View Past PerformanceSiav バランスシートの健全性財務の健全性 基準チェック /36Siavの総株主資本は€10.1M 、総負債は€11.5Mで、負債比率は114.5%となります。総資産と総負債はそれぞれ€50.6Mと€40.6Mです。 Siavの EBIT は€3.2Mで、利息カバレッジ比率2.9です。現金および短期投資は€2.0Mです。主要情報114.51%負債資本比率€11.53m負債インタレスト・カバレッジ・レシオ2.9x現金€2.05mエクイティ€10.07m負債合計€40.55m総資産€50.62m財務の健全性に関する最新情報分析記事 • Nov 26Is Siav (BIT:SIAV) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • May 07Here's Why Siav (BIT:SIAV) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Dec 07Siav (BIT:SIAV) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jun 09Siav (BIT:SIAV) Has No Shortage Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.36, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Software industry in Italy. Total loss to shareholders of 35% over the past three years.Price Target Changed • Apr 16Price target decreased by 9.3% to €4.85Down from €5.35, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €2.32. Stock is up 33% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.18 last year.Reported Earnings • Apr 14Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €0.18 (up from €0.17 loss in FY 2024). Revenue: €36.5m (up 7.1% from FY 2024). Net income: €1.38m (up €2.88m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.New Risk • Apr 14New major risk - Revenue and earnings growthEarnings have declined by 78% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 78% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€18.3m market cap, or US$21.5m).お知らせ • Apr 13Siav S.p.A., Annual General Meeting, Apr 27, 2026Siav S.p.A., Annual General Meeting, Apr 27, 2026, at 15:00 W. Europe Standard Time.Price Target Changed • Feb 10Price target increased by 21% to €5.18Up from €4.28, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €3.22. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.17 last year.分析記事 • Feb 05Siav S.p.A. (BIT:SIAV) Surges 26% Yet Its Low P/S Is No Reason For ExcitementSiav S.p.A. ( BIT:SIAV ) shares have continued their recent momentum with a 26% gain in the last month alone. The last...分析記事 • Jan 23Siav (BIT:SIAV) Will Be Hoping To Turn Its Returns On Capital AroundWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...分析記事 • Dec 18Improved Revenues Required Before Siav S.p.A. (BIT:SIAV) Stock's 30% Jump Looks JustifiedDespite an already strong run, Siav S.p.A. ( BIT:SIAV ) shares have been powering on, with a gain of 30% in the last...分析記事 • Nov 26Is Siav (BIT:SIAV) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Nov 25New 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 5.7% 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 Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€20.6m market cap, or US$23.8m).Price Target Changed • Nov 21Price target decreased by 17% to €4.28Down from €5.13, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €2.12. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.17 last year.Price Target Changed • Jun 26Price target decreased by 17% to €5.13Down from €6.20, the current price target is an average from 3 analysts. New target price is 140% above last closing price of €2.14. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.05 next year compared to a net loss per share of €0.17 last year.分析記事 • May 23Siav S.p.A.'s (BIT:SIAV) Share Price Boosted 27% But Its Business Prospects Need A Lift TooSiav S.p.A. ( BIT:SIAV ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...分析記事 • May 07Here's Why Siav (BIT:SIAV) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Apr 19New 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: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€15.6m market cap, or US$17.7m).お知らせ • Apr 14Siav S.p.A., Annual General Meeting, Apr 28, 2025Siav S.p.A., Annual General Meeting, Apr 28, 2025, at 15:00 W. Europe Standard Time.Price Target Changed • Apr 11Price target decreased by 9.4% to €6.20Down from €6.85, the current price target is an average from 2 analysts. New target price is 220% above last closing price of €1.94. Stock is down 20% over the past year. The company posted a net loss per share of €0.031 last year.分析記事 • Mar 27Siav (BIT:SIAV) Has Some Difficulty Using Its Capital EffectivelyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...分析記事 • Dec 07Siav (BIT:SIAV) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Oct 06First half 2024 earnings releasedFirst half 2024 results: Revenue: €16.4m (down 1.3% from 1H 2023). Net loss: €496.0k (loss widened 34% from 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.New Risk • Oct 02New major risk - Revenue and earnings growthEarnings have declined by 68% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 68% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€16.1m market cap, or US$17.8m).分析記事 • Aug 31Siav (BIT:SIAV) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Jun 09Siav (BIT:SIAV) Has No Shortage Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Jun 07New 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 6.0% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€25.2m market cap, or US$27.3m).Reported Earnings • May 04Full year 2023 earnings releasedFull year 2023 results: Revenue: €34.0m (up 1.3% from FY 2022). Net loss: €275.8k (down 127% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€21.8m market cap, or US$23.2m).Price Target Changed • Apr 10Price target decreased by 7.8% to €6.97Down from €7.56, the current price target is an average from 2 analysts. New target price is 186% above last closing price of €2.44. Stock is down 25% over the past year. The company posted earnings per share of €0.11 last year.分析記事 • Nov 15Siav's (BIT:SIAV) Returns On Capital Not Reflecting Well On The BusinessWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...New Risk • Oct 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€31.8m market cap, or US$33.7m).New Risk • Oct 01New major risk - Revenue and earnings growthRevenue has declined by 8.1% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Revenue has declined by 8.1% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (€32.7m market cap, or US$34.5m).New Risk • Jul 26New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% 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 Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€35.0m market cap, or US$38.8m).Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €4.41, the stock trades at a trailing P/E ratio of 40.1x. Average forward P/E is 24x in the Software industry in Italy.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €3.80, the stock trades at a trailing P/E ratio of 34.6x. Average forward P/E is 19x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €7.17 per share.Board Change • Jan 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairman and President Alfieri Voltan is the most experienced director on the board, commencing their role in 1969. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.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: €18.7m (up 112% from 1H 2021). Net loss: €155.0k (loss widened 256% from 1H 2021). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Italy.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €3.28, the stock trades at a trailing P/E ratio of 26.6x. Average forward P/E is 21x in the Software industry in Italy.お知らせ • Aug 06Siav S.p.A. has completed an IPO in the amount of €4.5 million.Siav S.p.A. has completed an IPO in the amount of €4.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,500,000 Price\Range: €3財務状況分析短期負債: SIAVの 短期資産 ( €19.1M ) は 短期負債 ( €27.5M ) をカバーしていません。長期負債: SIAVの短期資産 ( €19.1M ) が 長期負債 ( €13.1M ) 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: SIAVの 純負債対資本比率 ( 94.2% ) は 高い と見なされます。負債の削減: SIAVの負債対資本比率は、過去 5 年間で120.4%から114.5%に減少しました。債務返済能力: SIAV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 ( 57.4% )。インタレストカバレッジ: SIAVの負債に対する 利息支払い は EBIT ( 2.9 x coverage) によって 十分にカバーされていません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 20:49終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Siav S.p.A. 2 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Luca ArenaAlantra Capital Markets ResearchMattia PetraccaIntegrae SPA
分析記事 • Nov 26Is Siav (BIT:SIAV) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • May 07Here's Why Siav (BIT:SIAV) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Dec 07Siav (BIT:SIAV) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jun 09Siav (BIT:SIAV) Has No Shortage Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.36, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Software industry in Italy. Total loss to shareholders of 35% over the past three years.
Price Target Changed • Apr 16Price target decreased by 9.3% to €4.85Down from €5.35, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €2.32. Stock is up 33% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.18 last year.
Reported Earnings • Apr 14Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €0.18 (up from €0.17 loss in FY 2024). Revenue: €36.5m (up 7.1% from FY 2024). Net income: €1.38m (up €2.88m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
New Risk • Apr 14New major risk - Revenue and earnings growthEarnings have declined by 78% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 78% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€18.3m market cap, or US$21.5m).
お知らせ • Apr 13Siav S.p.A., Annual General Meeting, Apr 27, 2026Siav S.p.A., Annual General Meeting, Apr 27, 2026, at 15:00 W. Europe Standard Time.
Price Target Changed • Feb 10Price target increased by 21% to €5.18Up from €4.28, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €3.22. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.17 last year.
分析記事 • Feb 05Siav S.p.A. (BIT:SIAV) Surges 26% Yet Its Low P/S Is No Reason For ExcitementSiav S.p.A. ( BIT:SIAV ) shares have continued their recent momentum with a 26% gain in the last month alone. The last...
分析記事 • Jan 23Siav (BIT:SIAV) Will Be Hoping To Turn Its Returns On Capital AroundWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...
分析記事 • Dec 18Improved Revenues Required Before Siav S.p.A. (BIT:SIAV) Stock's 30% Jump Looks JustifiedDespite an already strong run, Siav S.p.A. ( BIT:SIAV ) shares have been powering on, with a gain of 30% in the last...
分析記事 • Nov 26Is Siav (BIT:SIAV) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Nov 25New 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 5.7% 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 Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€20.6m market cap, or US$23.8m).
Price Target Changed • Nov 21Price target decreased by 17% to €4.28Down from €5.13, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €2.12. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.17 last year.
Price Target Changed • Jun 26Price target decreased by 17% to €5.13Down from €6.20, the current price target is an average from 3 analysts. New target price is 140% above last closing price of €2.14. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.05 next year compared to a net loss per share of €0.17 last year.
分析記事 • May 23Siav S.p.A.'s (BIT:SIAV) Share Price Boosted 27% But Its Business Prospects Need A Lift TooSiav S.p.A. ( BIT:SIAV ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...
分析記事 • May 07Here's Why Siav (BIT:SIAV) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Apr 19New 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: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€15.6m market cap, or US$17.7m).
お知らせ • Apr 14Siav S.p.A., Annual General Meeting, Apr 28, 2025Siav S.p.A., Annual General Meeting, Apr 28, 2025, at 15:00 W. Europe Standard Time.
Price Target Changed • Apr 11Price target decreased by 9.4% to €6.20Down from €6.85, the current price target is an average from 2 analysts. New target price is 220% above last closing price of €1.94. Stock is down 20% over the past year. The company posted a net loss per share of €0.031 last year.
分析記事 • Mar 27Siav (BIT:SIAV) Has Some Difficulty Using Its Capital EffectivelyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
分析記事 • Dec 07Siav (BIT:SIAV) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Oct 06First half 2024 earnings releasedFirst half 2024 results: Revenue: €16.4m (down 1.3% from 1H 2023). Net loss: €496.0k (loss widened 34% from 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.
New Risk • Oct 02New major risk - Revenue and earnings growthEarnings have declined by 68% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 68% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€16.1m market cap, or US$17.8m).
分析記事 • Aug 31Siav (BIT:SIAV) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Jun 09Siav (BIT:SIAV) Has No Shortage Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Jun 07New 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 6.0% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€25.2m market cap, or US$27.3m).
Reported Earnings • May 04Full year 2023 earnings releasedFull year 2023 results: Revenue: €34.0m (up 1.3% from FY 2022). Net loss: €275.8k (down 127% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€21.8m market cap, or US$23.2m).
Price Target Changed • Apr 10Price target decreased by 7.8% to €6.97Down from €7.56, the current price target is an average from 2 analysts. New target price is 186% above last closing price of €2.44. Stock is down 25% over the past year. The company posted earnings per share of €0.11 last year.
分析記事 • Nov 15Siav's (BIT:SIAV) Returns On Capital Not Reflecting Well On The BusinessWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
New Risk • Oct 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€31.8m market cap, or US$33.7m).
New Risk • Oct 01New major risk - Revenue and earnings growthRevenue has declined by 8.1% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Revenue has declined by 8.1% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (€32.7m market cap, or US$34.5m).
New Risk • Jul 26New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% 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 Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€35.0m market cap, or US$38.8m).
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €4.41, the stock trades at a trailing P/E ratio of 40.1x. Average forward P/E is 24x in the Software industry in Italy.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €3.80, the stock trades at a trailing P/E ratio of 34.6x. Average forward P/E is 19x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €7.17 per share.
Board Change • Jan 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairman and President Alfieri Voltan is the most experienced director on the board, commencing their role in 1969. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
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: €18.7m (up 112% from 1H 2021). Net loss: €155.0k (loss widened 256% from 1H 2021). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Italy.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €3.28, the stock trades at a trailing P/E ratio of 26.6x. Average forward P/E is 21x in the Software industry in Italy.
お知らせ • Aug 06Siav S.p.A. has completed an IPO in the amount of €4.5 million.Siav S.p.A. has completed an IPO in the amount of €4.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,500,000 Price\Range: €3