View Past PerformanceAcinque バランスシートの健全性財務の健全性 基準チェック /56Acinqueの総株主資本は€523.9M 、総負債は€249.2Mで、負債比率は47.6%となります。総資産と総負債はそれぞれ€1.0Bと€476.4Mです。 Acinqueの EBIT は€35.0Mで、利息カバレッジ比率5.1です。現金および短期投資は€72.6Mです。主要情報47.58%負債資本比率€249.23m負債インタレスト・カバレッジ・レシオ5.1x現金€72.57mエクイティ€523.87m負債合計€476.40m総資産€1.00b財務の健全性に関する最新情報分析記事 • Feb 15Is Acsm-Agam (BIT:ACS) Using Too Much Debt?The 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 updatesNew Risk • Apr 19New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 288% Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (288% cash payout ratio).お知らせ • Mar 30Acinque S.p.A., Annual General Meeting, Apr 27, 2026Acinque S.p.A., Annual General Meeting, Apr 27, 2026, at 10:30 W. Europe Standard Time. Location: via a canova n 3, monza Italy分析記事 • Mar 25We Like Acinque's (BIT:AC5) Earnings For More Than Just Statutory ProfitAcinque S.p.A.'s ( BIT:AC5 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...Declared Dividend • Mar 20Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.お知らせ • Mar 19Acinque S.p.A. announces Annual dividend, payable on July 08, 2026Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 08, 2026, ex-date on July 06, 2026 and record date on July 07, 2026.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: €0.013 (vs €0.018 in 3Q 2024)Third quarter 2025 results: EPS: €0.013 (down from €0.018 in 3Q 2024). Revenue: €111.0m (down 24% from 3Q 2024). Net income: €2.58m (down 28% from 3Q 2024). Profit margin: 2.3% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €109.6m (up 11% from 2Q 2024). Net income: €5.55m (up 64% from 2Q 2024). Profit margin: 5.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 30Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 07 July 2025. Payment date: 09 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (5.9%).Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €220.1m (up 22% from 1Q 2024). Net income: €9.90m (down 5.4% from 1Q 2024). Profit margin: 4.5% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses.分析記事 • Mar 25We Think Acinque's (BIT:AC5) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Acinque S.p.A.'s ( BIT:AC5 ) solid earnings report last week. This reaction by...Declared Dividend • Mar 21Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 7th July 2025 Payment date: 9th July 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control, which is more than the 2.5% EPS growth achieved over the last 5 years.お知らせ • Mar 20+ 1 more updateAcinque S.p.A. announces Annual dividend, payable on July 09, 2025Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 4.9% 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 Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (145% payout ratio).Reported Earnings • Mar 18Full year 2024 earnings releasedFull year 2024 results: Revenue: €589.3m (down 6.4% from FY 2023). Net income: €21.1m (up 97% from FY 2023). Profit margin: 3.6% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses.New Risk • Feb 17New 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (145% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).Upcoming Dividend • Jul 01Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 08 July 2024. Payment date: 10 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.6%). Lower than average of industry peers (7.3%).Reported Earnings • May 15First quarter 2024 earnings released: EPS: €0.053 (vs €0.033 in 1Q 2023)First quarter 2024 results: EPS: €0.053 (up from €0.033 in 1Q 2023). Revenue: €180.2m (up 7.3% from 1Q 2023). Net income: €10.5m (up 61% from 1Q 2023). Profit margin: 5.8% (up from 3.9% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% 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.New Risk • Apr 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).分析記事 • Apr 03Acinque's (BIT:AC5) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Acinque S.p.A.'s ( BIT:AC5 ) recent earnings didn't contain any surprises. We...Reported Earnings • Mar 30Full year 2023 earnings released: EPS: €0.054 (vs €0.16 in FY 2022)Full year 2023 results: EPS: €0.054 (down from €0.16 in FY 2022). Revenue: €650.3m (flat on FY 2022). Net income: €10.7m (down 65% from FY 2022). Profit margin: 1.6% (down from 4.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Sep 19An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A.An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A. on September 18, 2023.New Risk • Aug 01New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin).Reported Earnings • Jul 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €118.0m (down 21% from 2Q 2022). Net income: €7.42m (down 53% from 2Q 2022). Profit margin: 6.3% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.New Risk • Jun 23New 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 5.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin).Upcoming Dividend • Jun 12Upcoming dividend of €0.085 per share at 4.2% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (5.4%). In line with average of industry peers (4.6%).分析記事 • Apr 05Acinque (BIT:AC5) Is Paying Out Less In Dividends Than Last YearAcinque S.p.A. ( BIT:AC5 ) is reducing its dividend from last year's comparable payment to €0.085 on the 21st of June...分析記事 • Mar 20Acinque's (BIT:AC5) Shareholders Will Receive A Smaller Dividend Than Last YearThe board of Acinque S.p.A. ( BIT:AC5 ) has announced it will be reducing its dividend by 11% from last year's payment...Reported Earnings • Mar 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €710.2m (up 56% from FY 2021). Net income: €30.8m (down 31% from FY 2021). Profit margin: 4.3% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €149.2m (up 75% from 2Q 2021). Net income: €15.7m (up 23% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Jun 13Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (4.9%). Lower than average of industry peers (5.1%).Reported Earnings • May 14First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: €0.052. Revenue: €218.8m (up 82% from 1Q 2021). Net income: €10.2m (down 23% from 1Q 2021). Profit margin: 4.7% (down from 11% in 1Q 2021).Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.23 (up from €0.091 in FY 2020). Revenue: €448.7m (up 21% from FY 2020). Net income: €44.5m (up 148% from FY 2020). Profit margin: 9.9% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €98.2m (up 52% from 2Q 2020). Net income: €12.8m (up €15.2m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 15Upcoming dividend of €0.08 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (3.6%). Lower than average of industry peers (5.9%).分析記事 • Apr 19Calculating The Fair Value Of Acsm-Agam S.p.A. (BIT:ACS)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Acsm-Agam S.p.A...分析記事 • Mar 14Does Acsm-Agam S.p.A. (BIT:ACS) Have A Place In Your Dividend Stock Portfolio?Could Acsm-Agam S.p.A. ( BIT:ACS ) be an attractive dividend share to own for the long haul? Investors are often drawn...Reported Earnings • Mar 14Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €387.5m (down 5.6% from FY 2019). Net income: €17.9m (down 3.3% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Feb 15Is Acsm-Agam (BIT:ACS) Using Too Much Debt?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 • Jan 20Acsm-Agam S.p.A.'s (BIT:ACS) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Acsm-Agam's (BIT:ACS) stock is up by a considerable 17% over the past three months. However, we decided to pay...分析記事 • Dec 25Did You Participate In Any Of Acsm-Agam's (BIT:ACS) Respectable 64% Return?Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...Valuation Update With 7 Day Price Move • Dec 04Market bids up stock over the past weekAfter last week's 18% share price gain to €2.48, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 14x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 23%.Is New 90 Day High Low • Dec 01New 90-day high: €2.18The company is up 7.0% from its price of €2.03 on 02 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 9.0% over the same period.分析記事 • Nov 29Should You Buy Acsm-Agam S.p.A. (BIT:ACS) For Its 3.8% Dividend?Dividend paying stocks like Acsm-Agam S.p.A. (BIT:ACS) tend to be popular with investors, and for good reason - some...Is New 90 Day High Low • Oct 21New 90-day low: €1.98The company is down 7.0% from its price of €2.13 on 23 July 2020. The Italian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period.財務状況分析短期負債: AC5の 短期資産 ( €276.1M ) が 短期負債 ( €261.4M ) を超えています。長期負債: AC5の短期資産 ( €276.1M ) が 長期負債 ( €215.0M ) 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: AC5の 純負債対資本比率 ( 33.7% ) は 満足できる 水準であると考えられます。負債の削減: AC5の負債対資本比率は、過去 5 年間で32%から47.6%に増加しました。債務返済能力: AC5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 ( 30.4% )。インタレストカバレッジ: AC5の負債に対する 利息支払い は EBIT ( 5.1 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7D1Y7D1Y7D1YUtilities 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2026/06/08 02:45終値2026/06/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Acinque S.p.A. 0 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。0
分析記事 • Feb 15Is Acsm-Agam (BIT:ACS) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Apr 19New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 288% Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (288% cash payout ratio).
お知らせ • Mar 30Acinque S.p.A., Annual General Meeting, Apr 27, 2026Acinque S.p.A., Annual General Meeting, Apr 27, 2026, at 10:30 W. Europe Standard Time. Location: via a canova n 3, monza Italy
分析記事 • Mar 25We Like Acinque's (BIT:AC5) Earnings For More Than Just Statutory ProfitAcinque S.p.A.'s ( BIT:AC5 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...
Declared Dividend • Mar 20Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
お知らせ • Mar 19Acinque S.p.A. announces Annual dividend, payable on July 08, 2026Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 08, 2026, ex-date on July 06, 2026 and record date on July 07, 2026.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: €0.013 (vs €0.018 in 3Q 2024)Third quarter 2025 results: EPS: €0.013 (down from €0.018 in 3Q 2024). Revenue: €111.0m (down 24% from 3Q 2024). Net income: €2.58m (down 28% from 3Q 2024). Profit margin: 2.3% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €109.6m (up 11% from 2Q 2024). Net income: €5.55m (up 64% from 2Q 2024). Profit margin: 5.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 30Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 07 July 2025. Payment date: 09 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (5.9%).
Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €220.1m (up 22% from 1Q 2024). Net income: €9.90m (down 5.4% from 1Q 2024). Profit margin: 4.5% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses.
分析記事 • Mar 25We Think Acinque's (BIT:AC5) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Acinque S.p.A.'s ( BIT:AC5 ) solid earnings report last week. This reaction by...
Declared Dividend • Mar 21Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 7th July 2025 Payment date: 9th July 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control, which is more than the 2.5% EPS growth achieved over the last 5 years.
お知らせ • Mar 20+ 1 more updateAcinque S.p.A. announces Annual dividend, payable on July 09, 2025Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 4.9% 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 Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (145% payout ratio).
Reported Earnings • Mar 18Full year 2024 earnings releasedFull year 2024 results: Revenue: €589.3m (down 6.4% from FY 2023). Net income: €21.1m (up 97% from FY 2023). Profit margin: 3.6% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses.
New Risk • Feb 17New 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (145% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).
Upcoming Dividend • Jul 01Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 08 July 2024. Payment date: 10 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.6%). Lower than average of industry peers (7.3%).
Reported Earnings • May 15First quarter 2024 earnings released: EPS: €0.053 (vs €0.033 in 1Q 2023)First quarter 2024 results: EPS: €0.053 (up from €0.033 in 1Q 2023). Revenue: €180.2m (up 7.3% from 1Q 2023). Net income: €10.5m (up 61% from 1Q 2023). Profit margin: 5.8% (up from 3.9% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% 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.
New Risk • Apr 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
分析記事 • Apr 03Acinque's (BIT:AC5) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Acinque S.p.A.'s ( BIT:AC5 ) recent earnings didn't contain any surprises. We...
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: €0.054 (vs €0.16 in FY 2022)Full year 2023 results: EPS: €0.054 (down from €0.16 in FY 2022). Revenue: €650.3m (flat on FY 2022). Net income: €10.7m (down 65% from FY 2022). Profit margin: 1.6% (down from 4.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 19An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A.An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A. on September 18, 2023.
New Risk • Aug 01New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin).
Reported Earnings • Jul 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €118.0m (down 21% from 2Q 2022). Net income: €7.42m (down 53% from 2Q 2022). Profit margin: 6.3% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
New Risk • Jun 23New 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 5.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin).
Upcoming Dividend • Jun 12Upcoming dividend of €0.085 per share at 4.2% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (5.4%). In line with average of industry peers (4.6%).
分析記事 • Apr 05Acinque (BIT:AC5) Is Paying Out Less In Dividends Than Last YearAcinque S.p.A. ( BIT:AC5 ) is reducing its dividend from last year's comparable payment to €0.085 on the 21st of June...
分析記事 • Mar 20Acinque's (BIT:AC5) Shareholders Will Receive A Smaller Dividend Than Last YearThe board of Acinque S.p.A. ( BIT:AC5 ) has announced it will be reducing its dividend by 11% from last year's payment...
Reported Earnings • Mar 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €710.2m (up 56% from FY 2021). Net income: €30.8m (down 31% from FY 2021). Profit margin: 4.3% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €149.2m (up 75% from 2Q 2021). Net income: €15.7m (up 23% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Jun 13Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (4.9%). Lower than average of industry peers (5.1%).
Reported Earnings • May 14First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: €0.052. Revenue: €218.8m (up 82% from 1Q 2021). Net income: €10.2m (down 23% from 1Q 2021). Profit margin: 4.7% (down from 11% in 1Q 2021).
Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.23 (up from €0.091 in FY 2020). Revenue: €448.7m (up 21% from FY 2020). Net income: €44.5m (up 148% from FY 2020). Profit margin: 9.9% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €98.2m (up 52% from 2Q 2020). Net income: €12.8m (up €15.2m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 15Upcoming dividend of €0.08 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (3.6%). Lower than average of industry peers (5.9%).
分析記事 • Apr 19Calculating The Fair Value Of Acsm-Agam S.p.A. (BIT:ACS)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Acsm-Agam S.p.A...
分析記事 • Mar 14Does Acsm-Agam S.p.A. (BIT:ACS) Have A Place In Your Dividend Stock Portfolio?Could Acsm-Agam S.p.A. ( BIT:ACS ) be an attractive dividend share to own for the long haul? Investors are often drawn...
Reported Earnings • Mar 14Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €387.5m (down 5.6% from FY 2019). Net income: €17.9m (down 3.3% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Feb 15Is Acsm-Agam (BIT:ACS) Using Too Much Debt?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 • Jan 20Acsm-Agam S.p.A.'s (BIT:ACS) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Acsm-Agam's (BIT:ACS) stock is up by a considerable 17% over the past three months. However, we decided to pay...
分析記事 • Dec 25Did You Participate In Any Of Acsm-Agam's (BIT:ACS) Respectable 64% Return?Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Valuation Update With 7 Day Price Move • Dec 04Market bids up stock over the past weekAfter last week's 18% share price gain to €2.48, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 14x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 23%.
Is New 90 Day High Low • Dec 01New 90-day high: €2.18The company is up 7.0% from its price of €2.03 on 02 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 9.0% over the same period.
分析記事 • Nov 29Should You Buy Acsm-Agam S.p.A. (BIT:ACS) For Its 3.8% Dividend?Dividend paying stocks like Acsm-Agam S.p.A. (BIT:ACS) tend to be popular with investors, and for good reason - some...
Is New 90 Day High Low • Oct 21New 90-day low: €1.98The company is down 7.0% from its price of €2.13 on 23 July 2020. The Italian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period.