Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Director Andrea Costantini was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 16
Cofle S.p.A., Annual General Meeting, Apr 29, 2025 Cofle S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time. Reported Earnings • Sep 26
First half 2024 earnings released First half 2024 results: Revenue: €31.5m (up 3.7% from 1H 2023). Net loss: €1.99m (down 408% from profit in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Auto Components industry in Germany. 공시 • Aug 28
Cofle S.p.A. to Report First Half, 2024 Results on Sep 26, 2024 Cofle S.p.A. announced that they will report first half, 2024 results on Sep 26, 2024 New Risk • Jul 26
New major risk - Revenue and earnings growth Earnings have declined by 33% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 291% Paying a dividend despite having no free cash flows. Earnings have declined by 33% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€30.6m market cap, or US$33.2m). Upcoming Dividend • May 13
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.0%). New Risk • Apr 10
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 7.5% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€39.4m market cap, or US$42.3m). Buy Or Sell Opportunity • Apr 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €6.10. The fair value is estimated to be €8.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 1,874% in the next 2 years. Reported Earnings • Mar 31
Full year 2023 earnings released Full year 2023 results: Revenue: €62.3m (up 9.9% from FY 2022). Net income: €359.7k (down 84% from FY 2022). Profit margin: 0.6% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. 공시 • Mar 31
Cofle S.p.A. to Report Results on Apr 29, 2024 Cofle S.p.A. to report results on Apr 29, 2024. Buy Or Sell Opportunity • Mar 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to €7.00. The fair value is estimated to be €8.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Dec 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be €8.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Nov 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 42%. The fair value is estimated to be €8.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Oct 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €9.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Oct 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €10.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making. Reported Earnings • Oct 01
First half 2023 earnings released First half 2023 results: Revenue: €30.4m (up 8.3% from 1H 2022). Net income: €645.5k (down 79% from 1H 2022). Profit margin: 2.1% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. 공시 • Aug 29
Cofle S.p.A. to Report Q2, 2023 Results on Sep 28, 2023 Cofle S.p.A. announced that they will report Q2, 2023 results on Sep 28, 2023