View Future GrowthAltri SGPS 과거 순이익 실적과거 기준 점검 0/6Altri SGPS의 수입은 연평균 -16.3%의 비율로 감소해 온 반면, Forestry 산업은 수입이 연평균 8.2% 감소했습니다. 매출은 연평균 1.3%의 비율로 감소해 왔습니다. Altri SGPS의 자기자본이익률은 1.3%이고 순이익률은 1%입니다.핵심 정보-16.32%순이익 성장률-16.32%주당순이익(EPS) 성장률Forestry 산업 성장률16.09%매출 성장률-1.29%자기자본이익률1.28%순이익률1.02%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026공시 • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026공시 • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.모든 업데이트 보기Recent updatesReported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Declared Dividend • May 21Dividend reduced to €0.25Dividend of €0.25 is 17% lower than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio) nor is it covered by cash flows (dividend approximately 17x free cash flows). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. EPS is expected to grow by 157% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • May 20Altri, SGPS, S.A. announces Annual dividend, payable on May 28, 2026Altri, SGPS, S.A. announced Annual dividend of EUR 0.2500 per share payable on May 28, 2026, ex-date on May 26, 2026 and record date on May 27, 2026.공시 • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026공시 • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026공시 • Jul 24Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire an unknown minority stake in HeiQ AeoniQ Holding AG on July 1, 2025. The Altri investment, including a capital increase. With capital increase, Altri will acquire a majority stake in AeoniQ. The acquisition will enable the development of the world's first AeoniQ industrial unit, which will be built at Altri's fiber mill in Caima, Constância. Construction is scheduled to begin in 2026, with an initial capacity of 1,750 tons per year. The completion of the acquisition is subject to the fulfilment of closing conditions, as is standard in transactions of this nature. The companies expect the process to be completed in third quarter of 2025. Daniel Hasler of Homburger AG acted as legal advisor to Altri, SGPS, S.A. Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG on July 23, 2025. HeiQ Materials AG, Boss and MAS Holdings remain as co-investors in the company and after the completion of the acquisition, The Lycra Company also maintains exclusive distribution rights.공시 • May 07Altri, SGPS, S.A. announces Annual dividend, payable on May 19, 2025Altri, SGPS, S.A. announced Annual dividend of EUR 0.3000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.공시 • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025공시 • Apr 07Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025. Location: rua manuel pinto de azevedo 818, porto Portugal공시 • Jan 24Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U. on January 23, 2025. The completion of this acquisition is subject to the verification of a set of preconditions, a usual procedure in transactions of this nature. The company expects that this process will be concluded by the end of the first quarter of 2025.Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.Declared Dividend • May 12Dividend of €0.25 announcedShareholders will receive a dividend of €0.25. Ex-date: 21st May 2024 Payment date: 23rd May 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 20% 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 grow by 33% to bring the payout ratio under control. EPS is expected to grow by 103% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Apr 13Altri, SGPS, S.A., Annual General Meeting, May 03, 2024Altri, SGPS, S.A., Annual General Meeting, May 03, 2024, at 11:00 Coordinated Universal Time. Location: The company's head office in Rua Manuel Pinto de Azevedo, 818, Porto Portugal Agenda: To consider Discuss and decide on the financial statements for the year 2023, including the separate and consolidated accounts and respective annexes, the Corporate Governance Report (which includes the Remuneration Report), the Integrated Management Report (which includes the Non-Financial Information Report), and other corporate information and supervisory and audit documents;to consider Decide on the proposed appropriation of the net profit for the year ended 31st of December 2023 and, additionally, on the distribution of dividends in cash;to consider Assess the management and audit of the Company in accordance with article 455 of the Portuguese Companies Code;to consider Vote for the representative of the Statutory Auditor for the current three-year term 2023-2025;to consider Deliberate on the granting of authorization to the Board of Directors for the acquisition and sale ofown bonds to the legal limit of 10%; and to consider other matters.공시 • Apr 10+ 2 more updatesAltri, SGPS, S.A. to Report Q3, 2024 Results on Nov 21, 2024Altri, SGPS, S.A. announced that they will report Q3, 2024 results on Nov 21, 2024Reported Earnings • Mar 25Full year 2023 earnings released: EPS: €0.21 (vs €0.74 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.74 in FY 2022). Revenue: €788.2m (down 25% from FY 2022). Net income: €42.8m (down 72% from FY 2022). Profit margin: 5.4% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Jan 20Altri, SGPS, S.A. to Report Fiscal Year 2023 Results on Mar 21, 2024Altri, SGPS, S.A. announced that they will report fiscal year 2023 results on Mar 21, 2024New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 15% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: €0.001 (vs €0.23 in 3Q 2022)Third quarter 2023 results: EPS: €0.001 (down from €0.23 in 3Q 2022). Revenue: €174.4m (down 38% from 3Q 2022). Net income: €200.0k (down 100% from 3Q 2022). Profit margin: 0.1% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 05Second quarter 2023 earnings released: EPS: €0.04 (vs €0.19 in 2Q 2022)Second quarter 2023 results: EPS: €0.04 (down from €0.19 in 2Q 2022). Revenue: €191.8m (down 29% from 2Q 2022). Net income: €8.36m (down 79% from 2Q 2022). Profit margin: 4.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Oct 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (134% cash payout ratio).Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €201.9m (down 26% from 2Q 2022). Net income: €8.40m (down 79% from 2Q 2022). Profit margin: 4.2% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 27First quarter 2023 earnings released: EPS: €0.096 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.096 (down from €0.14 in 1Q 2022). Revenue: €224.7m (down 9.4% from 1Q 2022). Net income: €19.6m (down 34% from 1Q 2022). Profit margin: 8.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • May 26+ 1 more updateAltri, SGPS, S.A. to Report Q3, 2023 Results on Nov 16, 2023Altri, SGPS, S.A. announced that they will report Q3, 2023 results on Nov 16, 2023Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €4.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.84 per share.공시 • May 11Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A.Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.Altri, SGPS, S.A. completed the acquisition of a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.Reported Earnings • Mar 25Full year 2022 earnings released: EPS: €0.74 (vs €0.60 in FY 2021)Full year 2022 results: EPS: €0.74 (up from €0.60 in FY 2021). Revenue: €1.07b (up 36% from FY 2021). Net income: €152.1m (up 23% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Jan 14Altri, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 23, 2023Altri, SGPS, S.A. announced that they will report fiscal year 2022 results on Mar 23, 2023Reported Earnings • Nov 26Third quarter 2022 earnings released: EPS: €0.23 (vs €0.23 in 3Q 2021)Third quarter 2022 results: EPS: €0.23. Revenue: €284.1m (up 15% from 3Q 2021). Net income: €47.7m (flat on 3Q 2021). Profit margin: 17% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €5.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.85 per share.Reported Earnings • Jul 30Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €272.4m (up 32% from 2Q 2021). Net income: €39.8m (up 26% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 1.8% compared to a 5.7% growth forecast for the industry in Germany.Buying Opportunity • Jul 30Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 2.6%. The fair value is estimated to be €8.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to decline by 8.6% per annum. Earnings is also forecast to decline by 16% per annum over the same time period.Reported Earnings • May 28First quarter 2022 earnings released: EPS: €0.10 (vs €0.064 in 1Q 2021)First quarter 2022 results: EPS: €0.10 (up from €0.064 in 1Q 2021). Revenue: €249.2m (up 40% from 1Q 2021). Net income: €21.1m (up 60% from 1Q 2021). Profit margin: 8.5% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.5%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €5.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.10 per share.Upcoming Dividend • May 10Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.3%).Board Change • Apr 29High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 13Full year 2021 earnings released: EPS: €0.60 (vs €0.12 in FY 2020)Full year 2021 results: EPS: €0.60 (up from €0.12 in FY 2020). Revenue: €785.2m (up 38% from FY 2020). Net income: €123.7m (up 401% from FY 2020). Profit margin: 16% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 4.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.02 per share.Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS €0.23 (vs €0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €248.4m (up 77% from 3Q 2020). Net income: €48.1m (up 219% from 3Q 2020). Profit margin: 19% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 04Second quarter 2021 earnings released: EPS €0.15 (vs €0.012 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €205.9m (up 28% from 2Q 2020). Net income: €31.7m (up €29.2m from 2Q 2020). Profit margin: 15% (up from 1.5% 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 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 04First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 23First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • May 11Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 18 May 2021. Payment date: 20 May 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to €6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Forestry industry in Europe. Total returns to shareholders of 99% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.23 per share.Is New 90 Day High Low • Feb 10New 90-day high: €5.48The company is up 44% from its price of €3.80 on 11 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 Forestry industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.69 per share.Is New 90 Day High Low • Jan 08New 90-day high: €5.46The company is up 42% from its price of €3.85 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.Is New 90 Day High Low • Dec 01New 90-day high: €4.55The company is up 5.0% from its price of €4.31 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.42 per share.Analyst Estimate Surprise Post Earnings • Nov 28Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 1.5% decline forecast for the Forestry industry in Germany.Reported Earnings • Nov 28Third quarter 2020 earnings released: EPS €0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €140.1m (down 18% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS €0.073The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €141.5m (down 17% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.Analyst Estimate Surprise Post Earnings • Nov 22Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 7.3% compared to a 1.6% decline forecast for the Forestry industry in Germany.Valuation Update With 7 Day Price Move • Nov 16Market bids up stock over the past weekAfter last week's 17% share price gain to €4.02, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past year is a loss of 28%.Is New 90 Day High Low • Oct 16New 90-day low: €3.68The company is down 15% from its price of €4.31 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 Forestry industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.97 per share.공시 • Oct 04Altri, SGPS, S.A. to Report Q3, 2020 Results on Nov 19, 2020Altri, SGPS, S.A. announced that they will report Q3, 2020 results on Nov 19, 2020Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €42.2m, down 78% from the prior year. Total revenue was €656.2m over the last 12 months, down 19% from the prior year.공시 • Jun 20Altri, S.G.P.S., S.A. to Report First Half, 2020 Results on Sep 10, 2020Altri, S.G.P.S., S.A. announced that they will report first half, 2020 results on Sep 10, 2020매출 및 비용 세부 내역Altri SGPS가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:ACJ 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 26636655031 Dec 256762155030 Sep 256923060030 Jun 257345959031 Mar 258069359031 Dec 2483810758030 Sep 2484210453030 Jun 248047753031 Mar 247574552031 Dec 237524351030 Sep 238296355030 Jun 2394111153031 Mar 231,02014254031 Dec 221,05215352030 Sep 221,00315150030 Jun 2294014949031 Mar 2286414146031 Dec 2178512445030 Sep 216839141030 Jun 216076041031 Mar 215723041031 Dec 205682541030 Sep 206263444030 Jun 206574243031 Mar 206947142031 Dec 1973610143030 Sep 1977416553030 Jun 1980618952031 Mar 1981119951031 Dec 1877819450030 Sep 1874914847030 Jun 1871012847031 Mar 1867111247031 Dec 176569646030 Sep 176418845030 Jun 176247845031 Mar 176016945031 Dec 166037745030 Sep 166169046030 Jun 1664910846031 Mar 1666512146031 Dec 1565711846030 Sep 156319944030 Jun 1559275420양질의 수익: ACJ는 €4.7M 규모의 큰 일회성 이익이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: ACJ의 현재 순 이익률 (1%)은 지난해 (11.6%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ACJ의 수익은 지난 5년 동안 연평균 16.3% 감소했습니다.성장 가속화: ACJ은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: ACJ은 지난 1년 동안 수익이 감소(-93.1%)하여 Forestry 업계 평균(-27.8%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: ACJ의 자본 수익률(1.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/04 16:17종가2026/06/04 00:00수익2026/03/31연간 수익2025/12/31데이터 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 소스Altri, SGPS, S.A.는 7명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Manuel Lorente OrtegaBanco Santandernull nullBanco SantanderBruno BessaCaixa Banco BPI4명의 분석가 더 보기
Reported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026
공시 • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026
공시 • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025
Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • May 22First quarter 2026 earnings released: €0.036 loss per share (vs €0.037 profit in 1Q 2025)First quarter 2026 results: €0.036 loss per share (down from €0.037 profit in 1Q 2025). Revenue: €160.2m (down 15% from 1Q 2025). Net loss: €7.30m (down 196% from profit in 1Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Declared Dividend • May 21Dividend reduced to €0.25Dividend of €0.25 is 17% lower than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio) nor is it covered by cash flows (dividend approximately 17x free cash flows). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. EPS is expected to grow by 157% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • May 20Altri, SGPS, S.A. announces Annual dividend, payable on May 28, 2026Altri, SGPS, S.A. announced Annual dividend of EUR 0.2500 per share payable on May 28, 2026, ex-date on May 26, 2026 and record date on May 27, 2026.
공시 • Apr 28Altri, SGPS, S.A. to Report Q1, 2026 Results on May 21, 2026Altri, SGPS, S.A. announced that they will report Q1, 2026 results on May 21, 2026
공시 • Jan 23Altri, SGPS, S.A. to Report Fiscal Year 2025 Results on Mar 19, 2026Altri, SGPS, S.A. announced that they will report fiscal year 2025 results on Mar 19, 2026
공시 • Jul 24Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire an unknown minority stake in HeiQ AeoniQ Holding AG on July 1, 2025. The Altri investment, including a capital increase. With capital increase, Altri will acquire a majority stake in AeoniQ. The acquisition will enable the development of the world's first AeoniQ industrial unit, which will be built at Altri's fiber mill in Caima, Constância. Construction is scheduled to begin in 2026, with an initial capacity of 1,750 tons per year. The completion of the acquisition is subject to the fulfilment of closing conditions, as is standard in transactions of this nature. The companies expect the process to be completed in third quarter of 2025. Daniel Hasler of Homburger AG acted as legal advisor to Altri, SGPS, S.A. Altri, SGPS, S.A. (ENXTLS:ALTR) completed the acquisition of 58.7% stake in HeiQ AeoniQ Holding AG on July 23, 2025. HeiQ Materials AG, Boss and MAS Holdings remain as co-investors in the company and after the completion of the acquisition, The Lycra Company also maintains exclusive distribution rights.
공시 • May 07Altri, SGPS, S.A. announces Annual dividend, payable on May 19, 2025Altri, SGPS, S.A. announced Annual dividend of EUR 0.3000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.
공시 • May 03+ 2 more updatesAltri, SGPS, S.A. to Report Q2, 2025 Results on Jul 24, 2025Altri, SGPS, S.A. announced that they will report Q2, 2025 results at 9:00 AM, Central European Standard Time on Jul 24, 2025
공시 • Apr 07Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025Altri, SGPS, S.A., Annual General Meeting, Apr 28, 2025. Location: rua manuel pinto de azevedo 818, porto Portugal
공시 • Jan 24Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U.Altri, SGPS, S.A. (ENXTLS:ALTR) signed an agreement to acquire Greenalia Forest, S.L. and Greenalia Logistics, S.L. from Smarttia Spain, S.L.U. on January 23, 2025. The completion of this acquisition is subject to the verification of a set of preconditions, a usual procedure in transactions of this nature. The company expects that this process will be concluded by the end of the first quarter of 2025.
Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €220.8m (up 2.1% from 1Q 2023). Net income: €21.6m (up 10.0% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • May 25First quarter 2024 earnings released: EPS: €0.10 (vs €0.096 in 1Q 2023)First quarter 2024 results: EPS: €0.10 (up from €0.096 in 1Q 2023). Revenue: €222.7m (up 2.9% from 1Q 2023). Net income: €21.6m (up 10% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Declared Dividend • May 12Dividend of €0.25 announcedShareholders will receive a dividend of €0.25. Ex-date: 21st May 2024 Payment date: 23rd May 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 20% 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 grow by 33% to bring the payout ratio under control. EPS is expected to grow by 103% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Apr 13Altri, SGPS, S.A., Annual General Meeting, May 03, 2024Altri, SGPS, S.A., Annual General Meeting, May 03, 2024, at 11:00 Coordinated Universal Time. Location: The company's head office in Rua Manuel Pinto de Azevedo, 818, Porto Portugal Agenda: To consider Discuss and decide on the financial statements for the year 2023, including the separate and consolidated accounts and respective annexes, the Corporate Governance Report (which includes the Remuneration Report), the Integrated Management Report (which includes the Non-Financial Information Report), and other corporate information and supervisory and audit documents;to consider Decide on the proposed appropriation of the net profit for the year ended 31st of December 2023 and, additionally, on the distribution of dividends in cash;to consider Assess the management and audit of the Company in accordance with article 455 of the Portuguese Companies Code;to consider Vote for the representative of the Statutory Auditor for the current three-year term 2023-2025;to consider Deliberate on the granting of authorization to the Board of Directors for the acquisition and sale ofown bonds to the legal limit of 10%; and to consider other matters.
공시 • Apr 10+ 2 more updatesAltri, SGPS, S.A. to Report Q3, 2024 Results on Nov 21, 2024Altri, SGPS, S.A. announced that they will report Q3, 2024 results on Nov 21, 2024
Reported Earnings • Mar 25Full year 2023 earnings released: EPS: €0.21 (vs €0.74 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.74 in FY 2022). Revenue: €788.2m (down 25% from FY 2022). Net income: €42.8m (down 72% from FY 2022). Profit margin: 5.4% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Jan 20Altri, SGPS, S.A. to Report Fiscal Year 2023 Results on Mar 21, 2024Altri, SGPS, S.A. announced that they will report fiscal year 2023 results on Mar 21, 2024
New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 15% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: €0.001 (vs €0.23 in 3Q 2022)Third quarter 2023 results: EPS: €0.001 (down from €0.23 in 3Q 2022). Revenue: €174.4m (down 38% from 3Q 2022). Net income: €200.0k (down 100% from 3Q 2022). Profit margin: 0.1% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 05Second quarter 2023 earnings released: EPS: €0.04 (vs €0.19 in 2Q 2022)Second quarter 2023 results: EPS: €0.04 (down from €0.19 in 2Q 2022). Revenue: €191.8m (down 29% from 2Q 2022). Net income: €8.36m (down 79% from 2Q 2022). Profit margin: 4.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (134% cash payout ratio).
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €201.9m (down 26% from 2Q 2022). Net income: €8.40m (down 79% from 2Q 2022). Profit margin: 4.2% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 27First quarter 2023 earnings released: EPS: €0.096 (vs €0.14 in 1Q 2022)First quarter 2023 results: EPS: €0.096 (down from €0.14 in 1Q 2022). Revenue: €224.7m (down 9.4% from 1Q 2022). Net income: €19.6m (down 34% from 1Q 2022). Profit margin: 8.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 7.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • May 26+ 1 more updateAltri, SGPS, S.A. to Report Q3, 2023 Results on Nov 16, 2023Altri, SGPS, S.A. announced that they will report Q3, 2023 results on Nov 16, 2023
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €4.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.84 per share.
공시 • May 11Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A.Altri, SGPS, S.A. acquired a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.Altri, SGPS, S.A. completed the acquisition of a 13.47% stake in Greenvolt - Energias Renováveis, S.A. on May 9, 2023.
Reported Earnings • Mar 25Full year 2022 earnings released: EPS: €0.74 (vs €0.60 in FY 2021)Full year 2022 results: EPS: €0.74 (up from €0.60 in FY 2021). Revenue: €1.07b (up 36% from FY 2021). Net income: €152.1m (up 23% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Jan 14Altri, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 23, 2023Altri, SGPS, S.A. announced that they will report fiscal year 2022 results on Mar 23, 2023
Reported Earnings • Nov 26Third quarter 2022 earnings released: EPS: €0.23 (vs €0.23 in 3Q 2021)Third quarter 2022 results: EPS: €0.23. Revenue: €284.1m (up 15% from 3Q 2021). Net income: €47.7m (flat on 3Q 2021). Profit margin: 17% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €5.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.85 per share.
Reported Earnings • Jul 30Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €272.4m (up 32% from 2Q 2021). Net income: €39.8m (up 26% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 1.8% compared to a 5.7% growth forecast for the industry in Germany.
Buying Opportunity • Jul 30Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 2.6%. The fair value is estimated to be €8.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to decline by 8.6% per annum. Earnings is also forecast to decline by 16% per annum over the same time period.
Reported Earnings • May 28First quarter 2022 earnings released: EPS: €0.10 (vs €0.064 in 1Q 2021)First quarter 2022 results: EPS: €0.10 (up from €0.064 in 1Q 2021). Revenue: €249.2m (up 40% from 1Q 2021). Net income: €21.1m (up 60% from 1Q 2021). Profit margin: 8.5% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.5%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €5.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.10 per share.
Upcoming Dividend • May 10Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.3%).
Board Change • Apr 29High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Chairman Alberto Joao de Castro was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 13Full year 2021 earnings released: EPS: €0.60 (vs €0.12 in FY 2020)Full year 2021 results: EPS: €0.60 (up from €0.12 in FY 2020). Revenue: €785.2m (up 38% from FY 2020). Net income: €123.7m (up 401% from FY 2020). Profit margin: 16% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 4.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.02 per share.
Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS €0.23 (vs €0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €248.4m (up 77% from 3Q 2020). Net income: €48.1m (up 219% from 3Q 2020). Profit margin: 19% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 04Second quarter 2021 earnings released: EPS €0.15 (vs €0.012 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €205.9m (up 28% from 2Q 2020). Net income: €31.7m (up €29.2m from 2Q 2020). Profit margin: 15% (up from 1.5% 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 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 04First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 23First quarter 2021 earnings released: EPS €0.064 (vs €0.033 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €179.2m (up 9.0% from 1Q 2020). Net income: €13.2m (up 94% from 1Q 2020). Profit margin: 7.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 11Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 18 May 2021. Payment date: 20 May 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to €6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Forestry industry in Europe. Total returns to shareholders of 99% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.23 per share.
Is New 90 Day High Low • Feb 10New 90-day high: €5.48The company is up 44% from its price of €3.80 on 11 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 Forestry industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.69 per share.
Is New 90 Day High Low • Jan 08New 90-day high: €5.46The company is up 42% from its price of €3.85 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.
Is New 90 Day High Low • Dec 01New 90-day high: €4.55The company is up 5.0% from its price of €4.31 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.42 per share.
Analyst Estimate Surprise Post Earnings • Nov 28Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 1.5% decline forecast for the Forestry industry in Germany.
Reported Earnings • Nov 28Third quarter 2020 earnings released: EPS €0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €140.1m (down 18% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.
Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS €0.073The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €141.5m (down 17% from 3Q 2019). Net income: €15.1m (down 34% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue.
Analyst Estimate Surprise Post Earnings • Nov 22Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 7.3% compared to a 1.6% decline forecast for the Forestry industry in Germany.
Valuation Update With 7 Day Price Move • Nov 16Market bids up stock over the past weekAfter last week's 17% share price gain to €4.02, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past year is a loss of 28%.
Is New 90 Day High Low • Oct 16New 90-day low: €3.68The company is down 15% from its price of €4.31 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 Forestry industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.97 per share.
공시 • Oct 04Altri, SGPS, S.A. to Report Q3, 2020 Results on Nov 19, 2020Altri, SGPS, S.A. announced that they will report Q3, 2020 results on Nov 19, 2020
Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €42.2m, down 78% from the prior year. Total revenue was €656.2m over the last 12 months, down 19% from the prior year.
공시 • Jun 20Altri, S.G.P.S., S.A. to Report First Half, 2020 Results on Sep 10, 2020Altri, S.G.P.S., S.A. announced that they will report first half, 2020 results on Sep 10, 2020