공시 • Mar 31
Immsi S.p.A., Annual General Meeting, Apr 30, 2026 Immsi S.p.A., Annual General Meeting, Apr 30, 2026, at 09:30 W. Europe Standard Time. New Risk • Jan 12
New major risk - Financial data availability The 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Giulia Molteni was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 17
Third quarter 2024 earnings released: €0.003 loss per share (vs €0.009 profit in 3Q 2023) Third quarter 2024 results: €0.003 loss per share (down from €0.009 profit in 3Q 2023). Revenue: €377.8m (down 18% from 3Q 2023). Net loss: €878.0k (down 128% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Oct 02
Now 26% undervalued Over the last 90 days, the stock has risen 27% to €0.54. The fair value is estimated to be €0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 5.8%. New Risk • Oct 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share). Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Sep 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €578.9m (down 8.3% from 2Q 2023). Net income: €9.71m (down 29% from 2Q 2023). Profit margin: 1.7% (down from 2.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Jul 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin). New Risk • Jun 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin). Upcoming Dividend • May 13
Upcoming dividend of €0.025 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 8.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.9%). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Giulia Molteni was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Dec 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x 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 Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €460.1m (down 21% from 3Q 2022). Net income: €3.14m (down 61% from 3Q 2022). Profit margin: 0.7% (down from 1.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (176% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Sep 07
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €631.1m (up 3.4% from 2Q 2022). Net income: €13.7m (up 1.7% from 2Q 2022). Profit margin: 2.2% (in line with 2Q 2022). Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: €556.4m (up 19% from 1Q 2022). Net income: €5.89m (up 360% from 1Q 2022). Profit margin: 1.1% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • May 15
Upcoming dividend of €0.039 per share at 6.7% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.4%). 공시 • Nov 26
An unknown buyer acquired a 2.143717% stake in Immsi S.p.A. from Omniainvest S.p.A. for €3 million. An unknown buyer acquired a 2.143717% stake in Immsi S.p.A. from Omniainvest S.p.A. for €3 million on November 24, 2022.An unknown buyer completed the acquisition of a 2.143717% stake in Immsi S.p.A. from Omniainvest S.p.A. on November 24, 2022. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €580.3m (up 35% from 3Q 2021). Net income: €8.06m (up €8.11m from 3Q 2021). Profit margin: 1.4% (up from 0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 08
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €610.4m (up 16% from 2Q 2021). Net income: €13.4m (up 6.6% from 2Q 2021). Profit margin: 2.2% (down from 2.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: €0.036 (vs €0.029 in FY 2020) Full year 2021 results: EPS: €0.036 (up from €0.029 in FY 2020). Revenue: €1.71b (up 24% from FY 2020). Net income: €12.3m (up 26% from FY 2020). Profit margin: 0.7% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 08
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €527.1m (up 75% from 2Q 2020). Net income: €12.6m (up 462% from 2Q 2020). Profit margin: 2.4% (up from 0.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 18
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €393.6m (up 20% from 1Q 2020). Net income: €2.04m (up €2.77m from 1Q 2020). Profit margin: 0.5% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Is New 90 Day High Low • Feb 15
New 90-day high: €0.46 The company is up 15% from its price of €0.40 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: €0.44 The company is up 18% from its price of €0.37 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €0.40 The company is up 2.0% from its price of €0.39 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: €0.33 The company is down 16% from its price of €0.39 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: €0.33 The company is down 15% from its price of €0.39 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 5.0% over the same period. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total losses of €3.37m, with earnings decreasing by €17.6m from the prior year. Total revenue was €1.37b over the last 12 months, down 11% from the prior year.