Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Valentina Manfredi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Valentina Manfredi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Jul 29
Piquadro S.p.A. announces Annual dividend, payable on August 06, 2025 Piquadro S.p.A. announced Annual dividend of EUR 0.1482 per share payable on August 06, 2025, ex-date on August 04, 2025 and record date on August 05, 2025. Upcoming Dividend • Jul 29
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 05 August 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.7%). Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Valentina Manfredi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 15
Dividend increased to €0.15 Dividend of €0.15 is 42% higher than last year. Ex-date: 5th August 2024 Payment date: 7th August 2024 Dividend yield will be 7.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 48% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.24, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 26x in the Luxury industry in Germany. Total returns to shareholders of 21% over the past three years. New Risk • Mar 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.8m (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% 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 (€88.8m market cap, or US$96.2m). Upcoming Dividend • Jul 24
Upcoming dividend of €0.10 per share at 4.2% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 02 August 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jun 14
Full year 2023 earnings released: EPS: €0.13 (vs €0.092 in FY 2022) Full year 2023 results: EPS: €0.13 (up from €0.092 in FY 2022). Revenue: €177.6m (up 16% from FY 2022). Net income: €6.50m (up 46% from FY 2022). Profit margin: 3.7% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 30
First half 2023 earnings released: €0.001 loss per share (vs €0.029 loss in 1H 2022) First half 2023 results: €0.001 loss per share (improved from €0.029 loss in 1H 2022). Revenue: €80.9m (up 26% from 1H 2022). Net loss: €70.0k (loss narrowed 95% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Valentina Manfredi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 25
Upcoming dividend of €0.083 per share Eligible shareholders must have bought the stock before 01 August 2022. Payment date: 03 August 2022. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jun 16
Full year 2022 earnings released: EPS: €0.089 (vs €0.12 loss in FY 2021) Full year 2022 results: EPS: €0.089 (up from €0.12 loss in FY 2021). Revenue: €154.9m (up 34% from FY 2021). Net income: €4.44m (up €10.6m from FY 2021). Profit margin: 2.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Catia Cesari was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Feb 12
Piquadro S.p.A. (BIT:PQ) completed the acquisition of remaining 20% of The Bridge S.p.A. from Il Ponte S.r.l. Piquadro S.p.A. (BIT:PQ) entered into a definitive agreement to acquire remaining 20% of The Bridge S.p.A. from Il Ponte S.r.l. for €0.8 million on January 28, 2022. The closing of the transaction is expected to be carried out within 28 February 2022.
Piquadro S.p.A. (BIT:PQ) completed the acquisition of remaining 20% of The Bridge S.p.A. from Il Ponte S.r.l. on February 11, 2022. Reported Earnings • Dec 08
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: €0.029 loss per share (up from €0.082 loss in 1H 2021). Revenue: €64.2m (up 32% from 1H 2021). Net loss: €1.47m (loss narrowed 64% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 09
Full year 2021 earnings released: €0.12 loss per share (vs €0.15 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: €115.8m (down 25% from FY 2020). Net loss: €6.12m (loss narrowed 21% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 18
Full year 2021 earnings released: €0.12 loss per share (vs €0.15 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: €116.1m (down 25% from FY 2020). Net loss: €6.12m (loss narrowed 21% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 10
New 90-day high: €1.56 The company is up 3.0% from its price of €1.51 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is flat over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: €1.50 The company is up 12% from its price of €1.35 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 11% over the same period. Reported Earnings • Nov 28
First half 2021 earnings released: €0.083 loss per share The company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: €48.8m (down 38% from 1H 2020). Net loss: €4.10m (loss widened 38% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 19
New 90-day high: €1.49 The company is up 10.0% from its price of €1.35 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: €1.27 The company is down 13% from its price of €1.46 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: €1.30 The company is down 9.0% from its price of €1.43 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 11% over the same period.