View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCivitanavi Systems 향후 성장Future 기준 점검 5/6Civitanavi Systems (는) 각각 연간 33.2% 및 17.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 37.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 24.2% 로 예상됩니다.핵심 정보33.2%이익 성장률37.86%EPS 성장률Aerospace & Defense 이익 성장26.9%매출 성장률17.3%향후 자기자본이익률24.20%애널리스트 커버리지Low마지막 업데이트02 Aug 2024최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • Jun 28Less than half of directors are independentThere are 11 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Valerio Nalini was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Upcoming Dividend • Apr 29Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio and cash payout ratio are on the higher end at 93% and 89% respectively. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%).Board Change • Apr 25Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.7% 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 Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (9.7% net profit margin).Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €6.02, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 77% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.14 per share.공시 • Mar 27Honeywell International Inc. (NasdaqGS:HON) announced the intention to acquire Civitanavi Systems S.p.A. from Civitanavi Systems Limited, Athena S.p.A. and other.Honeywell International Inc. (NasdaqGS:HON) announced the intention to acquire Civitanavi Systems S.p.A. from Civitanavi Systems Limited, Athena S.p.A. and others on March 27, 2024. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash. The purchase price payable at closing represents a premium of approximately 27.1% to the 30-day volume-weighted average trading price of Civitanavi’s stock ended on March 26, 2024, the last day of trading before the announcement of the transaction. Honeywell has already secured the commitment of Civitanavi’s controlling shareholder, which owns approximately 66% of Civitanavi’s outstanding shares to tender its shares. The transaction is not subject to any financing condition and is expected to close in the third quarter of 2024, subject to customary closing conditions, including among the others: (i) receipt of required antitrust clearance; (ii) receipt of required clearances pursuant to the foreign direct investment regulations in Italy, United Kingdom and Canada and; (iii) the tender of at least 95% of Civitanavi’s outstanding shares. Bird & Bird is acting as legal counsel to Honeywell in the acquisition process, while UniCredit is acting as financial advisor.New Risk • Jan 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. High level of non-cash earnings (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (9.5% net profit margin).Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €4.47, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.04 per share.공시 • Dec 27+ 1 more updateCivitanavi Systems S.p.A. to Report First Half, 2024 Results on Sep 12, 2024Civitanavi Systems S.p.A. announced that they will report first half, 2024 results on Sep 12, 2024공시 • Dec 24Civitanavi Systems S.p.A., Annual General Meeting, Apr 24, 2024Civitanavi Systems S.p.A., Annual General Meeting, Apr 24, 2024. Agenda: To consider and approve the Financial Statements as of 31 December 2023.Reported Earnings • Sep 25First half 2023 earnings released: €0.032 loss per share (vs €0.066 profit in 1H 2022)First half 2023 results: €0.032 loss per share (down from €0.066 profit in 1H 2022). Revenue: €21.2m (up 58% from 1H 2022). Net loss: €973.6k (down 148% from profit in 1H 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany.공시 • Jul 25Civitanavi Systems S.p.A. to Report First Half, 2023 Results on Sep 21, 2023Civitanavi Systems S.p.A. announced that they will report first half, 2023 results on Sep 21, 2023Reported Earnings • Mar 19Full year 2022 earnings released: EPS: €0.23 (vs €9.76 in FY 2021)Full year 2022 results: EPS: €0.23. Revenue: €34.4m (up 38% from FY 2021). Net income: €6.97m (up 43% from FY 2021). Profit margin: 20% (in line with FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany.Board Change • Feb 15Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.공시 • Feb 01Civitanavi Systems S.p.A. (BIT:CNS) entered into agreement to acquire PV Labs Inc .Civitanavi Systems S.p.A. (BIT:CNS) entered into agreement to acquire PV Labs Inc For on January 31, 2023.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €3.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Aerospace & Defense industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €2.85 per share.Board Change • Nov 21Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.공시 • Oct 12Civitanavi Systems Limited acquired 12.7% stake in Civitanavi Systems S.p.A. (BIT:CNS) from Public Joint Stock Company Perm Scientific Industrial Instrument-Making Company.Civitanavi Systems Limited acquired 12.7% stake in Civitanavi Systems S.p.A. (BIT:CNS) from Public Joint Stock Company Perm Scientific Industrial Instrument-Making Company on October 7, 2022.Civitanavi Systems Limited completed the acquisition of 12.7% stake in Civitanavi Systems S.p.A. (BIT:CNS) from Public Joint Stock Company Perm Scientific Industrial Instrument-Making Company on October 7, 2022.Board Change • Apr 29Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.Board Change • Mar 01High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.이익 및 매출 성장 예측DB:D0R - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20267715918212/31/20256713715212/31/20245510411212/31/2023454511N/A9/30/2023444-16N/A6/30/2023424-62N/A3/31/202338507N/A12/31/2022347512N/A9/30/202232749N/A6/30/202228635N/A3/31/202227513N/A12/31/2021255-10N/A9/30/202123712N/A12/31/202018611N/A12/31/201916412N/A12/31/2018101-20N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: D0R 의 연간 예상 수익 증가율(33.2%)이 saving rate(0.8%)보다 높습니다.수익 vs 시장: D0R 의 연간 수익(33.2%)이 German 시장(17.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: D0R 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: D0R 의 수익(연간 17.3%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: D0R 의 수익(연간 17.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: D0R의 자본 수익률은 3년 후 24.2%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/26 12:45종가2024/08/26 00:00수익2023/12/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Civitanavi Systems S.p.A.는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Fraser DonlonBerenbergAndrea RandoneIntermonte SIM S.p.A.
Board Change • Jun 28Less than half of directors are independentThere are 11 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Valerio Nalini was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • Apr 29Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio and cash payout ratio are on the higher end at 93% and 89% respectively. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%).
Board Change • Apr 25Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.
New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.7% 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 Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (9.7% net profit margin).
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €6.02, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 77% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.14 per share.
공시 • Mar 27Honeywell International Inc. (NasdaqGS:HON) announced the intention to acquire Civitanavi Systems S.p.A. from Civitanavi Systems Limited, Athena S.p.A. and other.Honeywell International Inc. (NasdaqGS:HON) announced the intention to acquire Civitanavi Systems S.p.A. from Civitanavi Systems Limited, Athena S.p.A. and others on March 27, 2024. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash. The purchase price payable at closing represents a premium of approximately 27.1% to the 30-day volume-weighted average trading price of Civitanavi’s stock ended on March 26, 2024, the last day of trading before the announcement of the transaction. Honeywell has already secured the commitment of Civitanavi’s controlling shareholder, which owns approximately 66% of Civitanavi’s outstanding shares to tender its shares. The transaction is not subject to any financing condition and is expected to close in the third quarter of 2024, subject to customary closing conditions, including among the others: (i) receipt of required antitrust clearance; (ii) receipt of required clearances pursuant to the foreign direct investment regulations in Italy, United Kingdom and Canada and; (iii) the tender of at least 95% of Civitanavi’s outstanding shares. Bird & Bird is acting as legal counsel to Honeywell in the acquisition process, while UniCredit is acting as financial advisor.
New Risk • Jan 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. High level of non-cash earnings (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (9.5% net profit margin).
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €4.47, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.04 per share.
공시 • Dec 27+ 1 more updateCivitanavi Systems S.p.A. to Report First Half, 2024 Results on Sep 12, 2024Civitanavi Systems S.p.A. announced that they will report first half, 2024 results on Sep 12, 2024
공시 • Dec 24Civitanavi Systems S.p.A., Annual General Meeting, Apr 24, 2024Civitanavi Systems S.p.A., Annual General Meeting, Apr 24, 2024. Agenda: To consider and approve the Financial Statements as of 31 December 2023.
Reported Earnings • Sep 25First half 2023 earnings released: €0.032 loss per share (vs €0.066 profit in 1H 2022)First half 2023 results: €0.032 loss per share (down from €0.066 profit in 1H 2022). Revenue: €21.2m (up 58% from 1H 2022). Net loss: €973.6k (down 148% from profit in 1H 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany.
공시 • Jul 25Civitanavi Systems S.p.A. to Report First Half, 2023 Results on Sep 21, 2023Civitanavi Systems S.p.A. announced that they will report first half, 2023 results on Sep 21, 2023
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: €0.23 (vs €9.76 in FY 2021)Full year 2022 results: EPS: €0.23. Revenue: €34.4m (up 38% from FY 2021). Net income: €6.97m (up 43% from FY 2021). Profit margin: 20% (in line with FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany.
Board Change • Feb 15Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.
공시 • Feb 01Civitanavi Systems S.p.A. (BIT:CNS) entered into agreement to acquire PV Labs Inc .Civitanavi Systems S.p.A. (BIT:CNS) entered into agreement to acquire PV Labs Inc For on January 31, 2023.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €3.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Aerospace & Defense industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €2.85 per share.
Board Change • Nov 21Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.
공시 • Oct 12Civitanavi Systems Limited acquired 12.7% stake in Civitanavi Systems S.p.A. (BIT:CNS) from Public Joint Stock Company Perm Scientific Industrial Instrument-Making Company.Civitanavi Systems Limited acquired 12.7% stake in Civitanavi Systems S.p.A. (BIT:CNS) from Public Joint Stock Company Perm Scientific Industrial Instrument-Making Company on October 7, 2022.Civitanavi Systems Limited completed the acquisition of 12.7% stake in Civitanavi Systems S.p.A. (BIT:CNS) from Public Joint Stock Company Perm Scientific Industrial Instrument-Making Company on October 7, 2022.
Board Change • Apr 29Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. Independent Director Tullio Rozzi 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. Lack of board continuity. Lack of experienced directors.
Board Change • Mar 01High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Chairman of the Board of Directors & CEO Andrea Pizzarulli is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.