View Future GrowthEmak 過去の業績過去 基準チェック /46Emakの収益は年間平均-26%の割合で減少していますが、 Consumer Durables業界の収益は年間 増加しています。収益は年間10.9% 2.5%割合で 増加しています。 Emakの自己資本利益率は5%であり、純利益率は2.2%です。主要情報-26.03%収益成長率-25.93%EPS成長率Consumer Durables 業界の成長11.81%収益成長率2.52%株主資本利益率5.03%ネット・マージン2.21%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 16Full year 2025 earnings released: EPS: €0.083 (vs €0.035 in FY 2024)Full year 2025 results: EPS: €0.083 (up from €0.035 in FY 2024). Revenue: €617.5m (up 2.6% from FY 2024). Net income: €13.5m (up 135% from FY 2024). Profit margin: 2.2% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% 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.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: €0.008 (vs €0.003 loss in 3Q 2024)Third quarter 2025 results: EPS: €0.008 (up from €0.003 loss in 3Q 2024). Revenue: €126.8m (down 1.6% from 3Q 2024). Net income: €1.33m (up €1.83m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 43% 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.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: €0.054 (vs €0.039 in 2Q 2024)Second quarter 2025 results: EPS: €0.054 (up from €0.039 in 2Q 2024). Revenue: €179.0m (up 2.1% from 2Q 2024). Net income: €8.69m (up 36% from 2Q 2024). Profit margin: 4.9% (up from 3.6% in 2Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • May 17First quarter 2025 earnings released: EPS: €0.067 (vs €0.047 in 1Q 2024)First quarter 2025 results: EPS: €0.067 (up from €0.047 in 1Q 2024). Revenue: €193.3m (up 14% from 1Q 2024). Net income: €11.0m (up 45% from 1Q 2024). Profit margin: 5.7% (up from 4.5% in 1Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.分析記事 • Apr 04Some Investors May Be Willing To Look Past Emak's (BIT:EM) Soft EarningsShareholders appeared unconcerned with Emak S.p.A.'s ( BIT:EM ) lackluster earnings report last week. We did some...Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.035 (down from €0.12 in FY 2023). Revenue: €607.0m (up 7.2% from FY 2023). Net income: €5.76m (down 70% from FY 2023). Profit margin: 0.9% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesお知らせ • Mar 23Emak S.p.A., Annual General Meeting, Apr 21, 2026Emak S.p.A., Annual General Meeting, Apr 21, 2026, at 10:00 W. Europe Standard Time.Declared Dividend • Mar 19Dividend increased to €0.03Dividend of €0.03 is 20% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 18Emak S.p.A. announces Annual dividend, payable on June 03, 2026Emak S.p.A. announced Annual dividend of EUR 0.0300 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.Reported Earnings • Mar 16Full year 2025 earnings released: EPS: €0.083 (vs €0.035 in FY 2024)Full year 2025 results: EPS: €0.083 (up from €0.035 in FY 2024). Revenue: €617.5m (up 2.6% from FY 2024). Net income: €13.5m (up 135% from FY 2024). Profit margin: 2.2% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% 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.Buy Or Sell Opportunity • Mar 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to €0.82. The fair value is estimated to be €1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 4.2% in 2 years. Earnings are forecast to grow by 80% in the next 2 years.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: €0.008 (vs €0.003 loss in 3Q 2024)Third quarter 2025 results: EPS: €0.008 (up from €0.003 loss in 3Q 2024). Revenue: €126.8m (down 1.6% from 3Q 2024). Net income: €1.33m (up €1.83m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 43% 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.Buy Or Sell Opportunity • Oct 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €1.04. The fair value is estimated to be €0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Price Target Changed • Sep 02Price target increased by 10% to €1.60Up from €1.45, the current price target is provided by 1 analyst. New target price is 60% above last closing price of €1.00. Stock is down 0.1% over the past year. The company is forecast to post earnings per share of €0.091 for next year compared to €0.035 last year.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: €0.054 (vs €0.039 in 2Q 2024)Second quarter 2025 results: EPS: €0.054 (up from €0.039 in 2Q 2024). Revenue: €179.0m (up 2.1% from 2Q 2024). Net income: €8.69m (up 36% from 2Q 2024). Profit margin: 4.9% (up from 3.6% in 2Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jun 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 3.0% to €0.87. The fair value is estimated to be €0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to grow by 138% in the next 2 years.Upcoming Dividend • May 26Upcoming dividend of €0.025 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (4.4%).Reported Earnings • May 17First quarter 2025 earnings released: EPS: €0.067 (vs €0.047 in 1Q 2024)First quarter 2025 results: EPS: €0.067 (up from €0.047 in 1Q 2024). Revenue: €193.3m (up 14% from 1Q 2024). Net income: €11.0m (up 45% from 1Q 2024). Profit margin: 5.7% (up from 4.5% in 1Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.分析記事 • May 06The Price Is Right For Emak S.p.A. (BIT:EM)With a price-to-earnings (or "P/E") ratio of 24.2x Emak S.p.A. ( BIT:EM ) may be sending very bearish signals at the...Buy Or Sell Opportunity • Apr 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to €0.74. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.Buy Or Sell Opportunity • Apr 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to €0.73. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.分析記事 • Apr 04Some Investors May Be Willing To Look Past Emak's (BIT:EM) Soft EarningsShareholders appeared unconcerned with Emak S.p.A.'s ( BIT:EM ) lackluster earnings report last week. We did some...New Risk • Mar 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% 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 Interest payments are not well covered by earnings (2.1x net interest cover). 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 (1.0% net profit margin).分析記事 • Mar 31Emak (BIT:EM) Will Pay A Smaller Dividend Than Last YearEmak S.p.A.'s ( BIT:EM ) dividend is being reduced from last year's payment covering the same period to €0.025 on the...Major Estimate Revision • Mar 25Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.112 to €0.094 per share. Revenue forecast steady at €626.0m. Net income forecast to grow 168% next year vs 9.7% growth forecast for Consumer Durables industry in Italy. Consensus price target of €1.45 unchanged from last update. Share price fell 2.2% to €0.85 over the past week.Price Target Changed • Mar 24Price target decreased by 9.4% to €1.45Down from €1.60, the current price target is provided by 1 analyst. New target price is 70% above last closing price of €0.85. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.094 for next year compared to €0.035 last year.お知らせ • Mar 21Emak S.p.A., Annual General Meeting, Apr 29, 2025Emak S.p.A., Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time.分析記事 • Mar 17Emak's (BIT:EM) Shareholders Will Receive A Smaller Dividend Than Last YearEmak S.p.A. ( BIT:EM ) has announced that on 4th of June, it will be paying a dividend of€0.025, which a reduction from...Declared Dividend • Mar 16Dividend reduced to €0.025Dividend of €0.025 is 44% lower than last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 138% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.035 (down from €0.12 in FY 2023). Revenue: €607.0m (up 7.2% from FY 2023). Net income: €5.76m (down 70% from FY 2023). Profit margin: 0.9% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Mar 14Emak S.p.A. announces Annual dividend, payable on June 04, 2025Emak S.p.A. announced Annual dividend of EUR 0.0250 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.Buy Or Sell Opportunity • Jan 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.9% to €0.89. The fair value is estimated to be €1.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Buy Or Sell Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €0.89. The fair value is estimated to be €1.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Major Estimate Revision • Dec 03Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €615.0m to €600.0m. EPS estimate also fell from €0.102 per share to €0.07 per share. Net income forecast to grow 59% next year vs 15% growth forecast for Consumer Durables industry in Italy. Consensus price target reaffirmed at €1.60. Share price fell 2.3% to €0.87 over the past week.Reported Earnings • Nov 14Third quarter 2024 earnings released: €0.003 loss per share (vs €0.003 profit in 3Q 2023)Third quarter 2024 results: €0.003 loss per share (down from €0.003 profit in 3Q 2023). Revenue: €130.0m (up 9.5% from 3Q 2023). Net loss: €507.0k (down 194% from profit in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Price Target Changed • Sep 08Price target decreased by 14% to €1.60Down from €1.85, the current price target is provided by 1 analyst. New target price is 62% above last closing price of €0.98. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.12 last year.Major Estimate Revision • Sep 08Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €623.0m to €615.0m. EPS estimate also fell from €0.161 per share to €0.102 per share. Net income forecast to grow 73% next year vs 36% growth forecast for Consumer Durables industry in Italy. Consensus price target down from €1.85 to €1.60. Share price fell 2.7% to €0.98 over the past week.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: €0.039 (vs €0.064 in 2Q 2023)Second quarter 2024 results: EPS: €0.039 (down from €0.064 in 2Q 2023). Revenue: €177.3m (up 11% from 2Q 2023). Net income: €6.37m (down 39% from 2Q 2023). Profit margin: 3.6% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jul 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €1.02. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.Buy Or Sell Opportunity • Jul 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to €1.01. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.Upcoming Dividend • May 27Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.6%).Reported Earnings • May 17First quarter 2024 earnings released: EPS: €0.047 (vs €0.068 in 1Q 2023)First quarter 2024 results: EPS: €0.047 (down from €0.068 in 1Q 2023). Revenue: €171.0m (flat on 1Q 2023). Net income: €7.59m (down 32% from 1Q 2023). Profit margin: 4.4% (down from 6.5% in 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 27% 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.Buy Or Sell Opportunity • May 13Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to €1.21. The fair value is estimated to be €0.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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 (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).Major Estimate Revision • Mar 21Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €585.0m to €623.0m. EPS estimate increased from €0.14 to €0.161 per share. Net income forecast to grow 36% next year vs 7.8% growth forecast for Consumer Durables industry in Italy. Consensus price target up from €1.55 to €1.85. Share price rose 15% to €1.12 over the past week.Declared Dividend • Mar 18Dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 17Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €0.12 (down from €0.18 in FY 2022). Revenue: €571.8m (down 5.6% from FY 2022). Net income: €19.1m (down 37% from FY 2022). Profit margin: 3.3% (down from 5.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.分析記事 • Dec 23A Look At The Fair Value Of Emak S.p.A. (BIT:EM)Key Insights Using the 2 Stage Free Cash Flow to Equity, Emak fair value estimate is €0.97 Emak's €1.06 share price...Major Estimate Revision • Dec 01Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €580.4m to €568.0m. EPS estimate also fell from €0.135 per share to €0.117 per share. Net income forecast to grow 37% next year vs 18% growth forecast for Consumer Durables industry in Italy. Consensus price target down from €1.70 to €1.55. Share price was steady at €0.95 over the past week.Price Target Changed • Nov 30Price target decreased by 14% to €1.55Down from €1.80, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €0.95. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.19 last year.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.003 (vs €0.031 in 3Q 2022)Third quarter 2023 results: EPS: €0.003 (down from €0.031 in 3Q 2022). Revenue: €119.6m (down 3.6% from 3Q 2022). Net income: €542.0k (down 89% from 3Q 2022). Profit margin: 0.5% (down from 4.1% in 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.Price Target Changed • Sep 07Price target decreased by 11% to €1.70Down from €1.90, the current price target is provided by 1 analyst. New target price is 59% above last closing price of €1.07. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of €0.15 for next year compared to €0.19 last year.New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.2% 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 (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: €0.064 (vs €0.089 in 2Q 2022)Second quarter 2023 results: EPS: €0.064 (down from €0.089 in 2Q 2022). Revenue: €161.9m (down 9.0% from 2Q 2022). Net income: €10.4m (down 29% from 2Q 2022). Profit margin: 6.4% (down from 8.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.Upcoming Dividend • May 29Upcoming dividend of €0.065 per share at 6.0% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.1%).Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.068 (vs €0.10 in 1Q 2022)First quarter 2023 results: EPS: €0.068 (down from €0.10 in 1Q 2022). Revenue: €173.0m (down 9.1% from 1Q 2022). Net income: €11.1m (down 33% from 1Q 2022). Profit margin: 6.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year.分析記事 • Apr 09Emak's (BIT:EM) Soft Earnings Are Actually Better Than They AppearEmak S.p.A.'s ( BIT:EM ) stock was strong despite it releasing a soft earnings report last week. However, we think the...Reported Earnings • Mar 18Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €0.18 (down from €0.20 in FY 2021). Revenue: €610.5m (up 3.8% from FY 2021). Net income: €30.3m (down 6.9% from FY 2021). Profit margin: 5.0% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Nov 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.17 to €0.19. Revenue forecast unchanged at €605.0m. Net income forecast to shrink 11% next year vs 35% growth forecast for Consumer Durables industry in Italy . Consensus price target down from €2.05 to €1.90. Share price was steady at €1.19 over the past week.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €124.1m (down 5.5% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.1% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €125.3m (down 4.6% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.0% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.分析記事 • Nov 10Returns On Capital At Emak (BIT:EM) Have StalledIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Buying Opportunity • Nov 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 1.4% in 2 years. Earnings is forecast to grow by 2.7% in the next 2 years.分析記事 • Sep 25Emak (BIT:EM) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Major Estimate Revision • Sep 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €620.0m to €605.0m. EPS estimate also fell from €0.21 per share to €0.17 per share. Net income forecast to shrink 6.5% next year vs 13% growth forecast for Consumer Durables industry in Italy . Consensus price target down from €2.50 to €2.05. Share price fell 8.0% to €1.04 over the past week.Price Target Changed • Sep 05Price target decreased to €2.05Down from €2.65, the current price target is provided by 1 analyst. New target price is 89% above last closing price of €1.09. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.20 last year.Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: €0.089 (vs €0.098 in 2Q 2021)Second quarter 2022 results: EPS: €0.089 (down from €0.098 in 2Q 2021). Revenue: €178.0m (up 4.6% from 2Q 2021). Net income: €14.6m (down 8.6% from 2Q 2021). Profit margin: 8.2% (down from 9.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.分析記事 • Jul 26Slowing Rates Of Return At Emak (BIT:EM) Leave Little Room For ExcitementIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Upcoming Dividend • May 30Upcoming dividend of €0.075 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (2.6%).分析記事 • May 26Emak (BIT:EM) Has Announced That It Will Be Increasing Its Dividend To €0.075Emak S.p.A. ( BIT:EM ) will increase its dividend on the 8th of June to €0.075. This will take the annual payment from...分析記事 • May 12Emak (BIT:EM) Will Pay A Larger Dividend Than Last Year At €0.075Emak S.p.A. ( BIT:EM ) has announced that it will be increasing its dividend on the 8th of June to €0.075. This takes...Price Target Changed • Apr 27Price target decreased to €2.65Down from €3.00, the current price target is provided by 1 analyst. New target price is 85% above last closing price of €1.43. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.20 last year.Price Target Changed • Mar 22Price target decreased to €2.65Down from €3.00, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €1.49. Stock is up 13% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.20 last year.分析記事 • Mar 19Emak's (BIT:EM) Shareholders Will Receive A Bigger Dividend Than Last YearEmak S.p.A. ( BIT:EM ) has announced that it will be increasing its dividend on the 8th of June to €0.075, which will...Reported Earnings • Mar 18Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.20 (up from €0.12 in FY 2020). Revenue: €593.4m (up 26% from FY 2020). Net income: €32.5m (up 68% from FY 2020). Profit margin: 5.5% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 2.1%, compared to a 10.0% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €2.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.Buying Opportunity • Jan 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €2.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to €2.28, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 86% over the past three years.分析記事 • Nov 25What Does Emak S.p.A.'s (BIT:EM) Share Price Indicate?Emak S.p.A. ( BIT:EM ), might not be a large cap stock, but it led the BIT gainers with a relatively large price hike...Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.037 (vs €0.029 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €132.8m (up 18% from 3Q 2020). Net income: €6.07m (up 28% from 3Q 2020). Profit margin: 4.6% (up from 4.2% 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 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS €0.098 (vs €0.042 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €170.1m (up 31% from 2Q 2020). Net income: €16.0m (up 130% from 2Q 2020). Profit margin: 9.4% (up from 5.4% 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 11% per year whereas the company’s share price has increased by 13% per year.分析記事 • Jul 27Here's Why Emak (BIT:EM) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Upcoming Dividend • Jun 01Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (3.7%). Higher than average of industry peers (1.6%).Major Estimate Revision • May 27Consensus revenue estimates increase to €540.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from €489.0m to €540.0m. EPS estimate increased from €0.13 to €0.17 per share. Net income forecast to shrink 5.5% next year vs 63% growth forecast for Consumer Durables industry in Italy . Consensus price target up from €1.85 to €2.40. Share price rose 9.4% to €1.84 over the past week.分析記事 • May 26The Emak S.p.A. (BIT:EM) Analyst Just Boosted Their Forecasts By A Substantial AmountEmak S.p.A. ( BIT:EM ) shareholders will have a reason to smile today, with the covering analyst making substantial...分析記事 • May 21Is Now The Time To Look At Buying Emak S.p.A. (BIT:EM)?Emak S.p.A. ( BIT:EM ), is not the largest company out there, but it saw a significant share price rise of over 20% in...Reported Earnings • May 13First quarter 2021 earnings released: EPS €0.093 (vs €0.024 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €164.3m (up 39% from 1Q 2020). Net income: €15.1m (up 291% from 1Q 2020). Profit margin: 9.2% (up from 3.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.分析記事 • May 03Emak (BIT:EM) Hasn't Managed To Accelerate Its ReturnsIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Apr 04What Makes Emak S.p.A. (BIT:EM) A Great Dividend Stock?Dividend paying stocks like Emak S.p.A. ( BIT:EM ) tend to be popular with investors, and for good reason - some...分析記事 • Mar 20Is Emak (BIT:EM) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • Mar 19Full year 2020 earnings released: EPS €0.12 (vs €0.079 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.8m (up 8.3% from FY 2019). Net income: €19.3m (up 49% from FY 2019). Profit margin: 4.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.分析記事 • Mar 05Should Emak (BIT:EM) Be Disappointed With Their 48% Profit?When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...Is New 90 Day High Low • Feb 22New 90-day high: €1.22The company is up 26% from its price of €0.97 on 24 November 2020. The Italian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period.分析記事 • Feb 15At €1.21, Is Emak S.p.A. (BIT:EM) Worth Looking At Closely?Emak S.p.A. ( BIT:EM ), is not the largest company out there, but it led the BIT gainers with a relatively large price...Is New 90 Day High Low • Jan 30New 90-day high: €1.19The company is up 47% from its price of €0.81 on 30 October 2020. The Italian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period.分析記事 • Jan 29Is Emak (BIT:EM) Likely To Turn Things Around?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...分析記事 • Jan 11Emak S.p.A.'s (BIT:EM) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Most readers would already be aware that Emak's (BIT:EM) stock increased significantly by 27% over the past three...Is New 90 Day High Low • Jan 07New 90-day high: €1.16The company is up 31% from its price of €0.89 on 09 October 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 5.0% over the same period.分析記事 • Dec 27Estimating The Fair Value Of Emak S.p.A. (BIT:EM)In this article we are going to estimate the intrinsic value of Emak S.p.A. ( BIT:EM ) by estimating the company's...分析記事 • Dec 09Here's Why Emak (BIT:EM) Can Manage Its Debt ResponsiblyLegendary 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 04New 90-day high: €1.03The company is up 27% from its price of €0.81 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 3.0% over the same period.収支内訳Emak の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BIT:EM 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 2561214135030 Sep 2562313135030 Jun 2562611135031 Mar 256249134031 Dec 246026132030 Sep 2459110126030 Jun 2458112124031 Mar 2456516118031 Dec 2356619115030 Sep 2356316111030 Jun 2356921109031 Mar 2358725109031 Dec 2260630108030 Sep 2261632109030 Jun 2262433110031 Mar 2261634108031 Dec 2158833105030 Sep 215744199030 Jun 2155540100031 Mar 215153192031 Dec 204701989030 Sep 204571786030 Jun 204381383031 Mar 204301183031 Dec 194341384030 Sep 194351489030 Jun 194291485031 Mar 194442090031 Dec 184532591030 Sep 184552496030 Jun 184552296031 Mar 184341894031 Dec 174221692030 Sep 174041787030 Jun 173961884031 Mar 173971984031 Dec 163921884030 Sep 163891883030 Jun 163841383031 Mar 16386982031 Dec 15382981030 Sep 15373481030 Jun 153709790質の高い収益: EMは 高品質の収益 を持っています。利益率の向上: EMの現在の純利益率 (2.2%)は、昨年(1%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: EMの収益は過去 5 年間で年間26%減少しました。成長の加速: EMの過去 1 年間の収益成長率 ( 134.7% ) は、5 年間の平均 ( 年間-26%を上回っています。収益対業界: EMの過去 1 年間の収益成長率 ( 134.7% ) はConsumer Durables業界-6.6%を上回りました。株主資本利益率高いROE: EMの 自己資本利益率 ( 5% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health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2026/05/08 05:21終値2026/05/08 00:00収益2025/12/31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Emak 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。2 アナリスト機関Paola SagliettiBanca Akros S.p.A. (ESN)Carlo MaritanoIntermonte SIM S.p.A.
Reported Earnings • Mar 16Full year 2025 earnings released: EPS: €0.083 (vs €0.035 in FY 2024)Full year 2025 results: EPS: €0.083 (up from €0.035 in FY 2024). Revenue: €617.5m (up 2.6% from FY 2024). Net income: €13.5m (up 135% from FY 2024). Profit margin: 2.2% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% 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.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: €0.008 (vs €0.003 loss in 3Q 2024)Third quarter 2025 results: EPS: €0.008 (up from €0.003 loss in 3Q 2024). Revenue: €126.8m (down 1.6% from 3Q 2024). Net income: €1.33m (up €1.83m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 43% 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.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: €0.054 (vs €0.039 in 2Q 2024)Second quarter 2025 results: EPS: €0.054 (up from €0.039 in 2Q 2024). Revenue: €179.0m (up 2.1% from 2Q 2024). Net income: €8.69m (up 36% from 2Q 2024). Profit margin: 4.9% (up from 3.6% in 2Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: €0.067 (vs €0.047 in 1Q 2024)First quarter 2025 results: EPS: €0.067 (up from €0.047 in 1Q 2024). Revenue: €193.3m (up 14% from 1Q 2024). Net income: €11.0m (up 45% from 1Q 2024). Profit margin: 5.7% (up from 4.5% in 1Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 04Some Investors May Be Willing To Look Past Emak's (BIT:EM) Soft EarningsShareholders appeared unconcerned with Emak S.p.A.'s ( BIT:EM ) lackluster earnings report last week. We did some...
Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.035 (down from €0.12 in FY 2023). Revenue: €607.0m (up 7.2% from FY 2023). Net income: €5.76m (down 70% from FY 2023). Profit margin: 0.9% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 23Emak S.p.A., Annual General Meeting, Apr 21, 2026Emak S.p.A., Annual General Meeting, Apr 21, 2026, at 10:00 W. Europe Standard Time.
Declared Dividend • Mar 19Dividend increased to €0.03Dividend of €0.03 is 20% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 18Emak S.p.A. announces Annual dividend, payable on June 03, 2026Emak S.p.A. announced Annual dividend of EUR 0.0300 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.
Reported Earnings • Mar 16Full year 2025 earnings released: EPS: €0.083 (vs €0.035 in FY 2024)Full year 2025 results: EPS: €0.083 (up from €0.035 in FY 2024). Revenue: €617.5m (up 2.6% from FY 2024). Net income: €13.5m (up 135% from FY 2024). Profit margin: 2.2% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% 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.
Buy Or Sell Opportunity • Mar 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to €0.82. The fair value is estimated to be €1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 4.2% in 2 years. Earnings are forecast to grow by 80% in the next 2 years.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: €0.008 (vs €0.003 loss in 3Q 2024)Third quarter 2025 results: EPS: €0.008 (up from €0.003 loss in 3Q 2024). Revenue: €126.8m (down 1.6% from 3Q 2024). Net income: €1.33m (up €1.83m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 43% 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.
Buy Or Sell Opportunity • Oct 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €1.04. The fair value is estimated to be €0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Price Target Changed • Sep 02Price target increased by 10% to €1.60Up from €1.45, the current price target is provided by 1 analyst. New target price is 60% above last closing price of €1.00. Stock is down 0.1% over the past year. The company is forecast to post earnings per share of €0.091 for next year compared to €0.035 last year.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: €0.054 (vs €0.039 in 2Q 2024)Second quarter 2025 results: EPS: €0.054 (up from €0.039 in 2Q 2024). Revenue: €179.0m (up 2.1% from 2Q 2024). Net income: €8.69m (up 36% from 2Q 2024). Profit margin: 4.9% (up from 3.6% in 2Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jun 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 3.0% to €0.87. The fair value is estimated to be €0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to grow by 138% in the next 2 years.
Upcoming Dividend • May 26Upcoming dividend of €0.025 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (4.4%).
Reported Earnings • May 17First quarter 2025 earnings released: EPS: €0.067 (vs €0.047 in 1Q 2024)First quarter 2025 results: EPS: €0.067 (up from €0.047 in 1Q 2024). Revenue: €193.3m (up 14% from 1Q 2024). Net income: €11.0m (up 45% from 1Q 2024). Profit margin: 5.7% (up from 4.5% in 1Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
分析記事 • May 06The Price Is Right For Emak S.p.A. (BIT:EM)With a price-to-earnings (or "P/E") ratio of 24.2x Emak S.p.A. ( BIT:EM ) may be sending very bearish signals at the...
Buy Or Sell Opportunity • Apr 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to €0.74. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.
Buy Or Sell Opportunity • Apr 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to €0.73. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 39% per annum over the same time period.
分析記事 • Apr 04Some Investors May Be Willing To Look Past Emak's (BIT:EM) Soft EarningsShareholders appeared unconcerned with Emak S.p.A.'s ( BIT:EM ) lackluster earnings report last week. We did some...
New Risk • Mar 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% 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 Interest payments are not well covered by earnings (2.1x net interest cover). 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 (1.0% net profit margin).
分析記事 • Mar 31Emak (BIT:EM) Will Pay A Smaller Dividend Than Last YearEmak S.p.A.'s ( BIT:EM ) dividend is being reduced from last year's payment covering the same period to €0.025 on the...
Major Estimate Revision • Mar 25Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.112 to €0.094 per share. Revenue forecast steady at €626.0m. Net income forecast to grow 168% next year vs 9.7% growth forecast for Consumer Durables industry in Italy. Consensus price target of €1.45 unchanged from last update. Share price fell 2.2% to €0.85 over the past week.
Price Target Changed • Mar 24Price target decreased by 9.4% to €1.45Down from €1.60, the current price target is provided by 1 analyst. New target price is 70% above last closing price of €0.85. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.094 for next year compared to €0.035 last year.
お知らせ • Mar 21Emak S.p.A., Annual General Meeting, Apr 29, 2025Emak S.p.A., Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time.
分析記事 • Mar 17Emak's (BIT:EM) Shareholders Will Receive A Smaller Dividend Than Last YearEmak S.p.A. ( BIT:EM ) has announced that on 4th of June, it will be paying a dividend of€0.025, which a reduction from...
Declared Dividend • Mar 16Dividend reduced to €0.025Dividend of €0.025 is 44% lower than last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 138% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.035 (down from €0.12 in FY 2023). Revenue: €607.0m (up 7.2% from FY 2023). Net income: €5.76m (down 70% from FY 2023). Profit margin: 0.9% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 14Emak S.p.A. announces Annual dividend, payable on June 04, 2025Emak S.p.A. announced Annual dividend of EUR 0.0250 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
Buy Or Sell Opportunity • Jan 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.9% to €0.89. The fair value is estimated to be €1.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Buy Or Sell Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €0.89. The fair value is estimated to be €1.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Major Estimate Revision • Dec 03Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €615.0m to €600.0m. EPS estimate also fell from €0.102 per share to €0.07 per share. Net income forecast to grow 59% next year vs 15% growth forecast for Consumer Durables industry in Italy. Consensus price target reaffirmed at €1.60. Share price fell 2.3% to €0.87 over the past week.
Reported Earnings • Nov 14Third quarter 2024 earnings released: €0.003 loss per share (vs €0.003 profit in 3Q 2023)Third quarter 2024 results: €0.003 loss per share (down from €0.003 profit in 3Q 2023). Revenue: €130.0m (up 9.5% from 3Q 2023). Net loss: €507.0k (down 194% from profit in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Price Target Changed • Sep 08Price target decreased by 14% to €1.60Down from €1.85, the current price target is provided by 1 analyst. New target price is 62% above last closing price of €0.98. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.12 last year.
Major Estimate Revision • Sep 08Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €623.0m to €615.0m. EPS estimate also fell from €0.161 per share to €0.102 per share. Net income forecast to grow 73% next year vs 36% growth forecast for Consumer Durables industry in Italy. Consensus price target down from €1.85 to €1.60. Share price fell 2.7% to €0.98 over the past week.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: €0.039 (vs €0.064 in 2Q 2023)Second quarter 2024 results: EPS: €0.039 (down from €0.064 in 2Q 2023). Revenue: €177.3m (up 11% from 2Q 2023). Net income: €6.37m (down 39% from 2Q 2023). Profit margin: 3.6% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jul 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €1.02. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.
Buy Or Sell Opportunity • Jul 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to €1.01. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.
Upcoming Dividend • May 27Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.6%).
Reported Earnings • May 17First quarter 2024 earnings released: EPS: €0.047 (vs €0.068 in 1Q 2023)First quarter 2024 results: EPS: €0.047 (down from €0.068 in 1Q 2023). Revenue: €171.0m (flat on 1Q 2023). Net income: €7.59m (down 32% from 1Q 2023). Profit margin: 4.4% (down from 6.5% in 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 27% 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.
Buy Or Sell Opportunity • May 13Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to €1.21. The fair value is estimated to be €0.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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 (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Major Estimate Revision • Mar 21Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €585.0m to €623.0m. EPS estimate increased from €0.14 to €0.161 per share. Net income forecast to grow 36% next year vs 7.8% growth forecast for Consumer Durables industry in Italy. Consensus price target up from €1.55 to €1.85. Share price rose 15% to €1.12 over the past week.
Declared Dividend • Mar 18Dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 17Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €0.12 (down from €0.18 in FY 2022). Revenue: €571.8m (down 5.6% from FY 2022). Net income: €19.1m (down 37% from FY 2022). Profit margin: 3.3% (down from 5.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
分析記事 • Dec 23A Look At The Fair Value Of Emak S.p.A. (BIT:EM)Key Insights Using the 2 Stage Free Cash Flow to Equity, Emak fair value estimate is €0.97 Emak's €1.06 share price...
Major Estimate Revision • Dec 01Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €580.4m to €568.0m. EPS estimate also fell from €0.135 per share to €0.117 per share. Net income forecast to grow 37% next year vs 18% growth forecast for Consumer Durables industry in Italy. Consensus price target down from €1.70 to €1.55. Share price was steady at €0.95 over the past week.
Price Target Changed • Nov 30Price target decreased by 14% to €1.55Down from €1.80, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €0.95. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.19 last year.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.003 (vs €0.031 in 3Q 2022)Third quarter 2023 results: EPS: €0.003 (down from €0.031 in 3Q 2022). Revenue: €119.6m (down 3.6% from 3Q 2022). Net income: €542.0k (down 89% from 3Q 2022). Profit margin: 0.5% (down from 4.1% in 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.
Price Target Changed • Sep 07Price target decreased by 11% to €1.70Down from €1.90, the current price target is provided by 1 analyst. New target price is 59% above last closing price of €1.07. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of €0.15 for next year compared to €0.19 last year.
New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.2% 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 (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: €0.064 (vs €0.089 in 2Q 2022)Second quarter 2023 results: EPS: €0.064 (down from €0.089 in 2Q 2022). Revenue: €161.9m (down 9.0% from 2Q 2022). Net income: €10.4m (down 29% from 2Q 2022). Profit margin: 6.4% (down from 8.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.
Upcoming Dividend • May 29Upcoming dividend of €0.065 per share at 6.0% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.1%).
Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.068 (vs €0.10 in 1Q 2022)First quarter 2023 results: EPS: €0.068 (down from €0.10 in 1Q 2022). Revenue: €173.0m (down 9.1% from 1Q 2022). Net income: €11.1m (down 33% from 1Q 2022). Profit margin: 6.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year.
分析記事 • Apr 09Emak's (BIT:EM) Soft Earnings Are Actually Better Than They AppearEmak S.p.A.'s ( BIT:EM ) stock was strong despite it releasing a soft earnings report last week. However, we think the...
Reported Earnings • Mar 18Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €0.18 (down from €0.20 in FY 2021). Revenue: €610.5m (up 3.8% from FY 2021). Net income: €30.3m (down 6.9% from FY 2021). Profit margin: 5.0% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Nov 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.17 to €0.19. Revenue forecast unchanged at €605.0m. Net income forecast to shrink 11% next year vs 35% growth forecast for Consumer Durables industry in Italy . Consensus price target down from €2.05 to €1.90. Share price was steady at €1.19 over the past week.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €124.1m (down 5.5% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.1% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €125.3m (down 4.6% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.0% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Italy. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
分析記事 • Nov 10Returns On Capital At Emak (BIT:EM) Have StalledIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Buying Opportunity • Nov 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 1.4% in 2 years. Earnings is forecast to grow by 2.7% in the next 2 years.
分析記事 • Sep 25Emak (BIT:EM) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €620.0m to €605.0m. EPS estimate also fell from €0.21 per share to €0.17 per share. Net income forecast to shrink 6.5% next year vs 13% growth forecast for Consumer Durables industry in Italy . Consensus price target down from €2.50 to €2.05. Share price fell 8.0% to €1.04 over the past week.
Price Target Changed • Sep 05Price target decreased to €2.05Down from €2.65, the current price target is provided by 1 analyst. New target price is 89% above last closing price of €1.09. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.20 last year.
Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: €0.089 (vs €0.098 in 2Q 2021)Second quarter 2022 results: EPS: €0.089 (down from €0.098 in 2Q 2021). Revenue: €178.0m (up 4.6% from 2Q 2021). Net income: €14.6m (down 8.6% from 2Q 2021). Profit margin: 8.2% (down from 9.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
分析記事 • Jul 26Slowing Rates Of Return At Emak (BIT:EM) Leave Little Room For ExcitementIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Upcoming Dividend • May 30Upcoming dividend of €0.075 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (2.6%).
分析記事 • May 26Emak (BIT:EM) Has Announced That It Will Be Increasing Its Dividend To €0.075Emak S.p.A. ( BIT:EM ) will increase its dividend on the 8th of June to €0.075. This will take the annual payment from...
分析記事 • May 12Emak (BIT:EM) Will Pay A Larger Dividend Than Last Year At €0.075Emak S.p.A. ( BIT:EM ) has announced that it will be increasing its dividend on the 8th of June to €0.075. This takes...
Price Target Changed • Apr 27Price target decreased to €2.65Down from €3.00, the current price target is provided by 1 analyst. New target price is 85% above last closing price of €1.43. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.20 last year.
Price Target Changed • Mar 22Price target decreased to €2.65Down from €3.00, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €1.49. Stock is up 13% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.20 last year.
分析記事 • Mar 19Emak's (BIT:EM) Shareholders Will Receive A Bigger Dividend Than Last YearEmak S.p.A. ( BIT:EM ) has announced that it will be increasing its dividend on the 8th of June to €0.075, which will...
Reported Earnings • Mar 18Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.20 (up from €0.12 in FY 2020). Revenue: €593.4m (up 26% from FY 2020). Net income: €32.5m (up 68% from FY 2020). Profit margin: 5.5% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 2.1%, compared to a 10.0% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €2.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.
Buying Opportunity • Jan 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €2.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to €2.28, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 86% over the past three years.
分析記事 • Nov 25What Does Emak S.p.A.'s (BIT:EM) Share Price Indicate?Emak S.p.A. ( BIT:EM ), might not be a large cap stock, but it led the BIT gainers with a relatively large price hike...
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.037 (vs €0.029 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €132.8m (up 18% from 3Q 2020). Net income: €6.07m (up 28% from 3Q 2020). Profit margin: 4.6% (up from 4.2% 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 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS €0.098 (vs €0.042 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €170.1m (up 31% from 2Q 2020). Net income: €16.0m (up 130% from 2Q 2020). Profit margin: 9.4% (up from 5.4% 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 11% per year whereas the company’s share price has increased by 13% per year.
分析記事 • Jul 27Here's Why Emak (BIT:EM) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Upcoming Dividend • Jun 01Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (3.7%). Higher than average of industry peers (1.6%).
Major Estimate Revision • May 27Consensus revenue estimates increase to €540.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from €489.0m to €540.0m. EPS estimate increased from €0.13 to €0.17 per share. Net income forecast to shrink 5.5% next year vs 63% growth forecast for Consumer Durables industry in Italy . Consensus price target up from €1.85 to €2.40. Share price rose 9.4% to €1.84 over the past week.
分析記事 • May 26The Emak S.p.A. (BIT:EM) Analyst Just Boosted Their Forecasts By A Substantial AmountEmak S.p.A. ( BIT:EM ) shareholders will have a reason to smile today, with the covering analyst making substantial...
分析記事 • May 21Is Now The Time To Look At Buying Emak S.p.A. (BIT:EM)?Emak S.p.A. ( BIT:EM ), is not the largest company out there, but it saw a significant share price rise of over 20% in...
Reported Earnings • May 13First quarter 2021 earnings released: EPS €0.093 (vs €0.024 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €164.3m (up 39% from 1Q 2020). Net income: €15.1m (up 291% from 1Q 2020). Profit margin: 9.2% (up from 3.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
分析記事 • May 03Emak (BIT:EM) Hasn't Managed To Accelerate Its ReturnsIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Apr 04What Makes Emak S.p.A. (BIT:EM) A Great Dividend Stock?Dividend paying stocks like Emak S.p.A. ( BIT:EM ) tend to be popular with investors, and for good reason - some...
分析記事 • Mar 20Is Emak (BIT:EM) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Mar 19Full year 2020 earnings released: EPS €0.12 (vs €0.079 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.8m (up 8.3% from FY 2019). Net income: €19.3m (up 49% from FY 2019). Profit margin: 4.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 05Should Emak (BIT:EM) Be Disappointed With Their 48% Profit?When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...
Is New 90 Day High Low • Feb 22New 90-day high: €1.22The company is up 26% from its price of €0.97 on 24 November 2020. The Italian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period.
分析記事 • Feb 15At €1.21, Is Emak S.p.A. (BIT:EM) Worth Looking At Closely?Emak S.p.A. ( BIT:EM ), is not the largest company out there, but it led the BIT gainers with a relatively large price...
Is New 90 Day High Low • Jan 30New 90-day high: €1.19The company is up 47% from its price of €0.81 on 30 October 2020. The Italian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period.
分析記事 • Jan 29Is Emak (BIT:EM) Likely To Turn Things Around?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
分析記事 • Jan 11Emak S.p.A.'s (BIT:EM) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Most readers would already be aware that Emak's (BIT:EM) stock increased significantly by 27% over the past three...
Is New 90 Day High Low • Jan 07New 90-day high: €1.16The company is up 31% from its price of €0.89 on 09 October 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 5.0% over the same period.
分析記事 • Dec 27Estimating The Fair Value Of Emak S.p.A. (BIT:EM)In this article we are going to estimate the intrinsic value of Emak S.p.A. ( BIT:EM ) by estimating the company's...
分析記事 • Dec 09Here's Why Emak (BIT:EM) Can Manage Its Debt ResponsiblyLegendary 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 04New 90-day high: €1.03The company is up 27% from its price of €0.81 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 3.0% over the same period.