View ValuationMartifer SGPS 将来の成長Future 基準チェック /06現在、 Martifer SGPSの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Construction 収益成長10.9%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.2x 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 (2.2x net interest cover). High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin).New Risk • Mar 29New 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 High level of non-cash earnings (61% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows.お知らせ • Aug 06Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million.Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million on August 6, 2025. A cash consideration valued at €2.057 per share will be paid by Visabeira Industria, SGPS, S.A. The amount will be paid in cash, less any (gross) amount that may be allocated to each Share as dividends, as an advance on profits for the year, or as a distribution of reserves. The statement clarifies that the consideration corresponds to €1.60, "plus an amount equal to the dividend distributed by Martifer for the 2025 fiscal year.分析記事 • Aug 06A Piece Of The Puzzle Missing From Martifer SGPS, S.A.'s (ELI:MAR) 32% Share Price ClimbENXTLS:MAR 1 Year Share Price vs Fair Value Explore Martifer SGPS's Fair Values from the Community and select yours...New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 30%After last week's 30% share price gain to €2.74, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 132% over the past three years.お知らせ • Jun 14Martifer SGPS, S.A. announces Annual dividend, payable on June 25, 2025Martifer SGPS, S.A. announced Annual dividend of EUR 0.1200 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.分析記事 • May 23Calculating The Fair Value Of Martifer SGPS, S.A. (ELI:MAR)Key Insights Martifer SGPS' estimated fair value is €2.38 based on 2 Stage Free Cash Flow to Equity With €2.06 share...分析記事 • May 07Martifer SGPS' (ELI:MAR) Solid Earnings Have Been Accounted For ConservativelyThe market seemed underwhelmed by last week's earnings announcement from Martifer SGPS, S.A. ( ELI:MAR ) despite the...Buy Or Sell Opportunity • May 06Now 21% undervaluedOver the last 90 days, the stock has risen 5.4% to €1.85. The fair value is estimated to be €2.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 24%.Reported Earnings • May 04Full year 2024 earnings released: EPS: €0.23 (vs €0.20 in FY 2023)Full year 2024 results: EPS: €0.23 (up from €0.20 in FY 2023). Revenue: €264.5m (up 25% from FY 2023). Net income: €23.0m (up 17% from FY 2023). Profit margin: 8.7% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • May 01Martifer SGPS, S.A., Annual General Meeting, May 28, 2025Martifer SGPS, S.A., Annual General Meeting, May 28, 2025. Location: zona industrial de oliveira de frades, apartado 17, oliveira de frades PortugalNew Risk • Mar 09New 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. This is currently the only risk that has been identified for the company.New Risk • Aug 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Large one-off items impacting financial results.New Risk • Dec 31New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.53, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 292% over the past three years.Reported Earnings • Aug 23First half 2023 earnings released: EPS: €0.093 (vs €0.10 in 1H 2022)First half 2023 results: EPS: €0.093 (down from €0.10 in 1H 2022). Revenue: €105.4m (up 13% from 1H 2022). Net income: €9.10m (down 7.1% from 1H 2022). Profit margin: 8.6% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change).分析記事 • Jun 17Martifer SGPS (ELI:MAR) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.33, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 245% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.19, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 218% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director Carla de Araujo Goncalves Borges Norte was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 24% share price gain to €1.08, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 161% over the past three years.Reported Earnings • Aug 27First half 2022 earnings released: EPS: €0.10 (vs €0.059 in 1H 2021)First half 2022 results: EPS: €0.10 (up from €0.059 in 1H 2021). Revenue: €103.7m (down 12% from 1H 2021). Net income: €9.79m (up 69% from 1H 2021). Profit margin: 9.4% (up from 4.9% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.Reported Earnings • May 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.12 (up from €0.064 in FY 2020). Revenue: €228.7m (flat on FY 2020). Net income: €11.3m (up 79% from FY 2020). Profit margin: 4.9% (up from 2.8% in FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Vítor Manuel Escária was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.02, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the Construction industry in Europe. Total returns to shareholders of 120% over the past three years.分析記事 • Sep 16Here's Why Martifer SGPS (ELI:MAR) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Aug 19Investors Will Want Martifer SGPS' (ELI:MAR) Growth In ROCE To PersistIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Jul 21Estimating The Intrinsic Value Of Martifer SGPS, S.A. (ELI:MAR)Today we will run through one way of estimating the intrinsic value of Martifer SGPS, S.A. ( ELI:MAR ) by projecting...分析記事 • Jun 08Does Martifer SGPS (ELI:MAR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • May 11Returns Are Gaining Momentum At Martifer SGPS (ELI:MAR)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Reported Earnings • Apr 17Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €249.3m (up 5.2% from FY 2019). Net income: €6.30m (down 73% from FY 2019). Profit margin: 2.5% (down from 9.9% in FY 2019). The decrease in margin was driven by higher expenses.分析記事 • Feb 09What Can The Trends At Martifer SGPS (ELI:MAR) Tell Us About Their Returns?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Is New 90 Day High Low • Dec 15New 90-day high: €0.42The company is up 2.0% from its price of €0.41 on 15 September 2020. The Portuguese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period.分析記事 • Dec 15Are Martifer SGPS's (ELI:MAR) Statutory Earnings A Good Guide To Its Underlying Profitability?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...Is New 90 Day High Low • Oct 09New 90-day low: €0.38The company is down 1.0% from its price of €0.38 on 10 July 2020. The Portuguese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Martifer SGPS は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測ENXTLS:MAR - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20252919-45-6N/A9/30/202528114-37-7N/A6/30/202527119-29-8N/A3/31/202526321114N/A12/31/2024256233137N/A9/30/2024245234651N/A6/30/2024233226165N/A3/31/2024223215457N/A12/31/2023212204749N/A9/30/2023206163132N/A6/30/2023201131516N/A3/31/2023196131314N/A12/31/2022192131112N/A9/30/2022189141214N/A6/30/2022187151416N/A3/31/202220013911N/A12/31/20212121146N/A9/30/202122611-30N/A6/30/202124011-9-7N/A3/31/2021234802N/A12/31/20202276911N/A9/30/2020229132323N/A6/30/2020231203636N/A3/31/2020234222525N/A12/31/2019237241313N/A9/30/201922615N/A6N/A6/30/20192166N/A-1N/A3/31/20192094N/A5N/A12/31/20182011N/A11N/A9/30/20181911N/A17N/A6/30/20181801N/A23N/A3/31/20181794N/A32N/A12/31/20171777N/A40N/A9/30/2017190-15N/A28N/A6/30/2017202-37N/A16N/A3/31/2017207-41N/A5N/A12/31/2016208-43N/A11N/A9/30/2016197-8N/A36N/A6/30/20161988N/A51N/A3/31/20162124N/A48N/A12/31/20152231N/A39N/A9/30/2015238-29N/A9N/A6/30/2015226-50N/A1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: MARの予測収益成長が 貯蓄率 ( 2.6% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: MARの収益がPortuguese市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: MARの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: MARの収益がPortuguese市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: MARの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: MARの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance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 08:54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Martifer SGPS, S.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。3 アナリスト機関Javier Francisco EchanoveBanco SantanderBruno SilvaCaixa Banco BPIMariano AlarcoGoldman Sachs
New Risk • May 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.2x 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 (2.2x net interest cover). High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin).
New Risk • Mar 29New 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 High level of non-cash earnings (61% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows.
お知らせ • Aug 06Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million.Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million on August 6, 2025. A cash consideration valued at €2.057 per share will be paid by Visabeira Industria, SGPS, S.A. The amount will be paid in cash, less any (gross) amount that may be allocated to each Share as dividends, as an advance on profits for the year, or as a distribution of reserves. The statement clarifies that the consideration corresponds to €1.60, "plus an amount equal to the dividend distributed by Martifer for the 2025 fiscal year.
分析記事 • Aug 06A Piece Of The Puzzle Missing From Martifer SGPS, S.A.'s (ELI:MAR) 32% Share Price ClimbENXTLS:MAR 1 Year Share Price vs Fair Value Explore Martifer SGPS's Fair Values from the Community and select yours...
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 30%After last week's 30% share price gain to €2.74, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 132% over the past three years.
お知らせ • Jun 14Martifer SGPS, S.A. announces Annual dividend, payable on June 25, 2025Martifer SGPS, S.A. announced Annual dividend of EUR 0.1200 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
分析記事 • May 23Calculating The Fair Value Of Martifer SGPS, S.A. (ELI:MAR)Key Insights Martifer SGPS' estimated fair value is €2.38 based on 2 Stage Free Cash Flow to Equity With €2.06 share...
分析記事 • May 07Martifer SGPS' (ELI:MAR) Solid Earnings Have Been Accounted For ConservativelyThe market seemed underwhelmed by last week's earnings announcement from Martifer SGPS, S.A. ( ELI:MAR ) despite the...
Buy Or Sell Opportunity • May 06Now 21% undervaluedOver the last 90 days, the stock has risen 5.4% to €1.85. The fair value is estimated to be €2.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 24%.
Reported Earnings • May 04Full year 2024 earnings released: EPS: €0.23 (vs €0.20 in FY 2023)Full year 2024 results: EPS: €0.23 (up from €0.20 in FY 2023). Revenue: €264.5m (up 25% from FY 2023). Net income: €23.0m (up 17% from FY 2023). Profit margin: 8.7% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • May 01Martifer SGPS, S.A., Annual General Meeting, May 28, 2025Martifer SGPS, S.A., Annual General Meeting, May 28, 2025. Location: zona industrial de oliveira de frades, apartado 17, oliveira de frades Portugal
New Risk • Mar 09New 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. This is currently the only risk that has been identified for the company.
New Risk • Aug 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Large one-off items impacting financial results.
New Risk • Dec 31New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.53, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 292% over the past three years.
Reported Earnings • Aug 23First half 2023 earnings released: EPS: €0.093 (vs €0.10 in 1H 2022)First half 2023 results: EPS: €0.093 (down from €0.10 in 1H 2022). Revenue: €105.4m (up 13% from 1H 2022). Net income: €9.10m (down 7.1% from 1H 2022). Profit margin: 8.6% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change).
分析記事 • Jun 17Martifer SGPS (ELI:MAR) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.33, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 245% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.19, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 218% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director Carla de Araujo Goncalves Borges Norte was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 24% share price gain to €1.08, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 161% over the past three years.
Reported Earnings • Aug 27First half 2022 earnings released: EPS: €0.10 (vs €0.059 in 1H 2021)First half 2022 results: EPS: €0.10 (up from €0.059 in 1H 2021). Revenue: €103.7m (down 12% from 1H 2021). Net income: €9.79m (up 69% from 1H 2021). Profit margin: 9.4% (up from 4.9% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
Reported Earnings • May 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.12 (up from €0.064 in FY 2020). Revenue: €228.7m (flat on FY 2020). Net income: €11.3m (up 79% from FY 2020). Profit margin: 4.9% (up from 2.8% in FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Vítor Manuel Escária was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.02, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the Construction industry in Europe. Total returns to shareholders of 120% over the past three years.
分析記事 • Sep 16Here's Why Martifer SGPS (ELI:MAR) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Aug 19Investors Will Want Martifer SGPS' (ELI:MAR) Growth In ROCE To PersistIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Jul 21Estimating The Intrinsic Value Of Martifer SGPS, S.A. (ELI:MAR)Today we will run through one way of estimating the intrinsic value of Martifer SGPS, S.A. ( ELI:MAR ) by projecting...
分析記事 • Jun 08Does Martifer SGPS (ELI:MAR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • May 11Returns Are Gaining Momentum At Martifer SGPS (ELI:MAR)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Reported Earnings • Apr 17Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €249.3m (up 5.2% from FY 2019). Net income: €6.30m (down 73% from FY 2019). Profit margin: 2.5% (down from 9.9% in FY 2019). The decrease in margin was driven by higher expenses.
分析記事 • Feb 09What Can The Trends At Martifer SGPS (ELI:MAR) Tell Us About Their Returns?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Is New 90 Day High Low • Dec 15New 90-day high: €0.42The company is up 2.0% from its price of €0.41 on 15 September 2020. The Portuguese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period.
分析記事 • Dec 15Are Martifer SGPS's (ELI:MAR) Statutory Earnings A Good Guide To Its Underlying Profitability?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...
Is New 90 Day High Low • Oct 09New 90-day low: €0.38The company is down 1.0% from its price of €0.38 on 10 July 2020. The Portuguese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period.