View Past PerformancePowersoft バランスシートの健全性財務の健全性 基準チェック /46Powersoftの総株主資本は€42.6M 、総負債は€50.3Mで、負債比率は118%となります。総資産と総負債はそれぞれ€120.8Mと€78.1Mです。 Powersoftの EBIT は€18.5Mで、利息カバレッジ比率15.1です。現金および短期投資は€19.0Mです。主要情報118.01%負債資本比率€50.31m負債インタレスト・カバレッジ・レシオ15.1x現金€18.99mエクイティ€42.64m負債合計€78.14m総資産€120.78m財務の健全性に関する最新情報分析記事 • Nov 24Powersoft (BIT:PWS) Seems To Use Debt Rather SparinglyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...すべての更新を表示Recent updatesReported Earnings • Mar 25Full year 2025 earnings releasedFull year 2025 results: Revenue: €94.4m (up 32% from FY 2024). Net income: €9.93m (down 20% from FY 2024). Profit margin: 11% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Italy.お知らせ • Mar 25Powersoft S.p.A. announces Annual dividend, payable on June 24, 2026Powersoft S.p.A. announced Annual dividend of EUR 0.7800 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.分析記事 • Oct 04Bearish: This Analyst Is Revising Their Powersoft S.p.A. (BIT:PWS) Revenue and EPS PrognosticationsMarket forces rained on the parade of Powersoft S.p.A. ( BIT:PWS ) shareholders today, when the covering analyst...Major Estimate Revision • Oct 03Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €99.0m to €88.0m. EPS estimate fell from €1.25 to €0.981 per share. Net income forecast to grow 26% next year vs 22% growth forecast for Consumer Durables industry in Italy. Consensus price target of €21.00 unchanged from last update. Share price was steady at €17.80 over the past week.Reported Earnings • Sep 29First half 2025 earnings releasedFirst half 2025 results: Revenue: €41.1m (up 13% from 1H 2024). Net income: €5.23m (down 17% from 1H 2024). Profit margin: 13% (down from 17% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Consumer Durables industry in Italy.New Risk • Sep 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (123% cash payout ratio).Buy Or Sell Opportunity • Sep 10Now 20% undervaluedOver the last 90 days, the stock has risen 3.7% to €19.85. The fair value is estimated to be €24.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.Buy Or Sell Opportunity • Aug 22Now 21% undervaluedOver the last 90 days, the stock has risen 16% to €20.10. The fair value is estimated to be €25.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.Buy Or Sell Opportunity • Jul 29Now 23% undervaluedOver the last 90 days, the stock has risen 31% to €20.50. The fair value is estimated to be €26.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.Upcoming Dividend • Jul 21Upcoming dividend of €0.82 per shareEligible shareholders must have bought the stock before 28 July 2025. Payment date: 30 July 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.1%). In line with average of industry peers (4.2%).New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.8% 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 High level of non-cash earnings (55% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 16x cash flows per share). Share price has been volatile over the past 3 months (6.8% average weekly change).分析記事 • Apr 07Powersoft's (BIT:PWS) Earnings Might Be Weaker Than You ThinkPowersoft S.p.A.'s ( BIT:PWS ) solid earnings report last week was underwhelming to investors. We think that they may...お知らせ • Apr 03Powersoft S.p.A. (BIT:PWS) completed the acquisition of 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa.Powersoft S.p.A. (BIT:PWS) signed binding investment agreement to acquire 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa for €37.5 million on February 20, 2025. As part of consideration, 60% of the Stake Price minus the Reinvestment Amount will be paid in cash on the closing date, the remaining 40% of the Stake Price will be paid in cash in 4 equal annual tranches starting on the first anniversary of the closing, on which no interest will accrue. A cash consideration of €15.3 million will be paid by Powersoft S.p.A. As part of consideration, €25.5 million is paid towards common equity of K - Array S.R.L. Unipersonale and €22.2 million is paid as earnout. The Agreement envisages the recognition to HP Sound of (i) a contingent earn-out of €4 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2027, as well as (ii) a further contingent earn-out of €8 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2030.The Agreement also envisages the mutual granting of call and put options in favour of Powersoft and HP Sound, respectively, on the remaining 49% of K-Array’s share capital. The Agreement also includes HP Sound’s commitment to transfer to K-Array, before the closing, 50% of the share capital of K-Array USA LLC, a company under U.S. law, active in the distribution of K-Array products in the United States. The transaction is expected to complete in March 2025. Intermonte SIM S.p.A. acted as financial advisor for Powersoft S.p.A. Gianni & Origoni Law Firm acted as legal advisor for Powersoft S.p.A. EY S.p.A. acted as due diligence provider for Powersoft S.p.A. Studio Biscozzi Nobili acted as due diligence provider for Powersoft S.p.A. Simone Pratesi, Vieri Spadoni, and Marina Pratesi of Nobel Partners Advisory S.r.l. acted as financial advisor for H.P. Sound Equipment Spa. Marco Simion of Harpalis acted as legal advisor for H.P. Sound Equipment Spa. Powersoft S.p.A. (BIT:PWS) completed the acquisition of 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa on April 1, 2025.Reported Earnings • Apr 01Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €1.04 (up from €1.02 in FY 2023). Revenue: €72.4m (up 4.3% from FY 2023). Net income: €12.3m (up 2.4% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 23% p.a. on average during the next 2 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 increased by 48% per year whereas the company’s share price has increased by 51% per year.お知らせ • Mar 18Powersoft S.p.A. announces Annual dividend, payable on July 30, 2025Powersoft S.p.A. announced Annual dividend of EUR 0.8200 per share payable on July 30, 2025, ex-date on July 28, 2025 and record date on July 29, 2025.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €15.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Consumer Durables industry in Italy. Total returns to shareholders of 339% over the past three years.お知らせ • Feb 21Powersoft S.p.A. (BIT:PWS) signed binding investment agreement to acquire 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa for €29.5 million.Powersoft S.p.A. (BIT:PWS) signed binding investment agreement to acquire 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa for €29.5 million on February 20, 2025. A cash consideration of €25.5 million will be paid by Powersoft S.p.A. As part of consideration, €25.5 million is paid towards common equity of K - Array S.R.L. Unipersonale. The Agreement envisages the recognition to HP Sound of (i) a contingent earn-out of €4 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2027, as well as (ii) a further contingent earn-out of €8 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2030.The Agreement also envisages the mutual granting of call and put options in favour of Powersoft and HP Sound, respectively, on the remaining 49% of K-Array’s share capital. The Agreement also includes HP Sound’s commitment to transfer to K-Array, before the closing, 50% of the share capital of K-Array USA LLC, a company under U.S. law, active in the distribution of K-Array products in the United States. The transaction is expected to complete in March 2025. Intermonte SIM S.p.A. acted as financial advisor for Powersoft S.p.A. Gianni & Origoni Law Firm acted as legal advisor for Powersoft S.p.A. EY S.p.A. acted as due diligence provider for Powersoft S.p.A. Studio Biscozzi Nobili acted as due diligence provider for Powersoft S.p.A. Simone Pratesi, Vieri Spadoni, and Marina Pratesi of Nobel Partners Advisory S.r.l. acted as financial advisor for H.P. Sound Equipment Spa. Marco Simion of Harpalis acted as legal advisor for H.P. Sound Equipment Spa.分析記事 • Feb 21Subdued Growth No Barrier To Powersoft S.p.A. (BIT:PWS) With Shares Advancing 25%Despite an already strong run, Powersoft S.p.A. ( BIT:PWS ) shares have been powering on, with a gain of 25% in the...New Risk • Feb 20New 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 5.4% 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 High level of non-cash earnings (96% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change).Buy Or Sell Opportunity • Feb 20Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 34% to €15.90. The fair value is estimated to be €12.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.分析記事 • Oct 07Some Confidence Is Lacking In Powersoft S.p.A.'s (BIT:PWS) P/EIt's not a stretch to say that Powersoft S.p.A.'s ( BIT:PWS ) price-to-earnings (or "P/E") ratio of 13.4x right now...分析記事 • Sep 19A Look At The Intrinsic Value Of Powersoft S.p.A. (BIT:PWS)Key Insights Using the 2 Stage Free Cash Flow to Equity, Powersoft fair value estimate is €13.62 Current share price of...Upcoming Dividend • Jun 17Upcoming dividend of €0.85 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (2.6%).New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (80% accrual ratio). Minor Risks Dividend is not well covered by cash flows (283% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Buy Or Sell Opportunity • Apr 30Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to €15.60. The fair value is estimated to be €12.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.分析記事 • Apr 25Impressive Earnings May Not Tell The Whole Story For Powersoft (BIT:PWS)Last week's profit announcement from Powersoft S.p.A. ( BIT:PWS ) was underwhelming for investors, despite headline...Reported Earnings • Apr 09Full year 2023 earnings releasedFull year 2023 results: Revenue: €70.3m (up 45% from FY 2022). Net income: €12.1m (up 90% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Italy.Buy Or Sell Opportunity • Mar 12Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to €16.90. The fair value is estimated to be €13.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.Buy Or Sell Opportunity • Feb 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 71% to €16.40. The fair value is estimated to be €13.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.New Risk • Feb 16New 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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €13.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 273% over the past three years.分析記事 • Jan 19Powersoft S.p.A.'s (BIT:PWS) 28% Share Price Surge Not Quite Adding UpPowersoft S.p.A. ( BIT:PWS ) shares have continued their recent momentum with a 28% gain in the last month alone. The...分析記事 • Jan 09A Look At The Intrinsic Value Of Powersoft S.p.A. (BIT:PWS)Key Insights Powersoft's estimated fair value is €11.56 based on 2 Stage Free Cash Flow to Equity With €11.30 share...Buying Opportunity • Dec 06Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be €11.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 34% in 2 years. Earnings is forecast to grow by 27% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 175% over the past three years.分析記事 • Nov 24Powersoft (BIT:PWS) Seems To Use Debt Rather SparinglyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Oct 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.4m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€94.4m market cap, or US$99.1m).Major Estimate Revision • Oct 06Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €62.3m to €65.7m. EPS estimate increased from €0.649 to €0.804 per share. Net income forecast to grow 4.1% next year vs 19% growth forecast for Consumer Durables industry in Italy. Consensus price target up from €10.50 to €12.00. Share price fell 4.7% to €8.10 over the past week.New Risk • Oct 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Short dividend paying track record (1 year of continuous dividend payments).Buying Opportunity • Jun 30Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €8.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.分析記事 • Jun 30A Look At The Intrinsic Value Of Powersoft S.p.A. (BIT:PWS)Key Insights The projected fair value for Powersoft is €8.60 based on 2 Stage Free Cash Flow to Equity Powersoft's...Upcoming Dividend • May 29Upcoming dividend of €0.34 per share at 7.3% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.1%).Upcoming Dividend • May 01Upcoming dividend of €0.48 per share at 6.8% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 6.8%. Within top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (2.0%).Buying Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock is up 38%. The fair value is estimated to be €8.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.Major Estimate Revision • Apr 12Consensus revenue estimates increase by 31%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from €47.5m to €62.3m. EPS estimate increased from €0.422 to €0.649 per share. Net income forecast to grow 103% next year vs 24% growth forecast for Consumer Durables industry in Italy. Consensus price target up from €7.40 to €10.50. Share price rose 2.2% to €7.05 over the past week.Valuation Update With 7 Day Price Move • Mar 28Investor sentiment improves as stock rises 34%After last week's 34% share price gain to €6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 63% over the past three years.お知らせ • Jan 26+ 1 more updatePowersoft S.p.A., Annual General Meeting, Apr 27, 2023Powersoft S.p.A., Annual General Meeting, Apr 27, 2023. Agenda: Annual General Meeting.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 the Supervisory Board & Member of the Board of Statutory Auditors Federica Menichetti was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0.12 (vs €0.082 in 1H 2021)First half 2022 results: EPS: €0.12 (up from €0.082 in 1H 2021). Revenue: €19.7m (up 25% from 1H 2021). Net income: €1.40m (up 54% from 1H 2021). Profit margin: 7.1% (up from 5.8% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% 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 • May 03Powersoft (BIT:PWS) May Have Issues Allocating Its CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Board Change • Apr 27Less 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 the Supervisory Board & Member of the Board of Statutory Auditors Federica Menichetti was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 17Full year 2021 earnings released: EPS: €0.20 (vs €0.16 in FY 2020)Full year 2021 results: EPS: €0.20 (up from €0.16 in FY 2020). Revenue: €33.5m (up 11% from FY 2020). Net income: €2.26m (up 30% from FY 2020). Profit margin: 6.8% (up from 5.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jan 28+ 1 more updatePowersoft S.p.A. to Report Fiscal Year 2021 Results on Mar 28, 2022Powersoft S.p.A. announced that they will report fiscal year 2021 results on Mar 28, 2022Reported Earnings • Oct 05First half 2021 earnings releasedThe company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €16.1m (up 13% from 1H 2020). Net income: €912.0k (up 7.5% from 1H 2020). Profit margin: 5.7% (down from 5.9% in 1H 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 27% share price gain to €6.00, the stock trades at a trailing P/E ratio of 38.2x. Average forward P/E is 15x in the Consumer Durables industry in Italy. Total returns to shareholders of 67% over the past year.分析記事 • Sep 07Returns On Capital Signal Tricky Times Ahead For Powersoft (BIT:PWS)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...分析記事 • May 06Calculating The Fair Value Of Powersoft S.p.A. (BIT:PWS)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Powersoft S.p.A...Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to €4.66, the stock trades at a trailing P/E ratio of 29.6x. Average forward P/E is 14x in the Consumer Durables industry in Italy. Total returns to shareholders of 10% over the past year.Reported Earnings • Apr 05Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €31.4m (down 17% from FY 2019). Net income: €1.74m (down 42% from FY 2019). Profit margin: 5.5% (down from 8.0% in FY 2019). The decrease in margin was driven by lower revenue.分析記事 • Mar 30Here's What's Concerning About Powersoft's (BIT:PWS) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Is New 90 Day High Low • Feb 08New 90-day high: €4.26The company is up 18% from its price of €3.62 on 10 November 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 12% over the same period.分析記事 • Feb 05Should Weakness in Powersoft S.p.A.'s (BIT:PWS) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?With its stock down 3.0% over the past week, it is easy to disregard Powersoft (BIT:PWS). However, stock prices are...お知らせ • Jan 28+ 2 more updatesPowersoft S.p.A., Annual General Meeting, Apr 29, 2021Powersoft S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To approve the draft financial statements as at 31 December 2020.分析記事 • Dec 31How Much Did Powersoft's(BIT:PWS) Shareholders Earn From Share Price Movements Over The Last Year?It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...Price Target Changed • Dec 30Price target lowered to €5.00Down from €6.00, the current price target is provided by 1 analyst. The new target price is 27% above the current share price of €3.94. As of last close, the stock is down 20% over the past year.分析記事 • Nov 26Should You Be Impressed By Powersoft's (BIT:PWS) Returns on Capital?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Nov 24New 90-day high: €4.04The company is up 12% from its price of €3.62 on 26 August 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 6.0% over the same period.Is New 90 Day High Low • Oct 25New 90-day high: €3.96The company is up 2.0% from its price of €3.90 on 27 July 2020. The Italian market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 17% over the same period.Reported Earnings • Oct 06First half earnings releasedOver the last 12 months the company has reported total profits of €2.24m, down 20% from the prior year. Total revenue was €33.3m over the last 12 months, down 6.0% from the prior year.Reported Earnings • Oct 04First half earnings releasedOver the last 12 months the company has reported total profits of €2.24m, down 20% from the prior year. Total revenue was €33.6m over the last 12 months, down 5.3% from the prior year.財務状況分析短期負債: PWSの 短期資産 ( €62.0M ) が 短期負債 ( €22.9M ) を超えています。長期負債: PWSの短期資産 ( €62.0M ) が 長期負債 ( €55.2M ) 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: PWSの 純負債対資本比率 ( 73.5% ) は 高い と見なされます。負債の削減: PWSの負債対資本比率は、過去 5 年間で0.1%から118%に増加しました。債務返済能力: PWSの負債は 営業キャッシュフロー によって 十分にカバー されています ( 41.2% )。インタレストカバレッジ: PWSの負債に対する 利息支払い は EBIT ( 15.1 x coverage) によって 十分にカバーされています。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2026/05/20 03:34終値2026/05/20 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Powersoft 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Andrea ZampaloniAlantra Capital Markets ResearchCarlo MaritanoIntermonte SIM S.p.A.
分析記事 • Nov 24Powersoft (BIT:PWS) Seems To Use Debt Rather SparinglyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Mar 25Full year 2025 earnings releasedFull year 2025 results: Revenue: €94.4m (up 32% from FY 2024). Net income: €9.93m (down 20% from FY 2024). Profit margin: 11% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Italy.
お知らせ • Mar 25Powersoft S.p.A. announces Annual dividend, payable on June 24, 2026Powersoft S.p.A. announced Annual dividend of EUR 0.7800 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
分析記事 • Oct 04Bearish: This Analyst Is Revising Their Powersoft S.p.A. (BIT:PWS) Revenue and EPS PrognosticationsMarket forces rained on the parade of Powersoft S.p.A. ( BIT:PWS ) shareholders today, when the covering analyst...
Major Estimate Revision • Oct 03Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €99.0m to €88.0m. EPS estimate fell from €1.25 to €0.981 per share. Net income forecast to grow 26% next year vs 22% growth forecast for Consumer Durables industry in Italy. Consensus price target of €21.00 unchanged from last update. Share price was steady at €17.80 over the past week.
Reported Earnings • Sep 29First half 2025 earnings releasedFirst half 2025 results: Revenue: €41.1m (up 13% from 1H 2024). Net income: €5.23m (down 17% from 1H 2024). Profit margin: 13% (down from 17% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Consumer Durables industry in Italy.
New Risk • Sep 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (123% cash payout ratio).
Buy Or Sell Opportunity • Sep 10Now 20% undervaluedOver the last 90 days, the stock has risen 3.7% to €19.85. The fair value is estimated to be €24.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.
Buy Or Sell Opportunity • Aug 22Now 21% undervaluedOver the last 90 days, the stock has risen 16% to €20.10. The fair value is estimated to be €25.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.
Buy Or Sell Opportunity • Jul 29Now 23% undervaluedOver the last 90 days, the stock has risen 31% to €20.50. The fair value is estimated to be €26.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.
Upcoming Dividend • Jul 21Upcoming dividend of €0.82 per shareEligible shareholders must have bought the stock before 28 July 2025. Payment date: 30 July 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.1%). In line with average of industry peers (4.2%).
New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.8% 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 High level of non-cash earnings (55% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 16x cash flows per share). Share price has been volatile over the past 3 months (6.8% average weekly change).
分析記事 • Apr 07Powersoft's (BIT:PWS) Earnings Might Be Weaker Than You ThinkPowersoft S.p.A.'s ( BIT:PWS ) solid earnings report last week was underwhelming to investors. We think that they may...
お知らせ • Apr 03Powersoft S.p.A. (BIT:PWS) completed the acquisition of 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa.Powersoft S.p.A. (BIT:PWS) signed binding investment agreement to acquire 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa for €37.5 million on February 20, 2025. As part of consideration, 60% of the Stake Price minus the Reinvestment Amount will be paid in cash on the closing date, the remaining 40% of the Stake Price will be paid in cash in 4 equal annual tranches starting on the first anniversary of the closing, on which no interest will accrue. A cash consideration of €15.3 million will be paid by Powersoft S.p.A. As part of consideration, €25.5 million is paid towards common equity of K - Array S.R.L. Unipersonale and €22.2 million is paid as earnout. The Agreement envisages the recognition to HP Sound of (i) a contingent earn-out of €4 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2027, as well as (ii) a further contingent earn-out of €8 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2030.The Agreement also envisages the mutual granting of call and put options in favour of Powersoft and HP Sound, respectively, on the remaining 49% of K-Array’s share capital. The Agreement also includes HP Sound’s commitment to transfer to K-Array, before the closing, 50% of the share capital of K-Array USA LLC, a company under U.S. law, active in the distribution of K-Array products in the United States. The transaction is expected to complete in March 2025. Intermonte SIM S.p.A. acted as financial advisor for Powersoft S.p.A. Gianni & Origoni Law Firm acted as legal advisor for Powersoft S.p.A. EY S.p.A. acted as due diligence provider for Powersoft S.p.A. Studio Biscozzi Nobili acted as due diligence provider for Powersoft S.p.A. Simone Pratesi, Vieri Spadoni, and Marina Pratesi of Nobel Partners Advisory S.r.l. acted as financial advisor for H.P. Sound Equipment Spa. Marco Simion of Harpalis acted as legal advisor for H.P. Sound Equipment Spa. Powersoft S.p.A. (BIT:PWS) completed the acquisition of 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa on April 1, 2025.
Reported Earnings • Apr 01Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: €1.04 (up from €1.02 in FY 2023). Revenue: €72.4m (up 4.3% from FY 2023). Net income: €12.3m (up 2.4% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 23% p.a. on average during the next 2 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 increased by 48% per year whereas the company’s share price has increased by 51% per year.
お知らせ • Mar 18Powersoft S.p.A. announces Annual dividend, payable on July 30, 2025Powersoft S.p.A. announced Annual dividend of EUR 0.8200 per share payable on July 30, 2025, ex-date on July 28, 2025 and record date on July 29, 2025.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €15.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Consumer Durables industry in Italy. Total returns to shareholders of 339% over the past three years.
お知らせ • Feb 21Powersoft S.p.A. (BIT:PWS) signed binding investment agreement to acquire 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa for €29.5 million.Powersoft S.p.A. (BIT:PWS) signed binding investment agreement to acquire 51% stake in K - Array S.R.L. Unipersonale from H.P. Sound Equipment Spa for €29.5 million on February 20, 2025. A cash consideration of €25.5 million will be paid by Powersoft S.p.A. As part of consideration, €25.5 million is paid towards common equity of K - Array S.R.L. Unipersonale. The Agreement envisages the recognition to HP Sound of (i) a contingent earn-out of €4 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2027, as well as (ii) a further contingent earn-out of €8 million subject to the achievement of certain targets at the level of both Powersoft Group and K-Array stand alone based on the results of Powersoft and K-Array at December 31, 2030.The Agreement also envisages the mutual granting of call and put options in favour of Powersoft and HP Sound, respectively, on the remaining 49% of K-Array’s share capital. The Agreement also includes HP Sound’s commitment to transfer to K-Array, before the closing, 50% of the share capital of K-Array USA LLC, a company under U.S. law, active in the distribution of K-Array products in the United States. The transaction is expected to complete in March 2025. Intermonte SIM S.p.A. acted as financial advisor for Powersoft S.p.A. Gianni & Origoni Law Firm acted as legal advisor for Powersoft S.p.A. EY S.p.A. acted as due diligence provider for Powersoft S.p.A. Studio Biscozzi Nobili acted as due diligence provider for Powersoft S.p.A. Simone Pratesi, Vieri Spadoni, and Marina Pratesi of Nobel Partners Advisory S.r.l. acted as financial advisor for H.P. Sound Equipment Spa. Marco Simion of Harpalis acted as legal advisor for H.P. Sound Equipment Spa.
分析記事 • Feb 21Subdued Growth No Barrier To Powersoft S.p.A. (BIT:PWS) With Shares Advancing 25%Despite an already strong run, Powersoft S.p.A. ( BIT:PWS ) shares have been powering on, with a gain of 25% in the...
New Risk • Feb 20New 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 5.4% 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 High level of non-cash earnings (96% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change).
Buy Or Sell Opportunity • Feb 20Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 34% to €15.90. The fair value is estimated to be €12.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
分析記事 • Oct 07Some Confidence Is Lacking In Powersoft S.p.A.'s (BIT:PWS) P/EIt's not a stretch to say that Powersoft S.p.A.'s ( BIT:PWS ) price-to-earnings (or "P/E") ratio of 13.4x right now...
分析記事 • Sep 19A Look At The Intrinsic Value Of Powersoft S.p.A. (BIT:PWS)Key Insights Using the 2 Stage Free Cash Flow to Equity, Powersoft fair value estimate is €13.62 Current share price of...
Upcoming Dividend • Jun 17Upcoming dividend of €0.85 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (2.6%).
New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (80% accrual ratio). Minor Risks Dividend is not well covered by cash flows (283% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Buy Or Sell Opportunity • Apr 30Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to €15.60. The fair value is estimated to be €12.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
分析記事 • Apr 25Impressive Earnings May Not Tell The Whole Story For Powersoft (BIT:PWS)Last week's profit announcement from Powersoft S.p.A. ( BIT:PWS ) was underwhelming for investors, despite headline...
Reported Earnings • Apr 09Full year 2023 earnings releasedFull year 2023 results: Revenue: €70.3m (up 45% from FY 2022). Net income: €12.1m (up 90% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Italy.
Buy Or Sell Opportunity • Mar 12Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to €16.90. The fair value is estimated to be €13.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.
Buy Or Sell Opportunity • Feb 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 71% to €16.40. The fair value is estimated to be €13.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.
New Risk • Feb 16New 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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €13.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 273% over the past three years.
分析記事 • Jan 19Powersoft S.p.A.'s (BIT:PWS) 28% Share Price Surge Not Quite Adding UpPowersoft S.p.A. ( BIT:PWS ) shares have continued their recent momentum with a 28% gain in the last month alone. The...
分析記事 • Jan 09A Look At The Intrinsic Value Of Powersoft S.p.A. (BIT:PWS)Key Insights Powersoft's estimated fair value is €11.56 based on 2 Stage Free Cash Flow to Equity With €11.30 share...
Buying Opportunity • Dec 06Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be €11.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 34% in 2 years. Earnings is forecast to grow by 27% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 175% over the past three years.
分析記事 • Nov 24Powersoft (BIT:PWS) Seems To Use Debt Rather SparinglyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Oct 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.4m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€94.4m market cap, or US$99.1m).
Major Estimate Revision • Oct 06Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €62.3m to €65.7m. EPS estimate increased from €0.649 to €0.804 per share. Net income forecast to grow 4.1% next year vs 19% growth forecast for Consumer Durables industry in Italy. Consensus price target up from €10.50 to €12.00. Share price fell 4.7% to €8.10 over the past week.
New Risk • Oct 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Short dividend paying track record (1 year of continuous dividend payments).
Buying Opportunity • Jun 30Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €8.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
分析記事 • Jun 30A Look At The Intrinsic Value Of Powersoft S.p.A. (BIT:PWS)Key Insights The projected fair value for Powersoft is €8.60 based on 2 Stage Free Cash Flow to Equity Powersoft's...
Upcoming Dividend • May 29Upcoming dividend of €0.34 per share at 7.3% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.1%).
Upcoming Dividend • May 01Upcoming dividend of €0.48 per share at 6.8% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 6.8%. Within top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (2.0%).
Buying Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock is up 38%. The fair value is estimated to be €8.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
Major Estimate Revision • Apr 12Consensus revenue estimates increase by 31%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from €47.5m to €62.3m. EPS estimate increased from €0.422 to €0.649 per share. Net income forecast to grow 103% next year vs 24% growth forecast for Consumer Durables industry in Italy. Consensus price target up from €7.40 to €10.50. Share price rose 2.2% to €7.05 over the past week.
Valuation Update With 7 Day Price Move • Mar 28Investor sentiment improves as stock rises 34%After last week's 34% share price gain to €6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Consumer Durables industry in Italy. Total returns to shareholders of 63% over the past three years.
お知らせ • Jan 26+ 1 more updatePowersoft S.p.A., Annual General Meeting, Apr 27, 2023Powersoft S.p.A., Annual General Meeting, Apr 27, 2023. Agenda: Annual General Meeting.
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 the Supervisory Board & Member of the Board of Statutory Auditors Federica Menichetti was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0.12 (vs €0.082 in 1H 2021)First half 2022 results: EPS: €0.12 (up from €0.082 in 1H 2021). Revenue: €19.7m (up 25% from 1H 2021). Net income: €1.40m (up 54% from 1H 2021). Profit margin: 7.1% (up from 5.8% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% 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 • May 03Powersoft (BIT:PWS) May Have Issues Allocating Its CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Board Change • Apr 27Less 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 the Supervisory Board & Member of the Board of Statutory Auditors Federica Menichetti was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 17Full year 2021 earnings released: EPS: €0.20 (vs €0.16 in FY 2020)Full year 2021 results: EPS: €0.20 (up from €0.16 in FY 2020). Revenue: €33.5m (up 11% from FY 2020). Net income: €2.26m (up 30% from FY 2020). Profit margin: 6.8% (up from 5.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jan 28+ 1 more updatePowersoft S.p.A. to Report Fiscal Year 2021 Results on Mar 28, 2022Powersoft S.p.A. announced that they will report fiscal year 2021 results on Mar 28, 2022
Reported Earnings • Oct 05First half 2021 earnings releasedThe company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €16.1m (up 13% from 1H 2020). Net income: €912.0k (up 7.5% from 1H 2020). Profit margin: 5.7% (down from 5.9% in 1H 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 27% share price gain to €6.00, the stock trades at a trailing P/E ratio of 38.2x. Average forward P/E is 15x in the Consumer Durables industry in Italy. Total returns to shareholders of 67% over the past year.
分析記事 • Sep 07Returns On Capital Signal Tricky Times Ahead For Powersoft (BIT:PWS)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
分析記事 • May 06Calculating The Fair Value Of Powersoft S.p.A. (BIT:PWS)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Powersoft S.p.A...
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to €4.66, the stock trades at a trailing P/E ratio of 29.6x. Average forward P/E is 14x in the Consumer Durables industry in Italy. Total returns to shareholders of 10% over the past year.
Reported Earnings • Apr 05Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €31.4m (down 17% from FY 2019). Net income: €1.74m (down 42% from FY 2019). Profit margin: 5.5% (down from 8.0% in FY 2019). The decrease in margin was driven by lower revenue.
分析記事 • Mar 30Here's What's Concerning About Powersoft's (BIT:PWS) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Is New 90 Day High Low • Feb 08New 90-day high: €4.26The company is up 18% from its price of €3.62 on 10 November 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 12% over the same period.
分析記事 • Feb 05Should Weakness in Powersoft S.p.A.'s (BIT:PWS) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?With its stock down 3.0% over the past week, it is easy to disregard Powersoft (BIT:PWS). However, stock prices are...
お知らせ • Jan 28+ 2 more updatesPowersoft S.p.A., Annual General Meeting, Apr 29, 2021Powersoft S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To approve the draft financial statements as at 31 December 2020.
分析記事 • Dec 31How Much Did Powersoft's(BIT:PWS) Shareholders Earn From Share Price Movements Over The Last Year?It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...
Price Target Changed • Dec 30Price target lowered to €5.00Down from €6.00, the current price target is provided by 1 analyst. The new target price is 27% above the current share price of €3.94. As of last close, the stock is down 20% over the past year.
分析記事 • Nov 26Should You Be Impressed By Powersoft's (BIT:PWS) Returns on Capital?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Nov 24New 90-day high: €4.04The company is up 12% from its price of €3.62 on 26 August 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 6.0% over the same period.
Is New 90 Day High Low • Oct 25New 90-day high: €3.96The company is up 2.0% from its price of €3.90 on 27 July 2020. The Italian market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 17% over the same period.
Reported Earnings • Oct 06First half earnings releasedOver the last 12 months the company has reported total profits of €2.24m, down 20% from the prior year. Total revenue was €33.3m over the last 12 months, down 6.0% from the prior year.
Reported Earnings • Oct 04First half earnings releasedOver the last 12 months the company has reported total profits of €2.24m, down 20% from the prior year. Total revenue was €33.6m over the last 12 months, down 5.3% from the prior year.