Upcoming Dividend • May 06
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 9.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €2.91, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 16% over the past year. New Risk • Mar 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (227% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (€83.2m market cap, or US$90.9m). New Risk • Mar 15
New major risk - Revenue and earnings growth Earnings have declined by 3.5% 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 Risk Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (227% payout ratio). Market cap is less than US$100m (€81.3m market cap, or US$88.6m). Reported Earnings • Sep 11
First half 2023 earnings released First half 2023 results: Revenue: €16.4m (down 25% from 1H 2022). Net income: €1.10m (down 74% from 1H 2022). Profit margin: 6.7% (down from 19% in 1H 2022). The decrease in margin was driven by lower revenue. 공고 • Jul 13
Intermonte Partners SIM S.p.A. (BIT:INT) commences an Equity Buyback Plan, under the authorization approved on April 21, 2023. Intermonte Partners SIM S.p.A. (BIT:INT) commences share repurchases on July 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 21, 2023. As per the mandate, the company is authorized to repurchase its own shares.
On June 23, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 600,000 ordinary shares, for a total of €1.7 million. The repurchases will commence today and the program will end on the eve of the approval of the 2023 budget by shareholders. Board Change • May 10
Less than half of directors are independent There are 7 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: 7 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Standing Auditor Marco Salvatore is the most experienced director on the board, commencing their role in 2008. Independent Director Manuela Mezzetti 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. Upcoming Dividend • May 01
Upcoming dividend of €0.26 per share at 9.1% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.0%). Board Change • Nov 18
Less than half of directors are independent There are 7 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: 7 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Standing Auditor Marco Salvatore is the most experienced director on the board, commencing their role in 2008. Independent Director Manuela Mezzetti 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.