View Future GrowthIniziative Bresciane 過去の業績過去 基準チェック /16Iniziative Brescianeの収益は年間平均-12.6%の割合で減少していますが、 Renewable Energy業界の収益は年間 増加しています。収益は年間13.3% 5.2%割合で 増加しています。 Iniziative Brescianeの自己資本利益率は1.1%であり、純利益率は3.6%です。主要情報-12.61%収益成長率-12.98%EPS成長率Renewable Energy 業界の成長24.20%収益成長率5.21%株主資本利益率1.12%ネット・マージン3.60%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Apr 16Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €27.2m (down 6.2% from FY 2024). Net income: €979.9k (down 77% from FY 2024). Profit margin: 3.6% (down from 14% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Europe.Reported Earnings • Apr 14Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €29.0m (up 14% from FY 2023). Net income: €4.20m (up 12% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.45 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.45 in 1H 2021). Revenue: €8.68m (down 25% from 1H 2021). Net income: €172.5k (down 93% from 1H 2021). Profit margin: 2.0% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Renewable Energy industry in Europe.Reported Earnings • Mar 30Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €22.5m (up 10% from FY 2020). Net income: €3.53m (down 27% from FY 2020). Profit margin: 16% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 36% compared to a 17% decline forecast for the industry in Italy.Reported Earnings • Sep 15First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.9m (up 16% from 1H 2020). Net income: €2.31m (up 57% from 1H 2020). Profit margin: 21% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue.分析記事 • Dec 08Is There More To The Story Than Iniziative Bresciane's (BIT:IB) Earnings Growth?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...すべての更新を表示Recent updatesUpcoming Dividend • May 04Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (2.5%).Reported Earnings • Apr 16Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €27.2m (down 6.2% from FY 2024). Net income: €979.9k (down 77% from FY 2024). Profit margin: 3.6% (down from 14% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Europe.New Risk • Apr 15New major risk - Revenue and earnings growthEarnings have declined by 8.5% 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 (1.9x net interest cover). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€63.1m market cap, or US$74.5m).Declared Dividend • Apr 01Dividend reduced to €0.20Dividend of €0.20 is 67% lower than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 51% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 31Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 13, 2026Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.2000 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.New Risk • Feb 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (136% payout ratio). Market cap is less than US$100m (€63.1m market cap, or US$74.4m).Major Estimate Revision • Aug 21Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €30.0m to €28.9m. EPS estimate also fell from €1.12 per share to €0.799 per share. Net income forecast to grow 126% next year vs 22% growth forecast for Renewable Energy industry in Italy. Consensus price target broadly unchanged at €17.65. Share price was steady at €12.60 over the past week.New Risk • Aug 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.0% Last year net profit margin: 15% 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (€68.0m market cap, or US$78.9m).Declared Dividend • May 02Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 30Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.お知らせ • Apr 14Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time.Reported Earnings • Apr 14Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €29.0m (up 14% from FY 2023). Net income: €4.20m (up 12% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.Declared Dividend • Apr 04Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 03Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.Upcoming Dividend • Apr 29Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (3.5%).New Risk • Apr 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. 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). High level of non-cash earnings (3,721% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€71.3m market cap, or US$76.1m).Major Estimate Revision • Apr 12Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €31.8m to €30.4m. EPS estimate also fell from €1.42 per share to €0.94 per share. Net income forecast to grow 47% next year vs 8.9% growth forecast for Renewable Energy industry in Italy. Consensus price target of €17.30 unchanged from last update. Share price fell 2.8% to €13.90 over the past week.New Risk • Apr 10New major risk - Revenue and earnings growthEarnings have declined by 0.4% 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 (2.1x net interest cover). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€73.4m market cap, or US$79.7m).New Risk • Apr 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€74.4m market cap, or US$80.6m).お知らせ • Jun 29Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB).Consorzio Di Bonifica Della Media Pianura Bergamasca agreed to acquire 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) for €14.5 million on May 5, 2023. The completion of the sale is subject to the fulfillment of certain conditions precedent, including the obtaining of the Golden Power authorization. The transaction is expected to by June 15, 2023. As of May 24, 2023, the boards of Iniziative Bresciane and Consorzio approved the merger. Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) on June 28, 2023.Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 1.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (2.4%).Price Target Changed • Nov 16Price target decreased to €17.50Down from €21.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €17.70. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.68 last year.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.分析記事 • Oct 28This Analyst Just Downgraded Their Iniziative Bresciane S.p.A. (BIT:IB) EPS ForecastsOne thing we could say about the covering analyst on Iniziative Bresciane S.p.A. ( BIT:IB ) - they aren't optimistic...Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.45 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.45 in 1H 2021). Revenue: €8.68m (down 25% from 1H 2021). Net income: €172.5k (down 93% from 1H 2021). Profit margin: 2.0% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Renewable Energy industry in Europe.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Major Estimate Revision • Apr 12Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €30.7m to €28.5m. EPS estimate also fell from €1.60 per share to €1.15 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Renewable Energy industry in Italy. Consensus price target down from €24.20 to €21.50. Share price fell 2.9% to €20.40 over the past week.Buying Opportunity • Apr 06Now 21% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be €26.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Reported Earnings • Mar 30Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €22.5m (up 10% from FY 2020). Net income: €3.53m (down 27% from FY 2020). Profit margin: 16% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 36% compared to a 17% decline forecast for the industry in Italy.Price Target Changed • Oct 28Price target increased to €24.20Up from €20.75, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €19.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €0.93 last year.Reported Earnings • Sep 15First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.9m (up 16% from 1H 2020). Net income: €2.31m (up 57% from 1H 2020). Profit margin: 21% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 01Upcoming dividend of €0.72 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 3.8%. Within top quartile of Italian dividend payers (3.7%). Higher than average of industry peers (2.4%).分析記事 • May 08Is Iniziative Bresciane (BIT:IB) 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 • Mar 08An Intrinsic Calculation For Iniziative Bresciane S.p.A. (BIT:IB) Suggests It's 21% UndervaluedIn this article we are going to estimate the intrinsic value of Iniziative Bresciane S.p.A. ( BIT:IB ) by taking the...Is New 90 Day High Low • Feb 16New 90-day high: €16.90The company is up 2.0% from its price of €16.50 on 18 November 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 20% over the same period.分析記事 • Feb 09Did Iniziative Bresciane S.p.A. (BIT:IB) Use Debt To Deliver Its ROE Of 9.8%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...Is New 90 Day High Low • Jan 28New 90-day low: €16.10The company is down 2.0% from its price of €16.40 on 30 October 2020. The Italian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 26% over the same period.分析記事 • Jan 04A Look At Iniziative Bresciane's (BIT:IB) Share Price ReturnsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...分析記事 • Dec 08Is There More To The Story Than Iniziative Bresciane's (BIT:IB) Earnings Growth?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Reported Earnings • Sep 19First half earnings releasedOver the last 12 months the company has reported total profits of €3.85m, up 152% from the prior year. Total revenue was €20.7m over the last 12 months, up 14% from the prior year.お知らせ • Aug 12Iniziative Bresciane S.p.A. announced that it expects to receive €15.8 million in funding from Dolomiti Energia Holding SpAIniziative Bresciane S.p.A. (BIT:IB) announced a private placement of common shares at a price of €21.15 per share for gross proceeds of €15,800,000 on August 11, 2020. The transaction will include participation from new investor Dolomiti Energia Holding SpA to acquire 16% stake in the company. The transaction is raised at a pre-money equity valuation of €82,000,000. The transaction is subject to approval of the majority shareholder of the company, Finanziaria Di Valle Camonica Spa.収支内訳Iniziative Bresciane 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:IB 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 252713030 Sep 252723030 Jun 252623031 Mar 252833031 Dec 242943030 Sep 242843030 Jun 242833031 Mar 242733031 Dec 232643030 Sep 232533030 Jun 232433031 Mar 232213031 Dec 2219-14030 Sep 222104030 Jun 222425031 Mar 222534031 Dec 212644030 Sep 212453030 Jun 212362031 Mar 212152031 Dec 202052030 Sep 202142030 Jun 202142031 Mar 202142031 Dec 192142030 Sep 192032030 Jun 191822031 Mar 191812031 Dec 181812030 Sep 181812030 Jun 181712031 Mar 181612031 Dec 171512030 Sep 171512030 Jun 171522031 Mar 171522031 Dec 161522030 Sep 161421030 Jun 161421031 Mar 161321031 Dec 151311030 Sep 151421030 Jun 1516310質の高い収益: IBは 高品質の収益 を持っています。利益率の向上: IBの現在の純利益率 (3.6%)は、昨年(14.5%)よりも低くなっています。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: IBの収益は過去 5 年間で年間12.6%減少しました。成長の加速: IBは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: IBは過去 1 年間で収益成長率がマイナス ( -76.7% ) となったため、 Renewable Energy業界平均 ( -62.2% ) と比較することが困難です。株主資本利益率高いROE: IBの 自己資本利益率 ( 1.1% ) は 低い とみなされます。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7D1Y7D1Y7D1YUtilities 、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2026/05/22 06:50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Iniziative Bresciane 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。3 アナリスト機関Roberto LetiziaEquita SIM S.p.A.Mattia PetraccaIntegrae SPADavide RiminiIntesa Sanpaolo Equity Research
Reported Earnings • Apr 16Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €27.2m (down 6.2% from FY 2024). Net income: €979.9k (down 77% from FY 2024). Profit margin: 3.6% (down from 14% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Europe.
Reported Earnings • Apr 14Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €29.0m (up 14% from FY 2023). Net income: €4.20m (up 12% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.45 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.45 in 1H 2021). Revenue: €8.68m (down 25% from 1H 2021). Net income: €172.5k (down 93% from 1H 2021). Profit margin: 2.0% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Renewable Energy industry in Europe.
Reported Earnings • Mar 30Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €22.5m (up 10% from FY 2020). Net income: €3.53m (down 27% from FY 2020). Profit margin: 16% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 36% compared to a 17% decline forecast for the industry in Italy.
Reported Earnings • Sep 15First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.9m (up 16% from 1H 2020). Net income: €2.31m (up 57% from 1H 2020). Profit margin: 21% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue.
分析記事 • Dec 08Is There More To The Story Than Iniziative Bresciane's (BIT:IB) Earnings Growth?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Upcoming Dividend • May 04Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (2.5%).
Reported Earnings • Apr 16Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €27.2m (down 6.2% from FY 2024). Net income: €979.9k (down 77% from FY 2024). Profit margin: 3.6% (down from 14% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Europe.
New Risk • Apr 15New major risk - Revenue and earnings growthEarnings have declined by 8.5% 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 (1.9x net interest cover). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€63.1m market cap, or US$74.5m).
Declared Dividend • Apr 01Dividend reduced to €0.20Dividend of €0.20 is 67% lower than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 51% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 31Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 13, 2026Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.2000 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
New Risk • Feb 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (136% payout ratio). Market cap is less than US$100m (€63.1m market cap, or US$74.4m).
Major Estimate Revision • Aug 21Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €30.0m to €28.9m. EPS estimate also fell from €1.12 per share to €0.799 per share. Net income forecast to grow 126% next year vs 22% growth forecast for Renewable Energy industry in Italy. Consensus price target broadly unchanged at €17.65. Share price was steady at €12.60 over the past week.
New Risk • Aug 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.0% Last year net profit margin: 15% 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (€68.0m market cap, or US$78.9m).
Declared Dividend • May 02Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 30Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
お知らせ • Apr 14Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time.
Reported Earnings • Apr 14Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €29.0m (up 14% from FY 2023). Net income: €4.20m (up 12% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.
Declared Dividend • Apr 04Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 03Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
Upcoming Dividend • Apr 29Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (3.5%).
New Risk • Apr 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. 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). High level of non-cash earnings (3,721% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€71.3m market cap, or US$76.1m).
Major Estimate Revision • Apr 12Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €31.8m to €30.4m. EPS estimate also fell from €1.42 per share to €0.94 per share. Net income forecast to grow 47% next year vs 8.9% growth forecast for Renewable Energy industry in Italy. Consensus price target of €17.30 unchanged from last update. Share price fell 2.8% to €13.90 over the past week.
New Risk • Apr 10New major risk - Revenue and earnings growthEarnings have declined by 0.4% 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 (2.1x net interest cover). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€73.4m market cap, or US$79.7m).
New Risk • Apr 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€74.4m market cap, or US$80.6m).
お知らせ • Jun 29Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB).Consorzio Di Bonifica Della Media Pianura Bergamasca agreed to acquire 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) for €14.5 million on May 5, 2023. The completion of the sale is subject to the fulfillment of certain conditions precedent, including the obtaining of the Golden Power authorization. The transaction is expected to by June 15, 2023. As of May 24, 2023, the boards of Iniziative Bresciane and Consorzio approved the merger. Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) on June 28, 2023.
Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 1.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (2.4%).
Price Target Changed • Nov 16Price target decreased to €17.50Down from €21.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €17.70. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.68 last year.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
分析記事 • Oct 28This Analyst Just Downgraded Their Iniziative Bresciane S.p.A. (BIT:IB) EPS ForecastsOne thing we could say about the covering analyst on Iniziative Bresciane S.p.A. ( BIT:IB ) - they aren't optimistic...
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.45 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.45 in 1H 2021). Revenue: €8.68m (down 25% from 1H 2021). Net income: €172.5k (down 93% from 1H 2021). Profit margin: 2.0% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Renewable Energy industry in Europe.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Major Estimate Revision • Apr 12Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €30.7m to €28.5m. EPS estimate also fell from €1.60 per share to €1.15 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Renewable Energy industry in Italy. Consensus price target down from €24.20 to €21.50. Share price fell 2.9% to €20.40 over the past week.
Buying Opportunity • Apr 06Now 21% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be €26.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Reported Earnings • Mar 30Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €22.5m (up 10% from FY 2020). Net income: €3.53m (down 27% from FY 2020). Profit margin: 16% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 36% compared to a 17% decline forecast for the industry in Italy.
Price Target Changed • Oct 28Price target increased to €24.20Up from €20.75, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €19.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €0.93 last year.
Reported Earnings • Sep 15First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.9m (up 16% from 1H 2020). Net income: €2.31m (up 57% from 1H 2020). Profit margin: 21% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 01Upcoming dividend of €0.72 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 3.8%. Within top quartile of Italian dividend payers (3.7%). Higher than average of industry peers (2.4%).
分析記事 • May 08Is Iniziative Bresciane (BIT:IB) 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 • Mar 08An Intrinsic Calculation For Iniziative Bresciane S.p.A. (BIT:IB) Suggests It's 21% UndervaluedIn this article we are going to estimate the intrinsic value of Iniziative Bresciane S.p.A. ( BIT:IB ) by taking the...
Is New 90 Day High Low • Feb 16New 90-day high: €16.90The company is up 2.0% from its price of €16.50 on 18 November 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 20% over the same period.
分析記事 • Feb 09Did Iniziative Bresciane S.p.A. (BIT:IB) Use Debt To Deliver Its ROE Of 9.8%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Is New 90 Day High Low • Jan 28New 90-day low: €16.10The company is down 2.0% from its price of €16.40 on 30 October 2020. The Italian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 26% over the same period.
分析記事 • Jan 04A Look At Iniziative Bresciane's (BIT:IB) Share Price ReturnsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...
分析記事 • Dec 08Is There More To The Story Than Iniziative Bresciane's (BIT:IB) Earnings Growth?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Reported Earnings • Sep 19First half earnings releasedOver the last 12 months the company has reported total profits of €3.85m, up 152% from the prior year. Total revenue was €20.7m over the last 12 months, up 14% from the prior year.
お知らせ • Aug 12Iniziative Bresciane S.p.A. announced that it expects to receive €15.8 million in funding from Dolomiti Energia Holding SpAIniziative Bresciane S.p.A. (BIT:IB) announced a private placement of common shares at a price of €21.15 per share for gross proceeds of €15,800,000 on August 11, 2020. The transaction will include participation from new investor Dolomiti Energia Holding SpA to acquire 16% stake in the company. The transaction is raised at a pre-money equity valuation of €82,000,000. The transaction is subject to approval of the majority shareholder of the company, Finanziaria Di Valle Camonica Spa.