View Future GrowthDirecta Sim 過去の業績過去 基準チェック /46Directa Simは、平均年間27.1%の収益成長を遂げていますが、 Capital Markets業界の収益は、年間 成長しています。収益は、平均年間11.2% 13.5%収益成長率で 成長しています。 Directa Simの自己資本利益率は24%であり、純利益率は27.3%です。主要情報27.09%収益成長率22.38%EPS成長率Capital Markets 業界の成長9.86%収益成長率13.55%株主資本利益率23.99%ネット・マージン27.30%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).すべての更新を表示Recent updatesUpcoming Dividend • May 11Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (5.4%).Buy Or Sell Opportunity • Apr 08Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 41% to €7.44. The fair value is estimated to be €6.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.お知らせ • Mar 27Directa Sim S.p.A. announces Annual dividend, payable on May 20, 2026Directa Sim S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.New Risk • Mar 26New 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 3.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (3.6% average weekly change).Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.40, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 82% over the past three years.Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Sep 25New 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Upcoming Dividend • May 12Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.4%). In line with average of industry peers (5.5%).New Risk • Apr 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (117% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).分析記事 • Apr 04Directa Sim's (BIT:D) Upcoming Dividend Will Be Larger Than Last Year'sDirecta Sim S.p.A.'s ( BIT:D ) periodic dividend will be increasing on the 21st of May to €0.30, with investors...Declared Dividend • Apr 03Dividend increased to €0.30Dividend of €0.30 is 76% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.6%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 88% over the last year. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 02Directa Sim S.p.A. announces Annual dividend, payable on May 21, 2025Directa Sim S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €5.10, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 14% over the past three years.Buy Or Sell Opportunity • Nov 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.3% to €3.99. The fair value is estimated to be €3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.Price Target Changed • Oct 24Price target increased by 17% to €6.90Up from €5.90, the current price target is provided by 1 analyst. New target price is 68% above last closing price of €4.10. Stock is up 21% over the past year. The company posted earnings per share of €0.48 last year.Buy Or Sell Opportunity • Oct 09Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.10. The fair value is estimated to be €3.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • Sep 24Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €4.08. The fair value is estimated to be €3.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to €3.51. The fair value is estimated to be €2.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to €3.55. The fair value is estimated to be €2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Upcoming Dividend • May 06Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (4.7%).Price Target Changed • Apr 03Price target increased by 9.9% to €5.90Up from €5.37, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €3.63. Stock is down 11% over the past year.New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% 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 Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$81.0m).Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 4.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (5.3%).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €4.27, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 10x in the Capital Markets industry in Italy. Total loss to shareholders of 15% over the past year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.25, the stock trades at a trailing P/E ratio of 15.4x. Average forward P/E is 11x in the Capital Markets industry in Italy.Board Change • Dec 23No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.収支内訳Directa Sim の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BIT:D 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 25461318030 Sep 25451218030 Jun 25441217031 Mar 25441217031 Dec 24431116030 Sep 24411116030 Jun 24401115031 Mar 24371015031 Dec 2334815030 Sep 2332715030 Jun 2330615031 Mar 2329615031 Dec 2229614030 Sep 2229514030 Jun 2229514031 Mar 2229513031 Dec 2129513030 Sep 2128513030 Jun 2127512031 Mar 2125312031 Dec 2023212031 Dec 1916010031 Dec 1816-111031 Dec 1716010031 Dec 1618-112031 Dec 15221140質の高い収益: Dは 高品質の収益 を持っています。利益率の向上: Dの現在の純利益率 (27.3%)は、昨年(25.9%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: Dの収益は過去 5 年間で年間27.1%増加しました。成長の加速: Dの過去 1 年間の収益成長率 ( 13.1% ) は、5 年間の平均 ( 年間27.1%を下回っています。収益対業界: Dの過去 1 年間の収益成長率 ( 13.1% ) はCapital Markets業界10.1%を上回りました。株主資本利益率高いROE: Dの 自己資本利益率 ( 23.99% ) は 高い ですが、この指標は負債レベルが高いために歪んでいます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YDiversified-financials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 11:29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Directa Sim S.p.A. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Luigi TardellaEnVent Capital Markets Limited
Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).
Upcoming Dividend • May 11Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (5.4%).
Buy Or Sell Opportunity • Apr 08Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 41% to €7.44. The fair value is estimated to be €6.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.
お知らせ • Mar 27Directa Sim S.p.A. announces Annual dividend, payable on May 20, 2026Directa Sim S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
New Risk • Mar 26New 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 3.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (3.6% average weekly change).
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.40, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 82% over the past three years.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 25New 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Upcoming Dividend • May 12Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.4%). In line with average of industry peers (5.5%).
New Risk • Apr 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (117% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
分析記事 • Apr 04Directa Sim's (BIT:D) Upcoming Dividend Will Be Larger Than Last Year'sDirecta Sim S.p.A.'s ( BIT:D ) periodic dividend will be increasing on the 21st of May to €0.30, with investors...
Declared Dividend • Apr 03Dividend increased to €0.30Dividend of €0.30 is 76% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.6%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 88% over the last year. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 02Directa Sim S.p.A. announces Annual dividend, payable on May 21, 2025Directa Sim S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €5.10, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 14% over the past three years.
Buy Or Sell Opportunity • Nov 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.3% to €3.99. The fair value is estimated to be €3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.
Price Target Changed • Oct 24Price target increased by 17% to €6.90Up from €5.90, the current price target is provided by 1 analyst. New target price is 68% above last closing price of €4.10. Stock is up 21% over the past year. The company posted earnings per share of €0.48 last year.
Buy Or Sell Opportunity • Oct 09Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.10. The fair value is estimated to be €3.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.
Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • Sep 24Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €4.08. The fair value is estimated to be €3.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to €3.51. The fair value is estimated to be €2.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to €3.55. The fair value is estimated to be €2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Upcoming Dividend • May 06Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (4.7%).
Price Target Changed • Apr 03Price target increased by 9.9% to €5.90Up from €5.37, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €3.63. Stock is down 11% over the past year.
New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% 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 Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$81.0m).
Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 4.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (5.3%).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €4.27, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 10x in the Capital Markets industry in Italy. Total loss to shareholders of 15% over the past year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.25, the stock trades at a trailing P/E ratio of 15.4x. Average forward P/E is 11x in the Capital Markets industry in Italy.
Board Change • Dec 23No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.