View Past PerformancePattern バランスシートの健全性財務の健全性 基準チェック /26Patternの総株主資本は€40.8M 、総負債は€45.3Mで、負債比率は111.1%となります。総資産と総負債はそれぞれ€121.5Mと€80.7Mです。主要情報111.10%負債資本比率€45.34m負債インタレスト・カバレッジ・レシオn/a現金€27.91mエクイティ€40.81m負債合計€80.72m総資産€121.53m財務の健全性に関する最新情報分析記事 • Dec 02These 4 Measures Indicate That Pattern (BIT:PTR) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Oct 29Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • May 26Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...すべての更新を表示Recent updatesUpcoming Dividend • May 11Upcoming dividend of €0.035 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (2.2%).Buy Or Sell Opportunity • May 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 29% to €2.50. The fair value is estimated to be €3.15, 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. Meanwhile, the company became loss making. Revenue is forecast to grow by 1.7% in a year. Earnings are forecast to grow by 75% in the next year.Major Estimate Revision • Apr 07Consensus EPS estimates upgraded to €0.05 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.07 to -€0.05 per share. Revenue forecast unchanged from €117.7m at last update. Luxury industry in Italy expected to see average net income growth of 28% next year. Consensus price target of €5.43 unchanged from last update. Share price fell 9.4% to €2.80 over the past week.お知らせ • Apr 06Pattern S.p.A., Annual General Meeting, Apr 20, 2026Pattern S.p.A., Annual General Meeting, Apr 20, 2026, at 11:00 W. Europe Standard Time. Location: via nazioni unite n 19, collegno to ItalyMajor Estimate Revision • Mar 26Consensus EPS estimates fall by 40%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.05 to -€0.07 per share. Revenue forecast of €118.3m unchanged since last update. Luxury industry in Italy expected to see average net income growth of 28% next year. Consensus price target of €5.35 unchanged from last update. Share price fell 8.2% to €3.03 over the past week.Reported Earnings • Mar 19Full year 2025 earnings releasedFull year 2025 results: Revenue: €117.0m (down 7.0% from FY 2024). Net loss: €2.29m (down €2.66m from profit in FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Luxury industry in Italy.New Risk • Mar 03New 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 5.2% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (€48.5m market cap, or US$56.3m).分析記事 • Jan 24Are Investors Undervaluing Pattern S.p.A. (BIT:PTR) By 29%?Key Insights The projected fair value for Pattern is €5.12 based on 2 Stage Free Cash Flow to Equity Pattern is...Major Estimate Revision • Oct 28Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €112.2m to €109.5m. Losses expected to increase from €0.20 per share to €0.23. Luxury industry in Italy expected to see average net income growth of 11% next year. Consensus price target down from €5.55 to €5.25. Share price fell 4.0% to €3.63 over the past week.Price Target Changed • Oct 27Price target decreased by 9.5% to €5.25Down from €5.80, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €3.71. Stock is down 38% over the past year.Reported Earnings • Oct 05First half 2025 earnings releasedFirst half 2025 results: Revenue: €52.9m (down 11% from 1H 2024). Net loss: €1.59m (down 210% from profit in 1H 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy.New Risk • Oct 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (€55.9m market cap, or US$65.6m).New Risk • Jul 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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€62.7m market cap, or US$73.9m).分析記事 • May 24Pattern S.p.A. (BIT:PTR) Shares Could Be 21% Above Their Intrinsic Value EstimateKey Insights Pattern's estimated fair value is €4.11 based on 2 Stage Free Cash Flow to Equity Pattern's €4.98 share...Buy Or Sell Opportunity • May 22Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to €4.88. The fair value is estimated to be €4.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Buy Or Sell Opportunity • Apr 09Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 1.5% to €5.42. The fair value is estimated to be €4.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.分析記事 • Apr 03Some Pattern S.p.A. (BIT:PTR) Analysts Just Made A Major Cut To Next Year's EstimatesToday is shaping up negative for Pattern S.p.A. ( BIT:PTR ) shareholders, with the analysts delivering a substantial...Price Target Changed • Apr 02Price target decreased by 8.9% to €6.80Down from €7.47, the current price target is an average from 3 analysts. New target price is 37% above last closing price of €4.96. Stock is down 21% over the past year.New Risk • Mar 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 14% 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 Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€77.8m market cap, or US$84.0m).Reported Earnings • Mar 27Full year 2024 earnings releasedFull year 2024 results: Revenue: €128.0m (down 13% from FY 2023). Net income: €362.8k (down 98% from FY 2023). Profit margin: 0.3% (down from 14% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Luxury industry in Italy.分析記事 • Jan 21Pattern S.p.A. (BIT:PTR) Looks Just Right With A 27% Price JumpPattern S.p.A. ( BIT:PTR ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...Buy Or Sell Opportunity • Jan 20Now 21% overvaluedOver the last 90 days, the stock has fallen 2.3% to €5.82. The fair value is estimated to be €4.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 84%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to decline by 75% in the next 2 years.分析記事 • Nov 08Investors Appear Satisfied With Pattern S.p.A.'s (BIT:PTR) ProspectsThere wouldn't be many who think Pattern S.p.A.'s ( BIT:PTR ) price-to-sales (or "P/S") ratio of 0.6x is worth a...分析記事 • Oct 03We Think That There Are Issues Underlying Pattern's (BIT:PTR) EarningsPattern S.p.A.'s ( BIT:PTR ) robust earnings report didn't manage to move the market for its stock. Our analysis...Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: €60.3m (down 15% from 1H 2023). Net income: €2.16m (up 29% from 1H 2023). Profit margin: 3.6% (up from 2.4% in 1H 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Italy.Major Estimate Revision • Jun 16Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.093 to €0.072 per share. Revenue forecast steady at €125.4m. Net income forecast to shrink 93% next year vs 11% growth forecast for Luxury industry in Italy . Consensus price target up from €7.25 to €7.43. Share price was steady at €6.20 over the past week.Major Estimate Revision • Jun 06Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €123.8m to €126.2m. EPS estimate fell from €0.118 to €0.093 per share. Net income forecast to shrink 94% next year vs 11% growth forecast for Luxury industry in Italy . Consensus price target up from €7.00 to €7.25. Share price rose 5.3% to €6.00 over the past week.分析記事 • Apr 25Potential Upside For Pattern S.p.A. (BIT:PTR) Not Without RiskWith a price-to-earnings (or "P/E") ratio of 3.9x Pattern S.p.A. ( BIT:PTR ) may be sending very bullish signals at the...Price Target Changed • Apr 09Price target decreased by 13% to €7.00Down from €8.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of €6.00. Stock is down 14% over the past year.Major Estimate Revision • Apr 03Consensus EPS estimates fall by 51%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €131.5m to €120.8m. EPS estimate also fell from €0.245 per share to €0.12 per share. Net income forecast to shrink 93% next year vs 12% growth forecast for Luxury industry in Italy . Consensus price target down from €8.00 to €7.60. Share price was steady at €6.30 over the past week.Recent Insider Transactions Derivative • Mar 29CEO & Director exercised options to buy €318k worth of stock.On the 27th of March, Luca Sburlati exercised options to buy 50k shares at a strike price of around €6.16, costing a total of €308k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since June 2023, Luca's direct individual holding has increased from 292.39k shares to 295.39k. Company insiders have collectively bought €328k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Mar 29Full year 2023 earnings releasedFull year 2023 results: Revenue: €147.9m (up 35% from FY 2022). Net income: €23.4m (up €20.8m from FY 2022). Profit margin: 16% (up from 2.4% in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 8.4% growth forecast for the Luxury industry in Italy.Buy Or Sell Opportunity • Mar 27Now 28% overvaluedOver the last 90 days, the stock has fallen 6.1% to €6.20. The fair value is estimated to be €4.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 5.3% in 2 years. Earnings are forecast to grow by 50% in the next 2 years.分析記事 • Dec 05Pattern S.p.A.'s (BIT:PTR) P/E Is Still On The Mark Following 26% Share Price BounceThose holding Pattern S.p.A. ( BIT:PTR ) shares would be relieved that the share price has rebounded 26% in the last...Upcoming Dividend • Dec 04Upcoming dividend of €0.58 per share at 1.0% yieldEligible shareholders must have bought the stock before 11 December 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (2.0%).分析記事 • Dec 02These 4 Measures Indicate That Pattern (BIT:PTR) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Oct 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 34% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Profit margins are more than 30% lower than last year (1.8% net profit margin).Reported Earnings • Sep 28First half 2023 earnings releasedFirst half 2023 results: Revenue: €72.1m (up 49% from 1H 2022). Net income: €2.25m (up 19% from 1H 2022). Profit margin: 3.1% (down from 3.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Luxury industry in Italy.お知らせ • Jul 28Pattern S.p.A. (BIT:PTR) acquired additional 30% stake of Dyloan Bond Factory Srl.Pattern S.p.A. (BIT:PTR) signed an agreement to acquire additional 30% stake of Dyloan Bond Factory Srl for €4 million on July 3, 2023. Closing is expected by the end of July 2023. In addition, subject to the closing of the transaction, the parties have agreed to permanently waive the price adjustment mechanism under the 2022 investment agreement and that Anna Maria di Rienzo will permanently waive the additional amounts of complement price under the agreement. Pattern S.p.A. (BIT:PTR) completed the acquisition of additional 30% stake of Dyloan Bond Factory Srl on July 27, 2023.Buying Opportunity • Jul 03Now 21% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be €8.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 6.5%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.Recent Insider Transactions • Feb 05CEO & Director recently sold €351k worth of stockOn the 2nd of February, Luca Sburlati sold around 47k shares on-market at roughly €7.40 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Luca has been a net seller over the last 12 months, reducing personal holdings by €1.4m.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to €7.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.18 per share.お知らせ • Jan 20Pattern S.p.A. announced that it has received funding from Axon Partners Group, S.A.Pattern S.p.A. announced a private placement and issued common shares on January 18, 2023. The transaction included participation from returning investor, Axon Partners Group, S.A.,. The investor stake is exceeds 5% in the company's capital, now owning 715,664 ordinary shares of the company.お知らせ • Dec 23Pattern S.p.A. (BIT:PTR) entered into a binding agreement to acquire Nuova Nicol Srl for €6 million.Pattern S.p.A. (BIT:PTR) entered into a binding agreement to acquire Nuova Nicol Srl for €6 million on December 21, 2022.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Chairman of Board of Statutory Auditors David Russo was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €6.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Luxury industry in Italy. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.32 per share.Reported Earnings • Sep 27First half 2022 earnings released: EPS: €0 (vs €0.083 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €49.1m (up 59% from 1H 2021). Net income: €2.50m (up 113% from 1H 2021). Profit margin: 5.1% (up from 3.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy.Recent Insider Transactions • Jul 02CEO & Director recently sold €733k worth of stockOn the 30th of June, Luca Sburlati sold around 130k shares on-market at roughly €5.64 per share. This was the largest sale by an insider in the last 3 months. Luca has been a seller over the last 12 months, reducing personal holdings by €1.0m.Major Estimate Revision • May 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €94.7m to €93.6m. EPS estimate rose from €0.23 to €0.27. Net income forecast to grow 26% next year vs 15% growth forecast for Luxury industry in Italy. Consensus price target broadly unchanged at €8.15. Share price fell 7.9% to €5.38 over the past week.Upcoming Dividend • May 16Upcoming dividend of €0.071 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Italian dividend payers (4.7%). In line with average of industry peers (1.4%).Recent Insider Transactions • Apr 29CEO & Director recently sold €308k worth of stockOn the 22nd of April, Luca Sburlati sold around 60k shares on-market at roughly €5.14 per share. This was the largest sale by an insider in the last 3 months. This was Luca's only on-market trade for the last 12 months.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Director Stefano Casini was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 17Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.21 (up from €0.17 in FY 2020). Revenue: €69.6m (up 32% from FY 2020). Net income: €3.00m (up 32% from FY 2020). Profit margin: 4.3% (in line with FY 2020). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 36%, compared to a 15% growth forecast for the industry in Italy.Buying Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be €6.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last year. Earnings per share has declined by 34% over the last year.分析記事 • Dec 30Calculating The Fair Value Of Pattern S.p.A. (BIT:PTR)How far off is Pattern S.p.A. ( BIT:PTR ) from its intrinsic value? Using the most recent financial data, we'll take a...Price Target Changed • Dec 02Price target increased to €7.95Up from €6.80, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €6.26. Stock is up 63% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.17 last year.分析記事 • Oct 29Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to €5.44, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Luxury industry in Italy. Total returns to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.14 per share.Price Target Changed • Oct 05Price target increased to €6.80Up from €6.25, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €5.00. Stock is up 35% over the past year.Reported Earnings • Oct 03First half 2021 earnings released: EPS €0.083 (vs €0.075 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €30.9m (up 30% from 1H 2020). Net income: €1.17m (up 14% from 1H 2020). Profit margin: 3.8% (down from 4.3% in 1H 2020). The decrease in margin was driven by higher expenses.分析記事 • May 26Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Upcoming Dividend • May 17Upcoming dividend of €0.028 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 0.6%. Lower than top quartile of Italian dividend payers (3.8%). Lower than average of industry peers (1.0%).分析記事 • May 05Are Investors Undervaluing Pattern S.p.A. (BIT:PTR) By 39%?How far off is Pattern S.p.A. ( BIT:PTR ) from its intrinsic value? Using the most recent financial data, we'll take a...Reported Earnings • Apr 20Full year 2020 earnings released: EPS €0.17 (vs €0.28 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €52.7m (down 5.3% from FY 2019). Net income: €2.27m (down 40% from FY 2019). Profit margin: 4.3% (down from 6.8% in FY 2019). The decrease in margin was driven by lower revenue.分析記事 • Apr 12Capital Allocation Trends At Pattern (BIT:PTR) Aren't IdealWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...分析記事 • Mar 11Is Pattern S.p.A.'s (BIT:PTR) 19% ROE Better Than Average?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...お知らせ • Mar 07Pattern S.p.A. (BIT:PTR) completed the acquisition of an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer.Pattern S.p.A. (BIT:PTR) signed a framework agreement to acquire an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer for €3.8 million on February 24, 2021. Pursuant to the terms of the transaction, €2.5 million will be paid in cash to Stefano Casini, while the remaining price of €1.3 million will be paid in kind, through the assignment to Camer of newly issued Pattern S.p.A., ordinary shares, to be subscribed in the as part of a capital increase in kind to service the transaction reserved for Camer. Camer will be selling 10% stake whereas Stefano Casini will be selling the remaining 19% stake in S.M.T. srl Società Manifattura Tessile. As a result of the transaction, stake of Pattern S.p.A., in S.M.T. srl Società Manifattura Tessile will be increased from 51% to 80%. Founder and Chief Executive Officer of S.M.T. srl Società Manifattura Tessile, Stefano Casini will be appointed as a member of the CDA of Pattern S.p.A. Furthermore, the agreement provides for the formalization at the closing of two Shareholders' Agreements, an agreement between Pattern and Camer concerning the S.M.T. srl Società Manifattura Tessile investments regulating among other things the appointment of a new board of directors of S.M.T. srl Società Manifattura Tessile made up of 3 members, of which 2 appointed by Pattern S.p.A. and one by Camer and the appointment of the managing director from among the members designated by Camer and the chairman of the board among members designated by Pattern S.p.A. The Board of Directors of Pattern S.p.A. approved the transaction. The transaction is expected to complete on March 5, 2021. Pattern S.p.A. (BIT:PTR) completed the acquisition of an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer on March 5, 2021.お知らせ • Feb 26Pattern S.p.A. (BIT:PTR) signed a framework agreement to acquire an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer for €3.8 million.Pattern S.p.A. (BIT:PTR) signed a framework agreement to acquire an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer for €3.8 million on February 24, 2021. Pursuant to the terms of the transaction, €2.5 million will be paid in cash to Stefano Casini, while the remaining price of €1.3 million will be paid in kind, through the assignment to Camer of newly issued Pattern S.p.A., ordinary shares, to be subscribed in the as part of a capital increase in kind to service the transaction reserved for Camer. Camer will be selling 10% stake whereas Stefano Casini will be selling the remaining 19% stake in S.M.T. srl Società Manifattura Tessile. As a result of the transaction, stake of Pattern S.p.A., in S.M.T. srl Società Manifattura Tessile will be increased from 51% to 80%. Founder and Chief Executive Officer of S.M.T. srl Società Manifattura Tessile, Stefano Casini will be appointed as a member of the CDA of Pattern S.p.A. Furthermore, the agreement provides for the formalization at the closing of two Shareholders' Agreements, an agreement between Pattern and Camer concerning the S.M.T. srl Società Manifattura Tessile investments regulating among other things the appointment of a new board of directors of S.M.T. srl Società Manifattura Tessile made up of 3 members, of which 2 appointed by Pattern S.p.A. and one by Camer and the appointment of the managing director from among the members designated by Camer and the chairman of the board among members designated by Pattern S.p.A. The Board of Directors of Pattern S.p.A. approved the transaction. The transaction is expected to complete on March 5, 2021.Is New 90 Day High Low • Feb 25New 90-day high: €4.60The company is up 20% from its price of €3.82 on 26 November 2020. The Italian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.79 per share.Price Target Changed • Feb 18Price target raised to €5.05Up from €4.65, the current price target is an average from 2 analysts. The new target price is 14% above the current share price of €4.44. As of last close, the stock is down 15% over the past year.分析記事 • Feb 02Pattern's(BIT:PTR) Share Price Is Down 18% Over The Past Year.While not a mind-blowing move, it is good to see that the Pattern S.p.A. ( BIT:PTR ) share price has gained 18% in the...分析記事 • Jan 12Here's Why We Don't Think Pattern's (BIT:PTR) Statutory Earnings Reflect Its Underlying Earnings PotentialStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...Is New 90 Day High Low • Jan 04New 90-day high: €4.07The company is up 10.0% from its price of €3.71 on 06 October 2020. The Italian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.61 per share.分析記事 • Dec 16Returns On Capital At Pattern (BIT:PTR) Paint An Interesting PictureIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Is New 90 Day High Low • Dec 11New 90-day high: €4.00The company is up 14% from its price of €3.50 on 11 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.61 per share.分析記事 • Nov 25Should You Be Excited About Pattern S.p.A.'s (BIT:PTR) 19% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...Is New 90 Day High Low • Nov 24New 90-day high: €3.82The company is up 8.0% from its price of €3.53 on 26 August 2020. The Italian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.Major Estimate Revision • Oct 21Analysts increase EPS estimates to €0.13The 2020 consensus revenue estimate increased from €47.8m to €51.2m. The earnings per share estimate also received an upgrade from €0.095 to €0.13 for the same period. Net income is expected to shrink by 46% next year compared to 6.6% growth forecast for the Luxury industry in Italy . The consensus price target was lowered from €4.65 to €4.55. Share price is up 1.1% to €3.70 over the past week.Major Estimate Revision • Oct 02Analysts increase EPS estimates to €0.095The 2020 consensus revenue estimate increased from €46.0m to €47.8m. The earnings per share estimate also received an upgrade from €0.01 to €0.095 for the same period. Net income is expected to shrink by 36% next year compared to 0.8% growth forecast for the Luxury industry in Italy . The consensus price target increased from €4.35 to €4.65. Share price is up 4.3% to €3.65 over the past week.Reported Earnings • Sep 30First half earnings releasedOver the last 12 months the company has reported total profits of €3.58m, down 1.1% from the prior year. Total revenue was €58.1m over the last 12 months, up 23% from the prior year.Is New 90 Day High Low • Sep 18New 90-day low: €3.30The company is down 14% from its price of €3.83 on 19 June 2020. The Italian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.75 per share.お知らせ • Jul 31Pattern S.p.A. (BIT:PTR) completed the acquisition of 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini.Pattern S.p.A. (BIT:PTR) entered into a preliminary contract to acquire 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini for €5.5 million on December 19, 2019. On March 31, 2020, entered into a final contract to acquire 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini. The transaction price was set at €5.5 million with a possible price adjustment linked to the closure of the 2020 financial statements of S.M.T. Srl. Pattern paid a deposit of €1.1 million, while the remaining price of the transaction will be paid upon the sale of the shares, or after the approval of S.M.T.'s 2019 financial statements. The binding preliminary contract provides for the purchase by Pattern of 51% of S.M.T. srl while the remaining 49% will remain in the property of Stefano Casini. For the year ended December 31, 2018, S.M.T. had revenues of €11.3 million. Giuseppe M. Ricci of Ricci Avvocati Associati acted as legal advisor for Pattern S.p.A. (BIT:PTR). Luca Ambroso of Studio Ranalli e Associati acted as advisor for the evaluation and negotiation aspects. Luigi Spadaccini of Studio Baldi and Riccardo Bovino of Grimaldi Studio Legale acted as legal advisor for S.M.T. Societa' Manifattura Tessile Srl. Pattern S.p.A. (BIT:PTR) completed the acquisition of 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini on March 31, 2020. The closing was held with the payment of the price balance of €4.4 million and the simultaneous sale of the shares by the founder of S.M.T. Stefano Casini. Also today, the shareholders' agreement was formalized to regulate, among other things, the designation of a new Board of Directors of S.M.T. made up of 3 members, 2 of whom are appointed by Pattern and one is appointed by Stefano Casini; the appointment of Stefano Casini as Chief Executive Officer and a 5-year lock-up restriction for S.M.T. to guarantee a stable management of the company.財務状況分析短期負債: PTRの 短期資産 ( €61.3M ) が 短期負債 ( €35.2M ) を超えています。長期負債: PTRの短期資産 ( €61.3M ) が 長期負債 ( €45.5M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: PTRの 純負債対資本比率 ( 42.7% ) は 高い と見なされます。負債の削減: PTRの負債対資本比率は、過去 5 年間で71.1%から111.1%に増加しました。債務返済能力: PTRの負債は 営業キャッシュフロー によって 十分にカバーされていません ( 13.9% )。インタレストカバレッジ: PTRの負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 15:54終値2026/05/22 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Pattern 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。3 アナリスト機関Gianluca MozzaliCFO SIM S.p.A.Arianna TerazziIntesa Sanpaolo Equity ResearchValentina RomitelliValueTrack
分析記事 • Dec 02These 4 Measures Indicate That Pattern (BIT:PTR) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Oct 29Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • May 26Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Upcoming Dividend • May 11Upcoming dividend of €0.035 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (2.2%).
Buy Or Sell Opportunity • May 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 29% to €2.50. The fair value is estimated to be €3.15, 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. Meanwhile, the company became loss making. Revenue is forecast to grow by 1.7% in a year. Earnings are forecast to grow by 75% in the next year.
Major Estimate Revision • Apr 07Consensus EPS estimates upgraded to €0.05 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.07 to -€0.05 per share. Revenue forecast unchanged from €117.7m at last update. Luxury industry in Italy expected to see average net income growth of 28% next year. Consensus price target of €5.43 unchanged from last update. Share price fell 9.4% to €2.80 over the past week.
お知らせ • Apr 06Pattern S.p.A., Annual General Meeting, Apr 20, 2026Pattern S.p.A., Annual General Meeting, Apr 20, 2026, at 11:00 W. Europe Standard Time. Location: via nazioni unite n 19, collegno to Italy
Major Estimate Revision • Mar 26Consensus EPS estimates fall by 40%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.05 to -€0.07 per share. Revenue forecast of €118.3m unchanged since last update. Luxury industry in Italy expected to see average net income growth of 28% next year. Consensus price target of €5.35 unchanged from last update. Share price fell 8.2% to €3.03 over the past week.
Reported Earnings • Mar 19Full year 2025 earnings releasedFull year 2025 results: Revenue: €117.0m (down 7.0% from FY 2024). Net loss: €2.29m (down €2.66m from profit in FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Luxury industry in Italy.
New Risk • Mar 03New 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 5.2% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (€48.5m market cap, or US$56.3m).
分析記事 • Jan 24Are Investors Undervaluing Pattern S.p.A. (BIT:PTR) By 29%?Key Insights The projected fair value for Pattern is €5.12 based on 2 Stage Free Cash Flow to Equity Pattern is...
Major Estimate Revision • Oct 28Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €112.2m to €109.5m. Losses expected to increase from €0.20 per share to €0.23. Luxury industry in Italy expected to see average net income growth of 11% next year. Consensus price target down from €5.55 to €5.25. Share price fell 4.0% to €3.63 over the past week.
Price Target Changed • Oct 27Price target decreased by 9.5% to €5.25Down from €5.80, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €3.71. Stock is down 38% over the past year.
Reported Earnings • Oct 05First half 2025 earnings releasedFirst half 2025 results: Revenue: €52.9m (down 11% from 1H 2024). Net loss: €1.59m (down 210% from profit in 1H 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy.
New Risk • Oct 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (€55.9m market cap, or US$65.6m).
New Risk • Jul 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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€62.7m market cap, or US$73.9m).
分析記事 • May 24Pattern S.p.A. (BIT:PTR) Shares Could Be 21% Above Their Intrinsic Value EstimateKey Insights Pattern's estimated fair value is €4.11 based on 2 Stage Free Cash Flow to Equity Pattern's €4.98 share...
Buy Or Sell Opportunity • May 22Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to €4.88. The fair value is estimated to be €4.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Buy Or Sell Opportunity • Apr 09Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 1.5% to €5.42. The fair value is estimated to be €4.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.
分析記事 • Apr 03Some Pattern S.p.A. (BIT:PTR) Analysts Just Made A Major Cut To Next Year's EstimatesToday is shaping up negative for Pattern S.p.A. ( BIT:PTR ) shareholders, with the analysts delivering a substantial...
Price Target Changed • Apr 02Price target decreased by 8.9% to €6.80Down from €7.47, the current price target is an average from 3 analysts. New target price is 37% above last closing price of €4.96. Stock is down 21% over the past year.
New Risk • Mar 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 14% 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 Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€77.8m market cap, or US$84.0m).
Reported Earnings • Mar 27Full year 2024 earnings releasedFull year 2024 results: Revenue: €128.0m (down 13% from FY 2023). Net income: €362.8k (down 98% from FY 2023). Profit margin: 0.3% (down from 14% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Luxury industry in Italy.
分析記事 • Jan 21Pattern S.p.A. (BIT:PTR) Looks Just Right With A 27% Price JumpPattern S.p.A. ( BIT:PTR ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...
Buy Or Sell Opportunity • Jan 20Now 21% overvaluedOver the last 90 days, the stock has fallen 2.3% to €5.82. The fair value is estimated to be €4.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 84%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to decline by 75% in the next 2 years.
分析記事 • Nov 08Investors Appear Satisfied With Pattern S.p.A.'s (BIT:PTR) ProspectsThere wouldn't be many who think Pattern S.p.A.'s ( BIT:PTR ) price-to-sales (or "P/S") ratio of 0.6x is worth a...
分析記事 • Oct 03We Think That There Are Issues Underlying Pattern's (BIT:PTR) EarningsPattern S.p.A.'s ( BIT:PTR ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: €60.3m (down 15% from 1H 2023). Net income: €2.16m (up 29% from 1H 2023). Profit margin: 3.6% (up from 2.4% in 1H 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Italy.
Major Estimate Revision • Jun 16Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.093 to €0.072 per share. Revenue forecast steady at €125.4m. Net income forecast to shrink 93% next year vs 11% growth forecast for Luxury industry in Italy . Consensus price target up from €7.25 to €7.43. Share price was steady at €6.20 over the past week.
Major Estimate Revision • Jun 06Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €123.8m to €126.2m. EPS estimate fell from €0.118 to €0.093 per share. Net income forecast to shrink 94% next year vs 11% growth forecast for Luxury industry in Italy . Consensus price target up from €7.00 to €7.25. Share price rose 5.3% to €6.00 over the past week.
分析記事 • Apr 25Potential Upside For Pattern S.p.A. (BIT:PTR) Not Without RiskWith a price-to-earnings (or "P/E") ratio of 3.9x Pattern S.p.A. ( BIT:PTR ) may be sending very bullish signals at the...
Price Target Changed • Apr 09Price target decreased by 13% to €7.00Down from €8.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of €6.00. Stock is down 14% over the past year.
Major Estimate Revision • Apr 03Consensus EPS estimates fall by 51%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €131.5m to €120.8m. EPS estimate also fell from €0.245 per share to €0.12 per share. Net income forecast to shrink 93% next year vs 12% growth forecast for Luxury industry in Italy . Consensus price target down from €8.00 to €7.60. Share price was steady at €6.30 over the past week.
Recent Insider Transactions Derivative • Mar 29CEO & Director exercised options to buy €318k worth of stock.On the 27th of March, Luca Sburlati exercised options to buy 50k shares at a strike price of around €6.16, costing a total of €308k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since June 2023, Luca's direct individual holding has increased from 292.39k shares to 295.39k. Company insiders have collectively bought €328k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Mar 29Full year 2023 earnings releasedFull year 2023 results: Revenue: €147.9m (up 35% from FY 2022). Net income: €23.4m (up €20.8m from FY 2022). Profit margin: 16% (up from 2.4% in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 8.4% growth forecast for the Luxury industry in Italy.
Buy Or Sell Opportunity • Mar 27Now 28% overvaluedOver the last 90 days, the stock has fallen 6.1% to €6.20. The fair value is estimated to be €4.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 5.3% in 2 years. Earnings are forecast to grow by 50% in the next 2 years.
分析記事 • Dec 05Pattern S.p.A.'s (BIT:PTR) P/E Is Still On The Mark Following 26% Share Price BounceThose holding Pattern S.p.A. ( BIT:PTR ) shares would be relieved that the share price has rebounded 26% in the last...
Upcoming Dividend • Dec 04Upcoming dividend of €0.58 per share at 1.0% yieldEligible shareholders must have bought the stock before 11 December 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (2.0%).
分析記事 • Dec 02These 4 Measures Indicate That Pattern (BIT:PTR) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Oct 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 34% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Profit margins are more than 30% lower than last year (1.8% net profit margin).
Reported Earnings • Sep 28First half 2023 earnings releasedFirst half 2023 results: Revenue: €72.1m (up 49% from 1H 2022). Net income: €2.25m (up 19% from 1H 2022). Profit margin: 3.1% (down from 3.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Luxury industry in Italy.
お知らせ • Jul 28Pattern S.p.A. (BIT:PTR) acquired additional 30% stake of Dyloan Bond Factory Srl.Pattern S.p.A. (BIT:PTR) signed an agreement to acquire additional 30% stake of Dyloan Bond Factory Srl for €4 million on July 3, 2023. Closing is expected by the end of July 2023. In addition, subject to the closing of the transaction, the parties have agreed to permanently waive the price adjustment mechanism under the 2022 investment agreement and that Anna Maria di Rienzo will permanently waive the additional amounts of complement price under the agreement. Pattern S.p.A. (BIT:PTR) completed the acquisition of additional 30% stake of Dyloan Bond Factory Srl on July 27, 2023.
Buying Opportunity • Jul 03Now 21% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be €8.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 6.5%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.
Recent Insider Transactions • Feb 05CEO & Director recently sold €351k worth of stockOn the 2nd of February, Luca Sburlati sold around 47k shares on-market at roughly €7.40 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Luca has been a net seller over the last 12 months, reducing personal holdings by €1.4m.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to €7.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.18 per share.
お知らせ • Jan 20Pattern S.p.A. announced that it has received funding from Axon Partners Group, S.A.Pattern S.p.A. announced a private placement and issued common shares on January 18, 2023. The transaction included participation from returning investor, Axon Partners Group, S.A.,. The investor stake is exceeds 5% in the company's capital, now owning 715,664 ordinary shares of the company.
お知らせ • Dec 23Pattern S.p.A. (BIT:PTR) entered into a binding agreement to acquire Nuova Nicol Srl for €6 million.Pattern S.p.A. (BIT:PTR) entered into a binding agreement to acquire Nuova Nicol Srl for €6 million on December 21, 2022.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Chairman of Board of Statutory Auditors David Russo was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €6.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Luxury industry in Italy. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.32 per share.
Reported Earnings • Sep 27First half 2022 earnings released: EPS: €0 (vs €0.083 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €49.1m (up 59% from 1H 2021). Net income: €2.50m (up 113% from 1H 2021). Profit margin: 5.1% (up from 3.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy.
Recent Insider Transactions • Jul 02CEO & Director recently sold €733k worth of stockOn the 30th of June, Luca Sburlati sold around 130k shares on-market at roughly €5.64 per share. This was the largest sale by an insider in the last 3 months. Luca has been a seller over the last 12 months, reducing personal holdings by €1.0m.
Major Estimate Revision • May 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €94.7m to €93.6m. EPS estimate rose from €0.23 to €0.27. Net income forecast to grow 26% next year vs 15% growth forecast for Luxury industry in Italy. Consensus price target broadly unchanged at €8.15. Share price fell 7.9% to €5.38 over the past week.
Upcoming Dividend • May 16Upcoming dividend of €0.071 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Italian dividend payers (4.7%). In line with average of industry peers (1.4%).
Recent Insider Transactions • Apr 29CEO & Director recently sold €308k worth of stockOn the 22nd of April, Luca Sburlati sold around 60k shares on-market at roughly €5.14 per share. This was the largest sale by an insider in the last 3 months. This was Luca's only on-market trade for the last 12 months.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Director Stefano Casini was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 17Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.21 (up from €0.17 in FY 2020). Revenue: €69.6m (up 32% from FY 2020). Net income: €3.00m (up 32% from FY 2020). Profit margin: 4.3% (in line with FY 2020). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 36%, compared to a 15% growth forecast for the industry in Italy.
Buying Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be €6.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last year. Earnings per share has declined by 34% over the last year.
分析記事 • Dec 30Calculating The Fair Value Of Pattern S.p.A. (BIT:PTR)How far off is Pattern S.p.A. ( BIT:PTR ) from its intrinsic value? Using the most recent financial data, we'll take a...
Price Target Changed • Dec 02Price target increased to €7.95Up from €6.80, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €6.26. Stock is up 63% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.17 last year.
分析記事 • Oct 29Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to €5.44, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Luxury industry in Italy. Total returns to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.14 per share.
Price Target Changed • Oct 05Price target increased to €6.80Up from €6.25, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €5.00. Stock is up 35% over the past year.
Reported Earnings • Oct 03First half 2021 earnings released: EPS €0.083 (vs €0.075 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €30.9m (up 30% from 1H 2020). Net income: €1.17m (up 14% from 1H 2020). Profit margin: 3.8% (down from 4.3% in 1H 2020). The decrease in margin was driven by higher expenses.
分析記事 • May 26Does Pattern (BIT:PTR) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Upcoming Dividend • May 17Upcoming dividend of €0.028 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 0.6%. Lower than top quartile of Italian dividend payers (3.8%). Lower than average of industry peers (1.0%).
分析記事 • May 05Are Investors Undervaluing Pattern S.p.A. (BIT:PTR) By 39%?How far off is Pattern S.p.A. ( BIT:PTR ) from its intrinsic value? Using the most recent financial data, we'll take a...
Reported Earnings • Apr 20Full year 2020 earnings released: EPS €0.17 (vs €0.28 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €52.7m (down 5.3% from FY 2019). Net income: €2.27m (down 40% from FY 2019). Profit margin: 4.3% (down from 6.8% in FY 2019). The decrease in margin was driven by lower revenue.
分析記事 • Apr 12Capital Allocation Trends At Pattern (BIT:PTR) Aren't IdealWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
分析記事 • Mar 11Is Pattern S.p.A.'s (BIT:PTR) 19% ROE Better Than Average?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
お知らせ • Mar 07Pattern S.p.A. (BIT:PTR) completed the acquisition of an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer.Pattern S.p.A. (BIT:PTR) signed a framework agreement to acquire an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer for €3.8 million on February 24, 2021. Pursuant to the terms of the transaction, €2.5 million will be paid in cash to Stefano Casini, while the remaining price of €1.3 million will be paid in kind, through the assignment to Camer of newly issued Pattern S.p.A., ordinary shares, to be subscribed in the as part of a capital increase in kind to service the transaction reserved for Camer. Camer will be selling 10% stake whereas Stefano Casini will be selling the remaining 19% stake in S.M.T. srl Società Manifattura Tessile. As a result of the transaction, stake of Pattern S.p.A., in S.M.T. srl Società Manifattura Tessile will be increased from 51% to 80%. Founder and Chief Executive Officer of S.M.T. srl Società Manifattura Tessile, Stefano Casini will be appointed as a member of the CDA of Pattern S.p.A. Furthermore, the agreement provides for the formalization at the closing of two Shareholders' Agreements, an agreement between Pattern and Camer concerning the S.M.T. srl Società Manifattura Tessile investments regulating among other things the appointment of a new board of directors of S.M.T. srl Società Manifattura Tessile made up of 3 members, of which 2 appointed by Pattern S.p.A. and one by Camer and the appointment of the managing director from among the members designated by Camer and the chairman of the board among members designated by Pattern S.p.A. The Board of Directors of Pattern S.p.A. approved the transaction. The transaction is expected to complete on March 5, 2021. Pattern S.p.A. (BIT:PTR) completed the acquisition of an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer on March 5, 2021.
お知らせ • Feb 26Pattern S.p.A. (BIT:PTR) signed a framework agreement to acquire an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer for €3.8 million.Pattern S.p.A. (BIT:PTR) signed a framework agreement to acquire an additional 29% stake in S.M.T. srl Società Manifattura Tessile from Stefano Casini and Camer for €3.8 million on February 24, 2021. Pursuant to the terms of the transaction, €2.5 million will be paid in cash to Stefano Casini, while the remaining price of €1.3 million will be paid in kind, through the assignment to Camer of newly issued Pattern S.p.A., ordinary shares, to be subscribed in the as part of a capital increase in kind to service the transaction reserved for Camer. Camer will be selling 10% stake whereas Stefano Casini will be selling the remaining 19% stake in S.M.T. srl Società Manifattura Tessile. As a result of the transaction, stake of Pattern S.p.A., in S.M.T. srl Società Manifattura Tessile will be increased from 51% to 80%. Founder and Chief Executive Officer of S.M.T. srl Società Manifattura Tessile, Stefano Casini will be appointed as a member of the CDA of Pattern S.p.A. Furthermore, the agreement provides for the formalization at the closing of two Shareholders' Agreements, an agreement between Pattern and Camer concerning the S.M.T. srl Società Manifattura Tessile investments regulating among other things the appointment of a new board of directors of S.M.T. srl Società Manifattura Tessile made up of 3 members, of which 2 appointed by Pattern S.p.A. and one by Camer and the appointment of the managing director from among the members designated by Camer and the chairman of the board among members designated by Pattern S.p.A. The Board of Directors of Pattern S.p.A. approved the transaction. The transaction is expected to complete on March 5, 2021.
Is New 90 Day High Low • Feb 25New 90-day high: €4.60The company is up 20% from its price of €3.82 on 26 November 2020. The Italian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.79 per share.
Price Target Changed • Feb 18Price target raised to €5.05Up from €4.65, the current price target is an average from 2 analysts. The new target price is 14% above the current share price of €4.44. As of last close, the stock is down 15% over the past year.
分析記事 • Feb 02Pattern's(BIT:PTR) Share Price Is Down 18% Over The Past Year.While not a mind-blowing move, it is good to see that the Pattern S.p.A. ( BIT:PTR ) share price has gained 18% in the...
分析記事 • Jan 12Here's Why We Don't Think Pattern's (BIT:PTR) Statutory Earnings Reflect Its Underlying Earnings PotentialStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...
Is New 90 Day High Low • Jan 04New 90-day high: €4.07The company is up 10.0% from its price of €3.71 on 06 October 2020. The Italian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.61 per share.
分析記事 • Dec 16Returns On Capital At Pattern (BIT:PTR) Paint An Interesting PictureIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Is New 90 Day High Low • Dec 11New 90-day high: €4.00The company is up 14% from its price of €3.50 on 11 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.61 per share.
分析記事 • Nov 25Should You Be Excited About Pattern S.p.A.'s (BIT:PTR) 19% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Is New 90 Day High Low • Nov 24New 90-day high: €3.82The company is up 8.0% from its price of €3.53 on 26 August 2020. The Italian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.
Major Estimate Revision • Oct 21Analysts increase EPS estimates to €0.13The 2020 consensus revenue estimate increased from €47.8m to €51.2m. The earnings per share estimate also received an upgrade from €0.095 to €0.13 for the same period. Net income is expected to shrink by 46% next year compared to 6.6% growth forecast for the Luxury industry in Italy . The consensus price target was lowered from €4.65 to €4.55. Share price is up 1.1% to €3.70 over the past week.
Major Estimate Revision • Oct 02Analysts increase EPS estimates to €0.095The 2020 consensus revenue estimate increased from €46.0m to €47.8m. The earnings per share estimate also received an upgrade from €0.01 to €0.095 for the same period. Net income is expected to shrink by 36% next year compared to 0.8% growth forecast for the Luxury industry in Italy . The consensus price target increased from €4.35 to €4.65. Share price is up 4.3% to €3.65 over the past week.
Reported Earnings • Sep 30First half earnings releasedOver the last 12 months the company has reported total profits of €3.58m, down 1.1% from the prior year. Total revenue was €58.1m over the last 12 months, up 23% from the prior year.
Is New 90 Day High Low • Sep 18New 90-day low: €3.30The company is down 14% from its price of €3.83 on 19 June 2020. The Italian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.75 per share.
お知らせ • Jul 31Pattern S.p.A. (BIT:PTR) completed the acquisition of 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini.Pattern S.p.A. (BIT:PTR) entered into a preliminary contract to acquire 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini for €5.5 million on December 19, 2019. On March 31, 2020, entered into a final contract to acquire 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini. The transaction price was set at €5.5 million with a possible price adjustment linked to the closure of the 2020 financial statements of S.M.T. Srl. Pattern paid a deposit of €1.1 million, while the remaining price of the transaction will be paid upon the sale of the shares, or after the approval of S.M.T.'s 2019 financial statements. The binding preliminary contract provides for the purchase by Pattern of 51% of S.M.T. srl while the remaining 49% will remain in the property of Stefano Casini. For the year ended December 31, 2018, S.M.T. had revenues of €11.3 million. Giuseppe M. Ricci of Ricci Avvocati Associati acted as legal advisor for Pattern S.p.A. (BIT:PTR). Luca Ambroso of Studio Ranalli e Associati acted as advisor for the evaluation and negotiation aspects. Luigi Spadaccini of Studio Baldi and Riccardo Bovino of Grimaldi Studio Legale acted as legal advisor for S.M.T. Societa' Manifattura Tessile Srl. Pattern S.p.A. (BIT:PTR) completed the acquisition of 51% stake in S.M.T. Societa' Manifattura Tessile Srl from Stefano Casini on March 31, 2020. The closing was held with the payment of the price balance of €4.4 million and the simultaneous sale of the shares by the founder of S.M.T. Stefano Casini. Also today, the shareholders' agreement was formalized to regulate, among other things, the designation of a new Board of Directors of S.M.T. made up of 3 members, 2 of whom are appointed by Pattern and one is appointed by Stefano Casini; the appointment of Stefano Casini as Chief Executive Officer and a 5-year lock-up restriction for S.M.T. to guarantee a stable management of the company.