per share of €0.52 for next year compared to €0.40 last year.Reported Earnings • Aug 01Second quarter 2025 earnings released: €0.12 loss per share (vs €0.062 profit in 2Q 2024)Second quarter 2025 results: €0.12 loss per share (down from €0.062 profit in 2Q 2024). Revenue: €120.1m (up 15% from 2Q 2024). Net loss: €5.60m (down 291% from profit in 2Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €13.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Professional Services industry in Europe. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.24 per share.分析記事 • Jul 19Tinexta S.p.A.'s (BIT:TNXT) P/E Is Still On The Mark Following 28% Share Price BounceTinexta S.p.A. ( BIT:TNXT ) shares have continued their recent momentum with a 28% gain in the last month alone...Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.38, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.22 per share.Upcoming Dividend • May 26Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (2.3%).New Risk • May 23New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.分析記事 • May 23Some Investors May Be Willing To Look Past Tinexta's (BIT:TNXT) Soft EarningsSoft earnings didn't appear to concern Tinexta S.p.A.'s ( BIT:TNXT ) shareholders over the last week. We did some...Reported Earnings • May 16First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: €0.07 loss per share (further deteriorated from €0.06 loss in 1Q 2024). Revenue: €115.5m (up 17% from 1Q 2024). Net loss: €3.15m (loss widened 20% from 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.分析記事 • May 08Why Investors Shouldn't Be Surprised By Tinexta S.p.A.'s (BIT:TNXT) 27% Share Price SurgeThe Tinexta S.p.A. ( BIT:TNXT ) share price has done very well over the last month, posting an excellent gain of 27...Buy Or Sell Opportunity • May 05Now 22% undervaluedOver the last 90 days, the stock has risen 22% to €9.65. The fair value is estimated to be €12.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.Price Target Changed • Apr 16Price target decreased by 15% to €13.98Down from €16.38, the current price target is an average from 5 analysts. New target price is 65% above last closing price of €8.47. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.51 for next year compared to €0.40 last year.New Risk • Apr 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin).Major Estimate Revision • Apr 08Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.576 to €0.507 per share. Revenue forecast steady at €506.1m. Net income forecast to grow 54% next year vs 25% growth forecast for Professional Services industry in Italy. Consensus price target of €16.15 unchanged from last update. Share price fell 13% to €7.97 over the past week.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.64, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.81 per share.Buy Or Sell Opportunity • Mar 26Now 20% undervaluedOver the last 90 days, the stock has risen 17% to €9.18. The fair value is estimated to be €11.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.分析記事 • Mar 16Tinexta's (BIT:TNXT) Dividend Will Be Reduced To €0.30Tinexta S.p.A. ( BIT:TNXT ) is reducing its dividend from last year's comparable payment to €0.30 on the 4th of June...Declared Dividend • Mar 16Dividend reduced to €0.30Dividend of €0.30 is 35% lower than last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (49% 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 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 14Tinexta S.p.A. announces Annual dividend, payable on June 04, 2025Tinexta S.p.A. announced Annual dividend of EUR 0.3000 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.New Risk • Mar 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin).分析記事 • Mar 09Earnings Miss: Tinexta S.p.A. Missed EPS By 11% And Analysts Are Revising Their ForecastsShareholders of Tinexta S.p.A. ( BIT:TNXT ) will be pleased this week, given that the stock price is up 17% to €9.09...Reported Earnings • Mar 09Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: €0.40 (down from €0.60 in FY 2023). Revenue: €455.0m (up 15% from FY 2023). Net income: €18.2m (down 33% from FY 2023). Profit margin: 4.0% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €9.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.80 per share.New Risk • Jan 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Dividend is not well covered by earnings (113% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin).分析記事 • Nov 16There May Be Reason For Hope In Tinexta's (BIT:TNXT) Disappointing EarningsTinexta S.p.A.'s ( BIT:TNXT ) earnings announcement last week didn't impress shareholders. However, our analysis...Major Estimate Revision • Nov 15Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €471.0m to €465.8m. EPS estimate also fell from €0.702 per share to €0.502 per share. Net income forecast to grow 81% next year vs 71% growth forecast for Professional Services industry in Italy. Consensus price target down from €23.92 to €16.88. Share price fell 17% to €7.62 over the past week.New Risk • Nov 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (113% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin).お知らせ • Nov 10+ 3 more updatesTinexta S.p.A. to Report Q1, 2025 Results on May 15, 2025Tinexta S.p.A. announced that they will report Q1, 2025 results on May 15, 2025Reported Earnings • Nov 10Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €102.7m (up 18% from 3Q 2023). Net loss: €223.0k (down 111% from profit in 3Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.分析記事 • Nov 09Tinexta S.p.A.'s (BIT:TNXT) Price In Tune With EarningsTinexta S.p.A.'s ( BIT:TNXT ) price-to-earnings (or "P/E") ratio of 20.2x might make it look like a sell right now...Valuation Update With 7 Day Price Move • Nov 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €9.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Professional Services industry in Italy. Total loss to shareholders of 75% over the past three years.分析記事 • Aug 29Here's Why Tinexta (BIT:TNXT) Has A Meaningful Debt BurdenHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Major Estimate Revision • Aug 12Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €481.5m to €471.0m. EPS estimate also fell from €0.853 per share to €0.667 per share. Net income forecast to grow 78% next year vs 50% growth forecast for Professional Services industry in Italy. Consensus price target down from €26.60 to €23.92. Share price fell 5.6% to €11.28 over the past week.分析記事 • Aug 06The Price Is Right For Tinexta S.p.A. (BIT:TNXT) Even After Diving 28%To the annoyance of some shareholders, Tinexta S.p.A. ( BIT:TNXT ) shares are down a considerable 28% in the last...New Risk • Aug 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.3% 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 High level of debt (54% net debt to equity). Dividend is not well covered by earnings (103% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin).New Risk • Aug 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 7.4% 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: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin).Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.058 (vs €0.12 in 2Q 2023)Second quarter 2024 results: EPS: €0.058 (down from €0.12 in 2Q 2023). Net income: €2.64m (down 53% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services 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 26% per year, which means it is performing significantly worse than earnings.分析記事 • Jul 29An Intrinsic Calculation For Tinexta S.p.A. (BIT:TNXT) Suggests It's 38% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Tinexta fair value estimate is €25.00 Tinexta's €15.38 share...分析記事 • Jul 02Is Now An Opportune Moment To Examine Tinexta S.p.A. (BIT:TNXT)?Tinexta S.p.A. ( BIT:TNXT ), is not the largest company out there, but it saw significant share price movement during...Upcoming Dividend • May 27Upcoming dividend of €0.46 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.3%). In line with average of industry peers (2.2%).Major Estimate Revision • May 21Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.866 to €0.745 per share. Revenue forecast steady at €482.2m. Net income forecast to grow 68% next year vs 53% growth forecast for Professional Services industry in Italy. Consensus price target of €26.60 unchanged from last update. Share price fell 2.8% to €18.42 over the past week.Reported Earnings • May 16First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: €0.06 loss per share (down from €0.029 profit in 1Q 2023). Revenue: €98.4m (up 14% from 1Q 2023). Net loss: €2.63m (down 298% from profit in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.Board Change • Apr 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Gabriella Porcelli was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 12Tinexta S.p.A. (BIT:TNXT) completed the acquisition of Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others.Tinexta S.p.A. (BIT:TNXT) signed binding agreement to acquire majority stake in Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others for €47.8 million on October 12, 2020. As per the transaction, Tinexta S.p.A. will acquire majority stake of Projects & Solutions Division from Corvallis S.p.A. The closing of the transaction is expected in early 2021, with the exception of the acquisition of the majority of Swascan, which should be finalized in 2020. As of October 20, 2020, Tinexta completed the acquisition of 51% stake in Swascan for €4.2 million. Out of €4.2 million Tinexta paid €2.1 million and remaining will be after the approval of Swascan's 2020 financial results. As of January 22, 2021, Tinexta completed the acquisition of 70% stake in Projects & Solutions Division from Corvallis S.p.A for €25 million. The price for the 70% stake which is equal to €25 million disbursed plus an earnout that will eventually be paid after the approval of 2020 financial statements if the conditions will be met. Tinexta S.p.A. (BIT:TNXT) completed the acquisition of Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others on April 11, 2024.分析記事 • Mar 15Some Investors May Be Willing To Look Past Tinexta's (BIT:TNXT) Soft EarningsThe market for Tinexta S.p.A.'s ( BIT:TNXT ) shares didn't move much after it posted weak earnings recently. We think...Reported Earnings • Mar 10Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: €0.60 (down from €0.66 in FY 2022). Revenue: €395.8m (up 11% from FY 2022). Net income: €27.4m (down 9.3% from FY 2022). Profit margin: 6.9% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Professional Services industry in Italy. Total loss to shareholders of 2.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.27 per share.お知らせ • Dec 17+ 4 more updatesTinexta S.p.A. to Report Nine Months, 2024 Results on Nov 08, 2024Tinexta S.p.A. announced that they will report nine months, 2024 results on Nov 08, 2024分析記事 • Dec 15Is Tinexta (BIT:TNXT) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Sep 26Should You Think About Buying Tinexta S.p.A. (BIT:TNXT) Now?Tinexta S.p.A. ( BIT:TNXT ), might not be a large cap stock, but it received a lot of attention from a substantial...Buying Opportunity • Sep 05Now 20% undervaluedOver the last 90 days, the stock is up 3.4%. The fair value is estimated to be €22.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 4.2%. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 83% in the next 2 years.分析記事 • Sep 01A Look At The Intrinsic Value Of Tinexta S.p.A. (BIT:TNXT)Key Insights The projected fair value for Tinexta is €22.63 based on 2 Stage Free Cash Flow to Equity With €18.49 share...Major Estimate Revision • Jul 23Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.41 to €1.57. Revenue forecast unchanged at €403.2m. Net income forecast to grow 103% next year vs 51% growth forecast for Professional Services industry in Italy. Consensus price target of €25.66 unchanged from last update. Share price fell 3.1% to €16.38 over the past week.分析記事 • Jun 28With EPS Growth And More, Tinexta (BIT:TNXT) Makes An Interesting CaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...分析記事 • Jun 15Is Now The Time To Look At Buying Tinexta S.p.A. (BIT:TNXT)?While Tinexta S.p.A. ( BIT:TNXT ) might not be the most widely known stock at the moment, it saw a double-digit share...Upcoming Dividend • May 29Upcoming dividend of €0.51 per share at 2.9% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Italian dividend payers (5.3%). In line with average of industry peers (2.8%).分析記事 • May 26Tinexta (BIT:TNXT) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • May 23Price target decreased by 9.1% to €25.66Down from €28.22, the current price target is an average from 6 analysts. New target price is 40% above last closing price of €18.28. Stock is down 18% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €0.66 last year.Price Target Changed • May 12Price target decreased by 9.1% to €25.66Down from €28.22, the current price target is an average from 5 analysts. New target price is 41% above last closing price of €18.18. Stock is down 18% over the past year. The company is forecast to post earnings per share of €1.39 for next year compared to €0.66 last year.Price Target Changed • Apr 26Price target decreased by 8.5% to €28.22Down from €30.85, the current price target is an average from 4 analysts. New target price is 54% above last closing price of €18.34. Stock is down 21% over the past year. The company is forecast to post earnings per share of €1.22 for next year compared to €0.66 last year.Major Estimate Revision • Mar 17Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.08 to €1.20. Revenue forecast steady at €409.1m. Net income forecast to grow 81% next year vs 54% growth forecast for Professional Services industry in Italy. Consensus price target down from €30.85 to €29.53. Share price fell 9.1% to €20.10 over the past week.Reported Earnings • Mar 10Full year 2022 earnings released: EPS: €0.71 (vs €0.83 in FY 2021)Full year 2022 results: EPS: €0.71 (down from €0.83 in FY 2021). Revenue: €357.2m (down 4.8% from FY 2021). Net income: €32.6m (down 15% from FY 2021). Profit margin: 9.1% (down from 10% in FY 2021). 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 9.6% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Feb 08These 4 Measures Indicate That Tinexta (BIT:TNXT) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jan 12+ 2 more updatesTinexta S.p.A., Annual General Meeting, Apr 21, 2023Tinexta S.p.A., Annual General Meeting, Apr 21, 2023.分析記事 • Jan 10When Should You Buy Tinexta S.p.A. (BIT:TNXT)?Tinexta S.p.A. ( BIT:TNXT ), might not be a large cap stock, but it received a lot of attention from a substantial...Buying Opportunity • Nov 17Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.4%. The fair value is estimated to be €28.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 7.7% in 2 years. Earnings is forecast to grow by 37% in the next 2 years.Reported Earnings • Nov 16Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: (down €4.09m from profit in 3Q 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 12Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: (down €7.12m from profit in 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €26.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 7.6% in 2 years. Earnings is forecast to grow by 35% in the next 2 years.分析記事 • Sep 25Is It Time To Consider Buying Tinexta S.p.A. (BIT:TNXT)?While Tinexta S.p.A. ( BIT:TNXT ) might not be the most widely known stock at the moment, it saw significant share...株主還元TNXTIT Professional ServicesIT 市場7D0.8%0.1%-0.3%1Y33.1%29.8%16.8%株主還元を見る業界別リターン: TNXT過去 1 年間で29.8 % の収益を上げたItalian Professional Services業界を上回りました。リターン対市場: TNXT過去 1 年間で16.8 % の収益を上げたItalian市場を上回りました。価格変動Is TNXT's price volatile compared to industry and market?TNXT volatilityTNXT Average Weekly Movement0.7%Professional Services Industry Average Movement4.5%Market Average Movement5.2%10% most volatile stocks in IT Market8.4%10% least volatile stocks in IT Market3.1%安定した株価: TNXT 、 Italian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: TNXTの 週次ボラティリティ ( 1% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20092,816Pier Andrea Paolo Chevallardtinexta.comティネクスタS p.A.は、その子会社とともに、イタリア、フランス、スペイン、その他のEU諸国、英国、アラブ首長国連邦、および国際的な市民、専門家、機関、企業向けに、デジタル・トラスト、サイバーセキュリティ、ビジネス・イノベーション・サービスを提供している。事業セグメントは3つ：デジタル・トラスト、サイバーセキュリティ、ビジネス・イノベーション。デジタル・トラスト事業では、認証メール、デジタル署名、タイムスタンプ、電子請求書、デジタル保存、デジタルIDなどのデジタル・トラスト製品や、非物質化ソリューション、データ流通プラットフォーム、ソフトウェア、電子サービス、マーケティング・コンサルティング・サービスを提供している。また、生産性、イノベーション、研究開発に投資する企業に対し、奨励金、寄付金、補助金融資を得るためのイノベーション・コンサルティング・サービス、サイバーセキュリティおよびITサービス、その他のイノベーション・サービスも提供している。同社は以前はTecnoinvestimenti S.p.A.として知られていたが、2018年11月にTinexta S.p.A.に社名を変更した。同社は2009年に設立され、イタリアのローマに本社を置いている。Tinexta S.p.A.はTecno Holding SpAの子会社である。もっと見るTinexta S.p.A. 基礎のまとめTinexta の収益と売上を時価総額と比較するとどうか。TNXT 基礎統計学時価総額€709.95m収益（TTM）-€62.30m売上高(TTM)€457.04m1.6xP/Sレシオ-11.4xPER（株価収益率TNXT は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計TNXT 損益計算書（TTM）収益€457.04m売上原価€363.27m売上総利益€93.78mその他の費用€156.08m収益-€62.30m直近の収益報告Mar 31, 2026次回決算日Jul 31, 2026一株当たり利益（EPS）-1.36グロス・マージン20.52%純利益率-13.63%有利子負債／自己資本比率241.6%TNXT の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.9%現在の配当利回り116%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 06:24終値2026/05/20 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Tinexta S.p.A. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Russell PointonEdison Investment ResearchDomenico GhilottiEquita SIM S.p.A.Carlo MaritanoIntermonte SIM S.p.A.2 その他のアナリストを表示
Reported Earnings • May 19First quarter 2026 earnings released: €0.11 loss per share (vs €0.07 loss in 1Q 2025)First quarter 2026 results: €0.11 loss per share (further deteriorated from €0.07 loss in 1Q 2025). Revenue: €106.8m (down 7.6% from 1Q 2025). Net loss: €5.11m (loss widened 62% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
New Risk • Apr 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Dividend is not well covered by earnings (116% payout ratio).
Buy Or Sell Opportunity • Apr 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.1% to €14.85. The fair value is estimated to be €18.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 24Tinexta S.p.A., Annual General Meeting, Apr 22, 2026Tinexta S.p.A., Annual General Meeting, Apr 22, 2026, at 14:30 W. Europe Standard Time.
Buy Or Sell Opportunity • Mar 17Now 20% undervaluedOver the last 90 days, the stock has risen 1.4% to €14.98. The fair value is estimated to be €18.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 19% 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 19% per year over the past 5 years. Minor Risks High level of debt (60% net debt to equity). Dividend is not well covered by earnings (116% payout ratio). Large one-off items impacting financial results.
Reported Earnings • May 19First quarter 2026 earnings released: €0.11 loss per share (vs €0.07 loss in 1Q 2025)First quarter 2026 results: €0.11 loss per share (further deteriorated from €0.07 loss in 1Q 2025). Revenue: €106.8m (down 7.6% from 1Q 2025). Net loss: €5.11m (loss widened 62% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
New Risk • Apr 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Dividend is not well covered by earnings (116% payout ratio).
Buy Or Sell Opportunity • Apr 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.1% to €14.85. The fair value is estimated to be €18.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 24Tinexta S.p.A., Annual General Meeting, Apr 22, 2026Tinexta S.p.A., Annual General Meeting, Apr 22, 2026, at 14:30 W. Europe Standard Time.
Buy Or Sell Opportunity • Mar 17Now 20% undervaluedOver the last 90 days, the stock has risen 1.4% to €14.98. The fair value is estimated to be €18.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 19% 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 19% per year over the past 5 years. Minor Risks High level of debt (60% net debt to equity). Dividend is not well covered by earnings (116% payout ratio). Large one-off items impacting financial results.
Major Estimate Revision • Mar 08Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.528 to €0.445 per share. Revenue forecast steady at €495.4m. Net income forecast to grow 100% next year vs 31% growth forecast for Professional Services industry in Italy. Consensus price target of €15.60 unchanged from last update. Share price was steady at €15.29 over the past week.
Major Estimate Revision • Jan 24Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €508.3m to €494.2m. EPS estimate rose from €0.453 to €0.528. Net income forecast to grow 122% next year vs 31% growth forecast for Professional Services industry in Italy. Consensus price target of €15.60 unchanged from last update. Share price was steady at €15.13 over the past week.
お知らせ • Jan 01Advent International, L.P. and Nextalia SGR S.p.A. completed the acquisition of 38.74% stake in Tinexta S.p.A. (BIT:TNXT) from Tecno Holding SpA.Advent International, L.P. and Nextalia SGR S.p.A. entered into binding agreement to acquire 38.74% stake in Tinexta S.p.A. (BIT:TNXT) from Tecno Holding SpA for approximately €270 million on August 4, 2025. A cash consideration of €266.40 million valued at €15 per share will be paid by Advent International, L.P. and Nextalia SGR S.p.A. As part of consideration, €266.40 million is paid towards common equity of Tinexta S.p.A. Following the sale, a mandatory tender offer will be launched for the remaining 42.7% of Tinexta's share capital, also at €15 per share. Upon completion of the Transaction and assuming full success of the Offer, the Sponsors will hold the majority of Tinexta’s shares, while Tecno Holding will retain a significant minority stake. The Sale and Purchase and the Offer will be fully financed with funds made available by the Sponsors through contributions.The transaction is subject to approval by the Tecno Holding shareholders' meeting, scheduled for August 7, and regulatory approvals, including antitrust and Golden Power requirements. The closing deadline is January 31, 2026, extendable by two months. Barclays acted as financial advisor to Advent International, L.P. Lazard S.r.l. as financial advisor, Gatti Pavesi Bianchi Studio Legale Associato act as legal advisor for Tecno Holding SpA. PedersoliGattai and Chiomenti Studio Legale as legal, KPMG S.p.A. and Legance - Avvocati Associati act as accountant for Nextalia SGR S.p. and Advent International, L.P. Bank Of America Merrill Lynch International DAC, Milan Branch acted as financial advisor to Nextalia SGR S.p.A. Barclays Bank Ireland PLC (Milan Branch) acted as financial advisor to Nextalia SGR S.p.A. Banca Akros SpA acted as financial advisor to Advent International, L.P. and Nextalia SGR S.p.A. Alvarez & Marsal Italia Srl acted as due diligence provider to Nextalia SGR S.p.A. Alvarez & Marsal Holdings, LLC acted as due diligence provider to Advent International, L.P. Rothschild & Co US Inc. acted as financial advisor to Advent International, L.P. Rothschild S.p.A. acted as financial advisor to Nextalia SGR S.p.A. Mediobanca Banca di Credito Finanziario S.p.A. acted as financial advisor to Advent International, L.P. and Nextalia SGR S.p.A. Advent International, L.P. and Nextalia SGR S.p.A. completed the acquisition of 38.74% stake in Tinexta S.p.A. (BIT:TNXT) from Tecno Holding SpA on December 30, 2025.
分析記事 • Nov 22We Think Tinexta's (BIT:TNXT) Profit Is Only A Baseline For What They Can AchieveTinexta S.p.A. ( BIT:TNXT ) just reported healthy earnings but the stock price didn't move much. We think that...
お知らせ • Nov 14+ 3 more updatesTinexta S.p.A. to Report Nine Months, 2026 Results on Nov 13, 2026Tinexta S.p.A. announced that they will report nine months, 2026 results on Nov 13, 2026
Reported Earnings • Nov 13Third quarter 2025 earnings released: €0.19 loss per share (vs €0.005 loss in 3Q 2024)Third quarter 2025 results: €0.19 loss per share (further deteriorated from €0.005 loss in 3Q 2024). Revenue: €111.6m (up 8.6% from 3Q 2024). Net loss: €8.81m (loss widened €8.59m from 3Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Board Change • Aug 06High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Eugenio Rossetti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Aug 05Price target increased by 9.5% to €15.58Up from €14.23, the current price target is an average from 4 analysts. New target price is 6.1% above last closing price of €14.68. Stock is up 28% over the past year. The company is forecast to post earnings per share of €0.52 for next year compared to €0.40 last year.
Reported Earnings • Aug 01Second quarter 2025 earnings released: €0.12 loss per share (vs €0.062 profit in 2Q 2024)Second quarter 2025 results: €0.12 loss per share (down from €0.062 profit in 2Q 2024). Revenue: €120.1m (up 15% from 2Q 2024). Net loss: €5.60m (down 291% from profit in 2Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €13.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Professional Services industry in Europe. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.24 per share.
分析記事 • Jul 19Tinexta S.p.A.'s (BIT:TNXT) P/E Is Still On The Mark Following 28% Share Price BounceTinexta S.p.A. ( BIT:TNXT ) shares have continued their recent momentum with a 28% gain in the last month alone...
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.38, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.22 per share.
Upcoming Dividend • May 26Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (2.3%).
New Risk • May 23New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
分析記事 • May 23Some Investors May Be Willing To Look Past Tinexta's (BIT:TNXT) Soft EarningsSoft earnings didn't appear to concern Tinexta S.p.A.'s ( BIT:TNXT ) shareholders over the last week. We did some...
Reported Earnings • May 16First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: €0.07 loss per share (further deteriorated from €0.06 loss in 1Q 2024). Revenue: €115.5m (up 17% from 1Q 2024). Net loss: €3.15m (loss widened 20% from 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
分析記事 • May 08Why Investors Shouldn't Be Surprised By Tinexta S.p.A.'s (BIT:TNXT) 27% Share Price SurgeThe Tinexta S.p.A. ( BIT:TNXT ) share price has done very well over the last month, posting an excellent gain of 27...
Buy Or Sell Opportunity • May 05Now 22% undervaluedOver the last 90 days, the stock has risen 22% to €9.65. The fair value is estimated to be €12.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.
Price Target Changed • Apr 16Price target decreased by 15% to €13.98Down from €16.38, the current price target is an average from 5 analysts. New target price is 65% above last closing price of €8.47. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.51 for next year compared to €0.40 last year.
New Risk • Apr 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin).
Major Estimate Revision • Apr 08Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.576 to €0.507 per share. Revenue forecast steady at €506.1m. Net income forecast to grow 54% next year vs 25% growth forecast for Professional Services industry in Italy. Consensus price target of €16.15 unchanged from last update. Share price fell 13% to €7.97 over the past week.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.64, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.81 per share.
Buy Or Sell Opportunity • Mar 26Now 20% undervaluedOver the last 90 days, the stock has risen 17% to €9.18. The fair value is estimated to be €11.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.
分析記事 • Mar 16Tinexta's (BIT:TNXT) Dividend Will Be Reduced To €0.30Tinexta S.p.A. ( BIT:TNXT ) is reducing its dividend from last year's comparable payment to €0.30 on the 4th of June...
Declared Dividend • Mar 16Dividend reduced to €0.30Dividend of €0.30 is 35% lower than last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (49% 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 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 14Tinexta S.p.A. announces Annual dividend, payable on June 04, 2025Tinexta S.p.A. announced Annual dividend of EUR 0.3000 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
New Risk • Mar 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin).
分析記事 • Mar 09Earnings Miss: Tinexta S.p.A. Missed EPS By 11% And Analysts Are Revising Their ForecastsShareholders of Tinexta S.p.A. ( BIT:TNXT ) will be pleased this week, given that the stock price is up 17% to €9.09...
Reported Earnings • Mar 09Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: €0.40 (down from €0.60 in FY 2023). Revenue: €455.0m (up 15% from FY 2023). Net income: €18.2m (down 33% from FY 2023). Profit margin: 4.0% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €9.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.80 per share.
New Risk • Jan 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Dividend is not well covered by earnings (113% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin).
分析記事 • Nov 16There May Be Reason For Hope In Tinexta's (BIT:TNXT) Disappointing EarningsTinexta S.p.A.'s ( BIT:TNXT ) earnings announcement last week didn't impress shareholders. However, our analysis...
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €471.0m to €465.8m. EPS estimate also fell from €0.702 per share to €0.502 per share. Net income forecast to grow 81% next year vs 71% growth forecast for Professional Services industry in Italy. Consensus price target down from €23.92 to €16.88. Share price fell 17% to €7.62 over the past week.
New Risk • Nov 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (113% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin).
お知らせ • Nov 10+ 3 more updatesTinexta S.p.A. to Report Q1, 2025 Results on May 15, 2025Tinexta S.p.A. announced that they will report Q1, 2025 results on May 15, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €102.7m (up 18% from 3Q 2023). Net loss: €223.0k (down 111% from profit in 3Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
分析記事 • Nov 09Tinexta S.p.A.'s (BIT:TNXT) Price In Tune With EarningsTinexta S.p.A.'s ( BIT:TNXT ) price-to-earnings (or "P/E") ratio of 20.2x might make it look like a sell right now...
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €9.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Professional Services industry in Italy. Total loss to shareholders of 75% over the past three years.
分析記事 • Aug 29Here's Why Tinexta (BIT:TNXT) Has A Meaningful Debt BurdenHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Major Estimate Revision • Aug 12Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €481.5m to €471.0m. EPS estimate also fell from €0.853 per share to €0.667 per share. Net income forecast to grow 78% next year vs 50% growth forecast for Professional Services industry in Italy. Consensus price target down from €26.60 to €23.92. Share price fell 5.6% to €11.28 over the past week.
分析記事 • Aug 06The Price Is Right For Tinexta S.p.A. (BIT:TNXT) Even After Diving 28%To the annoyance of some shareholders, Tinexta S.p.A. ( BIT:TNXT ) shares are down a considerable 28% in the last...
New Risk • Aug 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.3% 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 High level of debt (54% net debt to equity). Dividend is not well covered by earnings (103% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin).
New Risk • Aug 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 7.4% 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: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin).
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.058 (vs €0.12 in 2Q 2023)Second quarter 2024 results: EPS: €0.058 (down from €0.12 in 2Q 2023). Net income: €2.64m (down 53% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services 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 26% per year, which means it is performing significantly worse than earnings.
分析記事 • Jul 29An Intrinsic Calculation For Tinexta S.p.A. (BIT:TNXT) Suggests It's 38% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Tinexta fair value estimate is €25.00 Tinexta's €15.38 share...
分析記事 • Jul 02Is Now An Opportune Moment To Examine Tinexta S.p.A. (BIT:TNXT)?Tinexta S.p.A. ( BIT:TNXT ), is not the largest company out there, but it saw significant share price movement during...
Upcoming Dividend • May 27Upcoming dividend of €0.46 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.3%). In line with average of industry peers (2.2%).
Major Estimate Revision • May 21Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.866 to €0.745 per share. Revenue forecast steady at €482.2m. Net income forecast to grow 68% next year vs 53% growth forecast for Professional Services industry in Italy. Consensus price target of €26.60 unchanged from last update. Share price fell 2.8% to €18.42 over the past week.
Reported Earnings • May 16First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: €0.06 loss per share (down from €0.029 profit in 1Q 2023). Revenue: €98.4m (up 14% from 1Q 2023). Net loss: €2.63m (down 298% from profit in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.
Board Change • Apr 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Gabriella Porcelli was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 12Tinexta S.p.A. (BIT:TNXT) completed the acquisition of Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others.Tinexta S.p.A. (BIT:TNXT) signed binding agreement to acquire majority stake in Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others for €47.8 million on October 12, 2020. As per the transaction, Tinexta S.p.A. will acquire majority stake of Projects & Solutions Division from Corvallis S.p.A. The closing of the transaction is expected in early 2021, with the exception of the acquisition of the majority of Swascan, which should be finalized in 2020. As of October 20, 2020, Tinexta completed the acquisition of 51% stake in Swascan for €4.2 million. Out of €4.2 million Tinexta paid €2.1 million and remaining will be after the approval of Swascan's 2020 financial results. As of January 22, 2021, Tinexta completed the acquisition of 70% stake in Projects & Solutions Division from Corvallis S.p.A for €25 million. The price for the 70% stake which is equal to €25 million disbursed plus an earnout that will eventually be paid after the approval of 2020 financial statements if the conditions will be met. Tinexta S.p.A. (BIT:TNXT) completed the acquisition of Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others on April 11, 2024.
分析記事 • Mar 15Some Investors May Be Willing To Look Past Tinexta's (BIT:TNXT) Soft EarningsThe market for Tinexta S.p.A.'s ( BIT:TNXT ) shares didn't move much after it posted weak earnings recently. We think...
Reported Earnings • Mar 10Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: €0.60 (down from €0.66 in FY 2022). Revenue: €395.8m (up 11% from FY 2022). Net income: €27.4m (down 9.3% from FY 2022). Profit margin: 6.9% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Professional Services industry in Italy. Total loss to shareholders of 2.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.27 per share.
お知らせ • Dec 17+ 4 more updatesTinexta S.p.A. to Report Nine Months, 2024 Results on Nov 08, 2024Tinexta S.p.A. announced that they will report nine months, 2024 results on Nov 08, 2024
分析記事 • Dec 15Is Tinexta (BIT:TNXT) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Sep 26Should You Think About Buying Tinexta S.p.A. (BIT:TNXT) Now?Tinexta S.p.A. ( BIT:TNXT ), might not be a large cap stock, but it received a lot of attention from a substantial...
Buying Opportunity • Sep 05Now 20% undervaluedOver the last 90 days, the stock is up 3.4%. The fair value is estimated to be €22.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 4.2%. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 83% in the next 2 years.
分析記事 • Sep 01A Look At The Intrinsic Value Of Tinexta S.p.A. (BIT:TNXT)Key Insights The projected fair value for Tinexta is €22.63 based on 2 Stage Free Cash Flow to Equity With €18.49 share...
Major Estimate Revision • Jul 23Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.41 to €1.57. Revenue forecast unchanged at €403.2m. Net income forecast to grow 103% next year vs 51% growth forecast for Professional Services industry in Italy. Consensus price target of €25.66 unchanged from last update. Share price fell 3.1% to €16.38 over the past week.
分析記事 • Jun 28With EPS Growth And More, Tinexta (BIT:TNXT) Makes An Interesting CaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
分析記事 • Jun 15Is Now The Time To Look At Buying Tinexta S.p.A. (BIT:TNXT)?While Tinexta S.p.A. ( BIT:TNXT ) might not be the most widely known stock at the moment, it saw a double-digit share...
Upcoming Dividend • May 29Upcoming dividend of €0.51 per share at 2.9% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Italian dividend payers (5.3%). In line with average of industry peers (2.8%).
分析記事 • May 26Tinexta (BIT:TNXT) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • May 23Price target decreased by 9.1% to €25.66Down from €28.22, the current price target is an average from 6 analysts. New target price is 40% above last closing price of €18.28. Stock is down 18% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €0.66 last year.
Price Target Changed • May 12Price target decreased by 9.1% to €25.66Down from €28.22, the current price target is an average from 5 analysts. New target price is 41% above last closing price of €18.18. Stock is down 18% over the past year. The company is forecast to post earnings per share of €1.39 for next year compared to €0.66 last year.
Price Target Changed • Apr 26Price target decreased by 8.5% to €28.22Down from €30.85, the current price target is an average from 4 analysts. New target price is 54% above last closing price of €18.34. Stock is down 21% over the past year. The company is forecast to post earnings per share of €1.22 for next year compared to €0.66 last year.
Major Estimate Revision • Mar 17Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.08 to €1.20. Revenue forecast steady at €409.1m. Net income forecast to grow 81% next year vs 54% growth forecast for Professional Services industry in Italy. Consensus price target down from €30.85 to €29.53. Share price fell 9.1% to €20.10 over the past week.
Reported Earnings • Mar 10Full year 2022 earnings released: EPS: €0.71 (vs €0.83 in FY 2021)Full year 2022 results: EPS: €0.71 (down from €0.83 in FY 2021). Revenue: €357.2m (down 4.8% from FY 2021). Net income: €32.6m (down 15% from FY 2021). Profit margin: 9.1% (down from 10% in FY 2021). 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 9.6% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Feb 08These 4 Measures Indicate That Tinexta (BIT:TNXT) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jan 12+ 2 more updatesTinexta S.p.A., Annual General Meeting, Apr 21, 2023Tinexta S.p.A., Annual General Meeting, Apr 21, 2023.
分析記事 • Jan 10When Should You Buy Tinexta S.p.A. (BIT:TNXT)?Tinexta S.p.A. ( BIT:TNXT ), might not be a large cap stock, but it received a lot of attention from a substantial...
Buying Opportunity • Nov 17Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.4%. The fair value is estimated to be €28.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 7.7% in 2 years. Earnings is forecast to grow by 37% in the next 2 years.
Reported Earnings • Nov 16Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: (down €4.09m from profit in 3Q 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 12Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: (down €7.12m from profit in 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Professional Services industry in Italy. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €26.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 7.6% in 2 years. Earnings is forecast to grow by 35% in the next 2 years.
分析記事 • Sep 25Is It Time To Consider Buying Tinexta S.p.A. (BIT:TNXT)?While Tinexta S.p.A. ( BIT:TNXT ) might not be the most widely known stock at the moment, it saw significant share...
